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FogerRox

(13,211 posts)

72. In a recession long term solvency is hurt, in a good economy

Reply to dkf (Reply #70)

Fri Mar 22, 2013, 06:09 PM

Mar 2013

Its extended.

The estimate for the longevity of the fund is going down not up.

2013 SST report
Low cost estimate=2090
Intermediate cost=2033
High cost = 2029

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73 replies

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Social Security: Stealing the World's Largest Bank Account [View all] MannyGoldstein Mar 2013 OP

K/R (nt) NYC_SKP Mar 2013 #1

The one thing to worry about is "Democrats" who are willing to give away the store duffyduff Mar 2013 #2

What's more dangerous: a wolf, or MannyGoldstein Mar 2013 #3

A wolf is bad, but you know where the wolf stands duffyduff Mar 2013 #4

the worst yet, though, is the wolf masquerading as guardian dog...nt magical thyme Mar 2013 #38

lol's... KoKo Mar 2013 #46

Health care and Pensions have been coopted by the 1%, why not SS and Medicare? NYC_SKP Mar 2013 #5

+1,000 malaise Mar 2013 #39

k&r Starry Messenger Mar 2013 #6

K&R Obama sure won't quit trying to help the Predator Class. forestpath Mar 2013 #7

HUGE K & R !!! - Thank You !!! WillyT Mar 2013 #8

What they really want is to hand it over to Wall Street, so it can be stolen. reformist2 Mar 2013 #9

Yes, they do desire that very thing. But they believe WE stole it from THEM. Kurovski Mar 2013 #10

I'll chip in with you if you find one olddots Mar 2013 #32

I know, but we earned every god damned penny. FogerRox Mar 2013 #58

Yep and it has millions of financial backers. Every single one a voice in the austerity choir. raouldukelives Mar 2013 #68

Well, if Jeb Bush becomes president in 2016 Dan Mar 2013 #11

They can't steal it without the collusion of both parties. This is going to determine the future sabrina 1 Mar 2013 #12

I wish I could agree with you... ljm2002 Mar 2013 #19

I hear these even from age 40 something children of staunch Democrats... KoKo Mar 2013 #47

Good post, and there is not much I can disagree with you on. I do however think that sabrina 1 Mar 2013 #53

There is no "money" in the "trust fund". Every penny has already been spent. Nye Bevan Mar 2013 #13

They are no different from the rest of the debt. JDPriestly Mar 2013 #14

So all T-bills are worthless? Why then should anyone invest in them? I Dragonfli Mar 2013 #17

Sorry, where did I say that "all T-bills are worthless"? Nye Bevan Mar 2013 #18

Preferably through higher taxes, but printing the money works too. reformist2 Mar 2013 #21

By the usual methods a government raises money to pay debts, taxes Dragonfli Mar 2013 #25

About 130 billion per year..................... FogerRox Mar 2013 #60

The money will be raise the same way we are going to pay all our debts and continue rhett o rick Mar 2013 #64

What utter BS. Do you know that the American people are creditors of the US Government sabrina 1 Mar 2013 #22

No, I am not claiming that the US will, or should, default on any of its debt (nt) Nye Bevan Mar 2013 #23

Good, because that is a ridiculous claim and has been made for decades with no basis in fact sabrina 1 Mar 2013 #24

You are the one with the BS. dkf Mar 2013 #31

A little research project for you: MannyGoldstein Mar 2013 #34

Well the Reagan fixes were supposed to work for the 75 year budget. dkf Mar 2013 #35

Which year's Trustee report are you referring to? MannyGoldstein Mar 2013 #37

This is the Greenspan commission. dkf Mar 2013 #69

The 1983 guess was pretty good. FogerRox Mar 2013 #62

Going back 25 years the low cost estimate has been the most accurate. That says SS is good thru 2090 FogerRox Mar 2013 #61

Thank you! MannyGoldstein Mar 2013 #65

I hardly believe that when we weren't projected to be paying more than payroll receipts yet dkf Mar 2013 #70

In a recession long term solvency is hurt, in a good economy FogerRox Mar 2013 #72

While the big banks totally failed to meet their obligations and had to be bailed out sabrina 1 Mar 2013 #52

Full faith and credit... ljm2002 Mar 2013 #30

A guy at Big Lots was 840high Mar 2013 #15

I'm ready to go through their protectors and apologists and to Egalitarian Thug Mar 2013 #16

I posses excellent carpentry skills, and some knowledge of blade type weaponry Dragonfli Mar 2013 #27

Message auto-removed IR81 Mar 2013 #20

Nice post and welcome to DU IR81. bluesbassman Mar 2013 #29

Welcome olddots Mar 2013 #33

Recommend...and Welcome to DU! KoKo Mar 2013 #48

Do you know why this poster was PPRed? woo me with science Mar 2013 #59

You are correct. moondust Mar 2013 #26

DURec leftstreet Mar 2013 #28

You are correct. 99Forever Mar 2013 #36

Please stay. We need you. MannyGoldstein Mar 2013 #40

Bless you Manny. 99Forever Mar 2013 #45

I hear ya.... KoKo Mar 2013 #49

I have no time left for breaks. 99Forever Mar 2013 #50

For 30 years, I saw little evidence that things were getting better MannyGoldstein Mar 2013 #51

Take a break, not an exit. Recharge. Take care of yourself. No one can do this 24/7. Fire Walk With Me Mar 2013 #41

k/r marmar Mar 2013 #42

Part of the answer is to mercilessly, mercilessly petition our "leaders" to do the will of Fire Walk With Me Mar 2013 #43

K&R. bullwinkle428 Mar 2013 #44

Well said. Zorra Mar 2013 #54

It's ridiculous we have to fight Democrats over this. Autumn Mar 2013 #55

Step 1: Remove the Social Security contribution cap. Anyone who opposes that isn't serious. nt Romulox Mar 2013 #56

That is one of the reasons I voted for THIS guy: bvar22 Mar 2013 #57

I'll ask him when he gets back from canapes with Lloyd and Jamie MannyGoldstein Mar 2013 #67

Huge K&R woo me with science Mar 2013 #63

PROTEST! PROTEST! PROTEST! PROTEST! PROTEST! Hotler Mar 2013 #66

Please help spread this. prettymeadow Mar 2013 #71

Signed and Tweeted! Rhiannon12866 Mar 2013 #73