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Social security and Medicare are next
Comments
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Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
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Insurance. Not retirement planning.AZDuck said:
sure.gifpawz said:
Social Security was designed to be Insurance.AZDuck said:
A defined benefits retirement isn't a pension?doogie said:
Social Security is not a pension.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
Is this one of those GOP fun-with-semantics games like "the US isn't a democracy"?
Premised on the idea that people would take care of themselves first. And if you don't, here's enough for a ham sammich.
So I want the ham sandwich I paid for when I retire. Why should I willingly allow the gummit to withdraw a benefit that I've been paying for over the last 30 years?
I've paid a shit-ton of car insurance premiums over the years. That doesn't mean I will get to see any of it in return.
Now, with the benefit of compounding interest, imagine how many ham sammiches you would have if you put those same funds in a self-directed retirement account?
Instead the government has left you with a sammich. Probably no mayo. -
I don't know that they loan that shit as much as they just use the money for other programs. Spend like drunken @SwayePurpleThrobber said:
Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
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2001400ex said:
I don't know that they loan that shit as much as they just use the money for other programs. Spend like drunken @SwayePurpleThrobber said:
Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
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Upvote for drunken @Swaye reference. Downvote for ignorance of fund accounting.2001400ex said:
I don't know that they loan that shit as much as they just use the money for other programs. Spend like drunken @SwayePurpleThrobber said:
Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
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Lol I live in fund accounting. That being said, while we can't see how they are recorded on the books of the government. Even if they did have a due from other funds account, there's no money in the other funds to pay it back. And will never be paid back. So in essence, they just spent the money on military, social programs and other bullshit. And kicked the can down the road.PurpleThrobber said:
Upvote for drunken @Swaye reference. Downvote for ignorance of fund accounting.2001400ex said:
I don't know that they loan that shit as much as they just use the money for other programs. Spend like drunken @SwayePurpleThrobber said:
Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
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2001400ex said:
Lol I live in fund accounting. That being said, while we can't see how they are recorded on the books of the government. Even if they did have a due from other funds account, there's no money in the other funds to pay it back. And will never be paid back. So in essence, they just spent the money on military, social programs and other bullshit. And kicked the can down the road.PurpleThrobber said:
Upvote for drunken @Swaye reference. Downvote for ignorance of fund accounting.2001400ex said:
I don't know that they loan that shit as much as they just use the money for other programs. Spend like drunken @SwayePurpleThrobber said:
Except they loan that shit out to the US gubmint like Kerry Killinger on a bender.2001400ex said:
Actually SS still brings in more money than it pays out and has since it was started. In a few years it will tilt the other way, but there's like 50 years or whatever of surpluses in the program.Swaye said:
Have you seen how government works? It's a bunch of broke dicks fucking everything up. SS is basically an insolvent program thanks to government incompetence for 50 years. We can all sit around and dream they fix it, but my money is on continued fuckupery and the program being basically tits up in 20 years. Fuck the government. They couldn't manage a whorehouse.AZDuck said:
Not with that attitude, we won't. I fail to see why a pension system that I have put tons of money into since I was 15 should not provide the pension I paid for.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
"Hey - voters, we just establish a reserve for a Gazillion $$$ that was pissed away from your retirement funds."
#GAAPSuperiorityGuy
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Cut the fraud in SNAP and other Housing programs and cut the fraud in Medicare and boom... you're at a surplus. SSN has nothing to do with Federal Income taxes collected. Only when the thiefs aka Congress try to steal from it.2001400ex said:
SNAP is like $70 billion a year. Peanuts compared to this tax cut. But perspective never has been your strong suit.Sledog said:
I figured Hondo would jump for joy over another tax increase. Guess it's not really an increase. Time to trim those big fat welfare and SNAP roles by actually putting people to work instead of making people indentured democratic voters.2001400ex said:
Are you tired of winning yet? Hope you enjoy your tax and medical insurance increase.doogie said:Leaders lead.
next.
An experienced, tenured auditor such as yourself should be aware of these things. -
Fear not My Red fren... SSN is actually pretty healthy in the hear and How.Swaye said:
This. When we get to retirement age SS will be given out when you are 77 years old and it will be inflation adjusted for about 12 bucks in todays dollars. When you get your check, if you even live that long, you will be able to head to down McDonalds and get a meal, but the good news is you can probably afford to supersize it.TierbsHsotBoobs said:
I don't even know why we pay into the system.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
As long as Congress doesn't pilfer it. Of course it has been and never will be something to actually live a decent life on. Just something to help pay the property taxes and Med Supp insurance. If youre not saving yourself for retirement then enjoy staying at home with a trip to the park as being the highlight of the weak come retirement. -
*-We? as in like a member of your household?TierbsHsotBoobs said:
I don't even know why we pay into the system.Swaye said:Anyone 50 or below who ever thought social security would be there for them in any significant way in retirement has the brains of a turnip and should be drug out behind the barn and shot.
