(08-18-2022 05:11 PM)JRsec Wrote:  

(08-18-2022 05:01 PM)stinkfist Wrote:  

(08-18-2022 04:49 PM)JRsec Wrote:  

(08-18-2022 04:33 PM)Fo Shizzle Wrote:  

(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".

A little more history is necessary here:

SSI was a Nationally sponsored mandatory "Savings Plan" which was full vested and deemed untouchable until Lyndon Johnson sponsored "The Great Society" program and borrowed from SSI funds to finance it. IOW, he robbed the elderly to pay for inner city giveaway programs, and he did so at the behest of FED backers who realized that the United States could one day kick them to the curb if SSI remained untouchable and therefore a NET asset against deficit spending which could keep the FED from gaining power. Since then, stealing from the taxpayers to buy voting blocs has been a standard for stealing more from the middle class in taxes.

It is another reason whiny nanny staters are hypocritical for blaming Boomers. Boomers mostly paid student loans. The nanny staters want them written off. That means they want freebies and biatch about SSI in the same breath. One the old people paid into. The other is what the young borrowed without expectation of repaying. You tell me who the free loaders are?

again, that Great Society rears it's ugly head .... LBJ and the monsters knew what they were doing ... if I could piss on his or any former presidential grave, he's at the top o' list ... and nobody else runs a close second...

the way the '60s played out politically was the continuation (as you defined in detail back to TR and the New Deal) --->>> today

@robPeterPayPaul#s

Let's look at who actually profited by the graft and theft:

1. MIC and FED as ballooning debt bought them excessive power.

2. Multi-national CEO's who bought our government and through them judges so the could kill the middle class and seize private resources.

3. College professors who jacked up their earnings x 4 over where they had been in the late 60's which is why these sheiskopfs are pro socialist. The couldn't face tomorrow without a damned pension and COLA!

4. All retailers selling cheap shoddy crap made in China by slave labor.

5. Our enemies who still can't believe we are this damned stupid!

always spot-on in scope ... however, the bold text is easily the most striking....

see my addendum: sometimes it takes me a minute to provide additional info ... your breadth in the knowledgebase far exceeds mine (sometimes it even hurts my medulla oblongata) ...

(08-18-2022 04:49 PM)JRsec Wrote:  

(08-18-2022 04:33 PM)Fo Shizzle Wrote:  

(08-18-2022 03:06 PM)olliebaba Wrote:  One way to stop SS is to put a cap on who gets benefits by stopping the taking of SS from our paychecks. Wait for how many oldsters who contributed every week to this benefit to die off. Stop taking it from people's paychecks at this point where they are awaiting what they put in. Why do you think they upped the age that one can get this benefit. Sure, they gave you the option of getting it at 62 and then they upped it to 65 and as far as I know they want to up it to 70. Fine, give that option but don't take it away from those who contributed and stop giving it to those who didn't give out a cent. Now the Demons want to give it to illegals. Do any Demons ever think?

There is no doubt that SS has expanded way beyond its original scope. It was not meant to be ones sole source of income. Way too many hands are now in the cookie jar that should not be. Its also been poorly managed and its ROI is incredibly low. Just a bit of forethought decades ago would have it in much better shape with a better ROI. All it does now is take from one worker and give it to a retiree. Eventually its going to implode upon itself due to people not having children that replace those retirees. At some point those in power will have to figure out how to fund it. Its not going away. Maybe just less money being spent on "Nation Building".

A little more history is necessary here:

SSI was a Nationally sponsored mandatory "Savings Plan" which was full vested and deemed untouchable until Lyndon Johnson sponsored "The Great Society" program and borrowed from SSI funds to finance it. IOW, he robbed the elderly to pay for inner city giveaway programs, and he did so at the behest of FED backers who realized that the United States could one day kick them to the curb if SSI remained untouchable and therefore a NET asset against deficit spending which could keep the FED from gaining power. Since then, stealing from the taxpayers to buy voting blocs has been a standard for stealing more from the middle class in taxes.

It is another reason whiny nanny staters are hypocritical for blaming Boomers. Boomers mostly paid student loans. The nanny staters want them written off. That means they want freebies and biatch about SSI in the same breath. One the old people paid into. The other is what the young borrowed without expectation of repaying. You tell me who the free loaders are?

Im fine with lowering interest rates and extending terms of the notes to help those that got caught up in the foolish.."Everyone has to go to college" nonsense. Im not in ANY way in favor of letting anyone escape paying those loans back. Its a Pandora's box that we just can't open. Once opened the flood of other things people want to be allowed to not pay back because of bad decisions will happen. If somehow fraud is shown in this I would consider changing my view. But that is about the only thing Id consider.

(08-18-2022 04:41 PM)MileHighBronco Wrote:  SS was set up as a government ponzi scheme. Only problem is that when it was set up, the # of workers contributing was far more than those receiving funds. IIRC it was something like 3:1 or 4:1. Now, there are far fewer workers paying in, which is when a ponzi scheme collapses.

Only this one has government backing. Oh, and as many have said over time, there is no SS fund. It all goes into the general fund. No lockbox.

I knew this 30 years ago and am amazed that SS is still around.

The fact that the government "borrowed" close to 18 billion from the trust fund with NO intentions of ever paying it back does not help either.

(08-18-2022 04:44 PM)stinkfist Wrote:  

(08-18-2022 04:41 PM)MileHighBronco Wrote:  SS was set up as a government ponzi scheme. Only problem is that when it was set up, the # of workers contributing was far more than those receiving funds. IIRC it was something like 3:1 or 4:1. Now, there are far fewer workers paying in, which is when a ponzi scheme collapses.

Only this one has government backing. Oh, and as many have said over time, there is no SS fund. It all goes into the general fund. No lockbox.

I knew this 30 years ago and am amazed that SS is still around.

hence, "boomers in #s" ... we were making wry fonzies of this bs back in HS ................. in the 'sip of all fk'n places .... chew on that for a brief moment....

addendum: don't kid yourself .... your 401k /roth is on deck...

You are probably right that some loon in Congress might consider it but if they try to come after 401k's it will be like coming after our firearms. Not a good idea if you want to live safely as a Congressman. I expect that idea will die a quick death.

(08-18-2022 04:23 PM)Fo Shizzle Wrote:  

(08-18-2022 02:33 PM)natibeast2.0 Wrote:  

(08-18-2022 02:24 PM)Fo Shizzle Wrote:  

(08-18-2022 02:18 PM)Native Georgian Wrote:  

(08-18-2022 02:10 PM)Fo Shizzle Wrote:  Mark it down. SS will NEVER be allowed to go bankrupt. It's the sacred cow of both gangs. They will do whatever is necessary to keep it funded.

That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.

Young people should be allowed to invest a portion of the money that is confiscated from them that props up this Ponzi scheme. One of the big problems coming is lack of workers to prop it up. We are going to at some point move into negative population growth and that kills this Ponzi scheme.

And that's why I can't stand liberals. What the F does that mean in reality/practicality besides so called classical lib wishful thinking that gets no one anywhere.

If you want to discuss problems fine but don't give bs resolutions that are impossible to implement to feel good about yourself

This was one of the better threads until...

Exactly why is that idea(which is not new...Bush pushed for it) so unrealistic? Why is letting young people be able to invest a portion into something that actually might get a decent ROI. SS is a fcking joke in regard to its ROI and we all know it.

Evidently you hated Barry Goldwater and Ronald Regan...both of which were "Classical Liberals" in every sense of the description. Id hardly say the things they stood for and policies they fought for were wishful thinking...but...you carry on pal.

Bush was/is fuggin tarded. Bought for Yale degree wippie do. If you haven’t noticed the vast majority of Republican Party is sick they cheered the idiot(s) on.

Yeah Ronny’s 3rd on my list since WWII. Did great work but not my exact ideology as he loved the power of big govt along with too many iffy ties. And dear lord Nixons B boy?

Anywho, re the actual topic you noted. Uh if you think congress would ever say f it let’s bankrupt ss earlier your out of your mind. Hell my generation would be pissed at the notion even if in long run it’s better than where we are at. SS is the ticking time bomb they’ll hold onto as long as possible until everything goes kaboom. Hopefully that boom starts in ‘24. Next

(08-18-2022 08:35 PM)natibeast2.0 Wrote:  

(08-18-2022 04:23 PM)Fo Shizzle Wrote:  

(08-18-2022 02:33 PM)natibeast2.0 Wrote:  

(08-18-2022 02:24 PM)Fo Shizzle Wrote:  

(08-18-2022 02:18 PM)Native Georgian Wrote:  That’s true, so far as it goes, but it doesn’t mean that the “benefits” will have the same value (or anything close to it) as the taxes you paid into the system when you were working.

Young people should be allowed to invest a portion of the money that is confiscated from them that props up this Ponzi scheme. One of the big problems coming is lack of workers to prop it up. We are going to at some point move into negative population growth and that kills this Ponzi scheme.

And that's why I can't stand liberals. What the F does that mean in reality/practicality besides so called classical lib wishful thinking that gets no one anywhere.

If you want to discuss problems fine but don't give bs resolutions that are impossible to implement to feel good about yourself

This was one of the better threads until...

Exactly why is that idea(which is not new...Bush pushed for it) so unrealistic? Why is letting young people be able to invest a portion into something that actually might get a decent ROI. SS is a fcking joke in regard to its ROI and we all know it.

Evidently you hated Barry Goldwater and Ronald Regan...both of which were "Classical Liberals" in every sense of the description. Id hardly say the things they stood for and policies they fought for were wishful thinking...but...you carry on pal.

Bush was/is fuggin tarded. Bought for Yale degree wippie do. If you haven’t noticed the vast majority of Republican Party is sick they cheered the idiot(s) on.

Yeah Ronny’s 3rd on my list since WWII. Did great work but not my exact ideology as he loved the power of big govt along with too many iffy ties. And dear lord Nixons B boy?

Anywho, re the actual topic you noted. Uh if you think congress would ever say f it let’s bankrupt ss earlier your out of your mind. Hell my generation would be pissed at the notion even if in long run it’s better than where we are at. SS is the ticking time bomb they’ll hold onto as long as possible until everything goes kaboom. Hopefully that boom starts in ‘24. Next

So Regan is cool and SS is doomed. Carry on bud.