Re: Social Security is now permanently in the red

2011-02-01 Thread Jerry Barnes
Me too, but since we are at it, I'll paste the link for the umpteenth time. Maybe someone will read it this time. Very entertaining. Especially the parts about new savings coming from ACA. Nothing like Tim and Kathleen telling us how sound the system is. They have no stake in making things

Re: Social Security is now permanently in the red

2011-02-01 Thread Sam
I love this line: This deficit is expected to shrink substantially for 2011 and to return to small surpluses for years 2012-2014 due to the improving economy. Righ! SS is now paying out more than it's taking in. The reason it will stay solvent until 2039 is the $2.5 trillion and the

Re: Social Security is now permanently in the red

2011-02-01 Thread Gruss Gott
Sam wrote: I love this line: This deficit is expected to shrink substantially for 2011 and to return to small surpluses for years 2012-2014 due to the improving economy. Well, here's what the CBO says in this doc http://cbo.gov/ftpdocs/120xx/doc12039/SummaryforWeb.pdf : (1.) The Outlook

Re: Social Security is now permanently in the red

2011-02-01 Thread Jerry Barnes
Translation: we have to either cut social security and public health plan funding or raise taxes or While true, I just can't see many politicians committing political hari kari by making this part of their platform. J - Ninety percent of politicians give the other ten percent a bad

Re: Social Security is now permanently in the red

2011-02-01 Thread Jerry Barnes
So we're counting the interest on money we spent and will need to borrow with interest. Some government accounting practices would make Kenneth Lay blush: Here is a nice one: http://www.nytimes.com/2010/06/12/nyregion/12pension.html ALBANY — Gov. David A. Paterson and legislative leaders have

RE: Social Security is now permanently in the red

2011-01-31 Thread Eric Roberts
] Sent: Monday, January 31, 2011 00:28 To: cf-community Subject: Re: Social Security is now permanently in the red Bush was told by Greenspan and Paul O'Neil early in his term that this would happen if Social Security wasn't fixed. He elected instead to give massive tax rebates to increase his

Re: Social Security is now permanently in the red

2011-01-31 Thread Robert Munn
it could happen to any of us,especially these days. always be prepared for the unexpected. On Mon, Jan 31, 2011 at 12:08 AM, Eric Roberts ow...@threeravensconsulting.com wrote: I like to see how that would go over...imagine if Robert went into work and at the end of the pay period, he

Re: Social Security is now permanently in the red

2011-01-31 Thread Vivec
Yeah but Robert, you kinda dodged the question you know. If the trillions had not been spent on the war in Iraq and now in Afghanistan wouldn't you have the money to pay your elderly? How is it that so many other countries around the world have proper social services and the United States can't

Re: Social Security is now permanently in the red

2011-01-31 Thread Sam
Bush did try to fix SS and was told loudly it doesn't need fixing. On Mon, Jan 31, 2011 at 1:28 AM, Maureen mamamaur...@gmail.com wrote: Bush was told by Greenspan and Paul O'Neil early in his term that this would happen if Social Security wasn't fixed.  He elected instead to give massive

Re: Social Security is now permanently in the red

2011-01-31 Thread Gruss Gott
Sam wrote: Bush did try to fix SS and was told loudly it doesn't need fixing. Wait a minute ... so you're saying that if we'd just told him the right stuff to do, then he'd do as he was told??? DANG IT! Always so close to World power.

Re: Social Security is now permanently in the red

2011-01-31 Thread Sam
Yes. On Mon, Jan 31, 2011 at 10:32 AM, Gruss Gott grussg...@gmail.com wrote: Sam wrote: Bush did try to fix SS and was told loudly it doesn't need fixing. Wait a minute ... so you're saying that if we'd just told him the right stuff to do, then he'd do as he was told??? DANG IT!

Re: Social Security is now permanently in the red

2011-01-31 Thread Robert Munn
On Mon, Jan 31, 2011 at 5:18 AM, Vivec gel21...@gmail.com wrote: Yeah but Robert, you kinda dodged the question you know. If the trillions had not been spent on the war in Iraq and now in Afghanistan wouldn't you have the money to pay your elderly? How is it that so many other countries

Re: Social Security is now permanently in the red

2011-01-31 Thread Vivec
Without social services there would be. And of course it's an extreme, but 50 million was the number of people that were not covered by medicare. The wars have to do with the immediacy of the problem which has occurred before a time when you DO have the ability to pay. Probably two or three

Re: Social Security is now permanently in the red

2011-01-31 Thread Robert Munn
You don't seem to understand the basic problem. In two or three decades, we'll be on the hook for $50 trillion plus in benefits that we don't have the money for. It only gets worse from here unless we change how we do things. On Mon, Jan 31, 2011 at 11:13 AM, Vivec gel21...@gmail.com wrote:

Re: Social Security is now permanently in the red

2011-01-31 Thread Jerry Barnes
You don't seem to understand the basic problem. In two or three decades, we'll be on the hook for $50 trillion plus in benefits that we don't have the money for. It only gets worse from here unless we change how we do things. You're just banging your head against the wall. J - Government's

Re: Social Security is now permanently in the red

2011-01-31 Thread Judah McAuley
On Mon, Jan 31, 2011 at 12:47 PM, Jerry Barnes critic...@gmail.com wrote: You don't seem to understand the basic problem. In two or three decades, we'll be on the hook for $50 trillion plus in benefits that we don't have the money for. It only gets worse from here unless we change how we do

Re: Social Security is now permanently in the red

2011-01-30 Thread Robert Munn
that jive with what you are told to believe? -Original Message- From: Robert Munn [mailto:cfmuns...@gmail.com] Sent: Friday, January 28, 2011 03:39 To: cf-community Subject: Social Security is now permanently in the red http://apnews.myway.com/article/20110127/D9L0BDUG0.html

Re: Social Security is now permanently in the red

2011-01-30 Thread Maureen
Bush was told by Greenspan and Paul O'Neil early in his term that this would happen if Social Security wasn't fixed. He elected instead to give massive tax rebates to increase his popularly, then after 9/11 to start wars we couldn't afford. End the wars, reduce the tax cuts and repay the Social

Re: Social Security is now permanently in the red

2011-01-30 Thread Robert Munn
It isn't about what I want, it's about what is going to happen. We're running out of time to do something. Sooner or later the bond markets will decide our fate for us. We don't even have to default. If interest rates on our debt rise so high we can't borrow, China will be telling us what to do

Social Security is now permanently in the red

2011-01-28 Thread Robert Munn
http://apnews.myway.com/article/20110127/D9L0BDUG0.html The economy isn't going to improve in the near term, so revenues are going to continue to lag. I think we could see 9% unemployment for a long time. It could even get worse again. Healthy Boomers may not start draining their Medicare

RE: Social Security is now permanently in the red

2011-01-28 Thread Eric Roberts
Did you read the whole article or just cherrypick the stuff that jive with what you are told to believe? -Original Message- From: Robert Munn [mailto:cfmuns...@gmail.com] Sent: Friday, January 28, 2011 03:39 To: cf-community Subject: Social Security is now permanently in the red http

Re: Social Security is now permanently in the red

2011-01-28 Thread Scott Stroz
with what you are told to believe? -Original Message- From: Robert Munn [mailto:cfmuns...@gmail.com] Sent: Friday, January 28, 2011 03:39 To: cf-community Subject: Social Security is now permanently in the red http://apnews.myway.com/article/20110127/D9L0BDUG0.html The economy isn't going

Re: Social Security is now permanently in the red

2011-01-28 Thread Justin Scott
Did you read the whole article or just cherrypick the stuff that jive with what you are told to believe? I find it very disappointing and sad that as soon as someone brings up a concern about anything in government (it seems like no matter what is it), someone has to almost immediately resort

Re: Social Security is now permanently in the red

2011-01-28 Thread Ray Champagne
Haha, welcome to CF-Comm. The reason that gmail's mute button was created. :) On Fri, Jan 28, 2011 at 9:15 AM, Justin Scott leviat...@darktech.orgwrote: Did you read the whole article or just cherrypick the stuff that jive with what you are told to believe? I find it very

RE: Social Security is now permanently in the red

2011-01-28 Thread Eric Roberts
Did you read the article? -Original Message- From: Scott Stroz [mailto:boyz...@gmail.com] Sent: Friday, January 28, 2011 08:50 To: cf-community Subject: Re: Social Security is now permanently in the red I find it funny that whenever someone has a different viewpoint from your own

RE: Social Security is now permanently in the red

2011-01-28 Thread Eric Roberts
Did you read it? -Original Message- From: Justin Scott [mailto:leviat...@darktech.org] Sent: Friday, January 28, 2011 09:15 To: cf-community Subject: Re: Social Security is now permanently in the red Did you read the whole article or just cherrypick the stuff that jive with what