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| 03:16 PM | ||
| Users Online Now: 2,649 (Who's On?) | Visitors Today: 1,315,413 | |
| Pageviews Today: 1,879,564 | Threads Today: 516 | Posts Today: 9,944 |
| 03:16 PM | ||
Why Is Social Security Always Threatened With Bankruptcy But Welfare Never Is? | |
| Anonymous Coward User ID: 47670243  United States09/13/2017 10:25 PM Report Abusive Post Report Copyright Violation | As far as I can best determine, the Social Security Program costs the US government some $848.5 Billion per year... Quoting: Black Knight [link to www.pewresearch.org] and the cost of Welfare is $1.03 Trillion per year... [link to www.foxbusiness.com] Social Security is a program that collected deductions from our wages over the course of our working lifetimes and then pays us back. Welfare is a straight out handout, a free gift, a charity program. How is it then that as the sellout, scumbag politicians in DC run out of money all the time because they steal too much of it for themselves and are hard pressed to payout these two programs, that they can threaten Social Security with bankruptcy, yet they never do the same for Welfare? Why are we Americans ok with that? Why are we still electing the same old useless bags of crap year after year ? Why are these people not behind bars? Rise and Shine Sleepyhead!!  |
| Anonymous Coward User ID: 25688772 United States09/13/2017 10:25 PM Report Abusive Post Report Copyright Violation | Want to see your representative do the"Washington-two-step? Quoting: Anonymous Coward 74753210 Ask this question. Who died before they collected Social Security? KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO THINK ABOUT!!!! THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!! WHERE DID THAT MONEY GO? Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that's close to $220,500. Read that again. Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and me that we would have a retirement check from the money we put in, not the Government. Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows). After 49 years of working you'd have $892,919.98. If you took out only 3% per year, you'd receive $26,78760 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month. THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID Entitlement my foot; I paid cash for my social security insurance! Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!! Remember the benefits for members of Congress? + free healthcare, + outrageous retirement packages, + 67 paid holidays, + three weeks paid vacation, + unlimited paid sick days. Now that's welfare, and they have the nerve to call my social security retirement payments entitlements? They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money. Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part of the general fund. Sad isn't it? 99% of people won't have the guts to forward this. I'm in the 1% -- I JUST DID! This post should be perma pinned. Oh.My.God. |
X1811
 User ID: 74430175 United States09/13/2017 10:28 PM Report Abusive Post Report Copyright Violation | :Pepe170: All characters and events in this forum --even those based on real people-- are entirely fictional. All celebrity comments are impersonated...poorly. The above post contains coarse language and due to the content it should not be viewed by anyone. |
| The Comedian :D
User ID: 75524733 United States09/13/2017 10:32 PM Report Abusive Post Report Copyright Violation | SS= elderly, workers paid into system, conservatives Quoting: Anonymous Coward 42566593 Welfare= illegals, free shit army, Democratic plantation, Antifa... Yes, I suppose that there are no documented cases of hungry old people rising up against corrupt governments are there?  Saint Comedian, Patron Saint of Bringing the Butthurt to Dipshits There are some assholes in the world that just need to be shot. - General Mattis, USMC, Secretary of Defense [link to www.godlikeproductions.com] "Subterfuge and social pressure are the wheel and fire of the 21st century" - Some asshole Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead. |
LoneStarRising
Forum Moderator User ID: 75443211 United States09/13/2017 10:33 PM  Report Abusive Post Report Copyright Violation | It is because Social Security is a trust fund and since there more funds going out than coming in it will eventually run out of money and be bankrupt. Unless something is changed this is inevitable. Welfare is not a trust fund and is primarily funded from general taxes. So there is no special account for welfare that can go bankrupt. LoneStarRising |
| Black Knight
(OP) User ID: 66996549 United States09/13/2017 10:39 PM Report Abusive Post Report Copyright Violation | Now you know why obama wanted to take the guns away from old people , remember. Obama pushes new gun control law that could take the right to bear arms away from 4.2 million Social Security recipients [link to www.dailymail.co.uk] Obozo. He certainly was an insult to humanity, and I have a feeling that he has not pulled off his last dirty deal to screw America. He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself. When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier. Rudyard Kipling Herr Bartlett, your German is good and I hear also your French. Your arms - UP! |
| Anonymous Coward User ID: 64737393 United States09/13/2017 10:40 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75525028 United States09/13/2017 10:43 PM Report Abusive Post Report Copyright Violation | Excellent questions. They stole the money, it's called theft, they are theives, but they are in power, and they just steal elections too and they won't put themselves in jail for their crimes. Old people are generally wise. Welfare folks are generally stupid. Welfare folks support and like the theives because they pay them with taken/stolen funds. Old people recognize the theives, generally don't vote for the theives, and want the theives in jail! Old people cost too much in the theives estimation so the theives want old people dead. Take away old people's social security and many will die. Less money to payout to old people means even more money to steal from the people who are still working and paying into social security. It's sort of like a huge ponzi scheme. Makes Bernie Madoff look trivial in comparison! |
| NRVNAFAN
User ID: 75457070 United States09/13/2017 10:43 PM  Report Abusive Post Report Copyright Violation | if you have 150 million workers paying in 1500 a year that makes 225,000,000,000 a year and employer matches that. Thats not even including the medicaid tax. How could it ever go broke? Last Edited by messagehalted on 09/13/2017 10:44 PM All my post are theatrical artistic writing . |
| Anonymous Coward User ID: 25688772 United States09/13/2017 10:43 PM Report Abusive Post Report Copyright Violation | |
| Black Knight
(OP) User ID: 66996549 United States09/13/2017 10:44 PM Report Abusive Post Report Copyright Violation | HFS (Holy Fucking Shit) I completely forgot! Yes indeed, how much did those thieving scum shell out to their Wall Street Masters in the past few years? Tens of Trillions, wasn't it? I guess Corporations are people too, eh? Last Edited by Black Knight on 09/13/2017 10:44 PM He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself. When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier. Rudyard Kipling Herr Bartlett, your German is good and I hear also your French. Your arms - UP! |
| Black Knight
(OP) User ID: 66996549 United States09/13/2017 10:45 PM Report Abusive Post Report Copyright Violation | if you have 150 million workers paying in 1500 a year that makes 225,000,000,000 a year and employer matches that. Quoting: NRVNAFAN Thats not even including the medicaid tax. How could it ever go broke? UM, let's see, how about if the scumbags in DC steal all the money? Yup, I think would do it. He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself. When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier. Rudyard Kipling Herr Bartlett, your German is good and I hear also your French. Your arms - UP! |
| NRVNAFAN
User ID: 75457070 United States09/13/2017 10:46 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 25688772 United States09/13/2017 10:50 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 40942840 United States09/13/2017 10:52 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75030909  Netherlands09/13/2017 10:54 PM Report Abusive Post Report Copyright Violation | As far as I can best determine, the Social Security Program costs the US government some $848.5 Billion per year... Quoting: Black Knight [link to www.pewresearch.org] and the cost of Welfare is $1.03 Trillion per year... [link to www.foxbusiness.com] Social Security is a program that collected deductions from our wages over the course of our working lifetimes and then pays us back. Welfare is a straight out handout, a free gift, a charity program. How is it then that as the sellout, scumbag politicians in DC run out of money all the time because they steal too much of it for themselves and are hard pressed to payout these two programs, that they can threaten Social Security with bankruptcy, yet they never do the same for Welfare? Why are we Americans ok with that? Why are we still electing the same old useless bags of crap year after year ? Why are these people not behind bars? Your SS benefits system is legally an unsecured loan. |
| Black Knight
(OP) User ID: 66996549 United States09/13/2017 10:54 PM Report Abusive Post Report Copyright Violation | Well they certainly cannot get elected on their own merits. He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself. When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier. Rudyard Kipling Herr Bartlett, your German is good and I hear also your French. Your arms - UP! |
| mike check User ID: 75219489 United States09/13/2017 11:10 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 73954687 United States09/13/2017 11:14 PM Report Abusive Post Report Copyright Violation | |
| Black Knight
(OP) User ID: 66996549 United States09/13/2017 11:15 PM Report Abusive Post Report Copyright Violation | bcuz welfare has mostly white people that are on it, even though many whites think otherwise. Quoting: mike check 75219489 What you say may or may not be true but in either case it is a bullshit statement. Social Security is a system where you have to pay into it to collect it and Welfare is not. He who feels the respect which is due to others cannot fail to inspire in them regard for himself, while he who feels, and hence manifests, disrespect towards others, especially his inferiors, cannot fail to inspire hatred against himself. When you're wounded and left on Afghanistan's plains, and the women come out to cut up what remains, jest roll to your rifle and blow out your brains and go to your gawd like a soldier. Rudyard Kipling Herr Bartlett, your German is good and I hear also your French. Your arms - UP! |
| AAONMS User ID: 70286388 United States09/13/2017 11:18 PM Report Abusive Post Report Copyright Violation | Here is the real problem with Social Security. The government has taken trillions of dollars out of the social security fund and purchased Treasury bonds with it to help keep our economy a float. Our $ are not going into the fund like they should! Here is how it actually works: First, the Treasury estimates how much of the aggregate tax receipts are Social Security taxes and "credits" the Social Security trust fund with that amount. Then the Treasury "subtracts" the total amount paid in monthly Social Security benefits from the trust fund balance. No money actually changes hands; these are strictly accounting entries. Any "money" remaining in the trust fund is converted into special-issue Treasury bonds, which are really nothing more than IOUs. In addition, the Treasury pays interest on the trust fund's balance by crediting the trust fund with additional IOUs. These are also strictly accounting entries, and again no money changes hands. After crediting the trust fund with the proper amount in IOUs, the government spends the extra Social Security tax collections just like any other tax revenue--to finance anything from aircraft carriers to education research. So what does this mean??? It means that if the dollar ever takes a significant hit and drops in value it will take out social security with it as they are now tied together! |
| Jungleboogie
User ID: 73580369  Canada09/13/2017 11:20 PM Report Abusive Post Report Copyright Violation | As far as I can best determine, the Social Security Program costs the US government some $848.5 Billion per year... Quoting: Black Knight [link to www.pewresearch.org] and the cost of Welfare is $1.03 Trillion per year... [link to www.foxbusiness.com] Social Security is a program that collected deductions from our wages over the course of our working lifetimes and then pays us back. Welfare is a straight out handout, a free gift, a charity program. How is it then that as the sellout, scumbag politicians in DC run out of money all the time because they steal too much of it for themselves and are hard pressed to payout these two programs, that they can threaten Social Security with bankruptcy, yet they never do the same for Welfare? Why are we Americans ok with that? Why are we still electing the same old useless bags of crap year after year ? Why are these people not behind bars? They've been claiming Social Security is at the point of bankruptcy since the 70s. Both parties would love to gut it, but do not dare. This chart is from wiki, notice the line 'INTEREST EARNINGS'. That means there is a surplus. 2013 Social Security Trustee Report All funds in billions of dollars[21] Category Retirement OASI Disability DI Medicare Part A HI Medicare Part B & D SMI Income during 2012 731.1 109.1 243.0 293.9 Total paid 2012 645.4 140.3 266.8 307.4 Net change in Reserves 85.6 -31.2 -23.8 -13.5 Reserves (end of 2012) 2,609.7 122.7 220.4 67.2 Benefit payments 637.9 136.9 262.9 303.0 Railroad Retirement accounts 4.1 0.5 Administrative expenses 3.4 2.9 3.9 4.4 Social Security Income Payroll taxes 503.9 85.6 205.7 Taxes on OASDI benefits 26.7 0.6 18.6 Beneficiary premiums 3.7 66.6 Transfers from States 8.4 General Fund reimbursements 97.7 16.5 0.5 General revenue transfers1 214.8 Interest earnings 102.8 6.4 10.6 2.8 Other 3.9 2.2 Total 731.1 109.1 243.0 293.9 Embrace the cognitive dissonance. |
| Lily o' the Valley
User ID: 75446202 United States09/13/2017 11:21 PM  Report Abusive Post Report Copyright Violation | |
| Savvy Buyer!
User ID: 70088347 United States09/13/2017 11:22 PM Report Abusive Post Report Copyright Violation | It is because Social Security is a trust fund and since there more funds going out than coming in it will eventually run out of money and be bankrupt. Unless something is changed this is inevitable. Quoting: LoneStarRising Welfare is not a trust fund and is primarily funded from general taxes. So there is no special account for welfare that can go bankrupt. Don't let intelligence get in the way of the crazy ranting. The Savvy Buyer |
| Anonymous Coward User ID: 75502016 United States09/13/2017 11:23 PM Report Abusive Post Report Copyright Violation | |
| s. d. butler
User ID: 74291006 United States09/13/2017 11:26 PM Report Abusive Post Report Copyright Violation | SS= elderly, workers paid into system, conservatives Quoting: Anonymous Coward 42566593 Welfare= illegals, free shit army, Democratic plantation, Antifa... Yes, I suppose that there are no documented cases of hungry old people rising up against corrupt governments are there? that's the deal, welfare keeps the underclass from turning it into the French revolution. And also provides votes for the welfare-parasite party. Last Edited by s. d. butler on 09/13/2017 11:27 PM |
| Anonymous Coward User ID: 56516534 United States09/13/2017 11:29 PM Report Abusive Post Report Copyright Violation | |
| Jungleboogie
User ID: 73580369 Canada09/13/2017 11:32 PM Report Abusive Post Report Copyright Violation | I hear a lot of shit-talk here about the Dems, and fair enough they deserve it. But the guy who wants to gut Social Security more than anyone? Paul Ryan. Last Edited by Jungleboogie on 09/13/2017 11:32 PM Embrace the cognitive dissonance. |
| The Last Barbarian
User ID: 1907523 United States09/13/2017 11:36 PM Report Abusive Post Report Copyright Violation | |
| DamnRITE User ID: 75110891 United States09/13/2017 11:36 PM Report Abusive Post Report Copyright Violation | You Damned RIGHT!!! GOTTA TAKE CARE OF ALL THE HOES.. GOB'MINT DADDY doling out cash to these hood hags waiting to cash a check and buy hair and anything else utterly useless!!! Let that shit fail and use the funding to help people who worked for it!! I pay taxes every year and finally get a state refund back.. oh wait.. we're on hold because of whatever the fuck.. but plenty of welfare queens cashed huge checks in Jan, Feb, Mar and April.. WTF!!!  |
