If we go back to 2019 spending levels, we can not only fund SS but also pay off the national debt eventually.
POLITICAL THREAD
- Thread starter kybobcat
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Charlie Kirk's gonna run for AZ governor.
Again. You don't have to rip off people's money.
Just go back to 2019 spending levels and freeze it there for, say, 10 years. Maybe even five. SS is funded and the national debt gets a big dent in it.
Well duh. I hope you weren't asking that question because you really didn't know the answer. Because that's embarrassing.
Yeah, Ye Ole SS payroll deductions are taken from employers and employees equally and put into the general fund via direct deposits from employers and withholding taxes on employees which are paid by the employer for the employee via payroll deductions. (Guess what comes out of that fund???) (Think where a grant of 5 million dollars comes from for a study for how moss grows on a rock but doesn't turn colors.) (Hint, that comes out of the general fund as well.) Do you even know what a business pays into SS, also what an employee pays into SS? Do you know the percentage?
Now go look up the GDP for "payroll" in this country. (That will give you an idea once you look up the proper percentage for SS taken away from the GDP. (What amount of money should be in the general fund now for SS IF it wasn't raped, robbed, and pillaged? (If you want me to take you down this rabbit hole I can but you'd need to make a good down payment on your bill owed to me. I do not work for free.
Gave you a slight taste of what you asked BY providing an example... Was VERY specific. Use your old calculator and figure somethings for yourself if you can afford yourself.... Not sure you can afford anymore lessons from me (This one was free.) but, who knows. I hope you are very well off....
Now........... IF SS truly had a "lock box" AND the money never was touched except for SS. There would be PLENTY of funds for the payee's who now are the recipients...
Please anyone, let me know if I wasn't specific enough... Thanks
Type me your follow-on questions... I will do this, just once...
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Think I saw something the other day (maybe it was posted on here...can't remember) that Kirk is wanting to run for Governor in Arizona I believe it was.
I don't see how boomers are considered rich though. Boomers may have more money simply by working more years and hopefully saving to that point which everyone can do. The younger ones will get that way when their time comes. However, I know more boomers who are just living on SS than not (yes anecdotal). Including those in my family except me (5 other siblings). Many of my friends too. The only saving grace for me is between Military retirement, Civil Service retirement, SS, and my 401K I am doing ok. Not rich, but comfortable.
I typed it for you... (Have an idea we be kin in an area of endeavor...)
Another area that we could have saved 11 billion dollars. Think about it, these attention starved youngsters of today would have done it for free. Must be another series of money laundering where they got a fraction of it while the Bidens got their fair share.
Now that is the problem when you have young people entering the workforce. You give them 6.2% more money and they will not save it for the future. Problems is, we can say that they don't come back expecting government to help them later, but you and I both know the bleeding hearts club band will demand that we help these poor people out.
Just create a "real" lock box... if it was done at inception, no issues...
Phase it out gradually over many years essentially weaning the country to a point when people keep and invest the money they would otherwise have paid in SS taxes.
Is this a perfect solution? No. Will someone get screwed in the process? Probably. Will elected leaders ever have the wherewithal to actually carry out such a protracted process? Virtually impossible. But every Ponzi scheme must eventually fail one way or another.
If that happens remove EVERY elected official IMMEDIATELY. Then...
That entire thing was idiotic drivel.Yeah, Ye Ole SS payroll deductions are taken from employers and employees equally and put into the general fund via direct deposits from employers and withholding taxes on employees which are paid by the employer for the employee via payroll deductions. (Guess what comes out of that fund???) (Think where a grant of 5 million dollars comes from for a study for how moss grows on a rock but doesn't turn colors.) (Hint, that comes out of the general fund as well.) Do you even know what a business pays into SS, also what an employee pays into SS? Do you know the percentage?
Now go look up the GDP for "payroll" in this country. (That will give you an idea once you look up the proper percentage for SS taken away from the GDP. (What amount of money should be in the general fund now for SS IF it wasn't raped, robbed, and pillaged? (If you want me to take you down this rabbit hole I can but you'd need to make a good down payment on your bill owed to me. I do not work for free.
Gave you a slight taste of what you asked BY providing an example... Was VERY specific. Use your old calculator and figure somethings for yourself if you can afford yourself.... Not sure you can afford anymore lessons from me (This one was free.) but, who knows. I hope you are very well off....
Now........... IF SS truly had a "lock box" AND the money never was touched except for SS. There would be PLENTY of funds for the payee's who now are the recipients...
Please anyone, let me know if I wasn't specific enough... Thanks
Type me your follow-on questions... I will do this, just once...
Nonsense. I agree with the concept. But as soon as I criticize say a cabinet pick like Gaetz, or criticize general high tariffs, oppose bringing back SALT deductions, or think Mitch has done some great things, I supposedly have TDS. MAGA has no room for nuance.
If you criticize high tariffs you are a Chinese traitor. Go shill for the Walton family on your own time.
So you add 15% percent payroll tax to everyone making more than today's pay-in limits. LOL.
- Freeze benefits today for those over a certain income level.
- Raise SS benefits payout from 62/67 to 65/70. People are living way longer than when the plan was devised.
- Create individual accounts with your own pay-ins & allow investments within it. Will need to be a "take" for those that go on disability & minors benefits.
Jan. 20th can't get here soon enough.
I asked the question because I don't see what being a Pub has to do with supporting MAGA. Ask Tulsi & RFK.
Trump's biggest flaw is that he wants to bang Kari Lake and he sees his way in is getting her in public office.
- Freeze benefits today for those over a certain income level.
- Agreed, but voters won't go for it
- Raise SS benefits payout from 62/67 to 65/70. People are living way longer than when the plan was devised.
- Agreed, but voters won't go for it
- Create individual accounts with your own pay-ins & allow investments within it. Will need to be a "take" for those that go on disability & minors benefits.
- This is the one I have the biggest issue with. Let's say I do my own thing and lose big. The government, given that people don't like to see old people whither and die on the street, will still come in and save me. So it represents a risk issue.
Living on SS only is due to choices made much younger unless there were health issues. We Boomers are rich as a whole only in comparison to all other age groups. By far most aren't.
There would have to be an annuity portion to it to protect against your scenario.
Bye, you are about an inch from being very stupid....
You can't have it both ways. You cannot bitch about the oppression of big government and then totally depend upon big government to bail you out of a lifetime's worth of bad decisions. If you do your thing and "lose big", then you should pay for that. No one else should be burdened by your has been (haha).
If there was no "safety net", then people might grow the Funk up. But the safety net has turned into a hammock on the backs of the people that work.
Too many people rely on SS and unfortunately too many my age are counting on it when our time comes as well. Have been blessed to save a lot of
money but too many do not make much, have several mouths to feed, etc and can’t save especially in the high inflation world we live in right now. I have no clue what the solution is to keep it afloat other than massive cuts elsewhere. Politicians lifeline are entitlements. They are not going anywhere.
money but too many do not make much, have several mouths to feed, etc and can’t save especially in the high inflation world we live in right now. I have no clue what the solution is to keep it afloat other than massive cuts elsewhere. Politicians lifeline are entitlements. They are not going anywhere.
If Democrats actually want to help the country they could start by leaving.
This was posted on Yahoo Finance this evening: If these tariffs are put in place, it will stress the economy, it seems to me, but I do not pretend to understand them. Will the affected countries place tariffs on what we export to them ??
Watch for Cuban's sin to be exposed soon. May be the last story by MSNBC.... Will be outed by a Democommunist...
Concern troll back for some more BS.
Go away. I can’t wait till we tariff the hell out of everyone. Save the fake outcries for your leftist comrades. We don’t care about your concerns in this thread. Get bent
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