O/T: Quote Of THe Day

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QUOTE OF THE DAY
"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history.
There is a tiny splinter group, of course, that believes you can do these things.
Among them are Texas oil millionaires, and an occasional politician or business man and they are stupid."
- Dwight Eisenhower, November 8, 1954
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On 9/4/12 11:36 PM, Lew Hodgett wrote:

National debt 1954: 278 billion social spending 20% of budget national defense almost 60% gov't spent 2% less than it brought in
National debt today: 16,000 billion social spending 61% of budget national defense 22% gov't spends almost twice what it brings in
Things have changed a lot since Eisenhower.
--

-MIKE-

"Playing is not something I do at night, it's my function in life"
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He was the last Republican President who had a surplus in the budget? Since then Republican Presidents have outdone Democrats in the amount of overspending. I am taking the bailouts and TARP as Bush programs, since they were instituted before Obama took the oath of office.
I didn't start this ...
--
Best regards
Han
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On 09/05/2012 05:58 AM, Han wrote:

He was the last president who had a surplus - period! Check the national debt and you'll discover it has increased every year since Ike.
<http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

--
"Socialism is a philosophy of failure,the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery"
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On Wed, 05 Sep 2012 06:20:13 -0700, Doug Winterburn

All these stats are simply interesting footnotes as to what came before and in no way have any bearing on what goes on now.
The changes that have happened since then and the increasing complexities of current life are completely different now compared to then.
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On 9/5/2012 7:29 AM, Dave wrote:

federal financial affairs. It most assuredly does not.
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On Wed, 05 Sep 2012 08:55:56 -0600, Just Wondering

You're absolutely correct, it doesn't. But, what's happened with budgetary concerns back then are not very comparable with what goes on now. The solutions and methods back then would most likely have a disastrous effect if they were implemented these days ~ Much more than many people think it already is.
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On 9/6/2012 12:15 AM, Dave wrote:

quarters, is to substantially reduce federal spending, which cannot be done without cutting into entitlement programs. The longer we wait, the worse the situation will be for our children and grandchildren.
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On Thu, 06 Sep 2012 01:21:38 -0600, Just Wondering

Maybe, but that's a pretty easy statement to say. According to what I've read, Medicare, Medicaid and Social Security took up nearly half of US federal spending in 2004.
A vast number of US citizens use those services. You'd have a pretty difficult time implementing those cuts, the outcry would be consuming. I'm a Canadian, so we're not too much different than you are. The number one concern of Canadians is our health care. I'd guess that most people down in the US feel pretty much the same way.
How exactly would you do that cost cutting without an uprising of some type? As far as I see it, Obama got elected with the support of these same people. As long as they have voting power, you're pretty much stuck with the problems you have. Would that be a fair assessment?
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OK, there are differences between Federal debt and budget deficit. SS is funded outside of the budget, and there is a surplus on the books. I don't quiote understand how the books finagle it, but I am told we need to look at it separately. Social Security is easily funded almost to perpetuity with adjustments to taxation, just like happened before. Perhaps, like before the retirement age for full benefits may need further adjustment, but politically that is not so easy.
Medicare and MedicAid are different, and depend on cost control. It is nonsense that US medical costs are so much higher than that in other countries. I'd like a commission established to look into all the cost factors here, and I'll bet that unnecessary bureaucratic and clerical costs will be a big part. As may be the desire for the biggest, costliest, newest equipment in each doctor's office. Maybe there should be more control (it already exists) as to how many MRI machines there should be per 100,000 population.
--
Best regards
Han
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On 9/6/2012 2:16 AM, Dave wrote:

True, but it's a financial burden that is simply unsustainable long-term.

That may be true. If so, this country is royally screwed.
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On Thu, 06 Sep 2012 01:21:38 -0600, Just Wondering wrote:

If you took SS off the budget, as it used to be, we'd show a surplus. And SS could be fixed with some minor adjustments and show a surplus as well. Of course at that point the politicians would put it back on budget to mask some other spending.
And Medicare could be fixed by extending it to younger healthier people. Getting rid of the MedAdvantage (advantage to the insuranace companies) would help as well, as would allowing negotiations over drug prices (a gift to the drug companies).
I can at least understand those who oppose SS & Medicare on philosophical grounds, even though I disagree with them. But those who say we can't afford them are saying the US is poorer than Canada, Japan, Germany, England, etc., etc.. Oops I forgot - we are!
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"Just Wondering" wrote:

Which also must include the biggest entitlement program of them all, the defense budget.
Probably won't happen with out a fight since representives use it as a way to bring home the bacon to their districts.
Lew
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On 9/6/2012 1:07 PM, Lew Hodgett wrote:

the federal government to provide for the national defense in the category of entitlement programs?
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"Just Wondering" wrote:

Try reality.
Lew
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wrote:

Lew, you really should try it some time. He's right.
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On 9/6/2012 3:29 PM, Lew Hodgett wrote:

http://www.auburn.edu/~johnspm/gloss/entitlement_program : Entitlement program: The kind of government program that provides individuals with personal financial benefits (or sometimes special government-provided goods or services) to which an indefinite (but usually rather large) number of potential beneficiaries have a legal right (enforceable in court, if necessary) whenever they meet eligibility conditions that are specified by the standing law that authorizes the program. The beneficiaries of entitlement programs are normally individual citizens or residents, but sometimes organizations such as business corporations, local governments, or even political parties may have similar special "entitlements" under certain programs. The most important examples of entitlement programs at the federal level in the United States would include Social Security, Medicare, and Medicaid, most Veterans' Administration programs, federal employee and military retirement plans, unemployment compensation, food stamps, and agricultural price support programs.
http://www.wisegeek.com/what-is-an-entitlement-program.htm : An entitlement program can be defined as a governmental mechanism where public funds are given to people because they meet some kind of requirement. One commonly known American example of an entitlement program would be the federal food stamp program, which allows people without sufficient funds to buy food. Another well-known entitlement program is Medicare, although only certain parts of that program actually qualify as entitlements.
http://www.answers.com/topic/entitlement-program : Government program that requires payment to anyone who meets specific qualifications; those who qualify are thus entitled to the payments. Social Security, Medicare, food stamps, etc. are entitlement programs.
http://uspolitics.about.com/od/thefederalbudget/a/Entitlement-Programs-And-Their-Role-In-The-Federal-Budget.htm : What is an entitlement program? It is a program that establishes certain eligibility criteria and anyone fitting that criteria may receive its benefits.
http://wiki.answers.com/Q/List_of_government_entitlement_programs : United States Government Entitlement Programs: 529 or Coverdell Home Mortgage Interest Deduction Hope or Lifetime Learning Tax Credit Student Loans Child and Dependent Care Tax Credit Earned Income Tax Credit Social Security--Retirement & Survivors Pell Grants Unemployment Insurance Veterans Benefits G.I. Bill Medicare Head Start Social Security Disability SSI--Supplemental Security Income Medicaid Welfare/Public Assistance Government Subsidized Housing Food Stamps
Providing for the national defense through a standing military is not an entitlement program.
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"Just Wondering" wrote:

Rubbish. -------------------------------------------------------------------------
More Rubbish. -------------------------------------------------------------------------

More Rubbish. -------------------------------------------------------------------------

More Rubbish.
You forgot the subsidities for the energy industries, the agriculture subsidities including price supports for sugar, etc.
It would appear that your real bitch is you don't qualify for some type of assistance.
Lew
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On 9/7/2012 3:31 PM, Lew Hodgett wrote:

I'd sure like to get the alcohol out of my gas tank.
And with a corn shortage?
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"Richard" wrote in message
I'd sure like to get the alcohol out of my gas tank.
And with a corn shortage?
Who's gift to Big-Ag was that anyway? Wasn't that just one of W's gifts to corporate America?
Dave in Texas
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