General Discussion

rgbecker

(4,890 posts)

41. Your vision of the future may be wrong or it may be right.

Tue Dec 20, 2011, 05:42 PM

Dec 2011

But in the past, the FICA tax rate has been increased to cover the benefits paid out and there is nothing in my tea leaves that suggests a similar outcome would be ruled out.

Either way, the present situation requires a government stimulas to get us out of the unregulated bank crisis and Obama and the Democrats have few options. W. Bush sent everyone a $400 check and then started the Iraq war but those are options Obama won't be allowed and won't want.

The lack of jobs providing wages that can be taxed for the SS trust fund is the real worry right now...forget 2035.

Play around with this chart and imagine a future based on real past data and government projections.

http://www.usgovernmentrevenue.com/revenue_chart_1970_2016USb_13s1li111mcn_30t

I'm afraid the 61 liberals in the house are overlooking the simple political reality that the Republicans are not going to be voting for a government stimulas unless it looks like a tax cut.

To be stating that the money is reducing the SS trust fund is just plain wrong and should not be repeated. Say whatever you want about your guess for the future.

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Please stop repeating false Republican talking points! [View all] rgbecker Dec 2011 OP

Spell check never did work in the titles. DCKit Dec 2011 #1

The more you watch FoxNoise Cigar11 Dec 2011 #2

Is my understanding correct? jtrockville Dec 2011 #3

You are implying ... surfdog Dec 2011 #11

True, but we are running a huge deficit. jtrockville Dec 2011 #16

Bachmann's lie is that she cares about the future of Social Security Enrique Dec 2011 #4

Exactly. The Trust Fund is just as bankrupt as it was 2 years ago joeglow3 Dec 2011 #5

What part of - RC Dec 2011 #6

Why did you throw in Medicare, much of which has always been paid from the general fund? bornskeptic Dec 2011 #22

This is why. RC Dec 2011 #33

Technically you are correct zipplewrath Dec 2011 #7

It's the linking of GF revenue to SS that concerns many, not that SS is taking an immediate hit. RUMMYisFROSTED Dec 2011 #8

There is no money in any "Social Security Trust Fund", so how could a tax cut change that? Romulox Dec 2011 #9

so all those us treasury bonds everyone owns the world over, are worth "no money"? yodermon Dec 2011 #12

The "Trust Fund" doesn't own any US currency (hard cash), nor any US Treasury Bonds. Romulox Dec 2011 #13

The very next paragraph. yodermon Dec 2011 #17

Right. I provided the link so you could read on. It's all there. No cash. No Treasury Bonds. Romulox Dec 2011 #19

You rely on a really crucial hair-splitting definition. Igel Dec 2011 #25

No, he isn't. Yo_Mama Dec 2011 #37

In the long run it will izquierdista Dec 2011 #10

still bad to mix general revenue and SS books alc Dec 2011 #14

Groan (for reasons well-stated above). n/t Laelth Dec 2011 #15

I agree. dawg Dec 2011 #18

That's not what Bernie Sanders says and I trust his judgement better than anyone else doc03 Dec 2011 #20

This is Fact Check everyone NNN0LHI Dec 2011 #21

Fact check is merely confirming the shell game joeglow3 Dec 2011 #23

Arrrrrrrrrrrrrg! NNN0LHI Dec 2011 #24

I was hoping to see a picture of a pirate. joeglow3 Dec 2011 #40

LOL NNN0LHI Dec 2011 #46

Is it still okay to repeat them if they come from Obama? hfojvt Dec 2011 #26

Why are you putting W. Bush quotes up with a heading indicating they are Obama's words? rgbecker Dec 2011 #42

yes, you are missing that Obama is making the same arguments as those Bush quotes. hfojvt Dec 2011 #43

I haven't. Maybe you have some links. rgbecker Dec 2011 #44

"don't we now* hear the same arguments from Obama?" SunsetDreams Dec 2011 #50

Why are you still spreading this untruth? great white snark Dec 2011 #52

which part is untrue? hfojvt Dec 2011 #53

When did Obama say Tax Cuts (for the Rich) will create Jobs?..... SunsetDreams Dec 2011 #49

Obama is proposing social security tax cuts as a way to create jobs hfojvt Dec 2011 #54

It appears some here actually buy into Repig Talking points whole hog. Sad. MjolnirTime Dec 2011 #27

K + R deacon Dec 2011 #28

Most of our policy is a mess of Republican talking points Gingrichcare, Payroll Tax Holidays, TheKentuckian Dec 2011 #29

This thread is a DU classic NNN0LHI Dec 2011 #30

When they said getting Democrats in line is like herding cats, they weren't kidding. rgbecker Dec 2011 #31

Do you know how many Unrecs this thread would have on DU2? NNN0LHI Dec 2011 #32

It weakens the assets in the Trust Fund Yo_Mama Dec 2011 #34

The current level of FICA is where it is because of the wage cap bhikkhu Dec 2011 #45

Yeah, well if we are going to continue the payroll tax cut we need to raise FICA cap very high Yo_Mama Dec 2011 #55

Yes! Hutzpa Dec 2011 #35

Instead of going broke in 2036... kentuck Dec 2011 #36

Precisely Yo_Mama Dec 2011 #38

Hmm, an awful lot of Democrats disagree with you: Yo_Mama Dec 2011 #39

Your vision of the future may be wrong or it may be right. rgbecker Dec 2011 #41

Basically agree. Until the economy improves, every government benefit/program is at risk. Hoyt Dec 2011 #51

"PS. What ever happened to spell check?" greiner3 Dec 2011 #47

The problem is we then leave it to the politicians mmonk Dec 2011 #48