Quote:
Originally Posted by ASU2003
I'm going to look into this and read it this weekend. But, I think we need to do everything. Eliminate all the tax cuts, lower SS payments, means test some benefits, reduce the costs per student in schools, reduce medical payments by getting healthier, cut 25% of the military (close bases, bring troops back,...) etc...
It is just like losing weight. A person can stay the same weight by doing a little, but to change your weight you need to do more. Our debt is obese and just doing a little will only keep it around 14 trillion.
I just wonder (and China is too) if we are devaluing our currency in order to pay off the debt. (I'll make a new thread about this tomorrow).
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I'm a little confused about how lowering SS payments will help close the budget gap and/or lower the deficit. Isn't the revenue for SS generated by it's own tax with the excess revenues going into the SS trust? If that's the case it's entirely separate from the spending problem and all you are going to do is increase the size of the trust.