General Discussion

rhett o rick

(55,981 posts)

43. I would love to see your sources for the calculation. In any case the answer is easy.

Thu Feb 7, 2013, 08:22 PM

Feb 2013

I wouldnt doubt that the "trust fund" might be running low because Bush, I believe, reduced the revenue by lowering the cap. We need to raise the cap.

We need to raise the cap. Repeat after me, WE NEED TO RAISE THE CAP and not cut services.

Edit history

Please sign in to view edit histories.

47 replies

= new reply since forum marked as read

Highlight:

In 10 years CBO expects the number of people on social security to increase by 40% [View all] dkf Feb 2013 OP

Guess somebody better put together a fucking Jobs Program n/t leftstreet Feb 2013 #1

win SmileyRose Feb 2013 #2

And then the Republicans kill it sakabatou Feb 2013 #6

Please dont post without comment. nm rhett o rick Feb 2013 #3

Huge future problem that will drown out all the investment and much of the safety net. dkf Feb 2013 #4

And a good portion of the investment is from pension funds and 401(K)s which belong to JDPriestly Feb 2013 #7

The bond market is larger than the stock market. dkf Feb 2013 #11

All assets will suffer Yo_Mama Feb 2013 #47

We don't need a comment. This poster's intent is kestrel91316 Feb 2013 #9

Democrats used to be the party that fixed our finances. dkf Feb 2013 #12

I do not fear his "intent". I have confidence that I can refute or ignore as needed. rhett o rick Feb 2013 #20

was this already bigapple1963 Feb 2013 #5

Yes. Well, at least that was what we were told. JDPriestly Feb 2013 #8

If we had paid down the debt we would be golden. dkf Feb 2013 #13

Your breathless defense of the Bush tax cuts can be easily found in the archives RandiFan1290 Feb 2013 #19

What a bunch of malarkey. dkf Feb 2013 #24

I have little doubt you may even wish us to believe that statement... LanternWaste Feb 2013 #35

Go ahead and try to find where I supported making the Bush cuts permanent. dkf Feb 2013 #36

Paying down the debt at this time would kill the economy. We need jobs. rhett o rick Feb 2013 #22

You miss the point...if we had stayed on the path Clinton had set up for us, our situation would be dkf Feb 2013 #23

So your point is that if we had done stuff differently in the past, we wouldnt be focked now? rhett o rick Feb 2013 #31

Clinton's plan was to pay down the deficit so we would have low debt dkf Feb 2013 #33

Are you talking about SS or the debt? They arent related. nm rhett o rick Feb 2013 #37

You need to think a little deeper to understand the issue. dkf Feb 2013 #38

I did as you suggested and thought really, really deep and rhett o rick Feb 2013 #39

The SS fund is going to run dry when the end of the baby boomers dkf Feb 2013 #40

I would love to see your sources for the calculation. In any case the answer is easy. rhett o rick Feb 2013 #43

Yes and conveniently not usually mentioned newfie11 Feb 2013 #17

And to think that there were some folks here who wanted the payroll tax holiday extended yet again bluestateguy Feb 2013 #10

And that's why the Greenspan commission decided we should pay extra to provide a cushion. pa28 Feb 2013 #14

Once it's spent down to zero then there's a 25% cut in benefits projected. dkf Feb 2013 #15

When that day arrives SS has a genuine problem. I think we agree there. pa28 Feb 2013 #16

I agree completely. Having a "trust fund" is only a temptation for spending. rhett o rick Feb 2013 #21

And when the trust fund is gone, that extra money you paid is also gone. dkf Feb 2013 #26

Who came up with the trillions for the Bush/Obama tax cuts MannyGoldstein Feb 2013 #29

The purpose of the "trust fund" was to have extra money to pay the baby boomer rhett o rick Feb 2013 #30

That's exactly what happened and we gen x'ers helped. Part of the social contract. pa28 Feb 2013 #41

Of course we dont put the SS revenue in a box until we need it. But we do keep track rhett o rick Feb 2013 #42

So we need to cut it now, in case it needs to be cut later! MannyGoldstein Feb 2013 #28

I knew you would catch on. "Cut Social Security benefits now, so we dont have to cut them in the rhett o rick Feb 2013 #45

This stuff is becoming more insane every day MannyGoldstein Feb 2013 #46

ramping up the entitlement cut propaganda again HiPointDem Feb 2013 #18

Remove the fucking cap that lets the wealthy basically opt out of it. libtodeath Feb 2013 #25

These people have only been alive 55+ years MannyGoldstein Feb 2013 #27

I might be wrong but arent they leading up to suggesting "targeted" euthanasia? rhett o rick Feb 2013 #34

This was expected because as this generation matured they needed added supports to account for jwirr Feb 2013 #32

I guess the good news is Blue_In_AK Feb 2013 #44