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Thu Dec 20, 2012, 07:46 PM

You know what would really strengthen Social Security, Leader Pelosi ....

Stop using the trust fund as a way to disguise how much the Defense Budget and Republican Tax Cuts are truly costing the taxpayers...

16 replies, 1419 views

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Arrow 16 replies Author Time Post
Reply You know what would really strengthen Social Security, Leader Pelosi .... (Original post)
WCGreen Dec 2012 OP
CaliforniaPeggy Dec 2012 #1
MiniMe Dec 2012 #2
WCGreen Dec 2012 #3
Trailrider1951 Dec 2012 #4
Blanks Dec 2012 #6
jeff47 Dec 2012 #5
Blanks Dec 2012 #7
jeff47 Dec 2012 #13
Blanks Dec 2012 #15
WCGreen Dec 2012 #8
jeff47 Dec 2012 #14
reformist2 Dec 2012 #9
daleanime Dec 2012 #11
Blanks Dec 2012 #16
WillyT Dec 2012 #10
BainsBane Dec 2012 #12

Response to WCGreen (Original post)

Thu Dec 20, 2012, 07:48 PM

1. NO KIDDING.

And it would do more than that.

It would allow us to trust our leaders to do the right thing.

What a concept.

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Response to WCGreen (Original post)

Thu Dec 20, 2012, 08:01 PM

2. Or stop borrowing against the SS trust fund

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Response to MiniMe (Reply #2)

Thu Dec 20, 2012, 08:04 PM

3. I thought that is what I said...

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Response to WCGreen (Original post)

Thu Dec 20, 2012, 08:06 PM

4. Or eliminate the cap on income, from about $110,000

to infinity. We old farts could not spend all the money, and there would be much left for our younger citizens when they retire.

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Response to Trailrider1951 (Reply #4)

Thu Dec 20, 2012, 09:08 PM

6. That's what I keep saying.

If the fund needs more money. Get more money. If it doesn't need more money; leave it alone.

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Response to WCGreen (Original post)

Thu Dec 20, 2012, 08:23 PM

5. What would you like done with the trust fund?

Would you like the money to just sit there?

The reason we've invested the trust fund in US securities is they pay interest, but are utterly safe - if the federal government collapses, Social Security checks aren't going to be a problem.

That interest is actually rather important - it's why Social Security is still in the black at this moment.

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Response to jeff47 (Reply #5)

Thu Dec 20, 2012, 09:15 PM

7. Invest the money in infrastructure.

Instead of defense.

Or alternative energy; instead of defense.
Or any kind of improvement where bonds can be issued to pay it back from property taxes; instead of defense.

We are borrowing from it to pay for defense spending. If we are going to spend the money on defense; let's at least make sure that it makes good economic sense to spend it. Make sure that we are getting our money's worth and it's not going into the pockets of the Halliburtons of the world.

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Response to Blanks (Reply #7)

Thu Dec 20, 2012, 11:33 PM

13. It is invested in infrastructure. And alternative energy

And everything else the government does. Because it's invested in the government.

We are borrowing from it to pay for defense spending

No, we are borrowing from it to pay for all government spending.

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Response to jeff47 (Reply #13)

Fri Dec 21, 2012, 01:03 AM

15. Over half of which is defense spending. eom

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Response to jeff47 (Reply #5)

Thu Dec 20, 2012, 09:17 PM

8. Valid Point....

When program revenues exceed payments (i.e., the program is in surplus) the extra funds are borrowed and used by the government for other purposes, but a legal obligation to program recipients is created to the extent this occurs. These surpluses add to the Trust Fund. At the end of 2011, the Trust Fund contained (or alternatively, was owed) $2.7 trillion, up $69 billion from 2010. The fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the federal government.



But these Bonds are not let out to the public but are funds lent to the US Government. If debt grows beyond a point point there would be a massive cash flow problem.

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Response to WCGreen (Reply #8)

Thu Dec 20, 2012, 11:34 PM

14. Except it won't be growing much more.

Because shortly the fund will no longer be in the black.

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Response to WCGreen (Original post)

Thu Dec 20, 2012, 09:18 PM

9. Or how about raising the cap, instead of lowering the benefits.


Oops. Sorry for the repetition!

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Response to reformist2 (Reply #9)

Thu Dec 20, 2012, 09:58 PM

11. Don't worry....

we're going to have to say that often and loudly if we want Washington to hear us.

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Response to reformist2 (Reply #9)

Fri Dec 21, 2012, 01:04 AM

16. I'm sorry. I didn't hear you.

Would you mind saying that again.

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Response to WCGreen (Original post)

Thu Dec 20, 2012, 09:37 PM

10. HUGE K & R !!! - Thank You !!!


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Response to WCGreen (Original post)

Thu Dec 20, 2012, 10:18 PM

12. if the Repugs split on the speaker vote

it could happen. And the Tea Baggers are nuts enough to do it.

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