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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 1:05 pm to GumboPot
Posted on 5/16/24 at 1:05 pm to GumboPot
quote:SS revenues run about 22% shy of outlays. If nothing is done, projections are SS will run ~20% deficits for the next century.
Actually (in a Tucker voice) after the boomers die off and the Xers are retired SS is going to be looking pretty good.
0
Posted on 5/16/24 at 1:07 pm to Taxing Authority
quote:
quote:
What I care about is hold the Federal gov responsible.
Too late.
No it isn't. It's the people that have to stand up. The issue is people have been willing to let it go and just ride the waves.
quote:
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.
Not the same thing. We both know that. The federal Gov gets taxes in many ways. Congress can act to fund SS from other forms while cutting the program for the future people. It's just a matter of how and what will happen with those taxes once it does come to an end.
We simply need to apply the number needed per year until the end of SS(if we can get that far). At that point, attack it from as many angles as we can. From Tariffs to excise tax, to forcing the federal gov to cut back and run a surplus.
If we want to fix the issue, there are solutions.
Posted on 5/16/24 at 1:23 pm to BCreed1
quote:
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.
Says the guy whining and saying nothing more than "you don't have an argument."
Arguments in favor of Covid spending and propping up social security are big government arguments. Each program absolutely makes fedgov bigger and more in control.
quote:
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.
We're talking about entitlements, which social security is. That the entitlement targets retirees doesn't make it not an entitlement.
quote:
That's what people do when they can not argue a point. Combine 2 entirely different things and make them equal.
Which is funny because that's what you're doing. We're talking entitlements, not your retirement. Social security is an entitlement, as I've argued - just like all the other entitlements that can benefit taxpayers.
quote:
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.
Didn't you just say something about combining two different things, blah, blah, blah?
My argument is that because you pay taxes does not mean a government benefit can't be an entitlement. "Entitlement" means you are entitled to a benefit, which describes social security and other entitlements afforded taxpayers and non-taxpayers alike.
quote:
I see that.
That's a start. Learn from it. It's easier to make persuasive arguments if you you're arguing from a logical/factual position.
Posted on 5/16/24 at 1:26 pm to FreddieMac
quote:
Social security is a bad return on investment. They paid into that system their entire life, why should they not get a better benefit?
Why should more people be roped into the scam?
Posted on 5/16/24 at 1:37 pm to HailHailtoMichigan!
SS is not an entitlement.
Posted on 5/16/24 at 2:30 pm to David_DJS
quote:Correct, and pertinent to Medicare, and other programs.
My argument is that because you pay taxes does not mean a government benefit can't be an entitlement.
SS is different. Participants are entitled to SS checks (loan repayments) in a similar way to your mortgage company being entitled to your monthly house note payment.
SS is structured differently from other programs because the actual beneficiary is the government, not the individual.
Posted on 5/16/24 at 4:31 pm to BlueFalcon
quote:They shouldn't.
Why should more people be roped into the scam?
If folks actually understood "the scam," they wouldn't be roped in.
But they don't!
As exemplified here, too many scream "Ponzi," or "Boomer," or "Old People Welfare" with no clue as to WTF SS actually is.
Posted on 5/16/24 at 7:12 pm to wutangfinancial
To sustain that past 2033, payroll taxes will have to go way up. I crease benefits, even more. The producers will be paying dearly.
Posted on 5/16/24 at 8:11 pm to HailHailtoMichigan!
quote:
It’s polls like this that make me skeptical we will solve the entitlement crisis looming in 2033.
Skeptical? No one is even putting forth legislation to adress it. If it's eing debated, I missed it. Let me help you out: there is no chance it gets solved by any deadline you can think of.
Posted on 5/17/24 at 11:38 am to NC_Tigah
quote:
SS is different. Participants are entitled to SS checks (loan repayments) in a similar way to your mortgage company being entitled to your monthly house note payment.
Do you really believe that fundamentally, we are borrowing money to the federal gov't when we pay social security taxes?
And if that analogy is solid, how is it different from me borrowing money other ways I pay taxes and receive benefits in return? Benefits can be protection, security, infrastructure, and these days the great benefit of knowing I'm taking great care of my favorite politicians, their families and closest friends.
Posted on 5/17/24 at 11:45 am to BigPerm30
Problem with the boomers .......they die off faster than any increases they may see .......
Boomers paid a heavy price for what we have now ......
Boomers paid a heavy price for what we have now ......
Posted on 5/17/24 at 11:46 am to David_DJS
quote:
Participants are entitled to SS checks (loan repayments)
The Citizen is the bank. It gave money to the Gov (loan) with the Gov stating this:
quote:
Section 201. (a) There is hereby created an account in the Treasury of the United States to be known as the Old-Age Reserve Account hereinafter in this title called the Account.
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
The terms of the Loan from the US Citizen to the US Gov.
quote:
we are borrowing money to the federal gov't when we pay social security taxes?
Lending it... very much so.
quote:
And if that analogy is solid, how is it different from me borrowing money other ways I pay taxes
Name the act that says the Federal Gov agrees to take your money and give you, as an individual, anything that you will take ownership of.
Posted on 5/17/24 at 11:48 am to HailHailtoMichigan!
Boomers are going to bankrupt SS and Medicare. Such greedy and useless people.
Posted on 5/17/24 at 12:00 pm to Revelator
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.
Discretionary spending is less than one-third of the federal budget. Mandatory spending makes up the large bulk of it.
Posted on 5/17/24 at 12:30 pm to Ostrich
quote:
Discretionary spending is less than one-third of the federal budget. Mandatory spending makes up the large bulk of it.
In the words of my father, "It all adds up". "A dollar here and there becomes $100 dollars".
Posted on 5/17/24 at 12:39 pm to BCreed1
quote:
The terms of the Loan from the US Citizen to the US Gov.
What do you call a loan you are forced to make? It's not a loan. It's a tax.
quote:
Name the act that says the Federal Gov agrees to take your money and give you, as an individual, anything that you will take ownership of.
Name the loan that is forgiven upon the death of the lender, even if that happens before repayment begins.
Posted on 5/17/24 at 2:17 pm to David_DJS
quote:
quote:
The terms of the Loan from the US Citizen to the US Gov.
What do you call a loan you are forced to make? It's not a loan. It's a tax.
Forget the word "LOAN". It does not changed the ACT passed by Congress and signed by the President. The terms within that ACT remain the same:
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
Period. Nothing you are even trying to argue applies to this.
quote:
quote:
Name the act that says the Federal Gov agrees to take your money and give you, as an individual, anything that you will take ownership of.
We both knew you were not going to be able to name one because there isn't one.
Posted on 5/17/24 at 2:25 pm to ronricks
quote:
Boomers are going to bankrupt SS and Medicare. Such greedy and useless people.
Share your thoughts ^^^^^ with your Boomer parents, grandparents, uncles, aunts, etc. You need to let them know you don't want any of their ill gotten gains.
Damn Boomers!
Hey, that ^^^^ may be the name of me and baby bros new band we're putting together.
Posted on 5/17/24 at 2:39 pm to ronricks
quote:Did you have parents or did you hate them like everything else? You are really a pitiful person.
Boomers are going to bankrupt SS and Medicare. Such greedy and useless people.
Posted on 5/17/24 at 3:08 pm to BCreed1
quote:
Period. Nothing you are even trying to argue applies to this.
In your mind, but you are programmed by fedgov. I'm skeptical of everything government does, and that includes putting "weighty" words in an order that impresses guys like you to the point you advocate for it.
quote:
We both knew you were not going to be able to name one because there isn't one.
Because your question is just more nonsense.
"Name the act that says the federal gov agrees to take your money"
Do you not understand what you're suggesting here? And you wonder why I consider you a big gov't type. I mean, there isn't a guy that believes in small/limited gov't that would ever think (let alone type out for public consumption) - "the federal gov't agrees to take your money" is a logical way to describe a tax.
So where is that example of a loan that is forgiven when the lender dies, even if repayment hasn't even started?
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