Collarspace Discussion Forums


Home  Login  Search 

Social Security Funding?


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Social Security Funding? Page: [1] 2 3   next >   >>
Login
Message << Older Topic   Newer Topic >>
Social Security Funding? - 10/14/2010 8:23:23 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline 		Is Social Security Well Funded?

Obama says NO   We need to raise taxes to keep it solvent

http://www.bloomberg.com/news/2010-10-14/obama-says-all-options-must-be-examined-to-keep-social-security-solvent.html

Congressman Sandy Levin (D-MN-12th Congressional District) Chairman of the House Ways and Means Committee  says yes.

http://www.house.gov/levin/en_us_public_services_assistance_socialsecurity.shtml

http://www.house.gov/levin/levin_issues_socialsecurity.shtml

The way that Congress borrows from the Trust Fund   and SSA says they are going insolvent

http://www.ssa.gov/OACT/ProgData/fundFAQ.html

If it is well funded, why do we need to raise social security taxes?

If Ways and Means says it is solvent, why is SSA saying it isn't?


Profile   Post #: 1
RE: Social Security Funding? - 10/14/2010 8:33:29 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline 		Do you understand what "long term solvency" means? The SSA website speaks of planning 25 years in advance.

_____________________________

"We are convinced that freedom w/o Socialism is privilege and injustice, and that Socialism w/o freedom is slavery and brutality." Bakunin

“Nothing we do, however virtuous, can be accomplished alone; therefore we are saved by love.” Reinhold Ne

(in reply to KenDckey)
Profile   Post #: 2
RE: Social Security Funding? - 10/14/2010 8:40:03 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline 		Yeah   That is about when the funding drops to 75%.   So raising taxes now will do what?   How about putting some of that money back into speculative stocks where the probability of intrest accruals are greater than what the govt is paying itself   or just pay higher interest (not gonna happen I know)

(in reply to Hippiekinkster)
Profile   Post #: 3
RE: Social Security Funding? - 10/14/2010 8:41:01 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Speculative stocks? your kidding right?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to KenDckey)
Profile   Post #: 4
RE: Social Security Funding? - 10/14/2010 8:43:06 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		I am sure it will blow over.

(in reply to tazzygirl)
Profile   Post #: 5
RE: Social Security Funding? - 10/14/2010 8:47:25 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline 		lol  they're all speculative

(in reply to pahunkboy)
Profile   Post #: 6
RE: Social Security Funding? - 10/14/2010 8:47:43 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		YOu better hope not. Else what will you live on.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to pahunkboy)
Profile   Post #: 7
RE: Social Security Funding? - 10/14/2010 9:13:09 PM   
KenDckey


Posts: 4121
Joined: 5/31/2006
Status: offline 		Not social security   they cut my retirement if I get it.   My retirement which I have been drawing since 1986 precludes it.

(in reply to tazzygirl)
Profile   Post #: 8
RE: Social Security Funding? - 10/14/2010 9:19:19 PM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		What sort of retirement plan "precludes" you recieving the SS payments one would assume you are due?
There is something off with that statement !

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to KenDckey)
Profile   Post #: 9
RE: Social Security Funding? - 10/14/2010 10:25:54 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline 		We absolutely must not invest SS money in the stock market. Anyone with any sense is getting out the market now.

Why? Stock prices have been driven, for at least the last 25 years, by baby boomer retirement investment, mostly through IRA's and 401(k)'s. The mutual funds have been buying stock and buying more stock as the cash rolls in. However the boomers are retiring. As more and more of them retire and start drawing out the principal in their investments this will force the mutual funds to start selling, instead of buying, to raise the cash to meet their payment obligations. This will result in a prolonged bear market.

(in reply to slvemike4u)
Profile   Post #: 10
RE: Social Security Funding? - 10/14/2010 11:06:07 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		DomKen, there may be some truth to that but even in bear markets there are always good stocks to be had or differant positions and strategies to play.
I'm looking at Sirius XM now, (SIRI) they're up smartly to $1.40 per share from .97 and I wouldn't be surprised to see them at $8-$10 a year from now due to reasons that time limits me from giving now. Research it for yourself.
Want a conservative stock that could go up 40% in the next year? Try Ford. (F) it's about $13.50 now and could be up to $20 in a year.
Want a dividend play? Try Frontline Tankers, (FRO) it's about $27.50 a share and pays out a 10.50% dividend!

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to DomKen)
Profile   Post #: 11
RE: Social Security Funding? - 10/15/2010 5:38:33 AM   
Raiikun


Posts: 2650
Status: offline 		I'd be happy if I could just opt out of SSI. Hell, I'd let them keep all the money I dumped into it until now for the right to opt out and invest my own money. It'd go a lot farther than what the government would give me.

(in reply to popeye1250)
Profile   Post #: 12
RE: Social Security Funding? - 10/15/2010 6:27:14 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline
quote:

ORIGINAL: popeye1250

DomKen, there may be some truth to that but even in bear markets there are always good stocks to be had or differant positions and strategies to play.
I'm looking at Sirius XM now, (SIRI) they're up smartly to $1.40 per share from .97 and I wouldn't be surprised to see them at $8-$10 a year from now due to reasons that time limits me from giving now. Research it for yourself.
Want a conservative stock that could go up 40% in the next year? Try Ford. (F) it's about $13.50 now and could be up to $20 in a year.
Want a dividend play? Try Frontline Tankers, (FRO) it's about $27.50 a share and pays out a 10.50% dividend!

Maybe. In the short term you are certainly right.

In the long term I doubt we really can grasp how bad it could get. The mutual funds have hundreds of billions (maybe trillions?) invested in the market. When that money starts having to come back out it is going to push down the whole market.

(in reply to popeye1250)
Profile   Post #: 13
RE: Social Security Funding? - 10/15/2010 10:17:53 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Stock?   I am low on toilet paper.  HAHAHA

(in reply to DomKen)
Profile   Post #: 14
RE: Social Security Funding? - 10/15/2010 10:54:08 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		silver washes off nice, use a coin with a fluted edge and scrape up in there real good.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to pahunkboy)
Profile   Post #: 15
RE: Social Security Funding? - 10/15/2010 3:20:22 PM   
EternalHoH


Posts: 791
Joined: 5/30/2010
Status: offline 		Yes, lets put SS into stocks right about now. Everyone loves a bubble, right?   May as well go back in time and buy a $400,000 McMansion in 2005 while you are at it.




One other thing I've noticed, most 100-year charts of the DJIA that you find on various armchair investor websites are very misleading.  Usually, the vertical axis is ordered exponentially, rather than linearly, which hides the steepness and distortion of the current bubble.  It makes the trends look much more orderly and consistent than it actually is.  Anything to sucker more and more people out of their cash I guess, take it away from people who can't use it and give it to high flying Wall Streeters to who can use it (to gamble with).







(in reply to mnottertail)
Profile   Post #: 16
RE: Social Security Funding? - 10/15/2010 3:22:28 PM   
jlf1961


Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline 		Actually, Social Security would remain solvent IF the fucking government would quit borrowing from it.

_____________________________

Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI

(in reply to EternalHoH)
Profile   Post #: 17
RE: Social Security Funding? - 10/15/2010 4:26:16 PM   
rulemylife


Posts: 14614
Joined: 8/23/2004
Status: offline
quote:

ORIGINAL: jlf1961

Actually, Social Security would remain solvent IF the fucking government would quit borrowing from it.


From the last link in the original post:

As stated above, money flowing into the trust funds is invested in U. S. Government securities.

Because the government spends this borrowed cash, some people see the current increase in the trust fund assets as an accumulation of securities that the government will be unable to make good on in the future.  Without legislation to restore long-range solvency of the trust funds, redemption of long-term securities prior to maturity would be necessary.

Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.

(in reply to jlf1961)
Profile   Post #: 18
RE: Social Security Funding? - 10/15/2010 4:47:17 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: mnottertail

silver washes off nice, use a coin with a fluted edge and scrape up in there real good.


9-11 was very good for gold and silver.

(in reply to mnottertail)
Profile   Post #: 19
RE: Social Security Funding? - 10/15/2010 5:02:14 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		ET,   what about tax, commissions, and the real cost of living increases?     I dont mean core inflation, I mean inflation that includes food and energy,  and get rid of hedonics, the birth death ration, etc.

(in reply to pahunkboy)
Profile   Post #: 20
Page:   [1] 2 3   next >   >>
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Social Security Funding? Page: [1] 2 3   next >   >>
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.078