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Thread: Employers add no net jobs in Aug.; rate unchanged

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    It's where Geithner thinks wealth is created. He is argueing today to prime the pump even more. Geithner's boss is?
    Geithner was a bad choice.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by EarlzP View Post
    I have provided links that show SS is not a ponzi scheme you choose to ignore any thing t hat disproves your BS, You think that you are so intelligent that nobody can see what your real agenda is, as I have told you before you are not that slick, enjoy the money you have already made from the backs of Wall Street investors, keep pushing to end SS I want to see an end to the republican party. Your brain washing techniques are not that good
    I agreed with your link but you don't understand that it was the surplus of SS that went on budget. So that you stop making a fool of yourself read the history of SS. Just goes to show what brainwashing does and that is why this country is in such a mess. totally uninformed individuals who cannot admit when wrong.

    Social Security Online - HISTORY: Budget Treatment of Social Security Trust Funds

    From that article which is posted on the SS website

    "On-Budget"-

    In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
    This 1968 change grew out of the recommendations of a presidential commission appointed by President Johnson in 1967, and known as the President's Commission on Budget Concepts. The concern of this Commission was not specifically with the Social Security Trust Funds, but rather it was an effort to rationalize what the Commission viewed as a confusing budget presentation. At that time, the federal budget consisted of three separate and inconsistent sets of measures, and often budget debates became bogged-down in arguments over which of the three to use. As an illustration of the problem, the projected fiscal 1968 budget was either in deficit by $2.1 billion, $4.3 billion, or $8.1 billion, depending upon which measure one chose to use. Consequently, the Commission's central recommendation was for a single, unified, measure of the federal budget--a measure in which every function and activity of government was added together to assess the government's fiscal position.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    Geithner was a bad choice.
    Ya Think? So was Obama who showed that resumes are accurate and he is in over his head

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    Geithner was a bad choice.
    Why? tenchar
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    In what way does the government legally kill someone who is not a threat?
    McVeigh execution: A 'completion of justice' - CNN

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I stand by my statement, it is what it is, your money going to someone else and someone else paying your SS check. That isn't insurance, that is the characteristics of a ponzi scheme.
    You could stomp on your statement, I really couldn't care less. When you pay premiums for insurance that money is used to pay claims.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    Geithner was a bad choice.
    And yet, he continues on. So I guess it's not only a GOP position?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    Ya Think? So was Obama who showed that resumes are accurate and he is in over his head
    I suppose you think John McCain would pick some body better, I don't.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    You could stomp on your statement, I really couldn't care less. When you pay premiums for insurance that money is used to pay claims.
    You really don't want to go down that road. You aren't forced into insurance and trying to compare the two doesn't make any sense. You contributed to SS on the basis that your money would be there for you when you retire. That is a lie based upon changes to SS in the 60's.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I agreed with your link but you don't understand that it was the surplus of SS that went on budget. So that you stop making a fool of yourself read the history of SS. Just goes to show what brainwashing does and that is why this country is in such a mess. totally uninformed individuals who cannot admit when wrong.

    Social Security Online - HISTORY: Budget Treatment of Social Security Trust Funds

    From that article which is posted on the SS website
    Why not go back to 1899? your cherry picking your information in an attempt to put an end to SS and replace it with private accounts that would be invested in Wall Street, if Wall Street was liquidated tomorrow how many people would lose thier life savings? Wall Street is nothing but a large gambling casino where the insiders manipulate the stock prices and walk away as million and billionaires

    Social Security Trust Fund - Wikipedia, the free encyclopedia

    The Social Security system is primarily a pay-as-you-go system, meaning that payments to current retirees come from current payments into the system.

    In 1977, President Jimmy Carter and the 95th Congress increased the FICA tax to fund Social Security, phased in gradually into the 1980s.[5] In the early 1980s, financial projections of the Social Security Administration indicated near-term revenue from payroll taxes would not be sufficient to fully fund near-term benefits (thus raising the possibility of benefit cuts). The federal government appointed the National Commission on Social Security Reform, headed by Alan Greenspan (who had not yet been named Chairman of the Federal Reserve), to investigate what additional changes to federal law were necessary to shore up the fiscal health of the Social Security program.[6] The Greenspan Commission projected that the system would be solvent for the entirety of its 75-year forecast period with certain recommendations.[6] The changes to federal law enacted in 1983 pursuant to the recommendations of the Greenspan Commission merely advanced the time frame for previously scheduled payroll tax increases (though it raised slightly the payroll tax for the self-employed to equal the employer-employee rate), changed certain benefit calculations, and raised the retirement age to 67 by the year 2027.[7] As of the end of calendar year 2010, the accumulated surplus stood at just over $2.6 trillion.[8] Projections are that current receipts will continue to exceed expenditures until 2017. Thereafter, there will be a shortfall that will be made up by withdrawals from the Trust Fund, although the Trust Fund will continue to show net growth until 2025 because of the interest generated by its bonds.[9]
    How are your reading comprehension skills?

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