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Good research. I think you understand the essentials. Knowing that why would you want to turn the whole proccess into a casino bet?
Casino vs Government .. ah .. I need more research I guess because I'm not seeing much difference.. I'm losing on both..
If I had a 401 type plan instead of SS and invested in government securities/bonds, I don't see a difference really. In good times.. if I invested in medium risk funds I'd make more than government bonds easily...It is my money supposedly and if I didn't make it.. croaked... it would go to my heirs..
Honestly.. I don't trust government with most things...bad track record..
Nothing is stopping you from making personal investments. BUT as we have seen in the last three years they can and DO fail. The SS is supposed to be a fail safe backstop. It would be foolish to remove that gaurantee. Every portfolio should have diversification. If you can afford to take risk you should invest what you can easily afford to lose in higher risk/higher potential gain sectors of the market. If you lose sight of the fact that most of the people that have put money through their employer into the system cannot afford any risk then you are doing them and the country a disservice.
could jokey prove himself anymore stupid than that last series of posts?
No...
He's venturing into rdean stupidity levels now... Must be because of the upcoming elections which he predicted his Democratics would easily keep control of the House...
It is instructive to note that the $2.5 Trillion Social Security Trust Fund has value, not as a tangible economic asset, but because it is a claim on behalf of beneficiaries on the goods and services produced by the working population. This claim will be enforced by the United States Government although the precise monetary mechanism of enforcement is yet to be determined. In order to repay the Trust Fund, the United States government has three options, which may all be pursued to varying degrees.
(1) The government may issue debt by selling treasuries, which would further raise the deficit. This scenario would likely increase the tax burden on future generations, as annual interest payments on the national debt would increase. If government revenues do not increase sufficiently either through taxes of economic growth, the government would be forced to cut spending on other programs (such as Defense, Education, Research) or else default on all or part of the debt.
(2) The government may raise taxes. If taxes are raised across the board, ironically, by reducing take home pay for workers, the government could make it harder for the younger, working generations to invest and save for retirement. However, if taxes are raised only on those whose earlier tax cuts were partially offset by these excess FICA contributions, namely those taxpayers whose marginal rates were reduced from 74% to as little as 28% during the Reagan Administration, the younger, working generations will not lose any ability to save or invest.
(3) The government may monetize trust fund obligations by transferring the treasuries held by the Trust Fund onto the Federal Reserve balance sheet. In such a transaction, the bonds would become "assets" on the Fed's balance sheet, and the Fed would create money "out of thin air" to purchase the bonds from the government. Under such a scenario, the bonds are converted into cash, which would then be used by the government to cover social security payments. This scenario would likely lead to increased inflation, as it would inflate the money supply without directly increasing the amount of goods and services produced by the economy as a whole.
Social Security Trust Fund - Wikipedia, the free encyclopedia
Good research. I think you understand the essentials. Knowing that why would you want to turn the whole proccess into a casino bet?
It is instructive to note that the $2.5 Trillion Social Security Trust Fund has value, not as a tangible economic asset, but because it is a claim on behalf of beneficiaries on the goods and services produced by the working population. This claim will be enforced by the United States Government although the precise monetary mechanism of enforcement is yet to be determined. In order to repay the Trust Fund, the United States government has three options, which may all be pursued to varying degrees.
(1) The government may issue debt by selling treasuries, which would further raise the deficit. This scenario would likely increase the tax burden on future generations, as annual interest payments on the national debt would increase. If government revenues do not increase sufficiently either through taxes of economic growth, the government would be forced to cut spending on other programs (such as Defense, Education, Research) or else default on all or part of the debt.
(2) The government may raise taxes. If taxes are raised across the board, ironically, by reducing take home pay for workers, the government could make it harder for the younger, working generations to invest and save for retirement. However, if taxes are raised only on those whose earlier tax cuts were partially offset by these excess FICA contributions, namely those taxpayers whose marginal rates were reduced from 74% to as little as 28% during the Reagan Administration, the younger, working generations will not lose any ability to save or invest.
(3) The government may monetize trust fund obligations by transferring the treasuries held by the Trust Fund onto the Federal Reserve balance sheet. In such a transaction, the bonds would become "assets" on the Fed's balance sheet, and the Fed would create money "out of thin air" to purchase the bonds from the government. Under such a scenario, the bonds are converted into cash, which would then be used by the government to cover social security payments. This scenario would likely lead to increased inflation, as it would inflate the money supply without directly increasing the amount of goods and services produced by the economy as a whole.
Social Security Trust Fund - Wikipedia, the free encyclopedia
Good research. I think you understand the essentials. Knowing that why would you want to turn the whole proccess into a casino bet?
We could raise the retiirement age another 5 years.
Good research. I think you understand the essentials. Knowing that why would you want to turn the whole proccess into a casino bet?
We could raise the retiirement age another 5 years.
We could also make those that earn saleries of over $150,000 pay into the pot at the same rate as someone making 50,000 a year in wages. That inequity is far more unfair than changing the goal posts on people that have already planned meager resources for a set retirement age.
That inequity is far more unfair than changing the goal posts on people that have already planned meager resources for a set retirement age.
Yeah, damn this capitalist system that choses the defensless to beat up on.
It's almost comical but these adds by the Democrats terrorizing the old folks by the Democrat regime are something else..
Sheez.. if they weren't already terrorized enough by Obamacare now Democrats want to make it look like those mean old Republicans are going to take away Social Security, make them work until their 100 and make them eat dog food..
Demoncrats are playing all their scariest Halloween cards...
In total, 47 percent of House Republicans and 49 percent of Senate Republicans are on record supporting the privatization of Social Security.
ThinkProgress REPORT: 104 Republicans In Congress Want To Privatize Social Security
There is a list of 20 Republican senators and 84 Republican congressmen who are on the record in favor of privatizing Social Security.
What is wrong with you people when you start threads like this? How can you not know your own party's position?
If they don't want to privatize it, they want to end it altogether for being "unconstitutional".
It's almost comical but these adds by the Democrats terrorizing the old folks by the Democrat regime are something else..
Sheez.. if they weren't already terrorized enough by Obamacare now Democrats want to make it look like those mean old Republicans are going to take away Social Security, make them work until their 100 and make them eat dog food..
Demoncrats are playing all their scariest Halloween cards...
Yes, I've seen those ads too. They're ridiculous, but really no different than the ones Republicans are running "terrorizing" seniors over the Medicare cuts in ObamaCare.
Should the GOP ever attempt to privatize Social Security in our lifetime, they will be out of office the next term. This has nothing to do with its good or bad, it has to do with messing with the seniors' monies.
That inequity is far more unfair than changing the goal posts on people that have already planned meager resources for a set retirement age.
Yeah, damn this capitalist system that choses the defensless to beat up on.
Using partial quotes without clear reference is a no-no. Clean it up or it will be reported.
I see it came out "more" clearly..still you must use the whole post in your reference.
no, you do NOT have to use the whole postUsing partial quotes without clear reference is a no-no. Clean it up or it will be reported.
I see it came out "more" clearly..still you must use the whole post in your reference.
It's almost comical but these adds by the Democrats terrorizing the old folks by the Democrat regime are something else..
Sheez.. if they weren't already terrorized enough by Obamacare now Democrats want to make it look like those mean old Republicans are going to take away Social Security, make them work until their 100 and make them eat dog food..
Demoncrats are playing all their scariest Halloween cards...
Yes, I've seen those ads too. They're ridiculous, but really no different than the ones Republicans are running "terrorizing" seniors over the Medicare cuts in ObamaCare.
They cut 960 billion dollars from medicare and added 30 million more people. Now WHO do you think is gonna lose out? Seniors that's who. Seniors are gonna vote your dumb demoRats out of office. They're old, not dead. Too fucking bad.
Yes, I've seen those ads too. They're ridiculous, but really no different than the ones Republicans are running "terrorizing" seniors over the Medicare cuts in ObamaCare.
They cut 960 billion dollars from medicare and added 30 million more people. Now WHO do you think is gonna lose out? Seniors that's who. Seniors are gonna vote your dumb demoRats out of office. They're old, not dead. Too fucking bad.
Liar. They didn't cut any current medicare. What they did was freeze payments in part two (advantage) in the future which is that scam the HMO's charge as a supplimental policy.
Willow you are so full of shit. You really need to do your own research. This kindof crap gets started in your fascist think tanks and pieces of shit like Karl Rove and The Orange Boner keep flushing it downstream until a halfwit like you reads it or hears if from Fox and the next thing you know Willow the genius is passing it off as fact. I'm not going to debate this point. You are fucking wrong! Stop being such a damn tool.
... or....
That inequity is far more unfair than changing the goal posts on people that have already planned meager resources for a set retirement age.
Yeah, damn this capitalist system that choses the defensless to beat up on.
HUGGY said:Using partial quotes without clear reference is a no-no. Clean it up or it will be reported.
I see it came out "more" clearly..still you must use the whole post in your reference.
Should the GOP ever attempt to privatize Social Security in our lifetime, they will be out of office the next term. This has nothing to do with its good or bad, it has to do with messing with the seniors' monies.
Wanna fucking bet. People sat and watched you rip off 960 billion dollars from people who had spent a lifetime paying into the system and giving it to someone else. Do you think they want to just let you rip off their social security?
Should the GOP ever attempt to privatize Social Security in our lifetime, they will be out of office the next term. This has nothing to do with its good or bad, it has to do with messing with the seniors' monies.
Wanna fucking bet. People sat and watched you rip off 960 billion dollars from people who had spent a lifetime paying into the system and giving it to someone else. Do you think they want to just let you rip off their social security?
Your numbers are fake, and the seniors will vote anyone out who touches their money, period. The guy you are listening to doesn't know his butt from a hole in the ground. Do your own research.
Yes, I've seen those ads too. They're ridiculous, but really no different than the ones Republicans are running "terrorizing" seniors over the Medicare cuts in ObamaCare.
They cut 960 billion dollars from medicare and added 30 million more people. Now WHO do you think is gonna lose out? Seniors that's who. Seniors are gonna vote your dumb demoRats out of office. They're old, not dead. Too fucking bad.
Liar. They didn't cut any current medicare. What they did was freeze payments in part two (advantage) in the future which is that scam the HMO's charge as a supplimental policy.
Willow you are so full of shit. You really need to do your own research. This kindof crap gets started in your fascist think tanks and pieces of shit like Karl Rove and The Orange Boner keep flushing it downstream until a halfwit like you reads it or hears if from Fox and the next thing you know Willow the genius is passing it off as fact. I'm not going to debate this point. You are fucking wrong! Stop being such a damn tool.
