SS: Republicans Continue Robbing From the Poor

[James972]

they need to pay more....much more.

so you want 70% of Americans to be parasites off the rich?? That is the liberal solution to economic growth??

 

[Bullseye]

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.

LOL, sorry, dude, I'll take SSA's word on it, rather then your feeble attempt at saving face. Yes, the are treasury securities - SPECIAL treasury securities; not marketable one such as T-bills.

 

[iguanaman]

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?

I'm saying that Republicans are the prime employers of undocumented labor and you are being duped. And yes they drive down the wages of migrant crop pickers, landscape maintenance jobs, and maids. Which of those jobs are you employed at?

 

[cpwill]

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.

They don't. But, since they are different than the particular notes that are only issued to the SSA, they can be.

There is no functional difference, both are treasury securities fully guaranteed by the U.S. Govt.

On the contrary, as was laid out for you, there are at least two major functional differences.

So why the foolishness?

Why are you being foolish? My best bet would be that you were wrong, that you didn't know, but are bad at admitting that sort of thing.

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[iguanaman]

LOL, sorry, dude, I'll take SSA's word on it, rather then your feeble attempt at saving face. Yes, the are treasury securities - SPECIAL treasury securities; not marketable one such as T-bills.

And there is no functional difference for SSA. They are fully guaranteed just like T-bills so you can forget about stealing them.

 

[James972]

I'm saying that Republicans are the prime employers of undocumented labor

another pure liberal lie! I"ll pay you $10,000 if you have evidence. Bet???? What do you learn from your fear???

 

[Bullseye]

I'm saying that Republicans are the prime employers of undocumented labor and you are being duped. And yes they drive down the wages of migrant crop pickers, landscape maintenance jobs, and maids. Which of those jobs are you employed at?

You do know that Democrats own businesses, too, right? I'd bet those business employ just as many illegals.

 

[iguanaman]

They don't. But, since they are different than the particular notes that are only issued to the SSA, they can be.



On the contrary, as was laid out for you, there are at least two major functional differences.



Why are you being foolish? My best bet would be that you were wrong, that you didn't know, but are bad at admitting that sort of thing.

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Just admit that the SS trust fund is comprised of Govt. insured treasury securities that are as safe as t-bills. And every dime put in plus interest will go to SSA to return to the workers who paid into it. No exceptions and no excuses. I am not wrong about that.

 

[James972]

And yes they drive down the wages of migrant crop pickers, landscape maintenance jobs, and maids. Which of those jobs are you employed at?

Illegals hold jobs throughout American industry!! Jobs that would pay real Americans $20/hr if supply demand were allowed to operate. Then middle class jobs would go up too. Econ 101


% ilegals in different industries:
Private households

45%

Textile, apparel, leather manufacturing

36%

Agriculture

33%

Accommodation

32%

Food manufacturing

29%

Computer and electronic products

27%

Personal and laundry services

26%

Administrative and support services

25%

Construction

24%

Miscellaneous and unspecified manufacturing

23%

 

[James972]

You do know that Democrats own businesses, too, right? I'd bet those business employ just as many illegals.

they employ more and they contribute more to Democratic party too!!!

 

[HumblePi]

Wow, what a mess Obama left!

It's sad now misguided and misinformed you are. Bush technically "borrowed" $708 billion dollars of Social Security surplus to pay for the income tax cuts and the Iraq war --- AND to bail out the big banks with failed junk mortgages weighing them down.

 

[cpwill]

Just admit that the SS trust fund is comprised of Govt. insured treasury securities that are as safe as t-bills.

You said they were T-Bills. The Social Security Administration says they aren't. Are you correct and the SSA wrong, or is the SSA correct, and you are wrong?

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[ThaiBoxer]

Republicans hate the poor. Their solution is to just let them die in the streets so they aren't a burden anymore

 

[iguanaman]

another pure liberal lie! I"ll pay you $10,000 if you have evidence. Bet???? What do you learn from your fear???

Trump alone has employed countless 1000's in his lifetime and that is why he refuses to make e-verify mandatory. Because illegals make up a lot of his work force. Get it? You are being played.

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

 

[iguanaman]

Just admit that the SS trust fund is comprised of Govt. insured treasury securities that are as safe as t-bills.

You said they were T-Bills. The Social Security Administration says they aren't. Are you correct and the SSA wrong, or is the SSA correct, and you are wrong?

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They are treasury securities and so are t-bills. Good customers often get special treatment. What is your point?

 

[cpwill]

Just admit that the SS trust fund is comprised of Govt. insured treasury securities that are as safe as t-bills.

Ah. So you now admit that you were wrong and I correct when I pointed out to you that they were not, in fact, T-Bills?

And every dime put in plus interest will go to SSA to return to the workers who paid into it. No exceptions and no excuses. I am not wrong about that.

Nope. Monies don't "return plus interest" to workers. They are immediately spent on current retirees. Then, later, when the worker retire, hopefully, there are still enough workers to send HIM (or her) money as well.

This systems works great.... Up until the Boomers decided to have fewer kids, and we aborted 40 million potential workers, but kept benefits growing. Woops.

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[Bullseye]

It's sad now misguided and misinformed you are. Bush technically "borrowed" $708 billion dollars of Social Security surplus to pay for the income tax cuts and the Iraq war --- AND to bail out the big banks with failed junk mortgages weighing them down.

Bush? What do you mean "technically borrowed"?

 

[iguanaman]

Illegals hold jobs throughout American industry!! Jobs that would pay real Americans $20/hr if supply demand were allowed to operate. Then middle class jobs would go up too. Econ 101


% ilegals in different industries:
Private households

45%

Textile, apparel, leather manufacturing

36%

Agriculture

33%

Accommodation

32%

Food manufacturing

29%

Computer and electronic products

27%

Personal and laundry services

26%

Administrative and support services

25%

Construction

24%

Miscellaneous and unspecified manufacturing

23%

Why don't you tell Trump to stop employing them then. And where did you get those statistics?

 

[iguanaman]

Bush? What do you mean "technically borrowed"?

All Presidents use SS surpluses to "reduce" the deficit. It's an accounting ploy.

 

[cpwill]

They are treasury securities and so are t-bills.

Okedoke.

So.

When you attempted to correct me on post 24 by stating:

Excess SS withholding is placed in t-bills so it earns interest.

... you were, in fact, wrong.

?

It makes no sense to do otherwise.

And then we can get back to this.

 

[iguanaman]

Ah. So you now admit that you were wrong and I correct when I pointed out to you that they were not, in fact, T-Bills?




Nope. Monies don't "return plus interest" to workers. They are immediately spent on current retirees. Then, later, when the worker retire, hopefully, there are still enough workers to send HIM (or her) money as well.

This systems works great.... Up until the Boomers decided to have fewer kids, and we aborted 40 million potential workers, but kept benefits growing. Woops.

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What those securities are NOT are "worthless IOU"s and that is what you refuse to admit.

Many current retirees are receiving money from the trust fund that they built and it's interest.

 

[Bullseye]

All Presidents use SS surpluses to "reduce" the deficit. It's an accounting ploy.

Yes, I'm aware of that. It's been done for quite a while.

 

[iguanaman]

You do know that Democrats own businesses, too, right? I'd bet those business employ just as many illegals.

All I know is that Trumps entire business was built on undocumented labor but you are right he used to claim he was a democrat.:lol:

 

[Bullseye]

What those securities are NOT are "worthless IOU"s and that is what you refuse to admit.

Many current retirees are receiving money from the trust fund that they built and it's interest.

Retirees are getting the money today's employees are paying in, plus some of the interest from those special purpose bonds. In the next year or two SSA is expecting to have to redeem some of those bonds.

 

[cpwill]

What those securities are NOT are "worthless IOU"s and that is what you refuse to admit.

I have never claimed they are worthless. That is something you made up.

So. Were you right, or wrong, when you tried to correct me by saying they were T-Bills?

Many current retirees are receiving money from the trust fund that they built and it's interest.

THAT, finally, is at least correct. Unlike your earlier claim that workers were getting "their" money back with interest ("their" money is, of course, immediately spent on current retirees), and your even earlier claim that the SSA was purchasing T-Bills, and that that was the best possivle policy option.


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