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bacasper
Joined: 26 Mar 2007
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 Posted: Thu Oct 02, 2008 5:20 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| mises wrote: |
Federal defense spending : $587 billion
Federal education spending : $62 billion
Federal Social Security spending : $5 billion |
Given the above, it is obscene that seniors would be asked to delay their retirements to obtain social security benefits. |
The US has 70 trillion dollars of entitlements to pay. |
Break that down for us, Joo. |
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mithridates
Joined: 03 Mar 2003
Location: President's office, Korean Space Agency
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| Posted: Thu Oct 02, 2008 6:13 am Post subject: |
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| Nothing to contribute to the thread, but I like to think of these costs in NASA units/years of almost $20 billion per year. The war in Iraq for example is 0.5 NASA years per month. The $700 billion bailout is NASA times six until 2016, or 1400 rovers on Mars, that sort of thing. |
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Nowhere Man
Joined: 08 Feb 2004
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| Posted: Thu Oct 02, 2008 6:41 am Post subject: ... |
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That's a good point. The defense team likes to attack the space budget.
Mises? |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Oct 02, 2008 7:21 am Post subject: |
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| bacasper wrote: |
| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| mises wrote: |
Federal defense spending : $587 billion
Federal education spending : $62 billion
Federal Social Security spending : $5 billion |
Given the above, it is obscene that seniors would be asked to delay their retirements to obtain social security benefits. |
The US has 70 trillion dollars of entitlements to pay. |
Break that down for us, Joo. |
http://www.boom2bust.com/2008/08/11/oops-us-debt-almost-100-trillion/ |
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Nowhere Man
Joined: 08 Feb 2004
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| Posted: Thu Oct 02, 2008 7:48 am Post subject: ... |
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Joo, that rocks.
Aren't you also frolicking about this forum telling people this will all be solved by killing dependence on oil?
Break it on down, you jive mofo. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Thu Oct 02, 2008 7:52 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| mises wrote: |
Federal defense spending : $587 billion
Federal education spending : $62 billion
Federal Social Security spending : $5 billion |
Given the above, it is obscene that seniors would be asked to delay their retirements to obtain social security benefits. |
The US has 70 trillion dollars of entitlements to pay. |
Break that down for us, Joo. |
http://www.boom2bust.com/2008/08/11/oops-us-debt-almost-100-trillion/ |
OK, so it's mostly Medicare. But that is an open-ended number, while the numbers in the center box above are yearly. It seems that the military budget ought to be close to sufficing for the yearly payments on the entitlements.
I'll choose healthcare over warfare.
Last edited by bacasper on Fri Oct 03, 2008 4:57 am; edited 1 time in total |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Oct 02, 2008 10:29 am Post subject: Re: ... |
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| Nowhere Man wrote: |
That's a good point. The defense team likes to attack the space budget.
Mises? |
What? |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Oct 02, 2008 4:21 pm Post subject: Re: ... |
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| Nowhere Man wrote: |
Joo, that rocks.
Aren't you also frolicking about this forum telling people this will all be solved by killing dependence on oil?
Break it on down, you jive mofo. |
Yes if the US can get oil prices down the US economy will perform at a level that will easily handle the national debt and it probably with a few adjustments would be able to handle entitlements. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Oct 02, 2008 4:22 pm Post subject: |
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| bacasper wrote: |
| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| Joo Rip Gwa Rhhee wrote: |
| bacasper wrote: |
| mises wrote: |
Federal defense spending : $587 billion
Federal education spending : $62 billion
Federal Social Security spending : $5 billion |
Given the above, it is obscene that seniors would be asked to delay their retirements to obtain social security benefits. |
The US has 70 trillion dollars of entitlements to pay. |
Break that down for us, Joo. |
http://www.boom2bust.com/2008/08/11/oops-us-debt-almost-100-trillion/ |
OK, so it'd mostly Medicare. But that is an open-ended number, while the numbers in the center box above are yearly. It seems that the military budget ought to be close to sufficing for the yearly payments on the entitlements.
I'll choose healthcare over warfare. |
Here is more on the problem
http://kr.youtube.com/watch?v=qpU62GzD2tg
| Quote: |
| I'll choose healthcare over warfare.[/ |
The enemy won't. |
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ddeubel
Joined: 20 Jul 2005
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| Posted: Thu Oct 02, 2008 4:46 pm Post subject: |
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Joo wrote,
| Quote: |
| Yes if the US can get oil prices down the US economy will perform at a level that will easily handle the national debt and it probably with a few adjustments would be able to handle entitlements. |
You forgot the part about also having to kill all the Baathists! How naive of you!
DD |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Thu Oct 02, 2008 4:52 pm Post subject: |
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| ddeubel wrote: |
Joo wrote,
| Quote: |
| Yes if the US can get oil prices down the US economy will perform at a level that will easily handle the national debt and it probably with a few adjustments would be able to handle entitlements. |
You forgot the part about also having to kill all the Baathists! How naive of you!
DD |
Well if the Bathists give up their war then their won't be any problem. You ought to blame those at fault. |
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bacasper
Joined: 26 Mar 2007
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| Posted: Fri Oct 03, 2008 5:06 am Post subject: |
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| ddeubel wrote: |
Joo wrote,
| Quote: |
| Yes if the US can get oil prices down the US economy will perform at a level that will easily handle the national debt and it probably with a few adjustments would be able to handle entitlements. |
You forgot the part about also having to kill all the Baathists! How naive of you!
DD |
With the economic situation in the US as it is now, we have all become Take-A-Bathists 
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