SS benefits could be the first to go in a matter of days if the US defaults

T. A. Gardner said:
I think both parties make bad decisions. But for the most part, the Democrats are the ones increasingly pushing for a permanent welfare state with heavy handed socialism. That has, at best, been a boat anchor dragging society's advancement down severely. At worst, you end up with a two-tier society of a small elite serviced by a small middle class of "Haves" and most of the public being "Have Nots."

The great social revolution of history was capitalism coupled to individual inalienable rights. The social-welfare state is a return to the previous norm of most of society being oppressed, either overtly, or through dependency on government.
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Translation: The evil, diabolical Lefty Democrats are smarter and wilier than the poor, stupid Republicans.

Agreed on unalienable rights. Sadly, you are against them as proved by your bigotry and hatred of Americans disagreeing with you.
 
T. A. Gardner said:
Why? That's like saying that every time you spend to the limit on your credit cards, the credit card company has to raise your spending limit.
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If that's the case, why did you never even once complain when the debt ceiling was raised 4 times under trump. Different rules for republicans?
 
Doc Dutch said:
Translation: The evil, diabolical Lefty Democrats are smarter and wilier than the poor, stupid Republicans.

Agreed on unalienable rights. Sadly, you are against them as proved by your bigotry and hatred of Americans disagreeing with you.
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Wrong. Democrats are pursuing a matriarchal model for society. That is, the mommy state where you are taken care of cradle to grave even if you are nothing but a leech and drag on society by your doing nothing useful. That's the problem we're getting into today. That model is grotesquely expensive and very difficult to fund.
 
Truth Detector said:
So, let's say you start a private investment company and tell your clients that if they invest in your fund today, there will be money in that fund for tomorrow and instead of actually investing it, you spend it on yourself. Now you begin taking money from new investors to pay off the old ones. But, the best part of the deal is that when the money starts running out, you charge a tax to your investors to make up the difference.

Social Security, as it is designed, is a terrible Ponzi scheme that does NOTHING in the way of providing security. It's another government grab of our money with little return. If you die too soon, it doesn't go to your children or heirs. It's just gone. Had you been allowed to invest that amount in a 401K, you would actually OWN and control it and be worth far more than what SS would ever pay out.
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Agreed except it is not a Ponzi scheme as long as government is able to make payments on its bonds and it has never missed a payment. Your comparison to using an investment company is why you look at the bond ratings before investing.

If we were all required to put the 12.4% SS contribution in S&P 500 index funds we would have a lot more money, it could be left to whomever, and government would not have its largest expenditure to worry about that it will have to reform in ten years. The problem is we can't let younger workers put their money into investments because their money is needed to pay current retirees.
 
T. A. Gardner said:
Wrong. Democrats are pursuing a matriarchal model for society. That is, the mommy state where you are taken care of cradle to grave even if you are nothing but a leech and drag on society by your doing nothing useful. That's the problem we're getting into today. That model is grotesquely expensive and very difficult to fund.
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Figures you have mommy issues. It explains your high state of emotion when discussing anything.

Yes, Lefties, Democrats, Bleeding Hearts, Mommies, whatever you want to label them tend to be nurturing. Mostly over nurturing. It's feminine but not a reason to shit yourself, Terry.

Why do you focus on the negatives, Mommy in this case, and note the positives? No Daddy to speak of?
 
Doc Dutch said:
It's the Republican Congress holding paying the debt hostage, not Sleepy Joe.

If the US defaults on its debt, who will American voters blame the most?
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How did the debt problem arise in the first place, DUMMY ? (Hint: look at what bankrupted California.)




Dachshund - the WONDER HOUND

DLM....Dachshund Lives Matter !!)
 
floridafan said:
If that's the case, why did you never even once complain when the debt ceiling was raised 4 times under trump. Different rules for republicans?
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The Fed Gov't's main responsibility is our military. Obama raped our military, and Pres. Trump did the right thing and rebuilt it.
 
Bigdog said:
The Fed Gov't's main responsibility is our military. Obama raped our military, and Pres. Trump did the right thing and rebuilt it.
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Trump ran up an $8 trillion deficit, the debt ceiling was raised several times, and you never bitched once. All you offer up is make believe.
 
Flash said:
LBJ just included SS in the total budget. Funds were not merged in the general fund and the trust fund only gets revenue and pays for benefits from SS taxes. See the SS trust fund reports.
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I always respect your opinion, Flash. Yes, LBJ used it as an accounting trick to make receipts look higher and the deficit look lower. Which facilitated Congress to "look better" while borrowing even more money. In essence, it created an accounting slush fund, IMO.

However, loaning 2.7T to an entity that is 30T in debt, and can't keep a balanced budget, ... in principle, is not something most people would do.

And while the on-budget/off-budget accounting methods have gone back and forth, and for the most part, is now officially off-budget (with the exception of medicare), ... the politicians do lean towards presenting and confusing us with BOTH accounting methods to make their budgets appear "more balanced".

While SS is not my bailiwick, I am always open to learn more about it.
 
floridafan said:
Trump ran up an $8 trillion deficit, the debt ceiling was raised several times, and you never bitched once. All you offer up is make believe.
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Are you including the emergency Covid spending in that figure? ... and the empty medial cupboards left by Obama? Did you disagree with that spending?
 
Dachshund said:
How did the debt problem arise in the first place, DUMMY ? (Hint: look at what bankrupted California.)

Dachshund - the WONDER HOUND

DLM....Dachshund Lives Matter !!)
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Well, Dingo-man, because Congress passed a budget and a President signed it. If you understood anything about American government, then you'd know how it works....but since you are a Down Under dumbass, it's understandable why you don't have a fucking clue.

Here, let me help all the anti-American foreigners on JPP...not that I expect any of them to read it: https://www.thoughtco.com/us-government-basics-3322390
For all that it is and does, the United States federal government is based on a very simple system: Three functional branches with powers separated and limited by constitutionally declared checks and balances.

The executive, legislative and judicial branches represent the constitutional framework envisioned by the Founding Fathers for our nation's government. Together, they function to provide a system of lawmaking and enforcement based on checks and balances, and separation of powers intended to ensure that no individual or body of government ever becomes too powerful. For example:

  • Congress (legislative branch) can pass laws, but the president (executive branch) can veto them.
  • Congress can override the president's veto.
  • The Supreme Court (judicial branch) can declare a law approved by Congress and the president unconstitutional.
  • The president can appoint judges to the Supreme Court, but Congress must approve them.

Is the system perfect? Are powers ever abused? Of course, but as governments go, ours has been working quite well since Sept. 17, 1787. As Alexander Hamilton and James Madison remind us in Federalist 51, "If men were angels, no government would be necessary."
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Voting for the same person over and over again while expecting different results is insane.

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Bigdog said:
Are you including the emergency Covid spending in that figure? ... and the empty medial cupboards left by Obama? Did you disagree with that spending?
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Every single day you have a new, and pathetic excuse for trumps $8 trillion deficit. Every one is wrong and every one sucks≥
 
floridafan said:
Every single day you have a new, and pathetic excuse for trumps $8 trillion deficit. Every one is wrong and every one sucks≥
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Pelosi, Biden, and Fauci were complicit in spreading Covid, while Pres. Trump tried to stop it.
 
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