i thought cutting was the goal?

[dellinger63]

Originally Posted by Riot

Social Security does not contribute to the debt at all, and is solvent if left alone until 2030, when 78% of current rates are payable if nothing at all is done.

Why then is the Pres. saying SS checks won't go out unless he's allowed to borrow more money. He's not going to divert SS money to pay something else, like Pelosi's salary is he?

[Riot]

Originally Posted by dellinger63

Why then is the Pres. saying SS checks won't go out unless he's allowed to borrow more money. He's not going to divert SS money to pay something else, like Pelosi's salary is he?

You can't possibly be this stupid.

This is precisely what I mean by your repeated demonstration of your "willful ignorance". We have discussed Social Security, how it works, the trust fund, etc. repeatedly on this board, and you've participated.

It's apparent you don't pay attention in the least to the real world, and you haven't the foggiest notion how Social Security or this country's budget works, let alone what the debt ceiling is and how we borrow and finance our country.

You seriously do not have a clue about these most basic things in our country. Things that have been all over the news the past 4-8 years.

Think really hard, and think of the concept of "cash flow". Good luck with it.

[dellinger63]

Originally Posted by Riot

We have discussed Social Security, how it works, the trust fund, etc.

Think really hard, and think of the concept of "cash flow". Good luck with it.

and you can't be that naive unless it's on purpose.

[Riot]

Originally Posted by dellinger63

and you can't be that naive unless it's on purpose.

And that silly, meaningless answer proves you don't understand what the debt ceiling is, what it is used for, how our government finances the 70-80 million checks we write monthly, and the Social Security trust fund, SS funds and what they are, and how Social Security works; and how we finance this country on a daily basis, and what Treasury bonds are.

If you had just the most rudimentary, basic, elementary understanding of the above, you'd never ask why we would have to borrow money to pay out Social Security checks, yet how Social Security has nothing to do with our deficit, but yes, with the debt ceiling.

[dellinger63]

Originally Posted by Riot

And that silly, meaningless answer proves you don't understand what the debt ceiling is, what it is used for, how our government finances the 70-80 million checks we write monthly, and the Social Security trust fund, SS funds and what they are, and how Social Security works; and how we finance this country on a daily basis, and what Treasury bonds are.

If you had just the most rudimentary, basic, elementary understanding of the above, you'd never ask why we would have to borrow money to pay out Social Security checks, yet how Social Security has nothing to do with our deficit, but yes, with the debt ceiling.

Let SS go try and borrow against that 'trust fund' that's solvent till 2030 as you claim.

Ponzi anyone?

[Riot]

Originally Posted by dellinger63

Let SS go try and borrow against that 'trust fund' that's solvent till 2030 as you claim.

Ponzi anyone?

You seriously haven't got a clue. You just contradicted your own original question, along with neglecting to realize you duplicated something I said. While demonstrating again, with your "ponzi" comment, that you don't even understand how SS is set up to work.

Pretty good toll for two sentences.

You make me want to support a poll tax.

[dellinger63]

Originally Posted by Riot

You seriously haven't got a clue. You just contradicted your own original question, along with neglecting to realize you duplicated something I said. While demonstrating again, with your "ponzi" comment, that you don't even understand how SS is set up to work.

Pretty good toll for two sentences.

You make me want to support a poll tax.

If the SS tax was eliminated today how long would it be solvent? The SS administration is a PERFECT example of a Ponzi scheme in that without new investors (chumps) it would cease to exist. I suppose IOU's could still be sent out as they have plenty of them.

As I've said before. Government has NO business being involved in retirement planning and or a lot of other areas, period!