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Economist: STOP! The size of the state is growing https://gladerebooted.net/viewtopic.php?f=8&t=1549 |
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Author: | Dash [ Mon Jan 25, 2010 9:10 am ] |
Post subject: | Economist: STOP! The size of the state is growing |
http://www.economist.com/opinion/displa ... d=15330481 Quote: IN THE aftermath of the Senate election in Massachusetts, the focus of attention is inevitably on what it means for Barack Obama. The impact on the Democratic president of the loss of the late Ted Kennedy’s seat to the Republicans will, no doubt, be significant (see article). Yet the result could be remembered as a message more profound than the disparate mutterings of a grumpy electorate that has lost faith in its leader—as a growl of hostility to the rising power of the state. America’s most vibrant political force at the moment is the anti-tax tea-party movement. Even in leftish Massachusetts people are worried that Mr Obama’s spending splurge, notably his still-unpassed health-care bill, will send the deficit soaring. In Britain, where elections are usually spending competitions, the contest this year will be fought about where to cut. Even in regions as historically statist as Scandinavia and southern Europe debates are beginning to emerge about the size and effectiveness of government. There are good reasons, as well as bad ones, why the state is growing; but the trend must be reversed. Doing so will prove exceedingly hard—not least because the bigger and more powerful the state gets, the more it tends to grow. But electorates, as in Massachusetts, eventually revolt; and such expressions of voters’ fury are likely to shape politics in the years to come. Quote: The Economist will return to these areas in coming months. All raise different issues; and different countries may need to deal with them in different ways. But one large general point links them: a great battle about the state is brewing. And, as in another influential revolution, the first shot may have been heard in Massachusetts. Read the rest at the link |
Author: | Kaffis Mark V [ Mon Jan 25, 2010 9:35 am ] |
Post subject: | |
Heh. If the Swedes are starting to question the utility of a spendy-big government, then you know something's afoot. |
Author: | Xequecal [ Mon Jan 25, 2010 12:26 pm ] |
Post subject: | Re: Economist: STOP! The size of the state is growing |
As I've said before, it's meaningless as long as the anti-tax movement remains a bunch of NIMBY complainers that insist that only things that don't affect them be cut. Without massive cuts to Social Security or Medicare, the government can not possibly eliminate its debt, and we both know that those cuts will never, ever happen. |
Author: | Elmarnieh [ Mon Jan 25, 2010 12:57 pm ] |
Post subject: | Re: Economist: STOP! The size of the state is growing |
Xequecal wrote: As I've said before, it's meaningless as long as the anti-tax movement remains a bunch of NIMBY complainers that insist that only things that don't affect them be cut. Without massive cuts to Social Security or Medicare, the government can not possibly eliminate its debt, and we both know that those cuts will never, ever happen. This is not representative of the tea party movement. |
Author: | Xequecal [ Mon Jan 25, 2010 1:03 pm ] |
Post subject: | Re: Economist: STOP! The size of the state is growing |
If you did a poll asking "should the government implement steep cuts to Medicare and/or Social Security in order to balance the budget" I would be very surprised if 20% of the respondents said yes. In my experience, the people vocally complaining about government spending are just complaining without offering any real solutions, none of them want to cut those two programs and none of them are willing to accept that eliminating the debt is impossible without doing so. You have liberals which tend to be younger who like UHC and social programs, they will vehemently oppose any cuts. Older conservatives might understand on some level that the programs need to be cut, but they're not about to **** themselves out of a guaranteed paycheck, especially after paying into these programs for decades. |
Author: | Elmarnieh [ Mon Jan 25, 2010 1:07 pm ] |
Post subject: | Re: Economist: STOP! The size of the state is growing |
Xequecal wrote: If you did a poll asking "should the government implement steep cuts to Medicare and/or Social Security in order to balance the budget" I would be very surprised if 20% of the respondents said yes. In my experience, the people vocally complaining about government spending are just complaining without offering any real solutions, none of them want to cut those two programs and none of them are willing to accept that eliminating the debt is impossible without doing so. You have liberals which tend to be younger who like UHC and social programs, they will vehemently oppose any cuts. Older conservatives might understand on some level that the programs need to be cut, but they're not about to **** themselves out of a guaranteed paycheck, especially after paying into these programs for decades. This is not representative of the tea party movement. I've heard several times from people near or at retirement they would give up their SS if the system would just shut down. |
Author: | Corolinth [ Mon Jan 25, 2010 2:27 pm ] |
Post subject: | |
The beauty of Social Security is that sufficient support for shutting it down will never exist. There is and always will be an overwhelming majority of voters (actual voters, not theoretical people over the age of 18 voters) who are already too deeply invested in the system. |
Author: | Diamondeye [ Mon Jan 25, 2010 3:21 pm ] |
Post subject: | Re: |
Corolinth wrote: The beauty of Social Security is that sufficient support for shutting it down will never exist. There is and always will be an overwhelming majority of voters (actual voters, not theoretical people over the age of 18 voters) who are already too deeply invested in the system. FDR designed it that way. Of course, a lot of those invested in the system are starting to believe they really aren't because there will be nothing left for them anyhow. |
Author: | Khross [ Mon Jan 25, 2010 3:29 pm ] |
Post subject: | Re: Economist: STOP! The size of the state is growing |
One of the people I talk to a lot at work is a delivery worker. He's an internal courier. He's 56 and will retire this year after putting 40 years in here. His salary is rather pitiful, but after 40 years, he'll get 60% plus his Health Insurance for the rest of his life. His rather pitiful 60%, however, is enough that personal income taxes will consume 100% of his social security when we're allowed to withdraw at ... 70. |
Author: | Timmit [ Mon Jan 25, 2010 3:34 pm ] |
Post subject: | |
They can cut my Social Security right now if they refund the money I've paid into it up until now. They don't even have to pay me interest...although if they want to I wouldn't say no... |
Author: | Beryllin [ Mon Jan 25, 2010 3:36 pm ] |
Post subject: | Re: |
Timmit wrote: They can cut my Social Security right now if they refund the money I've paid into it up until now. They don't even have to pay me interest...although if they want to I wouldn't say no... GOOMH!!!!!!! My opinion on it exactly! |
Author: | Screeling [ Mon Jan 25, 2010 3:48 pm ] |
Post subject: | |
Honestly, they can keep the money they've jacked me for. Just let me pull out now so I can invest the money on my own. |
Author: | Dash [ Mon Jan 25, 2010 3:51 pm ] |
Post subject: | |
I'd be shocked if that were possible to pull out. I mean yeah I'd opt out today too if I got my money back but I'm sure my money is already spent. I'm also sure I'm subsidizing ... whoever... that didnt pay into it but gets out from it, as usual. I'd love to be proven wrong but I cant see anyone successfully cutting entitlements to a significant degree. Which of course is why democrats just want their foot in the door on healthcare. Once it's in it's in. |
Author: | DFK! [ Mon Jan 25, 2010 3:51 pm ] |
Post subject: | Re: |
Screeling wrote: Honestly, they can keep the money they've jacked me for. Just let me pull out now so I can invest the money on my own. Yep. |
Author: | Beryllin [ Mon Jan 25, 2010 4:16 pm ] |
Post subject: | Re: |
Screeling wrote: Honestly, they can keep the money they've jacked me for. Just let me pull out now so I can invest the money on my own. Maybe, but I've been paying in for roughly 4 decades. |
Author: | Xequecal [ Mon Jan 25, 2010 4:33 pm ] |
Post subject: | Re: Re: |
Diamondeye wrote: Corolinth wrote: The beauty of Social Security is that sufficient support for shutting it down will never exist. There is and always will be an overwhelming majority of voters (actual voters, not theoretical people over the age of 18 voters) who are already too deeply invested in the system. FDR designed it that way. Of course, a lot of those invested in the system are starting to believe they really aren't because there will be nothing left for them anyhow. It's going to be funded by inflating our way out of it, which is still preferable to abolishing it for most of the voter base, as will spread the misery amongst everyone in the country, rather than concentrating it amongst the recipients only. |
Author: | Elmarnieh [ Mon Jan 25, 2010 4:40 pm ] |
Post subject: | |
You can get out at any time. Become Amish. |
Author: | Rafael [ Mon Jan 25, 2010 5:20 pm ] |
Post subject: | Re: Re: |
Xequecal wrote: Diamondeye wrote: Corolinth wrote: The beauty of Social Security is that sufficient support for shutting it down will never exist. There is and always will be an overwhelming majority of voters (actual voters, not theoretical people over the age of 18 voters) who are already too deeply invested in the system. FDR designed it that way. Of course, a lot of those invested in the system are starting to believe they really aren't because there will be nothing left for them anyhow. It's going to be funded by inflating our way out of it, which is still preferable to abolishing it for most of the voter base, as will spread the misery amongst everyone in the country, rather than concentrating it amongst the recipients only. Except monetizing debt doesn't do that. It will not be spread evenly. It will be paid for in greatest by those who rely on SS to supplement their retirement. |
Author: | Xequecal [ Mon Jan 25, 2010 5:58 pm ] |
Post subject: | Re: Re: |
Rafael wrote: Except monetizing debt doesn't do that. It will not be spread evenly. It will be paid for in greatest by those who rely on SS to supplement their retirement. SS payments are adjusted for inflation, so people relying on SS won't feel it. Of course, that means the government needs to print twice as much money to inflate our way out of it, which means the people still working will get the whole hit. |
Author: | Rafael [ Mon Jan 25, 2010 6:12 pm ] |
Post subject: | |
No it's not. It's adjusted for the CPI. |
Author: | Diamondeye [ Mon Jan 25, 2010 7:03 pm ] |
Post subject: | Re: Re: |
Xequecal wrote: It's going to be funded by inflating our way out of it, which is still preferable to abolishing it for most of the voter base, as will spread the misery amongst everyone in the country, rather than concentrating it amongst the recipients only. I don't think more than a handful of people are in favor of this plan because it "spreads the misery". That would require that the voter not only be informed about the issue, but intentionally choosing an inferior course of action both for himself and everyone else out of sheer spite. |
Author: | Rafael [ Mon Jan 25, 2010 9:45 pm ] |
Post subject: | |
DE, I believe Xeq's stance would most likely be that the voter would simply choose it out of ignorance. |
Author: | Rorinthas [ Mon Jan 25, 2010 9:55 pm ] |
Post subject: | Re: Re: |
Beryllin wrote: Screeling wrote: Honestly, they can keep the money they've jacked me for. Just let me pull out now so I can invest the money on my own. Maybe, but I've been paying in for roughly 4 decades. But do you really believe you'll see it? I don't I consider it gone, just extra income tax. |
Author: | Beryllin [ Mon Jan 25, 2010 10:27 pm ] |
Post subject: | Re: Re: |
Rorinthas wrote: Beryllin wrote: Screeling wrote: Honestly, they can keep the money they've jacked me for. Just let me pull out now so I can invest the money on my own. Maybe, but I've been paying in for roughly 4 decades. But do you really believe you'll see it? I don't I consider it gone, just extra income tax. It's not likely that I will, but I'm not willing to just let myself be robbed of it. They took it with a promise (maybe only implied) that I would get it back at a later date. I expect them to live up to it. |
Author: | Rynar [ Mon Jan 25, 2010 11:38 pm ] |
Post subject: | |
You can't get it without taxing me, however. And I can't afford to pay you anymore. All I can say, is that once Bery's generation is gone, I hope mine has the courage to do what his could not, and disregard the debt that the government owes us in order to free our own children and grandchildren from slavery. |
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