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Millions face shrinking Social Security payments

MrVicchio said:
So would you object to reducing taxes, and allowing people to create tax free "Personal Accounts" too avoid living on the streets in the later years, managed by individuals, and given the choice if they WANT to do that or not?
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You know he would. It's much harder to buy votes that way!
 
dragondad said:
This is not a retirement plan.

It's a safety net to keep the elderly poor off the streets begging for food.

Stock investments belong in a retirement plan.
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They by and large weren't doing this before the advent of Social Security and there is no reason to believe they will do this, after a gradual phase out of it, now.

Savings accounts can serve as a viable function of a personal safety net and the overall savings rate in this country is abysmal.
Programs like Social Security are disincentives for people to lead a financial frugal lifestyle and couple that with it being a natural racially discriminatory institution.
 
MrVicchio said:
So would you object to reducing taxes, and allowing people to create tax free "Personal Accounts" too avoid living on the streets in the later years, managed by individuals, and given the choice if they WANT to do that or not?
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Yes I would! Where would you get the money to pay the present day retirees???????
 
Harry Guerrilla said:
They by and large weren't doing this before the advent of Social Security and there is no reason to believe they will do this, after a gradual phase out of it, now.

Savings accounts can serve as a viable function of a personal safety net and the overall savings rate in this country is abysmal.
Programs like Social Security are disincentives for people to lead a financial frugal lifestyle and couple that with it being a natural racially discriminatory institution.
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Oh sure! You know so much about the privatization plan don't you!

Tell us? Where do you think the money is going to come from to pay current retirees if your money is being diverted into a private account????


I know the answer to this???? I know what Bush was planning???

Why don't you tell us?
 
dragondad said:
Yes I would! Where would you get the money to pay the present day retirees???????
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They all ready paid, so the money should be there.

Face it, you know that ending SS would end a political gain for the party you support.

The old bribe the voters with money game, and that's killing us, regardless which side is doing it.
 
MrVicchio said:
They all ready paid, so the money should be there.

Face it, you know that ending SS would end a political gain for the party you support.

The old bribe the voters with money game, and that's killing us, regardless which side is doing it.
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Like arguing with a door knob! "they are already paid"......LOL

Did anybody read where I used the term "know-nothing" earlier?

It wasnt meant as a slur...It's an actual description of someone who doesnt know that current SS beneficaries are being paid by present day workers and not from some big bank account where the Fed depostited their money all those years!.................LOL
 
dragondad said:
Oh sure! You know so much about the privatization plan don't you!

Tell us? Where do you think the money is going to come from to pay current retirees if your money is being diverted into a private account????


I know the answer to this???? I know what Bush was planning???

Why don't you tell us?
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I don't know what Bush was planning and don't really care.
I know what I would do but I have no idea what others true intentions are.

Social Security must be gradually phased out.

I'd start with telling everyone not already significantly invested in the program, that it will no longer be an option for them in the future and that they are going to have to forfeit what they have already paid in.
I'd then cut some defense spending and other programs to make up the short fall.

Means test the program and phase it out with only inflation adjusted increases.
 
Harry Guerrilla said:
I don't know what Bush was planning and don't really care.
I know what I would do but I have no idea what others true intentions are.

Social Security it must be gradually phased out.

I'd start with telling everyone not already significantly invested in the program, that it will no longer be an option for them in the future and that they are going to have to forfeit what they have already paid in.
I'd then cut some defense spending and other programs to make up the short fall.

Means test the program and phase it out with only inflation adjusted increases.
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Of course you don't know where these Trillions are going to come from??

Because your a know-nothing..

Bush was going to borrow the Trillions!

And that's what the know-nothings are going to face when they divert that money into their private accounts.
 
dragondad said:
Like arguing with a door knob! "they are already paid"......LOL

Did anybody read where I used the term "know-nothing" earlier?

It wasnt meant as a slur...It's an actual description of someone who doesnt know that current SS beneficaries are being paid by present day workers and not from some big bank account where the Fed depostited their money all those years!.................LOL
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I know who is paying them, it wasn't supposed to work that way, I was illustrating one of the great weaknesses of the SS system, the one you claim works soooo well.

It doesn't. The fact these older workers that ALL READY PAID IN have to rely on todays workers is ample proof SS is broken beyond all repair.. or FUBAR.
 
dragondad said:
Of course you don't know where these Trillions are going to come from??

Because your a know-nothing..
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Ouch :boohoo: excuse me while I compose myself. :neutral:

dragondad said:
Bush was going to borrow the Trillions!

And that's what the know-nothings are going to face when they divert that money into their private accounts.
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Let me repeat some thing here with emphasis, I do not care what Bush was going to do because he did not do it.

Cutting benefits, means testing and cutting spending from other programs can make up the short fall.

I refuse to face having to pay double the current Social Security taxes in order to get a ****ty pay out when I can do better on my own.

If such increases are going to happen, I will leave.
 
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MrVicchio said:
I know who is paying them, it wasn't supposed to work that way, I was illustrating one of the great weaknesses of the SS system, the one you claim works soooo well.

It doesn't. The fact these older workers that ALL READY PAID IN have to rely on todays workers is ample proof SS is broken beyond all repair.. or FUBAR.
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Yes it was supposed to work like that! Are you able to compose yourself and stop the lying?

SS was concieved, inititiated as a program where current workers SS taxes would be paying present day retirees. Only a small amount is diverted into the Trust fund to account for long term ebb and flow on the ratio of retirees to workers.
 
Harry Guerrilla said:
Ouch :boohoo: excuse me while I compose myself. :neutral:



Let me repeat some thing here with emphasis, I do not care what Bush was going to do because he did not do it.

Cutting benefits, means testing and cutting spending from other programs can make up the short fall.

I refuse to face having to pay double the current Social Security taxes in order to get a ****ty pay out when I can do better on my own.

If such increases are going to happen, I will leave.
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Cutting benefits!

By all means encourge your supporters to shout that from the Mountain top!......You will go the way of the Dodo bird in two years....LOL
 
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dragondad said:
Cutting benefits! By all means encourge your supporters to shout that from the Mountain top!......You will go the way of the Dodo bird in two years....LOL
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The difference between you and I, is that I don't lie to people about the real deal with programs and services the government offers.

What are you going to say when we either have to face benefit cuts or doubling SS taxes?

Who's side will you take then?
 
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dragondad said:
Yes it was supposed to work like that! Are you able to compose yourself and stop the lying?

SS was concieved, inititiated as a program where current workers SS taxes would be paying present day retirees. Only a small amount is diverted into the Trust fund to account for long term ebb and flow on the ratio of retirees to workers.
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SS Was a short term program, but you ignore that little fact too.
 
Harry Guerrilla said:
The difference between you and I, is that I don't lie to people about the real deal with programs and services the government offers.

What are you going to say when we either have to face benefit cuts or doubling SS taxes?

Who's side will you take then?
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Doubling taxes!!!! LOL

Can you help yourself?

Here you go know-nothing...from the 2009 Social Security Trust Fund Report

Assuming the Trustees’ intermediate assumptions are realized, the deficit of 2.00 percent of payroll indicates that financial adequacy of the program for the next 75 years could be restored if the Social Security payroll tax rate were increased for current and future earnings from 12.40 percent (combined employee-employer shares) to 14.41 percent
 
MrVicchio said:
SS Was a short term program, but you ignore that little fact too.
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I can't keep up with your B.S. ....we just decided to keep SS so you'll have to deal with it...LOL

By all means Mr. Clown face.....Go encourage your supporters to call for the end of Social Security!

I'm all for you doing that....LOL
 
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dragondad said:
Like arguing with a door knob! "they are already paid"......LOL

Did anybody read where I used the term "know-nothing" earlier?

It wasnt meant as a slur...It's an actual description of someone who doesnt know that current SS beneficaries are being paid by present day workers and not from some big bank account where the Fed depostited their money all those years!.................LOL
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its called a ponzi scheme which makes madoff look like a piker
 
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