Who Should Have The Right To Vote?

[LoneLaugher]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

Sorry. You tried to pass off obvious bullshit. That wasn't posted as a parable.

It's OK.....USMB nutters often do that shit because their reality doesn't match their ideology.

.
Is reading comprehension still a challenge?

.

Nope. Just cop to your lie. It's the right thing to do.

 

[kaz]

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

So as long as government is solvent and can pay welfare it isn't welfare. Got it. Where is my pen? I'm learning so much today that want to write down.

While you are writing, note the difference between a paid for benefit and a gift.

That's the whole point. They saved nothing. They ... spent ... the ... money.

When I went to the grocery store today, I didn't create an asset, I spent the money. The money was gone. When I want to the gas station, I didn't have the money I spent on the gas anymore. I spent it.

When I put money in the bank, I have the money still. That is saving. That isn't what they did with social security. The government collected it and spent it.

Did you buy lunch today? Is the money you spent on a tuna sandwich still in your wallet? Why not? You seriously don't grasp this? Only government says money it spent is an asset, and only complete suckers believe them.

I understand that Social Security as it is presently administered is a train wreck waiting to happen. George Bush attempted to make a change but was blocked by the Democrats. Calling it welfare is not the answer and as you can see, the SS system in place will self destruct in the near future. What do you propose to do about it?

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

True, but not the point. Our parents created a welfare program. They gave us zero assets to pay for it. It is not an "insurance" program, there are no assets. None. It's just redistribution of wealth. Which is welfare.

 

[kaz]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

 

[kaz]

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

And again a question you didn't answer. How is loaning yourself money an asset? If you spent $100 and pay yourself back with interest, what does that even mean? Social Security goes into the general fund, payments come out of the general fund. They don't even separate it. When your pay goes into your checking, you pay your bills from your checking, how can you be saving the money you spent to pay your bills? And again, how is paying yourself back with "interest" from your checking to your checking meaningful to anyone but the most gullible sap? There are people who don't realize that. You do, it keeps getting explained to you. And it's not sticking.

Again, how is paying your bills from your checking account and paying yourself back from your checking to your checking with interest an asset? Explain please.

 

[percysunshine]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

Sorry. You tried to pass off obvious bullshit. That wasn't posted as a parable.

It's OK.....USMB nutters often do that shit because their reality doesn't match their ideology.

.
Is reading comprehension still a challenge?

.

Nope. Just cop to your lie. It's the right thing to do.

Lie recognition must also be on your list of weak skill sets. You are building a formidable list.

.

 

[TooTall]

.

When I was 6 years old, I gave my dad my Christmas wish list of toys and told him if Santa did not cough up the goods, I was going to take Santa to the Supreme Court.

It was a long, cold, and boring winter that year.

.

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

I am too lazy to look up the word, but I though it was funny. Thanks for the chuckle.

 

[TooTall]

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

And again a question you didn't answer. How is loaning yourself money an asset? If you spent $100 and pay yourself back with interest, what does that even mean? Social Security goes into the general fund, payments come out of the general fund. They don't even separate it. When your pay goes into your checking, you pay your bills from your checking, how can you be saving the money you spent to pay your bills? And again, how is paying yourself back with "interest" from your checking to your checking meaningful to anyone but the most gullible sap? There are people who don't realize that. You do, it keeps getting explained to you. And it's not sticking.

Again, how is paying your bills from your checking account and paying yourself back from your checking to your checking with interest an asset? Explain please.

Why don't you merely quit paying SS and Medicare taxes? I didn't invent this system and don't really care. I do not need SS or Medicare, but do not begrudge it to those that do. I would have to be an asshole like you to do that.

 

[LoneLaugher]

That isn't true.

Why would you invent that story and try to pass it off as truth? It isn't even witty.

.

If you look up the word 'parable' at dictionary.com, your angst will subside.

.

Sorry. You tried to pass off obvious bullshit. That wasn't posted as a parable.

It's OK.....USMB nutters often do that shit because their reality doesn't match their ideology.

.
Is reading comprehension still a challenge?

.

Nope. Just cop to your lie. It's the right thing to do.

Lie recognition must also be on your list of weak skill sets. You are building a formidable list.

.

Wrong again. No attempt to gain an ounce of cred, I see. Well done.

 

[TooTall]

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

[Where does Mutual of Omaha get the money to pay the beneficiary when someone dies?

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Everything the government pays for comes from taxes or money borrowed based on the full faith and credit of the US. EVERYTHING!

 

[JakeStarkey]

The evils of the far left and far right are obvious above.

 

[kaz]

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

And again a question you didn't answer. How is loaning yourself money an asset? If you spent $100 and pay yourself back with interest, what does that even mean? Social Security goes into the general fund, payments come out of the general fund. They don't even separate it. When your pay goes into your checking, you pay your bills from your checking, how can you be saving the money you spent to pay your bills? And again, how is paying yourself back with "interest" from your checking to your checking meaningful to anyone but the most gullible sap? There are people who don't realize that. You do, it keeps getting explained to you. And it's not sticking.

Again, how is paying your bills from your checking account and paying yourself back from your checking to your checking with interest an asset? Explain please.

Why don't you merely quit paying SS and Medicare taxes? I didn't invent this system and don't really care. I do not need SS or Medicare, but do not begrudge it to those that do. I would have to be an asshole like you to do that.

First of all, I didn't say I would not help anyone. We never discussed that. So my choices are that I don't consider social security to be a welfare program or I would help no one. Why do you get to decide those are my only choices?

I guess since based on logic I handed your ass to you, you decided to end the conversation by being a dick. Have a nice day.

 

[kaz]

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Everything the government pays for comes from taxes or money borrowed based on the full faith and credit of the US. EVERYTHING!

And still no answer to the question

 

[JakeStarkey]

SS and Medicare are not welfare programs.

Anybody who believes that is a loon.

 

[TooTall]

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Everything the government pays for comes from taxes or money borrowed based on the full faith and credit of the US. EVERYTHING!

And still no answer to the question

I will spell it out for you very s l o w l y. By your definition, any program the government funds that is done with either taxes collected or borrowed money from selling US Treasury bonds is welfare. If that is your preference, knock yourself out. That includes food stamp, SS, Medicare, US Army et al.

 

[bripat9643]

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

And again a question you didn't answer. How is loaning yourself money an asset? If you spent $100 and pay yourself back with interest, what does that even mean? Social Security goes into the general fund, payments come out of the general fund. They don't even separate it. When your pay goes into your checking, you pay your bills from your checking, how can you be saving the money you spent to pay your bills? And again, how is paying yourself back with "interest" from your checking to your checking meaningful to anyone but the most gullible sap? There are people who don't realize that. You do, it keeps getting explained to you. And it's not sticking.

Again, how is paying your bills from your checking account and paying yourself back from your checking to your checking with interest an asset? Explain please.

Why don't you merely quit paying SS and Medicare taxes? I didn't invent this system and don't really care. I do not need SS or Medicare, but do not begrudge it to those that do. I would have to be an asshole like you to do that.

It takes a special kind of stupid to ask someone why they don't stop paying taxes.

 

[bripat9643]

SS and Medicare are not welfare programs.

Anybody who believes that is a loon.

Of course they are welfare. They meet all the criteria of being a welfare program - the main one being the people paying the the taxes are not the ones receiving the benefit.

 

[bripat9643]

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Everything the government pays for comes from taxes or money borrowed based on the full faith and credit of the US. EVERYTHING!

And still no answer to the question

I will spell it out for you very s l o w l y. By your definition, any program the government funds that is done with either taxes collected or borrowed money from selling US Treasury bonds is welfare. If that is your preference, knock yourself out. That includes food stamp, SS, Medicare, US Army et al.

If that program involves writing checks to people who have done nothing in exchange for them, then it's welfare.

 

[bripat9643]

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Great question. This should clear up your confusion.

Mutual of Omaha collects premiums and invests the money in a combination of funds to protect principle but also allow the fund to grow. When a policyholder dies, they take the money out of the fund and pay the beneficiaries.

Social Security collected premiums and put the money in the General fund. They wrote themself an IOU and spent the money. When someone retires, they give their kids the bills to pay for their retirement and to pay back the IOUs the government wrote themselves because they never actually saved anything.

How are you not getting this?

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

I asked you this before. It operates exactly like food stamps. There are no assets. Just because government can tax enough to fund it, how does that make it not a welfare program? Explain how food stamps is not a welfare program since it works exactly the same way.

Everything the government pays for comes from taxes or money borrowed based on the full faith and credit of the US. EVERYTHING!

Your point? "The full faith and credit" of the federal government is worth about as much as a promise Obama makes.

 

[bripat9643]

Nothing that I didn't already know. Mutual of Omaha got the money to invest from voluntary policy holders who GAVE them the money to invest.

The bottom line is as long as the Federal government can require wage earners to pay SS taxes and can borrow money on the full faith and credit of the US economy, Social Security will be solvent.

Only according to the Mafioso definition of "solvent." According to the legal definition, SS went bankrupt a long time ago.

It isn't bankrupt until the Federal government can no longer sell US Treasuries, which is a back door method of the government borrowing money. If that day comes, you and I will have a helluva lot more to worry about than Social Security.

Sorry, but that's not how the courts define bankruptcy in the case of a private business. The minute it reneges on its financial obligations, it's bankrupt. SS has already done that multiple times.

They aren't bankrupt YET! I already posted this once, but here it is again.

"According to the Social Security Trustees, who oversee the program and report on its financial condition, program costs are expected to exceed non-interest income from 2011 onward. However, due to interest (earned at a 4.4% rate in 2011) the program will run an overall surplus that adds to the fund through the end of 2021.
Under current law, the securities in the fund represent a legal obligation the government must honor when program revenues are no longer sufficient to fully fund benefit payments. However, when the trust fund is used to cover program deficits in a given year, the Trust Fund balance is reduced. By 2033, the fund is expected to be exhausted. Thereafter, payroll taxes are projected to only cover approximately 75% of program obligations."

And again a question you didn't answer. How is loaning yourself money an asset? If you spent $100 and pay yourself back with interest, what does that even mean? Social Security goes into the general fund, payments come out of the general fund. They don't even separate it. When your pay goes into your checking, you pay your bills from your checking, how can you be saving the money you spent to pay your bills? And again, how is paying yourself back with "interest" from your checking to your checking meaningful to anyone but the most gullible sap? There are people who don't realize that. You do, it keeps getting explained to you. And it's not sticking.

Again, how is paying your bills from your checking account and paying yourself back from your checking to your checking with interest an asset? Explain please.

It amazes me how many drones don't understand this obvious fact.

 

[Carla_Danger]

Looks as if this thread has been kidnapped by the echo chamber.

Real Americans believe in one vote for every citizen and the majority wins.

That's what the mob of leeches believes in.

Man, you are one miserable little twerp.

ROFL! Why, because I understand democracy?

No, you Gawd damn sure don't.