Shocking turn of events
Comments
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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? -
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.CirrhosisDawg said:
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!SFGbob said:
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.2001400ex 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.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.
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.
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. -
Rubberfist said:
And yes your system does suck. Your system is very simple. Simple minds.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.
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.
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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.2001400ex said:
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.PurpleThrobber said:
Sure.gif....2001400ex 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.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.
Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.
Until it's not.
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. -
If you can't collect on your receivables, you gots to impair them.2001400ex said:
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.PurpleThrobber said:
Sure.gif....2001400ex 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.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.
Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.
Until it's not.
As a globalist, certainly you're conversant in IFRS.
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Social Security is a pay as you go program funded by payroll taxes. It is not fully funded.2001400ex said:
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.PurpleThrobber said:
Sure.gif....2001400ex 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.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.
Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.
Until it's not.
What a dolt. -
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.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? -
Lol the government doesn't follow IFRS. They follow GASB.PurpleThrobber said:
If you can't collect on your receivables, you gots to impair them.2001400ex said:
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.PurpleThrobber said:
Sure.gif....2001400ex 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.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.
Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.
Until it's not.
As a globalist, certainly you're conversant in IFRS. -
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. -
For now until OAC gets her own socialists in there.2001400ex said:
Lol the government doesn't follow IFRS. They follow GASB.PurpleThrobber said:
If you can't collect on your receivables, you gots to impair them.2001400ex said:
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.PurpleThrobber said:
Sure.gif....2001400ex 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.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.
Except for the IOUs the gubmint wrote to the Social Security trust fund....totally fully funded.
Until it's not.
As a globalist, certainly you're conversant in IFRS.
