obamacare death watch

[Danzig]

http://news.msn.com/us/last-minute-o...canceled-plans

obama continues to find ways to wound his signature legislation. how many blows can it take before it dies?

[randallscott35]

Tough to admit failure.

[GenuineRisk]

It's a lucky thing for the elderly that Social Security wasn't created in the age of the Internet. That was a crap program when it started- huge numbers of workers weren't covered by it. But after several decades of tinkering, it turned into the lean, efficient, lifesaving program it is (and it's not in financial trouble. Medicare, whole different story, mainly because health care is too expensive here, but SS is fine.)

The ACA is brand new, major legislation. It's going to take years to fix the issues that will come up. But the GOP is frantic to kill it before it's instituted, because they're afraid once it's in place it'll deliver electoral seats to the Democrats for decades. I don't know why they're worried. Americans have the long-term memory of a gadfly (see the lionization of Ronald Reagan); I'm sure the GOP will figure out a way to take credit for the ACA.

[randallscott35]

SS is a ponzi scheme plain and simple. They are not sustainable. Benefits will be cut or the ages will be raised. I fail to see that as successful.

[randallscott35]

Take a look at those outlays for the awful boomer generation in the 20's....not gonna happen.

http://www.zerohedge.com/contributed...other-29-crash

[jms62]

Originally Posted by randallscott35

Take a look at those outlays for the awful boomer generation in the 20's....not gonna happen.

http://www.zerohedge.com/contributed...other-29-crash

The world-wide banking system is a Ponzi scheme if you really want to nit-pick. SS would be in a hell of a lot better shape if the government wasn't allowed to loot it and replace assets with IOU's. What other option is there? Let Wallstreet run it and loot it for billions?

[Danzig]

Originally Posted by GenuineRisk

It's a lucky thing for the elderly that Social Security wasn't created in the age of the Internet. That was a crap program when it started- huge numbers of workers weren't covered by it. But after several decades of tinkering, it turned into the lean, efficient, lifesaving program it is (and it's not in financial trouble. Medicare, whole different story, mainly because health care is too expensive here, but SS is fine.)

The ACA is brand new, major legislation. It's going to take years to fix the issues that will come up. But the GOP is frantic to kill it before it's instituted, because they're afraid once it's in place it'll deliver electoral seats to the Democrats for decades. I don't know why they're worried. Americans have the long-term memory of a gadfly (see the lionization of Ronald Reagan); I'm sure the GOP will figure out a way to take credit for the ACA.

i know repubs want to kill it. but it won't help if democrats start pulling apart the aca a piece at a time.
they had years to get this right; it's been a huge mess. these different 'fixes' could make it worse.

why, why, why did they not just put everyone on medicare?

[joeydb]

Originally Posted by GenuineRisk

It's a lucky thing for the elderly that Social Security wasn't created in the age of the Internet. That was a crap program when it started- huge numbers of workers weren't covered by it. But after several decades of tinkering, it turned into the lean, efficient, lifesaving program it is (and it's not in financial trouble.

Still waiting for the punch line on this one.

[Danzig]

Originally Posted by joeydb

Still waiting for the punch line on this one.

why, you think it's a joke?
you don't think social security has been a life saver for many? i don't think any issues with social security are due to the program itself. there are problems due to the politicians raiding it for other programs, but that's certainly not ss's fault.

[dellinger63]

Originally Posted by Danzig

why, you think it's a joke?
you don't think social security has been a life saver for many? i don't think any issues with social security are due to the program itself. there are problems due to the politicians raiding it for other programs, but that's certainly not ss's fault.

It's a joke because like Ponzi's bank account the SS Trust Fund has little to no money in it and like Ponzi any hope of being repaid solely relies on bringing in new suckers/SS wage deductions. And you're right, the politicians, like Ponzi have stolen/used the funds for things long gone.

Ponzi was discovered and stopped. SS continues by law and us suckers continue to allow the politicians to raid it. Close to all of it.

What portion of the almost three trillion owed to SS Trust Fund in the form of IOU's is interest on the money 'raided'?

Surely we won't borrow money to pay interest?