Listening
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- Aug 27, 2011
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So then you admit the social security trust fund is a lie. Which if you read my argument through the thread, these can not both be true.
1) Clinton ran surpluses
2) There is a social security trust fund.
You cannot count revenue both as inflow into the general treasury and savings. If you have $100 you can spend it, or you can save it. You cannot spend it then also count it as savings.
Social Security History
Myth 4: President Roosevelt promised that the money the participants paid would be put into the independent "Trust Fund," rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement program, and no other Government program
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7 Myths You Probably Believe About Social Security - Forbes
Myth #2) Social Security won’t be there for young Americans.
Have you seen the statistic that more young Americans believe in UFOs than believe they’ll see a dime from Social Security? First, let’s start with the bad news. The Social Security trustees project that the Social Security trust fund will be depleted by 2033. At that point, there won’t be enough money in the system to pay all the promised benefits. That’s what people generally mean when they say the program is going “bankrupt.”
Now, here’s the good news. There will still be taxpayers paying into the system. (Bad news for them but good news for you if you’re collecting.) The trustees project there should be enough to pay between 75-80% of the benefits.
What does all this mean for you? You don’t have to assume Social Security won’t be there (which is practically politically impossible) but don’t assume you’ll get more than 75% of your projected benefits either. If the government ends up raising taxes, or increasing the retirement age, or reducing benefits more for higher-income people, you may end up with more than 75%, but it’s always better to err on the safe side.
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and finally -- Social Security Benefits Myths Fears Facts - AARP The Magazine
What Dante posted has nothing to do with kaz's point.
contributions of facts hardly ever have anything to do with what kaz posts. Dante agress
Dante spends too much time arguing on playgrounds.
Kaz pointed out that the same money can not be both an asset and spent. Dante did not address that. Dante talked about whether government can pay the checks in the future. Whether the government can or not has nothing to do with kaz's point.
Like economics accounting is a form of voodoo
Not sure I get that one.