Every penny is, which is why 740 million in annual savings is YUGE in my book...and even if they find minimal fraud (whatever that is)...year over year it'll add up...Cannonpointer » Today, 1:41 pm » wrote: ↑ Okaaay..
But according to your link, of 800 million in savings, AT MINIMUM 740 million of it is accounted for outside of any fraud or abuse remediation. Which brings us back to who is dealing in fearporn and who is trying to right the system rather than manipulate its owners. Cuz make no mistake, every penny of that system belongs to the people who paid into it. Every last cent.
If Elon wants to tweak a few things to tighten things up for efficiency, I'll get into the Grateful to Elon line and take my **** hat off when he passes by. But if he's turning loose jewish investment bankers to steal my money, I have some issues.
And when I check my gut, I have to say this: Using fearporn and campfire stories makes his argument and his motive pretty **** suspect. The guy who is obviously trying to manipulate me is PROBABLY the guy who is obviously trying to manipulate me - if you follow my reasoning.
I smell a rat. A big orange rat.
so you don't like bonds as the investment tool while being adamant about it not being invested somewhere else...huh...Cannonpointer » Today, 2:04 pm » wrote: ↑ The trust fund is solvent through 2035 with no action taken, and would then be forced to pay only 83% of benefits - if no remediation occurs. And this is in spite of a criminally low return that doesn't even pace inflation. Workers should be asking why the **** SS bonds receive a lower return than other investment bonds. There's your **** skunk - not the 300 year old ghost recipients that do not exist and are pure campfire fiction invented by Trump and Elon.
Throughout the boomer years, SS took in WAY more than it paid out. The boomers retiring reversed that - which is expected. Now it is paying out - from its bonds - more than it is taking in.
You understand this process perfectly as applied to your other retirement savings. Why is it difficult to understand it with SS?
Even if you were right that current workers are funding the retirement of yesterday's workers, the manner in which you present that information is extremely strange. If it were true, it would be an outrage. Where the **** did the money go? This would be the crime of the century. Where did those trillions of dollars go?
And for the record, income FROM the bonds is not what retirees were told to count on. It is the bonds themselves.
It would have to be "pay as you go"...OTW a whole generation would have had to pay in before the next generation could receive any monies when they retire...Fuelman » Today, 3:14 pm » wrote: ↑ I don't look at my retirement accounts the same way as SS cause they are two entirely different things. SS is a welfare program and the formula for benefits proves it. No such formula is applied to our retirement accounts.
Maybe you have never heard of the "pay as you go" system, would surprise the **** out of me!
+2Social Security is called a "pay-as-you-go" program because current workers' payroll taxes directly fund benefits for current retirees, rather than being saved or invested to fund future payments. Here's a more detailed explanation:Current Workers Fund Current Beneficiaries:The core principle of a pay-as-you-go system is that the taxes collected from today's workers (employers and employees) are used to pay the benefits to today's retirees and beneficiaries. No Savings or Investment:Unlike a fully funded pension plan, Social Security doesn't accumulate a large reserve fund or invest the money collected from taxes. Direct Transfer of Funds:The money collected from payroll taxes is immediately used to pay out benefits, creating a direct transfer of funds from current workers to current beneficiaries.
Fact or fiction, you decide.
As far as the 300 year old being on the SS books, why the hell is that name there in the first place? Did some idiot think it was a good idea to go back 200 years and give some dead guy a SS number? Yes, there were idiots who thought all these people were getting checks, bless their hearts! The more important point is the antiquated data base, that's what I took away from it.
Of course they're going to do something with it...why? because no company in the history of the world can lose $10 billion every year and remain solvent..jerrab » Today, 5:20 pm » wrote: ↑ you think not??? really not? this administration has gone whacko, everyday something. now they want to screw abound with the US postal service. the budget passed was not about saving money but about freeing up money for millionaires.
I will say this much. 800 million in savings is **** up, since 800 million in COSTS is outrageous.ROG62 » 27 minutes ago » wrote: ↑ Every penny is, which is why 740 million in annual savings is YUGE in my book...and even if they find minimal fraud (whatever that is)...year over year it'll add up...
I look at it as they've been at it for 60 days running into very suspicious opposition at every turn...that tells me a lot about the "business as usual crowd..." as they seem to be willing to run out the clock on America...
800 million is so **** up...I mean what company could sustain **** like that? same with the USPS...congress hog ties them, then bitches when they have to bail them out...Cannonpointer » Today, 6:55 pm » wrote: ↑ I will say this much. 800 million in savings is **** up, since 800 million in COSTS is outrageous.
So, yeah. There clearly needs to be some oversight. But when the overseers are linked to shady characters - jew investment bankers, aka the usual suspects who steal Americans' ****, - and they're justifying their actions with campfire stories, that stands the hair on the back of my neck at attention.
Damned great post brother!Mrkelly » Yesterday, 4:17 pm » wrote: ↑ Because we paid into it
WE ARE ENTITLED TO IT
That always gets lost in the conversation
but but .. we have to make cuts
not in the military
Not in the 4 trillion in tax cuts
but this
I bet that few voted for this
Because they were told that it will never happen
Carlin was right .. again
https://youtu.be/YRw3LPlbLX4?si=SYAWhbfeIAEjlCPU
But....TRILLIONS for the F47...ROG62 » 18 minutes ago » wrote: ↑ 800 million is so **** up...I mean what company could sustain **** like that? same with the USPS...congress hog ties them, then bitches when they have to bail them out...
Neocon Austerity has arrived.....its that simple.Cannonpointer » Today, 6:55 pm » wrote: ↑ I will say this much. 800 million in savings is **** up, since 800 million in COSTS is outrageous.
So, yeah. There clearly needs to be some oversight. But when the overseers are linked to shady characters - jew investment bankers, aka the usual suspects who steal Americans' ****, - and they're justifying their actions with campfire stories, that stands the hair on the back of my neck at attention.
When you quit slobbering, maybe you can address what I posted instead of turning it into nonsense about Trump stopping Social Security funding, that's just mindless ****.Cannonpointer » Today, 12:34 am » wrote: ↑ You stupid ****. Dore endorsed Trump. Dore defended Trump. Dore is not a partisan hack like you. If you had WATCHED the media before commenting on it, you would be concerned that Trump is coming after YOUR social security, you ***. He is still funding Ukraine, still funding Israel, and looking to STOP funding your social security and Medicaid, from the looks of it.
I have DEFENDED DOGE against Mr. Kelly in other threads, and challenged him to show me one area where DOGE is a threat to the general public. Well,mother ****, he sure as hell put up.
Here is Dore getting thrown under the bus by libtards for endorsing Trump, you gee-gawing little simp:
https://www.youtube.com/watch?v=RKaILS5S_Ec
Precisely correct. The USPS is one of the most effective and efficient bureaucracies in this nation's history. It does a fantastic job of moving mail.ROG62 » Today, 8:29 pm » wrote: ↑ 800 million is so **** up...I mean what company could sustain **** like that? same with the USPS...congress hog ties them, then bitches when they have to bail them out...
Which part of this did I fail to address:RebelGator » 35 minutes ago » wrote: ↑ When you quit slobbering, maybe you can address what I posted instead of turning it into nonsense about Trump stopping Social Security funding, that's just mindless ****.
there you go, spewing **** again, fraudy...Sumela » Today, 8:35 pm » wrote: ↑ But....TRILLIONS for the F47...![]()
Small Govt connies are GLORIOUS!
Go Roggy Go!
lil hurtin fraudytard loves lying and spreading ****...Sumela » Today, 9:08 pm » wrote: ↑ conTARDS only love $$$$$ waste if its for
AIPAC or MIC....its that simple.
The 101s are easy.
agreed, however, having worked for them, I believe the hierarchy is at the level of or worse than the military...Cannonpointer » Today, 9:31 pm » wrote: ↑ Precisely correct. The USPS is one of the most effective and efficient bureaucracies in this nation's history. It does a fantastic job of moving mail.
I have no doubt. I remember one of the most touching memorials to a slaughtered staff I ever saw in my life. It was posted in the window of a post office.ROG62 » 26 minutes ago » wrote: ↑ agreed, however, having worked for them, I believe the hierarchy is at the level of or worse than the military...
Cannonpointer » Yesterday, 11:49 pm » wrote: ↑ I have no doubt. I remember one of the most touching memorials to a slaughtered staff I ever saw in my life. It was posted in the window of a post office.
It read, "Help wanted."
The brevity, the poetry - I wept for the fallen.
Happens when a person used to become a millionaire, not it is billionaire and sooner than later trillionaires arrive. All because the human population got larger and using the same narrative before the planet had a million soles aboard each rotation forward, 7 days a week 52 weeks a year regardless the calendar had 365 or 366 days a year.jerra b » Yesterday, 11:19 am » wrote: ↑ watch the government raise the limit for social security for millionaires.