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As soon as people opt out of social security, the program would end.
It relies on everyone paying in, and the population increasing higher then retired population to work. Otherwise its a hand out.
The reason its in trouble now is because the retirement age hasn't risen in proportion to the average life expectancy.
Also because congress added the social security trust fund to the general funds of the government, but thats a different matter all together.
the program SHOULD end, since it is unsustainable. at least the younger people wouldn't keep getting forced to pay into something that they aren't going to be getting anyway.
the reason it is in trouble is because the GOVERNMENT went and spent all the money it took in, and doesn't show any signs of slowing down in the spending department-with a massive 1.5 TRILLION dollar deficit this year.
i don't know where we get these people who think that the government printing and spending its own money can last indefinitely.
you cannot fix a debt problem with more debt-it has never happened in history.
this party is winding down, no matter what happens with the debt ceiling.
Let me understand.... The OP is upset the Repubs are cutting the budget?
These are the same rebups that under Regan took us from a deficit of about $979B and tripled that to $3T... Then under Clinton a surplus was created and spending under control... Clinton was the Democrat remember... Then under Bush the last Repub... the surplus was squandered in 1 year and our deficit went to 10.5T . Then he passed the wall street bailout before leaving office which pointed us towards another T of the debt, and the war which countered for another T
So you have a party that has done nothing but spend and squander and you think they will be the ones to cut and save? Ummm history just keeps handing you a different outcome and you act surprised..... Can we say dumba$$
Now you have the Repugs about to default the US which will be felt in your credit availability, the amount of interest charged on student loans, credit cards, homes, and cars. So the economy is about to come to a trainwreck halt. and I bet you will blame it on the democrats.... you know those that proposed a 3T in cuts and 1T in expiring tax breaks on those over 250k... and the repubs only wanted 2t in cuts...
the selective vision among repubs is amazing. I think the term is cognitive dissonance... good lluck with that "we are gonna cut and savey" thing...
The OP is upset that the Republican party will honor the debt accrued under every President since Roosevelt.
If they don't like the deficit, thats fine, tell congress to pass a balanced budget. But they should learn that the debt ceiling is separate from the budget.
A unbalanced budget causes the need for a debt ceiling raise. A debt ceiling raise does not cause a unbalanced budget.
the program SHOULD end, since it is unsustainable. at least the younger people wouldn't keep getting forced to pay into something that they aren't going to be getting anyway.
the reason it is in trouble is because the GOVERNMENT went and spent all the money it took in, and doesn't show any signs of slowing down in the spending department-with a massive 1.5 TRILLION dollar deficit this year.
i don't know where we get these people who think that the government printing and spending its own money can last indefinitely.
you cannot fix a debt problem with more debt-it has never happened in history.
this party is winding down, no matter what happens with the debt ceiling.
It is sustainable, thats where you are wrong. What makes it unsustainable is not raising the retirement age when people are living longer.
And Americans know this, thats why they support the program by over 70%.
The OP is upset that the Republican party will honor the debt accrued under every President since Roosevelt.
If they don't like the deficit, thats fine, tell congress to pass a balanced budget. But they should learn that the debt ceiling is separate from the budget.
A unbalanced budget causes the need for a debt ceiling raise. A debt ceiling raise does not cause a unbalanced budget.
of course it does!
i posted this before because it truly is mind boggling for anyone who hasn't seen it yet:
In total, the government sends out nearly 212 million checks or electronic payments on a monthly basis. The top five categories are: Medicare claims, Social Security payments to older Americans and the disabled, food stamps and payments to active and retired military personnel.
212 MILLION CHECKS A MONTH.
that is where we are now. furthermore, we as a nation are already obligated by law to pay increased taxes of $438 billion over the next 10 years, primarily as a result of obamacare.
every dollar that we remove from the private sector and turn over to the government will be used less efficiently than it could have been.
It is sustainable, thats where you are wrong. What makes it unsustainable is not raising the retirement age when people are living longer.
And Americans know this, thats why they support the program by over 70%.
What also makes it unsustainable is that Social Security taxes only apply to about the first $106,000 of income. Boost that up to $250,000 or $500,000 of income and it changes the picture entirely.
What also makes it unsustainable is that Social Security taxes only apply to about the first $106,000 of income. Boost that up to $250,000 or $500,000 of income and it changes the picture entirely.
what makes it unsustainable is that the government gets its grubby little hands on the money first before any senior does....
again, if obama tries to stop the social security payments he could be impeached.
What also makes it unsustainable is that Social Security taxes only apply to about the first $106,000 of income. Boost that up to $250,000 or $500,000 of income and it changes the picture entirely.
But the maximum amount of payment is capped also.
It would be unfair to raise the tax limit for social security without increasing the maximum payout.
i posted this before because it truly is mind boggling for anyone who hasn't seen it yet:
In total, the government sends out nearly 212 million checks or electronic payments on a monthly basis. The top five categories are: Medicare claims, Social Security payments to older Americans and the disabled, food stamps and payments to active and retired military personnel.
212 MILLION CHECKS A MONTH.
that is where we are now. furthermore, we as a nation are already obligated by law to pay increased taxes of $438 billion over the next 10 years, primarily as a result of obamacare.
every dollar that we remove from the private sector and turn over to the government will be used less efficiently than it could have been.
And all of those people paid into the social security trust fund. So they are just getting back the money they paid in.
The government is supposed to hold that money, and use the interest to pay retirees. Thats how it works. When they use that money to pay for other crap, like wars, then we get in trouble.
Let me understand.... The OP is upset the Repubs are cutting the budget?
No. I am upset that they are NOT cutting the budget. They are only proposing the POSIBILITY of MAYBE cutting SOME of the FUTURE INCREASE in spending. So in other words, we will spend more, just not AS much more. BOTH sides are proposing the same thing, one ending prior to the next election and one after.
These are the same rebups that under Regan took us from a deficit of about $979B and tripled that to $3T... Then under Clinton a surplus was created and spending under control... Clinton was the Democrat remember... Then under Bush the last Repub... the surplus was squandered in 1 year and our deficit went to 10.5T . Then he passed the wall street bailout before leaving office which pointed us towards another T of the debt, and the war which countered for another T
Omitting some of the facts does not make the statement 100% correct. Clinton only balanced the budget once Republicans took control of congress. Congress sets the budget.
There was also a huge revenue inflow from the dot.com situation, before it burst.
The biggest Bush deficits came once democrats took over congress. Again, congress sets the budget. Bush was not innocent by any stretch of the imagination.
So let's put ALL the facts on the table, not just some. K?
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BOTH sides are proposing the same thing, one ending prior to the next election and one after.
