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Thread: Social Security reserves forecast to run dry in 2022

  1. #141
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by j-mac View Post
    I don't think you have the founders intent correct. Although you are right that they didn't like a system of direct, 100% democracy, They certainly didn't want a judicary that reigned supreme over the congress either. You are advocating the making up rights out of whole cloth that rely on interpetitation of some sort of maliable whim of the day, rather than following the constitution as written.

    IOW, according to you, why have the Constitution, or congress at all? If all we need are judges that hold power to change law, and or rights on their whim, or as we have seen political reasoning, then why not just abolish our nation as it exists now, for your paradigm?


    j-mac
    Your objection dates back over two centuries to the Marbury vs. Madison decision. While I can sympathize with some of your concerns, that is long ago water over the dam and nothing is going to change that short of the US Supreme Court itself stating that they DO NOT have the power of Judicial Review. And the odds of that are better for 12 inches of snow this August in Key West.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by j-mac View Post
    Here is the definition of a 'ponzi' scheme...How is it fundementally different?
    If you understood how your home, auto, and life insurance plans were different from a Ponzi scheme, you wouldn't have had to ask this question.

  3. #143
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    Re: Social Security reserves forecast to run dry in 2022

    Does anyone object to a portion of S.S. to be diversified into private equity and REIT markets? I have been on the fence with this idea for quite some time. Reason be, the national security risks from investing S.S. funds into equity markets in a time when international capital mobility is at its highest outweigh any direct benefits. Also, such an action would give the federal government way to much power to manipulate.

    Then there is the entire "voting rights" issue for various company boards.
    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: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Kushinator View Post
    Something interesting to note. Most recent actuarial models show that recipients on the higher income end tend to draw more from the SS fund than low income recipients for a rather obvious reason... they live much longer!
    They've spent more on health care during their lifetimes, and in their cushy, air-conditioned offices, they've not been exposed to the dust and fumes and other enviro-hazards that shorten lower-income lives. They go to the doctor more often in their senior years as well, so they are also a bigger drain on Medicare.

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Cardinal Fang View Post
    They've spent more on health care during their lifetimes, and in their cushy, air-conditioned offices, they've not been exposed to the dust and fumes and other enviro-hazards that shorten lower-income lives. They go to the doctor more often in their senior years as well, so they are also a bigger drain on Medicare.
    Which is why i am against raising the age without means testing (which opens up another fairness debate).
    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

  6. #146
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    Social Security reserves forecast to run dry in 2022 - Washington Times

    SS on the brink, we were told 2030 something, it's a long way off, plenty of time to get it right...

    No, it's a lot closer then you think. 2022is a mere 10 years off. It's time to end the fail, before it ends us.
    Hussein Obama just robbed 93,000,000,000 from SS to pay for the payroll tax holiday for 2012. The man is driving this country down the tubes.
    "God Bless Our Troops in Harms Way."

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by haymarket View Post
    You seem to really be angry or hurt that some reason which you believe was given for Social Security is different than what you believe the program now does. I think its funny that you would put your faith into something like that.
    Are you saying that SS has not changed since 1935?

    But I will tell you what I will do - why don't you just present the reasons the sponsors gave for Social Security in their own words and we can them compare it to the program that was instituted and we can see just what is what and if you have a point or not?

    Sound fair?
    What? we should re debate the New Deal here? Today? Why don't we just stick to what is going on with SS today.


    j-mac
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Navy Pride View Post
    Hussein Obama just robbed 93,000,000,000 from SS to pay for the payroll tax holiday for 2012. The man is driving this country down the tubes.
    Economic stimulus in the form of tax incentives is a play right out of the supply side playbook. Why on earth would you have an issue with this?
    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: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by j-mac View Post
    Contrabutions? It is a tax. Taxes are not contrabutions, they are taken by the force of government. And your answer is to take more of MY money? How much of what I earn through MY own hard work, is mine?
    Lesson for the piggies. The law requires employers to pay, on their own behalf and on the behalf of each of their employees. These amounts are NOT part of your actual wages. They are not in any way related to any sort of service that you provide. You have no legitimate claim or title to them whatsoever. The amounts are included in your gross pay only so that they can be deducted on your behalf and sent off to Washington. If SS were to go away, so would BOTH of those entries. That is, your gross pay would go down, while your net pay remained the same.

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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Cardinal Fang View Post
    Lesson for the piggies.
    "The Piggies"? What kind of F'd up crap is that to start out a reply to someone? I asked a legitimate question of how much of MY OWN hard earned money I should be allowed to keep, and you call me a pig?

    The law requires employers to pay, on their own behalf and on the behalf of each of their employees. These amounts are NOT part of your actual wages.
    I am familiar thanks.

    They are not in any way related to any sort of service that you provide.
    The employer is bound to pay a portion based on my employment with that company, and is not my employment to provide a service?

    You have no legitimate claim or title to them whatsoever.
    Are they not made in my name?

    The amounts are included in your gross pay only so that they can be deducted on your behalf and sent off to Washington.
    I think if private citizens do this to a business, it is called organized crime....

    If SS were to go away, so would BOTH of those entries. That is, your gross pay would go down, while your net pay remained the same.
    Or, the business I work for would have the ability sans those taxes to actually raise my pay, just like some do when employees opt not to take the company offered health plans....Mine does that.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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