What exactly is social security?

[LunarRay]

CAD,

Originally posted by: CADkindaGUY

Originally posted by: LunarRay Well I have a solution to that also well atleast my employer does
This past January they made my position a salaried position so now when I work my ass off(last week I worked 84 hours not including 8hrs of Holiday pay) - I don't make more money - thus "saving" me from having to pay more to the likes of you! I guess my employer really does look out for me

I will curse in your general direction every 3rd day of the month(assuming that is when your check arrives) when you start collecting your "old person's paycheck" please do inform me when that day comes - I wouldn't want to miss an opportunity to curse

Social Security is a disaster!

CkG

Here is how I set it up... Calif labor code..

204.3. (a) An employee may receive, in lieu of overtime
compensation, compensating time off at a rate of not less than one
and one-half hours for each hour of employment for which overtime
compensation is required by law. If an hour of employment would
otherwise be compensable at a rate of more than one and one-half
times the employee's regular rate of compensation, then the employee
may receive compensating time off commensurate with the higher rate.

(b) An employer may provide compensating time off under
subdivision (a) if the following four conditions are met:
(1) The compensating time off is provided pursuant to applicable
provisions of a collective bargaining agreement, memorandum of
understanding, or other written agreement between the employer and
the duly authorized representative of the employer's employees; or,
in the case of employees not covered by the aforementioned agreement
or memorandum of understanding, pursuant to a written agreement
entered into between the employer and employee before the performance
of the work.

 

[BaliBabyDoc]

Social Security as it is currently administered is a disaster in the waiting. I for one have never blamed the deficit on tax cuts. I've blamed the tax cuts for exacerbating the deficit. Ultimately, the government is still spending more than it earns (takes). But the logic of intentionally restricting income (tax cuts) without executing reasonable fiscal spending restraint is suspect.

IF Social Security had an intact trust the system could have existed well into the next century by incremental rate increases and benefit reductions. The system would stay solvent by taking a little more from earners (me) and giving a little less to recipients (LunarRay). That option is gone b/c even real short term surpluses have been spent by Bush et al, hence the system must rely on annual receipts to balance the books.

The best solution is to dramatically curtail spending (across all domains but you must go where the money is . . . DOD, SS, Medicare/Medicaid) and increase revenue (lift the cap on FICA). Such interventions will not be fair to people earning more than $87K but many benefit recipients will exclaim that benefit reductions are not fair either . . . particularly coming on the heels of deficit spending and tax cuts.

 

[Rogue9]

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

 

[LunarRay]

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

 

[Rogue9]

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

 

[charrison]

Originally posted by: Rogue9

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

Dont worry he wants what has been promised knowing that his wants will come at the cost of the younger generation not getting what has been promised to them. The younger generation will help, but there is going to have be pain on both sides to solve this problem.

 

[LunarRay]

Originally posted by: Rogue9

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

I'm smart enough to know I'm old enough to collect on the promise made which may not be the case for all...

 

[charrison]

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

I'm smart enough to know I'm old enough to collect on the promise made which may not be the case for all...

Put it this way, the promise has been made to me. Folks that are my age dont expect to see a dime of social security when we reach retirment age. That being said, you are going to have hard time getting what you want without our promise being fulfilled. Why should we fullfill your promise knowing ours will be broken.

 

[LunarRay]

Originally posted by: charrison

Originally posted by: Rogue9

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

Dont worry he wants what has been promised knowing that his wants will come at the cost of the younger generation not getting what has been promised to them. The younger generation will help, but there is going to have be pain on both sides to solve this problem.

Perhaps... you don't accept the fact that I provided the funds for some forty odd years... now compounding that sum at the alternative that I may have chosen... but, lets say I just went with the S & P 500 ... I should have about 240 months of benefits... so why do you wish to deny me my funds... I don't wish to deny you yours... perhaps I should augment with welfare... or perhaps just starve or what would you say... oops no funds... either way... I'll collect... If you say oops... no funds... then I say oops no Military retirement funds... oops... no civil service retirement funds.... oops... no money for bombs.... oops no more ships... oops no more foreign aid... oops...

 

[LunarRay]

I'm smart enough to know I'm old enough to collect on the promise made which may not be the case for all...[/quote]


Put it this way, the promise has been made to me. Folks that are my age dont expect to see a dime of social security when we reach retirment age. That being said, you are going to have hard time getting what you want without our promise being fulfilled. Why should we fullfill your promise knowing ours will be broken.[/quote]


Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...

 

[charrison]

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: Rogue9

Originally posted by: LunarRay

Originally posted by: Rogue9

Originally posted by: LunarRay
The picture I see is you don't want to pay me what I was promised... I paid into it for 42 years so far.. now if you call that picking your pocket... get ready cuz here I come..

You were promised what wasn't their's [the government's] to give. *I* never promised you anything.

You are the government.... the reps... your agent acting in your stead promised me your future.... and I want it... thank you..

If you really are old, you're certainly not wise.

Dont worry he wants what has been promised knowing that his wants will come at the cost of the younger generation not getting what has been promised to them. The younger generation will help, but there is going to have be pain on both sides to solve this problem.

Perhaps... you don't accept the fact that I provided the funds for some forty odd years... now compounding that sum at the alternative that I may have chosen... but, lets say I just went with the S & P 500 ... I should have about 240 months of benefits... so why do you wish to deny me my funds... I don't wish to deny you yours... perhaps I should augment with welfare... or perhaps just starve or what would you say... oops no funds... either way... I'll collect... If you say oops... no funds... then I say oops no Military retirement funds... oops... no civil service retirement funds.... oops... no money for bombs.... oops no more ships... oops no more foreign aid... oops...

I dont have a wish to deny yours, I have wish to protect your interest as well as mine. This means we both of need to push for reform. The better social security works for the young, the better it works for the old. Giving the young private accounts, ensures better returns for us and allows the old to skim a few % off the top to fatten their retirment.

If you only want to look out for yourself, dont count the young workers to help you out.

 

[charrison]

Originally posted by: LunarRay
I'm smart enough to know I'm old enough to collect on the promise made which may not be the case for all...

Put it this way, the promise has been made to me. Folks that are my age dont expect to see a dime of social security when we reach retirment age. That being said, you are going to have hard time getting what you want without our promise being fulfilled. Why should we fullfill your promise knowing ours will be broken.[/quote]


Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...[/quote]


Hey if you only want to look out for yoruself I am sure we can manage to get the social security retirment age raised and benefits cut. After all social security will be broke by the time retire, If I am not getting mine, why should you get yours.

 

[LunarRay]

Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...[/quote]


Hey if you only want to look out for yoruself I am sure we can manage to get the social security retirment age raised and benefits cut. After all social security will be broke by the time retire, If I am not getting mine, why should you get yours.[/quote]


Mine is awaiting my filling out the paper work.. you have a choice to make... guns or butter... if you want your butter give up the guns..
OK... Lets start this way..
Priority for disbursment of revenue...
All retirement programs and Medical, Military Hospitals, VA Programs...
Debt Service
Governmental Operations... congress, courts, executive
Defense
foreign aid
How about that?

 

[charrison]

Originally posted by: LunarRay
Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...

Hey if you only want to look out for yoruself I am sure we can manage to get the social security retirment age raised and benefits cut. After all social security will be broke by the time retire, If I am not getting mine, why should you get yours.[/quote]


Mine is awaiting my filling out the paper work.. you have a choice to make... guns or butter... if you want your butter give up the guns..
OK... Lets start this way..
Priority for disbursment of revenue...
All retirement programs and Medical, Military Hospitals, VA Programs...
Debt Service
Governmental Operations... congress, courts, executive
Defense
foreign aid
How about that?[/quote]

There is far more butter in the annual budget than guns. But you have not even admitted that social security needs reform. Without reform, you may not get yours either. If the goverment cant guarantee I get mine after 42 years of paying, why should I pay in or accept tax increases to better support yours.

You seem to be missing this point. My generation is ready to take care of these problems, but as long as people keeping voting to get theirs, it aint going to happen. Everyone is going to have to share the pain the fix the problems.

 

[Brie]

Originally posted by: charrison
There is far more butter in the annual budget than guns. But you have not even admitted that social security needs reform. Without reform, you may not get yours either. If the goverment cant guarantee I get mine after 42 years of paying, why should I pay in or accept tax increases to better support yours.

You seem to be missing this point. My generation is ready to take care of these problems, but as long as people keeping voting to get theirs, it aint going to happen. Everyone is going to have to share the pain the fix the problems.

You say that, but I bet after 42 years you will not want to "share the pain" either. The AARP is much stronger politically than your generation.

 

[charrison]

Originally posted by: Brie

Originally posted by: charrison
There is far more butter in the annual budget than guns. But you have not even admitted that social security needs reform. Without reform, you may not get yours either. If the goverment cant guarantee I get mine after 42 years of paying, why should I pay in or accept tax increases to better support yours.

You seem to be missing this point. My generation is ready to take care of these problems, but as long as people keeping voting to get theirs, it aint going to happen. Everyone is going to have to share the pain the fix the problems.

You say that, but I bet after 42 years you will not want to "share the pain" either. The AARP is much stronger politically than your generation.

For now. Wait until they try to raise social security tax without any guarantee for it being there for the younger generation. My generation already knows we are not going to see a dime of it when we retire after paying in for 42 years and we dont want to pay anymore. With reform it is possible to appease both generations. Without reform, it will be a tough ride for both.

 

[LunarRay]

Originally posted by: charrison

Originally posted by: LunarRay
Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...

Hey if you only want to look out for yoruself I am sure we can manage to get the social security retirment age raised and benefits cut. After all social security will be broke by the time retire, If I am not getting mine, why should you get yours.

Mine is awaiting my filling out the paper work.. you have a choice to make... guns or butter... if you want your butter give up the guns..
OK... Lets start this way..
Priority for disbursment of revenue...
All retirement programs and Medical, Military Hospitals, VA Programs...
Debt Service
Governmental Operations... congress, courts, executive
Defense
foreign aid
How about that?[/quote]

There is far more butter in the annual budget than guns. But you have not even admitted that social security needs reform. Without reform, you may not get yours either. If the goverment cant guarantee I get mine after 42 years of paying, why should I pay in or accept tax increases to better support yours.

You seem to be missing this point. My generation is ready to take care of these problems, but as long as people keeping voting to get theirs, it aint going to happen. Everyone is going to have to share the pain the fix the problems.[/quote]

Read my comments and solutions earlier in this thread... It is broke and there is a fix... I suggest now is the time to fix it... not tomorrow.

edit see post at 1:23pm

 

[charrison]

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay
Well.. guess that seals it... I'm gonna go on down to the SS office and file for disability... yup... been holding off for quite some time.. but, you've convinced me that I need to get mine before you all need to bomb some other place... oops... don't forget to tell them military folks that plan on retirement that their funds are gone or you will break that promise... too... It's all the same pot .... right...

I guess the best we can do is give everyone back what they put in... and everyone fend for themselves... Civil Service, Railroad, Military, etc...

Hey if you only want to look out for yoruself I am sure we can manage to get the social security retirment age raised and benefits cut. After all social security will be broke by the time retire, If I am not getting mine, why should you get yours.

Mine is awaiting my filling out the paper work.. you have a choice to make... guns or butter... if you want your butter give up the guns..
OK... Lets start this way..
Priority for disbursment of revenue...
All retirement programs and Medical, Military Hospitals, VA Programs...
Debt Service
Governmental Operations... congress, courts, executive
Defense
foreign aid
How about that?

There is far more butter in the annual budget than guns. But you have not even admitted that social security needs reform. Without reform, you may not get yours either. If the goverment cant guarantee I get mine after 42 years of paying, why should I pay in or accept tax increases to better support yours.

You seem to be missing this point. My generation is ready to take care of these problems, but as long as people keeping voting to get theirs, it aint going to happen. Everyone is going to have to share the pain the fix the problems.[/quote]

Read my comments and solutions earlier in this thread... It is broke and there is a fix... I suggest now is the time to fix it... not tomorrow.[/quote]

The trust fund will be solvent until about 2020 or so... so I vote an increase is in order... increase the SS tax to 10% to cover the fund needs until 2025 or so..

That will be getting voted down. I am not going to be paying anymore social security taxes without reform. A broken ponzi scheme is a broken ponzi scheme no matter what the tax rate is. Social security money gets spent, it does not get saved. Increasing the social security tax rate just give the goverment to buy things, like the guns you dont like.



It is time for reform not patches.

 

[LunarRay]

I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

 

[charrison]

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

 

[LunarRay]

Originally posted by: charrison

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

I'm all for paying off the debt... and an Amendment to the C to live on a balanced budget ... debt only for war and finance long term projects like in Business... but not over X% of prior year GDP at any time...

 

[charrison]

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

I'm all for paying off the debt... and an Amendment to the C to live on a balanced budget ... debt only for war and finance long term projects like in Business... but not over X% of prior year GDP at any time...

That seems like a resonable proposal.

 

[LunarRay]

Originally posted by: charrison

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

I'm all for paying off the debt... and an Amendment to the C to live on a balanced budget ... debt only for war and finance long term projects like in Business... but not over X% of prior year GDP at any time...

That seems like a resonable proposal.

Then it's settled... I'll go get my SS now

 

[charrison]

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

I'm all for paying off the debt... and an Amendment to the C to live on a balanced budget ... debt only for war and finance long term projects like in Business... but not over X% of prior year GDP at any time...

That seems like a resonable proposal.

Then it's settled... I'll go get my SS now

Balancing a budget does not mean you get your SS.

 

[LunarRay]

Originally posted by: charrison

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay

Originally posted by: charrison

Originally posted by: LunarRay
I took a gander at my handy dandy SS information sheet that we get once a year... it seems I started paying into SS back in 1960 and Medicare in 1966... It also occurs to me that the percent of income that I paid was consistent with the percent for Federal Retirement Program... but, the payout from SS is less... hmmm... Somewhere along the line folks could retire from the military after 19 yrs 6 mos plus collect SS at 62... not sure when military stopped paying into SS (if they did). If they didn't pay into a military retirement like I didn't from '63 to '69 then they get something for nothing more so than SS recipients.

But, at the end of the day... revenue must be prioritized and not just plop the delta into debt.. How about we take some of the gold at Fort Knox and give it to the debt holders and zero out the debt... we're not on the gold or silver standard any longer.. so why hord it..?

BTW, My youngest...grandson... Einstein Jr.... said to me the other day... the oil off shore belongs to us... lets give shares to the Tbill holders in exchange for the Tbills and sell the federal land and give that to the Tbill holders and live with a balanced budget... no more debt... live like me (him) he gets X $ allowance and if he spends it ... that's it.. and he lives that way ... he's 13. (of course he lives with me)

The sell of federal lands would quickly balance the budget. The mineral rights in ANWR would take a big chunk out of the debt.

I'm all for paying off the debt... and an Amendment to the C to live on a balanced budget ... debt only for war and finance long term projects like in Business... but not over X% of prior year GDP at any time...

That seems like a resonable proposal.

Then it's settled... I'll go get my SS now

Balancing a budget does not mean you get your SS.

Guess I'll have to eat crow and go back to teaching conservative college students how to do accounting the liberal way... and continue to do my CFO stuff till I'm old and grey... er...