Social security fix
Democratic Reps. John Larson (Conn.), Conor Lamb (Pa.) and Jahana Hayes (Conn.) are introducing the Social Security 2100 Act on Wednesday, legislation that would expand Social Security benefits across the board and prolong the program’s solvency for the next 75 years and beyond. The legislation finances a more generous benefit and cost-of-living adjustment formula, a reduction in income taxes on benefits and the closure of Social Security’s long-term funding gap by lifting the cap on income subject to payroll taxes and raising those tax rates.
https://m.huffpost.com/us/entry/us_5c50f4fee4b0f43e410c06e9
Comments
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Solvency is important to me. I've been contributing for a long time, it would be great if I could get the benefit when I retire.
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Stupid fucking idea.
Simpletons will love it. -
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it. -
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them. -
to you?2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
Not possible. -
People that didn't pay in shouldn't get paid. That'll really help fix it.
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If you have some finger puppets or use stick figures you might have a shot but it would be a long one.sarktastic said:
to you?2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
Not possible. -
careful, don't confuse SS with Investments or investng. It isn't nor has it ever been designed as such.
The SS as Investment meme was GOP political rhetoric largely in hurried response to Mr Global Warming oil trust fund kid and his Lawkbawx debate bullshit stupid simpletons fell for. -
Trust me, I see the shit return I'm getting on that Ponzi scheme. I don't confuse it with any investment I'd ever make.
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The Throbber can fix SS in a heartbeat.
Actually, SS isn't really broken. Those who can latch their mitts onto the money is what is broken.
Set up an iron-clad wall against the Federal government 'borrowing' against Social Security trust funds. Just stop it. Might have to phase that shit in over 10 year or so but whatever....stop the flow of funds out to pay for shit likewallsname whatever the fuck wasteful fed spending you'd like. Ween the Fed Gubmint off that shit. LIke living on someone else's credit card.
Then, set up SS like pretty much every municipal and state pension plan out there. Make sound investments as much as possible into solid-return municipal bond projects like new roads, new bridges, new affordable internet. Lock in a guaranteed return on like, 80% of the trust funds. Cities and states aren't likely to default in record numbers on public works projects. Use the remaining 20% to invest in blue chip solid stocks. Exert influence on corporate behavior as needed. The SS trust administrator would be the baddest motherfucker out there in cleaning up shit like Wells Fargo's shady ass practices.
Stay away from college athletic departments/universities. They need to clean up their own shit.
Solves the issue of how to fund long-ignored public works projects, get the fucking Feds to live within their means and everybody gets a nice little chunk at the end when they are wearing bibs and slobbering in their 80's.
Easy.
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SS was designed first and foremost as a revenue scheme to fund New Deal initiatives.
Your solution is a non starter. Baked into the Cake from inception.
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Your solution is to give people another method to use an ATM when they can't afford it? El oh fucking El.SFGbob said:
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them. -
Yeah that's what I said you pathological lying Kunt. If you have a 401K you can borrow against it for a first time home purchase and repay the loan paying back interest to yourself. Is that another method to use an ATM you can't afford you lying stupid Kunt?2001400ex said:
Your solution is to give people another method to use an ATM when they can't afford it? El oh fucking El.SFGbob said:
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them. -
I tried to help.
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Except now it's not.sarktastic said:SS was designed first and foremost as a revenue scheme to fund New Deal initiatives.
Your solution is a non starter. Baked into the Cake from inception.
Invest the money back into things that are capital assets, not operating expenses.
Really simple financial concept. Spur construction and technology employment. Evereybody wins.
Except the money wasters in the Fed gubmint who want to support their own bureaucracies.
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Your plan is to divert existing general federal revenues?
guuluk -
The whole New Deal Bond thingy Young folks are latching their wagons to doesn't happen unless we #ditchthedollar.
You really sure you wanna do that?? -
First. You know that's now how the funds will be used. They'll be used on TVs and cell phones and shit. Second, banks don't generally allow you to borrow for your down payment. And if you have to borrow for a down payment, you shouldn't be buying a house. Fannie and Freddie there?SFGbob said:
Yeah that's what I said you pathological lying Kunt. If you have a 401K you can borrow against it for a first time home purchase and repay the loan paying back interest to yourself. Is that another method to use an ATM you can't afford you lying stupid Kunt?2001400ex said:
Your solution is to give people another method to use an ATM when they can't afford it? El oh fucking El.SFGbob said:
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them. -
If benefits are capped, the taxes should be as well.
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Hondo shoves his head up his ass and dances around for us. Most 401Ks already make allowances for these types of loans. If you're not using the money for a down payment you don't get the loan. You can take other kinds of loans out on a 401K but they don't not allow for a 10 year repayment window like a loan taken out for a down payment.2001400ex said:
First. You know that's now how the funds will be used. They'll be used on TVs and cell phones and shit. Second, banks don't generally allow you to borrow for your down payment. And if you have to borrow for a down payment, you shouldn't be buying a house. Fannie and Freddie there?SFGbob said:
Yeah that's what I said you pathological lying Kunt. If you have a 401K you can borrow against it for a first time home purchase and repay the loan paying back interest to yourself. Is that another method to use an ATM you can't afford you lying stupid Kunt?2001400ex said:
Your solution is to give people another method to use an ATM when they can't afford it? El oh fucking El.SFGbob said:
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them.
I bought my home here in the Bay Area doing exactly this. Next time just shut your ignorant mouth you don't know what the fuck you're talking about. -
You sound angry Bob. And no you shouldn't have to borrow money for a down payment to buy a house and yes most banks don't let you borrow your down payment to buy a house. Freddie and Fannie there?SFGbob said:
Hondo shoves his head up his ass and dances around for us. Most 401Ks already make allowances for these types of loans. If you're not using the money for a down payment you don't get the loan. You can take other kinds of loans out on a 401K but they don't not allow for a 10 year repayment window like a loan taken out for a down payment.2001400ex said:
First. You know that's now how the funds will be used. They'll be used on TVs and cell phones and shit. Second, banks don't generally allow you to borrow for your down payment. And if you have to borrow for a down payment, you shouldn't be buying a house. Fannie and Freddie there?SFGbob said:
Yeah that's what I said you pathological lying Kunt. If you have a 401K you can borrow against it for a first time home purchase and repay the loan paying back interest to yourself. Is that another method to use an ATM you can't afford you lying stupid Kunt?2001400ex said:
Your solution is to give people another method to use an ATM when they can't afford it? El oh fucking El.SFGbob said:
Yeah take the income cap off the tax and keep the shitty return. What a great fucking idea. How about you let me keep my money and I invest it myself.2001400ex said:
Please explain both points.sarktastic said:Stupid fucking idea.
Simpletons will love it.
That way I actually have a tangible asset that I can borrow against. Make it more like a 401K and allow people to borrow against it for a first time home purchase. But then that wouldn't allow the Rats to scare monger and keep people dependent on them.
I bought my home here in the Bay Area doing exactly this. Next time just shut your ignorant mouth you don't know what the fuck you're talking about. -
You're full of shit Hondo. My mortgage was with the BofA. I'm certain their lending standards are no different than every other large bank out there.
I did an 80% 10% 10% loan. Whether you "should" or "shouldn't" is a hell of lot different than saying a bank won't allow it.
Your "Fannie and Freddie" comment just reveals you're a dumbfuck who doesn't know what you're talking about.
Hey Hondo, if I take a mortgage loan out from a bank can I then use that money to go on vacation and buy sports cars? Come on Hondo, there more room in your ass, stick up there a little further. -
Big Brother knows what is best for all the simpletons that need his protection
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You sound poor.SFGbob said:You're full of shit Hondo. My mortgage was with the BofA. I'm certain their lending standards are no different than every other large bank out there.
I did an 80% 10% 10% loan. Whether you "should" or "shouldn't" is a hell of lot different than saying a bank won't allow it.
Your "Fannie and Freddie" comment just reveals you're a dumbfuck who doesn't know what you're talking about.
Hey Hondo, if I take a mortgage loan out from a bank can I then use that money to go on vacation and buy sports cars? Come on Hondo, there more room in your ass, stick up there a little further. -
I sound like someone who has worked for a living and wasn't born with a silver spoon in my mouth. I also sound like someone who isn't a liar and who knows what the fuck I'm talking about, that's probably why you're so confused. I see the dumbass who thinks the bank can come and foreclose on my house anytime they want has come running here to tongue your ass Hondo.2001400ex said:
You sound poor.SFGbob said:You're full of shit Hondo. My mortgage was with the BofA. I'm certain their lending standards are no different than every other large bank out there.
I did an 80% 10% 10% loan. Whether you "should" or "shouldn't" is a hell of lot different than saying a bank won't allow it.
Your "Fannie and Freddie" comment just reveals you're a dumbfuck who doesn't know what you're talking about.
Hey Hondo, if I take a mortgage loan out from a bank can I then use that money to go on vacation and buy sports cars? Come on Hondo, there more room in your ass, stick up there a little further.
Shocking you dodged the question put to you Hondo like the Kunt you are. -
Oh look. Gaybob is upset.
Again.
Why don't you just stroke out and get it over with, Gaybob? -
Again, can we stop with the stroke talk?dflea said:Oh look. Gaybob is upset.
Again.
Why don't you just stroke out and get it over with, Gaybob? -
PurpleThrobber said:
The Throbber can fix SS in a heartbeat.
Actually, SS isn't really broken. Those who can latch their mitts onto the money is what is broken.
Set up an iron-clad wall against the Federal government 'borrowing' against Social Security trust funds. Just stop it. Might have to phase that shit in over 10 year or so but whatever....stop the flow of funds out to pay for shit likewallsname whatever the fuck wasteful fed spending you'd like. Ween the Fed Gubmint off that shit. LIke living on someone else's credit card.
Then, set up SS like pretty much every municipal and state pension plan out there. Make sound investments as much as possible into solid-return municipal bond projects like new roads, new bridges, new affordable internet. Lock in a guaranteed return on like, 80% of the trust funds. Cities and states aren't likely to default in record numbers on public works projects. Use the remaining 20% to invest in blue chip solid stocks. Exert influence on corporate behavior as needed. The SS trust administrator would be the baddest motherfucker out there in cleaning up shit like Wells Fargo's shady ass practices.
Stay away from college athletic departments/universities. They need to clean up their own shit.
Solves the issue of how to fund long-ignored public works projects, get the fucking Feds to live within their means and everybody gets a nice little chunk at the end when they are wearing bibs and slobbering in their 80's.
Easy.
Only SS I got that's worth anything.
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That's worth a lot quite honestlyAlexis said:PurpleThrobber said:The Throbber can fix SS in a heartbeat.
Actually, SS isn't really broken. Those who can latch their mitts onto the money is what is broken.
Set up an iron-clad wall against the Federal government 'borrowing' against Social Security trust funds. Just stop it. Might have to phase that shit in over 10 year or so but whatever....stop the flow of funds out to pay for shit likewallsname whatever the fuck wasteful fed spending you'd like. Ween the Fed Gubmint off that shit. LIke living on someone else's credit card.
Then, set up SS like pretty much every municipal and state pension plan out there. Make sound investments as much as possible into solid-return municipal bond projects like new roads, new bridges, new affordable internet. Lock in a guaranteed return on like, 80% of the trust funds. Cities and states aren't likely to default in record numbers on public works projects. Use the remaining 20% to invest in blue chip solid stocks. Exert influence on corporate behavior as needed. The SS trust administrator would be the baddest motherfucker out there in cleaning up shit like Wells Fargo's shady ass practices.
Stay away from college athletic departments/universities. They need to clean up their own shit.
Solves the issue of how to fund long-ignored public works projects, get the fucking Feds to live within their means and everybody gets a nice little chunk at the end when they are wearing bibs and slobbering in their 80's.
Easy.
Only SS I got that's worth anything. -
Borrowing from the SS trust fund isn't 'revenue'. It's debt.sarktastic said:Your plan is to divert existing general federal revenues?
guuluk
