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Originally posted by Rockpuck
reply to post by whatukno
Oh look guys, political baiting with a half-baked analogy that makes no sense!
Originally posted by whatukno
reply to post by Rockpuck
I just wonder why people think it's an entitlement if I pay for it.
Don't you think that you should get something that you paid for?
But that isn't the way the government works, is it? If you have something, the government takes a portion, if not all, of it from you, under threat of imprisonment. They take it from you at the point of a gun and do you say"hey..that's mine you can't have it?" No, you say "here have some more! Is that enough?" Sometimes they give that money, that YOU worked for, to someone else. And you don't get it back because you're not poor enough, or you're the wrong color, or the wrong sex. But you are forced to give until you bleed, and you have NO CHOICE! I hate to break this to you, whatukno, but you have been brainwashed. You didn't even see it coming. Until you break the hold the government has on you, you will continue to be OK with extortion, deceit and theft.
If anyone has a better explanation of the difference between Republican and Democrat I'm all ears.
Originally posted by whatukno
reply to post by The Old American
Does this happen to you every payday? It's odd, but no one comes to me from the government with a gun and demands money from me. They have never done this to me. So, why should I believe your delusion that the government comes and commits armed robbery?
See, when you start off with a lie, the rest of what you say becomes a lie.
Sure, maybe we could set it up to where if you don't want to have SS taken out of your check but instead invest it in a 401K or blow it on whatever that's your choice. But what happens when you retire? What happens when some wall street crook like Bernie Madoff comes along and rips you off, or if you choose to not invest it at all? Would it be right to just let you starve and die in a gutter?
You completely, utterly and with malice aforethought dismissed my argument out of hand.
malice aforethought n. 1) the conscious intent to cause death or great bodily harm to another person before a person commits the crime. Such malice is a required element to prove first degree murder. 2) a general evil and depraved state of mind in which the person is unconcerned for the lives of others. Thus, if a person uses a gun to hold up a bank and an innocent bystander is killed in a shoot-out with police, there is malice aforethought.
Originally posted by whatukno
reply to post by The Old American
You completely, utterly and with malice aforethought dismissed my argument out of hand.
See, the problem here is, I have committed no murder, so, I could not have used Malice Aforethought in dismissing your argument out of hand. Malice Aforethought applies to murder and not dismissing a erroneous thought by another.
But as I conceded earlier in this thread that people should have the option to not pay into this system. However, I don't want to instead be forced to pay wall street, that's like trusting a crackhead with money, sure, you can try, but it's likely that you won't see that money ever again.
Social Security currently has a $2.6 trillion surplus which has been building up since the 1983 amendments and is intended to help absorb the retirement of the baby boomers. This surplus is invested in US Treasury securities that are backed by the full faith and credit of the US government. According to the Social Security Trustees 2010 report, Social Security can pay full benefits until 2037, at which time, if nothing were done to strengthen its financing, Social Security would still be able to pay about 78 percent of benefits. This quarter of a century means there is time to strengthen its financing without cutting benefits for future beneficiaries. The American people will insist that Congress do what is needed for the program to pay full benefits and protect these benefits they were promised and have earned.
I have answered this same question in another thread, let's try it here too.
Originally posted by whatukno
Now, what is odd to me is when people say that Social Security is insolvent, it's broke, there's no money left. Because they never back up their claims with anything concrete.
But however This article seems to fly in the face of the naysayers who say that Social Security is broke.
Social Security currently has a $2.6 trillion surplus which has been building up since the 1983 amendments and is intended to help absorb the retirement of the baby boomers. This surplus is invested in US Treasury securities that are backed by the full faith and credit of the US government. According to the Social Security Trustees 2010 report, Social Security can pay full benefits until 2037, at which time, if nothing were done to strengthen its financing, Social Security would still be able to pay about 78 percent of benefits. This quarter of a century means there is time to strengthen its financing without cutting benefits for future beneficiaries. The American people will insist that Congress do what is needed for the program to pay full benefits and protect these benefits they were promised and have earned.
So, am I living in bizzaro world? Since when is a surplus actually broke?
Now it does go onto say that if we do nothing that retirees would only get 78% of their benefits. But that's a long way from saying that people would get nothing.
Originally posted by sonofliberty1776.....and that does not scare you? Do you not understand that there is no social security trust fund? The so called trust fund is flooded with valueless T-Bonds. How can you not get that this is a huge problem???????? The money is worthless, just as soon as people realize it is. It's current "worth" is based solely upon your belief that it has value. Please stop deluding yourself and understand that the US government is broke; thus yes, like it or not, we are all broke. It is only a matter of time. Why do you think gold and silver are at all time highs? Why are people minting their own currencies? Why are states issuing their own currencies? We are in the shadow of a great big shoe and we are just waiting for it to drop. The only thing holding that "shoe" up and stopping from dropping right now is the shared belief that "full faith and credit" actually means something. Please take off your rose colored glasses and look at our current government. Look at who we have in government. Recall all of their lies and obfuscations. How much faith can you actually have in them? Believing in God and Jesus is a cinch compared to believing in obama, reid, pelosi, etc.... As for credit, have you checked our national debt?
Let's try am addendum to your experiment. First, I am forced at gun point to go into that store every week and buy other people's groceries at which point I am given an IOU redeemable only at that grocery store and redeemable at age 62, later the redemption date is changed to 65, later the redemption date is 67, now they say that "you really want to work longer than age 67, so we are planning to move the redemption date to age 70. But don't worry your IOU is safe, backed by the full faith and credit of this grocery store" later you read in the news that the money you paid in that was not used just for other people's groceries but also for pet projects like aisle expansions as directed by the board of directors. So many nice things were done to the store to pretty it up that now the store is in massive debt. Actually half of their income now pays just for the debt that they accumulated. But hey don't worry, we stand behind that IOU.
Originally posted by whatukno
Here is an experiment for the conservatives who want to tell everyone that believe that Social Security and Medicare are "entitlement programs"
Go into a store, any store will do, pick a bunch of stuff that you want. Bring it to the counter, pay for it, then leave the store without it.
That's what Conservatives want everyone to do.
Each and every week, I pay for Social Security and Medicare, but for some reason, thinking that someday I may take this money that I have paid into the system, Conservatives think I am doing something wrong.
So, there it is, the experiment, go into any store of your choosing, pick out items you want, go and pay for those items, and leave them at the store, because that is what you are wanting everyone to do.
The other thing they want, is for us to give money to wall street.
So, there's an experiment for that too, go out, find a thief, bum, some other low life scum, give him your money, and ask him to go to the store for you. See how well that goes.
Originally posted by whatukno
Now, what is odd to me is when people say that Social Security is insolvent, it's broke, there's no money left. Because they never back up their claims with anything concrete.
But however This article seems to fly in the face of the naysayers who say that Social Security is broke.
Social Security currently has a $2.6 trillion surplus which has been building up since the 1983 amendments and is intended to help absorb the retirement of the baby boomers. This surplus is invested in US Treasury securities that are backed by the full faith and credit of the US government. According to the Social Security Trustees 2010 report, Social Security can pay full benefits until 2037, at which time, if nothing were done to strengthen its financing, Social Security would still be able to pay about 78 percent of benefits. This quarter of a century means there is time to strengthen its financing without cutting benefits for future beneficiaries. The American people will insist that Congress do what is needed for the program to pay full benefits and protect these benefits they were promised and have earned.
So, am I living in bizzaro world? Since when is a surplus actually broke?
Now it does go onto say that if we do nothing that retirees would only get 78% of their benefits. But that's a long way from saying that people would get nothing.
It is instructive to note that the $2.5 Trillion Social Security Trust Fund has value, not as a tangible economic asset, but because it is a claim on behalf of beneficiaries on the goods and services produced by the working population. This claim will be enforced by the United States Government although the precise monetary mechanism of enforcement is yet to be determined. In order to repay the Trust Fund, the United States government has three options, which may all be pursued to varying degrees.
Scenario 1 (Trust Fund is an accounting fiction):
* 1984: $1 payroll tax collected in 1984
* 1984: $1 lent by Social Security to the federal government
* 1984: Federal government increases spending on government programs by $1
* 2020: Federal government raises taxes by $1 plus interest to repay the loan to Social Security
* 2020: $1 plus interest transferred from Federal Government to Social Security.
Scenario 2 (Trust Fund represents real economic savings):
* 1984: $1 payroll tax collected in 1984
* 1984: $1 lent by Social Security to the federal government
* 1984: Federal government borrows $1 less from other sources and increases spending on government programs by $0
* 2020: Federal government raises taxes by $0, but may borrow from other sources, to repay the loan to Social Security. Any tax increases that occur in 2020 would have happened anyway without Social Security.
* 2020: $1 plus interest transferred from Federal Government to Social Security.