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Started By
Message
re: I think it's time for America to cut social security altogether (serious)
Posted on 8/13/24 at 12:10 pm to NC_Tigah
Posted on 8/13/24 at 12:10 pm to NC_Tigah
It goes into the trust fund, which has a limited selection of options where to invest the money, under direction of the trustee.
Again, it goes into a general fund for the program.
You're describing how the money in the fund is permitted to be invested.
Then these amounts are put in another fund, which is where the payments are coming from.
You're using semantics to create the aforementioned framing.
Again, it goes into a general fund for the program.
You're describing how the money in the fund is permitted to be invested.
Then these amounts are put in another fund, which is where the payments are coming from.
You're using semantics to create the aforementioned framing.
1
Posted on 8/13/24 at 12:11 pm to SlowFlowPro
quote:Different meme.
Pay me back everything I have paid into it plus an appropriate rate of return
"An appropriate rate of return" would increase current payouts by 25-50%.
Posted on 8/13/24 at 12:12 pm to NC_Tigah
quote:
Different meme.
Only slightly.
quote:
An appropriate rate of return" would increase current payouts by 25-50%
Yes it increases the absurdity of the sincerity of the proposal, but the general meme (repay me what I've paid) is still there.
And it's not an option in any way, shape, or form.
Posted on 8/13/24 at 12:16 pm to FLTech
Stop, NOW, giving money, medical, and whatever to illegal aliens.
Problem solved.
Oh, and giving any money to any other country.....including Ukraine.
Problem solved.
Oh, and giving any money to any other country.....including Ukraine.
Posted on 8/13/24 at 12:17 pm to Bandit1980
quote:
Stop, NOW, giving money, medical, and whatever to illegal aliens.
Problem solved.
Oh, and giving any money to any other country.....including Ukraine.
This is the other meme.
Much more silly and illogical.
Posted on 8/13/24 at 12:18 pm to SlowFlowPro
LINK
We’ve given billions of $ to Afghanistan and the Taliban since we pulled out. Billions of $ to Ukraine. Billions of $ to other countries. Pissed away $340 million building a floating pier in Gaza that fell apart.
Stop giving our damn money away.
We’ve given billions of $ to Afghanistan and the Taliban since we pulled out. Billions of $ to Ukraine. Billions of $ to other countries. Pissed away $340 million building a floating pier in Gaza that fell apart.
Stop giving our damn money away.
Posted on 8/13/24 at 12:18 pm to SlowFlowPro
quote:Nope. The "trust fund" is nothing but an accounting of the debt OBLIGATIONS incurred. Thinking of the SSTF as a physical space where money, treasuries, etc are stored is as silly as Kamala thinking a vast network of servers, AKA "the cloud," is something ethereal in the sky.
It goes into the trust fund
Posted on 8/13/24 at 12:19 pm to riverdiver
quote:
We’ve given billions of $ to Afghanistan and the Taliban since we pulled out. Billions of $ to Ukraine. Billions of $ to other countries. Pissed away $340 million building a floating pier in Gaza that fell apart.
Stop giving our damn money away.
The 2nd meme, almost B2B!
Posted on 8/13/24 at 12:21 pm to NC_Tigah
quote:
Thinking of the SSTF as a physical space where money, treasuries, etc are stored is as silly as Kamala thinking a vast network of servers, AKA "the cloud," is something ethereal in the sky.
The taxes go into the fund
The trustee directs the funds to statutorily-approved public "investments", issued by the US Treasury. The tax funds are then held by Treasury, and the redistributive payments are made from this secondary fund.
In no way does this affect the Constitutionality of modifying the program, nor truly distinguishing it from other tax/spend redistributive programs
And, most of all (for the digression), this process in NO way creates any personalized connection between the amount taxed and amount(s) received
This post was edited on 8/13/24 at 12:22 pm
Posted on 8/13/24 at 12:21 pm to 14&Counting
quote:
If not I want my full benefits
What does this mean? You get full benefits when you are 67 or whatever the age is for your group. Take it before and it is a partial benefit. Nobody is going to pay you back your principal amount with interest.
Posted on 8/13/24 at 12:23 pm to riverdiver
quote:
We’ve given billions of $ to Afghanistan and the Taliban since we pulled out. Billions of $ to Ukraine. Billions of $ to other countries. Pissed away $340 million building a floating pier in Gaza that fell apart.
Stop giving our damn money away.
The US gave around $18 Billion to the UN in 2022. We spent $6.3 Trillion that same year.
$1.2 Trillion on SS
$747 Billion on Medicare
$592 Billion on Medicaid
$581 Billion on income security programs
$482 Billion on Student Loan Programs
$475 Billion on Net Interest.
$751 Billion on defense
$910 billion on discretionary non-military spending.
So our UN dues were less than 0.3% of our expenditures and wouldn't even pay a small fraction of our interest.
You're straining the gnat and swallowing the camel.
2022 Federal Expenditures
ETA: Fixing my math. It's 0.3% not 3%
This post was edited on 8/13/24 at 12:30 pm
Posted on 8/13/24 at 12:25 pm to YouKnowImRight
quote:
It was never intended to be a pension, annuity, retirement,
It was intended to be a safety net. If you would read a book or two you would know that.
There is still time to cure your ignorance.
Posted on 8/13/24 at 12:25 pm to SlowFlowPro
quote:AKA US Debt OBLIGATIONS.
statutorily-approved public "investments", issued by the US Treasury
Now tell us what happens to other tax money, including that directed to "welfare" programs, when it hits DC. Is any of it converted into US Debt OBLIGATIONS? Is a single 1¢ converted into a US Debt obligation?
Posted on 8/13/24 at 12:28 pm to La Place Mike
quote:It was a government borrow from the US workforce MARKETED as a safety net.
It was intended to be a safety net.
Posted on 8/13/24 at 12:28 pm to La Place Mike
quote:
It was intended to be a safety net. If you would read a book or two you would know that.
For who? People who either didn't work or could no longer work.
So again, it was taking from people who worked to pay people who didn't. You can call that a safety net, but it's wealth redistribution like every other government welfare program.
Posted on 8/13/24 at 12:31 pm to YouKnowImRight
quote:
Then go look at the federal budget
Social Securty is not funded from the Federal Budget. It's a pay as you go plan. If you would only bread a book or two. Maybe read articles from the site I posted you could cure your ignorance instead of screaming at clouds.
Posted on 8/13/24 at 12:33 pm to La Place Mike
quote:
Social Securty is not funded from the Federal Budget. It's a pay as you go plan. If you would only bread a book or two. Maybe read articles from the site I posted you could cure your ignorance instead of screaming at clouds.
But all excess funds in the past were spent on other things. In essence surpluses were part of a budget spend.
I can't find this information. Searches take me everywhere but here. And that is how much money has SS taken in during the life of the program? And, how much money has been paid out in benefits? If anyone can find this, let me know. TaxingAuthority?
This post was edited on 8/13/24 at 12:38 pm
Posted on 8/13/24 at 12:33 pm to YouKnowImRight
quote:
The US gave around $18 Billion to the UN in 2022. We spent $6.3 Trillion that same year.
$1.2 Trillion on SS
$747 Billion on Medicare
$592 Billion on Medicaid
$581 Billion on income security programs
$482 Billion on Student Loan Programs
$475 Billion on Net Interest.
$751 Billion on defense
$910 billion on discretionary non-military spending.
So our UN dues were less than 0.3% of our expenditures and wouldn't even pay a small fraction of our interest.
You're straining the gnat and swallowing the camel.
2022 Federal Expenditures
ETA: Fixing my math. It's 0.3% not 3%
Just noticed something else.
In 2022 we spent $2.54 trillion on SS, Medicare, Medicaid.
We took in $1.5 trillion in payroll taxes.
That means we had a $1 trillion deficit in entitlement spending.
That's a lot more than our entire military budget.
This post was edited on 8/13/24 at 12:34 pm
Posted on 8/13/24 at 12:34 pm to La Place Mike
reparations for the young.
never work out .....
never work out .....
Posted on 8/13/24 at 12:36 pm to John Madden SuperFan
The problem is Social Security Disability. The government has made it to easy for people to get on SSDI and they give the funds away to undeserving people and immigrants.
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