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Old 10-23-2010, 12:25 AM
 
Location: Great State of Texas
86,052 posts, read 84,125,061 times
Reputation: 27718

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Quote:
Originally Posted by chielgirl View Post
They've been using the "excess" social security to pay general expenses for decades.
This didn't start on 20 Jan 2009.
No, but the article is on deficits which ARE new in the past 25 months.
But you would have seen that in the article.
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Old 10-23-2010, 12:42 AM
 
69,368 posts, read 63,839,164 times
Reputation: 9383
Quote:
Originally Posted by HappyTexan View Post
That's exactly what it is. When there's a surplus they immediately transfer it out and put an IOU in it's place.
which is how clinton got away with telling people he had a surplus.. A complete lie..
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Old 10-23-2010, 01:12 AM
 
8,289 posts, read 13,511,513 times
Reputation: 5018
Please let's not even make this a partisan issue! SS is a pay as you go system which provides the Government with funds to operate on a daily basis. Both parties have misused it! The last politician I heard about putting a "lockbox" on SS was in fact Al Gore!
Some Conservatives want to privatize SS and after the fiasco we just went through they should have their heads examined!
By the way those unwanted Latinos with all of their babies who will enter the workforce will probably sustain SS for the "baby boomers"!
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Old 10-23-2010, 01:23 AM
 
11,944 posts, read 14,727,415 times
Reputation: 2772
Quote:
Originally Posted by chielgirl View Post
They've been using the "excess" social security to pay general expenses for decades.
This didn't start on 20 Jan 2009.
And if it hadn't been raided, it would be solvent.
I think the real point is under no circumstances should any politician be playing around with those funds. It's a public trust and those paying into the system are adamant about not wanting to swap it out for private investment. They want SS as secure & low risk as a bond.
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Old 10-23-2010, 01:25 AM
 
11,944 posts, read 14,727,415 times
Reputation: 2772
Quote:
Originally Posted by MiamiRob View Post
By the way those unwanted Latinos with all of their babies who will enter the workforce will probably sustain SS for the "baby boomers"!
Yes the probably will and I feel that's unjust.
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Old 10-23-2010, 01:27 AM
 
69,368 posts, read 63,839,164 times
Reputation: 9383
Quote:
Originally Posted by MiamiRob View Post
Please let's not even make this a partisan issue! SS is a pay as you go system which provides the Government with funds to operate on a daily basis. Both parties have misused it! The last politician I heard about putting a "lockbox" on SS was in fact Al Gore!
Agreed, but Gore didnt practice what he preached when he was VP and in charge of Congress.
Quote:
Originally Posted by MiamiRob View Post
Some Conservatives want to privatize SS and after the fiasco we just went through they should have their heads examined!
If you think that, then you bought into the left wing lies about the plan. Do you understand that with the privatization of SS, people would be investing GOVERNMENT backed instruments, in the very same way SS now invests? If you think the investment plans by individuals were crazy, you should be screaming because SS invests in the EXACT manner that was proposed. I bet you thought the plan allowed individuals to just invest however they wished.. Yeah, the Democratic lie repeated over and over again..
Quote:
Originally Posted by MiamiRob View Post
By the way those unwanted Latinos with all of their babies who will enter the workforce will probably sustain SS for the "baby boomers"!
Not sure who you are referring to..
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Old 10-23-2010, 03:17 PM
 
Location: Ohio
24,624 posts, read 19,039,113 times
Reputation: 21728
Quote:
Originally Posted by MiamiRob View Post
Please let's not even make this a partisan issue! SS is a pay as you go system which provides the Government with funds to operate on a daily basis.
No, the Social Security Tax is supposed to pay benefits directly with the surplus going into a trust fund.

It was never intended to be used as "income taxes."

Quote:
Originally Posted by MiamiRob View Post
Some Conservatives want to privatize SS and after the fiasco we just went through they should have their heads examined!
Um, privatizing Social Security means you'd be free to put the money under your mattress or in an interest bearing savings account and let it sit, or purchase CDs and keep rolling them over, or um, buy gold and silver as you see fit.

Quote:
Originally Posted by MiamiRob View Post
By the way those unwanted Latinos with all of their babies who will enter the workforce will probably sustain SS for the "baby boomers"!
You need to read the annual report published by the Social Security Administration. Illegal immigrants are not going to sustain Social Security any more than legal immigrants would sustain it.
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Old 10-23-2010, 03:59 PM
 
Location: Southcentral Kansas
44,882 posts, read 33,129,444 times
Reputation: 4269
Quote:
Originally Posted by MiamiRob View Post
Please let's not even make this a partisan issue! SS is a pay as you go system which provides the Government with funds to operate on a daily basis. Both parties have misused it! The last politician I heard about putting a "lockbox" on SS was in fact Al Gore!
Some Conservatives want to privatize SS and after the fiasco we just went through they should have their heads examined!
By the way those unwanted Latinos with all of their babies who will enter the workforce will probably sustain SS for the "baby boomers"!
Lets see, Rob. The Congress started spending the "surplus" each year about 1952 and have been doing it since. Democrats controlled that Congress or over 40 years since then so I guess they may have been a bit more spendthrift with SS money.

I have ranted and raved about what really broke the SS system for over a year and a half on this forum and for many more years than that on various ones for years. Somehow people just can't see how bad the Congress has screwed us over those years, but they now owe somewhere between $3 trillion and $4 trillion to the people of this nation for their raids on the "surplus" SS money.

It is very true that the amount of the raids and the "surplus" of the Clinton administration were very similar numbers. In other words the Clinton surpluses were because that money was stolen from the people who paid into SS. Nope, Clinton wasn't so bad but making the surplus claim has been nothing but an outlandish partisan lie all along.
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Old 10-23-2010, 05:05 PM
 
Location: Great State of Texas
86,052 posts, read 84,125,061 times
Reputation: 27718
The problem here is that there isn't a surplus every month anymore.
The last 15 out of 25 months SS had a deficit, NOT a surplus..that's 60% deficit vs surplus.

It will only get worse..more enrollees and less payers into the system.
That is the brunt of this post..we are in trouble NOW, not in 20-30 years like they tell us.
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Old 10-23-2010, 08:42 PM
 
Location: Raleigh, NC
20,054 posts, read 18,212,526 times
Reputation: 3826
Quote:
Originally Posted by HappyTexan View Post
The problem here is that there isn't a surplus every month anymore.
The last 15 out of 25 months SS had a deficit, NOT a surplus..that's 60% deficit vs surplus.

It will only get worse..more enrollees and less payers into the system.
That is the brunt of this post..we are in trouble NOW, not in 20-30 years like they tell us.
Yup, not enough new blood for the Ponzi scheme.
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