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Thread: Next in Line for a Bailout: Social Security

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by American View Post
    Maybe if would have stopped skimming the excess off the top 20 years ago, it wouldn't be in trouble.
    You are right. The surplus SS taxes should have been placed in safe private investments. Not given to the government to pay for stuff like wars and junk.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Any short comings should be taken from the military budget.

    See? Was that too hard?
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    Re: Next in Line for a Bailout: Social Security

    Also, inflation numbers misrepresent the true rising costs of living. There is a technological bias built into the CPI due to the high cost of new technology, of which seniors are the lowest demanding demographic of such goods/services. So not only does the CPI overstate inflation, but the manner in which it achieves these numbers do not have an impact on the senior cost of living causing the SS fund to overpay. This overpayment has created billions of dollars of waste.
    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: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    You are right. The surplus SS taxes should have been placed in safe private investments. Not given to the government to pay for stuff like wars and junk.
    Such as?
    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: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    You are right. The surplus SS taxes should have been placed in safe private investments. Not given to the government to pay for stuff like wars and junk.
    Which wars are you talking about?
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Goldenboy219 View Post
    Such as?

    Money market, safe foreign investments, energy, commodities, gold, transportation. Any return would be better than nothing and it would force the government to live within it's means.
    Just think if all that SS surplus had been used to purchase gold.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Goldenboy219 View Post
    I love the selective language. Stolen Does the federal government default on its debt owed to SS?
    No, but it should have never incurred it in the first place.....
    I want to see what trick the government is gonna pull out of it's hat this time around.....
    FDR pulled one off when he took gold out of circulation & Nixon did it when we went off gold standard, I think the well is dry with regard to accounting tricks....

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    Money market, safe foreign investments, energy, commodities, gold, transportation. Any return would be better than nothing and it would force the government to live within it's means.
    Just think if all that SS surplus had been used to purchase gold.
    Gold, if factored for inflation, is down over 50% from the 1980's highs. Not only that, such an act is unsustainable as it would undoubtedly create a spike in gold prices thereby increasing the cost of goods and services that require gold. This goes for all commodities.

    Money markets?

    Safe foreign investments? Went from safe private to safe foreign

    Not as simple as you assumed huh?
    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: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Partisan View Post
    No, but it should have never incurred it in the first place.....
    I want to see what trick the government is gonna pull out of it's hat this time around.....
    FDR pulled one off when he took gold out of circulation & Nixon did it when we went off gold standard, I think the well is dry with regard to accounting tricks....
    The SS fund gets a return on its investment as long as there are no defaults. The bold is just a moral judgment lacking substance.
    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: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Goldenboy219 View Post
    Gold, if factored for inflation, is down over 50% from the 1980's highs. Not only that, such an act is unsustainable as it would undoubtedly create a spike in gold prices thereby increasing the cost of goods and services that require gold. This goes for all commodities.

    Money markets?

    Safe foreign investments? Went from safe private to safe foreign

    Not as simple as you assumed huh?
    No, not since Bush destroyed the free market system.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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