View Poll Results: Are seniors that use SS one of these...

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  • Terrorists

    12 26.67%
  • Leftists

    5 11.11%
  • Lazy

    1 2.22%
  • Parasites

    27 60.00%
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Thread: Are Seniors Lazy Parasites

  1. #131
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    Prove it.. I don't see no links in your post??
    Quote Originally Posted by Wiki
    The 2011 annual report by the program's Board of Trustees noted the following: in 2010, 54 million people were receiving Social Security benefits, while 157 million people were paying into the fund; of those receiving benefits, 44 million were receiving retirement benefits and 10 million disability benefits. In 2011, there will be 56 million beneficiaries and 158 million workers paying in. In 2010, total income was $781.1 billion and expenditures were $712.5 billion, which meant a total net increase in assets of $68.6 billion. Assets in 2010 were $2.6 trillion, an amount that is expected to be adequate to cover the next 10 years. In 2023, total income and interest earned on assets are projected to no longer cover expenditures for Social Security, as demographic shifts burden the system. By 2035, the ratio of potential retirees to working age persons will be 37% — there will be less than three potential income earners for every retiree in the population. The trust fund would then be exhausted by 2036 without legislative action.
    Quote Originally Posted by Wiki
    In 2009 the Office of the Chief Actuary of the Social Security Administration calculated an unfunded obligation of $15.1 trillion for the Social Security program. The unfunded obligation is the difference between the present value of the cost of Social Security and the present value of the assets in the Trust Fund and the future scheduled tax income of the program.
    Social Security (United States) - Wikipedia, the free encyclopedia)

    The bonds are not putting the money towards income producing assets, like creating value added products or services.
    They are merely paying for government programs and services.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  2. #132
    Educator DemonMyst's Avatar
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by Harry Guerrilla View Post
    Social Security (United States) - Wikipedia, the free encyclopedia)

    The bonds are not putting the money towards income producing assets, like creating value added products or services.
    They are merely paying for government programs and services.
    You will have to do better than wikipedia.. No college in america accepts that as a credible source.. That would be strike one..

  3. #133
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    You will have to do better than wikipedia.. No college in america accepts that as a credible source.. That would be strike one..
    Actually, you are incorrect in that regard. Three or four years ago, you would be correct. However today there is actually more peer-review of Wikipedia, even among academic circles, than is commonly found in traditional academic online databases such as JSTOR and LexusNexus.

  4. #134
    Educator DemonMyst's Avatar
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by ElijahGalt View Post
    Actually, you are incorrect in that regard. Three or four years ago, you would be correct. However today there is actually more peer-review of Wikipedia, even among academic circles, than is commonly found in traditional academic online databases such as JSTOR and LexusNexus.
    Well.. I am just going by some of the issue my wife is having.. Pima medical won't accept it.. Highline commuty college won't accept it and neither will the UW.. So maybe there are some colleges out there that will.. It still isn't a good source..

    There are a number of articles out there about the SS surplus.. It doesn't matter if it is bonds or what it is.. The issue is that SS isn't this big burdon that conservatives like to say it is.. They just want it to be, because it is more tasteful to them to make grandma and grandpa poorer than they already are, instead of making the rich pay their share..

    Anyone remember talk about Bush raiding the SS lockbox?? What exactly were they talking about then??

    http://www.slate.com/id/2093707/
    Last edited by DemonMyst; 07-30-11 at 07:28 AM.

  5. #135
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    You will have to do better than wikipedia.. No college in america accepts that as a credible source.. That would be strike one..
    These are the articles that are referenced for each of the quoted areas I used from Wiki.
    Feel free to peruse them for validity.
    Of course Wikipedia is just as good and collegiate discrimination is not evidence that the material is factually incorrect.

    2011 Annual Report by the Social Security Board of Trustees – Journalist's Resource: Research for Reporting, from Harvard Shorenstein Center

    http://www.ssa.gov/OACT/NOTES/ran1/an2008-1.pdf

    http://www.socialsecurity.gov/OACT/TR/2009/tr09.pdf
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  6. #136
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    Well.. I am just going by some of the issue my wife is having.. Pima medical won't accept it.. Highline commuty college won't accept it and neither will the UW.. So maybe there are some colleges out there that will.. It still isn't a good source..

    There are a number of articles out there about the SS surplus.. It doesn't matter if it is bonds or what it is.. The issue is that SS isn't this big burdon that conservatives like to say it is.. They just want it to be, because it is more tasteful to them to make grandma and grandpa poorer than they already are, instead of making the rich pay their share..

    Anyone remember talk about Bush raiding the SS lockbox?? What exactly were they talking about then??
    Congress was using SS funds before Bush.
    You don't need to turn this into a political mud slinging fest.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #137
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by Harry Guerrilla View Post
    Congress was using SS funds before Bush.
    You don't need to turn this into a political mud slinging fest.
    I am not.. My point is that SS isn't this big huge debt that conservatives think it is.. That is all..

    At the very least there is conflicting information out there.. I have seen tons of graphs showing it to be a huge debt, which still strikes me as odd as it has it's own tax to fund it.. It isn't part of the general fund or tax..

    And then there are tons of articles claiming it has a surplus and all is well?? I would guess the truth is somewhere in the middle.. Which means that SS isn't in a lot of trouble and for the most part is most likely solvent for the time being.. Which means there is no reason to mess with it..

  8. #138
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    Well.. I am just going by some of the issue my wife is having.. Pima medical won't accept it.. Highline commuty college won't accept it and neither will the UW.. So maybe there are some colleges out there that will.. It still isn't a good source..

    There are a number of articles out there about the SS surplus.. It doesn't matter if it is bonds or what it is.. The issue is that SS isn't this big burdon that conservatives like to say it is.. They just want it to be, because it is more tasteful to them to make grandma and grandpa poorer than they already are, instead of making the rich pay their share..

    Anyone remember talk about Bush raiding the SS lockbox?? What exactly were they talking about then??
    What is absolutely hilarious is that so many individuals believe the SS surplus of 2000 somehow meant that our government had completely paid its debt. We still had an enormous deficit and the bond surplus, whatever it was, was a very short-term gain that ended quickly. In Clinton's glorious years, we were still seeing an increase in spending, but the increase in spending was limited relative to the spending habits of previous and future administrations.

  9. #139
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by Harry Guerrilla View Post
    These are the articles that are referenced for each of the quoted areas I used from Wiki.
    Feel free to peruse them for validity.
    Of course Wikipedia is just as good and collegiate discrimination is not evidence that the material is factually incorrect.

    2011 Annual Report by the Social Security Board of Trustees – Journalist's Resource: Research for Reporting, from Harvard Shorenstein Center

    http://www.ssa.gov/OACT/NOTES/ran1/an2008-1.pdf

    http://www.socialsecurity.gov/OACT/TR/2009/tr09.pdf
    Assets in 2010 were $2.6 trillion, an amount that is expected to be adequate to cover the next 10 years.
    That was from one of your links.. There is your surplus..

  10. #140
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    Re: Are Seniors Lazy Parasites

    Quote Originally Posted by DemonMyst View Post
    I am not.. My point is that SS isn't this big huge debt that conservatives think it is.. That is all..

    At the very least there is conflicting information out there.. I have seen tons of graphs showing it to be a huge debt, which still strikes me as odd as it has it's own tax to fund it.. It isn't part of the general fund or tax..

    And then there are tons of articles claiming it has a surplus and all is well?? I would guess the truth is somewhere in the middle.. Which means that SS isn't in a lot of trouble and for the most part is most likely solvent for the time being.. Which means there is no reason to mess with it..
    The truth is that the money is collected, spent on current retirees, while all surpluses are given to Congress to spend in the general fund and the treasury is issued bonds, to supposedly cover future payments.

    This isn't the 1st time SS has had problems, it's been an on going issue since the 70's.
    With band aids made to patch it up.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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