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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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Hospital Bob

Hospital Bob

And that interest amount is based on some of the lowest rates in modern American history. If and when interest rates start to rise again, we will be coughing up one helluva lot more than we are now.

52Social Security...Stiff the geezers! - Page 3 Empty Perspective 12/13/2013, 7:16 pm

surfnrg

surfnrg

I dont know how to post a chart
Perhaps bob will post a chart of the federal debt as a percentage of GDP
Between 1940 and 2013?

It will show a more realistic picture after all this is not a forum of
Fox sound bytes?



Its not doomsday....and all economic activity has a backdrop against current events both national and international.....something the obstructionists ignore



Last edited by surfnrg on 12/13/2013, 7:29 pm; edited 1 time in total

Sal

Sal

Bob wrote:

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

Well, that's a mighty big number.

But, not very informative.

Put it in terms of percentage of GDP devoted to paying interest on the nation’s debt and compare that to years past.

Not so scary, eh?

Hospital Bob

Hospital Bob

surfnrg wrote: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

Here is a very comprehensive report from the SSA, surf.

Pay particular attention to this part...

One useful way to describe the effect of the change in the aged dependency ratio and the resulting effect on the ratio of beneficiaries to workers is to consider the implied number of workers per beneficiary. For the past 35 years, there have been about 3.3 workers per beneficiary (consistent with the ratio of 30 beneficiaries per 100 workers). After 2030, the ratio will be two workers per beneficiary (consistent with 50 beneficiaries per 100 workers).

With the average worker benefit currently at about $1,000 per month, 3.3 workers would need to contribute about $300 each per month to provide a $1,000 benefit. But after the population age distribution has shifted to have just two workers per beneficiary, each worker would need to contribute $500 to provide the same $1,000 benefit.

Thus, in order to meet increased Social Security costs, substantial change will be needed. The intermediate projections of the 2009 Trustees Report indicate that if we wait to take action until the combined OASDI trust fund becomes exhausted in 2037, benefit reductions of around 25 percent or payroll tax increases of around one-third (a 4 percent increase in addition to the current 12.4 percent rate) will be required. Past legislative changes for Social Security suggest that the next reform is likely to include a combination of benefit reductions and payroll tax increases.

Guest


Guest

I expect to get about 1/2 of what they tell me is my projection

Hospital Bob

Hospital Bob

For surf and sal (sounds like a restaurant name) lol

From that right-wing fox news-like democrat/liberal hating Washington Post.

CBO: Federal debt could match GDP in 25 years

http://www.washingtonpost.com/blogs/federal-eye/wp/2013/09/19/cbo-federal-debt-could-match-gdp-in-25-years/

Floridatexan

Floridatexan

Sal wrote:Then the politics must change.

Generation X and the Millennials will provide the political will.

And, the Baby Boomers can do what they do best - whine, throw tantrums, and generally get in the way of progress.

But, it's hard to impede a paradigm shift.

You're pissing me off. That is not what happened. People have this idea that they can just go about their business and not worry about politics or economic issues, and to a large extent, that's true. But choices have consequences. Who we vote for and how edified we are about what's going on around us...those things matter, and we can't ignore them...what is the message of Christmas?

Hospital Bob

Hospital Bob

Floridatexan wrote: Who we vote for and how edified we are about what's going on around us...those things matter

Oh how I wish it was that simple.

I posted this interview the other day. It's not Sean Hannity. It's not Rush Limbaugh.
It's Bill Moyers.

Please watch the first 8 minutes. And if that first eight minutes gets your attention (and it definitely should) you can then decide if you want to get totally depressed by watching the remainder of it.

Floridatexan

Floridatexan

surfnrg wrote:I dont know how to post a chart
Perhaps bob will post a chart of the federal debt as a percentage of GDP
Between 1940 and 2013?

It will show a more realistic picture after all this is not a forum of
Fox sound bytes?



Its not doomsday....and all economic activity has a backdrop against current events both national and international.....something the obstructionists ignore

Social Security...Stiff the geezers! - Page 3 16930993wages-gdp-1940-2013-annotated

surfnrg

surfnrg

What does this represent fl texan?

61Social Security...Stiff the geezers! - Page 3 Empty Spending increases 12/13/2013, 8:18 pm

surfnrg

surfnrg

Bob wrote:For surf and sal (sounds like a restaurant name)  lol

From that right-wing fox news-like democrat/liberal hating Washington Post.

CBO: Federal debt could match GDP in 25 years

http://www.washingtonpost.com/blogs/federal-eye/wp/2013/09/19/cbo-federal-debt-could-match-gdp-in-25-years/

The writer ignored that along with spending on infrastructure we desperately need and would have created new jobs pared the unemployment rolls especially long term unemployment but was offset by ending President Bush's tax cuts which were ineffective and unsound. When you cut taxes on the many of the wealthiest corps and the top tier of income, and the result is a further concentration of wealth in the top one percent with no appreciation in creation of jobs the policy is a failure,

Ending those tax breaks is one part of the puzzle. Remember those tax breaks were not tax increases. The idea was by giving the tax breaks there would be more capital investment thereby increasing jobs. It did NOT happen.

Hospital Bob

Hospital Bob

Hey no argument from me on that.  We need to both cut spending and eliminate those tax cuts.  I'm not a republican or a democrat.  I just want a government which lives within it's means like I do.

Hospital Bob

Hospital Bob

But if you had watched that Bill Moyers interview I linked, you would not be very confident that, in it's present form, our government will be able to govern competently.

Markle

Markle

Bob wrote:But if you had watched that Bill Moyers interview I linked,  you would not be very confident that,  in it's present form,  our government will be able to govern competently.  
Bill Moyers, avid Socialist if not Communist.  He's seeing the administration of President Barack Hussein Obama collapse.  Little wonder he sees no hope for the future.

65Social Security...Stiff the geezers! - Page 3 Empty Obstructionist weighs in 12/13/2013, 10:14 pm

surfnrg

surfnrg

Haha....what a segway

Hospital Bob

Hospital Bob

surfnrg wrote:Haha....what a segway

He's just a casualty of the media Leibovich talks about in that interview. As are so many others.

TEOTWAWKI

TEOTWAWKI

surfnrg wrote: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?

I got feelings..that hurts.... Sad Sad 

Hospital Bob

Hospital Bob

The tv media which is influencing so many minds.

http://www.politico.com/blogs/media/2013/12/msnbcs-ed-schultz-paid-by-unions-in-last-two-years-179498.html

http://www.newshounds.us/tuesday_was_product_placement_day_on_fox_friends020912

2seaoat



What is wrong with Ed Schultz getting paid spots on his shows which are funded by Unions? I do not agree with all of Schultz's positions, but this guy is no wussy and he cares about people. This one of the few talking heads on tv I could sit down and have a beer and talk. He is a regular guy. He may not be the smartest guy. He may not understand complex ideas......but this guy is sincere in caring about people getting screwed. He is a natural leader.

Hospital Bob

Hospital Bob

2seaoat wrote:What is wrong with Ed Schultz getting paid spots on his shows which are funded by Unions?  

This for openers. From the Politico report...

Early last year, after reports that Schultz was paid $199,900 by unions in 2011, Schultz said on his show that all the money he received for speeches went to charity; in this case, the American Cancer Society. A letter from the Society shows that it received $100,000, roughly half the total Schultz received from unions.

Appears he kept half the money and lied about it.

Secondly, when a "news commentator" is receiving cash from the same organizations he's promoting with his news commentary, and his audience is not aware that he's receiving payments from those organizations, it's no different from a disk jockey receiving payment from the same record company whose records he's promoting. That was called "payola" and it was outlawed.



Hospital Bob

Hospital Bob

What if Sue Straughn was doing on air commentary praising Sacred Heart Hospital. And then we find out she was being paid by Sacred Heart Hospital to give speeches? Would you have no objection to that either?

2seaoat



Do you listen to Ed's Radio show, or his tv show? If you did, you would have to have been dropped on your head not to know he is the country's mouthpiece for the labor movement, and his sponsors and his guest are union representatives. I listened to him today take on his critics......he is a guy I respect, and do not agree with entirely.

Hospital Bob

Hospital Bob

Yes I've listend to his radio show and watched his television show.  He's a high paid partisan hack no different from Hannity.

"President Obama is going to be visiting Joplin, Mo., on Sunday, but you know what they’re talking about, like this right-wing slut, what’s her name?, Laura Ingraham? Yeah, she’s a talk slut".

That's not news commentary.  That's pro wrastlin.  And I've listened to a lot of Ingraham's bullshit wrastlin radio show and it's no different from him.

Hospital Bob

Hospital Bob

It's late and I'm going to bed cause I got to get up at 5:30 to clock in for work.
I like to drift off to sleep listening to something that's purely entertainment on the radio. The Alex Jones Show. lol

2seaoat



Ed Shultz is as far from pro wrestling in the media today.......that is why I listen to him and do not always agree......the man is real. The rest pretend. He could kick most of these wussies asses, and he knows what the truth is......I am tired of a media filled with tough talking wussies......Ed Shultz is the real deal and even though he has huge cognitive deficiencies and does not understand some complex issues.......he works his way through those issues and gets to the essence. If it helps people he is for it, and if it hurts people he is against it.........pro wrestling.......what a joke.......he is a boxer, and you are not going to get him to the mat easily because he has a heart.

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