Social Security, Social Security, Social Security

[DaGoose]

Social Security, Social Security, Social Security

Ponzi scheme, ponzi scheme, ponzi scheme

.

If we can get past the childish bullshit here are some things to consider......

Social Security Lifts 13 Million Seniors Above the Poverty Line

Social Security Lifts 13 Million Seniors Above the Poverty Line — Center on Budget and Policy Priorities

The system still will be taking in enough revenue to cover 75 percent to 80 percent of what is currently promised.

What's more, even if benefits were reduced to that level, they still would be higher in today's dollars than what current retirees are getting, according to CBO estimates.

Myths, half-truths and exaggerations - content.1

More than three-in-four Americans reject the idea of cutting Social Security benefits, according to the latest Wall Street Journal/NBC News poll. The numbers are similar for cutting Medicare or K-12 education.

WSJ/NBC Poll: Hands Off Medicare, Social Security - Washington Wire - WSJ

So you can call it a Ponzi Scheme all you want but SS will be around for at least all of our lifetimes. There is no way ANY politician would ever vote to discontinue it.

Now of course all of you who think it's nothing more than Socialism can most certainly "MAN UP" and refuse to file for your benefits when you become eligible. And if you do sign up then you're nothing more than hypocrites.

 

[WillowTree]

but obama keeps wanting to extend the payroll tax deductions holiday., every day that happens the social security pot is being depleted. I don't know who you'll whine about when the money is gone.

SS is solid for the next 25 years.

We just need to raise taxes on the rich to cover the baby boomers.

that payroll tax cut sucked 110 billion dollars out of the ss fund. asswipe. do you fathom how much 110 billion dollars is? and that was just one year.

 

[DaGoose]

but obama keeps wanting to extend the payroll tax deductions holiday., every day that happens the social security pot is being depleted. I don't know who you'll whine about when the money is gone.

SS is solid for the next 25 years.

We just need to raise taxes on the rich to cover the baby boomers.

that payroll tax cut sucked 110 billion dollars out of the ss fund. asswipe. do you fathom how much 110 billion dollars is? and that was just one year.

I too disagree with that payroll tax cut. That should be taken off the table.

 

[Cammmpbell]

You got that right. Its easy to spend someone elses money when yours runs out.

Don't think SS and Medicare would be all that popular if folks could only take out exactly what they had put into those two programs.

If I could I would take back every dime I have in both SS and Medicare. I can sure as hell take better care of my money than those Clowns in DC.

Yeah, Yeah , Yeah. I've never heard your kind of bullshit from anywhere except the Republicans. Somehow they always seem to have enough money. Strange how having enough money and never being hungry during one's life will affect one's attitude and perception. You wanna do something...go volunteer for a couple of tours in Afghanistan...maybe you can have the honor of getting acquainted with my oldest granddaughter's husband.

My perception is just fine thanks and your the one throwing the bullshit.

You seem to think its AOK to use someone elses money when yours is gone. You have no problem using someone elses money and could care less if that person is left holding your bag.

In any other venue thats called theft.

BTW I'm not a Rep and your an old idiot.

LMAO!!! First I began to pay into social security in 1950 when I was sixteen years old. I worked for 43 years after that. I paid the maximum into social security the last 15 years that I worked...you know, it cut off because I made a high enough salary to be exempted the rest of the year.

Now...about the idiot thing. I always know I've won when somebody calls me an idiot or a moron. I suggest you look up the meaning.

I've had three IQ tests during my lifetime. One at the Oak Ridge, TN high school, one in OCS in the army and one administered by mensa in Knoxville, TN. Average score, 129.

You might consider adding imbecile to your attacks...it's eqally as non impressive.

 

[ba1614]

You got that right. Its easy to spend someone elses money when yours runs out.

Don't think SS and Medicare would be all that popular if folks could only take out exactly what they had put into those two programs.

If I could I would take back every dime I have in both SS and Medicare. I can sure as hell take better care of my money than those Clowns in DC.

Yeah, Yeah , Yeah. I've never heard your kind of bullshit from anywhere except the Republicans. Somehow they always seem to have enough money. Strange how having enough money and never being hungry during one's life will affect one's attitude and perception. You wanna do something...go volunteer for a couple of tours in Afghanistan...maybe you can have the honor of getting acquainted with my oldest granddaughter's husband.

My perception is just fine thanks and your the one throwing the bullshit.

You seem to think its AOK to use someone elses money when yours is gone. You have no problem using someone elses money and could care less if that person is left holding your bag.

In any other venue thats called theft.

BTW I'm not a Rep and your an old idiot.

Typical ain't it? even uses someone elses military honor for himself

 

[Unkotare]

I've had three IQ tests during my lifetime. .

They just told you it was an 'IQ Test' so you would hold still as they stuck the thermometer up your ass.

 

[Toddsterpatriot]

Why is it that none of you sheep realize that if you had control over the money the government confiscates for SS that you'd all be better off?

Math is hard. Harder if you're a liberal.

 

[Full-Auto]

Yeah, Yeah , Yeah. I've never heard your kind of bullshit from anywhere except the Republicans. Somehow they always seem to have enough money. Strange how having enough money and never being hungry during one's life will affect one's attitude and perception. You wanna do something...go volunteer for a couple of tours in Afghanistan...maybe you can have the honor of getting acquainted with my oldest granddaughter's husband.

Obama fucked that up for me. Now I have a passport and nowhere to go.

You weren't going anywhere to begin with.

I've never heard your kind of bullshit from anywhere except the Republicans. Somehow they always seem to have enough money. Strange how having enough money and never being hungry during one's life will affect one's attitude and perception. You wanna do something...go volunteer for a couple of tours in Afghanistan...maybe you can have the honor of getting acquainted with my oldest granddaughter's husband.

LOL The only blowhard between us is you. You see the contracts were not awarded to correct cronies so Obama changed that. I will own you on any subject.

 

[Claudette]

Yeah, Yeah , Yeah. I've never heard your kind of bullshit from anywhere except the Republicans. Somehow they always seem to have enough money. Strange how having enough money and never being hungry during one's life will affect one's attitude and perception. You wanna do something...go volunteer for a couple of tours in Afghanistan...maybe you can have the honor of getting acquainted with my oldest granddaughter's husband.

My perception is just fine thanks and your the one throwing the bullshit.

You seem to think its AOK to use someone elses money when yours is gone. You have no problem using someone elses money and could care less if that person is left holding your bag.

In any other venue thats called theft.

BTW I'm not a Rep and your an old idiot.

LMAO!!! First I began to pay into social security in 1950 when I was sixteen years old. I worked for 43 years after that. I paid the maximum into social security the last 15 years that I worked...you know, it cut off because I made a high enough salary to be exempted the rest of the year.

Now...about the idiot thing. I always know I've won when somebody calls me an idiot or a moron. I suggest you look up the meaning.

I've had three IQ tests during my lifetime. One at the Oak Ridge, TN high school, one in OCS in the army and one administered by mensa in Knoxville, TN. Average score, 129.

You might consider adding imbecile to your attacks...it's eqally as non impressive.

When people start telling you how intelligent and smart they are thats when I LMAO. I really LOL when they start throwing their IQ numbers around. Just like it means something.

Your IQ doesn't seem to have helped you in the real world. You did say how you were strarving and had no money and thank god for someone elses money supporting you on SS.

Talk about unimpressive.

 

[Toddsterpatriot]

I remember when the first people began to draw a pittance from social security...about 1942, 43. The act was initiated about 1935 and guess what.......the Republicans screamed that it would cost jobs. They continued to scream until the act went to the supreme court twice before it was finally ruled constitutional. Republicans would like to see the poverty stricken back on county poor farms(poorhouses) A couple of acres and a basically empty house where a group of poverty stricken people lived and those who could still amble about would raise and can enough food to feed all of them. This country is lightly sprinkled with unmarked graves from those days.

Social Security is the only program in Washington that month end and month out pays it's own way.

I wish you people had a clue. I wish you could have seen west Tennessee during the depression. Unemployment reached nearly 50%. Grown men cried because they were unable to put food on the table for their families. Men would scrounge around looking for a days work on farms, 12 hours in the fields for $0.75 and their mid day meal. My dad worked in a box factory and ruptured himself lifting loads from a skid and the second day he missed they replaced him. There were no unions, no benefits, no vacation, personal leave, health insurance, workman's comp, etc. If a man could work he was paid...if he couldn't he wasn't.

When my dad got a job as timekeeper on the WPA that was the first regular paycheck he ever drew. He made about $6.50 a week. Believe it or not that was enough to feed us and afford a place to live. He would be sure that my mom kept a pot of navy beans warming on the stove so beggers who knocked on the door knowing we had no work for them could at least have a bowl of beans and a stick of corn bread.

You folks need to get your shit together and your minds right.

And you need to stop living in the past.

The Keynesian model of using government jobs to make up for shortcomings in the private sector was destroyed when public sector unions insisted that these jobs pay a lot more than the prevailing wage and the people doing them weren't going to be held to any kind of standard.

At that point, government jobs became wasteful.

None of which has anything to do with Social Security. Social Security was introduced at a time when the average lifespan was 62 years, so it was no great deal to pay off the people who it 65.

Today the average lifespan is 78, and if you retire at 65, you'll get back everything you paid into it by 72.

And the absolute insanity of pretending it's a retirement fund when it really isn't is the problem.

If my retirement had been in the stock market I would have starved to death in 2008 and 2009.

As it is I got back everything I had paid into social security four years ago. The deal is this. When we had our 58th HS reunion in June, 2010....a third of our 240 graduates were dead, many of them at least twenty years before that. Don't you get it......none of their contributions were ever collected by them or any member of their family.

All the bulshit spread about social security is by people who would like to see the poor back in county poor farms and returned to a final destiny of an unmarked grave.

If my retirement had been in the stock market I would have starved to death in 2008 and 2009.

If your SS contribution had been in the market since 1952, your portfolio could be in a basket of corporate bonds and your interest alone would be multiples of your Social Security check and you'd still have hundreds of thousands in untouched principal.

 

[Cammmpbell]

I've had three IQ tests during my lifetime. .

They just told you it was an 'IQ Test' so you would hold still as they stuck the thermometer up your ass.

This place is a bible thumping right wing rag and you people prove it every time you post. The intelligent content around here is outweighed by major bullshit four to one.

I have an idea that 90% of the posts here are by hired Republicans who mask and override any intelligent point made by or for the left. Why am I not surprised.

Just wait... minorities and a lot of poor people don't have computers.........they will vote.

 

[Toddsterpatriot]

I've had three IQ tests during my lifetime. .

They just told you it was an 'IQ Test' so you would hold still as they stuck the thermometer up your ass.

This place is a bible thumping right wing rag and you people prove it every time you post. The intelligent content around here is outweighed by major bullshit four to one.

I have an idea that 90% of the posts here are by hired Republicans who mask and override any intelligent point made by or for the left. Why am I not surprised.

Just wait... minorities and a lot of poor people don't have computers.........they will vote.

The intelligent content around here is outweighed by major bullshit four to one.

Despite the ratio, we'll continue to post intelligent content to refute your major bullshit.

 

[CrusaderFrank]

Social Security is already broke. There are no real assets in the trust fund. It's would be like Corzine being able to steal all his clients money and in return give them Corzine dollars that can only be redeemed by Corzine.

Despite what lying Liberals say, this country has always and will always be the most charitable place on Earth. FDR and the Progressives decided to take out US Charities and replace them with government handouts, thereby tying generation of people to the teat of the Democrat Party.

Wake the fuck up already

 

[Skull Pilot]

You vote for the stock market ponzi scheme? Go ahead and put your money in the stock market and watch the hedge funds sell everything short and steal your retirement. Then what? Grow a brain. SS is the safest bet. If you also have a 401k, fine, try not to lose it.

SS isn't a problem. Its solvent to 2037. With a little tweak SS is fine. Medicare and Medicaid are the problems. They are all but bankrupt now. Then the stupid dems add 30,000,000 free-loaders into the system.

Since 1900 the Dow Jones Industrial has averaged over 9% ..

The market is useless unless one gets in and out with a great degree of correct timing. The insiders are basically the ones who get rich from the stock market. Did you know that right now there's an investigation in progress about members of congress having access to stock market facts to which the public had none:

History of Insider Trading, 1611-2011, with an Emphasis on Congressional Insider Trading
1611-1799 1800-1929 1933-1949

Birth of stock markets Growth of markets and financial scandals Beginning of government attempts to regulate insider trading
1950-1969 1970-1979 1980-1989

Congress begins to standardize rules to prevent financial misconduct by government officials Government-wide financial rules extend to legislative, executive, and judicial branches. Increased Congressional and SEC attempts to strengthen insider trading regulations; Supreme Court checks SEC power in rulings
1990-1999 2000-2004 2005-2011

Congress, SEC, and Supreme Court strengthen insider trading law Financial scandals bring insider trading to greater public attention Increased public scrutiny of Congressional insider trading and attempts to prohibit trading on Congressional insider knowledge

Bullshit.

Time in the market is better than timing the market. That and some time tested strategies of portfolio management like not having ALL your money in equities when you're preparing to retire will prove more beneficial than trying to time stock trends.

You have fallen for the fear mongering propaganda spewed by the big government anti free market idiots.

And the congress practicing insider trading has nothing to do with your own personal investments. While I'll agree that all those corrupt assholes should be in jail in the long run their scam really doesn't affect your portfolio.

 

[Unkotare]

This place is a bible thumping right wing rag and you people prove it every time you post. .

You're an irrational, illogical, insecure, fucking douchebag. Fuck off.

 

[Jackson]

We are the richest country in the world.

We should be able to take care of the old and the sick.

It's the right thing to do.

Does that go for the terminally lazy, too? Almost half of Americans are on entitlements...welfare.

 

[Cammmpbell]

Since 1900 the Dow Jones Industrial has averaged over 9% ..

The market is useless unless one gets in and out with a great degree of correct timing. The insiders are basically the ones who get rich from the stock market. Did you know that right now there's an investigation in progress about members of congress having access to stock market facts to which the public had none:

History of Insider Trading, 1611-2011, with an Emphasis on Congressional Insider Trading
1611-1799 1800-1929 1933-1949

Birth of stock markets Growth of markets and financial scandals Beginning of government attempts to regulate insider trading
1950-1969 1970-1979 1980-1989

Congress begins to standardize rules to prevent financial misconduct by government officials Government-wide financial rules extend to legislative, executive, and judicial branches. Increased Congressional and SEC attempts to strengthen insider trading regulations; Supreme Court checks SEC power in rulings
1990-1999 2000-2004 2005-2011

Congress, SEC, and Supreme Court strengthen insider trading law Financial scandals bring insider trading to greater public attention Increased public scrutiny of Congressional insider trading and attempts to prohibit trading on Congressional insider knowledge

Bullshit.

Time in the market is better than timing the market. That and some time tested strategies of portfolio management like not having ALL your money in equities when you're preparing to retire will prove more beneficial than trying to time stock trends.

You have fallen for the fear mongering propaganda spewed by the big government anti free market idiots.

And the congress practicing insider trading has nothing to do with your own personal investments. While I'll agree that all those corrupt assholes should be in jail in the long run their scam really doesn't affect your portfolio.

I notice you decided to completely ignore the repeated investigations of congressional insider trading. The one which is getting under way right now should prove to be extremely interesting.

 

[FA_Q2]

The market is useless unless one gets in and out with a great degree of correct timing. The insiders are basically the ones who get rich from the stock market. Did you know that right now there's an investigation in progress about members of congress having access to stock market facts to which the public had none:

History of Insider Trading, 1611-2011, with an Emphasis on Congressional Insider Trading
1611-1799 1800-1929 1933-1949

Birth of stock markets Growth of markets and financial scandals Beginning of government attempts to regulate insider trading
1950-1969 1970-1979 1980-1989

Congress begins to standardize rules to prevent financial misconduct by government officials Government-wide financial rules extend to legislative, executive, and judicial branches. Increased Congressional and SEC attempts to strengthen insider trading regulations; Supreme Court checks SEC power in rulings
1990-1999 2000-2004 2005-2011

Congress, SEC, and Supreme Court strengthen insider trading law Financial scandals bring insider trading to greater public attention Increased public scrutiny of Congressional insider trading and attempts to prohibit trading on Congressional insider knowledge

Bullshit.

Time in the market is better than timing the market. That and some time tested strategies of portfolio management like not having ALL your money in equities when you're preparing to retire will prove more beneficial than trying to time stock trends.

You have fallen for the fear mongering propaganda spewed by the big government anti free market idiots.

And the congress practicing insider trading has nothing to do with your own personal investments. While I'll agree that all those corrupt assholes should be in jail in the long run their scam really doesn't affect your portfolio.

I notice you decided to completely ignore the repeated investigations of congressional insider trading. The one which is getting under way right now should prove to be extremely interesting.

I notice how you bring up a point that is not related to the thread in any way and yet ignore this post:

[/b]If your SS contribution had been in the market since 1952, your portfolio could be in a basket of corporate bonds and your interest alone would be multiples of your Social Security check and you'd still have hundreds of thousands in untouched principal.

That has a direct bearing on the topic at hand. Fact is all those on SS would be doing far better had the program been given to the people to invest in something that was not a ponzi scheme.

 

[DaGoose]

Bullshit.

Time in the market is better than timing the market. That and some time tested strategies of portfolio management like not having ALL your money in equities when you're preparing to retire will prove more beneficial than trying to time stock trends.

You have fallen for the fear mongering propaganda spewed by the big government anti free market idiots.

And the congress practicing insider trading has nothing to do with your own personal investments. While I'll agree that all those corrupt assholes should be in jail in the long run their scam really doesn't affect your portfolio.

I notice you decided to completely ignore the repeated investigations of congressional insider trading. The one which is getting under way right now should prove to be extremely interesting.

I notice how you bring up a point that is not related to the thread in any way and yet ignore this post:

[/b]If your SS contribution had been in the market since 1952, your portfolio could be in a basket of corporate bonds and your interest alone would be multiples of your Social Security check and you'd still have hundreds of thousands in untouched principal.

That has a direct bearing on the topic at hand. Fact is all those on SS would be doing far better had the program been given to the people to invest in something that was not a ponzi scheme.

But they weren't doing it hence the need for SS. Hell, most that can aren't even doing it now.

Social Security Lifts 13 Million Seniors Above the Poverty Line — Center on Budget and Policy Priorities

But you can call it a Ponzi Scheme all you want. It ain't going anywhere.

WSJ/NBC Poll: Hands Off Medicare, Social Security - Washington Wire - WSJ

So.......Any party or politician that would attempt to do away with it would be banished for a long, long time.

The only thing YOU can do is NOT sign up for it when your eligible. You sure wouldn't want to be a willing participant in a Ponzi Scheme, would you?

 

[hortysir]

I remember when the first people began to draw a pittance from social security...about 1942, 43. The act was initiated about 1935 and guess what.......the Republicans screamed that it would cost jobs. They continued to scream until the act went to the supreme court twice before it was finally ruled constitutional. Republicans would like to see the poverty stricken back on county poor farms(poorhouses) A couple of acres and a basically empty house where a group of poverty stricken people lived and those who could still amble about would raise and can enough food to feed all of them. This country is lightly sprinkled with unmarked graves from those days.

Social Security is the only program in Washington that month end and month out pays it's own way.

I wish you people had a clue. I wish you could have seen west Tennessee during the depression. Unemployment reached nearly 50%. Grown men cried because they were unable to put food on the table for their families. Men would scrounge around looking for a days work on farms, 12 hours in the fields for $0.75 and their mid day meal. My dad worked in a box factory and ruptured himself lifting loads from a skid and the second day he missed they replaced him. There were no unions, no benefits, no vacation, personal leave, health insurance, workman's comp, etc. If a man could work he was paid...if he couldn't he wasn't.

When my dad got a job as timekeeper on the WPA that was the first regular paycheck he ever drew. He made about $6.50 a week. Believe it or not that was enough to feed us and afford a place to live. He would be sure that my mom kept a pot of navy beans warming on the stove so beggers who knocked on the door knowing we had no work for them could at least have a bowl of beans and a stick of corn bread.

My dad was lucky. When the war started he hired in at Procter and Gamble in Milan, TN where they were cooking TNT and turning out 500# bombs. He worked his way up from laborer to a line superintendent then when he heard they were hiring for a special project in east Tennessee he went to Jackson, TN, interviewed and landed a job working on the Manhatten project in Oak Ridge, TN. Our family did alright after that........all of us. Oak Ridge had over 700 PHD's. 10 times the national average for the population. Those people demanded good schools for their kids and my family was one of thousands who benefited from that. We were so lucky that looking back I have no clue what our fate might have been had we stayed in west Tennessee.

You folks need to get your shit together and your minds right.

You were 8 or 9 years old in 1942-43.

Between school, your paper route, and all your IQ testing you still managed to keep up with how people were handling their Social Security incomes?

I call bullshit