Most working people have seen their wages go in reverse during the great bush recession,they don’t have a snowballs chance in hell of reaching the cap anyway. Those who do reach the cap can easily afford to cough up the dough because they are the only ones that have seen an increase in wages.
As a proud dues paying member of "the AARP", I would appreciate it if you would be so kind as to show me where they said “that there is no way to tax our way to paying for Social Security “.:2wave:
They used the money and left a pile of IOU.s .A friggen deb,t is a debt, be it to China, Saudi Arabia,Japan.....In this case the promise was made.In some cases a half century ago; now your OK with wanting to to renege on A promise to our seniors(who paid the into SS their whole working lives ).
Your ok with paying debts that we borrowed as long as we don’t to increase the tax load of the people that have seen their wages ACTUALLY INCREASE during the recession.
Gotta keep them subsides for them oil companies rolling in, otherwise they wont be able to claim the title of the most profitable CORPS. On this little speck of dust in the cosmos that we call planet earth. :roll:
Actually, I think that if they would lower the that would entice more of us geezers to retire earlier and make many more good paying jobs available for younger folk.:thumbs:
Those who do reach the cap can easily afford to cough up the dough because they are the only ones that have seen an increase in wages.
"From each according to his ability, to each according to his needs!"
From each according to his ability, to each according to his need - Wikipedia, the free encyclopedia
The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows.
The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.
Medicare alone took on $1.8 trillion in new liabilities, more than the record deficit prompting heated debate between Congress and the White House over lifting the debt ceiling.
Social Security added $1.4 trillion in obligations, partly reflecting longer life expectancies. Federal and military retirement programs added more to the financial hole, too.
social security ALONE in the year two thousand ten ALONE added an ADDITIONAL and EXTRA unfunded obligation of ONE POINT FOUR TRILLION dollars to united states actuarials
that's ON TOP of the two point four trillion the white house is so desperate to lift to get it thru the next presidential
U.S. funding for future promises lags by trillions - USATODAY.com
boomers, anyone?
You can post links until your face turns blue but not one of them can honestly debunk these two facts.
Fact one= Social Security has a $2.6-trillion surplus that is projected to grow to more than $4 trillion in 2023.
Fact two= Social Security invests its surpluses, as it should, in U.S Treasury bonds, the safest interest-bearing securities in the world. The same paper that we sell to China, Japan and other wealthy investors.
Have a gooden prof google.:2wave:
i notice that 90 minutes later he posted a reply ... which totally ignored your substantial points
I normally don’t respond to one of his…goggles. All it does is open the door for more goggles to follow. Nothing wrong with using a link to substantiate what you posted/believe. But Damn? :roll:
Most working people have seen their wages go in reverse during the great bush recession,they don’t have a snowballs chance in hell of reaching the cap anyway. Those who do reach the cap can easily afford to cough up the dough because they are the only ones that have seen an increase in wages.
As a proud dues paying member of "the AARP", I would appreciate it if you would be so kind as to show me where they said “that there is no way to tax our way to paying for Social Security “.
They used the money and left a pile of IOU.s .A friggen deb,t is a debt, be it to China, Saudi Arabia,Japan....
In this case the promise was made.In some cases a half century ago; now your OK with wanting to to renege on A promise to our seniors(who paid the into SS their whole working lives ).
Your ok with paying debts that we borrowed as long as we don’t to increase the tax load of the people that have seen their wages ACTUALLY INCREASE during the recession.
Gotta keep them subsides for them oil companies rolling in, otherwise they wont be able to claim the title of the most profitable CORPS. On this little speck of dust in the cosmos that we call planet earth. :roll:
Actually, I think that if they would lower the that would entice more of us geezers to retire earlier and make many more good paying jobs available for younger folk.:thumbs:
Quote cpwill
1. those who reach the cap pay higher shares of taxes already - and currently spend some time and effort minimizing their exposure to it. hike their nominal rates, and you will only see an increase in resources poured into avoidance.
2. it still doesn't fix the massive gaping holes in social security.
it was part of them admitting that future expenditures would have to be reduced.
however, feel free to take a look at the unfunded liabilities that the trustees mention in their annual report, and make sure you read it in the context of Medicare’s.
his is incorrect. we are constitutionally obligated to pay our debt instruments to china, japan, bondholders so on and so forth. internal obligations we are not.
The minority of seniors who are wealthy also contributed to these programs throughout their working lives, pay higher taxes in retirement to support them — and get proportionately less back in return. Premiums for Medicare Part B already are pegged to income as well.
A means test for their earned benefits would erode the popular support that has sustained these programs and made them so effective in helping older households. Making Social Security more like welfare would surely lead to weaker benefits — and a growing burden on young people to support struggling elders.
social security ALONE in the year two thousand ten ALONE added an ADDITIONAL and EXTRA unfunded obligation of ONE POINT FOUR TRILLION dollars to united states actuarials
I added the ability to see for yourself. What more would anyone want? "They can easily pay...therefore they should." Marxist.Kinda looks like prof goggle now has an apprentice. Anything you would like to add?:2wave:
It is like monopoly money. There is nothing behind it. There no longer is any there, there. We are become Greece.Fact one= Social Security has a $2.6-trillion surplus that is projected to grow to more than $4 trillion in 2023.
Fact two= Social Security invests its surpluses, as it should, in U.S Treasury bonds, the safest interest-bearing securities in the world. The same paper that we sell to China, Japan and other wealthy investors.
We are become Greece.
It is like monopoly money. There is nothing behind it. There no longer is any there, there. We are become Greece.
Fact one= Social Security has a $2.6-trillion surplus that is projected to grow to more than $4 trillion in 2023.
Fact two= Social Security invests its surpluses, as it should, in U.S Treasury bonds, the safest interest-bearing securities in the world. The same paper that we sell to China, Japan and other wealthy investors.
Anything you would like to add besides your opinion?:2wave:
No. There is no point. You are deluded. You want to be deluded. It is best for me to just get out of your way and let you destruct on your own.
No. There is no point. You are deluded. You want to be deluded. It is best for me to just get out of your way and let you destruct on your own.
is 'got out of your way' an expression meaning 'run from a debate which i have lost'?
Fact one= Social Security has a $2.6-trillion surplus that is projected to grow to more than $4 trillion in 2023.
Fact two= Social Security invests its surpluses, as it should, in U.S Treasury bonds, the safest interest-bearing securities in the world. The same paper that we sell to China, Japan and other wealthy investors
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?