Social security, a landmark liberal achievement

Nordberg said:
A chunk of SS supports the disabled and those unable to work. It will also help those whose wage earner dies young. Paul Ryan's father died young and SS helped him get by and go to college. He spent his career trying to end SS. I suppose rightys hate it because they really do not care about the people at the bottom or the old.
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Paul Ryan was especially disgusting in that position. Once he got his then no one else could get it. (Even worse when you realize Ryan's family money comes from mostly government contracts as well...so his war on all things governmental spending was so ironic).

If the workforce cannot cover it, its benefits will be cut to match. It is not allowed to touch the treasury for shortages.
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And we need to keep that. But if we keep funding the military to the tune of being larger than the next 10 militaries combined we will have to run out of money at SOME point.
 
Nordberg said:
A chunk of SS supports the disabled and those unable to work. It will also help those whose wage earner dies young. Paul Ryan's father died young and SS helped him get by and go to college. He spent his career trying to end SS. I suppose rightys hate it because they really do not care about the people at the bottom or the old.
SS is over 80 years old and has never missed a check. They are run on a slice of their revenue.
SS cannot go broke because it pays benefits from the existing workers. If the workforce cannot cover it, its benefits will be cut to match. It is not allowed to touch the treasury for shortages.
When the baby boomers came along, there were going to be shortages. They increased the paycheck rates to cover them. In short, the boomers paid ahead for their own SS. They built a 3 billion dollar pool to cover them.
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some clown shoes on page one is not aware of this - he is bragging about how it is outperforming investment rate of returns and you would be screwed if you were free to invest privately

liberals are riding around on unicorns bragging about how it is both an insurance program and an investment vehicle. :laugh:
 
Quincunx said:
Paul Ryan was especially disgusting in that position. Once he got his then no one else could get it. (Even worse when you realize Ryan's family money comes from mostly government contracts as well...so his war on all things governmental spending was so ironic).



And we need to keep that. But if we keep funding the military to the tune of being larger than the next 10 militaries combined we will have to run out of money at SOME point.
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Leftists will only run out of money when they run out of ink and paper.
 
zymurgy said:
you said it is the average of your lifetime earnings which is not true. Many of us work for almost 50 years - but the top 35 (adjusted for inflation) is used
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Semantics. Doesn't matter. Anyone who has earned enough credits to receive the highest allowable monthly social security benefit will get exactly the same amount as Mr. Soros with all of his billions. Assuming, that is, that he paid into the system and is now a recipient.

If Grandmother worked 45 years at low-paying jobs, she will receive less than Mr. Soros. It's not rocket science. Why you are trying to make an argument out of it makes no sense. Have fun fighting with yourself. :palm:
 
Nordberg said:
A chunk of SS supports the disabled and those unable to work. It will also help those whose wage earner dies young. Paul Ryan's father died young and SS helped him get by and go to college. He spent his career trying to end SS. I suppose rightys hate it because they really do not care about the people at the bottom or the old.
SS is over 80 years old and has never missed a check. They are run on a slice of their revenue.
SS cannot go broke because it pays benefits from the existing workers. If the workforce cannot cover it, its benefits will be cut to match. It is not allowed to touch the treasury for shortages.
When the baby boomers came along, there were going to be shortages. They increased the paycheck rates to cover them. In short, the boomers paid ahead for their own SS. They built a 3 billion dollar pool to cover them.
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I was hearing about the imminent demise or bankruptcy of SS since my college days in the 20th century.

None of the handwringing or diaper pooping ever came true.

SS is the third rail of American politics, and minor modifications will always be made to keep it functional.
 
ThatOwlWoman said:
Semantics. Doesn't matter. Anyone who has earned enough credits to receive the highest allowable monthly social security benefit will get exactly the same amount as Mr. Soros with all of his billions. Assuming, that is, that he paid into the system and is now a recipient.

If Grandmother worked 45 years at low-paying jobs, she will receive less than Mr. Soros. It's not rocket science. Why you are trying to make an argument out of it makes no sense. Have fun fighting with yourself. :palm:
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wow you are sensitive to have your mistakes corrected. It isn't semantics though - working a low paying job would bring down average earnings under your claims of lifetime calculations compared to someone that chose to not work until after they got a degree
:laugh:
 
Nordberg said:
A chunk of SS supports the disabled and those unable to work. It will also help those whose wage earner dies young. Paul Ryan's father died young and SS helped him get by and go to college. He spent his career trying to end SS. I suppose rightys hate it because they really do not care about the people at the bottom or the old.
SS is over 80 years old and has never missed a check. They are run on a slice of their revenue.
SS cannot go broke because it pays benefits from the existing workers. If the workforce cannot cover it, its benefits will be cut to match. It is not allowed to touch the treasury for shortages.
When the baby boomers came along, there were going to be shortages. They increased the paycheck rates to cover them. In short, the boomers paid ahead for their own SS. They built a 3 billion dollar pool to cover them.
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Employees have 7.65% deducted for SS and Medicare each paycheck. Their employers pay another 7.65% into the system for each employee. This tells us right off why the Repukes are so interested in abolishing the plans. Employers would LOVE it, and pocket all that extra cash.

The whiners who are currently working and feeling resentful about those deductions might stop to consider how much less money they would be taking home if they had to pay the entire 15.3% themselves, in addition to whatever 401(k) or IRA plan they have.
 
Yakuda said:
Leftists will only run out of money when they run out of ink and paper.
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You DO realize that every time a republican gets in the Oval Office the spending GOES UP, right?

tenure.jpg
 
zymurgy said:
you said it is the average of your lifetime earnings which is not true. Many of us work for almost 50 years - but the top 35 (adjusted for inflation) is used
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It's bad internet form to pat yourself on the back and do an end zone dance for merely making some minor, technical point that does not invalidate the collective statement that SS benefits are calculated based on your work history.
 
Cypress said:
It's bad internet form to pat yourself on the back and do an end zone dance for merely making some minor, technical point that does not invalidate the collective statement that SS benefits are calculated based on your work history.
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it is bad internet form to not acknowledge you are wrong

bui you shit stains would have to quit your job if that was required :laugh:
 
Hello and welcome to JPP, Quincunx.

Quincunx said:
Yup. We all heard that. And the minute I hear that some finance-obsessed bean counter has to do the same job as me to not retire in penury I'll believe that it is a fair system. :)



As one commentator I once heard say: we are all forced into the stock market in order to provide the capital that finance folks play their risky games with. They need the unwashed masses putting money into the system. And since not every person in the US is a financial maven the financial sector games players are counting on that money just sitting there.

I have no clue how to read the stock market but my entire future existence is a function of that. That's why I want finance people to have to do MY JOB as well so they can face this kind of fear.
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American capitalism is the practice of doing everything conceivably possible to legally extract wealth and productivity from workers and consumers, while delivering as little as possible in return. The goal is to make the richest richer without regard for anyone else.

That is what drives the Republican party, whether they are aware of it, admit it, or not. That is where commanding part of the campaign and super PAC money comes from. And if a practice is not legal they will seek to make it legal whenever the legally corrupt government is under their control.
 
zymurgy said:
it is bad internet form to not acknowledge you are wrong

bui you shit stains would have to quit your job if that was required :laugh:
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Congratulations for making a minor technical point and doing an end zone dance but which doesn't actually change the trajectory of the discussion or undermine the concept that SS benefits are calculated based on work history.
 
Cypress said:
Congratulations for making a minor technical point and doing an end zone dance but which doesn't actually change the trajectory of the discussion or undermine the concept that SS benefits are calculated based on work history.
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it was not a minor point

the system would be an even bigger joke if it punished people for working longer as she claimed - lifetime averages would hurt those that chose to keep working even as they had to take less money or those that worked to pay for college, etc, etc
 
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