Social Security Funding?

Social Security Funding? (Full Version)

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KenDckey -> Social Security Funding? (10/14/2010 8:23:23 PM)
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?

Hippiekinkster -> RE: Social Security Funding? (10/14/2010 8:33:29 PM)
Do you understand what "long term solvency" means? The SSA website speaks of planning 25 years in advance.

KenDckey -> RE: Social Security Funding? (10/14/2010 8:40:03 PM)
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)

tazzygirl -> RE: Social Security Funding? (10/14/2010 8:41:01 PM)
Speculative stocks? your kidding right?

pahunkboy -> RE: Social Security Funding? (10/14/2010 8:43:06 PM)
I am sure it will blow over.

KenDckey -> RE: Social Security Funding? (10/14/2010 8:47:25 PM)
lol they're all speculative

tazzygirl -> RE: Social Security Funding? (10/14/2010 8:47:43 PM)
YOu better hope not. Else what will you live on.

KenDckey -> RE: Social Security Funding? (10/14/2010 9:13:09 PM)
Not social security they cut my retirement if I get it. My retirement which I have been drawing since 1986 precludes it.

slvemike4u -> RE: Social Security Funding? (10/14/2010 9:19:19 PM)
What sort of retirement plan "precludes" you recieving the SS payments one would assume you are due? There is something off with that statement !

DomKen -> RE: Social Security Funding? (10/14/2010 10:25:54 PM)
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.

popeye1250 -> RE: Social Security Funding? (10/14/2010 11:06:07 PM)
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!

Raiikun -> RE: Social Security Funding? (10/15/2010 5:38:33 AM)
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.

DomKen -> RE: Social Security Funding? (10/15/2010 6:27:14 AM)
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.

pahunkboy -> RE: Social Security Funding? (10/15/2010 10:17:53 AM)
Stock? I am low on toilet paper. HAHAHA

mnottertail -> RE: Social Security Funding? (10/15/2010 10:54:08 AM)
silver washes off nice, use a coin with a fluted edge and scrape up in there real good.

EternalHoH -> RE: Social Security Funding? (10/15/2010 3:20:22 PM)
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. [img]http://www.gold-eagle.com/editorials_08/images/lundeen101308d.jpg[/img] 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). [img]http://stockcharts.com/charts/historical/images/djia1900s.png[/img]

jlf1961 -> RE: Social Security Funding? (10/15/2010 3:22:28 PM)
Actually, Social Security would remain solvent IF the fucking government would quit borrowing from it.

rulemylife -> RE: Social Security Funding? (10/15/2010 4:26:16 PM)
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.

pahunkboy -> RE: Social Security Funding? (10/15/2010 4:47:17 PM)
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.

pahunkboy -> RE: Social Security Funding? (10/15/2010 5:02:14 PM)
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.

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