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RE: Blech's "I have a dream, too" speech: A Black Man reminisces


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RE: Blech's "I have a dream, too" speech: A B... - 9/3/2010 10:41:23 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
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quote:

Social Security is going bankrupt soon anyway it will be a self solving problem


Define soon because everything i read says the surplus wont be tapped into until 2018...

If you define "bankrupt" as not being able to pay your obligations in full, then you might argue Social Security will be bankrupt come 2042, using projections from the Social Security trustees, or 2052, using estimates from the Congressional Budget Office.

That's when they project the system will have exhausted its surplus, which it will begin tapping in 2018 when there is less revenue than needed to cover promised benefits.

By that logic, though, you also might argue that the U.S. government - with its roughly half-trillion-dollar deficit - is or will be bankrupt.

Some people have the impression that "bankrupt" means penniless. A full 50 percent of non-retired respondents in a recent USA Today/CNN/Gallup poll said they didn't think Social Security would be able to pay them a benefit when they retire.

Not true, according to government estimates.

The system still will be taking in enough revenue to cover 75 percent to 80 percent of what is currently promised.

What's more, even if benefits were reduced to that level, they still would be higher in today's dollars than what current retirees are getting, according to CBO estimates.

http://money.cnn.com/pf/features/popups/socsec_straight/content.1.html



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RE: Blech's "I have a dream, too" speech: A B... - 9/4/2010 7:03:59 AM   
thornhappy


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Joined: 12/16/2006
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quote:

ORIGINAL: StrangerThan
I said this long ago too about political pundits, particularly rush and the like. It was in response to a comment someone made about them causing troubles. They're not causing it. They are the only place some voices have to turn.

Limbaugh, Beck, and Palin in particular only care about these "voices" in that they can make money off them.  Palin saw the money and ran while the iron was hot.  Rush admits that he'll say anything that will get him the highest ad rates.  Beck's only prior success was as a shock jock, then he lost it.  Now he's found that being a political shock jock/fear monger pays extremely well (along with all his books, Goldline sponsorships, ties to all the bogus apocalypse products on his web site).  Fear sells...just look at deodorant, "male enhancement" products, and antimicrobial products.

Not a single one of these guys has any idea how to govern other than oppose anything Obama says.  That would be boring.  Policy stuff.  Just fall back on less government, fewer taxes while not touching the government benefits that you get (SS, Medicare/Medicaid, unemployment, mortgage deductions) which means there is hardly any budget left to cut.

All 3 of these folks are running out of things to call Obama (Nazi, communist, socialist, fascist) and now they have to change mode. 

It's been really interesting to watch Beck wag the Republican party.  Even if the Tea Party candidate doesn't have a hope, they scare the party into running even farther to the right. 

Thus ends my "liberal obsession with Beck" for the day.  Maybe even the week!

(in reply to StrangerThan)
Profile   Post #: 62
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