laughingliberal
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Thu Aug-05-10 04:48 PM
Response to Original message |
| -Fight the Social Security Fear Mongers! |
alberg |
Aug-05-10 01:52 PM |
#0 |
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Who would unrec this? |
DJ13 |
Aug-05-10 01:54 PM |
#1 |
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Beats me. |
alberg |
Aug-05-10 01:55 PM |
#2 |
| -
People who understand the issue |
NoNothing |
Aug-05-10 02:08 PM |
#9 |
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The point is not the facts, it's how the facts are manipulated to create fear. |
alberg |
Aug-05-10 02:30 PM |
#15 |
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Are you saying all the years of surplus money in the trust fund is gone? |
mmonk |
Aug-05-10 04:18 PM |
#36 |
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Yes, of course it's gone |
NoNothing |
Aug-05-10 04:29 PM |
#38 |
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Technically, taxes don't pay for anything.. |
girl gone mad |
Aug-05-10 09:02 PM |
#48 |
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so is the money in your bank account, in that case. that money's been "spent" too. |
Hannah Bell |
Aug-05-10 09:22 PM |
#55 |
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We're saying.... |
sendero |
Aug-05-10 04:46 PM |
#42 |
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is that a threat? |
Hannah Bell |
Aug-05-10 09:26 PM |
#56 |
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Threat? |
sendero |
Aug-06-10 06:49 AM |
#88 |
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so what? the Trust Fund was built up with exactly that plan; to draw down funds (redeem from |
Hannah Bell |
Aug-05-10 04:28 PM |
#37 |
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The so what is that this is on top of the already bad state of government finance |
NoNothing |
Aug-05-10 04:33 PM |
#39 |
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recession (caused by banksters), bush tax cuts & war are the cause of the gov't finance problem, not |
Hannah Bell |
Aug-05-10 08:35 PM |
#46 |
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Over 10 years |
NoNothing |
Aug-06-10 01:03 AM |
#68 |
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Perhaps if you don't count the $4.6 trillion in secret loans the Fed made to banks and WS. nt |
laughingliberal |
Aug-06-10 01:12 AM |
#71 |
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we're not funding the deficit, we're repaying money borrowed from social security. |
Hannah Bell |
Aug-06-10 01:39 AM |
#78 |
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They used our FICA taxes to cover tax cuts for the rich. Time to pay us back. Anthing else is theft |
laughingliberal |
Aug-05-10 04:42 PM |
#41 |
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You've forgotten the multi-trillion savings SS has accumulated. |
pa28 |
Aug-05-10 10:05 PM |
#60 |
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Neocons/Neolibs |
glitch |
Aug-06-10 09:09 AM |
#90 |
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Excellent info...Should be on front page all the time so we can access it on a moments' notice. |
BrklynLiberal |
Aug-05-10 01:58 PM |
#3 |
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I agree. |
alberg |
Aug-05-10 02:01 PM |
#5 |
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One problem: Congress has raided SS to pay for other things |
OHdem10 |
Aug-05-10 01:59 PM |
#4 |
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So you agree with the R-wing meme that treasury bonds are worthless IOU's? |
ret5hd |
Aug-05-10 02:08 PM |
#7 |
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They are worthless to the government |
NoNothing |
Aug-05-10 02:09 PM |
#10 |
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But not worthless to the people who hold the debt - that's us by the way. |
alberg |
Aug-05-10 02:46 PM |
#20 |
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What are you on about? |
NoNothing |
Aug-05-10 02:53 PM |
#22 |
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See post #28 |
alberg |
Aug-05-10 03:24 PM |
#30 |
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if a private party holds a government bond, it's an ASSET. |
Hannah Bell |
Aug-05-10 09:06 PM |
#50 |
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It is because the SSA is an agency of the same entity that issued the bond |
NoNothing |
Aug-06-10 12:56 AM |
#65 |
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no, it's not "exactly like writing myself a check". It's more like "borrowing" the money your |
Hannah Bell |
Aug-06-10 01:32 AM |
#77 |
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Fine, take your scenario |
NoNothing |
Aug-06-10 01:42 AM |
#80 |
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I don't need any stupid scenarios. I UNDERSTAND THE REALITY. |
Hannah Bell |
Aug-06-10 01:51 AM |
#82 |
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Is the money we borrowed from China gone?. |
alberg |
Aug-06-10 09:55 AM |
#91 |
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Of course the money we borrowed from China is gone |
NoNothing |
Aug-06-10 12:19 PM |
#92 |
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The term "IOU" is a "trick" - using the term supports Myth #4 |
alberg |
Aug-05-10 02:15 PM |
#11 |
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The debt is real |
NoNothing |
Aug-05-10 02:38 PM |
#17 |
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OK, so let's first acknowledge that SS is not in danger of imminent collapse |
alberg |
Aug-05-10 03:06 PM |
#25 |
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It is projected to run a surplus, true |
NoNothing |
Aug-05-10 03:08 PM |
#26 |
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If your issue is the overall state of government finance, I share your concern. |
alberg |
Aug-05-10 03:21 PM |
#28 |
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Sensible measures |
NoNothing |
Aug-05-10 03:27 PM |
#32 |
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We are not going to pay off the deficit in one or two years. |
alberg |
Aug-05-10 03:57 PM |
#33 |
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I said "deficit," not "debt" |
NoNothing |
Aug-05-10 04:09 PM |
#34 |
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We don't need to run a balanced budget. |
girl gone mad |
Aug-05-10 09:10 PM |
#51 |
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good, because we haven't for most of the history of the us. if the deficit hawks were right, |
Hannah Bell |
Aug-05-10 09:29 PM |
#57 |
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Correct, so long as the economy grows faster than the debt |
NoNothing |
Aug-06-10 12:57 AM |
#66 |
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it doesn't have to cover this year's deficit. in fact, if it did it would be recessionary. |
Hannah Bell |
Aug-05-10 10:06 PM |
#61 |
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It's actually been revised up to 1.4 trillion |
NoNothing |
Aug-06-10 12:58 AM |
#67 |
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so what? you think that extra billion makes a difference? The US has run deficits |
Hannah Bell |
Aug-06-10 01:10 AM |
#70 |
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Sure, money isn't finite. |
NoNothing |
Aug-06-10 01:18 AM |
#73 |
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Yes, & it's people with money in hand that creates the DEMAND for productive labor. |
Hannah Bell |
Aug-06-10 01:23 AM |
#75 |
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Yes, out of future revenues: entirely as planned. The Trust Fund has assets of 2.5 trillion. |
Hannah Bell |
Aug-05-10 09:55 PM |
#59 |
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congress didn't "raid" SS. Congress didn't do anything to SS except raise levies in 1983 |
Hannah Bell |
Aug-05-10 08:40 PM |
#47 |
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No, you've got it wrong |
NoNothing |
Aug-06-10 01:14 AM |
#72 |
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no, i've got it right. no "special legislation" is required. |
Hannah Bell |
Aug-06-10 01:26 AM |
#76 |
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Imagine there was no trust fund at all |
NoNothing |
Aug-06-10 01:40 AM |
#79 |
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I don't have to imagine any such stupid scenario. I understand the reality perfectly well. |
Hannah Bell |
Aug-06-10 01:45 AM |
#81 |
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Yes, that would pay for it |
NoNothing |
Aug-06-10 01:58 AM |
#83 |
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Pay off the Trust Fund & return to the original pay-go financing arrangement. |
Hannah Bell |
Aug-06-10 02:04 AM |
#85 |
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It would make absolutely no sense for the government to "save" money in an SS fund. |
girl gone mad |
Aug-05-10 09:04 PM |
#49 |
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well. you're not gonna like this... |
BeFree |
Aug-05-10 02:02 PM |
#6 |
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You're gonna like this - because it's good news that is being suppressed- SS runs a surplus |
alberg |
Aug-05-10 02:41 PM |
#18 |
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And where does the interest income come from? |
NoNothing |
Aug-05-10 02:54 PM |
#23 |
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We print it from thin air. |
girl gone mad |
Aug-05-10 09:12 PM |
#52 |
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No, it shows up on the government balance sheet |
NoNothing |
Aug-06-10 01:09 AM |
#69 |
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+1000 nt |
laughingliberal |
Aug-05-10 04:47 PM |
#43 |
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the fact that you have to write 4,5,6 tells me you have no idea how many workers it takes to support |
Hannah Bell |
Aug-05-10 09:34 PM |
#58 |
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posted previously...once a week is not enough |
BrklynLiberal |
Aug-05-10 02:08 PM |
#8 |
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+1 |
Bozita |
Aug-05-10 02:16 PM |
#12 |
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Well, let's not let reality get in the way of a good myth! |
Jazzgirl |
Aug-05-10 02:44 PM |
#19 |
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Yep! That's how the big lie works, you just keep repeating it till folks start accepting it as true. |
alberg |
Aug-05-10 02:50 PM |
#21 |
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I received the email a few days ago and saved it so that I can have a handy reference guide. |
Altoid_Cyclist |
Aug-05-10 02:25 PM |
#13 |
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The myths you site are more factual than your realities. |
ItNerd4life |
Aug-05-10 02:28 PM |
#14 |
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See post #11. |
alberg |
Aug-05-10 02:36 PM |
#16 |
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You are incorrect |
NoNothing |
Aug-05-10 03:03 PM |
#24 |
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You are confusing the mechanics of the payment with who the money is owed to |
alberg |
Aug-05-10 03:14 PM |
#27 |
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The point is it is nonsensical to talk of the U.S. government's obligation to the SSA |
NoNothing |
Aug-05-10 03:23 PM |
#29 |
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The point is, the debt that the bonds cover, is a debt to the receipients of Social Security |
alberg |
Aug-05-10 04:16 PM |
#35 |
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Not it isn't |
NoNothing |
Aug-05-10 04:36 PM |
#40 |
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It is in a POLITICAL sense, & that's the sense that matters. |
Hannah Bell |
Aug-06-10 01:59 AM |
#84 |
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they *could*. but they won't. why are you repeating standard right-wing talking points? |
Hannah Bell |
Aug-05-10 10:08 PM |
#62 |
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Thanks. K & R |
Better Believe It |
Aug-05-10 03:25 PM |
#31 |
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K & R nt |
laughingliberal |
Aug-05-10 04:48 PM |
#44 |
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Sorry, it is a crisis |
Yo_Mama |
Aug-05-10 05:40 PM |
#45 |
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1. "This means that new legislation has to be passed to raise revenues coming into the program," |
Hannah Bell |
Aug-05-10 10:24 PM |
#64 |
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Top 5 Social Security Myths |
SugarShack |
Aug-05-10 09:12 PM |
#53 |
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"a coordinated attempt to erode support for Social Security, particularly among younger workers." |
bettyellen |
Aug-05-10 09:16 PM |
#54 |
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Yes. And it's working on many, some right here in this thread. nt |
laughingliberal |
Aug-06-10 01:20 AM |
#74 |
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K&R....n/t |
unkachuck |
Aug-05-10 10:11 PM |
#63 |
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K&R. Ignore the myth-spinners. |
Greyhound |
Aug-06-10 02:15 AM |
#86 |
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K&R |
raouldukelives |
Aug-06-10 02:24 AM |
#87 |
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The pusch is on, even KPFA's Free Speech Radio News had a puff piece on the "bi-partisan deficit com |
glitch |
Aug-06-10 09:04 AM |
#89 |
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