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Thread: The results are in on social security

  1. #161
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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Then in your world it’s ok to stiff China for the load of dough that they loaned us for our wars?
    Screw those honky commie slant eyed devils! /sarcasm.

    In all seriousness, China is the biggest threat to our status as The Major World Power.

    Anything we can do to keep them and their abuse of human rights down is a good thing, in my mind.
    Last edited by ItsAProcess; 06-16-11 at 01:26 AM.

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    Re: The results are in on social security

    Quote Originally Posted by ItsAProcess View Post
    Screw those honky commie slant eyed devils! /sarcasm.
    Yeah..but after we hit them up for the loan for our Social Security.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Then in your world it’s ok to stiff China for the load of dough that they loaned us for our wars?
    What? Help me to follow your, uh, oh, er, "reasoning". I say that there is no money in that social security locked box. There are only completely worthless IOUs. And somehow that leads you to believe that I am saying don't pay our debts?

    Kooky.

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    I believe I read in a US News and Report that approximately 28 percent of 401(k) participants had an outstanding loan in 2010.

    I believe that the author was Aon Hewitt.




    Your right, “401(k)s are things people with jobs have “ but the latest jobs report by the bls has the number of unemployed at 13.9 million and the unemployment rate was 9.1 percent and 28% of that number comes to pretty close to four million many of whom have 401(k)s. Now why do you think that unemployed Americans would be tapping their 401(k)s?

    I’m thinking that it’s a pretty desperate act, considering the price that they pay; check this link out.
    Interesting, but you didn't really answer any of my questions from post #148.

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    What? Help me to follow your, uh, oh, er, "reasoning". I say that there is no money in that social security locked box. There are only completely worthless IOUs. And somehow that leads you to believe that I am saying don't pay our debts?

    Kooky.

    Who do we owe most of the money that we used to pay for our wars?I would say its China.Now who issued the IOU,s that's setting in the so-called lock box of SS?

    The United States Government,the same ones that borrowed the dough from China.

    So, if its OK to pay China the money borrowed, why isn't it OK to pay our own citizens what they worked for and was promised them?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Who do we owe most of the money that we used to pay for our wars?I would say its China.Now who issued the IOU,s that's setting in the so-called lock box of SS?

    The United States Government,the same ones that borrowed the dough from China.

    So, if its OK to pay China the money borrowed, why isn't it OK to pay our own citizens what they worked for and was promised them?
    Great point. More than 14 trillion dollars in IOUs. Where do you suppose the money will come from?

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    Great point. More than 14 trillion dollars in IOUs. Where do you suppose the money will come from?
    National Sales tax of 6%? Or tax hikes and spending cuts.
    Hayek - too liberal for republicans

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    Re: The results are in on social security

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    Neomalthusian

    Interesting, but you didn't really answer any of my questions from post #148.
    From your post #145…(What is your point donc?)

    Which I responded, In post #147, directing you to… Read post #137, thru post #144.



    Which you responded in post #148, with these two questions on insurance… in a SS thread.


    1) Just generally speaking, should people who want and need a type of insurance pay for said insurance? (this one's easy)

    2) Should people who do not and will not need a type of insurance be required to pay for said insurance anyway? If so, why?


    Followed by these two questions. In response to a scenario that I used to set up my main point, (which of course you ignored) which was, and still is.

    (We take the cap off at $300 k and start paying the money that uncle sugar borrowed out of it.)

    (Is it really true that the folks borrowing against their retirement funds are doing so to feed their hungry children? Can you cite support of this claim anywhere?)


    if you want to talk about insurance I suggest that you start a thread on it.If your into digging into archives, we have plenty of old bones buried in the archives that you can bring back to life.


    Are you can strain the brain cell, with any luck at all you may possibly come up with an intelligent reply. Not likely but anything’s possible.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by xpiher View Post
    National Sales tax of 6%? Or tax hikes and spending cuts.
    No. It may even be too late to grow the economy by a combination of deep spending cuts and steep tax rate cuts.

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    No. It may even be too late to grow the economy by a combination of deep spending cuts and steep tax rate cuts.
    Tax cuts do not stimulate the economy unless those tax cuts result in actual demand increase. The type of the tax cuts being purposed are not the type that actual stimulate demand. All those type of tax cuts will result in is increase CEO bonuses because more profits will be had.

    We also must come to terms with the fact that the opposite of laffer curve is true. That when revenues drop to a negligable level, the government becomes ineffective even in the sectors were nearly everyone agrees the government should be involved in and this in return causes deficit to grow and endanger the economy.
    Hayek - too liberal for republicans

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