Butterfly
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If we lose SS and Medicare, I am road kill.
Clinton on track to win....
- Thread starter AZ Jim
- Start date
If we lose SS and Medicare, I am road kill.
Not so sure it will be a Democrat saving SS or a Republican destroying SS. Over many years our government, federal, has dipped into those SS fund to build things like TVA and other major government projects. I have no idea if they ever paid those borrowed funds back. Too much of our government spending has happened during periods of Democrat control so no need to blame the Republicans as being the cause. Republicans may have also spent some of the SS money and they too should have paid back. But have they?
Some folks just think the national sport is attempting to destroy the Republicans. Instead, if we just elected people into the House and Senate by district as our Constitution and laws tell us to do. Maybe the peoples choices would then be more accurate in doing the peoples will, rather than just some political parties will. Which leads to many of our voters not knowing what or why they are voting one way or the other. They just blindly vote for their parties wishes.
Some folks just think the national sport is attempting to destroy the Republicans. Instead, if we just elected people into the House and Senate by district as our Constitution and laws tell us to do. Maybe the peoples choices would then be more accurate in doing the peoples will, rather than just some political parties will. Which leads to many of our voters not knowing what or why they are voting one way or the other. They just blindly vote for their parties wishes.
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
Bob, Go find out which party over the years has made the bills that would negatively affect our Social Security program. Show me where any Democrat presented any such bill. The latest major threats were Bush's attempted raid to pile money into his on Wall St. buddies and Paul Ryan's attempt at a Medicare voucher plan. It has been Republicans who have whittled away at that programs. As to using SS funds, yes they all do it, I agree.
Well, for your attempt to avoid doing the digging, I say not me. You attempt to move the blame onto Republicans but have no proof of that either. What ifs and maybe's don't count. I mentioned one big government operation that might have been guilty. Look that up yourself to prove me wrong.
SS has been a good place for feds to get money for projects. What I don't know is if they have ever paid it back or just allowed to fade into the distance.
SS has been a good place for feds to get money for projects. What I don't know is if they have ever paid it back or just allowed to fade into the distance.
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
No response regarding Bush or Ryans efforts to gut both programs? Just that alone such make you think. You depend on those programs personally, how can you support those who would destroy them?
Something that many do not know about. Too bad it is true, and has been for years.
http://www.fedsmith.com/2013/05/23/government-owes-2-7-trillion-to-social-security/
The government has embezzled all surplus Social Security revenue, generated by the 1983 payroll tax hike, and spent the money on wars and other government programs. None of the money was saved or invested in anything.
Social Security is not broken, but at the moment, it is broke. The cost of paying full benefits in 2010 was $49 billion more than Social Security tax revenue for the year. So the government had to borrow $49 billion (probably from China) in order to pay full benefits. And the gap between the cost of benefits and Social Security tax revenue will get bigger and bigger in the years ahead.
The only reason the government has been able to keep the public from finding out about “the great Social Security theft,” for all these years, is because the AARP and the National Committee to Preserve Social Security and Medicare (NCPSSM) have cooperated with the Social Security Administration in their official talking points about Social Security. The AARP has the following statement posted on its website: —“Social Security will be able to pay 100 percent of benefits for the next 20 years.” The NCPSSM has this statement on its website: “Social Security is projected to deliver full guaranteed benefits until at least 2033.”
But these statements are not even close to being true, and the leadership of these organizations know that they are deliberately misleading their members, and the public, with these false statements. Social Security doesn’t even have enough money to pay this year’s benefits without borrowing.
The government IOUs in the trust fund are not like the marketable U.S. Treasury bonds held by China and America’s other creditors. Those marketable bonds can be converted into cash at any time by selling them in the open market. The IOUs in the trust fund are like a handwritten note that a bank robber might leave behind in the empty vault, stating how much money he has stolen. The note tells the bank how much money is missing, but it won’t help the bank get the money back. Similarly, the IOUs in the trust fund are a record of how much Social Security money was taken and spent on other programs. But the IOUs are not marketable, and they cannot be converted into cash. And the interest income, that the SSA claims the government is paying, is not cash interest. It is in the form of more of the same worthless IOUs that the trust fund already holds.
The harsh fact is that Social Security does not have any cash reserves. That is why President Obama said that he couldn’t guarantee that Social Security checks would go out on time without a budget agreement, because “There might not be enough money in the coffers to cover them.” The government owes Social Security $2.7 trillion, but the government is both unable and unwilling to repay the stolen money, at least in the short run.
The good news is that the Social Security System is not broken. It works well and has done so for the past 78 years. The problem is that the United States federal government is badly broken, and no “fix” is upon the horizon. The only problem is that, Social Security does not have enough revenue to pay full benefits, and the government has stolen the cash reserves it is supposed to have in the trust fund. If the government would enact legislation requiring the repayment of the stolen money, perhaps in installments over the next 30 years, Social Security’s short-term problems would be fixed.
Forget about that old propaganda statement the enemies of Social Security have been repeating, over and over, since Social Security was first created. It goes like this: Social Security, in its present form, is unsustainable over the long run. That is just a big lie that the enemies use as a weapon in their war against Social Security. There is nothing basically wrong with the Social Security System, and it would not even be in the news today if crooked politicians hadn’t stolen $2.7 trillion of its money.
Ironwood Publications has just released Allen’s explosive new book, The Impending Social Security Crisis: The Government’s Big Dirty Secret.
http://www.fedsmith.com/2013/05/23/government-owes-2-7-trillion-to-social-security/
The government has embezzled all surplus Social Security revenue, generated by the 1983 payroll tax hike, and spent the money on wars and other government programs. None of the money was saved or invested in anything.
Social Security is not broken, but at the moment, it is broke. The cost of paying full benefits in 2010 was $49 billion more than Social Security tax revenue for the year. So the government had to borrow $49 billion (probably from China) in order to pay full benefits. And the gap between the cost of benefits and Social Security tax revenue will get bigger and bigger in the years ahead.
The only reason the government has been able to keep the public from finding out about “the great Social Security theft,” for all these years, is because the AARP and the National Committee to Preserve Social Security and Medicare (NCPSSM) have cooperated with the Social Security Administration in their official talking points about Social Security. The AARP has the following statement posted on its website: —“Social Security will be able to pay 100 percent of benefits for the next 20 years.” The NCPSSM has this statement on its website: “Social Security is projected to deliver full guaranteed benefits until at least 2033.”
But these statements are not even close to being true, and the leadership of these organizations know that they are deliberately misleading their members, and the public, with these false statements. Social Security doesn’t even have enough money to pay this year’s benefits without borrowing.
The government IOUs in the trust fund are not like the marketable U.S. Treasury bonds held by China and America’s other creditors. Those marketable bonds can be converted into cash at any time by selling them in the open market. The IOUs in the trust fund are like a handwritten note that a bank robber might leave behind in the empty vault, stating how much money he has stolen. The note tells the bank how much money is missing, but it won’t help the bank get the money back. Similarly, the IOUs in the trust fund are a record of how much Social Security money was taken and spent on other programs. But the IOUs are not marketable, and they cannot be converted into cash. And the interest income, that the SSA claims the government is paying, is not cash interest. It is in the form of more of the same worthless IOUs that the trust fund already holds.
The harsh fact is that Social Security does not have any cash reserves. That is why President Obama said that he couldn’t guarantee that Social Security checks would go out on time without a budget agreement, because “There might not be enough money in the coffers to cover them.” The government owes Social Security $2.7 trillion, but the government is both unable and unwilling to repay the stolen money, at least in the short run.
The good news is that the Social Security System is not broken. It works well and has done so for the past 78 years. The problem is that the United States federal government is badly broken, and no “fix” is upon the horizon. The only problem is that, Social Security does not have enough revenue to pay full benefits, and the government has stolen the cash reserves it is supposed to have in the trust fund. If the government would enact legislation requiring the repayment of the stolen money, perhaps in installments over the next 30 years, Social Security’s short-term problems would be fixed.
Forget about that old propaganda statement the enemies of Social Security have been repeating, over and over, since Social Security was first created. It goes like this: Social Security, in its present form, is unsustainable over the long run. That is just a big lie that the enemies use as a weapon in their war against Social Security. There is nothing basically wrong with the Social Security System, and it would not even be in the news today if crooked politicians hadn’t stolen $2.7 trillion of its money.
Ironwood Publications has just released Allen’s explosive new book, The Impending Social Security Crisis: The Government’s Big Dirty Secret.
© 2015 Allen W. Smith. This article may not be reproduced without express written consent from Allen W. Smith.
As I remember the Bush idea was a choice, not a program make over. I posted this earlier but you apparently don't read all posts.
Just what was Ryan's efforts anyway. Apparently did not get through the Congress or maybe even the committee. That is not as scary as the Pelosi comment after she got Obama care passed. We have to wait to see what it is---more or less. What a deal that was. Pass a bill and not know what was in it and expect all to be happy. Look to both sides of our congress. Some real jerks on both sides. Which is why I think we should do away with the parties and just go back to the way the Congress was supposed to work. Representing your state or people and forget all this distorting that the political parties are putting in to our leadership and law making.
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
Bob, no offense but rather than beat this poor dead horse I will just let it go. I hope you never have to live with the sad prospects if Republicans regain the whitehouse and still have control of the Senate.
AZ Jim
R.I.P. With Us In Spirit Only
- Location
- SURPRISE, ARIZONA
The answer is NO. Did you expect them to?
Was not expecting an answer from you. More of a rhetorical question as I was signing off the topic. And yes, I would expect them to pay back, but they are most all professional political folks. No need for honesty or fairness in their careers apparently.