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#81 | |
Blue Crack Supplier
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,239
Local Time: 12:35 PM
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Quote:
Agreed, but it sure helps keep the population younger than it would be. |
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#82 |
Rock n' Roll Doggie
Band-aid Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 10:35 AM
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![]() The math always catches up to a Ponzi scheme. |
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#83 |
Rock n' Roll Doggie
VIP PASS Join Date: Jul 2000
Location: It's Inside A Black Hole
Posts: 6,637
Local Time: 10:35 AM
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I read that if we'd just raise the cap on the SS tax, it would comfortably solve the problem. Hell, it's so easy, you know it will never happen.
Mostly because Grover Norquist has half of American Government by the balls. Why? Because he can defeat those politicians in primaries and that's all the politicians care about - staying if office. And Norquist does it by working on behalf of the super rich, under the guise of keeping taxes low for everybody (that's the plausibly denied politics of it) and "small government". Yes, Norquist, hired by Ronald Reagan, the effective founder of modern Big Government conservatism. All the while continuing to keep millions upon millions of Americans voting against their own best interests, while using political ploys to frame everything as Us vs Them, Makers vs Takers and so on. |
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#84 |
Rock n' Roll Doggie
VIP PASS Join Date: Jul 2000
Location: It's Inside A Black Hole
Posts: 6,637
Local Time: 10:35 AM
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Sorry, I just can't resist.
If you can fund it (not that they are, but that they can), it's not a Ponzi scheme. If you don't like it only because decades of cynical politics has somehow convinced you that it's a bad thing, then it's a "Ponzi Scheme". Although that makes no sense, but why would it need to make any sense? It's nothing more than a 'good line' to use in a bullshit partisan argument. That's why the political hack that came up with it started using it in the place. It doesn't have to make sense, it just has to be a good barb. |
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#85 | |
Rock n' Roll Doggie
Band-aid Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 10:35 AM
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Quote:
There is only an IOU in the Social Security "lockbox." The unfunded liability of Soc sec is $10 trillion. Run a pension plan like that in the private sector and you'd be in jail. And Europe faces the same demographic problem of funding its Welfare state. |
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#86 |
Rock n' Roll Doggie
Band-aid Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 10:35 AM
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#87 |
Blue Crack Supplier
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,239
Local Time: 12:35 PM
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Present taxes are at historic lows. It's difficult to take seriously a party that spent 8 years starting wars and gutting revenues via tax breaks for the wealthy to then act as if they know anything about fiscal responsibility. Let's talk about Obama's tumbling deficits and the Clinton surpluses and the 1990s tax rates. |
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#88 | |
Rock n' Roll Doggie
VIP PASS Join Date: Jul 2000
Location: It's Inside A Black Hole
Posts: 6,637
Local Time: 10:35 AM
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Quote:
Clearly SS is unfunded that far out in the future, but it can always be funded. A Ponzi scheme is inherently unfunded because it's never designed to be funded. |
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#89 |
Rock n' Roll Doggie
VIP PASS Join Date: Jul 2000
Location: It's Inside A Black Hole
Posts: 6,637
Local Time: 10:35 AM
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We've had one federal tax increase in the last 20 years. And that just happened recently and it only affected people making nearly half-a-million dollars a year. We can survive another increase on the SS tax cap.
Such an increase would only apply to people making well above 100K a year. And no, it's not fair that they'd have to pay more. But many kids born into poverty have almost no chance of ever getting out of it. It's possible, but it's extremely difficult and the odds are against it. Is that fair? No. So, as I've heard my whole life, growing up in Red State America, surrounded by fiscal conservatives that believe in personal responsibility. "Life's not fair. Get over it." I'm pretty much still a fiscal conservative in principle, I just can't ignore the realities. And I believe very strongly in Social Security as a necessity. I also believe in paying that bill. How else would you do it? Do you want to get rid of Social Security? Tell us how you'd fix the problem. |
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#90 | |
Rock n' Roll Doggie
Band-aid Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 10:35 AM
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Quote:
Allow an opt-out with proof of an individual retirement account. Crackdown on Social Security Disability fraud. Even 60 Minutes took note of the enrollment explosion of the past 5 years. That's only 3 things but it's three things more than this administration will do. |
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