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Darla
Oh yeah you are right.
Obama Hits Social Security In Fiscal Cliff Offer Friendlier To The Wealthy
- Thread starter blackascoal
- Start date
Oh yeah you are right.
blackascoal
The Force is With Me
Bernie Sanders Applauds Obama for Taking Social Security Off the Fiscal Cliff Table
NOVEMBER 27. 2012
After the White House took Social Security off the fiscal cliff negotiating table, Sen. Bernie Sanders applauded the move and called it a step in the right direction.
Yesterday, White House Press Secretary Jay Carney said Social Security was not on the fiscal cliff negotiating table, “We should address the drivers of the deficit and Social Security currently is not a driver of the deficit.”
more
http://www.politicususa.com/bernie-sanders-applauds-obama-social-security-fiscal-cliff-table.html
This was just three weeks ago.
Who do you believe .. what is Obama's negotiating history?
Mott the Hoople
Sweet Jane
Dude.....they have to let the payroll tax expire. It's what pays for social security.
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The idea that SS doesn't help drive the deficit is crazy.
As long as neither side is willing to touch its own sacred cows - for Dems, SS & Medicare, and for the GOP, defense and taxes - the idea of compromise on this issue is fantasy.
Which is a shame, because without compromise, nothing will really get done. And if nothing really gets done, SS, Medicare, defense & taxes will be the least of our problems.
As long as neither side is willing to touch its own sacred cows - for Dems, SS & Medicare, and for the GOP, defense and taxes - the idea of compromise on this issue is fantasy.
Which is a shame, because without compromise, nothing will really get done. And if nothing really gets done, SS, Medicare, defense & taxes will be the least of our problems.
The payroll tax cut doesn't take any money away from SS.?
Thats about as stupid a statement as I've seen in awhile....How tf do you think SS is funded ?....fuckin' magic ?
Payroll taxes fund bot SS and Medicare....so don't talk so stupid....
SS and Medicare are funded and fully paid for and solvent.....and its as simple as raising the high end cutoff limit to fund it further into the futrure
for seniors and the poor.....
\Prove it moron.....SS is fully funded and borrows NOTHING over and above what is collected in taxes....idiots like you should be allowed to even vote for dogcatchers.
Mott the Hoople
Sweet Jane
OK where am I missing something? So for I've seen a tentative offer from the Obama administration in which they will use the chained CPI for adjusting cost of living increases for higher income Americans only.....no details specified.......and not across the board but that is just an offer and not the legislation.
They have to be cut under exisiting law. The date keeps getting moved up too.
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This is just plain not true. Here are charts of projected long-term spending. Social Security isn't unsustainable at all (it's the part on the bottom that barely rises):
This is more or less a cherrypick. The CBO has SS going up as a % of our GDP by almost 3% in the next 30 years. They also write the following:
"Another commonly used measure of the program’s sustainability
is the trust funds’ exhaustion date, which CBO
projects will be 2039 under the extended-baseline scenario
and 2037 under the alternative fiscal scenario.8
Once the trust funds are depleted, the Social Security
Administration would no longer have legal authority to
pay benefits. In the years following the exhaustion of the
trust funds, annual outlays would therefore be limited to
annual revenues. As a result, the benefits that can be paid
under current law are substantially lower than the benefits
that are scheduled to be paid"
The next generation is who is paying for you SS and Medicare right now, you greedy liberal asshole.
You don't mind spending their money though...
Mott the Hoople
Sweet Jane
Do the math dude. SS is not a driver of our national debt. That's just a fact.
Mott the Hoople
Sweet Jane
So fucking what? It's an easy fix. This has happened before. Just raise the cap to account for inflation since the last time the payroll tax cap was adjusted. Problem solved!
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I've done the math, and so has the CBO. It isn't pretty. People are in denial about SS.
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And if you would have read that FIRST, you wouldn't have made such a stupid post like this to begin with..
Originally Posted by Thing1
The idea that SS doesn't help drive the deficit is crazy.
And I told you in post 25 how easy it is to keep it solvent for the future...
evince
Truthmatters
there is a simple way to solve the SS problem.
Up the numbers who are allowed to immigrate into the country.
that will solve the problem of more taking out and fewer paying in.
easy peasey
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The Almighty
What exponential population increase? Birth rates have been on the decline and the average children per woman is now about 1.9, which is below the level needed to simply maintain the population.
A cut is not inevitable. As the fiscal status can be addressed in multiple ways other than cuts. Unless you are counting raising the age requirement for FRA a cut. That should be adjusted based on average life expectancy. That said, even that doesn't have to happen.
The White House and the Democrats in general, use the same tactic year after year after year.....threaten SS and Medicare, then threaten to cut teachers and
firemen and police.....funny then never threated to limit the perks of Congress, the outrageous pay, benefits and pensions of federal workers ....
the money wasted on unnecessary travel and per diem...the foolish grants for the study of cow farts and the sex life of insects....the fraud in government spending ....
the federal workers that owe 10's of millions in unpaid back income taxes, etc....the list is endless....
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Oh, I dunno - maybe the census projection of a doubling of the population age 65 and over by 2060. Maybe that population increase.