Social Security 2.5 trillion surplus minus 2.4 trillion GOP Tax break

[rdean]

Suddenly Social Security is in the news. The Republicans are worried it will be out of money. I knew it had a surplus of 2.5 trillion and was supposed to be fully paid for the next 27 years and able to pay at least 78% after that.

Suddenly it's gone!

Is this where the money from the Bush 2.4 trillion dollar "tax cuts" came from? Bush and the Republicans simply moved the nations entire retirement fund into the pockets of the wealthy?

I thought they couldn't be any worse after working to move jobs overseas and blocking unemployment benefits for jobs they sent packing.

Please, someone, tell me how this is "wrong".

And please tell me, where did the 2.4 trillion dollars come from especially when fighting two wars costing 3 trillion.

I'm looking for answers and with John Boerner poised to become the next Majority Leader, a man who wants to throw SS to Wall Street, frankly, I suspect it may all be true.

Opinion: Social Security woes overhyped - POLITICO.com

John Boehner, minority leader for the Republicans in the House of Representatives, gave an interview to a Pittsburgh newspaper in which he seriously proposed raising the social security retirement age so that more funds can be appropriated for our losing War in Afghanistan. No, this is not some kind of obscene joke, Boehner was totally serious.

John Boehner’s Indecent Proposal: Let Social Security Fund the War Bear Market News

 

[Titanic Sailor]

oh geezus, heavy duty propaganda alert for this one.

 

[rdean]

oh geezus, heavy duty propaganda alert for this one.

So it's not true? Why not?

 

[Oddball]

Because there never ever was a surplus in the Socialist Insecurity "trust fund".

The money has been all siphoned out to pay for the socialistic welfare state and replaced with T-bills.

 

[johnrocks]

Because there never ever was a surplus in the Socialist Insecurity "trust fund".

The money has been all siphoned out to pay for the socialistic welfare state and replaced with T-bills.

The welfare Statists got their share and the warfare statists got their share, two hogs feeding at the same trough.

 

[Skull Pilot]

There never was any money in the so called SS trust fund period.

 

[CrusaderFrank]

Rdean is one of the most demented people I've ever come across. In many ways, he's the sickest individual I've ever encountered.

There are people in mental hospitals with severe OCD far less predictable than Rdean and his frothing hatred for "republicans"

 

[rdean]

The Social Security trust funds have built up a $2.5 trillion surplus over the past 25 years. But the federal government has borrowed that money over the years to spend on other programs. The government must now start borrowing money from public debt markets — adding to annual budget deficits — to repay Social Security.

Medicare fund will last extra 12 years - maybe | Lubbock Online | Lubbock Avalanche-Journal

PARKERSBURG, W.Va. | The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds

Aurora Sentinel > Archives > News > National > Social Security to start cashing Uncle Sam's IOUs

In 1980, the top 20% of income earners captured 43.7% of all national income. By 1992, at the end of the first Bush administration, their share had risen to 46.9%. Today it is over 49%. Meanwhile, the lowest four fifths of all income earners have seen their share of national income decline. The lowest quintile�s share has shrunk from 4.2% to 3.5%. The second lowest quintile has fallen from 10.2% to 8.8%. The middle quintile has seen its share fall from 16.8% to 14.8%. And the second highest quintile has suffered a decline from 25.0 to 23.3%. It is empirically the case that the rich are getting richer while everyone else is getting poorer.

The Bush Budget Deficit Death Spiral

-----------------------------------------------

Will Republicans ever admit their policies are total failures? They only attack, never point to a single imagined success.

 

[uscitizen]

There is a trust fund surplus on paper. Now the republicans do not want to pay off the Tbills that is owed to SS.

Personal responsibility my ass.

 

[Mad Scientist]

Because there never ever was a surplus in the Socialist Insecurity "trust fund". The money has been all siphoned out to pay for the socialistic welfare state and replaced with T-bills.

rdean, Americans maxed out their credit cards and now have to pay off the debt. Doesn't it ever occur to you that government should do the same?

Americans stopped spending.
Government should stop spending too.

 

[uscitizen]

What did the SS surplus pay for?

How can we say what it paid for social programs or war?
No one can say for sure.
All we can say for sure is that it was spent and must now start being repaid.

 

[Titanic Sailor]

Should someone tell the biased, suck any Democrat cock rdean that Lyndon Johnson, a Democrat, opened the flood gates to allow a Democrat monopolized and employed government to tap SS funds?

Nah, he looks better stupid.

 

[MikeK]

Rdean is one of the most demented people I've ever come across. In many ways, he's the sickest individual I've ever encountered.

There are people in mental hospitals with severe OCD far less predictable than Rdean and his frothing hatred for "republicans"

Based on what I've seen RDean posts intelligently crafted, useful information and well reasoned opinions.

What you have posted here is an ad hominem insult. If you can produce intelligent refutations of the content of RDean's messages, please do. Otherwise these pointless insults are a waste of everyone's time.

 

[Titanic Sailor]

Do any of you jackalopes realize that many of the senior management of Social Security today do not pay into Social Security? Hired before 1983. There were millions and millions of federal employees before 1983, and mostly Democrats. You know, the kind of employee that fears government reform..........

 

[uscitizen]

Should someone tell the biased, suck any Democrat cock rdean that Lyndon Johnson, a Democrat, opened the flood gates to allow a Democrat monopolized and employed government to tap SS funds?

Nah, he looks better stupid.

Actually the surplus has pretty much been spend since the inception of SS.
Both parties deserve the blame.

However Reagan raised the withholding up too high and created a bunch of money to be spent on other things.

imho SS withholdings should never be adjusted higher than a 4 year prediction to keep it solvent. that way there is not so much money for congress (on both sides) to waste.

 

[antagon]

Americans stopped spending.
Government should stop spending too.

where do they come up with this kinda 'logic'?

 

[rdean]

Rdean is one of the most demented people I've ever come across. In many ways, he's the sickest individual I've ever encountered.

There are people in mental hospitals with severe OCD far less predictable than Rdean and his frothing hatred for "republicans"

Based on what I've seen RDean posts intelligently crafted, useful information and well reasoned opinions.

What you have posted here is an ad hominem insult. If you can produce intelligent refutations of the content of RDean's messages, please do. Otherwise these pointless insults are a waste of everyone's time.

I spend a lot of time researching the stuff I write. I don't just come up with, "Obama is a Marxist/Fascist/Communist/Socialist and other such nonsense. I actually provide links. Those on the right seldom do. Unless it comes from the Heritage Foundation, Fox news or some other right wing institution.

I understand why they are calling names. They simply don't like the message and rather than "debate", they would rather "marginalize". I'm not even angry. I understand where they are coming from. If I belonged to a political party that is 90% white and mostly Christian, in a country that celebrates "diversity", I might be pretty angry myself.

 

[sealybobo]

Suddenly Social Security is in the news. The Republicans are worried it will be out of money. I knew it had a surplus of 2.5 trillion and was supposed to be fully paid for the next 27 years and able to pay at least 78% after that.

Suddenly it's gone!

Is this where the money from the Bush 2.4 trillion dollar "tax cuts" came from? Bush and the Republicans simply moved the nations entire retirement fund into the pockets of the wealthy?

I thought they couldn't be any worse after working to move jobs overseas and blocking unemployment benefits for jobs they sent packing.

Please, someone, tell me how this is "wrong".

And please tell me, where did the 2.4 trillion dollars come from especially when fighting two wars costing 3 trillion.

I'm looking for answers and with John Boerner poised to become the next Majority Leader, a man who wants to throw SS to Wall Street, frankly, I suspect it may all be true.

Opinion: Social Security woes overhyped - POLITICO.com

John Boehner, minority leader for the Republicans in the House of Representatives, gave an interview to a Pittsburgh newspaper in which he seriously proposed raising the social security retirement age so that more funds can be appropriated for our losing War in Afghanistan. No, this is not some kind of obscene joke, Boehner was totally serious.

John Boehner’s Indecent Proposal: Let Social Security Fund the War Bear Market News

How do middle class Republicans defend this? Other than Clinton dipped into it too. Don't play that shit. Fact is, the GOP lied and said its broken when in fact they broke it. Clearly they don't want to put the money they took back. This is easily fixed. Have the rich that stole it put it back. The Bankers and Wallstreet tycoons who took 7 trillion from us, have them give us 2.4 trillion back and we will call it even. Seriously, I'm not kidding.

Republicans hate the Commons so they purposely are trying to break the system so they can privatize everything.

In 2006/07. Whenever the lame duck session was right before Pelosi and Reed took over, the GOP passed a bill requiring the post office to fund its pension for the next 75 years. Republicans don't even like Pensions. Why would they of all people pass such a bill? Clearly to break the post office and then steal that pension money which is now in the trillions. Meanwhile the post office isn't making enough money. So Republicans say, "see, it doesn't work, privatize it". Nothing works when the Republicans get a hold of it.

I truly don't think middle class Republicans know what they are advocating for. I'm trying to figure out how they on one hand think they are the religious party and on the other hand they want to impliment Ayn Rand's kind of society which is anything but religious.