Meanwhile, back at the ranch, Trump makes a mistake that may reverberate

#76
#76
Vol Main said:
SS was created in 1935, after the 1929 stock market crash and wave of bank failures wiped out so much of peoples' life savings. It is an insurance policy based on the the taxing power of the U.S. government. U.S. Bonds are rated the most secure investment, although some folks add gold to their portfolio, Treasury Bonds top rated as the lowest risk, hence their low premium.
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yes, and? It is not treated as an insurance policy by the vast majority of entitled Americans. It is perfect for you leftists to continue your exertion of power over the great unwashed. They are de[endent on you to keep that money coming. You have convinced people that SSN is a retirement vehicle and they treat it as such. So they don't save for their own retirements. The numbers bear that out. 21% of Americans have ZERO saved for retirement. But SSN will take care of them, right? Insurance. When it is bankrupt and the resulting depression that accompanies it is over, this country will be far better off. Until then, you will keep the Ponzi going, and the next step will be to means test those that have paid in the most and that have actually saved for their retirement. Next you go after 401ks.

You didn't build that.

You don't need that much money
 
#77
#77
Septic said:
You're wrong.

Yes, Social Security Does Indeed Add To The Federal Deficit

"In fiscal 2018, expenditures exceeded revenue (including interest on investments) for the first time since 1982. Social Security took in $912 billion in fiscal 2018 and spent $991 billion. The difference - $79 billion - came from repayment of interest on those Treasury notes. Some conservative policy analysts point to that payment as evidence that Social Security is a cause of deficits, since the $79 billion payment came from general revenue. "
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Repayment of the principal also comes from general revenue. The reality remains. SS holds a massive amount of government debt in the form of Treasury Bonds. The government owes the SS money. Government payments from the general to SS is to repay money it borrowed from SS. If you loan me money and I pay you back, did you cause a problem I had to pay you back? No. Blaming SS for the national debt is a false argument.
 
#78
#78
Vol Main said:
SS was created in 1935, after the 1929 stock market crash and wave of bank failures wiped out so much of peoples' life savings. It is an insurance policy based on the the taxing power of the U.S. government. U.S. Bonds are rated the most secure investment, although some folks add gold to their portfolio, Treasury Bonds top rated as the lowest risk, hence their low premium.
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What does any of that have to do with paying current SS benefits with current SS withholdings?

There’s a helluva lot of baby boomers that are going to get a helluva lot more benefits than the current work force withholdings is able to cover.

It’s totally unsustainable. I expect to receive ZERO benefits from SS by the time I’m retirement age.
 
#79
#79
SpaceCoastVol said:
yes, and? It is not treated as an insurance policy by the vast majority of entitled Americans. It is perfect for you leftists to continue your exertion of power over the great unwashed. They are de[endent on you to keep that money coming. You have convinced people that SSN is a retirement vehicle and they treat it as such. So they don't save for their own retirements. The numbers bear that out. 21% of Americans have ZERO saved for retirement. But SSN will take care of them, right? Insurance. When it is bankrupt and the resulting depression that accompanies it is over, this country will be far better off. Until then, you will keep the Ponzi going, and the next step will be to means test those that have paid in the most and that have actually saved for their retirement. Next you go after 401ks.

You didn't build that.

You don't need that much money
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So you believe the crazy as hell idea that the country will be better off after a massive depression devastates hundreds of millions Americans. You think destroying the country will make it great again.
 
#80
#80
Vol Main said:
So you believe the crazy as hell idea that the country will be better off after a massive depression devastates hundreds of millions Americans. You think destroying the country will make it great again.
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Yeah Genius. That is exactly what I said.
 
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#81
#81
ajvol01 said:
What does any of that have to do with paying current SS benefits with current SS withholdings?

There’s a helluva lot of baby boomers that are going to get a helluva lot more benefits than the current work force withholdings is able to cover.

It’s totally unsustainable. I expect to receive ZERO benefits from SS by the time I’m retirement age.
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The lines might cross at some point, but boomers paid for a national fortune in savings bonds held by FICA. It can run in the red for years before those savings are used out, and then most of us will be dead. But if you Republicans think you are going to steal that money and try to do it, you will lose.
 
#82
#82
ajvol01 said:
What does any of that have to do with paying current SS benefits with current SS withholdings?

There’s a helluva lot of baby boomers that are going to get a helluva lot more benefits than the current work force withholdings is able to cover.

It’s totally unsustainable. I expect to receive ZERO benefits from SS by the time I’m retirement age.
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SS would be easy to fix if we had any law makers with some balls. One easy way would be to just increase the limit on the amount earned that is subject to SS taxes. Another way would be by including capital gains income as subject to SS taxes if someone didn't earn an income. Anyway you look at it the elected idiots are going to kick the can down the road as long as they can and create an artificial crisis that will have the beneficiaries of SS up in arms before they do something.
 
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#84
#84
VolStrom said:
SS would be easy to fix if we had any law makers with some balls. One easy way would be to just increase the limit on the amount earned that is subject to SS taxes. Another way would be by including capital gains income as subject to SS taxes if someone didn't earn an income. Anyway you look at it the elected idiots are going to kick the can down the road as long as they can and create an artificial crisis that will have the beneficiaries of SS up in arms before they do something.
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Take even MORE from me that I will never see? No thanks.
 
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#89
#89
Vol Main said:
The lines might cross at some point, but boomers paid for a national fortune in savings bonds held by FICA. It can run in the red for years before those savings are used out, and then most of us will be dead. But if you Republicans think you are going to steal that money and try to do it, you will lose.
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Wtf are you babbling about?
 
#91
#91
One thing fuels Space coast guys post, unmanaged resentments morphed into hate. He claims that the only way to save America is to destroy America. He shows no concern for the massive suffering and death he advocates. We faced his scenario in the 1930s. It presented three options: communist dictatorship, fascist dictatorship, or reforms which salvaged our democratic republic and way of life.

Trump's popularity derives largely from his positive resonance with resentments and hatreds. Life is full of choices and I think spacecoast guys choices for dictatorship are a betrayal of all our sacrifices and achievements. They certainly betray our Constitution and way of life, for what? For dictatorship.
 
#92
#92
Vol Main said:
One thing fuels Space coast guys post, unmanaged resentments morphed into hate. He claims that the only way to save America is to destroy America. He shows no concern for the massive suffering and death he advocates. We faced his scenario in the 1930s. It presented three options: communist dictatorship, fascist dictatorship, or reforms which salvaged our democratic republic and way of life.

Trump's popularity derives largely from his positive resonance with resentments and hatreds. Life is full of choices and I think spacecoast guys choices for dictatorship are a betrayal of all our sacrifices and achievements. They certainly betray our Constitution and way of life, for what? For dictatorship.
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We came damn close to having a dictatorship after the great depression but FDR died.
 
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#94
#94
Vol Main said:
One thing fuels Space coast guys post, unmanaged resentments morphed into hate. He claims that the only way to save America is to destroy America. He shows no concern for the massive suffering and death he advocates. We faced his scenario in the 1930s. It presented three options: communist dictatorship, fascist dictatorship, or reforms which salvaged our democratic republic and way of life.

Trump's popularity derives largely from his positive resonance with resentments and hatreds. Life is full of choices and I think spacecoast guys choices for dictatorship are a betrayal of all our sacrifices and achievements. They certainly betray our Constitution and way of life, for what? For dictatorship.
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You’re brainwashed
 
#95
#95
Vol Main said:
Repayment of the principal also comes from general revenue. The reality remains. SS holds a massive amount of government debt in the form of Treasury Bonds. The government owes the SS money. Government payments from the general to SS is to repay money it borrowed from SS. If you loan me money and I pay you back, did you cause a problem I had to pay you back? No. Blaming SS for the national debt is a false argument.
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I just cited where in 2018 the payment on the interest of those treasury bonds for SS came from general tax revenue to the tune of $79 BILLION. An interest payment that wasn't negated by income tax revenue.

No one is blaming SS entirely for the debt, but not recognizing that its adding to the deficit is ignorant. Outside of that, it's a damn ponzi scheme that will never keep up with the aging (living longer) population and inflation.

Edit: lastly, the u.s. government is the last entity on the planet that should be considered competent stewards of retirement funds. These clowns already raided the coffers and left IOU's written on cocktail napkins.
 
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#96
#96
hog88 said:
We came damn close to having a dictatorship after the great depression but FDR died.
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FDR exceeded his authority with some of his programs. But his administration was never a dictatorship. Compare America to the Third Reich, Soviet Union, Mao's China. Those were dictatorships.
 
#97
#97
Vol Main said:
One thing fuels Space coast guys post, unmanaged resentments morphed into hate. He claims that the only way to save America is to destroy America. He shows no concern for the massive suffering and death he advocates. We faced his scenario in the 1930s. It presented three options: communist dictatorship, fascist dictatorship, or reforms which salvaged our democratic republic and way of life.

Trump's popularity derives largely from his positive resonance with resentments and hatreds. Life is full of choices and I think spacecoast guys choices for dictatorship are a betrayal of all our sacrifices and achievements. They certainly betray our Constitution and way of life, for what? For dictatorship.
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The fact you state a dictatorship whilst never possible is comical. You do get that you walking on Mars with a bucket on your head and jumping to Earth and landing on X marks the spot is more probable.......
 
#99
#99
And then to follow with: "Compare America to the Third Reich, Soviet Union, Mao's China. Those were dictatorships."

Interesting.
 
#100
#100
ajvol01 said:
You’re brainwashed
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No, my writing derives from observation, and nearly all of it is original composition. Personally, I do not believe any political philosophy can solve all the problems and needs of our society. I think every problem should be approached without some philosophical model dictating or constraining our thinking, to come up with the best ways of doing things. That is pretty much the opposite of brain washed.
 
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