Romney Picks VP

Mott the Hoople said:
That was my initial knee jerk but no that I think about it. Maybe not. From the electoral stand point Romney was far behind. This is an exciting ticket of two you energetic executives who have demonstrated ability. This isn't no Bush/Cheney. In chess parlance this is called a gambit. A neat bit of strategy by Romney. It's a damned risky one though but what the hell, as is, he was loosing. It will be interesting to see how this works out.

The risk for Romney is that this is an all or nothing gambit. The next move is Obama's. Will he except the gambit or decline it? I'm thinking he'll accept the gambit but that's just common sense. The question I have is strategic. What does Romney have up his sleeve?
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Mott, usually I admire your logic. Not this time though. Why not pick someone moderates could get behind, like Christie?
 
Jarod said:
bad choice Sara Palin type choice for Romney.... Ryan has less experience than Obama had, he has never held statewide office. They guy basically suggested doing away with Medicare and would be the youngest president ever.
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WTF? Ryan has been in the House since 1998, and no, he hasn't suggested doing away with Medicare. His plan is basically the only thing that will save Medicare; if your party has its way, the program will go broke.

You really are morally bankrupt, Jarod.
 
RedString said:
? Are you unaware of what will happen when the “trust” fund is exhausted?

http://www.ssa.gov/oact/trsum/index.html

The Trustees project that Medicare costs (including both HI and SMI expenditures) will grow substantially from approximately 3.7 percent of GDP in 2011 to 5.7 percent of GDP by 2035, and will increase gradually thereafter to about 6.7 percent of GDP by 2086.

The projected 75-year actuarial deficit in the HI Trust Fund is 1.35 percent of taxable payroll, up from 0.79 percent projected in last year’s report. The HI fund again fails the test of short-range financial adequacy, as projected assets are already below one year's projected expenditures and are expected to continue declining. The fund also continues to fail the long-range test of close actuarial balance. The Trustees project that the HI Trust Fund will pay out more in hospital benefits and other expenditures than it receives in income in all future years, as it has since 2008. The projected date of HI Trust Fund exhaustion is 2024, the same date projected in last year's report, at which time dedicated revenues would be sufficient to pay 87 percent of HI costs. The Trustees project that the share of HI expenditures that can be financed with HI dedicated revenues will decline slowly to 67 percent in 2045, and then rise slowly until it reaches 69 percent in 2086. The HI 75-year actuarial imbalance amounts to 36 percent of tax receipts or 26 percent of program cost.
In other words, Medicare benefits WILL be reduced by 13% and the strain on the budget will increase dramatically.

Medicare is already drawing from the treasury SS is paying out more than revenues the revenues coming (it still has a cushion of interst income on the ious, but that means the general fund is now subsidizing SS). ahead of schedule and the dates for trust fund exhaustion keep moving closer and closer. In order to meet the shortfalls we will have to make deep cuts in other programs or raise taxes to a suffocating level.

Democrats are lying about the economic realities. As are Republicans like Mitt, who claim we can increase defense spending without any real cuts in anything else. The longer we wait the more painful it is going to be.
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Are you aware that if the cap on earnings is removed there is no problem?
 
Tom Morello: 'Paul Ryan Is the Embodiment of the Machine Our Music Rages Against'

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Paul Ryan's love of Rage Against the Machine is amusing, because he is the embodiment of the machine that our music has been raging against for two decades. Charles Manson loved the Beatles but didn't understand them. Governor Chris Christie loves Bruce Springsteen but doesn't understand him. And Paul Ryan is clueless about his favorite band, Rage Against the Machine.

Ryan claims that he likes Rage's sound, but not the lyrics. Well, I don't care for Paul Ryan's sound or his lyrics. He can like whatever bands he wants, but his guiding vision of shifting revenue more radically to the one percent is antithetical to the message of Rage.

I wonder what Ryan's favorite Rage song is? Is it the one where we condemn the genocide of Native Americans? The one lambasting American imperialism? Our cover of "Fuck the Police"? Or is it the one where we call on the people to seize the means of production? So many excellent choices to jam out to at Young Republican meetings!

Don't mistake me, I clearly see that Ryan has a whole lotta "rage" in him: A rage against women, a rage against immigrants, a rage against workers, a rage against gays, a rage against the poor, a rage against the environment. Basically the only thing he's not raging against is the privileged elite he's groveling in front of for campaign contributions.
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Voltaire said:
WTF? Ryan has been in the House since 1998, and no, he hasn't suggested doing away with Medicare. His plan is basically the only thing that will save Medicare; if your party has its way, the program will go broke.

You really are morally bankrupt, Jarod.
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Sigh.
 
Rune said:
Are you aware that if the cap on earnings is removed there is no problem?
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I know there is a cap on earnings and getting rid of it will require action. I just want them to debate it and come up with some ideas. If your solution will fix the problems and not cause too many unintended consequences, then it should be brought to the table and considered.
 
RedString said:
I know there is a cap on earnings and getting rid of it will require action. I just want them to debate it and come up with some ideas. If your solution will fix the problems and not cause too many unintended consequences, then it should be brought to the table and considered.
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Would you consider a compromise to do away with the caps, if say the tax system we now have in place was moved to a flat tax?
 
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