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 1,095,398 Comments Last updated 5 min ago

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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#955149
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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#955152
Jul 27, 2013
 

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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.
Waxman

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#955155
Jul 27, 2013
 

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RealDave wrote:
<quoted text> 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.
Hey Dumb Dave.

What does the word "Abandon" mean?
Waxman

Windsor, CT

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#955156
Jul 27, 2013
 

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RealDave wrote:
<quoted text> WTF that Obamacare have to do with the free phones? You really get dumber eery day.
Hey Dumb Dave. What is welfare for losers like you gone wild?

Since: Sep 08

Santa Barbara, CA

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#955157
Jul 27, 2013
 

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Tits Magee wrote:
Je ne suis pas sûr, ma douce, si les règles d'engagement Topix permettez-moi de vous séduire en français? Espérons-le.
Vous savez que j'ai toujours admiré votre créativité littéraire. Tout comme Satre, vous êtes considéré comme scandeloous par beaucoup. Vous devriez être fier.
Tits Magee

Paris, France

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#955158
Jul 27, 2013
 
Je suis fier, mais d'abord je suis un homme, ce qui est différent.
Tits Magee

Paris, France

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#955159
Jul 27, 2013
 
Un jour, tu seras juste une femme avec moi, c'est beaucoup plus simple que le détour que vous prenez.
Tits Magee

Paris, France

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#955160
Jul 27, 2013
 
Nous étions les premiers et only alliés, rappelez-vous ...

Since: Aug 11

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#955161
Jul 27, 2013
 
Tits Magee wrote:
Je suis fier, mais d'abord je suis un homme, ce qui est différent.
here is what it translates into English

"I am proud, but first I am a man, which is different."

Since: Aug 11

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#955162
Jul 27, 2013
 
Tits Magee wrote:
Un jour, tu seras juste une femme avec moi, c'est beaucoup plus simple que le détour que vous prenez.
here is what it translates into English

"One day you'll just be a woman with me, it's much easier than taking the detour."

Since: Aug 11

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#955163
Jul 27, 2013
 
Tits Magee wrote:
Nous étions les premiers et only alliés, rappelez-vous ...
here is what it translates into English

"We were the first and only allies, remember ..."

Since: Feb 08

Spokane, WA

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#955164
Jul 27, 2013
 
Waxman wrote:
<quoted text>
Keep talking dummy...
We can tell you are a moran.
"Waxman"
You have to understand that "real dumb" knows all. He knows the needs of everyone, what they need, when they need it. He is a firm believer that folks like you and me and all who think for themselves do not want the government to decide what is in our best interest are idiots. He wants all to emulate the federal government;
- Spend, spend, spend, 16 + and counting trillions in debt
- Take advantage of all the freebies; food stamps, rent subsidies, free phones,
- Tax those who are successful, those who bust the butts, provide for their families, pay their taxes
Peace
Tits Magee

Paris, France

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#955165
Jul 27, 2013
 

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Anonymous of Indy wrote:
<quoted text>here is what it translates into English
"We were the first and only allies, remember ..."
The difference, it seems to me, is that she knows what it all means... and you don't. The secret to understanding a language is in understanding its jokes... which you, clearly, do not.

Since: Dec 08

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#955166
Jul 27, 2013
 

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Details are surfacing...

"Diplomatic security agent David Ubben, like former Navy SEALs Tyrone Woods and Glen Doherty, ran into the Special Mission Compound (SMC) to help save US officials under siege in Benghazi. Ubben was struck by a mortar round that killed Woods and Doherty. His leg was shredded. Ubben was forced to wait twenty hours before a plane was sent to pick him up."

http://www.thegatewaypundit.com/2013/07/break...

You don't leave Americans to die in Benghazi when you have the MEANS to prevent it...PERIOD.
Tits Magee

Paris, France

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#955167
Jul 27, 2013
 

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Without us, mon ami, you would be swilling English beer even now. Be humble.

Since: Dec 08

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#955168
Jul 27, 2013
 

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Tits Magee wrote:
<quoted text>
The difference, it seems to me, is that she knows what it all means... and you don't. The secret to understanding a language is in understanding its jokes... which you, clearly, do not.
ooga...booga...klick...klick.. .sham...a...lam.a.ding-dong.

Translation:

You silly ninny, the snail you ate was full of poo poo!

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