SS: Republicans Continue Robbing From the Poor

[Conservative]

the difference is that i don't care about your definition of independent, but thanks for quoting me anyway.

You are doing a great job goading people into responding to your posts no matter how ridiculous they are and out of touch with reality. You put on a very good show here as none of what you posts even comes close to jiving with reality

You said the Rich are raiding the Treasury which I completely refuted but you aren't mature enough to admit you are wrong on this issue as in order to rob the Treasury the money has to be there in the first place and tax cuts put more money into the pockets of the consumer never getting to the Treasury

 

[Conservative]

They want to steal it but that won't happen.

Would love to hear how anyone steals from the Treasury by keeping more of their own money? This really has to be an act from someone seeking attention. Your posts are illogical

 

[Napoleon]

So you expect that those that do manual labor will work until they are 75?

The average lifespan at the time Social Security was implemented was 61 and you had be to 65 to collect. Social Security wasn’t meant for people to live on indefinitely. It wasn’t even designed for the average person to live long enough to collect. So what I expect is for Americans to start saving for their retirement.

 

[iguanaman]

The average lifespan at the time Social Security was implemented was 61 and you had be to 65 to collect. Social Security wasn’t meant for people to live on indefinitely. It wasn’t even designed for the average person to live long enough to collect. So what I expect is for Americans to start saving for their retirement.

LOL As a result of wage stagnation they can't even save a dime and many live paycheck to paycheck. How about getting the wealthy to pay more for SS at least? God knows they can afford it.

 

[iguanaman]

Would love to hear how anyone steals from the Treasury by keeping more of their own money? This really has to be an act from someone seeking attention. Your posts are illogical

It is every Americans patriotic duty to pay taxes. Are you saying the wealthy are not good Americans? Many would agree.

 

[GDViking]

SS already had issues long before Obama, but you already know that. So tell us what is trump and the GOP doing to fix it????

You give joke too much credit...

 

[Helix]

You are doing a great job goading people into responding to your posts no matter how ridiculous they are and out of touch with reality. You put on a very good show here as none of what you posts even comes close to jiving with reality

You said the Rich are raiding the Treasury which I completely refuted but you aren't mature enough to admit you are wrong on this issue as in order to rob the Treasury the money has to be there in the first place and tax cuts put more money into the pockets of the consumer never getting to the Treasury

i don't care if you respond to my posts or not. you refuted nothing.

 

[Napoleon]

LOL As a result of wage stagnation they can't even save a dime and many live paycheck to paycheck. How about getting the wealthy to pay more for SS at least? God knows they can afford it.

Wage stagnation hasn’t prevented average household expenditures on entertainment, apparel, and eating out from rising. There’s plenty of money to save, but Americans tend to be very bad at it - preferring to fritter their expendable income away.

 

[iguanaman]

Wage stagnation hasn’t prevented average household expenditures on entertainment, apparel, and eating out from rising. There’s plenty of money to save, but Americans tend to be very bad at it - preferring to fritter their expendable income away.

LOL That is your opinion and it is wrong.

 

[Napoleon]

LOL That is your opinion and it is wrong.

Is it?

 

[Conservative]

It is every Americans patriotic duty to pay taxes. Are you saying the wealthy are not good Americans? Many would agree.

Then tell that to the 44% of income earning Americans who are paying ZERO in Federal Income taxes with very few of them those evil rich people who are paying 40% of the FIT. When one class pays 40% I would say those people are GREAT Americans. Sooner or later you are going to run out of their money to spend

 

[cpwill]

Policy Basics: Understanding the Social Security Trust Funds | Center on Budget and Policy Priorities

You know that you are lying but still can't bring yourself to lose that stupid meme. Grow up and face the music. Most of your political "views" are based on lies and half truths. So very sad.

What I love most about this reply is that it in fact, agreed with what I said - that the iou's issued to the SSA were not, in fact, T-Bills (as you claimed), though they rush to point out that - as far as risk is concerned - they are "just as good". If they we're T-Bills, the SSA could sell them on the secondary market. They aren't, do the SSA can't.


Truly self-pwnage is the best pwnage.

Recommended reading: What Is A T-Bill.
Treasury Bills – T-Bills Definition



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[James972]

LOL As a result of wage stagnation they can't even save a dime .

so then we should should elect a Democrat who will declare the wall an immorality and let in another 30 million illegals who will drive down or stagnate our wages for another 30 years!!

 

[James972]

When one class pays 40% I would say those people are GREAT Americans.

Yes, top 1% now pay 44% of all revenue collected by IRS and the rest of nation is free riding on them. These our our greatest heroes, no wonder libs hate them and no wonder libsocialism just starved 120 million to death! They get everything exactly backwards and millions die.

 

[iguanaman]

so then we should should elect a Democrat who will declare the wall an immorality and let in another 30 million illegals who will drive down or stagnate our wages for another 30 years!!

Trump himself is a major employer of undocumented labor that is why he won't make E-verify mandatory. You are being duped as usual. Wage stagnation is the fault of the GOP tax cuts for the wealthy.

More than 100 undocumented immigrants worked at Trump's Bedminster resort during construction: report | TheHill

 

[iguanaman]

What I love most about this reply is that it in fact, agreed with what I said - that the iou's issued to the SSA were not, in fact, T-Bills (as you claimed), though they rush to point out that - as far as risk is concerned - they are "just as good". If they we're T-Bills, the SSA could sell them on the secondary market. They aren't, do the SSA can't.


Truly self-pwnage is the best pwnage.

Recommended reading: What Is A T-Bill.
Treasury Bills – T-Bills Definition



Sent from my Moto G (5S) Plus using Tapatalk

T-bills are "treasury securities" which is exactly what the SS trust fund is composed of. Get that thru your thick skull.

 

[iguanaman]

Then tell that to the 44% of income earning Americans who are paying ZERO in Federal Income taxes with very few of them those evil rich people who are paying 40% of the FIT. When one class pays 40% I would say those people are GREAT Americans. Sooner or later you are going to run out of their money to spend

LOL You think those 44% WANT to work 2 jobs and still make too little to afford income tax? And you think we should idolize the ones keeping them poor by not giving them a raise in 40 years. They are traitors to the middle class and are getting away with murder and socking away millions every year so they need to pay more....much more. Maybe them they will start sharing the profits instead of hogging them all for themselves. Employee salaries are tax deductible we need tax rates high enough for even the greediest to see the light.

 

[Bullseye]

That is a right wing lie. They are invested in treasury securities otherwise known as T-bills, the same as investors around the world get.

Nope.

According to the SSA:

By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are "special issues" of the United States Treasury. Such securities are available only to the trust funds.

Now, instead of being an asshole and calling you a liar, I will civilly tell you you're working with old information:

n the past, the trust funds have held marketable Treasury securities, which are available to the general public. Unlike marketable securities, special issues can be redeemed at any time at face value. Marketable securities are subject to the forces of the open market and may suffer a loss, or enjoy a gain, if sold before maturity. Investment in special issues gives the trust funds the same flexibility as holding cash.

 

[cpwill]

T-bills are "treasury securities" which is exactly what the SS trust fund is composed of. Get that thru your thick skull.

No. T Bills are a subset of the broad group of debt markers that the Federal Government has issued. The Special Prommissory Notes that the SSA recieves are not T Bills.

Your own source agreed with me, which is why they described them as "like" bonds, as opposed to bonds. If they WERE regular old bonds, the SSA could sell them on the secondary market. They CAN'T because those markers are NOT regular bonds.

Recommend getting that through your skull, if you want to debate this topic without sounding like you don't know what you are talking about.

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[iguanaman]

Nope.

According to the SSA:



Now, instead of being an asshole and calling you a liar, I will civilly tell you you're working with old information:

They are treasury securities just like T-bills. There is no functional difference. SSA is a very good customer so they get a special version to suit their needs.

 

[iguanaman]

No. T Bills are a subset of the broad group of debt markers that the Federal Government has issued. The Special Prommissory Notes that the SSA recieves are not T Bills.

Your own source agreed with me, which is why they described them as "like" bonds, as opposed to bonds. If they WERE regular old bonds, the SSA could sell them on the secondary market. They CAN'T because those markers are NOT regular bonds.

Recommend getting that through your skull, if you want to debate this topic without sounding like you don't know what you are talking about.

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Are you saying that no one ever sells t-bill back to the treasury when they mature? T-bill do not HAVE to be sold on the "open market" either. There is no functional difference, both are treasury securities fully guaranteed by the U.S. Govt. So why the foolishness?

 

[James972]

Trump himself is a major employer of undocumented labor that is why he won't make E-verify mandatory.

absurd liberal lie you have no evidence of that. I"ll pay you $10,000 if you have evidence. BEt??

 

[Conservative]

LOL You think those 44% WANT to work 2 jobs and still make too little to afford income tax? And you think we should idolize the ones keeping them poor by not giving them a raise in 40 years. They are traitors to the middle class and are getting away with murder and socking away millions every year so they need to pay more....much more. Maybe them they will start sharing the profits instead of hogging them all for themselves. Employee salaries are tax deductible we need tax rates high enough for even the greediest to see the light.

What the hell does that have to do with 44% of INCOME EARNING AMERICANS NOT PAYING ANY FIT? Are you telling me that people earning income shouldn't pay something to fund the gov't that gives them the opportunity to live free?

 

[James972]

Wage stagnation is the fault of the GOP tax cuts for the wealthy.

are you saying 30 million illegals who work off the books for $5.00/hr are driving up American wages?? See why we say liberalism is based in ignorance?

 

[Conservative]

Are you saying that no one ever sells t-bill back to the treasury when they mature? T-bill do not HAVE to be sold on the "open market" either. There is no functional difference.

Please tell me you are putting on an ACT? T-Bills are negotiable and that is illegal with SS trust fund money.