.
I am told (by a liberal friend) that the people want their SS and medicare like it is and they won't tolerate a reduction by the Rs.
The Ds do not propose serious "revenue enhancements" to pay for it though. This view leads to no serious reduction in the deficit and, therefore, bankruptcy.
I believe that.
The Rs are opposed to any "revenue enhancements". I am told (by Paul Ryan) that to avoid bankruptcy we will have to drastically cut future medicare benefits for those under 55 .
This view leads to serious difficulty for some of those older folks beginning in 2021.
I believe that, too. But at least it addresses the problem. It also leaves a lot of time to deal with the medicare problem it creates before that problem actually gets here.
I think that the Ds need to propose raising taxes - yes-seriously (and on all of us not just the superrich - that won't get enough) to show that they are as serious as Paul Ryan.
I would then support combining both programs to deal with the fiscal problem.
But if one side is serious about the debt prolem and the other is not, then I will go with the serious side.
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Monday, June 20, 2011
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The Rs want spending cuts, but insist on categorizing a reduction in tax code expenditures, such as removing the Ethanol subsidy, as a tax hike and therefore unacceptable Speaking as a fiscal conservative, and an ex R I would be in favor of doing away with all subsidies in the interest of facilitating less governmental control, AND I would consider it a reduction in spending. If we could apply the saving to the national debt or the budget deficit that would be a plus.
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