Social Security Lockbox

[dellinger63]

Needed ASAP. In 2010 the SS Administration took in $865 billion in taxes (40% of all taxes taken in.) In that same year $701 billion was paid out leaving a possitive $165 billion in the account. Now we are told that account is empty of cash (full of IOU's) and w/o raising the debt ceiling the Gov can't borrow and can't make any payments. Obviously allowing the SS funds to be stolen and replaced with IOU's was a bad deal for those making contributions every paycheck and a bonanza for those who received checks (including Pakistan and Egypt) who contrubuted nothing.

SS needs to be severed from the general fund and what's going on now, seniors worrying about receiving checks they are entitled to should never be repeated.

Guess the Government will have to do without the 40% of SS tax revenue.

The scare tactics being employed are shameful. The government messed up and they should be the ones suffering with the worry of no checks! Pay off all the IOU's owed to the poor seniors before the jackasses on the hill receive anything! And shame on both Reps and Dems for hitting up granny!

BTW the SS Administration is owed almost $3 trillion from the Treasury. The Treasury has a balance of just over $70 billion. So we're actually in far worse shape than portrayed and the last thing we need at this point is to borrow more money!

[Danzig]

its a shame that they didnt make it a rule from the get go that money in could only go to ss and medicare. live and learn i guess. that money should never have been part of the general fund.

[dellinger63]

Originally Posted by Danzig

its a shame that they didnt make it a rule from the get go that money in could only go to ss and medicare. live and learn i guess. that money should never have been part of the general fund.

it's a shame we had slaves but we righted that wrong.

Never too late.

And SSI and Medicaid have no business being included in SS and Medicare!

[Danzig]

Originally Posted by dellinger63

it's a shame we had slaves but we righted that wrong.

Never too late.

And SSI and Medicaid have no business being included in SS and Medicare!

medicaid is only partially funded by the feds, it's more a state run program...it's for the indigent, and can't be confused with medicare, which is medical care for the elderly...

dell, on monday, buy a long term care policy. trust me on that one. it beats suicide when you have to go into a raisin ranch after the state takes all your assets...that way you can stay at home when you're old and decrepit, with a young nurse coming to take care of you and the old lady!

[dellinger63]

Originally Posted by Danzig

medicaid is only partially funded by the feds, it's more a state run program...it's for the indigent, and can't be confused with medicare, which is medical care for the elderly...!

Medicaid should not be funded with Medicare money just as SSI should not be funded with SS .

This is my point. Seniors should only fear not receiving a check when the SS trust fund balance is approaching zero. It's supposedly at $3 trillion now so where's the money? How people can't see the Ponzi in what has occurred is befuddling?

Then I read a Riot post and realize how gullible some people actually are.

[Danzig]

Originally Posted by dellinger63

Medicaid should not be funded with Medicare money just as SSI should not be funded with SS .

This is my point. Seniors should only fear not receiving a check when the SS trust fund balance is approaching zero. It's supposedly at $3 trillion now so where's the money? How people can't see the Ponzi in what has occurred is befuddling?

Then I read a Riot post and realize how gullible some people actually are.

i don't know if medicaid comes out of medicare/ss funds...it doesn't really matter, since it's all lumped in one place in d.c. anyway.
and it's medicaid that is about to go thru the roof to pay for obamacare-states portions will rise dramatically over the next 9 years. so, altho the feds might make it look as tho it will save us in fed dollars, it's not going to save us in dollars, as states will have to 'enhance their revenue' to pay their part.


like i said in the other thread, there needs to be serious changes to ss. look at your pay stub, look at how much you pay into ss..do the math, take that sum and multiply for ten years. would that money pay your retirement supplement that they promise you in your ss papers they send to you if you live to 74, (that's the life expectancy of a male in the u.s.) and retired at 65. because ten years is all that's required of you to be 'fully invested' in ss and medicare.
the amount of time required to be fully funded should be tripled or even quadrupled, with appropriate premiums if you're not.