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Thread: Social Security To Go Bust By 2030: CBO

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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    Which is why we must take action to
    1 - pop the cap on FICA contribution so that ALL 100% of earners pay FICA on all 100% of their earnings just like 93% of earners do today
    2 - freeze benefit levels with a possible modest inflation increase

    Studies and experts have demonstrated that if you do these two things, you solve over 80% of this financial problem.
    End SS instead of throwing money and resources into a black hole.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by MrVicchio View Post
    End SS instead of throwing money and resources into a black hole.
    I see you are not really big on honoring commitments to the American people when they have fulfilled their end of the deal.
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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    I see you are not really big on honoring commitments to the American people when they have fulfilled their end of the deal.
    Please, spare me the bull**** line about "honoring commitments" the system has failed it's going to collapse in our faces. And when I say end I don't just mean end, tomorrow, that's it have a nice day. But you're free to push that line of bull****, just remember what that says about you.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by MrVicchio View Post
    Please, spare me the bull**** line about "honoring commitments" the system has failed it's going to collapse in our faces. And when I say end I don't just mean end, tomorrow, that's it have a nice day. But you're free to push that line of bull****, just remember what that says about you.
    It sounds like I was raised with conservative values while you were not - or at least they did not take in your case. My father raised me to pay ones existing obligations before taking upon any new ones. He also told me that if you have to go out and work harder to raise your income to honor your commitments - then that is what you do.

    It is sad that those old fashioned American values are spurned and rejected by some people today who simply view those sentiments as BS - that was your characterization wasn't it.
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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    It sounds like I was raised with conservative values while you were not - or at least they did not take in your case. My father raised me to pay ones existing obligations before taking upon any new ones. He also told me that if you have to go out and work harder to raise your income to honor your commitments - then that is what you do.

    It is sad that those old fashioned American values are spurned and rejected by some people today who simply view those sentiments as BS - that was your characterization wasn't it.
    Whatever, don't give me that crap about "conservative values" cause you just spoutin' words there.
    Honoring commitments would be to have a SS system that wasn't built on a ponzi scheme, that wasn't used to fund progressive big government boondoggles. Here's the gig, you're little speech, was meaningless flutter.

    End Social Security by winding it down, paying lump sums to those receiving or offering to keep them on it till they pass. End it by lump summing out to those that paid in working backwards from eldest to youngest. That's the way to END SS.

    Replace it with transferable on death, personal savings accounts that follow you from job to job, state to state, even out of country. You can choose stocks, bonds, precious metals... who cares! Your choice. When you hit 65, you can start withdrawing. If you pass away before that day, or you have monies in there when you die... you can set up who that money would go to, tax free.

    THAT, is conservative values, not the malarkey you're shoveling.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by MrVicchio View Post
    Whatever, don't give me that crap about "conservative values" cause you just spoutin' words there.
    But I already gave it to you. You want it again?

    What is there about honoring our national commitments to people who held up their end of the bargain that you do not support? What is there about paying your existing obligations that you have already incurred before taking on new ones that you object to?

    Those are old fashioned conservative American values. I have them. Apparently you have turned your back on them. Very sad.

    THAT, is conservative values, not the malarkey you're shoveling.
    You are badly confusing right wing ideology with traditional American conservative values.
    Last edited by haymarket; 07-27-14 at 10:29 PM.
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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    But I already gave it to you. You want it again?

    What is there about honoring our national commitments to people who held up their end of the bargain that you do not support? What is there about paying your existing obligations that you have already incurred before taking on new ones that you object to?

    Those are old fashioned conservative American values. I have them. Apparently you have turned your back on them. Very sad.



    You are badly confusing right wing ideology with traditional American conservative values.
    Confsed, nay i am not the one who thinks what you are typing is witty and intelligent commentary.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by MrVicchio View Post
    Confsed, nay i am not the one who thinks what you are typing is witty and intelligent commentary.
    But you are the one who wants to turn their back upon the American people and not honor our commitments to them when they fulfilled their part of the deal. That is hardly part of any value system which embraces good old fashioned American conservative principles like keeping your word, holding up your end of the bargain and not taking on new expenses until you pay for the ones you already have committed to.
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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    But you are the one who wants to turn their back upon the American people and not honor our commitments to them when they fulfilled their part of the deal. That is hardly part of any value system which embraces good old fashioned American conservative principles like keeping your word, holding up your end of the bargain and not taking on new expenses until you pay for the ones you already have committed to.
    Which aspects of the deal regarding Social Security hasn't been changed, thus far? Ages have been increased, the program has been means tested, the amount of income taxable to Social Security has steadily increased. Any aspect of the program can be changed after the fact and not all of those changed thus far have been popular.

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    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by haymarket View Post
    Which is why we must take action to
    1 - pop the cap on FICA contribution so that ALL 100% of earners pay FICA on all 100% of their earnings just like 93% of earners do today
    2 - freeze benefit levels with a possible modest inflation increase

    Studies and experts have demonstrated that if you do these two things, you solve over 80% of this financial problem.
    If you remove the cap on FICA taxes without a corresponding benefit increase, you will depress potential GDP indefinitely.

    Doing what you suggest will trade "80% of this financial problem" with a whole new set of financial problems.

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