Page 4 of 42 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 415

Thread: The results are in on social security

  1. #31
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: The results are in on social security

    Quote Originally Posted by Mickey Shane View Post
    Emphasis is mine.

    Do you have any idea what paying everyone back (it's going to have to be adjusted for inflation (today's dollars + interest)) would cost? There are a zillion of us who have payed in every year that we have worked for our whole lives. Can you say "double the deficit"?

    Sure. I knew you could.
    That's hardly a reason not to do it - it costs more every year to perpetuate than it would to end it, for sure.

    They could start by just ending new approrpiations - and slowly work everyone out of the system as nature deems it over the next few decades.

    Sounds more appealing than being continually in inflated debt which grows exponentially every year instead.
    Last edited by Aunt Spiker; 06-02-11 at 06:38 PM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  2. #32
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    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
    And if we raise the contribution cap and prevent the theft from it for general revenue needs as an alternative to eliminating the tax cuts for the rich, it could become completely self-sustaining again.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #33
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    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
    You trusted Bernie Madoff to the very end didnt you Donc...........

    ........just keep telling yourself its all going to be sunshine and lollipops.........

    Social Security to pay out more than it takes in for first time ever - New York Daily News

    Social Security to pay out more than it takes in for first time ever
    .
    .
    .
    .....Social Security is surely a ponzi scheme built to last........
    .
    .
    .

  4. #34
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    01-18-18 @ 11:43 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,435

    Re: The results are in on social security

    Quote Originally Posted by Catawba View Post
    And if we raise the contribution cap and prevent the theft from it for general revenue needs as an alternative to eliminating the tax cuts for the rich, it could become completely self-sustaining again.

    It seems our winger contingent would rather bum money from China for our two and a half wars, than honor an IOU made forty years ago. Same thing, borrowed money.

    The same ChiComs who almost sixty years ago, backed by their Commie puppet master in the Kremlin, in support of fellow Commie North Korea, attacked the United States Army’s 8th Cav and the ROK,s 15th,near Unsan.

    So sad, when you see Americans in favor of honoring a debt made to Commies, over those, that are more than likely the offspring of those that were fighting the ChiComs. Don’t get me started on the billions we borrow from the Saudi’s and others that want us dead.
    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

  5. #35
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:30 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,455

    Re: The results are in on social security

    Quote Originally Posted by Catawba View Post
    And if we raise the contribution cap and prevent the theft from it for general revenue needs as an alternative to eliminating the tax cuts for the rich, it could become completely self-sustaining again.

    While tax cuts impacting the deficit and debt is a valid issue, let's not conflate it with the lie above. This comingling of funds has gone on for many years and you are informed enough to know that.

  6. #36
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    01-18-18 @ 11:43 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,435

    Re: The results are in on social security

    Quote Originally Posted by washunut View Post
    While tax cuts impacting the deficit and debt is a valid issue, let's not conflate it with the lie above. This comingling of funds has gone on for many years and you are informed enough to know that.
    What lie are we not to conflate?
    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

  7. #37
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:30 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,455

    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    What lie are we not to conflate?
    The talk about taking social security funds to maintain tax cuts for the rich. Social security was dropped into the "unified" budget decades ago. Now I do consider it a theft, but the reason in my view was to sugarcoat deficits, not for any specific tax cut.

  8. #38
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

    Re: The results are in on social security

    Quote Originally Posted by donc View Post

    I don't pretend to be an accountant, as a mater of fact It’s difficult for me to keep my check book balanced but these two graphs from SS sure don't look to me like were in as bad a shape as the wingers are claiming.

    First graph says the trust fund is $2.6 trillion to the good as of 2010.(
    The first graph shows all of the IOUs. There is no money. It was all spent. There is a promise to pay. Who pays? Taxpayers. It is a huge lie. It may be the worst lie in the history of the world.

    There are no assets.

  9. #39
    Banned
    Join Date
    May 2011
    Location
    Huntsville, AL
    Last Seen
    03-03-17 @ 10:28 AM
    Gender
    Lean
    Conservative
    Posts
    13,813

    Re: The results are in on social security

    Quote Originally Posted by hazlnut View Post
    How about end of life counseling? You know, so we don't keep people alive on machines because they never left any instructions...
    Now this is something the government has a great deal of experience in. Hounding people to death.

    Quote Originally Posted by hazlnut View Post
    I think the brilliant stateswoman former ex-Gov of a welfare state call them 'Death Panels'. And that statement was ranked the #1 lie of the year.
    And yet, it turned out to be true. There are rationing panels. They are death panels. A government bureaucrat will get to decide whether you live or die. Liberals might prefer to call them life panels in honor of the select few who will be allowed to live. If it comes to fruition everyone will want to become a card carrying member of the communist party of the United Sta...uh, Democratic party.

    Quote Originally Posted by hazlnut View Post
    So, you see, the Dems tried to do something about the cost of public health care for the elderly. Something very sensible, something pragmatic and compassionate, helping people to make informed decisions about their own health care.
    It seems compassionate to me. Imagine someone thinking they should be able to live even though they are no longer (choose one) a liberal or a taxpayer.

  10. #40
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    01-18-18 @ 11:43 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,435

    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    The first graph shows all of the IOUs. There is no money. It was all spent. There is a promise to pay. Who pays? Taxpayers. It is a huge lie. It may be the worst lie in the history of the world.

    There are no assets.

    There are no assets?

    U. S. Government securities are not assets??The last time I checked they still had a 5 star rating by Morningstar.Of course that could change pretty fast if the tea baggars don’t lift the debt ceiling.
    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

Page 4 of 42 FirstFirst ... 2345614 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •