Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

How come we have SS surplus today with only 3 workers for each recipient?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:00 AM
Original message
How come we have SS surplus today with only 3 workers for each recipient?
Dubya's arguments, as usual, make no sense, but the media rushes to repeat Bush's every word. Tim Russert repeated this anecdote on Meet The Press Sunday. It is a red herring.

Bush is speaking right now on CNN about this--more incoherently than usual. It's "hard work" to sell the Amerikun people of a "crisis" in order to destroy the guaranteed benefits of Social Security. The Republicans' goal is to relieve the federal government of it's obligations to make good the rape of the surplus Social Security contributions by his and preceding administrations.

Printer Friendly | Permalink |  | Top
gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:03 AM
Response to Original message
1. Well, it used to be 50 workers
But of course, that "statistic" first cited by the reformers turned out to be absolutely wrong. So Timmeh adjusted it to 32 workers for every retiree. And now it's down the three workers supplying the needs for those retirees. Is that progress or a sign of danger? Well, when it was 32 workers, remember the timing: 1935 and one of the worst years of the Depression. A lot of people weren't working, and those that were working weren't making piles of money.

See Bob Somerby's incomparable The Daily Howler for a dissection of Timmeh's standard dishonest presentations.
Printer Friendly | Permalink |  | Top
 
dweller Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 10:28 AM
Response to Original message
2. what? we need more workers per recipient?
Edited on Tue Jan-11-05 10:30 AM by dweller
well, then why doesn't loserdimwitnumbnutsmoron* create some f@$#ing jobs here???

yeah, there's a 'crisis'...one he's created.

dp

on edit: all those jobs outsourced...they are paying SS (fica) right? RIGHT?
Printer Friendly | Permalink |  | Top
 
zbdent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 12:55 PM
Response to Original message
3. Those damn old people won't start dying!
They're just a drain on all that money the wealthy can't touch, despite the fact that they pay in just the same amount as someone who makes 80k per year.
Printer Friendly | Permalink |  | Top
 
suigeneris Donating Member (471 posts) Send PM | Profile | Ignore Tue Jan-11-05 01:24 PM
Response to Original message
4. Because we collect more in SS taxes than current outlays
That will continue at least until 2018. After that the fund will not be exhausted until at least 2042, perhaps 2052, and there is a decent chance that it will be never.

There is no crisis in SS other than the phony one ginned up by the boys and girls in the BA who are hell bent on their orgy of destruction on the basic elements of social justice in place in this country. That their pals on Wall Street get their hands on trillions from the public treasury is also no accident.

A good Krugman ref:
http://www.bepress.com/cgi/viewcontent.cgi?article=1048...
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 17th 2014, 07:58 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC