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Message

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

Posted on 5/16/24 at 11:58 am to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124273 posts
Posted on 5/16/24 at 11:58 am to
quote:

I am not willing to allow the federal Gov to keep people's monies via a tax to simply get my wish of ending it. You are ok with that. That is our difference.
All immaterial anyway. SS is a debt funding instrument marketed as a retirement program.

As long as our nation is in debt, the US government will not cede SS as a debt management tool.

Regarding ending the program with no payback for contributions, d/t the debt obligation structure, I'm fairly certain that would entail Constitutional challenges.

Posted by BCreed1
Alabama
Member since Jan 2024
1348 posts
Posted on 5/16/24 at 12:09 pm to
quote:

All immaterial anyway. SS is a debt funding instrument marketed as a retirement program.

As long as our nation is in debt, the US government will not cede SS as a debt management tool.


No argument from me on that. To me, that's just part of what has to be tackled in order to end it.


quote:

Regarding ending the program with no payback for contributions, d/t the debt obligation structure, I'm fairly certain that would entail Constitutional challenges.


And that would be a needed process. It would be hard to fathom that the SCOTUS would say "what people paid in with the promise on retirement doesn't matter... "

But then again, I never thought the SCOTUS would rule that killing an unborn child is ok. Then decades later say it's not a federal jurisdiction.

For me, the issue can be solved. It would require congress to act to allow funding from other sources. It would require the STATES to force a COS and by that check and balance FORCE them into fiscal responsibility.

On a side note on how we should operate with taxes... force a 5% income tax on everybody with no loopholes. Go back to excise tax and tariffs funding the federal gov. Among other things.



Posted by winkchance
St. George, LA
Member since Jul 2016
4129 posts
Posted on 5/16/24 at 12:09 pm to
Boomers by and large, do not understand Ponzi scheme (they were the first victims of the Airplane scam) or they do and they just hate the generations that follow them.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124273 posts
Posted on 5/16/24 at 12:14 pm to
quote:

Boomers by and large, do not understand Ponzi scheme
Who imparted you with such wonderful wisdom?
Posted by BCreed1
Alabama
Member since Jan 2024
1348 posts
Posted on 5/16/24 at 12:16 pm to
Where do these people come from and how do they reach their conclusions!?


Posted by VOR
Member since Apr 2009
63682 posts
Posted on 5/16/24 at 12:21 pm to
SS and Medicare have proven to be worthwhile programs for a half century. At most, they need only some tweaking to reform and ensure solvency going forward. It literally has prevented millions of elderly from living in poverty, like it or not. Facts are facts.
Posted by wackatimesthree
Member since Oct 2019
4294 posts
Posted on 5/16/24 at 12:23 pm to
quote:

At most, they need only some tweaking to reform and ensure solvency going forward.


Well, let's hear the details. With the math.
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:31 pm to
quote:

Wow
Goure wowed by that? I mean.. read this thread.

quote:

Who has possession of it has nothing to do the subject.
Yes it does. Here I’ll show you…

quote:

I stated that you would like for the gov to end it and just keep all monies paid in.
They already have it.
And for the record I mad no such statement. I know that there is very little cash in the “trust fund” when you remove the IOUs. If the government disbursed it (ex the IOUs) you’d get virtually nothing.

quote:

Where that money is doesn't have anything to do with that. Who administers it has nothing to do with what you feel is the right way to go.
It has nothing to do about my feelings. It’s a simple fact-the federal government has (had) your money. You seem to be under the impression that someone other than the federal government is running social security.

quote:

That being to end it and the Gov just keeps all monies paid in.
They don’t need to take “your” SS money. tThey already took it. SS isn’t a bank.
This post was edited on 5/16/24 at 12:33 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:35 pm to
quote:

No, we understand what the federal gov has become.
Nah. Always was. You made the kistake of trusting them.

quote:

Some of us want to hold them accountable.
No doubt. You seem perfectly willing to vote yourself more of governments money.
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:40 pm to
quote:

Nobody is stating that they are. You are arguing against a point nobody made.
Yes. You did. Outside of an enforceable “promise” SS taxes are no different than any other taxes. Did you believe “if you like your plan, you can keep your plan” too?
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:42 pm to
quote:

Same as above. Not one single person in this thread on either side is saying congress can not change it or any other tax.
The. I have no idea what you’re arguing. If you admit that Congress can cut SS benefits to $0 at it’s whim… Tnlhan it clearly doesn’t “owe” you anything. Just like any other tax revenue.
Posted by BCreed1
Alabama
Member since Jan 2024
1348 posts
Posted on 5/16/24 at 12:42 pm to
quote:

Yes it does. Here I’ll show you…

quote:
I stated that you would like for the gov to end it and just keep all monies paid in.

They already have it.


And are paying out monthly to retired people.

quote:

It has nothing to do about my feelings. It’s a simple fact-the federal government has (had) your money. You seem to be under the impression that someone other than the federal government is running social security.



quote:

They don’t need to take “your” SS money. tThey already took it. SS isn’t a bank.


You are playing semantics. I don't care if it's in a bank or a hole in the ground or gone. What I care about is hold the Federal gov responsible. Just ending it gives into what they have done.

Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69399 posts
Posted on 5/16/24 at 12:44 pm to
quote:

At most, they need only some tweaking to reform and ensure solvency going forward.


Honestly, frick yourself. This is not true. The programs may be worthwhile, but their future outlook is grim without reforms or tax increases, period.

Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:46 pm to
quote:

Let's be more clear here.
I appreciate the attempt.

quote:

Our difference is that I am not willing to allow the federal Gov to keep people's monies via a tax to simply get my wish of ending it. You are ok with that. That is our difference.
it’s not a “wish”. It’s a recognition that WE DO NOT HAVE THE MONEY.

quote:

There are ways to end it and not have the federal gov laughing at the US Citizen behind closed doors calling us "suckers" "we took their money and will still find a way to tax them".
You don’t think they do that with all taxes?

I don’t care if those clowns are entertained or not. I do care if we have to go through a monetary collapse because we are unwilling to face up to the fact that we simply don’t have the money.
This post was edited on 5/16/24 at 12:49 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:46 pm to
quote:

take the money we are sending to ukraine, israel, etc. and this would be easy peasy.
No.
Posted by BCreed1
Alabama
Member since Jan 2024
1348 posts
Posted on 5/16/24 at 12:48 pm to
quote:

The. I have no idea what you’re arguing. If you admit that Congress can cut SS benefits to $0 at it’s whim… Tnlhan it clearly doesn’t “owe” you anything. Just like any other tax revenue.



I get that you don't understand it. I can see that.


quote:

OLD-AGE BENEFIT PAYMENTS

SEC. 202. (a) Every qualified individual (as defined in section 210) shall be entitled to receive, with respect to the period beginning on the date he attains the age of sixty-five, or on January 1, 1942, whichever is the later, and ending on the date of his death, an old-age benefit


Per this, they do. And we can go to court over it.

Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:52 pm to
quote:

And are paying out monthly to retired people.
Just like it builds roads with tax money.

quote:

What I care about is hold the Federal gov responsible.
Too late.

quote:

Just ending it gives into what they have done.
When you buying to a ponzi scheme and the scammer spends his money on hookers and blow then wastes the rest of it… it kinda late to get “your” money back.
Posted by Taxing Authority
Houston
Member since Feb 2010
57425 posts
Posted on 5/16/24 at 12:53 pm to
quote:

Per this, they do. And we can go to court over it.
Good luck
Posted by BCreed1
Alabama
Member since Jan 2024
1348 posts
Posted on 5/16/24 at 12:55 pm to
quote:

quote:
Let's be more clear here.

I appreciate the attempt.





quote:

quote:
Our difference is that I am not willing to allow the federal Gov to keep people's monies via a tax to simply get my wish of ending it. You are ok with that. That is our difference.

it’s not a “wish”. It’s a recognition that WE DO NOT HAVE THE MONEY.


That isn't the point. The point is they took it. They stated clearly in the law they passed in SEC. 202. that upon the age of 65 and until death that the gov is obligated to pay out monthly installments from the tax they implemented.

Do you want it gone?

quote:

I don’t care if those clowns are entertained or not. I do care if we have to go through a monetary collapse because we are unwilling to face up to the fact that we simply don’t have the money.


I care about ending their greed for our money thinking all they have to do is take it.

It is the only way to end them thinking that.

There are ways to accomplish it with out Monetary collapse.
Posted by GumboPot
Member since Mar 2009
119065 posts
Posted on 5/16/24 at 12:57 pm to
quote:

The programs may be worthwhile, but their future outlook is grim without reforms or tax increases, period.



Actually (in a Tucker voice) after the boomers die off and the Xers are retired SS is going to be looking pretty good. The Xers are the lowest population and they will have much higher population Millennials and Gen Z contributing to SS. Just have to get through this rough patch with all the boomers retiring.
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