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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare
Posted on 5/16/24 at 8:08 am to wackatimesthree
Posted on 5/16/24 at 8:08 am to wackatimesthree
quote:I guess it depends on the definition of "entitlements." In accordance with your terminology, if I loan you money, do your payback installments comprise entitlements for me?
When you can't even convince people who think they are conservative that SS/Medicare are entitlements
1
Posted on 5/16/24 at 8:10 am to HailHailtoMichigan!
It is really scary how uninformed people are about SS. There is absolutely no way SS benefits can be increased without crashing the economy.
They have waited so long that the solution can no longer be moving the retirement age up, increasing the cap, increasing the percentage or means testing benefits.
It has to be ALL of them.
These dumb arse boomers should have saved for retirement instead of spending it all.
They have waited so long that the solution can no longer be moving the retirement age up, increasing the cap, increasing the percentage or means testing benefits.
It has to be ALL of them.
These dumb arse boomers should have saved for retirement instead of spending it all.
Posted on 5/16/24 at 8:24 am to armtackledawg
quote:Goodness that's dense. you're playing quite the patsy to government greed.
These dumb arse boomers should have saved for retirement instead of spending it all.
As posted earlier:
quote:
Boomers is a Latin Term.
Translated, it means ... $72.6 trillion going directly to heirs ... even the really stupid ones.
Posted on 5/16/24 at 8:25 am to NC_Tigah
quote:
I guess it depends on the definition of "entitlements."
If we go with the established, longstanding definition, social security is absolutely an entitlement program.
But, progressives hear "welfare program for freeloaders" when conservatives accurately describe it with that word.
Of course, that's partly because so many people have no idea how the program actually functions and do use it in that manner.
Posted on 5/16/24 at 8:30 am to DisplacedBuckeye
quote:
If we go with the established, longstanding definition, social security is absolutely an entitlement program.
But, progressives hear "welfare program for freeloaders" when conservatives accurately describe it with that word.
Posted on 5/16/24 at 8:35 am to NC_Tigah
obviously, it is not all Boomers. But way, way too many did nothing to plan for retirement and are stupidly going to rely solely on SS.
Posted on 5/16/24 at 9:06 am to armtackledawg
quote:Don't believe everything you read.
But way, way too many did nothing to plan for retirement and are stupidly going to rely solely on SS.
e.g., Boomers are set to pass on the largest intergenerational wealth transfer in the history of the planet. That doesn't really jibe w/ contentions that significant numbers "did nothing to plan for retirement and are stupidly going to rely solely on SS."
For example, boomer retirement survey toplines highlight savings disparities between college educated and non-college educated workers, but often fail to account for associated blue-collar pensions.
The game here is to convince successor generations that the Feds are better equipped to pass on the Boomers' $74T than the Boomers are. Believe it or not, they are succeeding.
Posted on 5/16/24 at 9:17 am to David_DJS
quote:
Yes, he is.
Nope
quote:
I’m hardly lying.
On a message board, you are what you post. You post like a big government RINO.
Yes you are lying. Period. It seems that is what you have to do have do in order to debate a topic.
It's laughable.
quote:
You don’t think some welfare recipients pay something in the way of taxes? So because some do, does it magically make the benefits they receive not entitlements?
Oh no no no, don't twist things to sell your point of view. I'm not talking about welfare. I'm talking about retirement.
That's what people do when they can not argue a point. Combine 2 entirely different things and make them equal. People paying in for 45 years with the understanding of retirement is NOT, nor has it ever been the same as somebody not working and getting welfare.
quote:
I don’t know what you’re talking about here
I see that.
Posted on 5/16/24 at 9:21 am to NC_Tigah
quote:
She received $22.54/month for 35 yrs. That's the equivalent of $176,463.00 in total, in today's money, over her 100yr lifetime.
It should be no surprise that if recipients live to 100yrs old, they actually get a reasonable ROI on their SS contributions.
All true. He asked who funded her retirement, the fact is that when the act was passed, they set up a fund and put 50 million of tax payer's money into it.
That's where the money came from.
While he points to 1 person, I pointed out hundreds of thousands that never collected a dime but paid in.
Posted on 5/16/24 at 9:25 am to Taxing Authority
quote:
By this “logic” the government owes me a road. Where do I call to claim it?
It's not even comparable. Nowhere does the federal or state say they are taxing you and then when you reach a certain age, they are going to give you a road.
No, it's nothing like it!
Posted on 5/16/24 at 9:26 am to Taxing Authority
quote:
Why don’t I get a refund of my income taxes?
Not the same. Horrible attempt to equate the 2 and call it the same.
Posted on 5/16/24 at 9:28 am to Taxing Authority
quote:
No. I’ve never received a monthly refund of my income taxes. It all seems to go to other people. Even though I paid in my whole working career.
Again, your reasoning it way flawed. You are trying to equate the 2 and they are not the same.
BTW, you want less income taxes then get back to what funded the federal Gov before FDR and his free trade cronies took the USA down a globalism and socialist path.
Posted on 5/16/24 at 9:31 am to Taxing Authority
quote:
quote:
Build a damn road man I don’t get it? It your ranch.
Pay for your own damn retirement man. I do t get it?
(of course) I should build my own road, but if we look at all taxes as “money we paid into”, why doesn’t the government owe me a refund on all the taxes I paid in? I’m just illustrating absurdity with absurdity.
And there is your flawed logic. People did pay via forced taxes with the idea of monthly payments.
Nowhere in any tax code or program does the state or federal gov say that when you reach a certain age, we will use your income taxes to build you a road on your private property.
These 2 things are not and will never be the same.
Posted on 5/16/24 at 9:33 am to BCreed1
quote:Right. The program was front-loaded with 3-yrs of full funding.
they set up a fund and put 50 million of tax payer's money into it.
Posted on 5/16/24 at 9:39 am to NC_Tigah
quote:
Is it? To be clear, you and I are probably in complete agreement regarding our national financial predicament. We're a couple of failed treasury auctions away from fiscal dominance and a completely new paradigm.
We all are. The defining difference is one thing retirement from SS.
All of us want a balanced budget. Most of us want a responsible Gov that still understands it's not their money but tax payers and they work for us.
The difference is they want to end a program and allow the current gov to just take the fund. The other side has a different take. It's stealing from the public. Instead of allowing them to do that, let's explore other options to bring it to an end with out them just stealing that money.
This post was edited on 5/16/24 at 9:49 am
Posted on 5/16/24 at 9:39 am to beerJeep
quote:Sure, for those not already paid into the system, another solution would be great, but also:
The sooner they kill SS and Medicare/medicaid the better.
-Obamacare
-Welfare for popping out babies
-Auto citizenship (and benefits) for people who's illegal parents never paid a dime into US taxes.
These can go, too.
Posted on 5/16/24 at 9:50 am to HubbaBubba
quote:
Sure, for those not already paid into the system, another solution would be great
Exactly
Posted on 5/16/24 at 10:15 am to BCreed1
quote:
We all are. The defining difference is one thing retirement from SS.
All of us want a balanced budget. Most of us want a responsible Gov that still understands it's not their money but tax payers and they work for us.
The difference is they want to end a program and allow the current gov to just take the fund. The other side has a different take. It's stealing from the public. Instead of allowing them to do that, let's explore other options to bring it to an end with out them just stealing that money.
We're actually butting heads over the wrong issue, the issue is why is SS and Medicare having funding shortfalls when it was supposed to be well funded through payroll taxes and the employers matching contributions.
The issue is......where did the $35 trillion of US debt go? SS and Medicare should have been adequately funded for generations, we should have roads paved in gold and jewel encrusted bridges with $35 trillion of US debt.
Conduct a thorough audit of the $35 trillion of US debt and you'll find out why SS and Medicare are on the precipice of insolvency.
Posted on 5/16/24 at 10:20 am to armtackledawg
quote:
There is absolutely no way SS benefits can be increased without crashing the economy.
No offense, but the recipients of SS are the ones driving the price growth in consumer goods:
Year COLA
2015 0.0
2016 0.3
2017 2.0
2018 2.8
2019 1.6
2020 1.3
2021 5.9
2022 8.7
2023 3.2
It's a feeback loop that can continue until Treasuries are out of favor with the global economy and at this point in time it's fair to say the more Treasury supply that is issued the higher demand for them there is based on auction data over a few decades.
Posted on 5/16/24 at 10:20 am to BCreed1
quote:Congress promises all sorts of stuff it never delivers on. Why is SS some immutable promise?
It's not even comparable. Nowhere does the federal or state say they are taxing you and then when you reach a certain age, they are going to give you a road.
No, it's nothing like it!
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