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Well the problem with that is you are reactive. For example if you have a bunch of debt, don't buy new stuff, pay off your debt, once it's paid SAVE money in an account, and guess what, you're budget will never be affected. The govt needs to do that, but they don't, when they get money, they spend it on stupid shit and the repercussions are minimal.The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.
Intragovernmental Holdings
Which agencies own the most Treasuries? Social Security, by a long shot.
Here's the detailed breakdown (as of December 31, 2015):
Debt Held by the Public
- Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
- Office of Personnel Management Retirement - $873 billion
- Military Retirement Fund - $601 billion
- Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
- All Other Retirement Funds - $187 billion
- Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)
Here's the breakout:
This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.
- Foreign - $6.175 trillion
- Federal Reserve - $2.461 trillion
- Mutual Funds - $1.056 trillion
- State and Local Government, including their pension funds - $803 billion
- Private Pension Funds - $403 billion
- Banks - $515 billion
- Insurance Companies - $293 billion
- U.S. Savings Bonds - $174 billion
- Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)
What About Foreign Ownership of the Debt?
China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.
Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.
Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.
The Real Owner of the U.S. Debt Will Surprise You
Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.
So what is the percentage of benefits for Social Security in 2035?
Every budget is a plan, and plans change due to unforeseen circumstances. Which is why the Rand Paul concept of a balanced budget is naive, or most likely demagoguery.
For example, a home owner budgets $100 per month for home maintenance, and halfway through the year a heavy rain creates several leaks in the roof. To do nothing, the sheet rock will deteriate and ruin the floor and furniture, thus the budget now requires an adjustment.
S/He must cut other budgeted items, borrow the money or kick the problem down the road - as our Congress has been doing for for far too long - and let a problem turn into a catastrophe.
https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html
If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.
The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.
Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.
Wake up people, it can and will happen here.
Yep, it sounds like Social Security is on the chopping block. Where is AARP on this?
Top House Republican Unveils Plan To Gut Social Security
Are Republicans Crazy Enough to Go After The Safety Net?
https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html
If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.
The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.
Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.
Wake up people, it can and will happen here.
Yep, it sounds like Social Security is on the chopping block. Where is AARP on this?
Top House Republican Unveils Plan To Gut Social Security
Are Republicans Crazy Enough to Go After The Safety Net?
Getting rid of hackery and duopoly bullshit is a bad thing?https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html
If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.
The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.
Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.
Wake up people, it can and will happen here.
Yes Mi is working on taking away the straight ticket voting which will make for long lines and less showing up.
They are doing a lot to make sure they maintain the maj.
Well the problem with that is you are reactive. For example if you have a bunch of debt, don't buy new stuff, pay off your debt, once it's paid SAVE money in an account, and guess what, you're budget will never be affected. The govt needs to do that, but they don't, when they get money, they spend it on stupid shit and the repercussions are minimal.The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.
Intragovernmental Holdings
Which agencies own the most Treasuries? Social Security, by a long shot.
Here's the detailed breakdown (as of December 31, 2015):
Debt Held by the Public
- Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
- Office of Personnel Management Retirement - $873 billion
- Military Retirement Fund - $601 billion
- Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
- All Other Retirement Funds - $187 billion
- Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)
Here's the breakout:
This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.
- Foreign - $6.175 trillion
- Federal Reserve - $2.461 trillion
- Mutual Funds - $1.056 trillion
- State and Local Government, including their pension funds - $803 billion
- Private Pension Funds - $403 billion
- Banks - $515 billion
- Insurance Companies - $293 billion
- U.S. Savings Bonds - $174 billion
- Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)
What About Foreign Ownership of the Debt?
China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.
Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.
Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.
The Real Owner of the U.S. Debt Will Surprise You
Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.
So what is the percentage of benefits for Social Security in 2035?
Every budget is a plan, and plans change due to unforeseen circumstances. Which is why the Rand Paul concept of a balanced budget is naive, or most likely demagoguery.
For example, a home owner budgets $100 per month for home maintenance, and halfway through the year a heavy rain creates several leaks in the roof. To do nothing, the sheet rock will deteriate and ruin the floor and furniture, thus the budget now requires an adjustment.
S/He must cut other budgeted items, borrow the money or kick the problem down the road - as our Congress has been doing for for far too long - and let a problem turn into a catastrophe.
You and your kind already fucked liberty and freedom of choice when y'all decided that everyone needs to "like you", "be safe" even if we have to force you to be (mandatory seat belts, insurance and shots, no riding in the back of the pickup, no smoking allowed but dope is fine and dandy, mandatory low tire safety warnings on all vehicles even though they are just very crush-able tin cans these days) I could make that list could go on and on with all of the idiotic BS forced and crammed onto people through legislation. Let us not forget to include the non responsible should be taken care of regardless of whether they ever had any responsibility to care for themselves or not because we "owe them that much as a society" we should allow them to tap into the SS funds because someone has to be responsible for those poor decrepit miserable souls who never had a fucking clue to begin with. It has been over twenty-five years ago that I met a young woman who received a check for eighteen hundred dollars a month plus life-time medical care because her mom was an alcoholic and supposedly she and her other six siblings who also each received one of those checks each month would never be fit to hold a job because mom drank while she was pregnant. Note that a typical female who both worked and raised children now retiring receives a mere $756.00 dollars a month from SS. Back when that lil gal told me her story the typical worker SS retiree that asked me for a PT job to supplement their retirement was getting less than $400.00 per month. Every previous legislator that did nothing to stop that kind of BS is guilty of screwing over the real people who paid into the SS program over the years. The big push now to alter the program is so Wall streeters can get their hands on more control over the rest of the working class like they now have over many retirement funds that cannot afford to make too big of a fuss over these corporate thugs that have been in charge of determining what they think is good for the people.i got this quote from AARP ...from Trump....
If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future. As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. Our goal is to keep the promises made to Americans through our Social Security program.”....so we will see....
Why cut SS for those who need it?
Wouldn't it make more sense to double the maximum level (currently $118,500 income level) and make the wealthy pay more (BTW, my income exceeds this figure).
And why cut the minimum wage and reduce the amount of unemployment Insurance to people who need it? Both are cuts to working men and women, btw, who by no fault of their own lost their job.
Not my point.Getting rid of hackery and duopoly bullshit is a bad thing?https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html
If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.
The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.
Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.
Wake up people, it can and will happen here.
Yes Mi is working on taking away the straight ticket voting which will make for long lines and less showing up.
They are doing a lot to make sure they maintain the maj.
What? I don't know about your ballot , but ours is long, most vote straight ticket and they know that.
You and your kind already fucked liberty and freedom of choice when y'all decided that everyone needs to "like you", "be safe" even if we have to force you to be (mandatory seat belts, insurance and shots, no riding in the back of the pickup, no smoking allowed but dope is fine and dandy, mandatory low tire safety warnings on all vehicles even though they are just very crush-able tin cans these days) I could make that list could go on and on with all of the idiotic BS forced and crammed onto people through legislation. Let us not forget to include the non responsible should be taken care of regardless of whether they ever had any responsibility to care for themselves or not because we "owe them that much as a society" we should allow them to tap into the SS funds because someone has to be responsible for those poor decrepit miserable souls who never had a fucking clue to begin with. It has been over twenty-five years ago that I met a young woman who received a check for eighteen hundred dollars a month plus life-time medical care because her mom was an alcoholic and supposedly she and her other six siblings who also each received one of those checks each month would never be fit to hold a job because mom drank while she was pregnant. Note that a typical female who both worked and raised children now retiring receives a mere $756.00 dollars a month from SS. Back when that lil gal told me her story the typical worker SS retiree that asked me for a PT job to supplement their retirement was getting less than $400.00 per month. Every previous legislator that did nothing to stop that kind of BS is guilty of screwing over the real people who paid into the SS program over the years. The big push now to alter the program is so Wall streeters can get their hands on more control over the rest of the working class like they now have over many retirement funds that cannot afford to make too big of a fuss over these corporate thugs that have been in charge of determining what they think is good for the people.i got this quote from AARP ...from Trump....
If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future. As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. Our goal is to keep the promises made to Americans through our Social Security program.”....so we will see....
Why cut SS for those who need it?
Wouldn't it make more sense to double the maximum level (currently $118,500 income level) and make the wealthy pay more (BTW, my income exceeds this figure).
And why cut the minimum wage and reduce the amount of unemployment Insurance to people who need it? Both are cuts to working men and women, btw, who by no fault of their own lost their job.
Sounds like YOUR personal problem.You and your kind already fucked liberty and freedom of choice when y'all decided that everyone needs to "like you", "be safe" even if we have to force you to be (mandatory seat belts, insurance and shots, no riding in the back of the pickup, no smoking allowed but dope is fine and dandy, mandatory low tire safety warnings on all vehicles even though they are just very crush-able tin cans these days) I could make that list could go on and on with all of the idiotic BS forced and crammed onto people through legislation. Let us not forget to include the non responsible should be taken care of regardless of whether they ever had any responsibility to care for themselves or not because we "owe them that much as a society" we should allow them to tap into the SS funds because someone has to be responsible for those poor decrepit miserable souls who never had a fucking clue to begin with. It has been over twenty-five years ago that I met a young woman who received a check for eighteen hundred dollars a month plus life-time medical care because her mom was an alcoholic and supposedly she and her other six siblings who also each received one of those checks each month would never be fit to hold a job because mom drank while she was pregnant. Note that a typical female who both worked and raised children now retiring receives a mere $756.00 dollars a month from SS. Back when that lil gal told me her story the typical worker SS retiree that asked me for a PT job to supplement their retirement was getting less than $400.00 per month. Every previous legislator that did nothing to stop that kind of BS is guilty of screwing over the real people who paid into the SS program over the years. The big push now to alter the program is so Wall streeters can get their hands on more control over the rest of the working class like they now have over many retirement funds that cannot afford to make too big of a fuss over these corporate thugs that have been in charge of determining what they think is good for the people.i got this quote from AARP ...from Trump....
If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future. As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. Our goal is to keep the promises made to Americans through our Social Security program.”....so we will see....
Why cut SS for those who need it?
Wouldn't it make more sense to double the maximum level (currently $118,500 income level) and make the wealthy pay more (BTW, my income exceeds this figure).
And why cut the minimum wage and reduce the amount of unemployment Insurance to people who need it? Both are cuts to working men and women, btw, who by no fault of their own lost their job.
Are you familiar with the word paragraph? Syntax? Posting a rant would be more effective if you would organize your thoughts and make a single or at most two points. The only thing I took away from this post is you're angry & disorganized.
See my post above.
I disagree that they "can't undo" some of the mess they have shuffled into the SS program.The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.
Intragovernmental Holdings
Which agencies own the most Treasuries? Social Security, by a long shot.
Here's the detailed breakdown (as of December 31, 2015):
Debt Held by the Public
- Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
- Office of Personnel Management Retirement - $873 billion
- Military Retirement Fund - $601 billion
- Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
- All Other Retirement Funds - $187 billion
- Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)
Here's the breakout:
This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.
- Foreign - $6.175 trillion
- Federal Reserve - $2.461 trillion
- Mutual Funds - $1.056 trillion
- State and Local Government, including their pension funds - $803 billion
- Private Pension Funds - $403 billion
- Banks - $515 billion
- Insurance Companies - $293 billion
- U.S. Savings Bonds - $174 billion
- Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)
What About Foreign Ownership of the Debt?
China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.
Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.
Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.
The Real Owner of the U.S. Debt Will Surprise You
Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.
Agenda pushing for what they think are then still gullible masses.(sniff, sniff)
I smell FAKE NEWS....
(sniff, sniff)
I smell FAKE NEWS....
Agenda pushing for what they think are then still gullible masses.(sniff, sniff)
I smell FAKE NEWS....
It's probably residue from putting your head up your ass so often.
If you voted for Trump and his campaign of lies you are most definitely the "gullible masses", and you prove that every time you post.
If you voted for Trump and his campaign of lies you are most definitely the "gullible masses", and you prove that every time you post.
Says one of the libs who actually believed Barry when he said 'The ACA will not cost a dime' - something NO government-run program has EVER done in the history of the United States.
Your government was up-front and honest to you about the cost of your health care, right...unlike Barak Obama and the Liberals were with Americans?I never believed any such thing. I'm a Canadian who is well aware how much my government spends on health care every year, and I'm glad they do.
The ACA is collapsing in on itself...Every government program has a cost but is the benefit worth it?
The ACA has reduced the rate of growth of health care costs, insured over 20 million people....
and saved some of the 45,000 lives lost each year due to lack of health insurance
1Your government was up-front and honest to you about the cost of your health care, right...unlike Barak Obama and the Liberals were with Americans?I never believed any such thing. I'm a Canadian who is well aware how much my government spends on health care every year, and I'm glad they do.
The ACA is collapsing in on itself...Every government program has a cost but is the benefit worth it?
The ACA has reduced the rate of growth of health care costs, insured over 20 million people....
The cost of the mandated ACA just went up well over 100% for some states, and the federal government is financially punishing those poor Americans who can not afford it.
and saved some of the 45,000 lives lost each year due to lack of health insurance
Perhaps the Obama administration should have started off SMALL in regards to healthcare.
Rather than destroying the entire existing health care system and replacing it with a poorly-thought-out, rushed piece of minority-supported liberal legislation perhaps they should have tackled the VA, fixing the broken, horrific health care system tasked with caring for our troops as promised.
(-- VA facility left dead veteran’s body unattended in shower for 9 hours, report says)
Instead of fixing a F*ED UP GOVERNMENT / ADMINISTRATION-RUN HEALTH CARE SYSTEM THEY RUSHED AHEAD TO F* UP THE ENTIRE NATION'S HEALTH CARE SYSTEM.
...but they had the best of INTENTIONS, which is all that is supposed to matter when judging liberals.
