The Social Security Conundrum

Discussion in 'US Constitution' started by DGS49, Apr 15, 2018.

  1. Anathema
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    Anathema Crotchety Olde Man

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    Good for you. Go tilt with that windmill. See how far you get.

    All I want us for them to stop taking the money going forward. That's a pipe dream by itself, but getting anything back is high fantay.
     
  2. flacaltenn
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    flacaltenn Senior Mod Staff Member Senior USMB Moderator Gold Supporting Member

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    Difference was the Repub proposals, many of which came from Libertarian think tanks had an important distinction. And that was because at the TIME -- SS was running huge SURPLUSES which were being squandered and laundered to have the APPEARANCE of "lowering the yearly deficits". Which was a TOTAL bookkeeping fraud and theft.

    The plans all centered around USING THE SURPLUSES to defer future liabilities to the plan. Allowing folks to use a SMALL portion of their FICA tax to invest in pension funds like Toro suggested. ---- In exchange for them taking less benefits at retirement. Would have LESSENED the theft of surplus from working poor Americans and greatly LEVERAGED future system liquidity.

    Can't do that now. Because we are IN the crisis that everybody knew was coming. And $50Bill surpluses have already turned into $50Bill deficits. And the $100Bill SWING in the ACTUAL treasury budget has to be funded by floating NEW debt every year.
     
  3. Jarlaxle
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    Jarlaxle Gold Member

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    Nope. It's gone forever.
     
  4. Jarlaxle
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    Jarlaxle Gold Member

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    Naah...it's just a Ponzi scheme.
     
  5. regent
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    regent Gold Member

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    Thank God for that. All these years I thought maybe it was communistic but now I find it's only a scheme. So Republicans have lied to us since 1935.
     
  6. Humorme
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    Humorme VIP Member

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    So if you are affluent, you get to pay in, but not get any of your money back? Are you really advocating socialism?
     
  7. Zander
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    Zander Platinum Member

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    My 2 cents. SS is never going to get properly fixed BUT it not going to go away any time soon.

    My guess is they'll raise the age gradually and they'll raise the threshold of income that is subject to the tax. Then they'll raise the tax paid by EMPLOYERS. Finally the tax paid by Employees.

    Each of these moves will increase the life of the program and ensure it survives.

    As for getting back the Trillions of $$$ they've raided from the program? :rofl:
     
  8. Mr Clean
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    Mr Clean Gold Member

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    Give me everything I’ve paid into over the years, (plus a reasonable rate of return) and I’ll gladly opt out.
     
  9. DGS49
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    DGS49 Gold Member

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    Repeat after me: "THERE IS NO TRUST FUND!" It is a tax. The money goes into the General Fund. It always has. There was never any "surplus." That was just a fiction to make people forget that their payments were being pissed away as soon as paid, and make them think it was somehow being held for them.

    The talk about Social Security running out of funds sometime in the future is a silly, insidious accounting charade.

    The statements you get, telling you how much you have paid are a joke. That money is GONE. It is the same as if they did the same thing with your FIT. It would be meaningless.
     
  10. regent
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    regent Gold Member

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    Does anyone remember when Social Security was not running out of funds?
     

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