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Employers add no net jobs in Aug.; rate unchanged

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Conservative said:
Ronald Reagan took over a SS system that was going broke, he raised FICA taxes to cover the shortfall and expected future Presidents to not use the surplus like Previous Presidents did. He was wrong just like you are wrong now
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So, you're saying Reagan didn't "steal" money from Social Security?
 
rocket88 said:
Blah, blah, Obama, blah blah....

You said Reagan was wrong. That's priceless.
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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
 
Conservative said:
Every President BUT Reagan has taken money from SS and put it on budget. SS was never created to have the surplus put on the budget and then spent. tha tis why there are trillions of IOU's now. Any idea what SS benefits are going to be worth when the SS IOU's are cashed in with borrowed or printed money?
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They have treasury securities. What would you suggest they invest in?
 
pbrauer said:
So, you're saying Reagan didn't "steal" money from Social Security?
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Not that I can find, SS fund was going broke at the time due to past Presidents using the money. It was running out of cash thus the increase in FICA taxes, you know, those taxes now being cut by "your" President
 
winston53660 said:
They have treasury securities. What would you suggest they invest in?
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Check out what insurance companies invest in. Treasury securities have to be converted to cash so here is that cash coming from?
 
Conservative said:
Every President BUT Reagan has taken money from SS and put it on budget. SS was never created to have the surplus put on the budget and then spent. tha tis why there are trillions of IOU's now. Any idea what SS benefits are going to be worth when the SS IOU's are cashed in with borrowed or printed money?
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I was asking about how MUCH was raided by the various admins. And was it the prez's in question or the congresses? It would be pretty interesting info, I was just hoping somebody had the numbers handy because I'm lazy.
 
Conservative said:
Check out what insurance companies invest in. Treasury securities have to be converted to cash so here is that cash coming from?
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So you have no clue as to what SS Admin. should invest in, go figure.....
 
Conservative said:
Earlz, you just show how brainwashed you are. Your money is gone, that doesn't mean you will not get someone else's but the fact is you don't have a clue. Too bad you aren't as concerned as to where your contribution went in the first place.
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Like I said go ahead put your conservative fingers into SS, I want to see the senate and congress controlled by the democrats so we can get see our country returned to a pre-Bush era. Your not brainwashed you just want to see all americans investing in Wall Street that would give you and your buddies access to every Americans savings, hold your breath until it happens
 
What if...? said:
I was asking about how MUCH was raided by the various admins. And was it the prez's in question or the congresses? It would be pretty interesting info, I was just hoping somebody had the numbers handy because I'm lazy.
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LBJ was looking for a way to fund the Vietnam War and saw more money coming into the govt. than going out so he put the surplus on budget and then used that to fund the Vietnam War. After he left office other Presidents saw that ATM machine and used it as well, thus replacing the amount with SS. It then snowballed and now that more money is going out than coming in it is time to cash in those IOU's so where is the money coming from?

As for your question, hard to tell but we have trillions in SS IOU's which gives you the amount, hard to tie to a particular President but it can be done by looking at the budgets for each President
 
EarlzP said:
Like I said go ahead put your conservative fingers into SS, I want to see the senate and congress controlled by the democrats so we can get see our country returned to a pre-Bush era. Your not brainwashed you just want to see all americans investing in Wall Street that would give you and your buddies access to every Americans savings, hold your breath until it happens
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Earl, I could put my fingers into SS and pick up a lot of IOU's. You are an example of someone so brainwashed you have no credibility.
 
Conservative said:
Earl, I could put my fingers into SS and pick up a lot of IOU's. You are an example of someone so brainwashed you have no credibility.
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Is this a debating point, Conservative??
 
pbrauer said:
Is this a debating point, Conservative??
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debating point? LOL, no, nothing to debate on that statement, looks like fact to me. When are you going to realize that SS is indeed a legal ponzi scheme in that your money went to pay someone else and someone else is paying you now. What is a ponzi scheme?
 
Conservative said:
debating point? LOL, no, nothing to debate on that statement, looks like fact to me. When are you going to realize that SS is indeed a legal ponzi scheme in that your money went to pay someone else and someone else is paying you now. What is a ponzi scheme?
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What is a legal gambling casino? Let me help you "wall street" that's where those who have insider information steal the money from those investors that don't under stand how wall street works. Wall Street thats where insiders come away billionaires and small investors leave their retirement dreams.
 
Conservative said:
debating point? LOL, no, nothing to debate on that statement, looks like fact to me. When are you going to realize that SS is indeed a legal ponzi scheme in that your money went to pay someone else and someone else is paying you now. What is a ponzi scheme?
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I am not going to debate you what a ponzi scheme is or isn't. If Perry wants to call SS a ponzi scheme, let him go to every corner of the nation with his message.
 
EarlzP said:
What is a legal gambling casino? Let me help you "wall street" that's where those who have insider information steal the money from those investors that don't under stand how wall street works. Wall Street thats where insiders come away billionaires and small investors leave their retirement dreams.
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Wall Street is where Republicans/conservatives think where the wealth of our nation is created.:(
 
Conservative said:
debating point? LOL, no, nothing to debate on that statement, looks like fact to me. When are you going to realize that SS is indeed a legal ponzi scheme in that your money went to pay someone else and someone else is paying you now. What is a ponzi scheme?
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Don't you understand there's no such thing as a legal ponzi scheme? A ponzi scheme is illegal by definition. If it's legal, it's not a ponzi scheme.
 
EarlzP said:
What is a legal gambling casino? Let me help you "wall street" that's where those who have insider information steal the money from those investors that don't under stand how wall street works. Wall Street thats where insiders come away billionaires and small investors leave their retirement dreams.
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What the hell does that have to do with SS and your contribution used to pay someone else instead of being put into an account for you? You are letting your opinions making you look foolish. Wall Street has nothing to do with SS nor should it but Congress has been spending your money for decades. So some research please and take the amount you put into SS and your employer put into SS and apply simple savings account interest and see how much you would have had today and that money for your use? I am amazing at how uninformed so many are today. This isn't a Republican or a Democrat issue, this is a national issue as both parties are guilty of the fraud.
 
pbrauer said:
Wall Street is where Republicans/conservatives think where the wealth of our nation is created.:(
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It's where Geithner thinks wealth is created. He is argueing today to prime the pump even more. Geithner's boss is?
 
pbrauer said:
I am not going to debate you what a ponzi scheme is or isn't. If Perry wants to call SS a ponzi scheme, let him go to every corner of the nation with his message.
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I stand by my statement, it is what it is, your money going to someone else and someone else paying your SS check. That isn't insurance, that is the characteristics of a ponzi scheme.
 
Sheik Yerbuti said:
Don't you understand there's no such thing as a legal ponzi scheme? A ponzi scheme is illegal by definition. If it's legal, it's not a ponzi scheme.
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The characteristics of a Ponzi scheme and SS are exactly the same.
 
Sheik Yerbuti said:
Don't you understand there's no such thing as a legal ponzi scheme? A ponzi scheme is illegal by definition. If it's legal, it's not a ponzi scheme.
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Your arguement is that the government isn't about to arrest itself. Yeah, no kidding.
 
Conservative said:
I stand by my statement, it is what it is, your money going to someone else and someone else paying your SS check. That isn't insurance, that is the characteristics of a ponzi scheme.
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By that description, a bank is a ponzi scheme.
 
Sheik Yerbuti said:
By that description, a bank is a ponzi scheme.
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That is idiotic, you don't have a clue how the private sector works.

What was the purpose of SS and where was the money supposed to go? You think it is ok for you to contribute to SS, have that money put into intergovt. holdings and then have any surplus today be put on budget and spent with no regard as to how you are going to get your payout back when you retire? You don't seem to understand that the surplus in SS is a future obligation that has been spent. That is indefensible and now "Your" President wants to extend the Payroll tax cut. What is frustrating is I'll bet you and millions of others don't know what payroll taxes fund. Let me help you, SS and Medicare. Wonder why there is a shortfall? How do you pay back SS and Medicare if payroll taxes which fund those programs are cut.
 
Conservative said:
What the hell does that have to do with SS and your contribution used to pay someone else instead of being put into an account for you? You are letting your opinions making you look foolish. Wall Street has nothing to do with SS nor should it but Congress has been spending your money for decades. So some research please and take the amount you put into SS and your employer put into SS and apply simple savings account interest and see how much you would have had today and that money for your use? I am amazing at how uninformed so many are today. This isn't a Republican or a Democrat issue, this is a national issue as both parties are guilty of the fraud.
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The only fraud involved is the fraud that you and your conservative buddies are trying to force on the American worker, you and your conservative buddies see an opportunity to end SS and have working Americans invest in Wall Street, you have not been able to find a way to get your fingers into the SS pot so you want to have the hard working middle class and poor invest their money in Wall Street where you can manipulate stock prices and walk away with the unsecured investments of hard working Americans, you are not as slick as you think you are, but again go ahead put your fingers into the SS pot I want to see the day that America can once again fulfill it's promise to those who labored to build her and those who bleed to defend her
 
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