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Thread: The results are in on social security

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Kinda looks like we have twenty five years to find the fix, then they more than likely will say cut the cap.
    no. we have 25 years if we assume that:

    1. Medicare has no unfunded liability
    2. Medicaid has no unfunded liability
    3. there is no national debt
    4. the budget is currently balanced
    5. the budget starting next year will begin to run heavy surpluses.


    if those 5 things are true, then yes, we have 25 years. if they aren't true, then our time window get's significantly shorter.



    there is a reason the AARP just signaled that they are willing to discuss reductions in Social Security Benefits. Because the math is obvious to anyone who doesn't desperately want it not to be true.

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    Re: The results are in on social security

    Quote Originally Posted by xpiher View Post
    Tax cuts do not stimulate the economy unless those tax cuts result in actual demand increase
    this is incorrect - tax cuts designed to stimulate demand have inevitably failed. permanent low flat rates to encourage productive behavior, however, have been demonstrated to succeed.

    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.
    who is proposing tax cuts? of what nature?

    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.
    true. but we are nowhere near that level. call me when revenue is 2% of GDP.

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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post
    no. we have 25 years if we assume that:


    there is a reason the AARP just signaled that they are willing to discuss reductions in Social Security Benefits. Because the math is obvious to anyone who doesn't desperately want it not to be true.
    The only reason AARP"signaled that they are willing to SIT AT THE TABLE" was to make sure that the seniors weren't getting the screwing that Freddy Munster and the ryanscheme has in store for 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

  4. #194
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    Re: The results are in on social security

    they want to take part in guiding the process because they realize that reductions in our entitlements will happen - and they will either happen in a manner of our choosing, or in a manner of our creditors choosing a'la Greece. We do not "have 25 years", and as the AARP admits, popping the cap would make up less than half of the gap.

    at this point, pretending that we are not rapidly approaching the failure point is irresponsibility.

  5. #195
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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Kinda looks like all the doom and gloom was for naught as for as Social Security was concerned.

    THE RESULTS ARE IN ON SOCIAL SECURITY

    Do you ever worry that Social Security might not be there for you when you need it? On May 13, the Trustees of the Social Security Trust Fund released their annual report that affirmatively answers that question: yes, Social Security is alive and well. Below you will find some highlights from the Trustee’s report and important facts about Social Security:

    Amount of annual surplus in 2011: $69 billion

    Projected Trust Fund Balance for 2011: $2.7 trillion

    Number of years Social Security is projected to be able to pay full benefits, without any shortfall: 25 years

    Cost of administering Social Security as percentage of total expenditures: 0.9%

    Average monthly Social Security benefit received by retired Americans: $1,164

    Drop in value of private retirement accounts during the Great Recession: $2.8 trillion

    Drop in value of Social Security benefits during the Great Recession: $0

    Number of recessions Social Security has weathered without failing to pay benefits: 13

    Number of times Social Security has failed to pay an earned benefit: 0

    In response to the Trustee’s report Rep. Becerra, the highest ranking Democrat on the Ways and Means Subcommittee on Social Security, said: “Today’s report confirms what we already know: Social Security will weather the storm once again. You simply can’t buy the kind of retirement, disability and life-insurance protection on the private market that Social Security provides.”

    The Becerra Bulletin, May 2011
    glad the misinformation is being proven a lie
    Bernie Sanders has shed some significant light on it, too:
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: The results are in on social security

    Quote Originally Posted by justabubba View Post
    glad the misinformation is being proven a lie
    Bernie Sanders has shed some significant light on it, too:
    Ten-four on the misinformation/lies. Notice that most of the kool-aid coming from the wingers looks like they are C and P from a scrip? Kinda makes one wonder.
    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 justabubba View Post
    glad the misinformation is being proven a lie
    Bernie Sanders has shed some significant light on it, too:
    Even if the information is false, why are any of the fixes that are purposed bad? The social security trust fund does have a bunch of AAA rated IOUs in there. If the government does get its finical situation in order, it will default on obligations. Where do you think they are going to default first?
    Hayek - too liberal for republicans

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    Ten-four on the misinformation/lies. Notice that most of the kool-aid coming from the wingers looks like they are C and P from a scrip? Kinda makes one wonder.


    they're all saying the same thing because it's true. Social Security expenditures will be reduced, and considering the original intent of the program, an excellent way to do so is to slowly raise the retirement age.

    if you and others on this forum are willing to accept for a moment the possibility that we need not run for our tin-foil hats (hilarious how the same people who make fun of Glenn Beck for saying the same thing about George Soros get their panties in such a wad about the Koch Bros), perhaps you could wonder why THE PRESIDENT'S OWN BI-PARTISAN DEBT REDUCTION COMMISSION SAID THE EXACT SAME THING?




    OH NO!!! The Koch Brothers have BOUGHT OFF THE SOCIAL SECURITY TRUSTEES!






    everyone who thought that Bernie Sanders spitting into a television camera had the ability to change mathematics? heeeres your sign.
    Last edited by cpwill; 06-23-11 at 03:13 AM.

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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post
    they want to take part in guiding the process because they realize that reductions in our entitlements will happen - and they will either happen in a manner of our choosing, or in a manner of our creditors choosing a'la Greece. We do not "have 25 years", and as the AARP admits, popping the cap would make up less than half of the gap.

    at this point, pretending that we are not rapidly approaching the failure point is irresponsibility.
    Quote Originally Posted by justabubba View Post
    glad the misinformation is being proven a lie
    Bernie Sanders has shed some significant light on it, too:
    Quote Originally Posted by donc View Post
    Ten-four on the misinformation/lies. Notice that most of the kool-aid coming from the wingers looks like they are C and P from a scrip? Kinda makes one wonder.
    yeah.... that's about right.


    but wishful thinking doesn't get you $17 Trillion.

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    Re: The results are in on social security

    Quote Originally Posted by cpwill View Post


    they're all saying the same thing because it's true. Social Security expenditures will be reduced, and considering the original intent of the program, an excellent way to do so is to slowly raise the retirement age.

    if you and others on this forum are willing to accept for a moment the possibility that we need not run for our tin-foil hats (hilarious how the same people who make fun of Glenn Beck for saying the same thing about George Soros get their panties in such a wad about the Koch Bros), perhaps you could wonder why THE PRESIDENT'S OWN BI-PARTISAN DEBT REDUCTION COMMISSION SAID THE EXACT SAME THING?




    OH NO!!! The Koch Brothers have BOUGHT OFF THE SOCIAL SECURITY TRUSTEES!






    everyone who thought that Bernie Sanders spitting into a television camera had the ability to change mathematics? heeeres your sign.
    the exact same thing you insist
    please point out where the Bowles Commission recommended that social security funds be invested in the stock market
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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