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GOP coming for the "entitlements"

I’m trying to answer your question, but I have to first know what level of understanding you possess. If you didn’t understand why a Ponzi fails, I wouldn’t expect you to understand why SS is a bad deal.


You misunderstand.
Due to the tax rate currently enjoyed by those born 1975 and after, and the scheduled set of benefits, those folks are already facing less than a dollar of benefits paid out for each dollar they’ll pay in.

In addition to that, the outlays will exceed ‘contributions’ such that the IOUs held by the Treasury will be exhausted in 2034. Current assessment is that taxes will cover 77% of scheduled benefits beyond that point. Current law dictates that SS is funded from the payroll tax only, so a cut to benefits is already baked in.

I fully expect they’ll raise taxes and cut benefits, most likely moving retirement age (further screwing blacks) and/or introducing means testing.

Our children will not be so lucky as to see this Ponzi ended. Too few understand how it works, and the people that benefit coincidentally are the most likely to vote.
Yawn. What happens if they get rid of the cap?

This will be good. LOL
 
Congress hasn’t taken anything.
The IOUs are still there.
They’ll be cashed out with publicly held debt over the next dozen years.
It’s not an actual insurance program, that would require income generating assets sufficient to pay outlays.
The IOUs do ‘earn’ interest, but in the form of taxes collected from the public, so there is no net benefit to society, just additional wealth transfer baked into the program.
It sounds like you are bat shit crazy when it comes to SS, I WONDER WHY.
 
It sounds like you are bat shit crazy when it comes to SS, I WONDER WHY

What is batshit crazy is thinking "thieves in congress stole over the years."

It's so stupid it's hard to decide where to start addressing it.
Where did you 'learn' this?
How do you think Congress 'stole' the money?

By law the receipts in excess of outlays go to the Treasury in exchange for an interest bearing IOU. This is defined by the Treasury as 'intragovernmental debt'.
Nothing has been 'stolen' from SS. The reason it can't pay scheduled benefits is because Ponzi schemes eventually all blow up.
 
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They don't have votes for that right now. Senate map is pretty good for Republicans in 24, but they are gonna blow the House pretty badly with this current crop of duds if all they do is review pictures of Hunter Biden's penis and threaten not to raise the debt ceiling without entitlement cuts. Entitlement cuts are the closest they come to sounding like halfway normal people anymore engaged in a discussion about reality and their side of that issue is less popular.
 
They don't have votes for that right now. Senate map is pretty good for Republicans in 24, but they are gonna blow the House pretty badly with this current crop of duds if all they do is review pictures of Hunter Biden's penis and threaten not to raise the debt ceiling without entitlement cuts. Entitlement cuts are the closest they come to sounding like halfway normal people anymore engaged in a discussion about reality and their side of that issue is less popular.

They also didn’t have the votes for however many times they voted to repeal the ACA. If they try to hold entitlements hostage to future spending bills it will be like shooting themselves in the foot repeatedly, and will seriously damage what ought to be like you said a good chance to win back the senate in ‘24.

I’m not even automatically opposed to cuts on entitlement spending - the devil as they say is in the details. But the Freedom Caucus guys have long since decided that ALL spending is evil, except for defense spending. I want the federal government to get the budget in order, but you can’t do that on entitlement cuts alone.
 
They also didn’t have the votes for however many times they voted to repeal the ACA. If they try to hold entitlements hostage to future spending bills it will be like shooting themselves in the foot repeatedly, and will seriously damage what ought to be like you said a good chance to win back the senate in ‘24.

I’m not even automatically opposed to cuts on entitlement spending - the devil as they say is in the details. But the Freedom Caucus guys have long since decided that ALL spending is evil, except for defense spending. I want the federal government to get the budget in order, but you can’t do that on entitlement cuts alone.
REPUBLICANS of all ilk have looked for ways to end Social Security and MediCare ever since they were started. To think otherwise is fool hearty and fooling yourself. Social Security and MediCare are the "red lines in the dirt" that separates the 2 political parties to this day. Even more so than "abortion and voting rights".....
 
Why dont the Repubbers just "balance the books" the way Bill Clinton did? Raise taxes and move to a "pay-go" system for any and all new spending? Worked once....but maybe that is why they won't go there again....because it works!
Yeah, because Republicans don't want a balanced budget and for debts to be paid. They want all the money. Nothing pisses them off more than when money is spent on people other than themselves.
 
Why dont the Repubbers just "balance the books" the way Bill Clinton did? Raise taxes and move to a "pay-go" system for any and all new spending? Worked once....but maybe that is why they won't go there again....because it works!
Yeah, because Republicans don't want a balanced budget and for debts to be paid. They want all the money. Nothing pisses them off more than when money is spent on people other than themselves.
The Dems use “Republicans are after your Social Security and Medicare” as a dog whistle.

Always using fear tactics to frighten the sick and elderly when they know down deep it’s just a big lie.
 
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The Dems use “Republicans are after your Social Security and Medicare” as a dog whistle.

Always using fear tactics to frighten the sick and elderly when they know down deep it’s just a big lie.
Pete my boy...You remind me of the frog sitting in the pot of slowly boiling water over an open fire asking everyone in ear shot, "Boyz, I wonder what's for dinner tonite?"
Republicans have been looking for a way to rid the country of Social Security ever since it was started....and you can add MediCare to that list too! Republicans HATE government programs that are effective and popular.
If it isn't a tax cut for the rich, the Repubbers don't have much use for it. It ain't a "scare tactic" Pete....I have seen how Republicans operate since Nixon. They are not to be trusted any further than you can throw'em.
 
Social security is fixed if it is raised a quarter of a point. .00125 for the employee .00125 for the employer. This is such a stupid argument. The longer this drags out the higher that needs to be.
 
Can you provide one current House or Senate bill that deals with dissolving Social Security or Medicare?
Why is a bill necessary? Why isn't what Republicans campaigned on, why isn't what they are saying they are going to do good enough for you? Why do you have to wait for a bill to be written before you become concerned? I'm sure the Heritage Foundation has already written the bill, actually. They just haven't found anyone to bring it to the floor yet. And it won't even be a separate bill. They will just cut it out of the budget.
 
Why is a bill necessary? Why isn't what Republicans campaigned on, why isn't what they are saying they are going to do good enough for you? Why do you have to wait for a bill to be written before you become concerned? I'm sure the Heritage Foundation has already written the bill, actually. They just haven't found anyone to bring it to the floor yet. And it won't even be a separate bill. They will just cut it out of the budget.
So the truth is you have nothing to support your lie’s except what CNN told you.

That figures.
 
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So the truth is you have nothing to support your lie’s except what CNN told you.

That figures.
JFC. Of all the responses you could come up with, you choose the absolute dumbest option possible. Seriously? The best you can do is cognitive dissonance (that means willfully denying reality because reality doesn't fit your narrative)? Get out of here with this garbage. Come back with a serious response if you want to continue to debate. Good lord.
 
JFC. Of all the responses you could come up with, you choose the absolute dumbest option possible. Seriously? The best you can do is cognitive dissonance (that means willfully denying reality because reality doesn't fit your narrative)? Get out of here with this garbage. Come back with a serious response if you want to continue to debate. Good lord.
The GOP wants to strengthen SS and Medicare.
 
Much of this just shows what McCarthy had to do behind closed doors to secure the Speakership.

There isn't a Republican in a purple district that will support this crap. The next two years are going to be a shitshow in the House.
 
If I’m a democrat I’m going to ask, what are you willing to bargain with to put entitlements on the table. An end to partisan gerrymandering. National right to an abortion to 15-20 weeks.

Republicans are saying this is a huge threat to the future of the country. Democrats disagree. Let’s bargain. Let’s see how important it is to republicans.
 
LOL. Yeah. Strengthen it by defunding it and delaying when people can get it. Because people "want to work into their 90's". Seriously, how much money have you pissed away to that grifting party? You sound like the perfect mark for them.
With Bidens broken economy retirees who were economically comfortable during Trumps Presidency now have to find a part time or full time job just to afford food.

People are living longer and a majority want to work longer. Raising the retirement age only makes common sense along with increasing what workers need to contribute in order to keep the promise made to American workers.
 
With Bidens broken economy retirees who were economically comfortable during Trumps Presidency now have to find a part time or full time job just to afford food.

People are living longer and a majority want to work longer. Raising the retirement age only makes common sense along with increasing what workers need to contribute in order to keep the promise made to American workers.
You can't even except that it's Trump's policies that broke the economy. That's really not debatable. But you probably think Bush was good for the economy as well.

Another way to address the social security financing issue is to allow more foreign workers to get jobs here and pay into social security. More people paying in will do far more than fewer people paying more into it.
 
You can't even except that it's Trump's policies that broke the economy. That's really not debatable. But you probably think Bush was good for the economy as well.

Another way to address the social security financing issue is to allow more foreign workers to get jobs here and pay into social security. More people paying in will do far more than fewer people paying more into it.
We don’t need 100 million 3rd world illegals dipping into social security. They are getting benefits they don’t deserve as we speak.
 
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Really do you have no 401k?
You get that’s not the same thing as social security , right?

republicans like to forget, but Social Security was always originally intended to be a safety net for Americans, especially if something disastrous like the Great Depression happened and their savings got wiped out again. Otherwise, it’s only meant to supplement your 401k, or whatever retirement plans you make.

based on that, no, I don’t think it’s a great idea to play with social security by privatizing it.

maybe my biggest policy disagreement with Republicans today is based on their apparent belief that private is always better than publicly run things. I won’t deny that it is true in many cases, but this isn’t one of them imo.
 
You get that’s not the same thing as social security , right?

republicans like to forget, but Social Security was always originally intended to be a safety net for Americans, especially if something disastrous like the Great Depression happened and their savings got wiped out again. Otherwise, it’s only meant to supplement your 401k, or whatever retirement plans you make.

based on that, no, I don’t think it’s a great idea to play with social security by privatizing it.

maybe my biggest policy disagreement with Republicans today is based on their apparent belief that private is always better than publicly run things. I won’t deny that it is true in many cases, but this isn’t one of them imo.
You’re wrong however, had SS been allowed to be privatized 25 years ago the fund would be overflowing with cash as opposed to being nearly depleted as it sits today.
 
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