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Thread: Social Security reserves forecast to run dry in 2022

  1. #181
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Chiefgator View Post
    I stand corrected. It is always a good day when you learn something, even if you make an ass of yourself along the way.
    Well said. Not making an ass of yourself at all.

  2. #182
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Samhain View Post
    That isn't what the original article is indicating.
    If you want to go with Stephen Dinan, help yourself.

    I think I will go with the experts who actually administer the SS funds.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #183
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Catawba View Post
    If you want to go with Stephen Dinan, help yourself.

    I think I will go with the experts who actually administer the SS funds.
    Ehm

    Social Security’s disability fund, which has been operating short of cash since 2005, is forecast to run out of reserves by 2018.

    Read more: Jobless disability claims soar to record $200B as of January, research from JPMorgan Chase shows - NYPOST.com

    Come on,cheery pick some more BS for us buddy. 6 years, and it's all gone. Every. Last. Dollar.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  4. #184
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    Ehm




    Come on,cheery pick some more BS for us buddy. 6 years, and it's all gone. Every. Last. Dollar.
    Read closer.

    Trustees Report Summary

    The Media always pushing the Panic Button. Well, I guess it sells - like Freddy Kruger, and about as much substance, too.
    Last edited by MoSurveyor; 02-20-12 at 11:18 AM.
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  5. #185
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    Come on,cheery pick some more BS for us buddy. 6 years, and it's all gone. Every. Last. Dollar.
    LOL. You've been had, you know. Played like a fiddle.

  6. #186
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Cardinal Fang View Post
    LOL. You've been had, you know. Played like a fiddle.
    Expect the silent mode from the doomsayers. While they are ignorant in regards to public finance, some are at least wise enough not to fight battles they cannot win.
    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

  7. #187
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MoSurveyor View Post
    Read closer.

    Trustees Report Summary

    The Media always pushing the Panic Button. Well, I guess it sells - like Freddy Kruger, and about as much substance, too.

    Quote Originally Posted by Cardinal Fang View Post
    LOL. You've been had, you know. Played like a fiddle.
    Quote Originally Posted by Kushinator View Post
    Expect the silent mode from the doomsayers. While they are ignorant in regards to public finance, some are at least wise enough not to fight battles they cannot win.


    No, the ones player were you guys. See, I LOOKED up where that 2018 number came from.

    It came from your source. Not the media. The SS Trustee Report.

    While the combined OASDI program continues to fail the long-range test of close actuarial balance, it does satisfy the conditions for short-range financial adequacy. Combined trust fund assets are projected to exceed one year’s projected benefit payments for more than ten years, through to 2035. However, the Disability Insurance (DI) program satisfies neither the long-range nor short-range tests for financial adequacy. DI costs have exceeded non-interest income since 2005 and trust fund exhaustion is projected for 2018; thus changes to improve the financial status of the DI program are needed soon.
    Trustees Report Summary

    How to find this quote. Hit ALT-F Then type 2018 and it's the VERY FIRST instance of that year.

    Game, Set, MATCH.

    The Disability Insurance Trust Fund—Each year, the Board prepares a report,
    commonly referred to as the Trustees Report, on the financial outlook for the Social
    Security trust funds. Estimates in the 2011 Trustees Report show that, although the OldAge and Survivors Insurance (OASI) Trust Fund and the theoretical combined OASI and
    Disability Insurance (DI) Trust Funds are adequately financed during the 10-year shortrange projection period under intermediate assumptions, the DI fund alone is not.

    1
    This ratio is also called a trust fund ratio in the 2011 OASDI Trustees Report.2
    Under the intermediate assumptions of the 2011 Trustees Report (those representing the
    Trustees’ best estimate of future economic and demographic trends), the assets of the DI
    Trust Fund are projected to fall below 20 percent of annual cost during 2016 and are
    estimated to become exhausted in 2018. The figure below shows the estimated balance
    ratios for the combined OASI and DI Trust Funds and for each fund separately up to the
    date of trust fund exhaustion
    http://www.ssa.gov/OACT/TR/2011/709l...House_2011.pdf
    Last edited by Renae; 02-20-12 at 02:35 PM.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  8. #188
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    No, the ones player were you guys. See, I LOOKED up where that 2018 number came from.

    It came from your source. Not the media. The SS Trustee Report.


    Trustees Report Summary

    How to find this quote. Hit ALT-F Then type 2018 and it's the VERY FIRST instance of that year.

    Game, Set, MATCH.


    http://www.ssa.gov/OACT/TR/2011/709l...House_2011.pdf
    You know i was just going to give you a pass, because you do not know any better. But when you think about it, if we allow such nonsense to go unchecked, who knows what you will be capable of producing in the future.

    What exactly is the Disability Insurance Trust Fund? What exactly is the Old Age Survivor Insurance Trust Fund? Do you understand the difference between the two?

    Now you do. You may now admit your error(s). There is no shame.
    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

  9. #189
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by Kushinator View Post
    You know i was just going to give you a pass, because you do not know any better. But when you think about it, if we allow such nonsense to go unchecked, who knows what you will be capable of producing in the future.

    What exactly is the Disability Insurance Trust Fund? What exactly is the Old Age Survivor Insurance Trust Fund? Do you understand the difference between the two?

    Now you do. You may now admit your error(s). There is no shame.
    Wow, no ****? They are different funds? WOAH.

    Now if you go back to the first post I made mentioning 2018, it's clear that the quote is discussing the DI. Then your friend says I'm full of ****, falling for media spin, and you and some other thank him, and mock me..

    Only, I use the SS Trustee report (the one you guys are harping on) after to show.. yes, the DI is going to be out of money in 2018.

    So, this is a case of you, and CF and MS being incapable of keeping up with the conversation. YOUR source shows that MY source showing the DI fund is going to be dry by 2018 was accurate... and all three of you...

    can't grasp you just pwned yourselves.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  10. #190
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    Re: Social Security reserves forecast to run dry in 2022

    Quote Originally Posted by MrVicchio View Post
    Wow, no ****? They are different funds? WOAH.

    Now if you go back to the first post I made mentioning 2018, it's clear that the quote is discussing the DI. Then your friend says I'm full of ****, falling for media spin, and you and some other thank him, and mock me..

    Only, I use the SS Trustee report (the one you guys are harping on) after to show.. yes, the DI is going to be out of money in 2018.

    So, this is a case of you, and CF and MS being incapable of keeping up with the conversation. YOUR source shows that MY source showing the DI fund is going to be dry by 2018 was accurate... and all three of you...

    can't grasp you just pwned yourselves.
    So you pulled a bait and switch and now you're crowing about it? Well, congratulations.

    In the future if you want real conversation instead of a pulpit, you might want to make your change of subject a little more obvious.

    I'm sure we were all aware it was the DI - in fact we pointed that out - but with some of your previous posts as examples we weren't sure YOU knew it was the DI being discussed. Certainly the post you quoted in #183 (that we assumed you were responding to) wasn't talking about the DI and your OP wasn't talking about the DI, either.
    Last edited by MoSurveyor; 02-20-12 at 05:38 PM.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

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