Koch to Hayek: Use Social Security!

Poor Dix.

Social Security is one of the best social contracts ever created, and like the rumor of Mark Twain’s death, the alarms being sounded about it are greatly exaggerated.


Far from contributing to the debt problem, Social Security through its surplus revenue has actually kept the federal deficit smaller than it would otherwise be since 1983.


Right now with no change it's good for another 25 years, and with one small change can be good for at least 75 years.


By gradually raising the payment cap from $106,800 to $250,000 a year — with no additional taxes on the middle class and benefits continuing to be figured as they are now — Social Security will remain solvent through 2086.


Raising or eliminating the cap altogether is supported by 85 percent of Americans.


Ninety-six percent — with incomes below $106,800 — pay the tax on their entire income.


The richest 6 percent get a free pass on all income over the cap, whether it’s $110.00 or $1,110,000.


Surely equal justice under the law should require that high-income workers pay tax on all their salary.



http://www.galesburg.com/opinions/x8414633/Roundtable-Solving-Social-Security
 
Dixie said:
I'm neither one idiot. I said "I have no idea and could care less" and I said "I don't believe these men oppose the 'institution' of social security" ....is there something in your retarded mind that makes these contradictory statements?
Click to expand...

Do you not see the dishonesty in this statement?
 
Return of Dune said:
Do you not see the dishonesty in this statement?
Click to expand...

What the fuck do you expect from him? Honesty?

The “Social Security problem” is a fake crisis manufactured by two different interests.

First, ideological conservatives for whom any government-run social insurance program must be eliminated because it’s “socialism” — and especially if it happens to be a success.

Social Security is a standing rebuke to the ideologues who believe that government is always evil.

Second, Wall Street financiers who would love to get their hands on that wonderful stream of money, to profit from the endless fees they would charge to manage private accounts. Never mind that they’d subject everyone’s future to the tender mercies of the market.

Social Security is one of the few remaining bulwarks against the USA becoming a Third World country for most of its inhabitants.

Any minor demographic problems — more retirees, fewer workers — can be resolved by eliminating the income cap on FICA and, if necessary, adding a means test so those with incomes above a very high threshold.


http://www.galesburg.com/opinions/x8414633/Roundtable-Solving-Social-Security
 
Return of Dune said:
First of all, dickshit, that is not the plan.

Secondly, you fucking idiot, S.S. is fully funded , as is, until 2037.
Click to expand...

So you aren't going to answer my question. Okay.

Yes, that's the plan... no other plan is out there, is it? If so, now's the time to explain it to us. Pointing to the estimated date when SS will go under, is NOT a plan to save Social Security, sorry you thought that.
 
So you admit the 'crisis' is bullshit concocted to cover the privatization scheme that's already been rejected when Bush tried it?
 
Apparently pinheads like \(\(=)/)/ think it's "bullshit" that Social Security is insolvent. This may explain WHY the Democrats haven't come up with a plan, and continue to obfuscate and obstruct attempts to fix it. It's time for us to silence the stupid in America.
 
Dixie said:
I don't know where you got that, but fuck no, that wasn't remotely close to anything I ever said, retard.
Click to expand...

Right here:

Dixie said:
So you aren't going to answer my question. Okay.

Yes, that's the plan... no other plan is out there, is it? If so, now's the time to explain it to us. Pointing to the estimated date when SS will go under, is NOT a plan to save Social Security, sorry you thought that.
Click to expand...

Are you claiming to have an imminent date which constitutes a 'crisis'?

Yes, or no?
 
Dixie said:
Apparently pinheads like \(\(=)/)/ think it's "bullshit" that Social Security is insolvent. This may explain WHY the Democrats haven't come up with a plan, and continue to obfuscate and obstruct attempts to fix it. It's time for us to silence the stupid in America.
Click to expand...

Why should there be a "plan" to fix something that ain't broke?

http://www.socialsecurity.gov/OACT/TR/2010/tr10.pdf

Obamas' 'plan to save Social Security' is to keep the GOP from privatizing and underfunding it.

http://www.ontheissues.org/economic/barack_obama_social_security.htm

If you're still pissing your panties, then get behind this proposal to raise the income cap:


Social Security is one of the best social contracts ever created, and like the rumor of Mark Twain’s death, the alarms being sounded about it are greatly exaggerated.


Far from contributing to the debt problem, Social Security through its surplus revenue has actually kept the federal deficit smaller than it would otherwise be since 1983.


By gradually raising the payment cap from $106,800 to $250,000 a year — with no additional taxes on the middle class and benefits continuing to be figured as they are now — Social Security will remain solvent through 2086.


Raising or eliminating the cap altogether is supported by 85 percent of Americans.




http://www.galesburg.com/opinions/x8414633/Roundtable-Solving-Social-Security[/QUOTE]
 
Dixie said:
So you aren't going to answer my question. Okay.

Yes, that's the plan... no other plan is out there, is it? If so, now's the time to explain it to us. Pointing to the estimated date when SS will go under, is NOT a plan to save Social Security, sorry you thought that.
Click to expand...

I answered your question. You are too stupid to see the answer. Not my problem.
 
Return of Dune said:
First of all, dickshit, that is not the plan.

Secondly, you fucking idiot, S.S. is fully funded , as is, until 2037.
Click to expand...


I'm surprised Dixie didn't explain things to you but I'll give a try....

In prior years, FICA taxes exceeded Social Security benefit payments, and that excess was invested in the Social Security trust fund. This excess was also used, however, to reduce the annual federal budget deficit figure that was announced to the public. This surplus disappeared in 2010, and now the annual Social Security benefit payments exceed FICA tax collections. The Social Security trust fund is invested in special U.S. Treasury bonds, which are used to fund the general operations of the federal government.
Have someone explain it to you.....

Read more: http://moneywatch.bnet.com/retirement-planning/blog/money-life/3-big-myths-about-social-security/2486/#ixzz1ZeiUzGme

(The TRUST FUND is US Treasury Bonds)

There is no surplus and SS payout now EXCEEDS the FICA tax collections....

Saying that S.S. is fully funded , as is, until 2037 is mis-leading at best, and here is why....

The means that those special bonds (the TRUST) have to be redeemed with interest every year to the tune of that shortfall in FICA collections....this is also money that the government doesn't have...they must borrow the money from places like China to make good one these bonds, ballooning the US debt ever more every year....
The bonds will be paid off (with borrowed money) in 2037 and the SS system will be in even more trouble....

​
 
Last edited:
Blabo didn't include this part, since it applies to him and the other panic-spreading panty-pissers:

If you hear something about Social Security that sounds inflammatory, consider the source.

Do they have a vested interest in spreading inaccuracies?

A lot of times, that will be the case.

It’s also possible that they are cynics who are simply recycling these common myths without learning the truth for themselves.
http://moneywatch.bnet.com/retireme...ths-about-social-security/2486/#ixzz1Zer0LNN0

Poor Blabo.
 
bravo said:
I'm surprised Dixie didn't explain things to you but I'll give a try....

In prior years, FICA taxes exceeded Social Security benefit payments, and that excess was invested in the Social Security trust fund. This excess was also used, however, to reduce the annual federal budget deficit figure that was announced to the public. This surplus disappeared in 2010, and now the annual Social Security benefit payments exceed FICA tax collections. The Social Security trust fund is invested in special U.S. Treasury bonds, which are used to fund the general operations of the federal government.
Have someone explain it to you.....

Read more: http://moneywatch.bnet.com/retirement-planning/blog/money-life/3-big-myths-about-social-security/2486/#ixzz1ZeiUzGme

(The TRUST FUND is US Treasury Bonds)

There is no surplus and SS payout now EXCEEDS the FICA tax collections....

Saying that S.S. is fully funded , as is, until 2037 is mis-leading at best, and here is why....

The means that those special bonds (the TRUST) have to be redeemed with interest every year to the tune of that shortfall in FICA collections....this is also money that the government doesn't have...they must borrow the money from places like China to make good one these bonds, ballooning the US debt ever more every year....
The bonds will be paid off (with borrowed money) in 2037 and the SS system will be in even more trouble....

​
Click to expand...
No one needs to explain it to me, Bravo, I am not you.

No one had my permisssion to spend the trust fund.
 
Notice that Dix-lie and Blabo have derailed the thread.


Think they're embarrassed to admit that Koch turned out to be a hypocrite?
 
...as long as you actually understand the details of the issue and stop implying there is no problem....

From now on, SS payments will add to the outrageous federal debt each and every year....
 
\(\(=)/)/ said:
Notice that Dix-lie and Blabo have derailed the thread.


Think they're embarrassed to admit that Koch turned out to be a hypocrite?
Click to expand...



Actually some AssWipe pinhead brought up the subject in post 61....before I got into it......

and the Hoch issue was put to rest in Post 3, 7 and some others....all the way up to post 57.....

Poor AssWipe....try to keep up.....
 
bravo said:
Actually some AssWipe pinhead brought up the subject in post 61....before I got into it......and the Hoch issue was put to rest in Post 3, 7 and some others....all the way up to post 57.....Poor AssWipe....try to keep up.....
Click to expand...

What is the "Hoch" issue?

Poor Blabo.
 
\(\(=)/)/ said:
Far from contributing to the debt problem, Social Security through its surplus revenue has actually kept the federal deficit smaller than it would otherwise be since 1983.

http://www.galesburg.com/opinions/x8414633/Roundtable-Solving-Social-Security
Click to expand...


Sorry PAW.....borrowing money, whether from the Chinese, the Russians or the Soc. Sec. Trust Fund doesn't make the federal debt smaller and the federal DEBT is what we're talking about.......
try to keep up....

P oor
A ss
W ipe
 
You must log in or register to reply here.
Back
Top