I'm sorry, I might or might not be interested in the subject matter of this story, but I simply cannot get past that errant apostrophe in the headline. Maybe I've graded too many undergrad papers in my life, but I hit that headline the way Wile E Coyote hit that tunnel the Roadrunner drew on the hillside.
No, brother, it's not going to happen in the next 20 years. Over the past 8 years, the strength of the dollar and it's desirability as a reserve currency has only gone up. The percentage of GDP that we have as a national debt is actually quite reasonable, and we're paying zero interest on that debt to boot.
But Social Security has the benefit (get it?) of having a dedicated source of income, the payroll taxes.
As I've said, if you had a million dollars in treasury bonds as an asset, you'd be a millionaire. Social Security has over 3 TRILLION dollars in treasury bonds as an asset. It's not the fault of that program that the government has been raiding it. It doesn't mean the program isn't sound, it means our leaders haven't been sound.
And even with those $3trillion in bonds, Social Security is taking less from the general fund to pay its full benefits than the amount we give oil companies as subsidies in one year. If you just remove the payroll tax cap and have everyone pay the same percentage of their income in payroll taxes that you and I pay, the system will stay sound for a century.
Yeah, I got you, but the rest of the world has already figured out public transportation. And given that the US is the country where every man, woman and child has a god-given right to their own vehicle (and gun), I'd say that if ubiquitous self-driving cars can't make it here, they can't make it anywhere.
Yes...but the point is that it's not just 1000 cars instead of 100 buses. It's 1000 cars instead of 100 buses and some indeterminate number of private cars.
OK, I see. You're counting all the people who now own personal cars and will give them up to use the futuristic self-driving cars instead.
I'll have to think about that. I'm doubtful, given Americans' love affair with their road machines, but maybe the culture could change. I'm afraid it would require creating "autonomous-only" roads though.
When I'm president, we're going to have a terrific Fourth Amendment. I support all of the Amendments. The First Amendment, Third, the Twenty-First. And I support all of the Chapters of all of the Amendments.
Now excuse me while I go sue another newspaper for saying bad things about me.
As far as we know he was only a child molester early in life.
34 years old is not "early in life" And, he went on to become the longest-serving Republican Speaker of the House in history. By the way, have you heard of many serial child molesters who suddenly "cleanup their act" and stop victimizing kids?
You're right, if you spent enough money making public transportation more attractive, more people would use it.
But few communities are going to spend "enough money" (i.e. tens or hundreds of billions of dollars) when people can just take an Uber instead
Uber is a lot more expensive for people to use than public transportation.
In Chicago, getting to the airport on the L train is a couple of dollars. In a Uber, it's a little over 15 times more expensive.
Also, public transportation was already plenty attractive, before GM and Standard Oil conspired to have cities rip out trolley tracks and wiring and convert to gasoline powered buses, and then further conspired to have those bus lines discontinued.
FY2008 was never signed [wikipedia.org], it was submitted but that was it.
It was Bush that submitted it, so it was his budget.
There was no budget at all signed for several years of Obama's presidency. Does that mean that there was no deficit those years or that Obama isn't responsible for it?
I do actually firmly believe, that if Obama had his way and could do it legally with the stroke of a pen, he would disarm the general public immediately.
He's been President going on eight years. What was the #1 thing Obama has done to take your guns away?
Cool so the Social Security trust fund bonds aren't a debt? The Federal Government doesn't have to pay that back?
Of course it's a debt. We have a fiat currency, so everything is a debt. The crumpled bills in your pocket are a debt.
The points are, that Social Security did not cause the debt. Your statement that Social Security represents the biggest part of the debt was a falsehood. You don't know the difference between being in debt and holding a debt. That the debt that the Social Security trust fund (yes, it exists) holds is in Treasury obligations, which are the most secure instruments in the world. If you had a million dollars in Treasury bills, you would consider yourself a millionaire. Well, Social Security has over three trillion dollars worth of them.
Social Security is the most successful program the US government has ever had. There was no American middle class until Social Security existed. There was just the rich, a merchant class and workers who mostly died in poverty. And if you're worried about the rising costs of Social Security, there's an easy fix: remove the payroll tax cap. Make high-income earners pay the same percentage on the same percentage of their income to Social Security. That crates a surplus in the fund, forever.
Subtract the previous year from the year before to get the amount the debt is increasing. You'll see it's in line with my claims.
You'll also see that the year the debt increased the most was the year of George W. Bush's last budget. The budget deficit has been dropping under Obama. No matter how you do the math.
Further, when you look at the total debt as a percentage of GDP, you'll see that's dropping, too.
Slashdot Mirror
2525: https://youtu.be/zKQfxi8V5FA
I'm sorry, I might or might not be interested in the subject matter of this story, but I simply cannot get past that errant apostrophe in the headline. Maybe I've graded too many undergrad papers in my life, but I hit that headline the way Wile E Coyote hit that tunnel the Roadrunner drew on the hillside.
I know this is true because my wife told me she'll kill me if I get fat.
No, brother, it's not going to happen in the next 20 years. Over the past 8 years, the strength of the dollar and it's desirability as a reserve currency has only gone up. The percentage of GDP that we have as a national debt is actually quite reasonable, and we're paying zero interest on that debt to boot.
But Social Security has the benefit (get it?) of having a dedicated source of income, the payroll taxes.
As I've said, if you had a million dollars in treasury bonds as an asset, you'd be a millionaire. Social Security has over 3 TRILLION dollars in treasury bonds as an asset. It's not the fault of that program that the government has been raiding it. It doesn't mean the program isn't sound, it means our leaders haven't been sound.
And even with those $3trillion in bonds, Social Security is taking less from the general fund to pay its full benefits than the amount we give oil companies as subsidies in one year. If you just remove the payroll tax cap and have everyone pay the same percentage of their income in payroll taxes that you and I pay, the system will stay sound for a century.
Yeah, I got you, but the rest of the world has already figured out public transportation. And given that the US is the country where every man, woman and child has a god-given right to their own vehicle (and gun), I'd say that if ubiquitous self-driving cars can't make it here, they can't make it anywhere.
It's up to you, New York, New York!
OK, I see. You're counting all the people who now own personal cars and will give them up to use the futuristic self-driving cars instead.
I'll have to think about that. I'm doubtful, given Americans' love affair with their road machines, but maybe the culture could change. I'm afraid it would require creating "autonomous-only" roads though.
When I'm president, we're going to have a terrific Fourth Amendment. I support all of the Amendments. The First Amendment, Third, the Twenty-First. And I support all of the Chapters of all of the Amendments.
Now excuse me while I go sue another newspaper for saying bad things about me.
It was a state by state poll. I wish I could find it now.
That was my point, Chris.
1000 self-driving cars will cost more to buy, more to maintain, and more to operate than 100 buses.
You'll have 4000 tires, instead of 400. You'll have 1000 motors instead of 100. 1000 computers instead of 100.
Also, your ratios depend on cars vs buses. If you have cars vs light rail, the ratio goes up to at least 100:1
More police are shot by whites than by blacks in the United States.
34 years old is not "early in life" And, he went on to become the longest-serving Republican Speaker of the House in history. By the way, have you heard of many serial child molesters who suddenly "cleanup their act" and stop victimizing kids?
http://www.chicagotribune.com/...
So if I don't vote for either, is that the same as voting for both?
Fuck Hillary. I'm not voting for her.
I'm making the world a better place by ridiculing Trump and the Trumpkinder GOP.
Speaker Ryan's not all that bad. He's nowhere near as bad as one of his predecessors, Dennis Hastert, who was a literal child molestor.
I find this kind of creepy. Couldn't it at least have been ".org"?
Uber is a lot more expensive for people to use than public transportation.
In Chicago, getting to the airport on the L train is a couple of dollars. In a Uber, it's a little over 15 times more expensive.
Also, public transportation was already plenty attractive, before GM and Standard Oil conspired to have cities rip out trolley tracks and wiring and convert to gasoline powered buses, and then further conspired to have those bus lines discontinued.
Speaker Ryan has announced that the House of Representatives will be conducting hearings into whether or not Hillary Clinton is in fact D.B. Cooper.
It was Bush that submitted it, so it was his budget.
There was no budget at all signed for several years of Obama's presidency. Does that mean that there was no deficit those years or that Obama isn't responsible for it?
He's been President going on eight years. What was the #1 thing Obama has done to take your guns away?
Of course it's a debt. We have a fiat currency, so everything is a debt. The crumpled bills in your pocket are a debt.
The points are, that Social Security did not cause the debt. Your statement that Social Security represents the biggest part of the debt was a falsehood. You don't know the difference between being in debt and holding a debt. That the debt that the Social Security trust fund (yes, it exists) holds is in Treasury obligations, which are the most secure instruments in the world. If you had a million dollars in Treasury bills, you would consider yourself a millionaire. Well, Social Security has over three trillion dollars worth of them.
Social Security is the most successful program the US government has ever had. There was no American middle class until Social Security existed. There was just the rich, a merchant class and workers who mostly died in poverty. And if you're worried about the rising costs of Social Security, there's an easy fix: remove the payroll tax cap. Make high-income earners pay the same percentage on the same percentage of their income to Social Security. That crates a surplus in the fund, forever.
You don't know how fiscal years work.
This is from the site you provided yourself:
https://www.treasurydirect.gov...
Subtract the previous year from the year before to get the amount the debt is increasing. You'll see it's in line with my claims.
You'll also see that the year the debt increased the most was the year of George W. Bush's last budget. The budget deficit has been dropping under Obama. No matter how you do the math.
Further, when you look at the total debt as a percentage of GDP, you'll see that's dropping, too.
You think multinational corporations are going to be swayed by somebody hollering at them?
Now you make a good point.