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Employers add no net jobs in Aug.; rate unchanged

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pbrauer said:
Social Security invests it's money in U.S. treasury securities. :coffeepap:
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Which is why you cannot consider them a ponzi scheme!
 
1Perry: "It's illegal for me to kill someone that is no threat to me. The government may do so. Unfortunately the government allows themselves to legally do things what would be illegal for others."

Sheik Yerbuti: "In what way does the government legally kill someone who is not a threat?"

1Perry said:
McVeigh execution: A 'completion of justice' - CNN
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Umm, McVeigh was a threat to society.
 
Goldenboy219 said:
They are funded via government revenue (taxes) and re-service.
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And since we are running a huge deficit, have a 14.6 trillion dollar debt, and have trillions in IOU's for SS where is the money going to come from to pay those obligations?
 
Conservative said:
And since we are running a huge deficit, have a 14.6 trillion dollar debt, and have trillions in IOU's for SS where is the money going to come from to pay those obligations?
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They pay them on a daily basis as the securities mature. We have yet to default. Should we instead use the SS surplus to purchase private debt; the yields that enron offered back in 2000 were quite nice!
 
Goldenboy219 said:
They pay them on a daily basis as the securities mature. We have yet to default. Should we instead use the SS surplus to purchase private debt?
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There isn't enough revenue to fund the 3.7 trillion dollar govt and the IOU's in SS/Medicare which is why we need massive govt. spending cuts and a growing economy that will grow revenue.
 
Conservative said:
Rocket, from what I could see from your posts there is only one person in this world that is perfect. Congratulations, you are that person. Reagan wasn't perfect, but he sure beat everyone since and most before. His economic policy changed the political spectrum and instilled a sense of pride in all Americans, something that liberals to this day cannot stand. Reagan talked about American exceptionalism and promoted individual wealth creation making people feel great about themselves and challenged them to be better than they could be. That incentive paid off a booming economy and great individual wealth creation
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I'm not perfect, I've just never heard anybody on the Right not parrot the line that Reagan = George Washington and Jesus Christ all rolled into one.

I'm still laughing that you said he was wrong about anything. I think you'll have to turn in your party membership over that one.
 
Conservative said:
There isn't enough revenue to fund the 3.7 trillion dollar govt and the IOU's in SS/Medicare which is why we need massive govt. spending cuts and a growing economy that will grow revenue.
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Spending cuts do not grow the economy, unless of course public debt crowds out private capital (but that cannot occur during periods of high unemployment or a large/negative current account). Gains in productivity, innovation, and access to new markets (be they internal or global) grow the economy. Period!
 
Conservative said:
Obviously better than yours, here is the budget of the United States. Tell me why SS is listed as an on budget item? Is it ego that will not let you admit that you are wrong and that liberalism has made a fool out of you?

Receipt 2010

Individual Income tax 898.5
Corporate Taxes 191.4

Total 1,089.9

SS/Unemploy/Other 864.8

Excise Taxes 66.9


2,021.6

Expenses

Defense 696.1
International Affairs 45.2
Gen. Science, Space 30.9
Energy 11.5
Natural resources/env 41,6
Agriculture 23.2
Commerce -82.9
Transportation 92.5
Community Dev 24.9
Education/Train/Social 125.1
Health 369.0
Medicare 451.6
Income Security 624.0
Social Security 706.7
Veterans Benefits 108.4
Justice 55.2
General Govt. 18.1
Net Interest 196.9


Total 3496.4
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It's obvious that you are not stupid so that only leaves one conclusion you choose to be less then truthful, you have an agenda and you do not believe that anyone can see through your BS and know what you really want, Bottom line millions of hard working people invested thier hard earned money into SS and a good portion of them depend on SS for basic needs like food and housing, so go ahead and put your fingers in it, I can't wait

Social Security Trust Fund - Wikipedia, the free encyclopedia

In the United States, the Social Security Trust Fund is a fund operated by the Social Security Administration into which are paid contributions from workers and employers under the Social Security system and out of which benefit payments to retirees, survivors, and the disabled, and general administrative expenses are paid.

Most of the fund is considered float and can be invested in securities issued by the federal government. These securities can be redeemed as needed to make benefit payments in the future when contributions derived from payroll taxes and self-employment contributions no longer are sufficient to fully fund then-current benefit payments. (The controversy over whether the U.S. government is capable of doing this is a topic of the sustainability of the unified Federal budget.)

Because under current federal law these securities represent future obligations that must be repaid, the federal government includes these securities within the overall national debt.[1][2] The portion of the national debt that is not considered "publicly held" represents the obligations incurred by the government to itself, the bulk of which consists of the government's obligations to the Social Security Trust Fund

There is one large Ponzi Scheme that needs to be broken down and dismantled it's called Wall Street all them brokers who walk away with millions and billions of of dollars should be brough to trial for participating in a Ponzi Scheme.
 
Sheik Yerbuti said:
1Perry: "It's illegal for me to kill someone that is no threat to me. The government may do so. Unfortunately the government allows themselves to legally do things what would be illegal for others."

Sheik Yerbuti: "In what way does the government legally kill someone who is not a threat?"

Umm, McVeigh was a threat to society.
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How? He was locked up in prison never to be released.
 
Goldenboy219 said:
Ummm. He was a terrorist who destroyed the lives of 169 Americans, and shook the lives of thousands who miss them.
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Of course. He was no longer a threat though. It was a revenge killing. As I stated, something I can't do.
 
1Perry said:
How? He was locked up in prison never to be released.
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Maybe you can start a thread in another sub forum about how you despise the death penalty. :shrug:
 
Goldenboy219 said:
Spending cuts do not grow the economy, unless of course public debt crowds out private capital (but that cannot occur during periods of high unemployment or a large/negative current account). Gains in productivity, innovation, and access to new markets (be they internal or global) grow the economy. Period!
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Spending cuts mean less tax revenue going to fund the govt. and thus more money to the debt service and funding the IOU's. The govt. cannot create private sector prosperity and it is the private sector that is going to get us out of this mess. We need 25 million unemployed Americans back at work paying taxes and that isn't going to happen with govt. spending.
 
Conservative said:
Spending cuts mean less tax revenue going to fund the govt. and thus more money to the debt service and funding the IOU's. The govt. cannot create private sector prosperity and it is the private sector that is going to get us out of this mess. We need 25 million unemployed Americans back at work paying taxes and that isn't going to happen with govt. spending.
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Let's assume we balance the budget AND SS runs a surplus.... What do they do?

As the baby-boom generation retires, there will be a great deal of demand for labor to fill the positions left behind.
 
EarlzP said:
It's obvious that you are not stupid so that only leaves one conclusion you choose to be less then truthful, you have an agenda and you do not believe that anyone can see through your BS and know what you really want, Bottom line millions of hard working people invested thier hard earned money into SS and a good portion of them depend on SS for basic needs like food and housing, so go ahead and put your fingers in it, I can't wait

Social Security Trust Fund - Wikipedia, the free encyclopedia

In the United States, the Social Security Trust Fund is a fund operated by the Social Security Administration into which are paid contributions from workers and employers under the Social Security system and out of which benefit payments to retirees, survivors, and the disabled, and general administrative expenses are paid.

Most of the fund is considered float and can be invested in securities issued by the federal government. These securities can be redeemed as needed to make benefit payments in the future when contributions derived from payroll taxes and self-employment contributions no longer are sufficient to fully fund then-current benefit payments. (The controversy over whether the U.S. government is capable of doing this is a topic of the sustainability of the unified Federal budget.)

Because under current federal law these securities represent future obligations that must be repaid, the federal government includes these securities within the overall national debt.[1][2] The portion of the national debt that is not considered "publicly held" represents the obligations incurred by the government to itself, the bulk of which consists of the government's obligations to the Social Security Trust Fund

There is one large Ponzi Scheme that needs to be broken down and dismantled it's called Wall Street all them brokers who walk away with millions and billions of of dollars should be brough to trial for participating in a Ponzi Scheme.
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Still cannot admit that you are wrong, I gave you the official SS site and that isn't good enough for you. I gave you the budget of the United States line item income and expenses and that is not good enough for you. You simply don't understand what you are even posting and you certainly don't understand that SS is not in a trust fund and hasn't been since the 60's. Your Wikipedia doesn't say what you claim it says and you totally ignore SS's own site that says that SS is on budget. This is a waste of time as you are too brainwashed to deal with.
 
pbrauer said:
Where did I say that?? :shock:
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Because someone said SS was a ponzi scheme, and if it wasn't and described it, what was it? And you said insurance. So SS is mandated to be taken out of your check, thus according to you, its gov't mandated insurance.
 
Goldenboy219 said:
Let's assume we balance the budget AND SS runs a surplus.... What do they do?

As the baby-boom generation retires, there will be a great deal of demand for labor to fill the positions left behind.
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A surplus needs to fund the SS IOU's so we don't have to print or borrow more money. If that is the case you are going to see massive inflation hurting SS recipients as the value of their checks will be much less.
 
Conservative said:
Still cannot admit that you are wrong
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Interesting coming from someone who does not understand the macro economy, finance, monetary policy, statistical (econometric) analysis and saying someone will not admit they are wrong?

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