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Interesting commentary

March 24, 2013

I took a long hiatus on reviewing editorials in the paper but have recently come back to read some interesting commentary on healthcare and the skyrocketing budget crisis....

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Comments

(16)

enigma

Mar-24-13 7:48 AM

It's a funny thing about tax rates, raising them does not necessarily raise revenue. The best way for the government to raise revenue is for the economy to grow. This is hampered by high tax rates. A simple, fair (everybody pays) and reasonable tax would do wonders for the country, but don't look for that from this President. He preaches class warfare, while he maintains tax breaks for his rich friends. Flat rate and no deductions or credits is the only truly fair tax.

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eriklatranyi

Mar-24-13 8:12 AM

I'll make liberals a deal:

I will support restoring the Clinton-era tax rates if you support restoring the Clinton-era spending levels.

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CMReeder

Mar-24-13 8:34 AM

You know if they had raised taxes to support the unprecedented spending after 9/11 we would not be in this mess. Conservatives would not support it then they will support it now. This jerk's solution for the rest of us to do with less, pay, benefits, services. Just for a few years.

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ConcernedMom

Mar-24-13 9:13 AM

'Second, government spending is cut, specifically to the three drivers of debt (healthcare spending, defense, and Social Security is roughly $2.4 trillion annually!) '

Social Security a driver of debt? Apparently Mr Bachman isn't aware of the SS deduction from his paycheck. Isn't he aware everyone pays into SS? It's unfortunate that the SS fund dollars have been added to their money pot without any thoughts as to how they will pay the people back the money they put into it. The SS mess was created by Washington and they've dug themselves such a deep hole they'll never get out. Instead, they will continue to live at their standard of living while those who really need the SS will live in poverty.

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idiottwo

Mar-24-13 9:24 AM

Adam, the current debt load and hunger of our Gov to spend and influence most people's daily lives in one way or another is nothing like the clinton days. One might also suggest that successes then be tied to balanced budget approaches, welfare reform and Reagan's approaches prior, but I'm sure you won't agree on Reagan. The current budget and healthcare law are going to add costs and debt. These aren't good for the economy. The base of people you can tax is dwindeling and we continue to spend on REDICULOUS things when we TRULY have no money to do so.

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gavinf56

Mar-24-13 9:25 AM

10,000 people retire everyday. Life expectancy is just over 78 years and will soon be over 80. Who is kidding who?

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JerryfromRI

Mar-24-13 9:50 AM

What's all the fuss about?

Our elected leaders just negotiated the tax rates in January - 95% of the Bush tax cuts are now permanent. We just started the Sequester, the first of ten years of mandatory spending cuts.

We are on the right path, chillax a lil bit people.

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JohnZook

Mar-24-13 11:55 AM

One thing missing from the Clinton era, he had a Republican Congress led by Gingrich and other tax cutting and cost cutting Conservatives.

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nobud74

Mar-24-13 12:16 PM

How can SS be a driver of debt? Al Gore assured us it was all in a lock box. Good enough for me. Must be something else driving debt.

Oh, and if any of you have a chance to view the SS deductions from employees and what the employer matches, you would be shocked. There is not that much and for the idiots in charge to declare a 2% tax holiday of that deduction was moronic at best. Now it is being portrayed as a tax increase. Our pols twist the numbers to suit themselves, both parties, and until we accept that we will continued to be manipulated and no solution will ever be attained.

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JerryfromRI

Mar-24-13 3:27 PM

Actually, it was Al Gore who warned us the SS moneys were not in a lock box.

I suspect you didn't vote for Al and instead voted for that other guy. Did that other guy put the SS moneys in a lock box?

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eriklatranyi

Mar-24-13 5:01 PM

Jerry:

Yes, the lock box does not exist. This is the exact same problem as Pennsylvania not funding pensions as they promised.

The lesson: do not trust gov't with anything important to you personally.

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JerryfromRI

Mar-24-13 5:58 PM

Wait, did you Erik vote for the guy who wanted the lock box?

I'm trying to understand where we went off course and I know I did voted for the lock box guy. So, did you vote for the lock box guy Erik?

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JerryfromRI

Mar-25-13 5:14 PM

@Bobbie2

"Hey Jerr the dolt how much did you have invested with Bernie Madoff?"

Hey Bobbie. Supppppp?

I see you're sticking with the insults. You should check out thesaurus [dot] com, maybe mix it up a bit. You at risk of becoming stale.

To answer your question, nothing.

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JerryfromRI

Mar-26-13 2:19 PM

"you prefer pudden-head?"

You weave insults like an artist paints with oils. Go for it man, insult up a masterpiece.

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ajb8771

Mar-27-13 5:33 PM

The economy is not dead as the new jobs numbers are starting to show promise of improving. Consumer confidence is going up. I don't make these numbers up. Also, for those who attacked the comment on SS...tally all the money that you pay into SS in a year and multiply by about 35. The average retiree is pulling at least 2-3x what they put in or MORE! The gov't has to make up that difference thus that needs to be CUT! SS is not just for elderly. It is for disabled people too. Since the gov't has relaxed qualifications for being disabled, the number of people has rised exponentially. The SS was created in the 30s with 19 people paying in for every one pulling out. It is now 2:1. This math will not be sustainable. Tax hawks don't like any tax hike so I won't win here. I think that ALL people need to do more with less so that we can move toward a balanced budget...and by the way, I consider myself a Reagan Democrat (moderate economically, socially liberal).

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ajb8771

Mar-27-13 5:41 PM

And for those who don't want to cut SS, then I want permission to not pay in and invest my money elsewhere...because I'm not going to see it 40 years from now. The other option is to raise retirement age due to average life expectancy rising into the mid 80s...your choice.

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