suston96
(1000+ posts)
|
Wed Apr-01-09 12:13 PM
Response to Reply #18 |
| 29. It is a pay as you go system and there is no large warehouse with surplus dollars..... |
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All actual money collected goes into the general treasury to be used as needed for all government expenses.
Now how the accounting is done by different administrations is another story. They aren't fooling anyone with their juggled bookkeeping. And there you have a point.
Despite the dire prediction in the OP there will be surpluses. Hopefully for a long, long time. Let's see what the retiring boomer generation and the crappy economy does to the so called surplus.
|
 Recession Puts a Major Strain On Social Security Trust Fund |
kpete |
Mar-31-09 12:25 PM |
#0 |
 
good thing we didn't privatize SS eh? |
Rambis |
Mar-31-09 12:26 PM |
#1 |
 
No kidding. |
TwilightZone |
Mar-31-09 01:00 PM |
#6 |
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So let's all pretend to be Republicans and ignore the whole financial mess. |
sinkingfeeling |
Mar-31-09 12:43 PM |
#2 |
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We need to increase the ceiling on FICA payments -- $100,000 is where we're at now, I think? |
defendandprotect |
Mar-31-09 12:45 PM |
#4 |
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There is no cap on the Medicare tax |
dflprincess |
Mar-31-09 01:11 PM |
#8 |
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It Isn't Clear Why SS Has a Ceiling At All |
AndyTiedye |
Mar-31-09 01:15 PM |
#9 |
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Yes it is! Removing the cap would go a long way |
Overseas |
Mar-31-09 01:30 PM |
#10 |
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First, I think permitting Repugs to use the term "entitlements" .... |
defendandprotect |
Mar-31-09 10:03 PM |
#16 |
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Increasing the cap would also increase payout to those paying the higher amount |
hugo_from_TN |
Mar-31-09 01:50 PM |
#12 |
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That is where a limit could be placed. |
JDPriestly |
Mar-31-09 02:14 PM |
#14 |
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It's really about broadening the burden of FICA . . . |
defendandprotect |
Mar-31-09 10:09 PM |
#17 |
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What a lovely little pacifying rationale. Yeah, let's not bother the Top Tier. |
Overseas |
Apr-01-09 02:59 PM |
#30 |
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You're right, but now is not the time to go into that. |
amandabeech |
Mar-31-09 01:58 PM |
#13 |
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the bailed out bankers and CEos wont have to worry about their retirement |
Mari333 |
Mar-31-09 12:45 PM |
#3 |
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And then . . . "slash the defense budget" by 75% and let's MoveOn!.... |
defendandprotect |
Mar-31-09 12:54 PM |
#5 |
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Oh, wow - so lost jobs means the SS surplus will dwindle? |
suston96 |
Mar-31-09 01:04 PM |
#7 |
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Wait . . . the poor and the middle class have had to pay more into FICA .... |
defendandprotect |
Mar-31-09 10:24 PM |
#18 |
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It is a pay as you go system and there is no large warehouse with surplus dollars..... |
suston96 |
Apr-01-09 12:13 PM |
#29 |
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Aaawww, they can't keep stealing, er "borrowing" SS funds to "balance the books"! |
gulfcoastliberal |
Mar-31-09 01:35 PM |
#11 |
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I think they've already been preparing us for for "cuts" . . .. |
defendandprotect |
Mar-31-09 10:27 PM |
#19 |
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AARP got coopted by big $ |
gulfcoastliberal |
Apr-01-09 12:11 AM |
#23 |
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Why don't we have an organization of retirees to protect Social Security? |
defendandprotect |
Apr-01-09 09:53 AM |
#28 |
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The system is back asswards, Exempt the first 30K and eliminate the cap. |
No Elephants |
Mar-31-09 03:45 PM |
#15 |
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Exactly . . . we give the poorest the privilege of paying taxes --- !!!! |
defendandprotect |
Mar-31-09 10:33 PM |
#20 |
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now THAT would be a stimulus program. |
dysfunctional press |
Apr-01-09 12:27 AM |
#24 |
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Obama should start that right away. Seriously. |
avaistheone1 |
Apr-01-09 01:03 AM |
#25 |
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if nothing else, maybe it could give a couple repuke senators strokes... |
dysfunctional press |
Apr-01-09 01:08 AM |
#27 |
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Hah, wait a few years...keep up w/outsourcing...you ain't seen nothin' yet!! |
InkAddict |
Mar-31-09 11:48 PM |
#21 |
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What's even more insane the bailed out bankers are using our taxpayer dollars |
avaistheone1 |
Apr-01-09 01:05 AM |
#26 |
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Pardon my cynicism |
Samantha |
Apr-01-09 12:03 AM |
#22 |
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k i c k |
defendandprotect |
Apr-01-09 09:54 PM |
#31 |
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