Page 11 of 12 FirstFirst ... 9101112 LastLast
Results 101 to 110 of 114

Thread: Official: Obama Proposes Cuts to Social Security

  1. #101
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by mtm1963 View Post
    it will not be able to pay promised benefits in the future if the current setup stays in place.
    Under the current set up, SS is solvent for the next 26 years.
    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

  2. #102
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by cpwill View Post
    That is not correct. The dollar bills in my pocket can legally be traded for things. The "Special Promissory Notes" in the SS Fund cannot.

    If your checking account deposits a "I promise to pay you in the future" note in your savings account, your net worth has not increased - because you have not added any wealth. Nor does the "Trust Fund" currently count as wealth - it is simply an annotation that future Congresses will magically figure out a way to tax or borrow enough to pay out what past Congresses have promised.
    Did I say "useful" or "valid"? Valid as in T-bills and dollar bills are both backed by the US Treasury. If you think one is worthless (unbacked) then both are worthless.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  3. #103
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by American View Post
    When no one else is getting COLAs, why do seniors get them?
    They didn't get increases for two (3?) years because the COLAs were negative numbers.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  4. #104
    Dungeon Master
    Chicks dig the long ball

    azgreg's Avatar
    Join Date
    Jan 2012
    Location
    Phoenix, AZ
    Last Seen
    Today @ 10:40 AM
    Gender
    Lean
    Independent
    Posts
    14,138

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by Catawba View Post
    Under the current set up, SS is solvent for the next 26 years.
    Then what?

  5. #105
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by azgreg View Post
    Then what?
    Before then, when we have voted in a congress capable of representing the majority of people, we will have to follow the Simpson-Bowles plan for fixing SS for the long term - raise retirement age to 68 over the next ten years, change the way COLA is computed, and raise the cap on contributions from the wealthy. That makes SS sustainable for the long term.
    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

  6. #106
    Dungeon Master
    Chicks dig the long ball

    azgreg's Avatar
    Join Date
    Jan 2012
    Location
    Phoenix, AZ
    Last Seen
    Today @ 10:40 AM
    Gender
    Lean
    Independent
    Posts
    14,138

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by Catawba View Post
    Before then, when we have voted in a congress capable of representing the majority of people, we will have to follow the Simpson-Bowles plan for fixing SS for the long term - raise retirement age to 68 over the next ten years, change the way COLA is computed, and raise the cap on contributions from the wealthy. That makes SS sustainable for the long term.
    Well I don't have any faith in either party to do anything about it until the time to kick the can down the road is 5 years in the rear view mirror.

  7. #107
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by azgreg View Post
    Well I don't have any faith in either party to do anything about it until the time to kick the can down the road is 5 years in the rear view mirror.
    What's your plan then?
    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

  8. #108
    Dungeon Master
    Chicks dig the long ball

    azgreg's Avatar
    Join Date
    Jan 2012
    Location
    Phoenix, AZ
    Last Seen
    Today @ 10:40 AM
    Gender
    Lean
    Independent
    Posts
    14,138

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by Catawba View Post
    What's your plan then?
    I think it's time to start rolling back the retirement age.

  9. #109
    Sage
    Fisher's Avatar
    Join Date
    Sep 2012
    Last Seen
    12-06-13 @ 02:44 PM
    Gender
    Lean
    Very Liberal
    Posts
    17,002

    Re: Official: Obama Proposes Cuts to Social Security

    Contained growth isn't really a cut. Just scaring old folks again as if they are not jittery enough.

  10. #110
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Official: Obama Proposes Cuts to Social Security

    Quote Originally Posted by azgreg View Post
    I think it's time to start rolling back the retirement age.
    That alone won't fix the problem and seniors will never put people in office that will do that. And the GOP can't win elections without the senior vote.

    What else you got?
    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

Page 11 of 12 FirstFirst ... 9101112 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
  •