Moonglow
Diamond Member
republicans want all old people on SS to get a dam job so they can just kill it(SS and Medicare) off
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The Dems will never touch SS or Medicare BENEFITS. Obama has spoken about saving money with technical improvements, or changing age requirements long in the future. Watch out for Pub doubletalk however. They already have made dupes think these programs are in trouble. They're not.
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
For what it's worth, the bonds in the social security trust fund are not marketable.
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
For what it's worth, the bonds in the social security trust fund are not marketable.
We noticed.
For what it's worth, the bonds in the social security trust fund are not marketable.
We noticed.
If you're just now noticing you haven't been paying attention. They've always been nonmarketable.
That's what Ronald Reagan's Social Security tax increase will do to ya.We noticed.
If you're just now noticing you haven't been paying attention. They've always been nonmarketable.
I think a lot of people just realized that the SocSec Trust Fund is backed by the Full Faith and Credit of Bernie Madoff.
There is a much better fix for Medicare than raising the age limit...try LOWERING it.
Medicare for all...
LIES!!! The idiot in charge (obamaturd) is the one who threatened that there would be no soc. sec. payments after aug. 2nd. Which he is using scare tactics to push his socialistic agenda. The republicans do not want to get rid of soc sec or medicare. Loser.Robin, you are blaming the wrong person. The President is trying to prevent the destruction of the Social Security system. The GOP is doing there best to destroy it, as they have been since Roosevelt.
The President cannot take your SS at the drop of a hat. But the Congress can deny him the money with which to pay SS. And that is exactly what they want to do.
Obamaturd should be charged!!Social Security and Medicare have their own funds. So this Debt talk shouldn't have anything to do with them.
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
Social Security has always been a Ponzi Scheme. While I can feel for a person like Robin, the fact is, with the conditions she describes, she is probably taking a lot more out of SS and Medicare than she ever paid in. What we have to stop doing with SSI is pretending it was ever a "retirement program". It isn't. It's charity. It's welfare. It's wealth redistribution. Call it what it is.
It makes no sense for Bill Gates to receive Social Security when he hits 65, but he will. So will a lot of other wealthy people, because they need to maintain the mythology that it's a "retirement program". Once we get past the smoke and mirrors, we can make evaluations about what we should and shouldn't pay for, nad what is the most effective way to do it.
The problem, JoeB is this....
If the US reneges on its dubt obligations then the MARKET VALUE of all US debt insturments falls.
Since the SSA owns DEBT INSTRUMENTS ISSUED BY THE FEDERAL GOVERNMENT, even if they CAN sell them (I'm informed they cannot) their value will have dropped significantly due to the government RENEGING on them.
What part of " the Government has enough tax revenues coming in each month to pay the debt " don't you understand?
Obama has ILLEGALLY threatened to stop SS payments. He can not legally do so, he nor Congress can divert SS money UNTIL all SS obligations are paid for that month. Same with Medicare.
There are SPECIFIC monthly taxes for those programs and the Government can not divert those funds legally without an act of Congress being passed and the President signing it into law. And then due to the 14th Amendment and the rest of the Constitution on taxation people can sue the Government.
That's what Ronald Reagan's Social Security tax increase will do to ya.If you're just now noticing you haven't been paying attention. They've always been nonmarketable.
I think a lot of people just realized that the SocSec Trust Fund is backed by the Full Faith and Credit of Bernie Madoff.
Typical socialist dimwit attitude. And you have the nerve to blame republicans for the dimwits problems. IDIOT!!!Well, the Teabaggers would support that, for sure.
When I started putting money into SS, one could buy a nice house for $6500. A new pickup for $1800. So the money I put in then was worth a lot more than the numbers of that time indicate. However, should I live a normal lifespan for either side of my family, I will definately draw out more than I put in by any accounting. And I intend to do just that.
That's what Ronald Reagan's Social Security tax increase will do to ya.I think a lot of people just realized that the SocSec Trust Fund is backed by the Full Faith and Credit of Bernie Madoff.
It never ends well for the guys running the Ponzi Scheme. You know that, right?
If Bush or any Republican said the checks might not go out, there'd be blood in the streets and I'm not exaggerating. The Dems would have pushed the button and sent their legions of mindless zombies out in panic.
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
For what it's worth, the bonds in the social security trust fund are not marketable.
In the case of Social Security, they have a trust fund of US Bonds. So even if the money they take in can't meet all the obligations, they can sell off those bonds. (The problem, of course, is that for decades, the government has been converting that money into bonds so they could buy bombers and bridges instead of putting it into an account.)
For what it's worth, the bonds in the social security trust fund are not marketable.
Not exactly accurate, either
Trust Fund FAQs
If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure.
For what it's worth, the bonds in the social security trust fund are not marketable.
Not exactly accurate, either
Trust Fund FAQs
If all the income is invested, how do benefits get paid each month? Money to cover expenditures (mainly benefit payments) from the trust funds comes from the redemption or sale of securities held by the trust funds. When "special-issue" securities are redeemed, interest is paid. In fact, the principal amount of special issues redeemed, plus the corresponding interest, is just enough to cover an expenditure.
sale of securities...hmm...
Who buys those securities, Frank? (hint: It ain't anyone in the market)
Is it a marketable security if the security can't be sold in the market?