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Shocking turn of events

24

Comments

  • 2001400ex2001400ex Member Posts: 29,457

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
  • SFGbobSFGbob Member Posts: 32,203

    SFGbob said:

    2001400ex said:

    SFGbob said:

    Trump painted himself in a corner. Dems would have won either way. Had the government shutdown there would be no military funding, which is much more important to Trump than the wall. Military spending is one of the major things I disagree with him on. I think we need to slash entitlements significantly while at the same time decrease military spending. I would have quite frankly been happy with a shutdown.


    Pure crap. Where the fuck do you guys get your information? The Defense Department was funded by a defense spending bill passed in September. They military wouldn't be affected at all by a government shut down. And even if they hadn't been funded by the bill in September the military are all considered to be essential employees and are thus exempt from any government shut down.


    Btw, your definition of what constitutes an entitlement program is also crap. Social Security and Medicare are both entitlement programs. Words have meanings boys, you should actually try and learn the definition of them before using them. Otherwise you end up like those dipshits Hondo and CD with your own personal Kunt definition of words.
    I'll pose the same question to you. What entitlements programs would you cut from? Quantify how much you'd be able to cut.
    I'd completely eliminate all welfare programs and would phase out both Social Security and Medicare over a certain period of time allowing future beneficiaries to opt out of both systems and enter into programs that encourage tax free medical savings and retirement accounts.

    Lol. This is the “I listen to a LOT of talk radio to form my opinions” answer.

    So under your genious approach what happens when the primary breadwinner (who couldn’t qualify lif insurance) in a family with three kids dies in a brutal car accident. How’s the surviving spouse gonna pay for childcare that will likely run $3-4K per month.
    Who doesn't qualify for life insurance? And if the person had opted out of Social Security, again it's their choice, they would still their own retirement account.


    Does Social Security today cover the costs of $3 - 4K per month for childcare? Yes or no? Sounds like someone who sucks on a lot of government teat to from his opinion to me.
  • 2001400ex2001400ex Member Posts: 29,457
    SFGbob said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Look at Hondo the stupid Kunt think that they money paid into Medicare and Social Security aren't just part of the Federal Government's overall tax base.

    Hondo is so fucking dumb he probably believes there really is a "lock box" and Social Security savings account with his name on it.


    Federal expenditure on Medicare have nearly doubled in the last 10 years but according to Hondo the stupid Kunt that has no impact on our deficit or debt.

    The Congressional Budget Office (CBO) recently foreshadowed the Trustees’ latest concerns. CBO recently reported that Medicare spending will double, from last year’s $708 billion to $1.4 trillion by 2027. That growth will make Medicare the biggest driver of federal health care spending, dwarfing Medicaid, Obamacare subsidies, and outlays for the Children’s Health Insurance Program (CHIP). Furthermore, the Trustees estimate that Medicare spending, currently at 3.7 percent of the Gross Domestic Product (GDP), will rise to 5.9 percent of GDP by 2042. In fact, a more realistic alternative scenario projects that spending to reach 6.2 percent of GDP by 2042.



    With just two exceptions, the Medicare hospital program has run annual cash deficits since 2008. It is now projected to continue running these deficits until 2026.


    Both Medicare and Social Security are federally funded programs that have their own tax revenue streams but they are still part of the Federal budget and are still part of overall Federal spending.

    Medicare is projected to be insolvent in less than 10 years, now the fact that it won't go bankrupt because the Government will either jack up the tax rate for it or cut services doesn't mean that it isn't part Federal spending.
    Where did I say they had zero impact on the deficit or debt? Nice rant tho, your ignorance is on full display.
  • CirrhosisDawgCirrhosisDawg Member Posts: 6,390
    SFGbob said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Look at Hondo the stupid Kunt think that they money paid into Medicare and Social Security aren't just part of the Federal Government's overall tax base.

    Hondo is so fucking dumb he probably believes there really is a "lock box" and Social Security savings account with his name on it.


    Federal expenditure on Medicare have nearly doubled in the last 10 years but according to Hondo the stupid Kunt that has no impact on our deficit or debt.

    The Congressional Budget Office (CBO) recently foreshadowed the Trustees’ latest concerns. CBO recently reported that Medicare spending will double, from last year’s $708 billion to $1.4 trillion by 2027. That growth will make Medicare the biggest driver of federal health care spending, dwarfing Medicaid, Obamacare subsidies, and outlays for the Children’s Health Insurance Program (CHIP). Furthermore, the Trustees estimate that Medicare spending, currently at 3.7 percent of the Gross Domestic Product (GDP), will rise to 5.9 percent of GDP by 2042. In fact, a more realistic alternative scenario projects that spending to reach 6.2 percent of GDP by 2042.



    With just two exceptions, the Medicare hospital program has run annual cash deficits since 2008. It is now projected to continue running these deficits until 2026.


    Both Medicare and Social Security are federally funded programs that have their own tax revenue streams but they are still part of the Federal budget and are still part of overall Federal spending.

    Medicare is projected to be insolvent in less than 10 years, now the fact that it won't go bankrupt because the Government will either jack up the tax rate for it or cut services doesn't mean that it isn't part Federal spending.
    Lighten up GayBob. You’ll be dead within the next 10 years. In any case, you are a net SS/Medicare recipient. The rest of us have you covered. RIP!
  • RubberfistRubberfist Member Posts: 1,373
    SFGbob said:

    SFGbob said:

    2001400ex said:

    SFGbob said:

    Trump painted himself in a corner. Dems would have won either way. Had the government shutdown there would be no military funding, which is much more important to Trump than the wall. Military spending is one of the major things I disagree with him on. I think we need to slash entitlements significantly while at the same time decrease military spending. I would have quite frankly been happy with a shutdown.


    Pure crap. Where the fuck do you guys get your information? The Defense Department was funded by a defense spending bill passed in September. They military wouldn't be affected at all by a government shut down. And even if they hadn't been funded by the bill in September the military are all considered to be essential employees and are thus exempt from any government shut down.


    Btw, your definition of what constitutes an entitlement program is also crap. Social Security and Medicare are both entitlement programs. Words have meanings boys, you should actually try and learn the definition of them before using them. Otherwise you end up like those dipshits Hondo and CD with your own personal Kunt definition of words.
    I'll pose the same question to you. What entitlements programs would you cut from? Quantify how much you'd be able to cut.
    I'd completely eliminate all welfare programs and would phase out both Social Security and Medicare over a certain period of time allowing future beneficiaries to opt out of both systems and enter into programs that encourage tax free medical savings and retirement accounts.

    Lol. This is the “I listen to a LOT of talk radio to form my opinions” answer.

    So under your genious approach what happens when the primary breadwinner (who couldn’t qualify lif insurance) in a family with three kids dies in a brutal car accident. How’s the surviving spouse gonna pay for childcare that will likely run $3-4K per month.
    Who doesn't qualify for life insurance? And if the person had opted out of Social Security, again it's their choice, they would still their own retirement account.


    Does Social Security today cover the costs of $3 - 4K per month for childcare? Yes or no? Sounds like someone who sucks on a lot of government teat to from his opinion to me.
    Ha! LOTS of people are uninsurable. If you had certain types of cancer insurance companies won’t touch is one example.
  • SFGbobSFGbob Member Posts: 32,203
    2001400ex said:

    SFGbob said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Look at Hondo the stupid Kunt think that they money paid into Medicare and Social Security aren't just part of the Federal Government's overall tax base.

    Hondo is so fucking dumb he probably believes there really is a "lock box" and Social Security savings account with his name on it.


    Federal expenditure on Medicare have nearly doubled in the last 10 years but according to Hondo the stupid Kunt that has no impact on our deficit or debt.

    The Congressional Budget Office (CBO) recently foreshadowed the Trustees’ latest concerns. CBO recently reported that Medicare spending will double, from last year’s $708 billion to $1.4 trillion by 2027. That growth will make Medicare the biggest driver of federal health care spending, dwarfing Medicaid, Obamacare subsidies, and outlays for the Children’s Health Insurance Program (CHIP). Furthermore, the Trustees estimate that Medicare spending, currently at 3.7 percent of the Gross Domestic Product (GDP), will rise to 5.9 percent of GDP by 2042. In fact, a more realistic alternative scenario projects that spending to reach 6.2 percent of GDP by 2042.



    With just two exceptions, the Medicare hospital program has run annual cash deficits since 2008. It is now projected to continue running these deficits until 2026.


    Both Medicare and Social Security are federally funded programs that have their own tax revenue streams but they are still part of the Federal budget and are still part of overall Federal spending.

    Medicare is projected to be insolvent in less than 10 years, now the fact that it won't go bankrupt because the Government will either jack up the tax rate for it or cut services doesn't mean that it isn't part Federal spending.
    Where did I say they had zero impact on the deficit or debt? Nice rant tho, your ignorance is on full display.
    Hondo goes with the semantics game Kunt act.

    The debt isn't growing because of SS or Medicare.

    So to recap, Spending on Medicare alone has nearly doubled in the last 10 years and Medicare is currently running a deficit that's made up from General revenue spending by the Federal government but according to Hondo the stupid Kunt, that doesn't cause the debt to grow.

    Yes, yes Kunt what I said was so "ignorant" that you're were too big a fucking Kunt to even lay a glove on any of it.
  • RubberfistRubberfist Member Posts: 1,373
    SFGbob said:

    SFGbob said:

    2001400ex said:

    SFGbob said:

    Trump painted himself in a corner. Dems would have won either way. Had the government shutdown there would be no military funding, which is much more important to Trump than the wall. Military spending is one of the major things I disagree with him on. I think we need to slash entitlements significantly while at the same time decrease military spending. I would have quite frankly been happy with a shutdown.


    Pure crap. Where the fuck do you guys get your information? The Defense Department was funded by a defense spending bill passed in September. They military wouldn't be affected at all by a government shut down. And even if they hadn't been funded by the bill in September the military are all considered to be essential employees and are thus exempt from any government shut down.


    Btw, your definition of what constitutes an entitlement program is also crap. Social Security and Medicare are both entitlement programs. Words have meanings boys, you should actually try and learn the definition of them before using them. Otherwise you end up like those dipshits Hondo and CD with your own personal Kunt definition of words.
    I'll pose the same question to you. What entitlements programs would you cut from? Quantify how much you'd be able to cut.
    I'd completely eliminate all welfare programs and would phase out both Social Security and Medicare over a certain period of time allowing future beneficiaries to opt out of both systems and enter into programs that encourage tax free medical savings and retirement accounts.

    Lol. This is the “I listen to a LOT of talk radio to form my opinions” answer.

    So under your genious approach what happens when the primary breadwinner (who couldn’t qualify lif insurance) in a family with three kids dies in a brutal car accident. How’s the surviving spouse gonna pay for childcare that will likely run $3-4K per month.
    Who doesn't qualify for life insurance? And if the person had opted out of Social Security, again it's their choice, they would still their own retirement account.


    Does Social Security today cover the costs of $3 - 4K per month for childcare? Yes or no? Sounds like someone who sucks on a lot of government teat to from his opinion to me.
    The Social Security survivor Benefit can be pretty good. Not $3-$4k per month but would go a long way to help. My friend committed suicide a number of years ago and his wife was able to keep her house over her head and pay for childcare with the assistance of the survivor benefit.

    Seriously you should really stop listening to that talk radio shit. I know it’s comforting to have someone talk at you all day but that shit rots your brain.
  • SFGbobSFGbob Member Posts: 32,203
    Seriously, I didn't get any of my ideas from talk radio. So Social Security doesn't pay anywhere near $3-4K a month for child care but you "know" the system I proposed would suck because I got the idea from talk radio. Got it.

    What happens to a 35 year old unmarried man with no kids who has paid into Social Security for 15 years if he gets hits by a bus? Where does the money he and his employer paid into the system go?

    How about a 55 year old who's kids are all grown and who's wife has worked? Where does his money go when he dies of a heart attack?

    Btw, if anyone wants to stay in the current Social Security system that option would always be available. My proposal allows people to have a choice. You libs are all about choice I thought?

  • SFGbobSFGbob Member Posts: 32,203
    The family maximum benefit from Social Security is a princely $1200 a month.

    https://www.aarp.org/retirement/social-security/questions-answers/family-maximum-benefit/

    So much for that $3-4K a month for childcare. But my system sucks because I got it from talk radio.
  • RubberfistRubberfist Member Posts: 1,373
    edited December 2018
    SFGbob said:

    The family maximum benefit from Social Security is a princely $1200 a month.

    https://www.aarp.org/retirement/social-security/questions-answers/family-maximum-benefit/

    So much for that $3-4K a month for childcare. But my system sucks because I got it from talk radio.

    I didn’t say that the benefit was $3-$4k. I said it helps and in my friend’s situation it did help.

    And yes your system does suck. Your system is very simple. Simple minds.
  • SFGbobSFGbob Member Posts: 32,203
    You asked me:

    So under your genious approach what happens when the primary breadwinner (who couldn’t qualify lif insurance) in a family with three kids dies in a brutal car accident. How’s the surviving spouse gonna pay for childcare that will likely run $3-4K per month.

    When the system you're so fucking wedded to only pays $1,200 a month. Great, why wouldn't your "friend" be helped by a private account that would be invested over the life time of the worker and would include both their employer and their contributions?

    Now for the question you dodged. What happens to the money the 35 year old guy paid into the system when he gets hit by a bus?
  • SFGbobSFGbob Member Posts: 32,203

    SFGbob said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Look at Hondo the stupid Kunt think that they money paid into Medicare and Social Security aren't just part of the Federal Government's overall tax base.

    Hondo is so fucking dumb he probably believes there really is a "lock box" and Social Security savings account with his name on it.


    Federal expenditure on Medicare have nearly doubled in the last 10 years but according to Hondo the stupid Kunt that has no impact on our deficit or debt.

    The Congressional Budget Office (CBO) recently foreshadowed the Trustees’ latest concerns. CBO recently reported that Medicare spending will double, from last year’s $708 billion to $1.4 trillion by 2027. That growth will make Medicare the biggest driver of federal health care spending, dwarfing Medicaid, Obamacare subsidies, and outlays for the Children’s Health Insurance Program (CHIP). Furthermore, the Trustees estimate that Medicare spending, currently at 3.7 percent of the Gross Domestic Product (GDP), will rise to 5.9 percent of GDP by 2042. In fact, a more realistic alternative scenario projects that spending to reach 6.2 percent of GDP by 2042.



    With just two exceptions, the Medicare hospital program has run annual cash deficits since 2008. It is now projected to continue running these deficits until 2026.


    Both Medicare and Social Security are federally funded programs that have their own tax revenue streams but they are still part of the Federal budget and are still part of overall Federal spending.

    Medicare is projected to be insolvent in less than 10 years, now the fact that it won't go bankrupt because the Government will either jack up the tax rate for it or cut services doesn't mean that it isn't part Federal spending.
    Lighten up GayBob. You’ll be dead within the next 10 years. In any case, you are a net SS/Medicare recipient. The rest of us have you covered. RIP!
    Translation: I'm very stupid lightweight Kunt who just isn't equipped to address anything you said but let me take a swipe at you because what you said made my Kunt hurt.

    Amazing how the phony libertarian has nothing to say about what is essentially a libertarian retirement and health insurance system.

    Why it's almost as if this Kunt is nothing more than a fucking fraud who has a really big mouth.
  • SFGbobSFGbob Member Posts: 32,203

    SFGbob said:

    The family maximum benefit from Social Security is a princely $1200 a month.

    https://www.aarp.org/retirement/social-security/questions-answers/family-maximum-benefit/

    So much for that $3-4K a month for childcare. But my system sucks because I got it from talk radio.

    And yes your system does suck. Your system is very simple. Simple minds.

    The thought of people being self-sufficient and not reliant upon the government for their own healthcare and retirement costs scares the fucking shit out of these parasites.

    My system would give people a tangible asset that they could pass onto whomever they wished at the time of their death. Your system has people begging the government for a paltry $1,200 a month that they only receive until their children are grown. But you're a real sophisticated and deeeeep thinker.



  • SFGbobSFGbob Member Posts: 32,203
    2001400ex said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
    Fuck that strawman ass Hondo. I never said that SS wasn't fully funded. Of course it's fully funded. Just as Medicare is fully funded. The Federal government funds all of it's programs through tax revenue and borrowing.

    The point of contention is over whether SS and Medicare add to our deficit and as usual you have your head up your fucking ass Mr. only 60K legal immigrants are allowed into the country each year.
  • PurpleThrobberPurpleThrobber Member Posts: 44,153 Standard Supporter
    2001400ex said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
    If you can't collect on your receivables, you gots to impair them.

    As a globalist, certainly you're conversant in IFRS.

  • sarktasticsarktastic Member Posts: 9,208
    2001400ex said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
    Social Security is a pay as you go program funded by payroll taxes. It is not fully funded.

    What a dolt.
  • RubberfistRubberfist Member Posts: 1,373
    edited December 2018
    SFGbob said:

    You asked me:

    So under your genious approach what happens when the primary breadwinner (who couldn’t qualify lif insurance) in a family with three kids dies in a brutal car accident. How’s the surviving spouse gonna pay for childcare that will likely run $3-4K per month.

    When the system you're so fucking wedded to only pays $1,200 a month. Great, why wouldn't your "friend" be helped by a private account that would be invested over the life time of the worker and would include both their employer and their contributions?

    Now for the question you dodged. What happens to the money the 35 year old guy paid into the system when he gets hit by a bus?

    I didn’t dodge your question. Your question was stupid. Your 35 year old won’t miss the $$ cuz he’s dead. But if he lived in the simple version the the world you live in I hope he had saved plenty of $$ and as we know EVERYBODY qualifies for life insurance so I hope he had that too.
  • 2001400ex2001400ex Member Posts: 29,457

    2001400ex said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
    If you can't collect on your receivables, you gots to impair them.

    As a globalist, certainly you're conversant in IFRS.

    Lol the government doesn't follow IFRS. They follow GASB.
  • SFGbobSFGbob Member Posts: 32,203
    edited December 2018
    Amazing how often questions that Kunts can't answer are "stupid."

    I didn't ask you if he'd miss the money my strawman ass fucking friend I asked you what happened to it. You're perfectly fine with a system that takes money paid into it by both a worker and an employer during the course of their employment and keeping every single nickle of it if the beneficiary dies unmarried or without children.

    Yes, it's much better to live in the "sophisticated" world you live in where people get to beg the government for their $1,200 a month.
  • PurpleThrobberPurpleThrobber Member Posts: 44,153 Standard Supporter
    2001400ex said:

    2001400ex said:

    2001400ex said:

    SFGbob said:

    Medicare, Social Security and Welfare spending currently represent over 50% of all Federal Spending.




    in 2017 Medicare spending represented over $700 Billion in Federal spending. In 2000 it was slightly less than $220 Billion.

    https://www.statista.com/statistics/248073/distribution-of-medicare-spending-by-service-type/


    I love it when Hondo the fucking moron calls me ignorant. Come on now Kunt, double down on your ignorance and post some fucking gibberish that doesn't refute a word I just said.

    If you received a paycheck, you might know that SS and Medicare are fully funded from employee and employer payroll. Seriously. I do love the double post to try to show how smart you are.
    Sure.gif....

    Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.

    Until it's not.

    It is still fully funded. Hence why the government is able to borrow from the fund. Government spending overall and borrowing from the SS fund is a whole other discussion. But the fact remains that Bob is fucktarded for not knowing that SS is fully funded.
    If you can't collect on your receivables, you gots to impair them.

    As a globalist, certainly you're conversant in IFRS.

    Lol the government doesn't follow IFRS. They follow GASB.
    For now until OAC gets her own socialists in there.



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