we need to privatize Social Security, my friends

[mudwhistle]

we need to privatize Social Security, my friends


As evidenced by the market decline and the lost year to investors.

Actually if you know anything about the market, you'd realize that every time the Fed threatens to raise interest rates you get a selloff. Also, it doesn't help that Mad Maxine is going to be taking over banking in Congress.
That would scare the piss out of lots of investors.

Yeah, that's it. Obviously you can show us all of the previous years where investors made nothing for the year due to a tenths of a point increase in interest rates, professor.

Uh.....the interest rates were pretty much frozen during the entire Obama Administration.
Only now, once Trump was in office, did they decide that the economy was becoming inflationary and needed to be tamped down.

Oh, and BTW, I predicted this would happen if a Republican won back the WH.
It would have happened sooner if Romney had won.

 

[Dont Taz Me Bro]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

But then Democrats can't control it and use it to scare old people into voting for them at election time

its not just the dems .. 43 had a majority congress when he informed the country he was going to spend his political capital and privatize SS .

how did that work out -

Thank you for proving my point, although I didn't need your assistance.

 

[velvtacheeze]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

SS has worked well for decades. The only issues are it being underfunded by GOP Congresses. We need to increase SS taxes on the wealthy by lifting the income cap significantly. As a generational wealth transfer program, it's a smashing success, and very popular with the voters, especially the old, white conservatives who support Trump while spooging off the taxpayers with SS and Medicare, all while deluding themselves into thinking that they are not socialist programs.

In what way is paying into Social Security all of your life and then collecting benefits when you retire SPONGING off of the taxpayers???? I've paid into it since 1972. And now that I'm old enough to collect you say I'm a leech.

The money that you're getting in your monthly check isn't yours. The money that you "paid into" went to the elderly recipients that were eligible to receive it at that time, and the money that I'm paying now is not some "investment". It's transferred to current eligible recipients SS is not an investment. It's a generational wealth-transfer program. It works. It's worked well for decades. The right-tards have been whining about since FDR was alive. Get over it, already. What a bunch of historical sore-losers you dingalings are.

 

[Siete]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

But then Democrats can't control it and use it to scare old people into voting for them at election time

its not just the dems .. 43 had a majority congress when he informed the country he was going to spend his political capital and privatize SS .

how did that work out -

Thank you for proving my point, although I didn't need your assistance.

welcome - most of the time you need all the help you can get.

 

[whitehall]

It's not widely publicized but the federal government started stealing the FICA revenue as soon as it was established. LBJ finally made it "legal" that the taxes would go into the general fund. There is no locked box. When president George W. Bush tried a mild change to Social Security where a person would be able to voluntarily put 2 or 3 percent in the stock market and be able to will the proceeds to heirs in case he died before he was eligible, the democrats went freaking nuts. Democrats depend on the theft of social security taxes and they ain't about to let it go. Don't even think of changes to social security during a democrat majority in the House.

 

[Siete]

It's not widely publicized but the federal government started stealing the FICA revenue as soon as it was established. LBJ finally made it "legal" that the taxes would go into the general fund. There is no locked box. When president George W. Bush tried a mild change to Social Security where a person would be able to voluntarily put 2 or 3 percent in the stock market and be able to will the proceeds to heirs in case he died before he was eligible, the democrats went freaking nuts. Democrats depend on the theft of social security taxes and they ain't about to let it go. Don't even think of changes to social security during a democrat majority in the House.

now thats some spin right there ^^^^^^^^^^

 

[Anathema]

It works. It's worked well for decades. The right-tards have been whining about since FDR was alive. Get over it, already. What a bunch of historical sore-losers you dingalings are.

It doesn’t work. It takes more and more workers every year to cover the outlay of money to the wastes of flesh and oxygen (including members of my own family) who collect. Eventually there will not be enough workers to cover what is being paid out.

 

[Andylusion]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

So, that is not going to happen. Government is dependent on that revenue, as it has been since the 1930s when the program was created.

As long as that money is in the government, they are going to use it.

Just think about it logically.

Say we have another recession. Tax revenue drops. There is a shortage of money to pay government expenses like Medicare.

You can do one of the following.

A: They can cut Medicare, because we don't have the money.
B: They can increase taxes during a recession.
C: They can use the money from Social Security, and no one will notice.

If they do A, then the public screams, and they get voted out.
If they do B, then the public screams, and they get voted out.

If they do C, then everyone says "They are funding Medicare and helping us!"

Do you really think they are going to pass a law, that prevents them from avoiding being voted out of office?

Of course not. The only solution is to remove our money, from their hands. When they don't have our money, they can't use it for their own advancement.

 

[evenflow1969]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

Or we could pass a law that it can not be raided for other purposes.

So, that is not going to happen. Government is dependent on that revenue, as it has been since the 1930s when the program was created.

As long as that money is in the government, they are going to use it.

Just think about it logically.

Say we have another recession. Tax revenue drops. There is a shortage of money to pay government expenses like Medicare.

You can do one of the following.

A: They can cut Medicare, because we don't have the money.
B: They can increase taxes during a recession.
C: They can use the money from Social Security, and no one will notice.

If they do A, then the public screams, and they get voted out.
If they do B, then the public screams, and they get voted out.

If they do C, then everyone says "They are funding Medicare and helping us!"

Do you really think they are going to pass a law, that prevents them from avoiding being voted out of office?

Of course not. The only solution is to remove our money, from their hands. When they don't have our money, they can't use it for their own advancement.

No I do not as I have sad. Is this thier fault our is it the voting public? If the voting public sent a message we do not care about R or D in front of the bill and voted them out when they raid it it would work. Right now divide the public and do what the fuck ya want. I geuess I can not blame them I have used the stratigy my self on people. Get them pissed at each other and I do what I want. I was a child when that stratigy was deployed but ut was effective if ya got no concience.

 

[velvtacheeze]

It works. It's worked well for decades. The right-tards have been whining about since FDR was alive. Get over it, already. What a bunch of historical sore-losers you dingalings are.

It doesn’t work. It takes more and more workers every year to cover the outlay of money to the wastes of flesh and oxygen (including members of my own family) who collect. Eventually there will not be enough workers to cover what is being paid out.

"Social Security is going to collapse, all y'all ! Derp!" PFFFFFT. Knock it off. How many decades are rightwing kookballs gonna make this prediction? I've grown up hearing it. I've come to the conclusion that's it's what the wingnuts WANT to happen, not what will happen. Just stfu.

 

[Siete]

look people, Congress won't make any radical moves to SS or immigration - they have had an opportunity to do both when one party controlled both houses, and did nothing at all.

Walls and SS reform is board fodder, enjoy.

 

[Anathema]

"Social Security is going to collapse, all y'all ! Derp!" PFFFFFT. Knock it off. How many decades are rightwing kookballs gonna make this prediction? I've grown up hearing it. I've come to the conclusion that's it's what the wingnuts WANT to happen, not what will happen. Just stfu.

You are absolutely correct that I want to see SS and SSDI become insolvent. I ache to see the elderly, the lazy and the infirm dying on the streets. It would give me the greatest pleasure to see single mothers and their infants starving in boxes under the bridges. Nothing would make me happier. ITS WHAT THEY DESERVE!!!!!!

 

[Vandalshandle]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

… another graduate of Trump University...

 

[mudwhistle]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

SS has worked well for decades. The only issues are it being underfunded by GOP Congresses. We need to increase SS taxes on the wealthy by lifting the income cap significantly. As a generational wealth transfer program, it's a smashing success, and very popular with the voters, especially the old, white conservatives who support Trump while spooging off the taxpayers with SS and Medicare, all while deluding themselves into thinking that they are not socialist programs.

In what way is paying into Social Security all of your life and then collecting benefits when you retire SPONGING off of the taxpayers???? I've paid into it since 1972. And now that I'm old enough to collect you say I'm a leech.

The money that you're getting in your monthly check isn't yours. The money that you "paid into" went to the elderly recipients that were eligible to receive it at that time, and the money that I'm paying now is not some "investment". It's transferred to current eligible recipients SS is not an investment. It's a generational wealth-transfer program. It works. It's worked well for decades. The right-tards have been whining about since FDR was alive. Get over it, already. What a bunch of historical sore-losers you dingalings are.

Sore losers???

OH THE IRONY!!!!!

 

[Lesh]

"Social Security is going to collapse, all y'all ! Derp!" PFFFFFT. Knock it off. How many decades are rightwing kookballs gonna make this prediction? I've grown up hearing it. I've come to the conclusion that's it's what the wingnuts WANT to happen, not what will happen. Just stfu.

You are absolutely correct that I want to see SS and SSDI become insolvent. I ache to see the elderly, the lazy and the infirm dying on the streets. It would give me the greatest pleasure to see single mothers and their infants starving in boxes under the bridges. Nothing would make me happier. ITS WHAT THEY DESERVE!!!!!!

Fuck this guy

 

[Mr.Blonde]

Keep SS as it is and just make some adjustments

If you want privatized. Just get a 401k

So true.
There is nothing stopping anyone from making as many investments as they wish.
The market losses this year show us very clearly why we should never privatize SS.

I find it hilarious that these soft brains would choose now to make such an argument.

I will as soon as the thugs at the IRS not only give me all the money they stole from me, but also stop stealing from me.

 

[Anathema]

Fuck this guy

Yeah, because expecting MY hard earned money to go into MY pocket and not the pockets of the lazy, the stupid, the criminal and other wastes of flesh and oxygen is such a crime.

I already provide completely for myself and my wife; along with providing shelter to 11 other members of her family who combine to bring in less monthly income (including State and Federal benefits) than I bring home from my job. I don’t need to be contributing to the maintenance of other wastes of flesh and oxygen I don’t even know.

 

[dblack]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

No.

Don't worry. We can include a provision for people who want government to continue raiding, er, managing their retirement savings.

 

[mudwhistle]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

… another graduate of Trump University...

This is part of our taxes that nobody but Congress can touch. We can't even change how much is taken out every month like we can our payroll taxes.
So Congress has been robbing us of this cash.
It's their private little cookie jar.
And it's all legal.
That's why Democrats cheered when Bush said he was ending the push for privatization in his SOTU address.

 

[Seawytch]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

This is what Democrats cheered about when Bush said he had to give up on privatizing SS.
Social Security is being pilfered by Congress.
Most of our money is added to the debt every year....Obama stole trillions from the fund.
Eventually they will tell us that all of that cash is just gone and we need to forget about it.

ODS rears its stupid, uninformed head again...

https://www.quora.com/How-much-has-each-president-since-1983-borrowed-from-Social-Security

Uh.....just because a previous president borrowed from it, does that excuse taking trillions from the fund???

Well, in the mind of a Democrat,.....yes it does.

And your link says Obama used every penny to pay benefits.....but it forgets to say who's benefits it paid. How much went to paying union benefits, refugee benefits, illegal immigrant's benefits?
And where did Obama get $32 billion to send to Iran???
Where did he get his hundreds of millions to pay illegal's legal fees??

Wow..that link also doesn't say anything about the face eating lizard people from Zargon, but what are ya gonna do?