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2023 State Of The Union Address

Biden certainly had a lot of fun making fools out of the hecklers. He got them all booing when he said that some of them wanted to "sunset Medicare". After some shouted "Liar!", he swiftly pivoted and said that he welcomed the unanimity that cuts to Medicare were off the table. Pretty good for someone suffering from senile dementia. Then he came up with the best line of the night, turning to McCarthy and quipping:

“I don’t want to ruin your reputation, but I look forward to working with you.”


Nancy Pelosi later commented that she thought the Republicans were actually better behaved than what she saw on a daily basis in the House.
 
Nancy Pelosi later commented that she thought the Republicans were actually better behaved than what she saw on a daily basis in the House.
Regular CSPAN viewers will know what an incredibly low bar that's setting. Today's House sessions are less orderly and purposeful than your average meeting of a high school student government.
 
Mike Pence wants to privatize Social Security, a bad idea that has been around for years. Sure. Hand over SS to the same Wall Street fools that gave us Enron and the sub-prime economic disaster. Lots of greedy money mangers who want big salaries, fees, and bonuses who rarely beat the market. Every gifting scam artist will be trying to get their thieving paws on all that lovely money. I am sure Russian hackers will love this also. What can possibly go wrong?
 
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It's obvious the Republicans can't take care of their own and require the social demonrats to help them.
 
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CBO figures show U.S. discretionary spending for 2023 is $1.6 trillion. The 2023 deficirs are estimated to be $1.2 trillion. SS and Medicare are not discretionary spending. Obviously, balancing the budget with spending cuts alone is impossibe. Unless we slash SS and Medicare deeply. The GOP still operates on the Norquist pledge to never raise taxes for any reason.
Obviously, SS/Medicare/aid are very popular as well as very expensive.
Since FICA is now taking in less money than these programs cost, eventually they will run out of money unless something changes.
There is no way to fix this that is going to be popular. Either you increase FICA or you cut benefits, e.g. by increasing eligibility age.
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Either you increase FICA
Remove the cap on the FICA tax.
And, let in a lot of young immigrants so we have more young people paying into FICA. We need these folks as much as they need us. It's the easiest way to increase the tax base as well as help fill some of the many jobs in healthcare, construction, manufacturing etc. that are currently hard to fill. We simply don't have enough young adults in the country, so why not bring in those who want to join us, sometimes even risking their lives to get here?

I don't understand xenophobes, especially considering that most of us are the products of 1st, 2nd or 3rd generations of immigrants. Of course, it should be legal entry, but currently, it's very difficult to come here legally, even if you have something to offer. That needs to change. Diversity is what made our country successful!
 
Surveys show Biden hit the State of the Union out of the park

Two outlets tracking reactions to Tuesday's State of the Union address show that President Joe Biden's speech was received well by roughly seven in 10 Americans while also moving public opinion in his direction. In fact, both outlets found that Biden's appeal to the country moved the greater public, along with independents and soft partisans in his direction by roughly 20 points or even more.

CNN's poll found that a 72% majority of Americans reacted positively to Biden's address, with the percentage of viewers who said Biden's policies would move the country in the right direction increasing from 52% before the speech to 71% after the speech.

The progressive consortium Navigator Research found even greater movement in a live-reaction dial group gauging how Las Vegas area swing voters and soft partisans responded to the speech in real-time.

Before the speech, just 17% of this presumably persuadable group of voters said the country was "headed in the right direction," but the sentiment got a 38-point bump after the speech to a 55% majority saying things are heading in the right direction.

Biden's favorability rating among the group also got a dramatic nearly 20-point bounce, from 38% pre-speech to 57% post-speech.

Likewise, views of the president's handling of the economy increased roughly 20 points, from 31% approval to 52% approval.

Two topics where President Biden both needed the most improvement with these swingy voters and got it were on questions of whether he's trying to bring people together and if he's up to the job of being president.

In both cases, just 35% of them said pre-speech that Biden sought to bring people together and was up to the job, but he got a post-speech bump of 30 points (65%) on the question of bridge building and 20 points (55%) on the question of being up for the job.
 
Either you increase FICA
Remove the cap on the FICA tax.
That would bring in a lot of money in the short term, but once these people start collecting their increased benefits, you are back at square one. Or worse, as richer people tend to live longer and thus collect social security/Medicare for a longer time.
Unless you want to increase contribution cap but limit benefits, or institute some sort of means testing. Either one would necessitate a major change in social security and Medicare laws.
 
Surveys show Biden hit the State of the Union out of the park

Two outlets tracking reactions to Tuesday's State of the Union address show that President Joe Biden's speech was received well by roughly seven in 10 Americans while also moving public opinion in his direction. In fact, both outlets found that Biden's appeal to the country moved the greater public, along with independents and soft partisans in his direction by roughly 20 points or even more.

CNN's poll found that a 72% majority of Americans reacted positively to Biden's address, with the percentage of viewers who said Biden's policies would move the country in the right direction increasing from 52% before the speech to 71% after the speech.

The progressive consortium Navigator Research found even greater movement in a live-reaction dial group gauging how Las Vegas area swing voters and soft partisans responded to the speech in real-time.

Before the speech, just 17% of this presumably persuadable group of voters said the country was "headed in the right direction," but the sentiment got a 38-point bump after the speech to a 55% majority saying things are heading in the right direction.

Biden's favorability rating among the group also got a dramatic nearly 20-point bounce, from 38% pre-speech to 57% post-speech.

Likewise, views of the president's handling of the economy increased roughly 20 points, from 31% approval to 52% approval.

Two topics where President Biden both needed the most improvement with these swingy voters and got it were on questions of whether he's trying to bring people together and if he's up to the job of being president.

In both cases, just 35% of them said pre-speech that Biden sought to bring people together and was up to the job, but he got a post-speech bump of 30 points (65%) on the question of bridge building and 20 points (55%) on the question of being up for the job.
Interesting, thank you. That's a much larger magnitude than I would have expected.
 
And, let in a lot of young immigrants so we have more young people paying into FICA. We need these folks as much as they need us.
Ever increasing population is not sustainable, and neither is a social safety net that relies on it.
We need to come up with a system that works with a stable population.
In the Left-wing Terrorism thread, there are people going apeshit over 0.13 sq. miles of wooded area (not even parkland, but overgrown ruins of a former prison farm). And yet, much more tree cover in metro Atlanta is lost every year to housing and commercial development, necessitated by ever growing population.

I don't understand xenophobes, especially considering that most of us are the products of 1st, 2nd or 3rd generations of immigrants.
It is a false dichotomy. If anybody wants ant limits to immigration whatsoever, they are dismissed as "xenophobes". I am an immigrant myself, and am not against immigration per se, but we need to approach it sensibly. We do not need millions of bogus asylum seekers (being poor is not a legitimate grounds for asylum!) for example.
This is a discussion for another thread, but I am against mass migration, which is mostly from the third world. The danger is that the very identity of the inflow societies will change with increasing numbers of these immigrants. Just look at Europe and the creeping islamization! The Left loves it, because they think the new mass migrants will become their loyal voters. Also because, let's face it, the far left dislikes people of European descent.
The point is, it's not all or nothing. And the excuse for unlimited migration should not be that we need millions of migrants, as that is as unsustainable as shoring up social security by everybody having a lot of children.

Of course, it should be legal entry, but currently, it's very difficult to come here legally, even if you have something to offer.
There are something like a million people coming here legally, which is enough I think. Fewer than would like to come, surely, that does not mean they should then come illegally, or by pretending they are asylum seekers.

That needs to change. Diversity is what made our country successful!
Some diversity is good, but importing so many people from very different (and often incompatible, see Afghanistan or Somalia) cultures is not a good thing and causes a lot of problems.
Besides, these days, "diversity" is often taken to mean "not white". Just look at people tout diversity on college campuses while they are also vocally and enthusiastically supporting so-called HBCUs which are least diverse colleges in US, unless you redefine "diverse" to mean "not white".
 
Who said anything about increasing benefits?
If you increase FICA limit on contributions, you would automatically increase their benefits. Or am I misunderstanding how social security works, at least currently?
 
Who said anything about increasing benefits?
If you increase FICA limit on contributions, you would automatically increase their benefits. Or am I misunderstanding how social security works, at least currently?
Yes, you are misunderstanding how SS works.
 
Who said anything about increasing benefits?
If you increase FICA limit on contributions, you would automatically increase their benefits. Or am I misunderstanding how social security works, at least currently?
Yes, you are misunderstanding how SS works.
Oh? I think it’s a good quesion…

Currently, there’s a max FICA deduction, and there’s a max Social Security payout.
However, I would not expect them to be linked “automatically,” therefore Zipr would have a point that there is no requirement to raise the max payout. Nevertheless, I think it’s a good question to answer explicitly; do the current laws or do they not automatiically connect changes in collection to changes in payout?
 
Who said anything about increasing benefits?
If you increase FICA limit on contributions, you would automatically increase their benefits. Or am I misunderstanding how social security works, at least currently?
Yes, you are misunderstanding how SS works.
Oh? I think it’s a good quesion…

Currently, there’s a max FICA deduction, and there’s a max Social Security payout.
However, I would not expect them to be linked “automatically,” therefore Zipr would have a point that there is no requirement to raise the max payout. Nevertheless, I think it’s a good question to answer explicitly; do the current laws or do they not automatiically connect changes in collection to changes in payout
FICA impacts working income. I'd say tax that bullshit micro-share transaction stuff a good deal, the trading of a lot of shares at a tiny change in value.

Then add FICA to non-retirement account stock trades above $25k a year. Max benefit is same as actual working income which is aggregated.
 
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