Started By
Message

re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare

Posted on 5/15/24 at 2:05 pm to
Posted by GumboPot
Member since Mar 2009
119067 posts
Posted on 5/15/24 at 2:05 pm to
quote:

SS payments have not kept up with inflation at all the past few years.


That's how the federal government affords to keep SS at current levels and as it continues to become more expensive for the federal government they will continue to inflate prices without increasing SS benefits.

The system is stressed right now due to boomers retiring. But when the boomers die and the x-ers retire SS will be in good shape because x-ers are between a higher population of boomers above and millennials/gen-Z-ers below.
Posted by BCreed1
Alabama
Member since Jan 2024
1349 posts
Posted on 5/15/24 at 2:09 pm to
1- Where were the fiscal conservatives from the 40s on? No where. Which is why this looks like it does:



2- The answer is a return to PRE FDR on how we fund the federal Gov. That is to reduce taxes on businesses and the people and use excise tax and tariffs to pay for the federal Gov. OR a blend of it.

3- End the myth of free trade. There is no such thing. You will not find a nation that is willing to have zero trade barriers. Only the USA Citizen is suppose to be ok with the wealth redistribution from the USA to friggin communist nations.

4- The survey shows that people want THEIR money that they were REQUIRED to pay in. Nothing wrong with that. They didn't ask the Federal Gov to be bat shite crazy.


5- 2033 isn't going to end it. It will automatically reduce the amount paid out.
Posted by Richleau
Member since Dec 2018
2425 posts
Posted on 5/15/24 at 2:11 pm to
Boomers.
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
229 posts
Posted on 5/15/24 at 2:11 pm to
quote:

Meanwhile, interest on the debt (which we are largely incurring due to ss and Medicare) is now the 2nd largest expenditure.



Not true Medicare and SS are flawed programs, but as of right now Congress has not borrowed any money to fund them. Congress has borrowed money from them to spend on other things, like border security in Europe and the Middle East and teaching Chinese Prostitutes how to have safe sex.

The crises in the Social Security Trust Fund will simply be that in 2033 ish, Congress won't be able to borrow and spend from that trust fund because they will have exhausted it, which may ignite a spending crises.

The other crises will be the mass turnover in Congress if they don't pay SS benefits.

I don't know the exact value of current Federal land holdings, but it would seem that it is very high and that we could sell it for economic development and solve at least some of these problems.
Posted by BCreed1
Alabama
Member since Jan 2024
1349 posts
Posted on 5/15/24 at 2:12 pm to
quote:

entitlements


Defined as used here: the belief that one is inherently deserving of privileges or special treatment.

SS for older people who paid in is not entitlement. They are not asking for money not theirs. It's their money!
Posted by beerJeep
Louisiana
Member since Nov 2016
35160 posts
Posted on 5/15/24 at 2:12 pm to
quote:

Why not welfare?


Why not all subsidies/tax cuts/welfare?

I’m bout it. Are you?
Posted by Mo Jeaux
Member since Aug 2008
59160 posts
Posted on 5/15/24 at 2:14 pm to
quote:

They paid into that system their entire life, why should they not get a better benefit?


This is a very antiquated view of what social security is.
Posted by LSUbest
Coastal Plain
Member since Aug 2007
11347 posts
Posted on 5/15/24 at 2:15 pm to
If uncle sam had that 175 billion in hand right now (instead of washing it through Ukraine) would you rather them fund SS or give it to Ukraine?

They are so wasteful with our money now, why should we just surrender more to them?

Posted by beerJeep
Louisiana
Member since Nov 2016
35160 posts
Posted on 5/15/24 at 2:15 pm to
quote:

SS for older people who paid in is not entitlement. They are not asking for money not theirs. It's their money!


It is an entitlement because your average recipient takes out far more than they put in.
Posted by Ten Bears
Florida
Member since Oct 2018
3332 posts
Posted on 5/15/24 at 2:17 pm to
quote:

I don't know the exact value of current Federal land holdings, but it would seem that it is very high and that we could sell it for economic development and solve at least some of these problems.


The Federal govt own approximately 500 million acres of land and 270K office buildings w/ roughly 2.8B SF.

Yes, most of the land consists of national parks, but A LOT of their commercial real estate portfolio is unused.
Posted by hawkeye007
Member since Feb 2010
5906 posts
Posted on 5/15/24 at 2:19 pm to
its cute that you think the dems are the only ones spending our money and robbing the SS trust. Govt is the problem and govt is run by both parties.
Posted by wackatimesthree
Member since Oct 2019
4309 posts
Posted on 5/15/24 at 2:24 pm to
quote:

You are right. In all of these bills passed by Congress, there is very little frivolous spending and pet projects in them. There is absolutely no way to cut spending anywhere else.


SS/Medicare is 50% of the budget.

National Defense is 13% and it's the single biggest line item after SS/Medicare.

You're not going to make any significant difference without at least cutting SS/Medicare in half. And doing that still won't pay down the debt, it's only enough to stop running the huge deficits.

You populists have got to accept that you can't have SS/Medicare AND a smaller government. One of those two wishes on the wish list has got to go.
Posted by wackatimesthree
Member since Oct 2019
4309 posts
Posted on 5/15/24 at 2:29 pm to
quote:


This is a very antiquated view of what social security is.


While you're not wrong, I would go further and say that it's a bullshite view of what social security is.

Social Security is an entitlement, just like any other entitlement. Qualified recipients get benefits from the taxes that other people paid in. The SCOTUS already ruled it an entitlement.

The, "But it's MY money that I paid in," is just the marketing brochure that the government used back in 1936 to sell the program to the public.

Anybody who still believes that is a rube.

But most people who say that really don't believe it...they just want to have their cake and eat it too, so they say it.
Posted by idlewatcher
County Jail
Member since Jan 2012
79392 posts
Posted on 5/15/24 at 2:30 pm to
I agree. You paid into it your whole life as a contribution.

They’ve used your money to enrich themselves instead of enrich the very people who gave their money in the first place.
Posted by CharlesUFarley
Daphne, AL
Member since Jan 2022
229 posts
Posted on 5/15/24 at 2:32 pm to
quote:

It is an entitlement because your average recipient takes out far more than they put in.


Depends on how you look at it. SS works by totaling how much you how much you made of the top 35 years of your life and then indexing those earnings to inflation.

Then SS plugs that figure into a formula that give the lowest earners 90% of what they paid in, adjusted for inflation, up to a certain amount (<$1000) then the middle earners get 32% of the next chunk of their inflation adjusted earnings up to another break point and then the highest earners get 15% of the amount over that second break point.

So, obviously, higher earners are getting a raw deal, and, since inflation has historically been much less than investment returns, the return on SS absolutely sucks. If Congress had just mandated that Special Issue treasury bills that the SS Trust Fund buys generate a minimum real return, there would probably be a much smaller problem in our future.

From the beginning, the SS Trust Fund has been a way for Congress to spend more money doing the obviously important work of paying for a national cowboy convention in Nevada every year, teach shrimp how to run on a treadmill, and furthering the Tranny agenda.

When 2033 gets here, Congress will just have to spend the money to fund SS. They are really already doing that, but it might make them borrow less, but probably we will get a democrat by then who will just mint the $1,000,000,000,000 coins.
Posted by Snipe
Member since Nov 2015
11029 posts
Posted on 5/15/24 at 2:37 pm to
90% of people under the age of 50 have no clue about what social security is and how it is supposed to work. ( How it was meant to work before crooked politicians started stealing it and then convincing young people that it was a government had out program for everyone.)

I really feel bad for people who did not plan on a future without social security.

Trust me once the leeches drain SS they will come after individual retirement accounts. They want what you have and it's not fair that you're hoarding it all.
Posted by Revelator
Member since Nov 2008
58252 posts
Posted on 5/15/24 at 2:38 pm to
quote:

You populists have got to accept that you can't have SS/Medicare AND a smaller government.



How is it a populist position to want the money government has taken from your check for 45 years?
Posted by BCreed1
Alabama
Member since Jan 2024
1349 posts
Posted on 5/15/24 at 2:40 pm to
quote:

It is an entitlement because your average recipient takes out far more than they put in.


No they don't. The average male lives to the age of 73. If they were born in 1960 and retired at 62, the average male will collect 11 years of SS.

That is about 1385 per month x 132 for a total of $182,820. based on an average of $60,000 per year salary or pay.

By the age of 30 they would have paid in roughly $58K. From 31 to 62 they would have paid in $230K


That's $100K the Federal gov will keep.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11221 posts
Posted on 5/15/24 at 2:43 pm to
quote:

SS payments have not kept up with inflation at all the past few years.



They are literally indexed to CPI
Posted by Bunk Moreland
Member since Dec 2010
53897 posts
Posted on 5/15/24 at 2:46 pm to
Lol at Trump boomers.
Jump to page
Page 1 2 3 4 5 ... 17
Jump to page
first pageprev pagePage 2 of 17Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram