JQPublic1
Gold Member
- Aug 10, 2012
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https://www.ssa.gov/OACT/TR/2016/709letter_DI_Senate_2016.pdf
So after responding to the mindless crap here, I happen to notice this letter to the Senate. The trustees are required by law, to inform congress, when reserves are going to fall below 20% of expenses. That is happening right now for Disability Insurance, and the rest later.
View attachment 113340
Only a mindless left winger can see a graph showing 0% as a future outcome, and conclude.... "it's not going broke!".
Stop with the unending ignorance. The facts win, over your opinion.Are you sincerely ignorant or conscientiously stupid? That is the question. Your graph validates everything I quoted the SSA positing on their website. Do you think hey would post a graph that contradicts their own report???? DUHHH! The zero represents the year the "reserves are depleted" but the system won't be "broke" because millions of workers will still be paying into it. And when all the baby boomers die out in the next 20 years or so, the reserves will start to rise again.
IN the interim, though, Congress will have to act by either raising the FICA taxes or reducing individual benefits in conjunction with raising the minimum retirement age.
Theer is another more diabolical option. The government might find some way to liquidate everyone over 60...
he defined broke as you normally would in a government program, it spends more than allotted for originally and is funded with taxpayer income. Now you want to change the definition to suit your argument, typical liberal lie.
Raising taxes, yet again, is failure. The program originally had about a 2% payroll tax and we now stand at 13%, that is called failure. Your solutions are always the same, more taxes for what failed in the first place.
Funny how the left has no problem defining failure for a piece of military hardware or a war the same way as andylusion. We could endlessly fund any weapon system until it worked, but then you guys would be holding protests.
The narrative you think I changed is not my narrative. It comes from the SSA website. Secondly, the link and accompanying chart is referencing the depletion of the Trust Fund Reserves and cautions that the key point in that depletion for legislative action is when the "RESERVES" fall below 20%. That leaves some wiggle room and gives Congress time to choose one of two options: raise payroll taxes or reduce benefits by commensurate amounts.https://www.ssa.gov/OACT/TR/2016/709letter_DI_Senate_2016.pdf
So after responding to the mindless crap here, I happen to notice this letter to the Senate. The trustees are required by law, to inform congress, when reserves are going to fall below 20% of expenses. That is happening right now for Disability Insurance, and the rest later.
View attachment 113340
Only a mindless left winger can see a graph showing 0% as a future outcome, and conclude.... "it's not going broke!".
Stop with the unending ignorance. The facts win, over your opinion.Are you sincerely ignorant or conscientiously stupid? That is the question. Your graph validates everything I quoted the SSA positing on their website. Do you think hey would post a graph that contradicts their own report???? DUHHH! The zero represents the year the "reserves are depleted" but the system won't be "broke" because millions of workers will still be paying into it. And when all the baby boomers die out in the next 20 years or so, the reserves will start to rise again.
IN the interim, though, Congress will have to act by either raising the FICA taxes or reducing individual benefits in conjunction with raising the minimum retirement age.
Theer is another more diabolical option. The government might find some way to liquidate everyone over 60...
he defined broke as you normally would in a government program, it spends more than allotted for originally and is funded with taxpayer income. Now you want to change the definition to suit your argument, typical liberal lie.
Raising taxes, yet again, is failure. The program originally had about a 2% payroll tax and we now stand at 13%, that is called failure. Your solutions are always the same, more taxes for what failed in the first place.
Funny how the left has no problem defining failure for a piece of military hardware or a war the same way as andylusion. We could endlessly fund any weapon system until it worked, but then you guys would be holding protests.
)The 2015 FICA rate was 15.3% of which employees pay 7.65% while the employers pay 7.65%. Further here is a chart that refutes your spurious claim that the FICA tax is higher now than it has ever been. If you don't understand this chart get a fifth grader to help you!: