Barack Obama, our next President

Full story: Hampton Roads Daily Press

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...
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877,361 - 877,380 of 1,084,946 Comments Last updated 2 min ago
Yeah

Mililani, HI

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#955133
Jul 27, 2013
 

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Waxman wrote:
<quoted text>
I left the Democrat Party too. They are full of hate.
I'm sure you were dumped, son!
John Galt

Temecula, CA

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#955134
Jul 27, 2013
 

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USAsince1680 wrote:
<quoted text>
Doesn't matter. We were discussing the leave of absence given to IRS employees. In their case "the employer" must show 'just cause' for firing them. That involves an investigation. Otherwise, they could easily file a wrongful termination lawsuit the would result in you (the taxpayer) shoveling out millions in settle fees.
There is no such thing as "wrongful termination" when most business employees are "employees at will."

Government employment conditions are an anachronism that need to be changed. If you screw up, you're history.
John Galt

Temecula, CA

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#955135
Jul 27, 2013
 

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USAsince1680 wrote:
<quoted text>
So? The voters elected another Democrat and she decided to stab them in the backs by not serving her community. The Democrats loss to farmer whatshisname because they didn't pick a better candidate. Being a Dumbo, you should be familiar with that scenario.
51.9 to 41,7 in a special election after the incumbent DemoKKKrat resigned.

Spin away.

Nice job trashing a Latina, you racist pig.
John Galt

Temecula, CA

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#955136
Jul 27, 2013
 

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Yeah wrote:
<quoted text>They're so party centric, they prefer a bad con over a good democrat...
... requires no thinking on their part!
The voters elected a farmer, one of their neighbors, over a professional political hack.

Shame on them.
John Galt

Temecula, CA

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#955137
Jul 27, 2013
 

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RealDave wrote:
<quoted text>
There is a SS Trust Fund.
I guess you think that there is a box in the bank that hold's your money. When you buy something using a check or debit card, a man goes to that box, pulls the correct amount of money & sends it to the recipient.
BS. No trust fund. No guarantee of benefits.
TheIndependentMa jority

London, KY

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#955138
Jul 27, 2013
 

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John Galt wrote:
<quoted text>
Of course, they could claim executive privilege if Obama was directly involved in their actions.
Kind of like Libya, and WTH were we doing there to start with?

More than 1,000 detainees escaped from a prison near the eastern Libyan city of Benghazi in a massive jailbreak Saturday, officials said, as protesters stormed political party offices in Libya's main cities.

It wasn't immediately clear if the jailbreak at the Koyfiya prison came as part of the demonstrations. Protesters had massed across the country angry over the killing of an activist critical of the country's Muslim Brotherhood group.,...

Benghazi's security situation is among the most precarious in post-revolution Libya. Last year, U.S. Ambassador Chris Stevens and three other Americans were killed in the attack on a U.S. diplomatic mission in the city.

Meanwhile Saturday, hundreds gathered in the capital Tripoli after dawn prayers, denouncing the Friday shooting death of Abdul-Salam Al-Musmari.

They set fire to tires in the street and demanded the dissolution of Islamist parties....

....The two incidents highlighted Libya's precarious security situation and the challenges the North African country faces as it tries to restore security nearly two years after the ouster and killing of longtime dictator Moammar Gadhafi.

In Tripoli, protesters appeared to be inspired by events in neighboring Egypt, where millions took to the streets Friday to answer a call from the army chief, who said he wanted a mandate to stop "potential terrorism" by supporters of the country's ousted president, Mohammed Morsi, who hails from the Brotherhood.

"We don't want the Brotherhood, we want the army and the police," Libyan protesters chanted, repeating a slogan also used in Egypt. Libya's nascent security forces are struggling to control the country's militias, most of whom have roots in the rebel groups that overthrew Gadhafi in 2011.....

Gunmen outside of the prison fired into the air as inmates inside began setting fires, suggesting the jailbreak was preplanned, a Benghazi-based security official said.....

\ Mohamed, E. "More than 1,000 detainees escape Libyan prison near Benghazi, officials say". AP/NBCWordnews. Web. 7/27/2013
TheIndependentMa jority

London, KY

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#955139
Jul 27, 2013
 

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RealDave wrote:
<quoted text>
There is a SS Trust Fund.
I guess you think that there is a box in the bank that hold's your money. When you buy something using a check or debit card, a man goes to that box, pulls the correct amount of money & sends it to the recipient.
Alot of it in theory ONLY duhmmy.

he Treasury both receives the payroll taxes (and income taxes that higher-income retirees pay on their Social Security benefits) and pays monthly benefits on behalf of the Social Security Administration (SSA). The money stays in the Treasury's hands until it is either paid out as Social Security benefits or otherwise spent by the government. In fact, no money ever goes into the trust fund. Instead, the trust fund balance is the result of two accounting entries by the Treasury.
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.
At the end of 2002, the Social Security trust fund had a balance of $1.22 trillion. During 2003, the Treasury received $544 billion in Social Security taxes and paid out $406 billion in Social Security benefits. Therefore, the trust fund received $138 billion in these special-issue Treasury bonds, resulting in a trust fund balance of $1.36 trillion at the end of 2003.
Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998;
When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.
According to the Office of Management and Budget under the Clinton Administration in 1999:
These [trust fund] balances are available to finance future benefit payments and other trust fund expenditures--but only in a bookkeeping sense. These funds are not set up to be pension funds, like the funds of private pension plans. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury, that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.[Emphasis added.]
In short, the Social Security trust fund is really only an accounting mechanism. The trust fund shows how much the government has borrowed from Social Security, but it does not provide any way to finance future benefits. The money to repay the IOUs will have to come from taxes that are being used today to pay for other government programs. For that reason, the most important date for Social Security is 2018, when taxpayers must begin to repay the IOUs, not 2042, when the trust fund is exhausted.
This public Service announcement brought to yo by
The T(axed) E(nough) A(lready Drained dry) Party.
DON'T be touching the WORKING Class contributions!!

Since: Aug 11

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#955140
Jul 27, 2013
 

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RealDave wrote:
<quoted text>
There is a SS Trust Fund.
I guess you think that there is a box in the bank that hold's your money. When you buy something using a check or debit card, a man goes to that box, pulls the correct amount of money & sends it to the recipient.
No there is not and never has been a Social Security Trust Fund since Social Security was started which it is based on a Ponzi Scheme that is based on pay as you go besides the Federal Government Can spend the Social Security Tax anyway the Federal Government wants as stated in the SCOTUS case of Helvering v. Davis established in 1937 which FDR was spending it and FDR did and remember when the Federal Government has no more money there is no more Social Security because its not a Trust Fund.

Below explains the logic why there is no Social Security Trust Fund from the Article link below

Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998:

When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.

Misleading the Public: How the Social Security Trust Fund Really Works

As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.

The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay. Far too soon, payroll taxes will be insufficient to pay all of the promised benefits. Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.

http://www.heritage.org/research/reports/2004...

Social Security, Ponzi Schemes,
and the Need for Reform
by Michael Tanner

Pg12 of the PDF As the Clinton administration’s Fiscal Year 2000 Budget explained it

However, in reality, the Social Security Trust Fund is not an asset that can be used to pay benefits. As the Clinton administration’s Fiscal Year 2000 Budget explained it:

These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures — but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Instead, they are claims on the Treasury that, when redeemed, will
have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.

The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits.

http://www.cato.org/sites/cato.org/files/pubs...
TSM

El Paso, TX

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#955141
Jul 27, 2013
 

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John Galt wrote:
<quoted text>
Evan Bayh is a traditional Democrat who no longer has a place in the party.
Let’s not forget about Joe Lieberman He had to switch Party’s!!
TheIndependentMa jority

London, KY

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#955142
Jul 27, 2013
 

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Anonymous of Indy wrote:
<quoted text>I say eliminate Social Security & Medicare now since the Pseudo Liberal Warren SCOTUS ruled in 1960 in the case of Flemming V Nestor that Individuals have no rights to Social Security and it is the same Medicare which are based on a tax besides the 1937 SCOTUS ruling stated that the Social Security Tax is just a tax like any other Tax and the Federal Government is free to spend it anyway the Federal Government wishes which why there has never been a Social Security Trust Fund just on paper as an accounting practice which Clinton admitted in his 2000 Budget which is one thing I will give Bill Clinton Credit for and he wasnt lying.
The obam admin would be OWING ALOT OF PEOPLE, that have worked and PAID alot into it over YEARS and YEARS.

So how about they just CAP, CURB and maybe even Cut some of it to ONLY 18 and over sectors- that should reduce some of dar fwee montly givverment payouts and shore it up a little for the ones that DID!!
TheIndependentMa jority

London, KY

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#955143
Jul 27, 2013
 

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Anonymous of Indy wrote:
<quoted text>No there is not and never has been a Social Security Trust Fund since Social Security was started which it is based on a Ponzi Scheme that is based on pay as you go besides the Federal Government Can spend the Social Security Tax anyway the Federal Government wants as stated in the SCOTUS case of Helvering v. Davis established in 1937 which FDR was spending it and FDR did and remember when the Federal Government has no more money there is no more Social Security because its not a Trust Fund.
Below explains the logic why there is no Social Security Trust Fund from the Article link below
Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998:
When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.
Misleading the Public: How the Social Security Trust Fund Really Works
As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.
The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay. Far too soon, payroll taxes will be insufficient to pay all of the promised benefits. Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.
http://www.heritage.org/research/reports/2004...
Social Security, Ponzi Schemes,
and the Need for Reform
by Michael Tanner
Pg12 of the PDF As the Clinton administration’s Fiscal Year 2000 Budget explained it
However, in reality, the Social Security Trust Fund is not an asset that can be used to pay benefits. As the Clinton administration’s Fiscal Year 2000 Budget explained it:
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures — but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Instead, they are claims on the Treasury that, when redeemed, will
have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.
The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits.
http://www.cato.org/sites/cato.org/files/pubs...
We just went over that.

And STILL--the government will OWING ALOT OF PEOPLE-that WORKED and contributed over A LOT of years, they're hard earned dollars-BACK TO THEM.
TheIndependentMa jority

London, KY

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#955144
Jul 27, 2013
 

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TSM wrote:
<quoted text>
Let’s not forget about Joe Lieberman He had to switch Party’s!!
That is still one of the BEST examples of TRUE DEMOCRACY in action!!

The INDEPENDENT VOTERS And Candiadates of America!

Heck YA!
:-)
TheIndependentMa jority

London, KY

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#955145
Jul 27, 2013
 

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John Galt wrote:
<quoted text>
There is no such thing as "wrongful termination" when most business employees are "employees at will."
Government employment conditions are an anachronism that need to be changed. If you screw up, you're history.
I always found that warped entitleMENTALed assumption on workers UI to be the biggest one to have raise an eyebrow at.

Being as EMPLOYERS pay that (and ONLY employers) as a precautionary economic measure.

I've heard some entitleMENTAL cases carry on in abject ignorance, as if UI was out of of employee pockets.

The TOXIC poison of the cluelessness of libuhrulTICS, entitleMENTAL diseases and socio-ILLogical disorders!!

Since: May 11

Shippensburg, PA

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#955146
Jul 27, 2013
 

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Anonymous of Indy wrote:
<quoted text>No there is not and never has been a Social Security Trust Fund since Social Security was started which it is based on a Ponzi Scheme that is based on pay as you go besides the Federal Government Can spend the Social Security Tax anyway the Federal Government wants as stated in the SCOTUS case of Helvering v. Davis established in 1937 which FDR was spending it and FDR did and remember when the Federal Government has no more money there is no more Social Security because its not a Trust Fund.
Below explains the logic why there is no Social Security Trust Fund from the Article link below
Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998:
When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.
Misleading the Public: How the Social Security Trust Fund Really Works
As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.
The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay. Far too soon, payroll taxes will be insufficient to pay all of the promised benefits. Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.
http://www.heritage.org/research/reports/2004...
Social Security, Ponzi Schemes,
and the Need for Reform
by Michael Tanner
Pg12 of the PDF As the Clinton administration’s Fiscal Year 2000 Budget explained it
However, in reality, the Social Security Trust Fund is not an asset that can be used to pay benefits. As the Clinton administration’s Fiscal Year 2000 Budget explained it:
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures — but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Instead, they are claims on the Treasury that, when redeemed, will
have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.
The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits.
http://www.cato.org/sites/cato.org/files/pubs...
Blah Blah Blah.

The fund loans its excess to the Federal Government under a law signed by Reagan.

It does not mea that the fund does not exist.

And you still think your bank has a spot in a box with your money in it.

If not for the IOUs, that money would have had to been borrowed from other sources.

Since: Aug 11

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#955147
Jul 27, 2013
 

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John Galt wrote:
<quoted text>
BS. No trust fund. No guarantee of benefits.
exactly and why there is such an interest by the Federal Government to confiscate 401k and private Pension just like the Federal Government did under FDR with the Railroad Pensions which to this day still has control and they want to dump into Social Security which is actually the US Treasury so the Federal Goverment can spend it.

Since: Aug 11

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Jul 27, 2013
 

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TheIndependentMajority wrote:
<quoted text>
The obam admin would be OWING ALOT OF PEOPLE, that have worked and PAID alot into it over YEARS and YEARS.
So how about they just CAP, CURB and maybe even Cut some of it to ONLY 18 and over sectors- that should reduce some of dar fwee montly givverment payouts and shore it up a little for the ones that DID!!
Federal Government owes nothing to people is the point and it has been that way since 1960 when Pseudo Liberal SCOTUS ruled in the case of Flemming V Nestor and it is legal.

Is There a Right to Social Security?

By Michael D. Tanner

November 25, 1998

You worked hard your whole life and paid thousands of dollars in Social Security taxes. Now it’s time to retire. You’re legally entitled to Social Security benefits, right? Wrong. There is no legal right to Social Security, and that is one of the considerations that may decide the coming debate over Social Security reform.

Many people believe that Social Security is an “earned right.” That is, they think that because they have paid Social Security taxes, they are entitled to receive Social Security benefits. The government encourages that belief by referring to Social Security taxes as “contributions,” as in the Federal Insurance Contribution Act. However, in the 1960 case of Fleming v. Nestor, the U.S. Supreme Court ruled that workers have no legally binding contractual rights to their Social Security benefits, and that those benefits can be cut or even eliminated at any time.

Ephram Nestor was a Bulgarian immigrant who came to the United States in 1918 and paid Social Security taxes from 1936, the year the system began operating, until he retired in 1955. A year after he retired, Nestor was deported for having been a member of the Communist Party in the 1930s. In 1954 Congress had passed a law saying that any person deported from the United States should lose his Social Security benefits. Accordingly, Nestor’s $55.60 per month Social Security checks were stopped. Nestor sued, claiming that because he had paid Social Security taxes, he had a right to Social Security benefits.

The Supreme Court disagreed, saying “To engraft upon the Social Security system a concept of ‘accrued property rights’ would deprive it of the flexibility and boldness in adjustment to ever changing conditions which it demands.” The Court went on to say,“It is apparent that the non-contractual interest of an employee covered by the [Social Security] Act cannot be soundly analogized to that of the holder of an annuity, whose right to benefits is bottomed on his contractual premium payments.”

http://www.cato.org/publications/commentary/i...

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

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#955150
Jul 27, 2013
 

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Anonymous of Indy wrote:
<quoted text>No there is not and never has been a Social Security Trust Fund since Social Security was started which it is based on a Ponzi Scheme that is based on pay as you go besides the Federal Government Can spend the Social Security Tax anyway the Federal Government wants as stated in the SCOTUS case of Helvering v. Davis established in 1937 which FDR was spending it and FDR did and remember when the Federal Government has no more money there is no more Social Security because its not a Trust Fund.
Below explains the logic why there is no Social Security Trust Fund from the Article link below
Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998:
When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.
Misleading the Public: How the Social Security Trust Fund Really Works
As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.
The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay. Far too soon, payroll taxes will be insufficient to pay all of the promised benefits. Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.
http://www.heritage.org/research/reports/2004...
Social Security, Ponzi Schemes,
and the Need for Reform
by Michael Tanner
Pg12 of the PDF As the Clinton administration’s Fiscal Year 2000 Budget explained it
However, in reality, the Social Security Trust Fund is not an asset that can be used to pay benefits. As the Clinton administration’s Fiscal Year 2000 Budget explained it:
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures — but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Instead, they are claims on the Treasury that, when redeemed, will
have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.
The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits.
http://www.cato.org/sites/cato.org/files/pubs...
Dumb Dave makes it up as he goes. Lots of bluff and bluster but no head on his shoulders.

He'd make a good used car salesman or Dog Catcher.

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

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IRS Workers Want Out of Obamacare: http://tinyurl.com/l7zqzht

Those same folks who will be screwing you around with Obamacare, don't want Obamacare for themselves.

Will the Magic Negro be enlisted in Obamacare?
Waxman

Windsor, CT

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#955153
Jul 27, 2013
 

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shinningelectr0n wrote:
<quoted text>
Dumb Dave makes it up as he goes. Lots of bluff and bluster but no head on his shoulders.
He'd make a good used car salesman or Dog Catcher.
Dumb Dave is obviously someone who was not successful in life. A lot of problems upstairs with that dude.
Waxman

Windsor, CT

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#955154
Jul 27, 2013
 

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Yeah wrote:
<quoted text>Andy you're foreign scum, son!
Quit humping my leg, libtard.

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