SOTU Address

#651
#651
K-town Vol Fan said:
"It will be my objective to phase out social security" straight from his mouth.
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It will phase out on its own. The program is still owed money from IOUs that may or may not be paid and the OASI Trust Fund is projected to be depleted by 2035. The pound of flesh the govt will extract from everyone, only to act like they’re “saving” Social Security will be even more brutal as these feckless swine in DC kick the can down the road.

Summary: Actuarial Status of the Social Security Trust Funds
 
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#652
#652
clarksvol00 said:
If i remember correctly, the president of the United States at the time called for the firing of players who refused to salute a flag or partake in certain rituals.
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You do remember correctly. I also remember no one with the power to do so took him seriously. Trump was fortunately ignored on his more ridiculous pronouncements
 
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#653
#653
hog88 said:
But how is the question. SS should be phased out so we need context to his comment before he can be called a liar.
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The other half of the equation is that the people who want to phase it out want to replace it with something else. The Libs are ignoring that. It’s not like even the most extreme voices on the right are calling for there to no longer be any government provided/overseen retirement program. Intellectually dishonest IMHO
 
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#654
#654
OrangeTsar said:
The other half of the equation is that the people who want to phase it out want to replace it with something else. The Libs are ignoring that. It’s not like even the most extreme voices on the right are calling for there to no longer be any government provided/overseen retirement program. Intellectually dishonest IMHO
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If they were intellectually honest they wouldn't be liberal.
 
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#655
#655
Vol737 said:
It will phase out on its own. The program is still owed money from IOUs that may or may not be paid and the OASI Trust Fund is projected to be depleted by 2035. The pound of flesh the govt will extract from everyone, only to act like they’re “saving” Social Security will be even more brutal as these feckless swine in DC kick the can down the road.

Summary: Actuarial Status of the Social Security Trust Funds
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It interests me that the taxes are only taken out of the lower incomes to fund SS, but once you cross a certain threshold it stops. Why is that?
 
#656
#656
VolStrom said:
It interests me that the taxes are only taken out of the lower incomes to fund SS, but once you cross a certain threshold it stops. Why is that?
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I believe there is a max on payout. If the most you can get from SS is X no matter how much money you paid in why would it be fair to keep charging after a certain point?

I could be wrong.
 
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#657
#657
hog88 said:
I believe there is a max on payout. If the most you can get from SS is X no matter how much money you paid in why would it be fair to keep charging after a certain point?

I could be wrong.
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You're probably right, but if they need to increase funding or cut SS, which one would you vote for? Hint, it's a trick question.
 
#658
#658
One would think that SS inheritance would be the correct thing. If you exceed your contribution you get no more. Just a lock box.
 
#661
#661
VolStrom said:
You're probably right, but if they need to increase funding or cut SS, which one would you vote for? Hint, it's a trick question.
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I would probably vote to cut it. Your old ass don't need the money........
 
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#662
#662
Nobody wants to watch Slo Jo and his Cackling Ho!

President Joe Biden’s State of the Union (SOTU) address drew an underwhelming response from television viewers, with figures released Wednesday showing the second smallest audience in at least 30 years took the time to watch. AP reports the only smaller audience since 1993 was the 26.9 million who watched Biden’s address to Congress in 2021 — not officially a State of the Union speech, since he had just taken office a few months earlier.
 
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#664
#664
TNVOLNAVY said:
Nobody wants to watch Slo Jo and his Cackling Ho!

President Joe Biden’s State of the Union (SOTU) address drew an underwhelming response from television viewers, with figures released Wednesday showing the second smallest audience in at least 30 years took the time to watch. AP reports the only smaller audience since 1993 was the 26.9 million who watched Biden’s address to Congress in 2021 — not officially a State of the Union speech, since he had just taken office a few months earlier.
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Sets another historic record. Dang depressing hearing and watching him. Like an alternative universe with the lies
 
#668
#668
TheDeeble said:
Raise the age and means test eventually. likely
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Save for your future, invest your money wisely and do it, so you get 0% return from the massive amount of money sent to the government. Sounds like the fix they will come up with and make you feel good about by giving some little sliver of the pie to a few people.
 
#670
#670
VolStrom said:
Save for your future, invest your money wisely and do it, so you get 0% return from the massive amount of money sent to the government. Sounds like the fix they will come up with and make you feel good about by giving some little sliver of the pie to a few people.
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It will definitely not make me feel good if it gets to that point. Theft is what it is and they will try to justify it as “ some people don’t need it”.

But I’ve been living a lifestyle and putting money towards retirement so that I will hopefully be just fine if social security isn’t there for me in 20+ years.
 
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#671
#671
Did anyone else notice he called a “handgun” a “assault weapon”?
 
#675
#675
VolStrom said:
It interests me that the taxes are only taken out of the lower incomes to fund SS, but once you cross a certain threshold it stops. Why is that?
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Not sure exactly why and what @hog88 responded with probably has something to do with it. I suspect they will raise that income limit substantially in the years to come as we inch closer to 2035 and raise the age limit to withdraw. No mention of why, but here are the current limits on income:

https://www.ssa.gov/news/press/factsheets/colafacts2022.pdf
 
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