GOP Tax Bill: Senate bill approved 1am 12/20; House bill approved; POTUS signs bill into law

Discussion in 'Higher Learning' started by The Black Panther, Oct 26, 2017.

  1. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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    Facts.

    It is a problem that military spending is 57% of discretionary spending , tho.
     
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  2. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    I believe this makes them more problematic/concerning, not less...:patrice:
     
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  3. Hood Critic

    Hood Critic The Power Circle

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  4. Pressure

    Pressure #PanthersPosse Supporter

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    He's not wrong, however SS is merely us getting money back that we set aside in its simplest form.

    That's why it's mandatory spending.
     
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  5. Hood Critic

    Hood Critic The Power Circle

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    From an ideological standpoint, yes.

    We could potentially fix the issue with making them all mandatory and modifying the formulas to calculate their budgetary needs and growth; or simply remove any mandatory items. The latter again becomes a debate of ideology.
     
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  6. Hood Critic

    Hood Critic The Power Circle

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    Good point.
     
  7. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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    Hopefully this won't derail too much into discussing healthcare, but the distinction between mandatory and discretionary spending was one of the key aspects of healthcare reform many people missed.

    Because such a large portion of our mandatory spending is allotted to healthcare, having an apparatus that could control costs and incentivize health care providers to keep prices low is crucial. The ACA was the first step of establishing that apparatus, but stupid people failed to see that. :francis:

    People like @DEAD7 believe "choice" should take primacy, but honestly there's no point in pushing choice when there's nothing to control prices in a fragmented private market. :kanyebp:
     
    Last edited: Oct 26, 2017
  8. 88m3

    88m3 Fast Money & Foreign Objects

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  9. GnauzBookOfRhymes

    GnauzBookOfRhymes Superstar

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    Social Security has a DEDICATED FUNDING SOURCE you fukking idiot. It's not like military spending that is taken from gross tax revenue. If you had a real job you'd see that they deduct social security taxes automatically. That money is then put into a separate account from which current retirees/disabled are paid. This account has traditionally ran huge surpluses, until we decided to raid it to pay for other shyt. At some point in the next 20 years or so the amount of money going into the account will be lower than what goes out in retiree benefits. At that point all that would need to be done to stabilize it forever is increasing the amount of income subject to the tax.

    Anyone who brings up social security as proof that we're overspending should be ignored as they very clearly have no idea what the fuk they're talking about.
     
  10. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    Doesnt this shift the burden(at least in part) of paying current recipients(more than they put in) on todays workforce... who if I'm understanding whats going on(and I may not be) will be facing a negative rate of return when they retire?:ld:
    Edit: found chart for what I was trying to ask
    [​IMG]





    Until govt. decided to govt.:ahh:
    I expect this kind of short sighted irresponsibility from people, which is why I oppose federal programs like SS.
     
    Last edited: Oct 26, 2017
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  11. GnauzBookOfRhymes

    GnauzBookOfRhymes Superstar

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    [​IMG]

    Why would you comment so definitively if as you just admitted you don't even understand how any of this works?

    Are you like this in real life?
     
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  12. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    :ld:







    Yes.:lolbron:
     
  13. GnauzBookOfRhymes

    GnauzBookOfRhymes Superstar

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    You know what would really blow your mind is that your anti immigration views actually make it more likely that we will need to institute huge tax increases in order to make sure that future retirees receive benefits commiserate with how much they've put into the system.

    The dirty open secret (not necessarily among your people) is that one of the major reasons that Europe and the U.S. never seriously cracked down on immigration is that we need their money to shore up our safety nets. Our population growth is not high enough to support the huge SS costs that the baby boomer generation depend on.
     
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  14. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    Is this a yes to my question?:ld:






    ...and for the record i believe we should scrap SS all together.
    But obviously that isnt gonna happen.
     
  15. Tommy Fits

    Tommy Fits Superstar Supporter

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    How would you do this, do you have a plan in mind or you will bring home a few extra bucks in your paycheck so it's up to you to save
     

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