Which party will end up dealing with the looming budget crisis with social security and medicare?

Answer 1

Social Security is not in crisis. The explanation is way too long to go into here but, I suggest you read Alan Greenspan's book. He gives an honest assessment of where we are.

What everyone seems to not understand is that Social Security is NOT a budget line item. The budget borrows money from the account and doesn't return it to out-pace the debt service and administration. But, it is not part of the budget. Nobody gets a chance to vote for or veto it. The media has led everyone to believe otherwise. It's just not true.

Medicare is another matter. It's in serious trouble.

The shear numbers with regard to the potential recipients is staggering. More than 50% of the nation's population will have eligibility in a very short period of time. The baby boomers are geezers and will live longer than their predecessors.

The answer is to get private enterprize involved in funding and administration. They have the money.

So, to answer your question. Which party do you think is best suited to participate with the private sector to get this done?

The Democrats have already put their plan on the table. Just raise taxes on the rich. Do the math. Today's rich, are about to die just when we need their money for medicare. It's an absurd approach with no other goal but to get some lawyers who can't make it in private practice elected to office.

Answer 2

Lets put it this way, When Bill Clinton (Democrat) was President, he not only balanced the budget, but we were in a surplus situation paying off the national debt at a very high rate according to Allen Greenspan (Fed chairman).
Bush and the Republican congress reversed all this with huge tax cuts for the rich,

If they had not done that, we would have been cpmpletely out of daebt by now, he went on to say on "This Week" last Sunday.

So it is easy to figure out which party does best in those fields you noted.

Answer 3

Neither if we people do not start making it an issue. Right now, we have widespread pork barrel spending on both sides of the aisle. Social Security and Medicare have been shelved pending the fight on Health Care. I believe that once we get closer to the election and Newt Gingrich gets going, he will make it a very big issue, as the real conservatives push for fiscal responsibility again.

Answer 4

Every President since Eisenhower has increased the national debt. Even Bill Clinton put us $3Trillion in the hole.

If Hillary is elected she will spend more than Bush has, and all the liberals who are now complaining about the debt will praise Hillary's "courage" for spending more. They will justify it by claiming that she is fixing Bush's errors and the left will swoon.

Taxes will also skyrocket, but they won't be able to keep up with the added spending.

In the end it will be the taxpayer who will have to deal with this crisis.

Answer 5

Well, consider which party created the crisis. The opposite party will have to deal with it.

Answer 6

Depends on who,
1. admits the fact
2.cuts spending,including all the pork
3.slashes foriegn aid

Currently the democrates are yelling about deficits and proposing loads of spending at the same time.

The nation needs a budget manager with the power to say "NO" to spending.

Answer 7

President Bush tried and got shouted down by the Democrats in Congress. Democrats want to maintain the status quo and raise taxes to cover deficits. That is not "dealing" with the problems.

Answer 8

I'd like to say those that prevented this administration from sensibly addressing the problem. But I'm confident they will not address it, and leave it for a time when the voters have had enough, and Congress changes hands again.

Answer 9

Social Security and Medicare need to be abolished, once and for all

The Democrat Party surely isn't going to do it

Answer 10

The first 3rd party to come into power