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Pensacola Discussion Forum » General Discussion » Social Security...Stiff the geezers!

Social Security...Stiff the geezers!

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ZVUGKTUBM
2seaoat
Sal
Hospital Bob
TEOTWAWKI
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Markle

Markle

Bob wrote:The budget deal does nothing to reform spending on medicare and social security,  Sal.  That is the thing that's eventually going to bankrupt the country.
You younger people should be on that like dog flies on shit.  But you believe in Paul Krugman fairy tales.

Progressives won't allow anything to happen to Social Security, Medicare, Medicaid, any form of welfare from housing to cable TV.

Those are voters they can depend on keeping them in office and expanding Socialism.

Hospital Bob

Hospital Bob

Markle wrote:
Bob wrote:The budget deal does nothing to reform spending on medicare and social security,  Sal.  That is the thing that's eventually going to bankrupt the country.
You younger people should be on that like dog flies on shit.  But you believe in Paul Krugman fairy tales.

Progressives won't allow anything to happen to Social Security, Medicare, Medicaid, any form of welfare from housing to cable TV.

Those are voters they can depend on keeping them in office and expanding Socialism.

That is so convoluted.  The old farts who are the beneficiaries of social security and medicare don't vote for "progressives", markle.  The old farts vote republican.  The old farts on medicare and social security are about the only base the republicans still have.

Hospital Bob

Hospital Bob

2seaoat wrote:Ideological sissies.   Nobody is going to lose one damn dime of social security.

This is so ironic.  You have been saying for years how much you respect the ideas of Joe Scarborough.
If you watch his television show it would be obvious to you that the one issue he constantly pounds on is how worried he is about the future of social security and medicare.  And how those two items are more than anything else what is driving budget deficits.  And how unless the congress gets the political will to stop kicking that can down the road it will eventually lead to an entitlement trainwreck.  He talks about that all the time,  seaoat.  He puts guests on all the time to support that point.  He's almost like a broken record on it.
Is he a sissy who is afraid of boogeymen?

Floridatexan

Floridatexan

TEOTWAWKI wrote:http://www.garynorth.com/public/11875.cfm

My critic is typical of Tea Party supporters above the age of 65. He wants his welfare, and he wants to soak the rich to make sure he gets paid. This is the second-largest welfare state program in history, after Medicare, and he thinks it is a wonderful thing. He thinks he has both a moral and legal claim on other people's money. He hates the welfare state . . . except that portion of it which subsidizes him with other people's money. He has tens of millions of welfare recipients on his side. This is why the costs will grow, the deficits will grow, and the Social Security system will eventually go belly-up, taking with it a generation of fools who do understand that government IOUs are not money, and political promises are not an insurance program.

Social Security, Medicare, and Medicaid are why the federal government is steadily going bankrupt. The disparity -- unfunded liabilities -- between what the politicians have promised the voters and what must be paid out is around $200 trillion in present value. This is why, at some point, younger voters are going to send Congressmen to Washington with this command: "Stiff the geezers!" That is exactly what Congress will do.

I say: "The sooner, the better."

And I'm one of the geezers.

And you're nuts. I'm not saying there aren't abuses of SS, but SS is funded by both employer and employee contributions, and if you were self-employed, you paid both parts of that, so don't go acting like seniors are getting a handout. We paid in; we deserve to receive a return on that investment. We all worked for it.

Seaoat keeps pointing out that raising the top contribution level would substantially change the SS landscape...and he's right. The baby boomers won't be around forever, and the numbers of people receiving SS will eventually drop to more manageable levels. Meanwhile, the money that should be going to social programs has been spent on wars, or is budgeted for continual military expansion, or is given as subsidies to private corporations that don't need it (but it fattens the bottom line) or, in the case of pensions, has been stolen by the financial sector.

Floridatexan

Floridatexan

Sal wrote:Good lord, has there ever been a more entitled bunch of whiny-ass cowards as the Baby Boomers?

No, there has not.

You shit the mother fucking bed, then sit in it crying that the bed has been shat and the people coming to clean it up are bogeymen.

There are some people who fit that description...no doubt...but I'm not one of them. I worked; I paid in; I deserve to get out what I paid in...period. And I completely resent the implication that all baby boomers are the same...that is definitely not the case. I did not cause the economic problems, although some of my contemporaries absolutely did cause them...people I despise, like George W Bush, who really don't give a damn about anyone else.

boards of FL

boards of FL

TEOTWAWKI wrote:Social Security, Medicare, and Medicaid are why the federal government is steadily going bankrupt.



THE DEFENSE BUDGET


_________________
I approve this message.

Hospital Bob

Hospital Bob

boards of FL wrote:
TEOTWAWKI wrote:Social Security, Medicare, and Medicaid are why the federal government is steadily going bankrupt.



THE DEFENSE BUDGET

Federal outlays 2012

Social Security...Stiff the geezers! - Page 2 2012-spending-pie-chart

Mandatory spending also called "Entitlements", (59% of federal expenditures) happens as a consequence of legislation establishing particular programs or services. It does not have to be approved through the budgetary process of annual appropriation bills. The spending amounts are changed only by changing the bills that established the program or service. Examples include Social Security, Medicare, Medicaid, the State Children’s Health Insurance Program (SCHIP), government workers’ retirement, veterans benefits, military retirement, Supplemental Security Income, Food Stamps (SNAP), unemployment compensation, Earned Income Tax Credits, Child Tax Credits, farm price support payments, and others.

33Social Security...Stiff the geezers! - Page 2 Empty ROI 12/13/2013, 6:18 pm

surfnrg

surfnrg

Ss is solvent and is funded by those who paid in through ss wages
And matching employer contributions. If you don't contribute you
Don't get a pay out.

It is also interesting to note most people do not know that federal EUC
Is also paid for by employers on each quarterly return. It is not a hand out
Either.  Interesting the sound byte news never mentions that?



Last edited by surfnrg on 12/13/2013, 6:20 pm; edited 1 time in total

Hospital Bob

Hospital Bob

I don't believe this qualifies as "soundbite news".


Congressional Budget Office

Updated Budget Projections: Fiscal Years 2013 to 2023

Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. If current laws generally remained in place, federal debt held by the public would decline slightly relative to GDP over the next several years, CBO projects. After that, however, growing deficits would ultimately push debt back above its current high level. CBO projects that federal debt held by the public would reach 100 percent of GDP in 2038, 25 years from now, even without accounting for the harmful effects that growing debt would have on the economy. Moreover, debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely.

The economy’s gradual recovery from the 2007–2009 recession, the waning budgetary effects of policies enacted in response to the weak economy, and other changes to tax and spending policies have caused the deficit to shrink this year to its smallest size since 2008: roughly 4 percent of GDP, compared with a peak of almost 10 percent in 2009. If current laws governing taxes and spending were generally unchanged—an assumption that underlies CBO’s 10-year baseline budget projections—the deficit would continue to drop over the next few years, falling to 2 percent of GDP by 2015. As a result, by 2018, federal debt held by the public would decline to 68 percent of GDP.

However, budget deficits would gradually rise again under current law, CBO projects, mainly because of increasing interest costs and growing spending for Social Security and the government’s major health care programs (Medicare, Medicaid, the Children’s Health Insurance Program, and subsidies to be provided through health insurance exchanges). CBO expects interest rates to rebound in coming years from their current unusually low levels, sharply raising the government’s cost of borrowing. In addition, the pressures of an aging population, rising health care costs, and an expansion of federal subsidies for health insurance would cause spending for some of the largest federal programs to increase relative to GDP. By 2023, CBO projects, the budget deficit would grow to almost 3½ percent of GDP under current law, and federal debt held by the public would equal 71 percent of GDP and would be on an upward trajectory.

http://www.cbo.gov/publication/44521

Hospital Bob

Hospital Bob

surfnrg wrote:Ss is solvent and is funded by those who paid in through ss wages
And matching employer contributions. If you don't contribute you
Don't get a pay out.


Projected Future Course for SSA Disability Programs

Social Security...Stiff the geezers! - Page 2 Chart63

http://www.ssa.gov/policy/docs/chartbooks/disability_trends/sect06.html

surfnrg

surfnrg

Now overlay the U.S. Economy replete with GNP in 2080.... Simplistic economics doesn't work with me muscleman.

Hospital Bob

Hospital Bob

This is the "boogeyman".  From that same CBO report...

"CBO expects interest rates to rebound in coming years from their current unusually low levels, sharply raising the government’s cost of borrowing."

Once that begins, the government will be facing a HUGE problem.

Floridatexan

Floridatexan

2seaoat wrote:Actually it's not sissies and boogeymen. It's 3rd grade arithmetic.
Sissies and boogeymen are what the 3rd graders talked about who didn't pay attention in arithmetic class. lol


No Bob it is the damn babyboom whinners who have had everything.....childhoods without the diseases which crippled all those who became before, wild and beautiful sex unbridled by the liberties we enjoyed in this country, wealth accumulation and vocational opportunity, and now absolute comfortable retirements......yet whine, bitch, and moan about raising the contribution amount threshold to one million of income........or whine bitch an moan that our tax rates may go up because some people in this country might be hungry and need assistance....what a sorry lot we have become.

BS, Seaoat. I didn't "have everything"...not even close. I worked for what I got. I guarandamteeyou that I earned my way. If anything, people stole from me...family members, coworkers, even bosses. Oh, and my school wanted me to skip the 3rd grade, but my parents wouldn't hear of it.

Hospital Bob

Hospital Bob

I'm not a muscleman, surf (that's not me in the picture). I'm also not Homer Simpson's father or Archie Bunker or Ted Cruz or a right-winger or a teabagger or a conservative or a republican. I'm none of that.
All I am is someone who has lived within his means his whole life. And I wish my government could do the same.

Floridatexan

Floridatexan

Bob wrote:That's a very good point,  Z.   The rosy future predictions are ALWAYS predicated on the continuance of the economic conditions known today.   To use seaoat's own term,  they never take into account the potential for economic "boogeymen".  And economic boogeymen do exist.  They reared their heads in 2007/8 which virtually no one predicted.

A lot of people predicted the housing bubble and the economic collapse; they were largely ignored. The real downfall of our economy began the minute Reagan was elected.

surfnrg

surfnrg

"The SSI program does not have a trust fund and is financed through general revenues. Thus, although there is no solvency issue for SSI, the potentially long-term deficit in general revenue receipts compared with expenditures makes it imperative to assess various budget priorities. The future of the SSI program looks to remain relatively stable, with the percentage of adults in the older age groups (35–64) projected to decrease slightly and the percentage in the younger age group (18–34) to increase modestly. The percentage of SSI disabled children (0–17) is also projected to increase slightly, with the projected increase moderating after 2014. Because the general population is expected to grow over this period, the number of SSI recipients is projected to continue increasing."

This is from the same report...don't mix 2 issues....ssi and ss disability.
The original premise was ssi....which is solvent and funded.

Now bob go read the final paragraph on ssdi......

Hospital Bob

Hospital Bob

I'm just as concerned about this as I am entitlements.  I don't think Homer Simpson's father would share my opinion.

2012 Defense Expenditure
(budget authority in billions of current U.S. dollars)

United States (including war and nuclear) 645.7
Asia 314.9
Europe 280.1
Middle East and North Africa 166.4
Russia and Eurasia 69.3
Latin America and The Caribbean 68.8
Sub-Saharan Africa 19.2
Canada 18.4
Global Total 1,582.8

Hospital Bob

Hospital Bob

I'm also concerned about shit like this.

http://money.usnews.com/money/business-economy/articles/2009/02/19/finding-the-pork-in-the-obama-stimulus-bill

Hospital Bob

Hospital Bob

and bullshit like this

http://www.drugsense.org/cms/wodclock

Hospital Bob

Hospital Bob

The Outstanding Public Debt as of 13 Dec 2013 at 10:50:50 PM GMT is:

Social Security...Stiff the geezers! - Page 2 Debtiv

The estimated population of the United States is 317,234,268
so each citizen's share of this debt is $54,309.26.

The National Debt has continued to increase an average of
$2.65 billion per day since September 30, 2012

46Social Security...Stiff the geezers! - Page 2 Empty More 12/13/2013, 6:55 pm

surfnrg

surfnrg

Marijuana should be legalized immediately.

All wars should be declared by congress.

Of course teo will sensationalize everything but i disagree with the definition
Of funded federal programs as entitlements.

Most people don't know many federal "entitlement" programs are actually self funded.....bet most people are surprised federal euc is one of those?

Sal

Sal

Bob wrote:
so each citizen's share of this debt is $54,309.26.

When do we have to cough it up, Bob?

Hospital Bob

Hospital Bob

Social Security...Stiff the geezers! - Page 2 Inflation

Hospital Bob

Hospital Bob

Sal wrote:
Bob wrote:
so each citizen's share of this debt is $54,309.26.

When do we have to cough it up, Bob?

We're coughing it up now to the tune of $223 billion in interest payments in 2013 and that figure is growing every year.

50Social Security...Stiff the geezers! - Page 2 Empty Facts 12/13/2013, 7:03 pm

surfnrg

surfnrg

However from the report you keep quoting ssi

Is solvent and self funded. And will continue to be
Through the entire charts on that website

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