Spin Meter: Despite Obama's warning, ...

Spin Meter: Despite Obama's warning, Social Security checks could flow absent a debt deal

There are 170 comments on the The Washington Post story from Jan 15, 2013, titled Spin Meter: Despite Obama's warning, Social Security checks could flow absent a debt deal. In it, The Washington Post reports that:

No one doubts dire things will happen, and fast, if the government runs out of borrowing authority in coming weeks.

Join the discussion below, or Read more at The Washington Post.

au contraire

“Forever Is Promised To No One”

Since: Nov 12

Location hidden

#107 Jan 17, 2013
Pamela wrote:
<quoted text>Exactly. When SS began paying out money it paid $200 a month and only about one out of ten people lived long enough to collect it. The life expectancy age was 62 so the government set the age to be able to get SS and Medicare at 65, so not very many people got those things and those who did only lived for a few more years. It was not set up to pay every person and every person's spouse who did not work and give every old person Medicare no matter they worked or not and pay big money to each person for 20-30 years retired. Today people look at it like a big chunk of money, a big part of their retirement. It was really set up to keep poor people from becoming homeless and from dying from lack of health care. Today men who have a wife who did not work can get double payments and double Medicare, so they get out millions of dollar more that they paid in if they live into their 80s or 90s, and they can get as much as $2,700 a month if they get a double payment, so that is a big chunk of money. It's kind of welfare for the rich and the middle class.
Just another liberal government idea that didn't work and was unconstitutional. What's new.
guess who

Mountain Home, AR

#108 Jan 17, 2013
Pamela wrote:
<quoted text>SS encouraged people to spend all of their money. They just assumed they would get all of that money from SS and get full free health care from the government so they spent all of their money. I looked at it back in the 1980s when I first met a lot of older WWII folks going onto SS and Medicare and I could see back then that those programs were going to go broke. In those days, the WWII folks would tell you it was all welfare to them after they had been on the programs for about a year, and they would tell you about all the free surgeries and tests they were getting. So back then, I wondered why the government didn't turn Medicare into vouchers because when I saw all of those people getting all of that expensive free stuff, I figured Medicare must be near bankruptcy. You can't do that kind of thing for very long - only tax workers 1.45 percent and then give those who didn't pay into Medicare big expensive old aged health care for 20-40 years. That's what happened. Over half of my relatives from the WWII generation are still alive and still on Medicare 35 years after they went onto it, and they did not pay into it. So imagine 60 million people on Medicare and SS with those kinds of costs not paid for. That's how the programs went broke.
The government should NOT have given the WWII folks Medicare for free. They took the baby boomers' money and gave it to the WWII folks. They should have given the WWII folks vouchers and saved the tax money the baby boomers paid in for the baby boomers.
Very good assesment. So now the ponzi sceme is no longer working. Apparently the politicans from both partys want it to fail. Because the payroll tax holiday reduced witholdings from about 7% to 4%?

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#109 Jan 17, 2013
Armo wrote:
<quoted text>
....after they DO force me to pay into it?
You're the one who supports raising the retirement age so that millions of other people who have been forced to pay into it their entire lives don't get a penny because they die before becoming eligible.

If it's okay to screw them, why stop there?

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#110 Jan 17, 2013
Armo wrote:
<quoted text>
More lass warfare drama--geez, go to public schools like everyone else, pay attention instead of cutting class or staring out the window, get that "cushy" office job.
You can't expect others to pay for your retirement. How about some personal responsibility?
Fine, then give up YOUR social security and pay for YOUR own retirement.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#111 Jan 17, 2013
Armo wrote:
<quoted text>
Now you want to screw those that scrimped and saved on their own plus paid into the system out of any benefits. Bad idea.
Still better than screwing those who happen to die before they meet your acceptable age of retirement.

Of course you immediately rush to protect the rich; gee what a shocker.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#112 Jan 17, 2013
Armo wrote:
<quoted text>
The Baby Boom generation is much larger than the GenX generation that will be paying for their SS benefits. That there IS the problem.
Of course, the retirement age would have to be phased in--those whose r4etirements are 10 or more years away would have the later benefits age.
Why should it be phased in? As you admit, it's the LARGE baby boomer generation which will be sucking social security dry. Why shouldn't THEY have to contribute to solve the very problem THEY created?

Why should they get a free ride, while someone who has paid into it there entire lives but are unlucky enough to be 10 years & a day over your arbitrary cutoff get screwed out all the money they paid into the system?

If you want a fair solution, the it has to apply to EVERYONE, including those currently retired or getting close.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#113 Jan 17, 2013
Btw, had we not spent the $2.5 TRILLION in excess social security contributions paid in by those baby boomers, social security would be solvent until at least 2033.

Not coincidentally, that is the point at which the majority of baby boomers will also be dead, thereby ensuring the solvency of social security decades further into the future.

The only thing we need to do is pay back the $2.5 TRILLION which was stolen from the trust fund and the problem is solved through 2033. After that we can make additional tweaks to the system as necessary- i.e. raising the income level subject to taxation.
guess who

Mountain Home, AR

#114 Jan 17, 2013
WeTheSheeple wrote:
<quoted text>
Fine, then give up YOUR social security and pay for YOUR own retirement.
Im 66 and just now have applied for social security. I did physical outside work and Im wore out. I do have assetts and could survive without it. however im against means test. because it would punish me and others like me for doing the correct things. I paid in to the fund for almost 50 years. Ill be happy if I just get back what ive paid.

au contraire

“Forever Is Promised To No One”

Since: Nov 12

Location hidden

#115 Jan 17, 2013
WeTheSheeple wrote:
<quoted text>
Still better than screwing those who happen to die before they meet your acceptable age of retirement.
Of course you immediately rush to protect the rich; gee what a shocker.
SHOCK: It was reported today that none of the wounds on the teachers or children in Connecticut were from the AR-15 Bushmaster. All wounds were from the pistols. The AR-15 was in the car. Obama knew this, and yet once again Obama lied and used children to attack the second amendment.........just like Hitler

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#116 Jan 17, 2013
guess who wrote:
<quoted text> Im 66 and just now have applied for social security. I did physical outside work and Im wore out. I do have assetts and could survive without it. however im against means test. because it would punish me and others like me for doing the correct things. I paid in to the fund for almost 50 years. Ill be happy if I just get back what ive paid.
No worry; you'll likely get every penny you paid into the system and more.

Here's wishing you a happy healthy loooooong retirement.

Btw, I only bring up means testing as one way of extending the life of social security when others want the first cut to be those who have actually worked for a living and expect us to wait until age 72 or 75 to finally retire. Remember, MANY people "did the right thing" but lost HUGE chunks of their retirement portfolio in the market crash of '08; most have yet to recover.
guess who

Mountain Home, AR

#117 Jan 18, 2013
WeTheSheeple wrote:
<quoted text>
No worry; you'll likely get every penny you paid into the system and more.
Here's wishing you a happy healthy loooooong retirement.
Btw, I only bring up means testing as one way of extending the life of social security when others want the first cut to be those who have actually worked for a living and expect us to wait until age 72 or 75 to finally retire. Remember, MANY people "did the right thing" but lost HUGE chunks of their retirement portfolio in the market crash of '08; most have yet to recover.
Retirement? Heck I can still make $14000 and not reduce my ponzi check. Our corporations will simpy write a pay check to my wife instead of me. Ive just discontinued a part time truk driving job. The trouble with means test is it punishes the successful. food stamps rewards failure and punishes success in that the successful folks cash has to unfairly compete with so called free food stamps. And those who lost money in the stock market where stupid. They gave their money to some broker and paid him to gamble? Investing in a 401 is indeed gambling. When did gambling become the correct thing? If the stock market could actually make big returns on money without producing anything it would be the best kept secret. If those brokers could actually do as they claim Why do they need your money? The stock market is a bigger ponzi sceme than the social security. I dont feel sorry for those either greedy or stupid people who lost in the stock market. They should have used that money to pay for their home & other debts.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#118 Jan 18, 2013
guess who wrote:
<quoted text>Retirement? Heck I can still make $14000 and not reduce my ponzi check. Our corporations will simpy write a pay check to my wife instead of me. Ive just discontinued a part time truk driving job. The trouble with means test is it punishes the successful. food stamps rewards failure and punishes success in that the successful folks cash has to unfairly compete with so called free food stamps. And those who lost money in the stock market where stupid. They gave their money to some broker and paid him to gamble? Investing in a 401 is indeed gambling. When did gambling become the correct thing? If the stock market could actually make big returns on money without producing anything it would be the best kept secret. If those brokers could actually do as they claim Why do they need your money? The stock market is a bigger ponzi sceme than the social security. I dont feel sorry for those either greedy or stupid people who lost in the stock market. They should have used that money to pay for their home & other debts.
So people aren't supposed to rely on social security and are supposed to save for their own retirement, yet they're "gambling" if they invest in 401ks or the stock market or mutual funds. What are they supposed to do, stuff their money in a mattress?

So just where is all this magical wealth supposed to come from for the average worker to retire on without any of those investment mechanisms or social security?

I'd still support means testing for wealthy social security recipients before I'd support raising the retirement age.
guess who

Mountain Home, AR

#119 Jan 18, 2013
WeTheSheeple wrote:
<quoted text>
So people aren't supposed to rely on social security and are supposed to save for their own retirement, yet they're "gambling" if they invest in 401ks or the stock market or mutual funds. What are they supposed to do, stuff their money in a mattress?
So just where is all this magical wealth supposed to come from for the average worker to retire on without any of those investment mechanisms or social security?
I'd still support means testing for wealthy social security recipients before I'd support raising the retirement age.
Wouldnt those who lost in the stock market have been better off to pay that money on their home. They could get a reverse morgage. Even if they would have saved it in a FDIC insured bank account they would have been better off than gambling & losing in a 401K. Better yet if they would have used that money to start a small buisness or purchase rental property. I built mini storage. I bought row crop land that I let ohers rent & farm. I bought hill land that rents to hunters & generates inome from timber sales & grazing livestock. And guess what I dont need to rely on social security.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#120 Jan 18, 2013
au contraire wrote:
<quoted text>It proves you are stupid and a liar.
Thanks for admitting that you're stupid, and a liar. I appreciate your candor.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#121 Jan 18, 2013
The Delegate wrote:
<quoted text>This is what you wanted to post.
Distortions and lies are what you want to post, and DO post. Nothing unusual or new about that, troll.
the rest of us

Saint Paul, MN

#122 Jan 18, 2013
tha Professor wrote:
<quoted text>
Thanks for admitting that you're stupid, and a liar. I appreciate your candor.
LOLOLOLOLOL......Professor Fartsack you are pathetic. Thank the Lord you have absolutely no authority nor influence in the real world.

au contraire

“Forever Is Promised To No One”

Since: Nov 12

Location hidden

#123 Jan 18, 2013
WeTheSheeple wrote:
<quoted text>
So people aren't supposed to rely on social security and are supposed to save for their own retirement, yet they're "gambling" if they invest in 401ks or the stock market or mutual funds. What are they supposed to do, stuff their money in a mattress?
So just where is all this magical wealth supposed to come from for the average worker to retire on without any of those investment mechanisms or social security?
I'd still support means testing for wealthy social security recipients before I'd support raising the retirement age.
All Social Security is, is the government giving back to me my own money interest free. It has nothing to do with Welfare, SSI to Illegals nor paying liberals to sit on their ass for two years due to Obama's failed policies.

au contraire

“Forever Is Promised To No One”

Since: Nov 12

Location hidden

#124 Jan 18, 2013
tha Professor wrote:
<quoted text>
Distortions and lies are what you want to post, and DO post. Nothing unusual or new about that, troll.
Where is the proof to back up your rant pookie. Ask your proctoligist to help you find them Harv.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#125 Jan 18, 2013
au contraire wrote:
<quoted text>Just another liberal government idea that didn't work and was unconstitutional. What's new.
It's worked for nearly 80 years, it still works fine today, and there was never remotely anything "unConstitutional" about it. Not that you know a damned thing about the Constitution, of course, or could point out HOW it was "unconstitutional."

Quit lying and just go away, troll.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#127 Jan 18, 2013
the rest of us wrote:
<quoted text>
LOLOLOLOLOL......Professor Fartsack you are pathetic. Thank the Lord you have absolutely no authority nor influence in the real world.
Prove that you're not au Jimbo under another name. I'm waiting.

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