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No. SS was designed as a pay-go system that faced a structural demographic decoupling in terms of future liabilities. Hence, the reforms that built persistent surpasses.
Surplus = (revenue-expenditure) > 0
No amount of redefining terminology diminishes this fact.
LOL, constant supply that is dwindling. You really have no idea, do you? Sad, SS was never intended to be paid out when it was established as the retirement age was higher than the life expectancy age. Your money has been spent on someone else, and someone else's money is going to be spent on you. That never was the intent nor is it something that you apparently understand. Light bulb go off yet?
Anyone that would listen to an investment banker that cheerleaded the use of insurance dollars for purchasing MBS's....is beyond me.
When any insurance pays money to its benefactors, it comes from current premiums paid. Light bulb go off yet?
Which means that Reagan did the same thing.All Presidents have used SS funds on budget as created by LBJ in the 60's as part of the unified budget.
Reagan's % increase is greater and his recession spending was greater while his recession was smallerReagan was responsible for 1.7 trillion dollars in debt whereas Obama is responsible for over 6.2 trillion in less than 5 years.
Absolutely falseSS is bankrupt,
So the answer is as usual you refuse to answer so let me help you. You were coerced into putting money into SS and yes it is a future obligation owed to you that has been spent. Paying more in that going out doesn't change the fact that SS is a future obligation in the amount you contributed with maybe the hope of a little return. Light bulb go off yet?
Which means that Reagan did the same thing.
Reagan's % increase is greater and his recession spending was greater while his recession was smaller
Absolutely false
Which means that Reagan did the same thing.
Reagan's % increase is greater and his recession spending was greater while his recession was smaller
Absolutely false
Future liability is not a deficit, no matter how much you wish it were.
Conservative believes the majority of Americans are as mathematically illiterate as him.
Among the many errors, the biggest one is the idea that my contribution "is a future obligation to the Federal govt". You can't express this correctly and I think it is still your greatest misconception....or is it a problem of sentence formation...I just don't know.How anyone can continue to support the liberal ideology is beyond me. What is it about liberalism that creates this kind of loyalty? What exactly in the article is wrong? Your were forced to contribute to SS, your contribution is a future obligation to the Federal govt. thus an expense. Your contribution has been spent on something else and eventually has to be funded. Where does the money come from? Light bulb go off yet or are you too immature to admit you are wrong??
Among the many errors, the biggest one is the idea that my contribution "is a future obligation to the Federal govt". You can't express this correctly and I think it is still your greatest misconception....or is it a problem of sentence formation...I just don't know.
No, sorry, I never have been a liberal. Let me know if the country pays debt service on the percentage change in debt or the actual dollars of debt?
Should I give you a club and mammoth pelt to go with your understanding of contemporary finance?
This is the typical conservative math where gross and aggregate is used and inflation and percentages are ignored. Where self induced recessions are compared to financial collapses and we are told the former is worse. Where SS is called ponzi to justify those dollars used in rigged markets to line the pockets of investment bankers.When we pay debt service on the percentage change then I will be concerned about it. somehow a 1.7 trillion dollar debt is worse than a 6.2 trillion dollar debt in the liberal world. New liberal math?
I think we have proof AM radio signals kill brain cells!
This is the typical conservative math where gross and aggregate is used and inflation and percentages are ignored. Where self induced recessions are compared to financial collapses and we are told the former is worse. Where SS is called ponzi to justify those dollars used in rigged markets to line the pockets of investment bankers.
That is the conservative way.
My contribution is used to pay CURRENT retirees, a small part is used for "future obligations". You just keep tripping over yourself with your inaccurate descriptionsReally? So who is obligated to pay you your SS benefits if not the Govt? Do you understand the term liability? The govt owes you the money thus it is a future obligation. You simply cannot admit that you are wrong. Doubt that light bulb will ever go off.
So your contribution is to charity and not SS?
My contribution is used to pay CURRENT retirees, a small part is used for "future obligations". You just keep tripping over yourself with your inaccurate descriptions
PPS....Con, it is another investment banker trying to get a bigger pool of money to lose while he walks away with a percent.Seems that maybe the words need to be in a bigger font for you to read
Never said it was a deficit but did say it wasn't a surplus
it is a future liability that has to be funded.
Taking the money now an spending it doesn't change that liability and has to be funded somehow. Where is the money going to come from in a declining labor force?
Jesus, I have already explained it to you, and yet you think that a scammers article is going to persuade me.of course it is so tell me how that is different from a Ponzi Scheme. Let this help you
Surplus has been defined mathematically.
SS is a future liability. The surplus funds are exactly that, surplus funds.
Future tax revenues will fund S.S. Clinton still balanced the budget whether you like it or not.
This is why you need to get out. You are not beating anything and you are driving yourself crazy.After the loss of my wife I don't listen to talk radio any more, sitting here watching ESPN and beating the crap out of you and other liberals. You see, logic and common aren't in the liberal vocabulary nor is a basic understanding of where your SS money goes.
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