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Thread: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Threegoofs
    Ok. So to summarize....
    You say Medicare has nothing to do with the US debt, except that its a major part of it.
    Medicare is one of the owners of the bonds financing the debt. Not to long from now, it will need to cash in those bonds, unless we increase medicare payment rates above their 1.45%.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by calamity View Post
    -snip-

    In the eighties it went up, quite a bit.
    80's: $40K @ 14%, meaning an average of roughly $5.5K per year
    90's: $65K @ 15%, average of $10K
    Y2K's: $100K @ 15%, avg $15K

    So, as you can clearly see, we who work today pay quite a bit to support those who retired years ago.

    -snip-
    Your forget one thing. Many of those people still die before collecting, and how compound interest increases the money put in. I one time did a rough calculation of what an individual account for me would be based on the money I put in with compound interest.

    Do you understand compound interest?

    wiki: Compound Interest

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by calamity View Post
    Actually, odds are that those who earn the least--especially men of color---will die the soonest, many even before reaching retirement, while those who earn far beyond the maximum taxable amount will live well into their nineties.
    And there is a maximum one can collect as well.

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    CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Lord of Planar View Post
    Medicare is one of the owners of the bonds financing the debt. Not to long from now, it will need to cash in those bonds, unless we increase medicare payment rates above their 1.45%.
    Ah. So you are on the side that Medicare has nothing to do with the debt.

    Let Conservative know that. He half agrees.

    Medicare, of course, is not self funding, unless you are talking about Part A (hospital insurance- not B or D - outpatient or drug coverage).
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    Do you understand why balancing the budget in 2009 would lead to depression? If not, i will explain it to you (which should be a fruitful exercise for those who are not informed on this subject).
    Do you understand why spending 17 trillion dollars we don't have along with devaluing all of our money is a bad thing? Can you imagine any exercise where we actually reduce our debt? Or does your wisdom tell you that you will die before the economic collapse occurs so it won't be your problem?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by calamity View Post

    And when Medicare benefits are added to the mix, it's safe to say your retirement is being subsidized by roughly 10-20 times the amount you ever put into the system.
    How long do you think that can go on. Doesn't it sound like a Ponzi scheme to you? Why haven't we perp walked everyone who has supported this?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by calamity View Post
    Actually, odds are that those who earn the least--especially men of color---will die the soonest, many even before reaching retirement, while those who earn far beyond the maximum taxable amount will live well into their nineties.
    Typical liberalism, you never answer a direct question and have to divert. Where is the answer to my question, where should my wife's contribution to SS go? If it had gone to insurance it would go to the family. Light bulb go off yet?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Lord of Planar View Post
    Medicare is one of the owners of the bonds financing the debt. Not to long from now, it will need to cash in those bonds, unless we increase medicare payment rates above their 1.45%.
    You will never get an answer from a liberal as to where the money comes from to pay off those bonds? Guess the money tree behind the capital building?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by Misterveritis View Post
    How long do you think that can go on. Doesn't it sound like a Ponzi scheme to you? Why haven't we perp walked everyone who has supported this?
    It's an entitlement that suffers now because of the impending boomer retirements. We simply have too many people drawing money who never teally paid in their fair share. By 2030, the bulk of them will begin dying, and we'll have more workers per retiree again.

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    CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    Typical liberalism, you never answer a direct question and have to divert. Where is the answer to my question, where should my wife's contribution to SS go? If it had gone to insurance it would go to the family. Light bulb go off yet?
    You should visit this thread:

    Why-do-conservatives-on-most-forums-seem-less-knowledgeable? https://www.debatepolitics.com/general-political-discussion/174378-why-do-conservatives-most-forums-seem-less-knowledgeable.html

    I'm pretty sure you might have a hilarious thing or two to add.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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