View Single Post
  #5   Report Post  
Old November 17th 09, 07:28 PM posted to rec.radio.shortwave,alt.politics.economics,alt.politics.libertarian,alt.politics.usa.constitution,alt.rush-limbaugh
Michael Coburn Michael Coburn is offline
external usenet poster
 
First recorded activity by RadioBanter: Oct 2008
Posts: 28
Default (OT) : Obama-RegimeŠ Exposes "TheMyth" of a Social Security Trust Fund

On Tue, 17 Nov 2009 05:26:17 -0800, dave wrote:

Michael Coburn wrote:
On Mon, 16 Nov 2009 18:58:48 -0800, RHF wrote:

- LIE.
So there will be NO $500B Cut in Medicare Services as Prez Obama has
said many times over again ? ? ?



You are lying. Show us where Obama has said at any time the there
would be a "$500B Cut in Medicare Services". Since you claim he has
said it "many times over" then please google it up and give us a link
right here

----




$500B over ten years is $50B/year. They have already identified that
much in waste and fraud this year.


You notice how the Republicans started the 10 year forecasting especially
for the purpose of making the numbers much more scary. The truth is that
NO budgets can be forecast in excess of about 3 years. Legislation can
be altered with each new congressional session with the cooperation of
the president. NO person can predict the future. In 1997 The CBO
estimated that the balanced budget of 1999 would be achieved in 2002.
The Republican BUBBLE caused by the 1997 tax cuts for the rich increased
revenues to the extent that the projected balance occurred 3 years early
and the bubble then popped in 2001 and by 2002 the tax cutting thieves
were back in full stride.

--
"Those are my opinions and you can't have em" -- Bart Simpson