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Next in Line for a Bailout: Social Security

Partisan said:
Exactly right.....
It wouldn't be in trouble otherwise.....;)
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I love the selective language. Stolen:roll: Does the federal government default on its debt owed to SS?
 
Goldenboy219 said:
It (SS) was reformed under Reagan and will most likely be reformed in the near future. FICA will be a 10% tax before long......:(
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And benefits must be cut.
 
American said:
Maybe if would have stopped skimming the excess off the top 20 years ago, it wouldn't be in trouble.
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Whoa, the chuck norris dude and I agree on something!
 
American said:
Maybe if would have stopped skimming the excess off the top 20 years ago, it wouldn't be in trouble.
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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.
 
Any short comings should be taken from the military budget.

See? Was that too hard?
 
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.
 
USA-1 said:
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.
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:rofl:rofl:rofl Such as?
 
USA-1 said:
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.
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Which wars are you talking about?
 
Goldenboy219 said:
:rofl:rofl:rofl Such as?
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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.
 
Goldenboy219 said:
I love the selective language. Stolen:roll: Does the federal government default on its debt owed to SS?
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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....;)
 
USA-1 said:
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.
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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? :roll:

Safe foreign investments? Went from safe private to safe foreign:lol:

Not as simple as you assumed huh?
 
Partisan said:
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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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.
 
Goldenboy219 said:
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? :roll:

Safe foreign investments? Went from safe private to safe foreign:lol:

Not as simple as you assumed huh?
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No, not since Bush destroyed the free market system.
 
Goldenboy219 said:
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.
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Those returns are from taxpayer dollars and only add to the debt. The only way government generates returns is from taxes.
 
NoJingoLingo said:
I wish people would realize that this is cyclical. Once the mass of "boomers" die off SS will be solvent again until the next large generational wave.
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I don't feel like waiting 30 years.....:(
 
Goldenboy219 said:
I love the selective language. Stolen:roll: Does the federal government default on its debt owed to SS?
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When are they going to pay? If they are not paying it back they stole the taxpayers money.
 
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Partisan said:
I don't feel like waiting 30 years.....:(
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For what? So SS runs a deficit, it will eventually catch up. You're not going to lose benefits so what could you possibly be waiting for?
 
NoJingoLingo said:
For what? So SS runs a deficit, it will eventually catch up. You're not going to lose benefits so what could you possibly be waiting for?
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Obama is trying to save it through the lies that there is no inflation so no one on SS gets a cost of living raise. First time since back in the 70's.
 
ptif219 said:
Obama is trying to save it through the lies that there is no inflation so no one on SS gets a cost of living raise. First time since back in the 70's.
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Please quote those lies and your sources that prove them to be lies.
 
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