Driving Soc. Sec. into the grave....

Howey said:
Only Bush borrowed trillions from social security to pay for two unnecessary wars based upon a lie. No other president has ever borrowed government funds to pay for a war effort.
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9/11 was a lie? I don't know if I've heard this story. My apologies if you've told it before and I missed it but would you mind telling it again?
 
I Love America said:
http://www.treasury.gov/resource-ce...interest-rates/Pages/TextView.aspx?data=yield

Interesting, the most recent document put out by the Trustees claims that OASI/DI are earning 4.9%. But if you look at this chart

http://www.treasury.gov/resource-ce...interest-rates/Pages/TextView.aspx?data=yield

the highest rate on a 30 year treasury which is not what OASI is 100% invested in is 3%. So this begs the question, if current US treasuries can only be sold on the open market for 3% interest, where is the gobblement getting the 1.9% difference it is "promising" the so called trust fund.

Socialist inSecurity was always and will always be a scam of monumental proportions. Now, it is too late for people because unfortunately too many have ordered their lives around it.
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I believe the 4.9% is an average earning due to the much higher yields from many years ago...before we had artificially low interest rates.
 
Rune said:
What of the earnings cap?
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I don't know how old that number is, but it should be doubled at a minimum. Or, we should have means testing for ultra wealthy who laugh at the couple of thousand/month they get when they reach 65.

I does seem unfair to take 4% of payroll, if you don't get a return, but the most wealthy aren't subject to FICA due to earnings schemes.
 
Howey said:
Only Bush borrowed trillions from social security to pay for two unnecessary wars based upon a lie. No other president has ever borrowed government funds to pay for a war effort.
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You don't remember this post from a couple minutes ago Howey? WTF?
 
bravo said:
Exaggeration on my part...the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate.
The point is, this is tax money that the SS system sorely needs to sustain it....if anything SS tax collection should be increased to keep up with its obligations....this crap
of passing the buck to future generations is just wrong....




Massive over collections ?....explain that.............. what over collections.

Reagan cut disability and survivor benefits, and increased the FICA tax rate....also increased the SS benefits to seniors.
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Duhhh if we wound up with a few trillion in surplus then obviously the withholding rate was far too high.
 
uscitizen too said:
Duhhh if we wound up with a few trillion in surplus then obviously the withholding rate was far too high.
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Not necessarily. They've been sweating the massive influx of beneficiaries once the Boomers all hit 65. And given the lax standards for what's considered 'disabled', I don't see any reason to believe that there will ever be a lasting surplus.
 
evince said:
why is it the right wants to end pensions and SS while distroying unions?
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This is so much bullshit, it not worth responding....the right wants to end pensions...what crap
and no one is destroying unions except unions....the right is work and CHOOSE if you want to join a union is called FREEDOM, you nitwit.

evince said:
why is it you seek a country with NO safety net for the vast majority of our people?
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Any safety net should not be money taken from Soc. Sec....that is a special fund for the aging that have WORKED and paid into this fund all their working lives...
You want extra benifits for others....then raise the ordinary taxes and use money from the general fund....not SS....

Howey said:
Only Bush borrowed trillions from social security to pay for two unnecessary wars based upon a lie. No other president has ever borrowed government funds to pay for a war effort.
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More bullshit....

uscitizen too said:
Tax cuts during a couple of wars while the economy is doing fine is pretty odd.
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And them even more....THIS YEAR (2012) is the first year the SS has run a deficit...in the FORTH YEAR of Obamas term.....did it surprise him and the Democrats...
Not only have they done nothing to prevent this....Obama has made it possible with the stupid tax cut in FICA taxes that caused it .......

The SS system MADE money through the entire 8 years of Bush....never once going into the red.....4 years after he leaves office, hes getting the blame
the blame for Obamas ignoring the problem....even Jimmy Carter wasn't that incompetent ...
 
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Howey said:
Gee...if only Bush hadn't borrowed against SS to pay for two wars...
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Hasn't that been going on for 50+ years.

Why you people suck the d*ck of one of these two factions, and blame the other shows just how mindless you are.
 
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