General Discussion

Agony

(2,605 posts)

61. When people retire they hoard _all_ their money in a teacup, right?

Thu Nov 15, 2012, 08:16 AM

Nov 2012

or do they inject it back into the economy by spending it on... oh say
food
housing
the grandkids
medicine
maybe even dinner out once a week
...

SS recipients are the real job creators.

We should be fighting to lower the retirement age not scrapping over how to hold the line...

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Workers have been paying higher social security taxes than necessary for 30 years. In 1983, [View all] HiPointDem Nov 2012 OP

K&R Thank you for this important reminder. woo me with science Nov 2012 #1

There is zero reason for SS to even be mentioned in these discussions about Government Debt. sabrina 1 Nov 2012 #2

+1 HiPointDem Nov 2012 #3

Thank you. n/t dmr Nov 2012 #6

+1 leftstreet Nov 2012 #7

"infuriating there is no clear statement from the Dem leadership putting this Republican lie to rest RepublicansRZombies Nov 2012 #22

But didn't the gov't 'borrow' all that money over time? Flatulo Nov 2012 #23

If you have any "worthless" US TBills please sent them to me. Vincardog Nov 2012 #28

That has nothing to do with SS creating any deficit. That fund belongs to the people who paid sabrina 1 Nov 2012 #41

Thanks for the explanation. Isn't it also true that if the credit rating of the US Flatulo Nov 2012 #52

Well Lefty Thinker Nov 2012 #65

The SS fund "and by extension US" gets the interest Vincardog Nov 2012 #78

I am glad someone else is pointing this out. lalalu Nov 2012 #76

Yes, it is a huge lie and should be corrected every time it rears its sabrina 1 Nov 2012 #80

Except that the government has been borrowing against it for a long time. progressoid Nov 2012 #27

That's what I was thinking. Since the Trust is filled with IOUs, benefits are being Flatulo Nov 2012 #33

The difference is WE already paid for our SS--we DID our part truebluegreen Nov 2012 #39

Borrowing money to pay off debt is a harmless exercise. lumberjack_jeff Nov 2012 #45

Yes they have, which puts the American People in the same category as China and Japan sabrina 1 Nov 2012 #44

You would stop the SS Trust fund from earning interest? FogerRox Nov 2012 #50

Yeah, but the bank doesn't have the JoeyT Nov 2012 #55

well then please suggest FogerRox Nov 2012 #79

Tammy Baldwin for President, 2016. n/t AnotherMcIntosh Nov 2012 #34

Actually, there is one reason Mnpaul Nov 2012 #37

Well, the US Govt has other creditors, China eg. And I believe now, Japan. The SS fund they sabrina 1 Nov 2012 #42

+ 1000 ... SS is the best-funded program ever ... SomeGuyInEagan Nov 2012 #66

yup, and now they want to claim that we cant spend the surplus we have plowed into Warren Stupidity Nov 2012 #4

Is there actually money in that trust fund? ... or did the government borrow it all, meti57b Nov 2012 #18

They don't keep the money in a bank account ToxMarz Nov 2012 #29

If you have any "worthless" US TBills please sent them to me. Vincardog Nov 2012 #30

If US TBills ever become worthless, our troubles will be MUCH bigger than an SS debate SomeGuyInEagan Nov 2012 #67

Duh, tell it to meti57b with his "money has been spend" BS Vincardog Nov 2012 #77

Wasn't disagreeing with you, Vincardog. SomeGuyInEagan Nov 2012 #81

No need to apologize you are doing good. Keep up the good work Vincardog Nov 2012 #82

Of course the gov't spent it all. dixiegrrrrl Nov 2012 #31

I Know People Say That, Meti57b, On the Road Nov 2012 #40

Can a question be an oxymoron? lumberjack_jeff Nov 2012 #46

Is there actual money in a treasury bill? Warren Stupidity Nov 2012 #47

Yes. The Fund is composed of special obligation bonds. Starfury Nov 2012 #53

Thank you. I keep telling people this, & for some reason dmr Nov 2012 #5

I think it is obvious that the people need to launch their own campaign to counter this sabrina 1 Nov 2012 #8

Any ideas on how we can do this? dmr Nov 2012 #10

If Tammy Baldwin is the only one to openly defend SS at this point: Baldwin for President, 2016 AnotherMcIntosh Nov 2012 #35

Bernie Sanders has been all over this for some time now Samantha Nov 2012 #54

Thx. If the Reps are using this so that their "friends" can benefit, I wonder who their friends are. AnotherMcIntosh Nov 2012 #62

Their "friends" are the people who finance their campaigns who expect favors in return Samantha Nov 2012 #72

Well, maybe take a lesson from how the Republicans spread around their propaganda. They sabrina 1 Nov 2012 #43

Let's back up the cart . . . aggiesal Nov 2012 #25

The trust runs out in 2033 OnlinePoker Nov 2012 #63

3/4 not 1/3 PETRUS Nov 2012 #64

Edit the post to 3/4 vice 1/3 OnlinePoker Nov 2012 #74

Hope you get some rest eventually! PETRUS Nov 2012 #75

All that needs to be done to prepare for that eventuality sabrina 1 Nov 2012 #71

One of the MANY arguments, (ok heated discussions) I had with my Repub father back in the day,, benld74 Nov 2012 #9

The 1983 negotiations were bi-partisan. former9thward Nov 2012 #36

yep. the committee was bipartisan and the congresspeople who approved the final bill were HiPointDem Nov 2012 #48

HUGE K & R !!! WillyT Nov 2012 #11

Exactly!!! Jim__ Nov 2012 #12

+1 Dustlawyer Nov 2012 #13

k&r Starry Messenger Nov 2012 #14

Beautifully and Succinctly Said! cer7711 Nov 2012 #15

That's one reason SS has a $2.6 trillion surplus. ErikJ Nov 2012 #16

Yes you said it Liberalynn Nov 2012 #17

Kick. limpyhobbler Nov 2012 #19

That $3 trillion in bonds the SS trust fund? That's a $3 trillion claim on rich Americans' money. reformist2 Nov 2012 #20

Perfect! RepublicansRZombies Nov 2012 #21

Precisely Sherman A1 Nov 2012 #24

K&R Teamster Jeff Nov 2012 #26

K&R nt TBF Nov 2012 #32

And the Trust Fund earns interest Starfury Nov 2012 #38

Thank you, I now I have mentioned it many times, as it is another sabrina 1 Nov 2012 #56

Yes, but right wingers want it in the stock market where they can steal it. nt Live and Learn Nov 2012 #60

Thanks for the info and the link! LongTomH Nov 2012 #69

thank you. nashville_brook Nov 2012 #49

That's the deal and they are sticking to it Generic Other Nov 2012 #51

I wish to hell more people would remember this. Le Taz Hot Nov 2012 #57

I don't think most people knew it in the first place. HiPointDem Nov 2012 #58

100% right. Live and Learn Nov 2012 #59

When people retire they hoard _all_ their money in a teacup, right? Agony Nov 2012 #61

BUTBUTBUT GREENSPUD SAVED SOCIAL SECURITY! pansypoo53219 Nov 2012 #68

Very well stated and very well tying the cause the effect..... WCGreen Nov 2012 #70

Ah, the Great, Good Ronald Reagan! Laelth Nov 2012 #73