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SS: Republicans Continue Robbing From the Poor

calamity said:
...to give to the rich.

Social Security is running out of money, with benefits on track to be reduced by 2035

Fund a Trillion-dollar give away to the Rich by cutting the benefits of the not at all rich.
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Social Security should be untouchable by either Party. Republicans are simply cutting billionaires taxes, and building the deficit. No simpler way to put it. The SS Act of 1983 still hasn't gone completely into effect. Those born 1955 and later, won't be eligible for normal benefits until they are 66-years-old. This should represent a huge savings for the SS Administration next year, as normal enrollees must wait a year to claim benefits. A 2nd tier kicks in a few more years. It would be unwise to modify a system that is already under modification.
 
The Democratic Party claims Social Security is so loaded with money they can put EVERYONE on Medicare.
 
calamity said:
US should have elected Gore and gone with the "lockbox."

SS would be solvent and today we would all be flying in electric cars like the Jetsons. Instead, we elected a backwards Christian from Texas.
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So Gore really isn't a Christian like he said. I can believe that.

Better yet we'd all be traveling in private jets and living in mansions as each our own way to fight climate change. Either than or we'd all be dead by drowning by now like he predicted. :cool:
 
iguanaman said:
Meaning we need to bring back the workhouses? We need to end the "cap" on SS withholding and means test benefits. SS should not go to those that don't need it.
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Meaning we need to raise the age of benefit eligibility to keep up with life expectancy.
 
joko104 said:
The Democratic Party claims Social Security is so loaded with money they can put EVERYONE on Medicare.
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Medicare-for-all ---> Funny that every country that has this kicks butt on the US when it comes to affordable health care for all.
 
Media_Truth said:
Medicare-for-all ---> Funny that every country that has this kicks butt on the US when it comes to affordable health care for all.
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Funny how all those socialist countries don't come close to the economic successes in this country. Individual wealth creation and personal responsibility really bother you, don't they? Guess your parents taught you differently than mine as I never expected someone else to fund my personal responsibility issues and also learned to celebrate success of others unlike you
 
joko104 said:
Illegal immigrants suck tens of billions of dollars (actually hundreds) from taxing authorities - local, school districts, state and federal.
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No doubt you have a source for all this, and can match your figures with the subsidies that illegals provide us all with their cheap labor. If you don’t like illegals, strap on a leaf blower and get to work.
 
Conservative said:
Funny how all those socialist countries don't come close to the economic successes in this country. Individual wealth creation and personal responsibility really bother you, don't they? Guess your parents taught you differently than mine as I never expected someone else to fund my personal responsibility issues and also learned to celebrate success of others unlike you
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They have healthier populations, better income distribution, fewer people in jail and less crime. Utter failures.

But I suppose you pave your own streets and put out your neighbors’ house fires. One can have personal responsibility, celebrate the success of others and support communal responsibility at the same time. We’ve been doing it for almost 100 years now.
 
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i knew when they did their latest round of "let the hyper-wealthy raid the treasury again for magical thinking prosperity" that SS and Medicare were going to be at real risk. if the Democrats hadn't taken the house, the Republicans might have been able to sabotage the programs further, though that would have been risky with 2020 coming up. my guess is that they would have exempted people 55 and older while completely ****ing younger and middle aged workers.
 
Nickyjo said:
They have healthier populations, better income distribution, fewer people in jail and less crime. Utter failures.

But I suppose you pave your own streets and put out your neighbors’ house fires. One can have personal responsibility, celebrate the success of others and support communal responsibility at the same time. We’ve been doing it for almost 100 years now.
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Why is it so many people are trying to get into this country if that is the case? You buy what you are told and ignore reality. There are many freedoms here including freedom of choice to do drugs, alcohol, become obese through fast food eating. You want the gov't to regulate your personal life style? there are 330 million Americans here and 50 independent sovereign states, name for me another comparable one?
 
iguanaman said:
Excess SS withholding is placed in t-bills so it earns interest. It makes no sense to do otherwise.
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That's a neat trick. From "evil Replicans borrowed and spent the SS surplus" to "well, if it was Democrats, then it makes no sense to do otherwise!" in just one go.


But no, it's not a terribly good system.

1. As I recall, they aren't used to "purchase" T Bills at all, but, rather, Special Prommissory Notes (IOUs), that cannot be bought or sold. Buying T Bills would probably have been better, as it would allow the Social Security Administration to raise cash without directly drawing from the General Fund.

2. As investments go, for SSA to "invest" in a Federal government debt instrument is.... Not optimal. It's like having your checking account "borrow" from your savings account, but then counting the IOU you wrote to yourself as an asset of the savings account. IIR, when you try this sort of thing in the business world, you go to prison, but politicians for some reason figured it was ok for them.

We'd have been wiser to put it in something that would generate a return that wasn't balanced by the loss of the exact same monies on the other side of the ledger. But that would have denied us a "free" source of money to spend on ourselves, so.... :shrug:

Sent from my Moto G (5S) Plus using Tapatalk
 
joko104 said:
Wow, what a mess Obama left!
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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????
 
Helix said:
i knew when they did their latest round of "let the hyper-wealthy raid the treasury again for magical thinking prosperity" that SS and Medicare were going to be at real risk. if the Democrats hadn't taken the house, the Republicans might have been able to sabotage the programs further, though that would have been risky with 2020 coming up. my guess is that they would have exempted people 55 and older while completely ****ing younger and middle aged workers.
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So in your world all the money belongs to the Treasury and none of it belongs to the people that earned it? Really? How is allowing people to keep more of what they earn raiding the Treasury as the money hasn't gotten there yet? You do know how withholding works, don't you? You do know how capital gains works, right? Until the money is paid to the Treasury it isn't there?

What if find stunning is how poorly informed and educated far too many are, keeping more of what you earn is robbery now? not paying for someone else's personal responsibility needs is cruel and inhumane, allowing states and local communities to handle there own social problems cannot be allowed.

When I see someone like you posting and claiming to be an independent, your definition and mine are quite different.
 
Casper said:
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????
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The Universal Budget has created nightmares and the unfunded liabilities we have now as those T-Bills that were issued by the gov't to allow the gov't to fund whatever they wanted from the SS and Medicare Trust fund have to be converted to cash and that is either going to be done by raising taxes which was already done to fund SS and Medicare, borrow from Americans and foreign countries, or printing it affecting the money supply and inflation. What is your solution for the abuses of the SS and Medicare trust fund?
 
cpwill said:
That's a neat trick. From "evil Replicans borrowed and spent the SS surplus" to "well, if it was Democrats, then it makes no sense to do otherwise!" in just one go.


But no, it's not a terribly good system.

1. As I recall, they aren't used to "purchase" T Bills at all, but, rather, Special Prommissory Notes (IOUs), that cannot be bought or sold. Buying T Bills would probably have been better, as it would allow the Social Security Administration to raise cash without directly drawing from the General Fund.

2. As investments go, for SSA to "invest" in a Federal government debt instrument is.... Not optimal. It's like having your checking account "borrow" from your savings account, but then counting the IOU you wrote to yourself as an asset of the savings account. IIR, when you try this sort of thing in the business world, you go to prison, but politicians for some reason figured it was ok for them.

We'd have been wiser to put it in something that would generate a return that wasn't balanced by the loss of the exact same monies on the other side of the ledger. But that would have denied us a "free" source of money to spend on ourselves, so.... :shrug:

Sent from my Moto G (5S) Plus using Tapatalk
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Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. Despite being described by some as “worthless IOUs,” the Social Security trust funds are invested in Treasury securities that are just as sound as U.S. government securities, held by investors around the globe and regarded as being among the world’s safest investments.
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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.
 
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iguanaman said:
Excess SS withholding is placed in t-bills so it earns interest. It makes no sense to do otherwise.
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Not actually. The bonds SS gets in return for excess revenue are actually a special type of bond not available to the public.
 
Conservative said:
So in your world all the money belongs to the Treasury and none of it belongs to the people that earned it? Really? How is allowing people to keep more of what they earn raiding the Treasury as the money hasn't gotten there yet? You do know how withholding works, don't you? You do know how capital gains works, right? Until the money is paid to the Treasury it isn't there?

What if find stunning is how poorly informed and educated far too many are, keeping more of what you earn is robbery now? not paying for someone else's personal responsibility needs is cruel and inhumane, allowing states and local communities to handle there own social problems cannot be allowed.

When I see someone like you posting and claiming to be an independent, your definition and mine are quite different.
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the difference is that i don't care about your definition of independent, but thanks for quoting me anyway.
 
Casper said:
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????
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The same as every other administration.
 
Bullseye said:
Not actually. The bonds SS gets in return for excess revenue are actually a special type of bond not available to the public.
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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.
 
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