Mitch McConnell, (R-Ky) reminds us that the US has a $53Trillion entitlements deficit. The Government has promised $53Trillion more than it will collect to pay benefits to the elderly over the next 50 years or so.
McConnell's warning is not exactly news; Paul Ryan (R-WI) has been talking about it for a couple of years; and the former Comptroller of the Currency has been all over the country talking about it.
Only two things could happen to resolve this: 1) entitlements are reduced, or 2) tax revenues increase.
Enter QueenNancy Pelosi, who likes entitlements (especially and intitlement like large, comfortable Air Force jets at her disposal.)
QueenNancy defends the "stimulus plan"'s $umpty-hundreds of million being spent on birth-control pills.
Aside from the facial inanity of that earmark, a benefit only to certain drug manufacturers and Planned Barrenhood, the Queen might like to ponder the longer-term results of the expenditure: less US taxpayers.
On the one hand, a long-term increase in tax revenues is absolutely critical to maintaining Social Security and Medicare.
On the other hand, The Queen proposes to reduce the number of people PAYING such taxes.
Clearly, foresight is not one of QueenNancy's abilities.
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One step closer to Red China, and so much for "reproductive rights". Oh wait, reproductive rights mean rights to kill babies, not to bring them into the world.
Worker replacement is what the Mexicans are for. Besides, as far as San Fran Nan is concerned, the plates have to remain in the air only another 10-20 years; after that point, she'll be 6 feet under.
One step closer to Red China, and so much for "reproductive rights". Oh wait, reproductive rights mean rights to kill babies, not to bring them into the world.
Exactly. The "reproductive rights" of those of us that CHOOSE to have children will never be respected.
The Government has promised $53Trillion more than it will collect to pay benefits to the elderly over the next 50 years or so.
Just curious: How many trillions of dollars have middle-class taxpayers been soaked for by overpaying Reagan's payroll tax?
"Overpaying," Jay?
Please explain! Curious minds, and all that...
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