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Reply #140: Actually, the fix put in during the Reagan administration changed that [View All]

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dflprincess Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-03-11 09:56 PM
Response to Reply #135
140. Actually, the fix put in during the Reagan administration changed that
That's when the rate went up and the Boomers began paying for both our parents' and our Social Security benefits. It's also why SS is solvent and will remain that way for quite a while.

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  -The money you put into social security isn't yours. dkf  Aug-03-11 09:19 AM   #0 
  - What's your point?  DURHAM D   Aug-03-11 09:22 AM   #1 
  - Deleted sub-thread  Name removed   Aug-03-11 09:24 AM   #3 
  - Accept what your benevolent government decides or you're helping elect Sarah Palin.  JackRiddler   Aug-03-11 10:35 AM   # 
  - Didn't quite pull that one off, I'm afraid.  WinkyDink   Aug-03-11 11:20 AM   #42 
  - I think the point is it's a communist plot  Capn Sunshine   Aug-03-11 09:40 PM   #138 
  - Yes, I understand that future SS payments to me come from the status quo of  no_hypocrisy   Aug-03-11 09:23 AM   #2 
  - You do realize privatizing social security is getting rid of it, don't you?  mmonk   Aug-03-11 09:25 AM   #4 
  - I'm actually trying to fix the misconception that the money we put in is ours.  dkf   Aug-03-11 01:54 PM   #87 
     - It depends on if the concept of we the people still exists, that we are the  mmonk   Aug-03-11 04:31 PM   #101 
        - Well for one, the $2.2 trillion fund would pay the $700 billion in yearly SS payments for 3 years  dkf   Aug-03-11 06:38 PM   #110 
           - It's 2.7 and we're ok for 25 more years.  mmonk   Aug-03-11 09:47 PM   #139 
  - Odd framing of facts everyone knows. What is your point?  Bluenorthwest   Aug-03-11 09:25 AM   #5 
  - distortion intended to push privatization  amborin   Aug-03-11 12:24 PM   #57 
     - Actually just pointing out that people are assuming it's already privatized  dkf   Aug-03-11 01:01 PM   #73 
  - It's a transfer program. Unrec. Why do you hate SS so much? Every day it's a new post.  jtown1123   Aug-03-11 09:27 AM   #6 
  - +1  xchrom   Aug-03-11 09:29 AM   #7 
  - Deleted message  Name removed   Aug-03-11 09:35 AM   #12 
  - Deleted sub-thread  Name removed   Aug-03-11 10:04 AM   #21 
  - +1+1+1+1  nashville_brook   Aug-03-11 12:00 PM   #47 
  - Good question.  Rex   Aug-03-11 01:56 PM   # 
  - Deleted message  Name removed   Aug-03-11 03:24 PM   #95 
  - +1  pinboy3niner   Aug-03-11 03:55 PM   #97 
  - Deleted message  Name removed   Aug-03-11 05:49 PM   #109 
  - everyone knows too  fascisthunter   Aug-03-11 06:56 PM   #118 
  - I am a donor to the party, to Obama, to my Rep, huge for Howard Dean.  dkf   Aug-03-11 09:27 PM   #134 
     - Sell the garbage somewhere else.  girl gone mad   Aug-03-11 09:38 PM   #137 
  - It's a mission, apparently. Unrec for the OP, big thumbs up for you.  scarletwoman   Aug-03-11 09:24 PM   #133 
  - The money may not be "ours", but...  RC   Aug-03-11 09:30 AM   #8 
  - there is no contractural right  alc   Aug-03-11 10:10 AM   #23 
     - It is not a right in the sense that Congress can amend the SS laws. UNTIL such  WinkyDink   Aug-03-11 05:13 PM   #106 
  - We Know That Already  Yavin4   Aug-03-11 09:31 AM   #9 
  - The average 401K comes to about 98,000  Skink   Aug-03-11 09:34 AM   #10 
  - Same song, same verse, same singer.  hobbit709   Aug-03-11 09:34 AM   #11 
  - Remember the 700th time you heard "stairway to heaven"?  lumberjack_jeff   Aug-03-11 10:18 AM   #26 
  - I'm still not breaking through.  dkf   Aug-03-11 01:33 PM   #82 
  - ops wrong spot  whatchamacallit   Aug-03-11 10:30 PM   #142 
  - Privatization wouldn't guarantee anything--want to take a look at  lonestarlib   Aug-03-11 09:40 AM   #13 
  - Is it like mine-a 101a?  hobbit709   Aug-03-11 09:43 AM   #14 
  - That 401k is still yours. It's not going to be used to fund the next guy's retirement.  dkf   Aug-03-11 09:46 AM   #15 
     - Oh my God. You think Grandpa & Grandma depleted SS?  Oilwellian   Aug-03-11 09:51 AM   #19 
     - There was no fund there for them to deplete.  dkf   Aug-03-11 11:45 AM   #43 
     - Look. Just argue from your own selfish viewpoint and use the pronoun "I". Drop "the later guys".  WinkyDink   Aug-03-11 10:26 AM   #29 
     - I'm not expecting anything.  dkf   Aug-03-11 11:48 AM   #44 
        - Do you always drink the republiCON tea? n/t  dgibby   Aug-03-11 01:07 PM   #75 
        - Thanks. Your concern is duly noted.  WinkyDink   Aug-03-11 05:14 PM   #107 
     - How many times do you have to be reminded..  girl gone mad   Aug-03-11 12:51 PM   #66 
        - Your economic lesson on how we can print numerous trillion dollar coins  dkf   Aug-03-11 01:18 PM   #78 
           - We can do it to retire all of the debt.  girl gone mad   Aug-03-11 04:19 PM   #99 
              - Why doesn't Paul Krugman advocate this?  dkf   Aug-03-11 06:47 PM   #114 
                 - You can read Krugman's opinion on the platinum coin solution..  girl gone mad   Aug-03-11 07:10 PM   #122 
                    - He says it sounds "ridiculous".  dkf   Aug-03-11 07:43 PM   #124 
                       - He says it "sounds" ridiculous, but he also says "why not use it?"  girl gone mad   Aug-03-11 07:48 PM   #125 
  - This is a very important point  alcibiades_mystery   Aug-03-11 09:48 AM   #16 
  - +1. In some ways the Trust Fund confuses things more.  Recursion   Aug-03-11 10:20 AM   #27 
  - VERY nice post! But we have not seen any new tools which seem to fit your bill.  Pholus   Aug-03-11 10:46 AM   #39 
  - Nice point yourself! n/t  JimDandy   Aug-03-11 04:14 PM   #98 
  - Self-delete due to technical error. n/t.  Uncle Joe   Aug-03-11 01:00 PM   #72 
  - Excellent post, alcibiades_mystery.  Uncle Joe   Aug-03-11 01:02 PM   #74 
  - Thank you.  dkf   Aug-03-11 01:15 PM   #77 
  - You mean there's not a pile of money stashed away with *MY* name on it?  Cirque du So-What   Aug-03-11 09:51 AM   #17 
  - As all Republicans Always say.  kenny blankenship   Aug-03-11 09:51 AM   #18 
  - The money we put into SS was not put there to fund government operations.  Jim__   Aug-03-11 09:57 AM   #20 
  - And I'm so grateful that 'some people' are working sofa king HARD on their behalf!  Cirque du So-What   Aug-03-11 10:07 AM   #22 
  - No. It's "ours".  lumberjack_jeff   Aug-03-11 10:17 AM   #24 
  - You're really trying hard not to call SS a "Ponzi scheme," aren't you?  WinkyDink   Aug-03-11 10:18 AM   #25 
  - Eighty years worth, with at least 30 years left... some Ponzi scheme!  JackRiddler   Aug-03-11 10:42 AM   #38 
  - Lol. I just described how it works.  dkf   Aug-03-11 12:01 PM   #48 
  - Well, from what I can see  EC   Aug-03-11 10:23 AM   #28 
  - Come on dkf  kctim   Aug-03-11 10:35 AM   #30 
  - Arguing for the Republican side doesn't sit well here, that is true. Your point, though?  WinkyDink   Aug-03-11 10:38 AM   #32 
  - My point is that  kctim   Aug-03-11 12:21 PM   #55 
  - if you are a republican I guess you could conclude what you have  fascisthunter   Aug-03-11 10:39 AM   #35 
  - who's money is it?  TK421   Aug-03-11 10:36 AM   #31 
  - It went to a retiree.  dkf   Aug-03-11 12:05 PM   #50 
     - Well, I am a retiree, so does that mean the money  RebelOne   Aug-03-11 12:26 PM   #58 
        - Someone else gave it to you  dkf   Aug-03-11 12:35 PM   #61 
           - so...we're giving it to each other? and the money belongs to no one?  TK421   Aug-03-11 01:59 PM   #89 
              - It's a pay as you go system  dkf   Aug-03-11 02:21 PM   #91 
                 - whew! OK, I thought I was reading that the money won't be there for me someday  TK421   Aug-03-11 02:33 PM   #92 
                    - There is no money in there or not enough to represent what you paid in.  dkf   Aug-03-11 03:07 PM   #94 
  - more anti-ss BS  fascisthunter   Aug-03-11 10:38 AM   #33 
  - Here I'll post this for you too. It's from the social security administration.  dkf   Aug-03-11 12:08 PM   #51 
  - I love the fact that DU is now a place to disparage Social Security.  madfloridian   Aug-03-11 10:38 AM   #34 
  - DU has a liberal immigration policy. ;-)  WinkyDink   Aug-03-11 10:39 AM   #36 
  - Describing how social security works is disparaging it?  dkf   Aug-03-11 12:10 PM   #52 
  - Deleted message  Name removed   Aug-03-11 12:33 PM   #60 
  - +1  leftstreet   Aug-03-11 12:57 PM   #69 
  - The money you put in equities or bonds or Wall Street "retirement accounts" isn't yours, either.  JackRiddler   Aug-03-11 10:40 AM   #37 
  - Very good reply.  Bluenorthwest   Aug-03-11 11:02 AM   #41 
  - i've seen that avatar before. jon, is it you? eom  ellenfl   Aug-03-11 12:03 PM   #49 
  - Nope, sorry.  JackRiddler   Aug-03-11 12:35 PM   #62 
     - that's ok. you never know if you don't ask. eom  ellenfl   Aug-04-11 10:55 AM   #146 
  - Stocks and bonds are assets that you own like any other thing you own.  dkf   Aug-03-11 12:16 PM   #53 
     - Retirement accounts are NOT like that at all.  JackRiddler   Aug-03-11 12:39 PM   #63 
        - What does gain or loss or penalties have to do with ownership?  dkf   Aug-03-11 01:37 PM   #83 
  - What we have here  pscot   Aug-03-11 10:59 AM   #40 
  - But the people that want to fuck with it answer to me & about 57 million other Americans.  William769   Aug-03-11 11:50 AM   #45 
  - Exactly.  dkf   Aug-03-11 12:18 PM   #54 
  - Then I demand it be left on my paycheck.  Modern_Matthew   Aug-03-11 11:57 AM   #46 
  - BILGE! don't distort to push privatization; workers' payroll taxes fund Soc Sec, it's their $$  amborin   Aug-03-11 12:22 PM   #56 
  - If you believe in a system where what you pay in goes to a retiree then you  dkf   Aug-03-11 12:48 PM   #64 
     - stop pushing privatization  amborin   Aug-03-11 12:50 PM   #65 
        - I'm not pushing it. I'm just pointing out that some seem to think  dkf   Aug-03-11 12:58 PM   #71 
  - Wheeee! Right wing talking points! Privatized accounts are the way ahead for the private individual!  AlabamaLibrul   Aug-03-11 12:27 PM   #59 
  - Or maybe you could cheer for a system where you pay for retirees and  dkf   Aug-03-11 12:55 PM   #67 
  - But unemployment money IS yours  Taverner   Aug-03-11 12:56 PM   #68 
  - I guess I would call it group term insurance if I needed to categorize it  dkf   Aug-03-11 01:14 PM   #76 
  - unRec  leftstreet   Aug-03-11 12:58 PM   #70 
  - This is why the Democrats will lose you all when they try to fix social security  dkf   Aug-03-11 01:23 PM   #79 
  - Please explain why Wall Street & the DOD think OUR $$ belongs to THEM  leftstreet   Aug-03-11 01:25 PM   #80 
  - What needs to be fixed about SS? Just raise the damn cap.  jtown1123   Aug-03-11 01:41 PM   #84 
     - Lol that is a fix!  dkf   Aug-03-11 01:51 PM   #85 
  - It's actually the opposite of the RW talking point  metalbot   Aug-03-11 01:51 PM   #86 
     - Thank you.  dkf   Aug-03-11 06:53 PM   #116 
  - Deleted message  Name removed   Aug-03-11 01:27 PM   #81 
  - He gets it.  dkf   Aug-03-11 01:56 PM   #88 
  - Cat  RUMMYisFROSTED   Aug-03-11 02:01 PM   #90 
  - Correct - its a premium payment on an insurance policy, and you own it.  ThomWV   Aug-03-11 02:38 PM   #93 
  - Not anymore!  bvar22   Aug-03-11 03:45 PM   #96 
  - Fascinating thread. Nobody has disputed the accuracy of your statement,  Nye Bevan   Aug-03-11 04:28 PM   #100 
  - You must not have read every post.  WinkyDink   Aug-03-11 04:56 PM   #103 
  - Calling this a right wing statement does not refute the basic facts.  dkf   Aug-03-11 06:41 PM   #111 
  - I dispute the merit of her arguments.  girl gone mad   Aug-03-11 04:59 PM   #104 
     - As long as there are taxes coming in there are funds that can come out  dkf   Aug-03-11 06:45 PM   #112 
     - Taxes don't fund government spending.  girl gone mad   Aug-03-11 06:58 PM   #119 
     - .  fascisthunter   Aug-03-11 07:00 PM   #120 
  - IT'S OURS  Matariki   Aug-03-11 04:54 PM   #102 
  - The premise is disingenuous. True, what I paid in at age 26 I will receive in some govt-determined  WinkyDink   Aug-03-11 05:11 PM   #105 
  - Exactly! I pay for insurance to cover risk, not as an investment account. Analogy fail in OP.  Pholus   Aug-03-11 05:46 PM   #108 
  - That is how your payments look if they don't change the laws.  dkf   Aug-03-11 06:55 PM   #117 
     - So what? My private accounts guarantee nothing as well.  Pholus   Aug-03-11 08:04 PM   #128 
  - Why is it disingenuous to point out there is no "personal account of winkydink"  dkf   Aug-03-11 06:51 PM   #115 
     - Deleted message  Name removed   Aug-03-11 09:07 PM   #131 
  - Edit: Not worth getting the mods involved over  a la izquierda   Aug-03-11 06:46 PM   #113 
  - In the same sense, money you deposit in a bank is not "yours." It's a contract.  DirkGently   Aug-03-11 07:08 PM   #121 
  - You are correct, we have no legal claim to the money we pay in. Rich guys buy bonds  hansberrym   Aug-03-11 07:12 PM   #123 
  - Yes, it's false, but that idea is what protects SS, so STFU about it.  Odin2005   Aug-03-11 07:58 PM   #126 
  - You know I'm beginning to think that is the truth.  dkf   Aug-03-11 08:58 PM   #129 
  - This post is tenderizer, intended to soften up the masses for when cuts to SS are called "necessary"  cherokeeprogressive   Aug-03-11 08:01 PM   #127 
  - Do you understand that in order to not cut benefits you have to make changes?  dkf   Aug-03-11 09:06 PM   #130 
     - Yup Yup.  cherokeeprogressive   Aug-03-11 09:16 PM   #132 
  - MY S.S. payments are going to my fathers retirement check  rustydog   Aug-03-11 09:30 PM   #135 
  - Actually, the fix put in during the Reagan administration changed that  dflprincess   Aug-03-11 09:56 PM   #140 
  - True  quaker bill   Aug-03-11 09:36 PM   #136 
  - Ahhhh, we get to what privatization is actually all about. A few people getting rich.....  Pholus   Aug-03-11 10:24 PM   #141 
     - The actions republicans take do not match  quaker bill   Aug-04-11 06:00 AM   #144 
        - In other news, water is wet.... ;) Yet we'll be hearing about the joys of BOTH shortly.  Pholus   Aug-04-11 07:14 AM   #145 
  - Deleted message  Name removed   Aug-03-11 10:31 PM   #143 
 

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