Are you a Boomer? Congratulations, You Won the Economy!

[BlindBoo]

By law excess SS funds in the trust must be sold to the federal government as Special T-Bills and those T-Bills are held earning interest for later cash out.

The revenue from the T-Bills is available for spending. They exist in the Trust as an IOU accumulating interest.

WW

Excess is the key. We pay interest to all investors. The SS fund is an investor in funding the deficit spending, and it receives interest on that, like any other investor. It is not contributing to the debt by any other means.

 

[citygator]

If you are all that, why be on these forums?

I like to debate.

 

[Delldude]

They take money for many investors, including foreign nations. US treasuries are still the best investment they can make.

So if China buy our Treasuries notes, does that mean China is contributing to the US debt. Of course they are selling the notes they have now but that doesn't do add to the debt, except for the interest we have to pay....

As I said SS is pay as you go. Even when the excess funds are completely exhausted, it will not increase the yearly deficit or increase the debt, because by law it is not allowed to dip into the general fund to pay benefits. The benefits will be limited to the amount citizen pay into the fund.

I'm lovin' your sideshows.

 

[Mikeoxenormous]

Mike, I have 3 degrees from 2 of the finest institutions in the country and am a C-suite exec for a multibillion corp. You dragged your knuckles at a blue collar job your whole life and are now a blood sucking SS drain. I welcome your support of the GOP which screws people like yourself and benefits me. I appreciate your service. The fact that the GOP can scare you into doing this is a total miracle for my wealth build. Thanks again.

Drag my knuckles? I actually worked for a living fixing F-15 fighter jets, which eventually got me over in Saudi Arabia where i was making 10s of thousands of dollars, tax free. During that time i heavily invested into Home Depot stock which was around 35 dollars a share and also McDonald Douglas stocks, so by the time i got back, i was quite wealthy and was able to invest in Yahoo, Chipotle, Exxon , and even big pharma stocks. So my portfolio and income on dividends is 6 figures, and only have to pay 20% income tax on that. As for sucking social security, during my 42 years of work, i contributed my fair share into that forced retirement, and now am taking it as age 67. Now my question is "Why is Social Security having funding issues, but welfare never does".

 

[Mikeoxenormous]

I worked late last night. We are slipping in as much imports into the country tariff free in the days that it takes for customs to drop the old tariffs and post the new ones. Its a nice little loop hole in the process. Sadly we only have a few million at the port right now that will benefit us.

What is your question? Something about taxes?

slipping in as much imports into the country tariff free in the days that it takes for customs to drop the old tariffs and post the new ones. Its a nice little loop hole in the process.

So much for paying your fair share. Do as i say not as i do, right?

 

[Delldude]

So much for paying your fair share. Do as i say not as i do, right?

Sounds like Captain America is screwing the country he hates so much.

 

[Delldude]

I like to debate.

Need practice, 'eh?

 

[citygator]

Ilmao at Citygator has bunches of degrees from the finest he says.

Nothing quite like that validation liberals have destroyed education...******* gator never says anything beyond he's just another rock dumb lib. Democrat bouncing around an echo chamber

Please. My record here is a record of destroying your arguments (insults really) with links and data. Keep crying loser.

 

[citygator]

Drag my knuckles? I actually worked for a living fixing F-15 fighter jets, which eventually got me over in Saudi Arabia where i was making 10s of thousands of dollars, tax free. During that time i heavily invested into Home Depot stock which was around 35 dollars a share and also McDonald Douglas stocks, so by the time i got back, i was quite wealthy and was able to invest in Yahoo, Chipotle, Exxon , and even big pharma stocks. So my portfolio and income on dividends is 6 figures, and only have to pay 20% income tax on that. As for sucking social security, during my 42 years of work, i contributed my fair share into that forced retirement, and now am taking it as age 67. Now my question is "Why is Social Security having funding issues, but welfare never does".

Cool. My Dad was a pilot who flew F4s and F14s. Hey if you are wealthy congrats! This administration is working for you and I wont give you a hard time about supporting Trump. The fact is people like you, I totally get. You accept all the disgusting things Trump does because we are getting a big tax cut. I don’t agree with you but I understand it.

It’s the rubes who are working for a living and voting for Trump that crack me up. They are steadfast supporters of us getting tax breaks. Uh.. ok. I’ll take them too.

As far as SS… you may have paid something to the government but they spent it. We are now borrowing money we don’t have while you take a SS distribution. You didnt pay enough taxes while you worked for all the other stuff so there is no SS money… we are borrowing to pay you the stipend you legislated but didnt pay for.

 

[Mikeoxenormous]

Cool. My Dad was a pilot who flew F4s and F14s. Hey if you are wealthy congrats! This administration is working for you and I wont give you a hard time about supporting Trump. The fact is people like you, I totally get. You accept all the disgusting things Trump does because we are getting a big tax cut. I don’t agree with you but I understand it.

It’s the rubes who are working for a living and voting for Trump that crack me up. They are steadfast supporters of us getting tax breaks. Uh.. ok. I’ll take them too.

As far as SS… you may have paid something to the government but they spent it. We are now borrowing money we don’t have while you take a SS distribution. You didnt pay enough taxes while you worked for all the other stuff so there is no SS money… we are borrowing to pay you the stipend you legislated but didnt pay for.

You do realize that under obama that the rich got much richer and the poor got more poorer?

Obamanomics: Rich Get Richer, Everyone Else Poorer

When President Obama first ran in 2008, he claimed his economic policies would "foster economic growth from the bottom up and not just from the top down." He said he'd... Read More

www.investors.com

Then when President Trump got in, wealth got fairer.

3 Policies From Trump’s First Term That Helped the Middle Class Build Wealth

Job growth and stock market performance played their parts.

www.gobankingrates.com

Then when the Biden campaign working with China released the Kung Flu so the 2020 election could be stolen, in 2021 the Green New Scam was passed by Biden and every democrat but not one Republican, the solar and wind farm CEOS got billions of tax dollars, while making only 6 charging stations, and causing massive inflation that hurt everyone, except the billions that went to Somalis in Minn, where they became instant millionaires while work class people were struggling paycheck to paycheck.

‘Schemes stacked upon schemes’: $1B public benefits fraud fuels scrutiny of Minnesota’s Somali community

Minnesota fraud schemes involving hundreds of millions in stolen taxpayer money spark House investigation and intense scrutiny of Tim Walz administration.

www.foxnews.com

It is people like you who vote for the dumbass democrat elites, get them in office, then those assholes funnel tax payer monies to people who never should of been here in the first place.

 

[Mikeoxenormous]

Cool. My Dad was a pilot who flew F4s and F14s. Hey if you are wealthy congrats! This administration is working for you and I wont give you a hard time about supporting Trump. The fact is people like you, I totally get. You accept all the disgusting things Trump does because we are getting a big tax cut. I don’t agree with you but I understand it.

It’s the rubes who are working for a living and voting for Trump that crack me up. They are steadfast supporters of us getting tax breaks. Uh.. ok. I’ll take them too.

As far as SS… you may have paid something to the government but they spent it. We are now borrowing money we don’t have while you take a SS distribution. You didnt pay enough taxes while you worked for all the other stuff so there is no SS money… we are borrowing to pay you the stipend you legislated but didnt pay for.

Why is it Social Security always seem to go bankrupt, but welfare never does?

 

[citygator]

You do realize that under obama that the rich got much richer and the poor got more poorer?

Obamanomics: Rich Get Richer, Everyone Else Poorer

When President Obama first ran in 2008, he claimed his economic policies would "foster economic growth from the bottom up and not just from the top down." He said he'd... Read More

www.investors.com

Yes. It’s been a trend since the 90’s when wealthy GOP leaders convinced rank and file working class folks that taxing the wealthy was communism. We haven’t recovered yet. I mean this site is full of people worried they’ll be a communist if I pay $370,00 in taxes vs $340,000.

Then when President Trump got in, wealth got fairer.

3 Policies From Trump’s First Term That Helped the Middle Class Build Wealth

Job growth and stock market performance played their parts.

www.gobankingrates.com

Not a prayer. Wealth consolidation continues. Tariffs are regressive.

Then when the Biden campaign working with China released the Kung Flu so the 2020 election could be stolen, in 2021 the Green New Scam was passed by Biden and every democrat but not one Republican, the solar and wind farm CEOS got billions of tax dollars, while making only 6 charging stations, and causing massive inflation that hurt everyone, except the billions that went to Somalis in Minn, where they became instant millionaires while work class people were struggling paycheck to paycheck.

‘Schemes stacked upon schemes’: $1B public benefits fraud fuels scrutiny of Minnesota’s Somali community

Minnesota fraud schemes involving hundreds of millions in stolen taxpayer money spark House investigation and intense scrutiny of Tim Walz administration.

www.foxnews.com

******* nuts dude. Pull your ass out of 4chan. I don’t know many wealthy conspiracy theorists. That is normally a coping mechanism for people who lack agency and power. I smelling something fishy.

It is people like you who vote for the dumbass democrat elites, get them in office, then those assholes funnel tax payer monies to people who never should of been here in the first place.

i spend zero time thinking about my taxes. They don’t affect my life in any meaningful way. Whether I put $30,000 more or less into savings or investments due to my tax bill will not change my life one bit. Of course I try to pay the least I legally can just like I don’t overpay for cars.

You sure are worried about a lot for a rich dude.

 

[Mikeoxenormous]

Yes. It’s been a trend since the 90’s when wealthy GOP leaders convinced rank and file working class folks that taxing the wealthy was communism. We haven’t recovered yet. I mean this site is full of people worried they’ll be a communist if I pay $370,00 in taxes vs $340,000.

Not a prayer. Wealth consolidation continues. Tariffs are regressive.

******* nuts dude. Pull your ass out of 4chan. I don’t know many wealthy conspiracy theorists. That is normally a coping mechanism for people who lack agency and power. I smelling something fishy.

i spend zero time thinking about my taxes. They don’t affect my life in any meaningful way. Whether I put $30,000 more or less into savings or investments due to my tax bill will not change my life one bit. Of course I try to pay the least I legally can just like I don’t overpay for cars.

You sure are worried about a lot for a rich dude.

Look at the spending you lefties complained about under Bush

U.S. National Debt Clock 2008

The revenues coming in were 2.5 trillion dollars,
The spending of the government 2.8 trillion dollars, thus bush doubling the debt in 8 years from 4 trillion to 9 tillion,

Look at the revenues of Biden 5.3 trillion dollars,
Now the spend of the government 7.08 trillion.

It isnt a taxing problem it is a ******* spending problem. Billions of dollars of fraud went to USAID and illegal immigrants in the US. Stop being such a retard and realize that democrats love to spend your tax dollars on people who never should get it, while you and i have to pay taxes for that very purpose. If we just got back to the government spending under Bush who had us in two wars and created DOHS, No CHild Left Behind, and Free Prescription drugs program, we would be 3 trillion dollars a year in the plus and in 10 years there would be no debt, and taxes would be a lot lower.

 

[IDIOCRACY]

Please. My record here is a record of destroying your arguments (insults really) with links and data. Keep crying loser.

It must be wonderful to be a liberal democrat, where you can say you've accomplished things without actually doing so.

 

[citygator]

Look at the spending you lefties complained about under Bush

U.S. National Debt Clock 2008

The revenues coming in were 2.5 trillion dollars,
The spending of the government 2.8 trillion dollars, thus bush doubling the debt in 8 years from 4 trillion to 9 tillion,

Look at the revenues of Biden 5.3 trillion dollars,
Now the spend of the government 7.08 trillion.

It isnt a taxing problem it is a ******* spending problem. Billions of dollars of fraud went to USAID and illegal immigrants in the US. Stop being such a retard and realize that democrats love to spend your tax dollars on people who never should get it, while you and i have to pay taxes for that very purpose. If we just got back to the government spending under Bush who had us in two wars and created DOHS, No CHild Left Behind, and Free Prescription drugs program, we would be 3 trillion dollars a year in the plus and in 10 years there would be no debt, and taxes would be a lot lower.

You guys are ridiculous. Explain this to me.

2000 Federal Revenue as a percent of GDP was 20%
2025 Federal revenue as a percent of GDP was 17%

If we were collecting 20% of the GDP in taxes and only cut 5% in spending the deficit would be cut by 70%.

But instead you want me to get more tax breaks OK.

 

[Delldude]

You guys are ridiculous. Explain this to me.

2000 Federal Revenue as a percent of GDP was 20%
2025 Federal revenue as a percent of GDP was 17%

If we were collecting 20% of the GDP in taxes and only cut 5% in spending the deficit would be cut by 70%.

But instead you want me to get more tax breaks OK.

Look at the bright side..... you'll be facing higher taxes to fix our problem we left you and competition with AI to keep your job.

 

[citygator]

Look at the bright side..... you'll be facing higher taxes to fix our problem we left you and competition with AI to keep your job.

Well, it took a while for you to realize that you are the baggage on this plane but I give you credit for taking the blue pill and waking up.

 

[Delldude]

Well, it took a while for you to realize that you are the baggage on this plane but I give you credit for taking the blue pill and waking up.

Your own claims...........LOL

Every day's a weekend.

 

[Mikeoxenormous]

You guys are ridiculous. Explain this to me.

2000 Federal Revenue as a percent of GDP was 20%
2025 Federal revenue as a percent of GDP was 17%

If we were collecting 20% of the GDP in taxes and only cut 5% in spending the deficit would be cut by 70%.

But instead you want me to get more tax breaks OK.

Ridiculous? You guys were all over George Bush 43 and how wasteful he was being by increasing the debt by .3 trillion dollars a year. Then under Obiden, 1.3 trillion was being spend every year where was the outrage then? Even with 5 trillion dollars coming in, if the spending was at Bush 43 levels there would be enough to pay down the debt. Democrats dont want that they want to bankrupt the US.

 

[Nostra]

How much? Give is some numbers:

The top 1% should pay _____% of the total income taxes.

The top 10% should pay _____% of the total income taxes.

The top 50 should pay _____% of the total income taxes.

Nothing from citygator

What a lying sack of vermin shit loser.