In response to:

Now It's Time for the Entitlement Cliff

Bob34222 Wrote: Jan 01, 2013 12:18 PM
Dead wrong! The social security trust fund was 'loaned' to the Feds to pay for other entitlements (like free cheese and cellphones). Ths social security trust funds still holds the marker. The real question remains the solvency of the Feds to pay back the social security trust fund. The other big issue is that there are not enough workers today to maintain the system as is currently exists. AHHHH, you mean not enough people today WORK FOR A LIVING?
Michael Bowler (formerly Michael) Wrote: Jan 01, 2013 1:08 PM
Seriously, Bob, you've seen enough. What chance do you think there is that any of the federal govt's debt will be paid off? If your answer exceeds zero, you ain't paying attention or you're lying.

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...