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liberal N proud

(61,189 posts)

93. Here is a link for you...

Mon Aug 20, 2012, 08:35 PM

Aug 2012

Summary: In January 2010, 52.7 million people, or about one in every six U.S. residents, received Social Security benefits. The benefits are financed by dedicated taxes on earnings paid by workers and employers, by income taxes that upper income beneficiaries pay on part of their Social Security benefits, and by interest earned on accumulated trust fund reserves. According to the 2010 Trustees report, the Social Security trust funds will have an annual surplus of $77 billion in 2010. Annual surpluses are projected to continue for the next 15 years (2010-24) and reserves are projected to grow to $4.2 Trillion by the end of 2024. Beginning in 2025, reserves will start to be drawn down to pay benefits. In 2037, the reserves are projected to be depleted. At that time, tax income coming into the trust funds will cover about 78 percent of benefits due, according to the 2010 report of the Social Security Trustees.

http://www.thomhartmann.com/forum/2011/03/social-security-has-annual-77-billion-surplus

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When some one says SS or MC will go broke [View all] safeinOhio Aug 2012 OP

Sorry but there is really no comparison. Defense is funded out of general revenues. Proud Corporate Dem Aug 2012 #1

I think after the 80s those funds safeinOhio Aug 2012 #2

That is why the funds are going broke! liberal N proud Aug 2012 #3

No it isn't Yo_Mama Aug 2012 #81

No, we are not dependent on foreign lending. girl gone mad Aug 2012 #84

This is a different issue Yo_Mama Aug 2012 #89

Actually, there is a surplus due to illegals who work but never draw SS. liberal N proud Aug 2012 #86

You're entirely wrong Yo_Mama Aug 2012 #87

Here is a link for you... liberal N proud Aug 2012 #93

They are backed by the full faith and credit of the United States doccraig67 Aug 2012 #91

The tax cuts for the rich have been funded from those IOUs as have the military JDPriestly Aug 2012 #77

Ha ha ha. That's funny. Did you actually miss the point or are you just being obtuse? geckosfeet Aug 2012 #4

It's a perfect comparison. Both are funded by tax dollars. Scuba Aug 2012 #5

Now THAT is the million dollar question. n/t 5X Aug 2012 #6

Go to the head of the class. Best question ever. marble falls Aug 2012 #10

Brilliant. LittleGirl Aug 2012 #12

Corporations. raouldukelives Aug 2012 #15

We are doing all those things. Proud Corporate Dem Aug 2012 #18

I must have this wrong, are you implying that we need to hyper-fund the MIC to buy votes? Dragonfli Aug 2012 #20

Not exactly. Proud Corporate Dem Aug 2012 #21

LOL tama Aug 2012 #26

Then it is too late to "win" anything, if they own us so completely, our party is theirs Dragonfli Aug 2012 #27

We got the ACA Health Care reform. We got birth control covered by health insurance. Proud Corporate Dem Aug 2012 #29

Did 'terror' surrender or something? I must have missed that coalition_unwilling Aug 2012 #55

Yes but our operations continue around the world. Proud Corporate Dem Aug 2012 #60

I keep feeling like I'm missing some sarcasm tags with your comments. The coalition_unwilling Aug 2012 #69

I actually think privatizing the space program was one of the smartest moves he could have made. Proud Corporate Dem Aug 2012 #76

We got Heritage foundation policy that shovels cash to those that only deny health care Dragonfli Aug 2012 #90

Well, aren't you the cutest thing ever? Oilwellian Aug 2012 #39

LOL you may laugh, but remember we can't get anything done if we don't win. Proud Corporate Dem Aug 2012 #43

You're exactly right! Oilwellian Aug 2012 #49

You make it sound like there is another choice. Proud Corporate Dem Aug 2012 #57

Oh, there is another choice we could go with Oilwellian Aug 2012 #80

The corporate world and the Progressive movement are anti-thetical to each other EvolveOrConvolve Aug 2012 #53

Really? Proud Corporate Dem Aug 2012 #59

You make the assumption that I'm not working for the things that matter EvolveOrConvolve Aug 2012 #64

I'm not even saying it is a good thing. I'm just saying it is a fact of life. Proud Corporate Dem Aug 2012 #70

That's the attitude that perpetuates the maintanence of the status-quo EvolveOrConvolve Aug 2012 #78

Hmm tama Aug 2012 #28

No it is true. Just ask the members of the Congressinal Drone Caucus. Proud Corporate Dem Aug 2012 #30

Ugly mugs tama Aug 2012 #35

Defense spending is most certainly 'optional' - it's a shitty option, especially coalition_unwilling Aug 2012 #52

Except in real life we support or we lose. Proud Corporate Dem Aug 2012 #56

Feeding them and Gorging them are two different things. Tuesday Afternoon Aug 2012 #79

! lonestarnot Aug 2012 #41

I agree Dyedinthewoolliberal Aug 2012 #58

+1000000000 HiPointDem Aug 2012 #83

What a dumb statement. part man all 86 Aug 2012 #16

There are a lot of people on this board that need to learn more about how A Simple Game Aug 2012 #22

"Medicare for All" is not realistic. There is no support for it. It is a radical fringe position. Proud Corporate Dem Aug 2012 #23

Three strikes! You're out. n/t A Simple Game Aug 2012 #24

And you are Obvious. Ikonoklast Aug 2012 #32

I have no idea what you are talking about. Proud Corporate Dem Aug 2012 #33

Fingers broken? Ikonoklast Aug 2012 #38

So you think Medicare for All is realistic in the Untited States? Proud Corporate Dem Aug 2012 #40

Straw Man. Ikonoklast Aug 2012 #46

Hardly irrelevant. It is the view of the vast majority of Congress and the President. Proud Corporate Dem Aug 2012 #47

And every single one of those politicians could be replaced inside of six years. Ikonoklast Aug 2012 #50

Well I don't have to assert it to strongly. I guess we just disagree. Proud Corporate Dem Aug 2012 #54

Enjoy your stay. Ikonoklast Aug 2012 #65

Well it's realistic in many countries that are less prosperous than the US. You must have a very .. Scuba Aug 2012 #71

yep - Obvious is it. Tuesday Afternoon Aug 2012 #67

Wow. It's amazing so many developed countries do it. gollygee Aug 2012 #34

In the United States it is a fringe position. Proud Corporate Dem Aug 2012 #37

I don't think it's fringe gollygee Aug 2012 #44

It is a fringe posistion in Congress and among Presidential candidates. Proud Corporate Dem Aug 2012 #45

I disagree completely gollygee Aug 2012 #48

If we want to get elected, Proud Corporate Dem Aug 2012 #51

Yes, you and the other cons have all the money... Scuba Aug 2012 #73

Ackety! lonestarnot Aug 2012 #42

A slim majority of even Republican voters support, at minimum, a "public option". ronnie624 Aug 2012 #62

I'm talking about "fringe" as in "snowballs chance in hell of ever passing" Proud Corporate Dem Aug 2012 #63

We wouldn't want people to have what they want. ronnie624 Aug 2012 #68

alrighty then... fair is fair. Medicare For All or else Medicare For None. Medicare for Some? Tuesday Afternoon Aug 2012 #66

Hrm...50-80% supporting it is "no support"? jeff47 Aug 2012 #85

"Proud Corporate Dem" YoungDemCA Aug 2012 #72

sorta sticks out, right Tuesday Afternoon Aug 2012 #74

A nuked one :) pinboy3niner Aug 2012 #92

No. Eventually these programs, Social Security and Medicare, will have to be funded JDPriestly Aug 2012 #75

Ithe programs aren't funded from the TF's, they're funded from FICA taxes. The TFs are a HiPointDem Aug 2012 #82

If we cut the military budget in half B Calm Aug 2012 #7

And we would still have the biggest military in the world! Our military budget is what Dustlawyer Aug 2012 #11

We didn't win the "arms race". The Soviets just lost first. Scuba Aug 2012 #13

With SS, I'd throw it back at them and ask, does 'fully funded to 2038' sound like a crisis? reformist2 Aug 2012 #8

I first heard the 20 year meme in the 70's. That's well over 20 yearas ago. mulsh Aug 2012 #9

In fact, the same arguments were made when Republicans fought the passage of the original Bluenorthwest Aug 2012 #17

Thank you Shankapotomus Aug 2012 #14

I hate that tired old right wing lie, it goes something like this: Dragonfli Aug 2012 #19

Isn't it allready? tama Aug 2012 #25

Anybody who buys into that statement has already Wounded Bear Aug 2012 #31

The government will spend money depending on the priorities of hte people we vote for gollygee Aug 2012 #36

...and the Postal Service, and Amtrak... jberryhill Aug 2012 #61

Good one! I usually say, only if you allow that. It's up to you. Political will. freshwest Aug 2012 #88