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And I explained how it was constructed.
Well, that concept seems to elude at least Lesh. There is no actual "money" in the bonds held by soc sec as a result of soc sec taxes being used to "pay" for general revenue expenditures. The ONLY way to "redeem" those bonds is to either use general revenue or "new debt" to pay retiree benefits.What are you talking about?
Of course the money comes from the general fund? Where do you think the money comes from to redeem those bonds? The sky?
Yea...you got yours...fuck anyone who comes after you right?
Your "better way" always ends up damaging or destroying.WTF do you mean by that? We were discussing better ways to run these social programs, not ending them dead stop.
Do you understand what Treasury Bills ARE?Well, that concept seems to elude at least Lesh. There is no actual "money" in the bonds held by soc sec as a result of soc sec taxes being used to "pay" for general revenue expenditures.
Your "better way" always ends up damaging or destroying.
It worked for you. You're gladly accepting the benefits you want to prevent those who come after you from getting
Your "better way" always ends up damaging or destroying.
Like I saidWhat we are discussing here is a way to extend them and make them better.
You've agreed to raise your own taxes to pay for soc sec. That's what the "trust fund" is.Do you understand what Treasury Bills ARE?
All Treasury Bills are paid out of the General Fund and they are all promissory notes.
Do you not understand that? Do you think the T Bills that millions hold are "fake"?
United States Treasury securities are government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. Treasury securities are often referred to simply as Treasurys.[1] Since 2012, U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.
There are four types of marketable treasury securities: Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation Protected Securities (TIPS). The government sells these securities in auctions conducted by the Federal Reserve Bank of New York, after which they can be traded in secondary markets. Non-marketable securities include savings bonds, issued to the public and transferable only as gifts; the State and Local Government Series (SLGS), purchaseable only with the proceeds of state and municipal bond sales; and the Government Account Series, purchased by units of the federal government.
Treasury securities are backed by the full faith and credit of the United States, meaning that the government promises to raise money by any legally available means to repay them.
Possibly. Actually I favor raising the cap.You've agreed to raise your own taxes to pay for soc sec. That's what the "trust fund" is.
You don't have 50 votes in the senate.Possibly. Actually I favor raising the cap.
So what you are saying is that Republicans as a block will refuse to shore up Social SecurityYou don't have 50 votes in the senate.
The dems did nothing from Joe's inaguaration to the present.So what you are saying is that Republicans as a block will refuse to shore up Social Security
No kidding
Maybe you missed it...but they're a little busy and blocked by an ongoing GOP filibuster...of everythingThe dems did nothing from Joe's inaguaration to the present.
Possibly. Actually I favor raising the cap.
The progressives tried to run train on giving stuff away rather than shoring up middle class entitlements, and they got stuffed. Don't try blaming this on the gop. They compromised on infrastructure, and Romney Collins and Murkowski did not say "no" on taxes. Actually, Sienna did that, but .... I don't follow her logic that the harm a small hike on corporate rates and the very very well off would be worse for the economy than issuing new general fund debt to pay for soc sec.Maybe you missed it...but they're a little busy and blocked by an ongoing GOP filibuster...of everything
You're talking about "the wealthy" who have been getting tax cuts for four decades having to pay a couple per cent of it back to make Social Security solvent forever?Sure you do, so that others pay for your benefits. The wealthy seldom go on SS when they retire. Why should they pay more? Shouldn't the people who use the program pay more?
Care to explain that?The progressives tried to run train on giving stuff away rather than shoring up middle class entitlements, and they got stuffed.
You just did when you said there were zero GOP votes available to deal with thisDon't try blaming this on the gop.
Bullshit. Sinema has ZERO power if just ONE Republican votes with the Dems on any of these issuesActually, Sienna did that,
Complete horse shit. You don't know what you are talking about.But note: there's no redeeming of TBIlls happening here, it's simply moving the funding stream for soc sec from soc sec taxes to general funds.
You're talking about "the wealthy" who have been getting tax cuts for four decades having to pay a couple per cent of it back to make Social Security solvent forever?
Those poor poor rich guys...
Ohhhh the unfairness!
And yet their taxes keep going DOWN
A family making 147K is "wealthy?"You're talking about "the wealthy" who have been getting tax cuts for four decades having to pay a couple per cent of it back to make Social Security solvent forever?
Those poor poor rich guys...
Ohhhh the unfairness!
