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Old 10-22-2010, 06:42 PM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720

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Well there's a $41 billion deficit projected for SS this year.
Higher enrollment and less revenue coming in due to high unemployment.

Someone will have to address this when it comes time for an SS bailout.
$8 billion deficit in August..latest figures published.

In 15 of Last 25 Months, Treasury Needed to Borrow Money to Pay Social Security Benefits | CNSnews.com

 
Old 10-22-2010, 07:05 PM
 
29,981 posts, read 42,934,013 times
Reputation: 12828
Quote:
Originally Posted by Kibby View Post
...............
Watch what they DO, not what they SAY.
And the Democrats did raid Medicare by half a billion dollars to help fund Obamacare. Meawhile they try to make seniors trust the government by peddling Andy Griffith Medicare ads.

Theives and manupulators preying upon the elderly.
 
Old 10-22-2010, 07:11 PM
 
29,981 posts, read 42,934,013 times
Reputation: 12828
Quote:
Originally Posted by Occam's Razor View Post
The French would take to the streets to protect their own self interest while Americans meekly line up against the wall and do nothing. What a sad and weak people Americans are.
So people who do not throw tantrums like overindulged children while causing damage to public and private property are sad and weak? My you do have a skewed vision of right and wrong.
 
Old 10-22-2010, 07:23 PM
 
30,065 posts, read 18,665,937 times
Reputation: 20882
Quote:
Originally Posted by freefall View Post
A high-profile Republican budget plan would slash Social Security benefits in the long-run -- perhaps even by up to half of what they are now, the program's actuary concluded in a new study.

The Chief Actuary of Social Security analyzed a proposal from Rep. Paul Ryan (R-WI), the GOP's ranking member on the budget committee, who could become its chairman in January, and found that new entrants in the US workforce could see massive decreases in their payouts upon retirement.

GOP plan dramatically reduces Social Security benefits, actuary finds | Raw Story

Gosh! The democrats also said that alien spacecraft from planet Zorgon, at the direct command of the republican nation committee, are going to come to earth and eat everyone over age 65 in exchange for a new ray gun.
 
Old 10-22-2010, 07:35 PM
 
Location: Prepperland
19,025 posts, read 14,205,095 times
Reputation: 16747
Socialist InSecurity was never insurance for the people.
Go read the law.

Write a polite letter to your representative asking the following questions:
[] Do I have a property right to entitlements?
[] Is Congress obligated to pay entitlements?

The last time I wrote, the Congressional Research Service answered with :
(a) There are no property rights to entitlements (they're not "yours");
(b) Entitlements are entirely at the discretion of Congress.

In fact, entitlements are synonymous with "gifts" (aka charity from the public treasury).

Of course, since Good Socialists are not informed of the consequences of pauperization, such information does not jar the sensibilities of most readers.

If Congress was honest, you might have been told that participation in SocSec was 100% voluntary - and a scam. It was a tontine scheme to get the masses to underwrite the bankruptcy of the U.S. government (1933), and thus make the American people into "human resources" pledged as collateral. It was never "insurance" for the people. It was just a means to get consent to bypass the constitutional limitations on taxation.

So, no, there was no "Trust Fund" because there haven't been "dollars" in circulation since 1933. See Title 12 USC Sec. 411. A "dollar bill" is an IOU, that was repudiated in 1933. Since it is worthless, a "Trust fund" filled with worthless IOUs is worthless. (Recipients are obligated to pay their own "benefits".)

What is of value, are the millions and millions of enumerated volunteers who are sureties on the public debt. So when the creditor forecloses on Congress - YOU ARE [expletive deleted]!
 
Old 10-22-2010, 07:56 PM
 
Location: Wisconsin
37,971 posts, read 22,151,621 times
Reputation: 13801
Quote:
Originally Posted by evilnewbie View Post
WTH??? Are liberals stupid? They blog does NOT even discuss what the "plan" is... a bunch of opinions and NO facts... typical liberal blog and typical stupid post... I guess liberals have to find a way to deceive people... even if it means outright lying...
The CBO said otherwise when they reviewed Ryan's plan.

http://www.cbo.gov/ftpdocs/108xx/doc...map-Letter.pdf
 
Old 10-25-2010, 01:46 PM
 
2,541 posts, read 2,738,618 times
Reputation: 492
Quote:
Originally Posted by Wapasha View Post
The CBO said otherwise when they reviewed Ryan's plan.

http://www.cbo.gov/ftpdocs/108xx/doc...map-Letter.pdf
Yeah... their 'roadmap' is pretty straightforward as to whom it benefits - namely not most of us.
 
Old 10-25-2010, 01:49 PM
 
Location: Sierra Vista, AZ
17,531 posts, read 24,698,072 times
Reputation: 9980
Why is it that discussions of Social Security never include removing the cap from the wage tax. Is it too much to allow the rich to pay in like the rest of us?
 
Old 10-26-2010, 01:26 PM
 
2,541 posts, read 2,738,618 times
Reputation: 492
Quote:
Originally Posted by Boompa View Post
Why is it that discussions of Social Security never include removing the cap from the wage tax. Is it too much to allow the rich to pay in like the rest of us?
I approve this message.
 
Old 10-26-2010, 01:32 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by Boompa View Post
Why is it that discussions of Social Security never include removing the cap from the wage tax. Is it too much to allow the rich to pay in like the rest of us?
because the "rich" doesnt collect like the rest of us..
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