From the graphs I provided, it is clear that as spending declined so did the deficit, so did the debt. It was the biggest contributor to both. The US was manufacturing war machines to go around the world; when that monumental effort ended the deficit dropped hard. Furthermore, I think you need to be introduced to Ida May Fuller. I'm surprised anyone believes in the trust fund. It's like saying the government makes money off itself. Companies do not indebt themselves (except the Federal Reserve). They buy capital and pay back their debt. That's why my federal debt is only in the $13 trillion mark. Medicare and Medicaid need their priorities reconsidered. But trying to get 5 million undocumented immigrants to pay taxes isn't going to solve the issue.
No, your graphs don't make this clear at all. What is absolutely undeniable is that it was the combination of tax hikes and spending cuts that eliminated the deficit after the war. It is simple math. You're welcome to argue against math, but you will lose every time. Social Security is social insurance. As with every other insurance product, some people get more in benefits than they pay in while others get less. While I agree that there are some issues with SS that need to be resolved, these issues can be solved with relatively minor tweaks. The government is not a corporation. The trust fund was created by decree of Congress, which allowed the cash reserves to be spent while the trust fund holds the US Treasuries, earning interest. Your unwillingness to read the link I've posted for you twice is telling. You don't seem interested in actually learning how it works, instead thinking that "Ida May Fuller" is all you need to debunk the whole idea of the trust fund. The vast majority of undocumented immigrants are already paying taxes even though they will never see benefits.
As soon as spending went down so did the deficit. Tax rate had already been increasing but there were no noticeable spikes in deficit due to taxes. There is an actual difference in the two federal debt figures because of what is marketable and what is not. SS indebting Medicare and Medicaid means the debt is closer to $13 trillion. The money SS makes must be transferred through debt incurred by those two programs. That is essentially what Enron tried to do
Signed my parents up for plans this year. They would have paid $1200.00 a month but with the ACA tax credit subsidies they will only pay $450 a month!
moron? really? Norway 1912 Single Payer New Zealand 1938 Two Tier Japan 1938 Single Payer Germany 1941 Insurance Mandate Belgium 1945 Insurance Mandate United Kingdom 1948 Single Payer Kuwait 1950 Single Payer Sweden 1955 Single Payer Bahrain 1957 Single Payer Brunei 1958 Single Payer Canada 1966 Single Payer Netherland 1966 Two-Tier Austria 1967 Insurance Mandate United Arab Emirates 1971 Single Payer Finland 1972 Single Payer Slovenia 1972 Single Payer Denmark 1973 Two-Tier Luxembourg 1973 Insurance Mandate France 1974 Two-Tier Australia 1975 Two Tier Ireland 1977 Two-Tier Italy 1978 Single Payer Portugal 1979 Single Payer Cyprus 1980 Single Payer Greece 1983 Insurance Mandate Spain 1986 Single Payer South Korea 1988 Insurance Mandate Iceland 1990 Single Payer Hong Kong 1993 Two-Tier Singapore 1993 Two-Tier Switzerland 1994 Insurance Mandate Israel 1995 Two-Tier
I'm sorry you're too deluded to notice, but I showed a graph which showed revenues increasing dramatically starting in 1942. Without this increase, the deficit would have been even bigger than it was already because of war spending. Thus, as I have been saying, it was the combination of higher taxes AND lower spending that closed the deficit. Your choice to ignore one side of the equation doesn't eliminate that side, it just means you have chosen to wear ideological blinders. Again, you could actually learn about how all this works by simply clicking on the link and reading. Your assumptions are incorrect.
China, Cuba , Viet Nam, Democratic People's Republic of Korea, Laos? or depending on your definition, every government in the world that provides any social welfare.
Apologies for being away from the thread for so long -- I had other obligations. First, let's stop majoring on the minors. Regardless of whether the deficit is going down at a a faster or slower rate, we are still running a deficit and the debt is rising dramatically. Second, solving the health care dilemma, not deficit/debt, via a fair compromise is my primary focus. Both sides must give ground to gain ground. My proposals in the OP were designed to provide a starting point rather than a finished solution. Can we get back to that?
So the argument is India and China are major countries and they guarantee health care or they are not major countries? How does one qualify guarantee? Russia's is worthless.
In 1942 taxes may have dramatically starting increasing but right after the war the deficit dramatically dropped - due to lack of spending. Don't believe me that Medicare and Medicaid are the biggest drivers of the national debt? Here is what Obama has to say: It is clear as day that any surplus in the SS trust fund goes directly to purchase debt issued by Medicare and Medicaid. or some other government program This is why the US national debt is closer to $13 trillion than it is $18 trillion.
Is there a difference between health care and medical care? Say, if I break my leg, I cannot be garunteed health care?
Not that much worse than vague absolutism. Developed would have probably been a more accurate term than major, under which India, Russia and China very reasonably fall.
Oh now I totally understand what he meant ~ thank god you spelled it out, couldn't have inferred that otherwise.
The deficit dropped due to the combination of reduced war spending along with the increased revenues from the tax hike. Claiming otherwise is arguing against mathematics. No, the SS trust fund is invested in US Treasuries, not "debt issued by Medicare and Medicaid." You can learn all about it, I provided a link that you refuse to click on and read.
