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

[Howey]

More bullshit....

Care to explain why? What other president has paid for two unnecessary wars with the social security trust funds?

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.

I sure hope the gov't folds like Russia did.

Hasn't that been going on for 50+ years.

See above.

I sure hope the gov't folds like Russia did.

Aww...lookie! A treasonist! Why should you have a say?

 

[NOVA]

I sure hope the gov't folds like Russia did.

I'm ready for it.

 

[cawacko]

Care to explain why? What other president has paid for two unnecessary wars with the social security trust funds?

What wars?

 

[Cancel 2018. 3]

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.

FALSE

 

[Cancel 2018. 3]

howey....what wars? you said two

name them

 

[Howey]

FALSE

Prove me wrong.

 

[Damocles]

Do people not realize that purchasing treasuries is simply loaning the government the money to spend in the general fund and makes Social Security just a huge chunk of our national debt? It also makes the program more expensive because the "earnings" are simply interest paid on that debt. Basically, it was how the funds were stolen and used to create a non-existent surplus by simply spending the money loaned to the government from your retirement insurance.

It's like loaning yourself the money from your own savings account and promising to pay yourself interest in the future when you need to access your savings. The savings are no longer there, you spent them, and you didn't "earn" anything at all in the transaction.

 

[Cancel 2018. 3]

Prove me wrong.

bullshit. you made the claim, you prove it is true.

why are you running away from cawacko's question about two wars?

 

[Banned]

LOL, really? A deceptive evasion attempt of what?

Your reply implied that 911 was the cause of both wars.

 

[Banned]

Do people not realize that purchasing treasuries is simply loaning the government the money to spend in the general fund and makes Social Security just a huge chunk of our national debt? It also makes the program more expensive because the "earnings" are simply interest paid on that debt. Basically, it was how the funds were stolen and used to create a non-existent surplus by simply spending the money loaned to the government from your retirement insurance.

It's like loaning yourself the money from your own savings account and promising to pay yourself interest in the future when you need to access your savings. The savings are no longer there, you spent them, and you didn't "earn" anything at all in the transaction.

Yes it is the reason for my talking about Reagan increasing the withholding too high.

 

[cawacko]

Your reply implied that 911 was the cause of both wars.

 

[Althea]

Do people not realize that purchasing treasuries is simply loaning the government the money to spend in the general fund and makes Social Security just a huge chunk of our national debt? It also makes the program more expensive because the "earnings" are simply interest paid on that debt. Basically, it was how the funds were stolen and used to create a non-existent surplus by simply spending the money loaned to the government from your retirement insurance.

The money is going to be borrowed from someone. China is better?

It's like loaning yourself the money from your own savings account and promising to pay yourself interest in the future when you need to access your savings. The savings are no longer there, you spent them, and you didn't "earn" anything at all in the transaction.

People do it every day of the week. If you have any of a variety of retirement programs, you can borrow against it, and pay yourself interest.

That's much better than giving the interest to a bank.

 

[Banned]

I appreciate your bowing to my supreme greatness.

 

[Cancel 2016.11]

HAHA, this thread is a perfect example of why usc is so great. Hilarious.

 

[canceled.2021.1]

Do people not realize that purchasing treasuries is simply loaning the government the money to spend in the general fund and makes Social Security just a huge chunk of our national debt? It also makes the program more expensive because the "earnings" are simply interest paid on that debt. Basically, it was how the funds were stolen and used to create a non-existent surplus by simply spending the money loaned to the government from your retirement insurance.

It's like loaning yourself the money from your own savings account and promising to pay yourself interest in the future when you need to access your savings. The savings are no longer there, you spent them, and you didn't "earn" anything at all in the transaction.

They may not understand it but they will pay the price either way.

At least they will have the rich to blame

 

[Rune]

I'll take care of that, ok?

Linking Iraq to 911 WAS a lie.

Yellowcake, 45 minutes till mushroom cloud, etc.

LOL

 

[Damocles]

The money is going to be borrowed from someone. China is better?

No, it really doesn't "have" to be borrowed from someone. At one time the US was the nation that loaned the money.

People do it every day of the week. If you have any of a variety of retirement programs, you can borrow against it, and pay yourself interest.

Which doesn't change the reality you do not make interest. If you borrow against your 401K, you aren't adding money to it in the interim you are simply paying it back, you do not get the interest, the people who loaned you the money against your 401K do.

That's much better than giving the interest to a bank.

No it isn't, much better is not taking the money and actually letting it earn something. If government actually went up in value I might agree, but it doesn't. It simply makes your retirement more expensive when you take the money and put it back later, the "interest" you pay isn't something earned, when you take money out of your right pocket and give it to your left pocket you haven't earned anything on that "investment".

 

[Althea]

No, it really doesn't "have" to be borrowed from someone. At one time the US was the nation that loaned the money.

Living in ancient history won't add to this discussion. Waging 2 wars for oil is costly. Paying the private sector to do what our soldiers used to, is 100 times more expensive. When nobody pays taxes for 10 years, we have to borrow money. Seems like a pretty simple concept.

Which doesn't change the reality you do not make interest. If you borrow against your 401K, you aren't adding money to it in the interim you are simply paying it back, you do not get the interest, the people who loaned you the money against your 401K do.

Nope...the interest goes into your retirement acct. If you need money, and borrow it from a bank, you're paying higher interest, and that money is gone forever. Much better to pay yourself interest.

No it isn't, much better is not taking the money and actually letting it earn something. If government actually went up in value I might agree, but it doesn't. It simply makes your retirement more expensive when you take the money and put it back later, the "interest" you pay isn't something earned, when you take money out of your right pocket and give it to your left pocket you haven't earned anything on that "investment".

Nope....better to borrow from yourself if you need money. When you take 10 bucks out of your right pocket, and put 12 bucks in your left pocket, you have 2 more dollars than you would have if you borrowed from a bank.


Why let China earn the interest?

 

[Liberty]

Aww...lookie! A treasonist! Why should you have a say?

I'm a free minded person.

Unlike you.

You would trade your liberty away, (with mine) and yet I'm the treasonist.

 

[Banned]

"No, it really doesn't "have" to be borrowed from someone. At one time the US was the nation that loaned the money."


But that changed under Reagan.