we need to privatize Social Security, my friends

[mudwhistle]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

This is what Democrats cheered about when Bush said he had to give up on privatizing SS.
Social Security is being pilfered by Congress.
Most of our money is added to the debt every year....Obama stole trillions from the fund.
Eventually they will tell us that all of that cash is just gone and we need to forget about it.

ODS rears its stupid, uninformed head again...

https://www.quora.com/How-much-has-each-president-since-1983-borrowed-from-Social-Security

Uh.....just because a previous president borrowed from it, does that excuse taking trillions from the fund???

Well, in the mind of a Democrat,.....yes it does.

And your link says Obama used every penny to pay benefits.....but it forgets to say who's benefits it paid. How much went to paying union benefits, refugee benefits, illegal immigrant's benefits?
And where did Obama get $32 billion to send to Iran???
Where did he get his hundreds of millions to pay illegal's legal fees??

Wow..that link also doesn't say anything about the face eating lizard people from Zargon, but what are ya gonna do?

Sorry if logic isn't in your vocabulary.

 

[ErikViking]

It’s an interesting idea. Perhaps should people invest in this company- to their ability of course. This company could then administer services that are too expensive or complex for an average citizen on his own?

We could like... buy equipment and vehicles together this way? And a few of us could man this equipment to fight fires?

Or, we set up some vigilantes, but dress them coherent - so that everyone know that these men are our vigilantes? Our company-security people!

If we all invested in this company it could sort of spread the risk and we could sponsor it in solidarity.

Maybe the logo of this company should even be printed on some fabric, so we can show that out specific group is united?

We could participate in sport events, wearing clothes and waving this flag? Perhaps even have a company song, that all of us can sing together?

 

[basquebromance]

HSA's are another good idea. the competition for patients would help keep costs down.

we need to let seniors purchase their own health care through a private plan. premium support. just like members of congress get their health care.

 

[Andylusion]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

So, that is not going to happen. Government is dependent on that revenue, as it has been since the 1930s when the program was created.

As long as that money is in the government, they are going to use it.

Just think about it logically.

Say we have another recession. Tax revenue drops. There is a shortage of money to pay government expenses like Medicare.

You can do one of the following.

A: They can cut Medicare, because we don't have the money.
B: They can increase taxes during a recession.
C: They can use the money from Social Security, and no one will notice.

If they do A, then the public screams, and they get voted out.
If they do B, then the public screams, and they get voted out.

If they do C, then everyone says "They are funding Medicare and helping us!"

Do you really think they are going to pass a law, that prevents them from avoiding being voted out of office?

Of course not. The only solution is to remove our money, from their hands. When they don't have our money, they can't use it for their own advancement.

No I do not as I have sad. Is this thier fault our is it the voting public? If the voting public sent a message we do not care about R or D in front of the bill and voted them out when they raid it it would work. Right now divide the public and do what the **** ya want. I geuess I can not blame them I have used the stratigy my self on people. Get them pissed at each other and I do what I want. I was a child when that stratigy was deployed but ut was effective if ya got no concience.

No it would not.

First, you seem to have a strange idea of what 'raiding social security' means.

There is no "event" where congress raids social security. You cannot point to a specific bill, or legislative action, that "raids social security".

Why? Because social security has operated the exact same way, since the day it was created in 1935. I'm not sure why so many people are unaware of this, but Social Security money going to the Federal government, is how Social Security operates. Always has.

https://www.amazon.com/High-Cost-Good-Intentions-Entitlement/dp/1503603547/?tag=usmb-20

There is a book called High Cost of Good Intentions, which talks about the entire history of Social Security.

There was never a time throughout all Social Security history, where money went to a special "Trust Fund". There was never a time, when the money collected by the IRS, did not go to the general funds. There was never a time, where there was a fund with assets in it. There was never a time, where Social Security recipients were not paid by from funds from the US Federal Government.

Social Security has operated the same way, since the time it was created.

There is no 'raiding' going on. This is how the program is supposed to work.

All tax money, goes to the same place. It goes to tax accounts at banks. Not different accounts at the same bank, but one IRS tax account at all participating banks. All the money goes to the same account.

The tax money collected from the corporation you work for, and the tax money from your income taxes, and the tax money from the excise tax on the gas you put in your car, and the tax money from tariff on the car parts used to make your car..... all that tax money goes to the exact same account as your social security tax money. It's one gigantic pot of tax money.

Similarly, when the government pays for Food stamps, Military, Green Energy programs, Health care and so on.... all that money used to pay for all those things, comes from the exact same account that is used to pay for Social Security.

There is no "raiding" going on. There is nothing exactly to raid. If you formed a group of robbers, and planned to go and steal all the money from the Social Security Trust fund, you would end up with nothing. Because there is nothing. There is no trust fund to be hijacked and stolen.

And while I'm attacking myths....

LBJ didn't do anything to Social Security. He didn't legalize theft, or anything. That's all mythology.

Before LBJ, the government had been putting Social Security as an off budget item. LBJ put social security back on the budget. Which is how it should be.

But whether Social Security is on budget, or off budget, doesn't change how anything workers.

 

[basquebromance]

drain the swamp? DRAIN THE SWAMP?

some folks think if we just kicked all the bums out of washington everything would be solved.

while there are bums...who need to be kicked out...that wouldnt solve the problem.

 

[rightwinger]

To everyone wanting to privatize

Are you willing to give up the Social Security benefits you have earned so that future generations can build their private nest egg?

 

[danielpalos]

To everyone wanting to privatize

Are you willing to give up the Social Security benefits you have earned so that future generations can build their private nest egg?

I prefer to solve for an actual economic dilemma. Capitalism's natural rate of unemployment. We could phase out social security eventually.

 

[emilynghiem]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

basquebromance

Why not let taxpayers choose what programs through which they want to invest in their health care and retirement?

So if liberal Democrats want to pool resources through a govt based program, they can fund that
and democratically decide terms of services, including recognizing LGBT but not requiring Christian standards.

If others want to pay for prolife and no-drug policies, they should be able to fund and run programs they believe meet their standards.

Whatever you believe in funding, you pay for yourself and agree to be under those terms.
And let others do the same. So the best programs that offer the best incentives and cost effective services
should gain more customers by free market. Let people choose,
including people who believe in Govt run benefits and health care. if you want it, you fund and run it.
But don't force that on anyone else who wants other terms of services!

 

[rightwinger]

To everyone wanting to privatize

Are you willing to give up the Social Security benefits you have earned so that future generations can build their private nest egg?

I prefer to solve for an actual economic dilemma. Capitalism's natural rate of unemployment. We could phase out social security eventually.

We still have tens of million counting on their SS benefit checks

Money has to come from somewhere

 

[rightwinger]

How do we privatize?
Money has to come from somewhere

Do we tell retirees that we will stop sending checks?

Do we tell working Americans that all the money they paid in to SS will get them no benefits

Do we tell those entering the workforce that they now need to pay double

 

[danielpalos]

To everyone wanting to privatize

Are you willing to give up the Social Security benefits you have earned so that future generations can build their private nest egg?

I prefer to solve for an actual economic dilemma. Capitalism's natural rate of unemployment. We could phase out social security eventually.

We still have tens of million counting on their SS benefit checks

Money has to come from somewhere

once it becomes a "known quantity" we could simply raise junk bonds, not junk laws to bailout that program.

 

[Lesh]

Social Security works. It has worked for nearly a hundred years and Republicans have been trying to kill it for nearly 100 years.

You REALLY want to put your retirement into the stock market?

You don't remember or can't google what happened in 2008?

You're a market genius?

Please.

Chile DID this and it was an unmitigated disaster

 

[rightwinger]

Social Security works. It has worked for nearly a hundred years and Republicans have been trying to kill it for nearly 100 years.

You REALLY want to put your retirement into the stock market?

You don't remember or can't google what happened in 2008?

You're a market genius?

Please.

Chile DID this and it was an unmitigated disaster

People can still put retirement money into the stock market tax free

 

[boedicca]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

 

[rightwinger]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

 

[danielpalos]

Social Security works. It has worked for nearly a hundred years and Republicans have been trying to kill it for nearly 100 years.

You REALLY want to put your retirement into the stock market?

You don't remember or can't google what happened in 2008?

You're a market genius?

Please.

Chile DID this and it was an unmitigated disaster

What if, a person could apply for unemployment compensation for simply being unemployed in our at-will employment States? Solving for a market based phenomena must be market friendly.

 

[boedicca]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

No, originally, there were nearly 160 taxpayers per beneficiary, resulting in a surplus. Once the ratio fell below 4, the Ponzi Scheme started to unravel - and it was further exacerbated by Congress spending the money on non-SS programs and stuffing the "trust fund" with IOUs.

Social Security History

 

[Lesh]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

No, originally, there were nearly 160 taxpayers per beneficiary, resulting in a surplus. Once the ratio fell below 4, the Ponzi Scheme started to unravel - and it was further exacerbated by Congress spending the money on non-SS programs and stuffing the "trust fund" with IOUs.

Social Security History

How it works was already explained to you.

And it does work

 

[rightwinger]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

No, originally, there were nearly 160 taxpayers per beneficiary, resulting in a surplus. Once the ratio fell below 4, the Ponzi Scheme started to unravel - and it was further exacerbated by Congress spending the money on non-SS programs and stuffing the "trust fund" with IOUs.

Social Security History

It is not a Ponzi scheme and it is solvent

Won’t be if current taxpayers stop paying in

 

[boedicca]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

No, originally, there were nearly 160 taxpayers per beneficiary, resulting in a surplus. Once the ratio fell below 4, the Ponzi Scheme started to unravel - and it was further exacerbated by Congress spending the money on non-SS programs and stuffing the "trust fund" with IOUs.

Social Security History

How it works was already explained to you.

And it does work

No, it doesn't work. We already have plenty of evidence that it is cratering.

Your lack of understanding of basic math hampers you, bub.