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Thread: Social Security Payouts Are Already Crippling The Government This Year

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    Social Security Payouts Are Already Crippling The Government This Year

    Cash flow has fallen from $63b to $7b from 2008 to 2010. One might take heart that the number for 2010 is still in the black. But that will not last long. The seasonality of the Fund produces big cash flow losses in the second half of a calendar year. For the full year 2009 the net cash flow was $3.4B. In other words the cash flow fell by $32 billion in the July-December in 2009. It is certain that cash will evaporate in 2010 as well. My number for the net cash flow drain in the second half of 2010 is $55b. This translates to a~$50b deficit for the full year.
    It's not like we didnt know, I remember reading about the upcoming SS cluster**** in the beginning of Bush's second term. We can no longer kick the can down the road with this issue or perhaps it's probably too late.

    Social Security Payouts Are Already Crippling The Government This Year
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by chevydriver1123 View Post
    It's not like we didnt know, I remember reading about the upcoming SS cluster**** in the beginning of Bush's second term. We can no longer kick the can down the road with this issue or perhaps it's probably too late.

    Social Security Payouts Are Already Crippling The Government This Year
    The answer is foolproof. Abolish the SS administration.
    Last edited by Renae; 06-11-10 at 12:37 PM.
    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 Payouts Are Already Crippling The Government This Year

    easy solution
    take the ceiling off. now set at $106,800
    tax the income above that level and social security becomes immediately solvent
    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: Social Security Payouts Are Already Crippling The Government This Year

    I know the answer, keep spending money we dont have!

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    easy solution
    take the ceiling off. now set at $106,800
    tax the income above that level and social security becomes immediately solvent
    No, it merely extends the life of a dead and dying program that should never have been created. Stealing from people isn't the answer.
    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 Payouts Are Already Crippling The Government This Year

    Yeah, I got a paper telling me how much SS I've paid in so far and how much I'd get monthly if I started drawing now, or in 10 years, etc, etc.

    I had to LOL at the idea that I'd EVER ****ing see a dime of my money I've paid in.

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    easy solution
    take the ceiling off. now set at $106,800
    tax the income above that level and social security becomes immediately solvent
    Right, let the rich foot the bill right? :rool:

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by NolaMan View Post
    Right, let the rich foot the bill right? :rool:
    if the person making minimum wage is taxed on every dollar of that meager income
    why would you then exempt those who earn very high incomes from being taxed aboved $106,800?
    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: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by NolaMan View Post
    Right, let the rich foot the bill right? :rool:
    Yeah why not, the govt used all their money so now they should steal from the rich. Too bad if I follow by example i get SENT TO JAIL.

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    if the person making minimum wage is taxed on every dollar of that meager income
    why would you then exempt those who earn very high incomes from being taxed aboved $106,800?
    How about I just agree to pay dollar for dollar what the person earning minimum wage is putting in?

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