DKW 86 7,411 Posted February 9, 2016 Share Posted February 9, 2016 http://www.thefiscaltimes.com/Columns/2016/02/09/Why-Working-Class-Choosing-Trump-and-Sanders Donald Trump recently defended Social Security, Medicare, and Medicaid: “Every Republican wants to do a big number on Social Security, they want to do it on Medicare, they want to do it on Medicaid. And we can’t do that. And it’s not fair to the people that have been paying in for years and now all of the sudden they want to be cut.” Link to comment Share on other sites More sharing options...
homersapien 11,354 Posted February 9, 2016 Share Posted February 9, 2016 Good analysis. I liked the emphasis on personal security and confidence. While Obama has done a reasonably good job of re-establishing the economic status-quo ante since the financial crisis, the status quo ante is the problem. Link to comment Share on other sites More sharing options...
Guest NC1406 Posted February 10, 2016 Share Posted February 10, 2016 That is a nice article. It touches on the idea that people have been paying into a "shared" system (SS, Medicare,etc) and don't want to give up the benefits they have funded. The truth is these systems are paying out more than they are taking in. Someone has to pay the piper eventually. We are just arguing over who has to pay. Madoff finally spent time for his ponzi scheme, the perpetrators in these schemes are and will be long gone when the "chickens come home to roost". The new hope is that we can tax the successful businesses and individuals to a point we are all equally pained. Then it comes down to hoping the successful and productive will not revolt. Probably the best bet by the political class but productivity is going to suffer. Get your essentials and then buy your puts and hope the counter party is forced to pay. Link to comment Share on other sites More sharing options...
cptau 169 Posted February 10, 2016 Share Posted February 10, 2016 That is a nice article. It touches on the idea that people have been paying into a "shared" system (SS, Medicare,etc) and don't want to give up the benefits they have funded. The truth is these systems are paying out more than they are taking in. Someone has to pay the piper eventually. We are just arguing over who has to pay. Madoff finally spent time for his ponzi scheme, the perpetrators in these schemes are and will be long gone when the "chickens come home to roost". The new hope is that we can tax the successful businesses and individuals to a point we are all equally pained. Then it comes down to hoping the successful and productive will not revolt. Probably the best bet by the political class but productivity is going to suffer. Get your essentials and then buy your puts and hope the counter party is forced to pay. Back in the sixties these programs ran a large funding surplus that could have been invested, etc, but the politicians just spent it. Link to comment Share on other sites More sharing options...
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