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4 Takeaways from the latest report on social security's solvency

Conservative said:
What does Wall Street have to do with bureaucrats borrowing from SS and Medicare for decades and not paying the money back? It is Congress getting the cash flow from use of SS and Medicare trust fund, not Wall Street? Wall Streets more money when FIT is cut and people have more spendable income and when interest rates are low
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Wall Street has purchased the politicians in an attempt to confiscate the SS cash flow to cover the coming cash outflow from the market,
that it will not be able to satisfy,
because there will not be enough WORKING people buying the stocks,
that the RETIRED people will be selling.

Wall Street has NO CASH INFLOW.
Wall Street is CASH FLOW THROUGH, WITH SKIM OFF THE TOP.
There is no cash retained in Wall Street.
 
Conservative said:
…………………

Wall Streets more money when FIT is cut and people have more spendable income and when interest rates are low
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That may be true,
IN A NORMAL ECONOMY.

We do not have a normal economy.
We are still WITHIN THE GREAT RECESSION.

We cannot claim to be out of the recession,
UNTIL WE DO NOT NEED TO POUR BORROWED GOVERNMENT DOLLARS INTO THE ECONOMY.
 
middling said:
Wall Street has purchased the politicians in an attempt to confiscate the SS cash flow to cover the coming cash outflow from the market,
that it will not be able to satisfy,
because there will not be enough WORKING people buying the stocks,
that the RETIRED people will be selling.

Wall Street has NO CASH INFLOW.
Wall Street is CASH FLOW THROUGH, WITH SKIM OFF THE TOP.
There is no cash retained in Wall Street.
Click to expand...

Some time ago,
there was an interview with the old guy who had originally formulated the 401K for
EXECUTIVES AT CHRYSLER.
He flat out stated that the 401K, at least in his original concept,
was NEVER meant for the general public.

Wall Street OBVIOUSLY saw the retirement of the Baby Boomers coming,
and apparently,
began planning for it years ago.

Unfortunately,
their plan is to confiscate Social Security dollars.
 
middling said:
Wall Street has purchased the politicians in an attempt to confiscate the SS cash flow to cover the coming cash outflow from the market,
that it will not be able to satisfy,
because there will not be enough WORKING people buying the stocks,
that the RETIRED people will be selling.

Wall Street has NO CASH INFLOW.
Wall Street is CASH FLOW THROUGH, WITH SKIM OFF THE TOP.
There is no cash retained in Wall Street.
Click to expand...

Conspiracy theory on full display, how does Wall Street benefit from FICA taxes being paid to the bureaucrats in D.C.?
 
middling said:
That may be true,
IN A NORMAL ECONOMY.

We do not have a normal economy.
We are still WITHIN THE GREAT RECESSION.

We cannot claim to be out of the recession,
UNTIL WE DO NOT NEED TO POUR BORROWED GOVERNMENT DOLLARS INTO THE ECONOMY.
Click to expand...

Where did you get your education? Borrowed gov't dollars into the economy?? Nice conspiracy theory here that lacks substance and facts.
 
middling said:
Some time ago,
there was an interview with the old guy who had originally formulated the 401K for
EXECUTIVES AT CHRYSLER.
He flat out stated that the 401K, at least in his original concept,
was NEVER meant for the general public.

Wall Street OBVIOUSLY saw the retirement of the Baby Boomers coming,
and apparently,
began planning for it years ago.

Unfortunately,
their plan is to confiscate Social Security dollars.
Click to expand...

You continue to make the same argument without answering the direct question, how does Wall Street benefit from FICA dollars going to the Federal bureaucrats? You think the federal gov't invests in the stock market?
 
Conservative said:
Conspiracy theory on full display, how does Wall Street benefit from FICA taxes being paid to the bureaucrats in D.C.?
Click to expand...

Where did you get that out of anything that I wrote?

Wall Street contributes HEAVILY to the politicians campaigns.
In turn,
they kept the FICA taxes TOO low.
 
Conservative said:
Where did you get your education? Borrowed gov't dollars into the economy?? Nice conspiracy theory here that lacks substance and facts.
Click to expand...

You do know how the Federal Reserve works,
don't you?
 
middling said:
You do know how the Federal Reserve works,
don't you?
Click to expand...

You have heard Trump complaining that the FED rates are TOO HIGH.
He wants to borrow more dollars,
and pump them into the economy,
to keep it from crashing before the election.
 
middling said:
You do know how the Federal Reserve works,
don't you?
Click to expand...

So you believe it is campaign contributors that force politicians to keep FICA taxes low? Wow, a conspiracy theory I never thought of, unrealistic but you do have a vivid imagination. Politicians keep people dependent by raising taxes and spending it on social program and that creates more voters than campaign contributions.
 
Conservative said:
So you believe it is campaign contributors that force politicians to keep FICA taxes low? Wow, a conspiracy theory I never thought of, unrealistic but you do have a vivid imagination. Politicians keep people dependent by raising taxes and spending it on social program and that creates more voters than campaign contributions.
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My "vivid imagination" explains what has, and is happening.
Just because you never thought of it before, does not invalidate it.

Many, many "political" issues are contrived to keep voters from noticing the reality right under their noses.

Kind of like attempting to explain WHY soldiers fought in the Civil War.
It really wasn't because people WANTED to keep the slave owners wealthy,
nor,
was it because people WANTED to free the slaves.

But
That is pretty much what happened.
 
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middling said:
My "vivid imagination" explains what has, and is happening.
Just because you never thought of it before, does not invalidate it.

Many, many "political" issues are contrived to keep voters from noticing the reality right under their noses.

Kind of like attempting to explain WHY soldiers fought in the Civil War.
It really wasn't because people WANTED to keep the slave owners wealthy,
nor,
was it because people WANTED to free the slaves.

But
That is pretty much what happened.
Click to expand...

Stop ignoring the issue, had the bureaucrats not "borrowed" from the SS and Medicare Trust fund there would be no reason to raise the cap or raise taxes to fund the shortfall. Excuse making is all the radical left has to cover up their abuse of FICA funds
 
Conservative said:
Stop ignoring the issue, had the bureaucrats not "borrowed" from the SS and Medicare Trust fund there would be no reason to raise the cap or raise taxes to fund the shortfall. Excuse making is all the radical left has to cover up their abuse of FICA funds
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If you really believe that only the "left" BORROWED from SS, and Medicare,

I have a bridge for sale.
 
middling said:
If you really believe that only the "left" BORROWED from SS, and Medicare,

I have a bridge for sale.
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I used the word "borrowed" to be politically correct as stealing would have been a better choice. Check out what LBJ created in the late 60's, the unified budget which allowed for "borrowing" from SS and Medicare. Are you truly this poorly informed?
 
If we can't afford to support Social Security, why could we afford to cut taxes for the rich?
 
SmartCat said:
If we can't afford to support Social Security, why could we afford to cut taxes for the rich?
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Class envy and jealousy on full display with every post you make. How do you give a FIT tax cut to people who don't pay FIT? Don't see and never have seen an explanation to that question. Also don't see anyone responding to the reality that EVERY taxpayer got a tax cut under Trump and there are 2.9 million more Americans employed today than at the end of 2017 prior to the tax cut going into effect. Please by all means let the next Democratic Presidential candidate run on raising taxes!
 
Conservative said:
Class envy and jealousy on full display with every post you make. How do you give a FIT tax cut to people who don't pay FIT? Don't see and never have seen an explanation to that question. Also don't see anyone responding to the reality that EVERY taxpayer got a tax cut under Trump and there are 2.9 million more Americans employed today than at the end of 2017 prior to the tax cut going into effect. Please by all means let the next Democratic Presidential candidate run on raising taxes!
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Bernieclass-full.webp


FOX NEWS POLL Published January 24, 2019

Voters prefer increasing spending on domestic programs over cutting taxes and reducing spending, and their preferred way to finance that spending -- is tax the wealthy.

That’s according to a Fox News Poll released Thursday.

Fifty-one percent of voters want to spend more on programs such as infrastructure, national defense, education, and health care. That includes 63 percent of Democrats, 50 percent of independents, and 39 percent of Republicans...

At the same time, there is broad support for increasing taxes on the wealthiest families. Voters support tax increases on families making over $10 million annually by a 46-point margin (70 percent favor-24 percent oppose), and support a hike on those making over $1 million by 36 points (65-29 percent).

Fox News Poll: Voters favor taxing the wealthy, increasing domestic spending | Fox News

If the next Democrat presidential candidate favors higher taxes for the rich, no tax increases for anyone else, and increases in spending programs that benefit those who are not rich that Democrat presidential candidate will have a very popular issue.

During the last presidential primary Trump ran on promises to raise taxes on the rich and preserve spending levels for Social Security and Medicare. That certainly helped him win the Republican primary. Then he broke his promises, as he has many times during his life.
 
SmartCat said:
View attachment 67260397


FOX NEWS POLL Published January 24, 2019

Voters prefer increasing spending on domestic programs over cutting taxes and reducing spending, and their preferred way to finance that spending -- is tax the wealthy.

That’s according to a Fox News Poll released Thursday.

Fifty-one percent of voters want to spend more on programs such as infrastructure, national defense, education, and health care. That includes 63 percent of Democrats, 50 percent of independents, and 39 percent of Republicans...

At the same time, there is broad support for increasing taxes on the wealthiest families. Voters support tax increases on families making over $10 million annually by a 46-point margin (70 percent favor-24 percent oppose), and support a hike on those making over $1 million by 36 points (65-29 percent).

Fox News Poll: Voters favor taxing the wealthy, increasing domestic spending | Fox News

If the next Democrat presidential candidate favors higher taxes for the rich, no tax increases for anyone else, and increases in spending programs that benefit those who are not rich that Democrat presidential candidate will have a very popular issue.

During the last presidential primary Trump ran on promises to raise taxes on the rich and preserve spending levels for Social Security and Medicare. That certainly helped him win the Republican primary. Then he broke his promises, as he has many times during his life.
Click to expand...

Pretty easy to get people who don't pay FIT to support increases in taxes for those who do, isn't it?? How about that Bernie Sanders, reducing staff hours because of the $15 minimum wage increase? Liberals are true hypocrites especially the liberal leader leadership
 
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