SCOTUS: Social Security Benefits Can Be ELIMINATED At Any Time

[Contumacious]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

Obviously, fedgov has perpetrated a massive fraud upon unsuspecting Americans.

The federal government is legally and morally obligated to honor its obligations regardless of what SCOTUS have stated.

The federal government must sell property in order to acquire the funds necessary to pay its obligations to elderly Americans.

Then it ought to ABOLISH the Ponzi scheme so that Americans are not REQUIRED to financially support the fraudulent scam.

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[Freewill]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

The Problem is not Social Security. It's SSD, Social Security Disability for the most part. If the SS system were still just people who paid in all their life, then collected there would be no problem. The problem is now the system is loaded down with people who never worked, and never paid in, or didn't work very long.

SS was never meant to be that. it was meant to be a retirement guarantee for workers, not straight welfare for the poor, and disabled.

Not to suggest the Poor, and Disabled don't need help. But it is not fair to threaten to end the Benefits of workers who paid in with good faith their whole lives, because the System has changed into more welfare and less of a Pay as you go retirement guarantee, and the fucking cock sucking, Dirt bag Politicians could not keep their fucking hands out of the cookie jar and had to go and Rape the Trust fund.

and you libs wonder why some of us don't like the idea of the Government overseeing massive Welfare programs. They can not be trusted. The things always cost exponentially more than they tell us they will, and the Benefits are never as good as they say they will be, and clearly any promise that they will manage a fund and not fucking rape it, is worthless.

What I think is going to happen is that SS will be eliminated for those who pass means testing. Which means that those who put the most in will get the least out. That seems fair to the social worker who barely made over minimum wage and now has to retire.

 

[Freewill]

As stated above, money flowing into the trust funds is invested in U. S. Government securities. Because the government spends this borrowed cash, some people see the trust fund assets as an accumulation of securities that the government will be unable to make good on in the future. Without legislation to restore long-range solvency of the trust funds, redemption of long-term securities prior to maturity would be necessary.

Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.

Many options are being considered to restore long-range trust fund solvency. These options are being considered now, over 20 years in advance of the year the funds are likely to be exhausted. It is thus likely that legislation will be enacted to restore long-term solvency, making it unlikely that the trust funds' securities will need to be redeemed on a large scale prior to maturity.

Trust Fund FAQs

"full faith and credit of the U. S. Government."

Wasn't the US credit rating just dropped under Obama?

Analysis: U.S. credit rating could again take hit in 2013

Analysis: U.S. credit rating could again take hit in 2013 | Reuters

Your husband has run up your Chinese credit card to the max. You, in good faith, promise to pay back the credit card. The problem is that even if you put all of your income into payment, and took another job, it still would not be able to meet that obligation. So yes, the Chinese have put full faith in the US but faith doesn't pay the bills.

 

[Oddball]

I get tired of correcting morons. Stupid people are irritating.

Oh





the





IRONY!......

 

[007]

There are things the government could do to shore up SS, like do NOT give it to illegal aliens! Simply put, if you didn't pay into it, you're not getting any. Second, if you make over say million dollars a year, you don't pay into it and you don't get any back. You should have enough money and brains to take care of yourself. Right off the top, that could save billions.

 

[Sallow]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

How exactly do we "save" billions?

Social Security is revenue/debt neutral. And will be for the next 2 decades.

 

[Sallow]

There are things the government could do to shore up SS, like do NOT give it to illegal aliens! Simply put, if you didn't pay into it, you're not getting any. Second, if you make over say million dollars a year, you don't pay into it and you don't get any back. You should have enough money and brains to take care of yourself. Right off the top, that could save billions.

People that don't pay into it, do not get it.

And many "illegal" aliens pay into and do not get it.

 

[Truthmatters]

if you want to make SS good forever all you need to do is change the numbers.


Becuase of the baby boom we will have a time when fewer workers are supporting more retiries.



One really simple way to change those numbers is Immigration.


able bodied workers to pay into the SS fund to make it workable.


Make the people here legal and get them all paying into the SS system.

 

[Contumacious]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

You won’t be screwing over just old people, you’ll be screwing over middle and low income workers, as well as people in their 40s and 50s for whom SS will be their only income once retired, as many lost all their savings, a consequence of the recession.

yes, indeed.

Social Security Taxes are MANDATED by federal law,

 

[007]

There are things the government could do to shore up SS, like do NOT give it to illegal aliens! Simply put, if you didn't pay into it, you're not getting any. Second, if you make over say million dollars a year, you don't pay into it and you don't get any back. You should have enough money and brains to take care of yourself. Right off the top, that could save billions.

People that don't pay into it, do not get it.

And many "illegal" aliens pay into and do not get it.

Bull shit. There's MILLIONS of illegal aliens on SS, MILLIONS, enough in California alone to break SS.

And if an illegal alien is paying into using an illegal SS number like obama, that's their fucking problem. They shouldn't be here in the first place. They should be arrested and deported.

 

[WillowTree]

if you want to make SS good forever all you need to do is change the numbers.


Becuase of the baby boom we will have a time when fewer workers are supporting more retiries.



One really simple way to change those numbers is Immigration.


able bodied workers to pay into the SS fund to make it workable.


Make the people here legal and get them all paying into the SS system.

good damn idea, UE is only what? 7.8% that's just what we need more people flooding into AMerica looking for jobs.. yay team.

 

[Contumacious]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

How does Social Security "build debt"...? It currently has a $2.7 TRILLION surplus and doesn't cost the government one penny - except the interest that Uncle Sam pays on the borrow funds.

Trust Fund FAQs

Dream on but get ready to work until you die:


Clinton Administration admits that the Trust Fund is fraudulent, stating in its proposed budget for fiscal year 2000 that:

These [Trust Fund] balances are available to finance future benefit payments and other trust fund expenditures--but only in a bookkeeping sense. These funds are not set up to be pension funds, like the funds of private pension plans. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury, that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, make it easier for the government to pay benefits. [Emphasis added.]"

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[Polk]

People arguing that we need to cut Social Security benefits today to avoid cuts to Social Security benefits in the future are dishonest, stupid, or both.

 

[Contumacious]

But it is not fair to threaten to end the Benefits of workers who paid in with good faith their whole lives, because the System has changed into more welfare and less of a Pay as you go retirement guarantee, and the fucking cock sucking, Dirt bag Politicians could not keep their fucking hands out of the cookie jar and had to go and Rape the Trust fund. .

So folks , the social security tax is just another income tax.

But don't let than minor detail stop you from trusting federal bureaucrats.

Meanwhile, stay in shape, healthy and prepare to work until you collapse and die.

.

 

[Polk]

But it is not fair to threaten to end the Benefits of workers who paid in with good faith their whole lives, because the System has changed into more welfare and less of a Pay as you go retirement guarantee, and the fucking cock sucking, Dirt bag Politicians could not keep their fucking hands out of the cookie jar and had to go and Rape the Trust fund. .

So folks , the social security tax is just another income tax.

But don't let than minor detail stop you from trusting federal bureaucrats.

Meanwhile, stay in shape, healthy and prepare to work until you collapse and die.

.

It's fine to argue that FICA is just another income tax (it's an argument I agree with, in fact), but there the whole idea that Social Security needs to be cut because it's "trust fund" is exhausted becomes nonsense.

 

[Contumacious]

So where is the 2.7 Trillion sitting asshat? Why are we not collecting butt loads of interest on it? Because it's nothing buy fucking IOU's from the Fed. They spent the fucking money.

That is correct. In 1937, when SCOTUS considered the Social Security Acts the then Attorney General represented to the court:

Title II has the caption "Federal Old-Age Benefits." The benefits are of two types, first, monthly pensions, and second, lump sum payments, the payments of the second class being relatively few and unimportant.

[60] The first section of this title creates an account in the United States Treasury to be known as the "Old-Age

[ 301 U.S. Page 636]

Reserve Account." § 201. No present appropriation, however, is made to that account. All that the statute does is to authorize appropriations annually thereafter, beginning with the fiscal year which ends June 30, 1937. How large they shall be is not known in advance. The "amount sufficient as an annual premium" to provide for the required payments is "to be determined on a reserve basis in accordance with accepted actuarial principles, and based upon such tables of mortality as the Secretary of the Treasury shall from time to time adopt, and upon an interest rate of 3 per centum per annum compounded annually." § 201 (a). Not a dollar goes into the Account by force of the challenged act alone, unaided by acts to follow.


Helvering v. Davis - 301 U.S. 619 (1937)


The corrupt motherfuckers never set a interest bearing trust fund.


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[Contumacious]

. This is why those in Washington want to revisit and rewrite the retirement age for benefits.

The ONLY thing that should be done is sell federal lands to pay those who are 50 or older , and abolish the unconstitutional fraud and do not force those younger that 40 to pay into the scam.


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[Staidhup]

No, retard, SS is good until 2033 even with no changes.

Not more of that Ponzi scheme nonsense.

Apparently you are far wiser than the congressional budget office. But then again you continue believing that raising taxes without making major cuts will solve out budget, unfunded liabilities, and national debt problem. So fool, how do you feel sitting on your self-righteous throne, must be a lonely existence? When someone disagrees with your position, Lakhota, remember it is their opinion and just possibly they have a greater faith in the human spirit and do not wish to live in your progressive socialist society version of denial and oppression.

Lakhota, forgot to ask if you have glanced at the letter dated May 2011 from the Social Security office to the congress, specifically Joe Biden?

 

[Contumacious]

Now the question:

Do we screw over the elderly and eliminate social security, thus saving billions?
Or do we allow it do continue to build debt, yet allow the elderly means to live?

Neither option is a good option.

How does Social Security "build debt"...? It currently has a $2.7 TRILLION surplus and doesn't cost the government one penny - except the interest that Uncle Sam pays on the borrow funds.

Trust Fund FAQs

There is no surplus in actual cash, only in government backed securities (IOUs).

Back in July of 2011, the Obama Administration warned that if a budget deal were not struck by August 2, seniors may not get their Social Security checks because there was not enough money in the coffers. Of course, if there were real assets in the “Trust Fund” there would be no problem making Social Security payments. Here is a link which explains it all fairly well.

What Happened to the $2.6 Trillion Social Security Trust Fund? - Forbes

Every time that warmongers use a bomb, a drone, a bomber or a fighter they are using social security funds.

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[Lakhota]

No, retard, SS is good until 2033 even with no changes.

Not more of that Ponzi scheme nonsense.

Apparently you are far wiser than the congressional budget office. But then again you continue believing that raising taxes without making major cuts will solve out budget, unfunded liabilities, and national debt problem. So fool, how do you feel sitting on your self-righteous throne, must be a lonely existence? When someone disagrees with your position, Lakhota, remember it is their opinion and just possibly they have a greater faith in the human spirit and do not wish to live in your progressive socialist society version of denial and oppression.

Lakhota, forgot to ask if you have glanced at the letter dated May 2011 from the Social Security office to the congress, specifically Joe Biden?

Here, dumbass. Read and learn...

Social Security Finances: Findings of the 2012 Trustees Report | National Academy of Social Insurance

Social Security 2012 Trustees Report Summary