SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 What does any of this matter? The world is ending in seven years. Tick, tick, tickĀ 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 34 minutes ago, JDHillFan said: If he said that? Thereās video of it. Good heavens man! Anyone with the ability to think knows that entitlement programs cannot continue indefinitely on their current course. That doesnāt in any way assume you understand that as you are essentially a parrot for what the left tells you. Even Joe professed to know that at one time. Ā I have an open mind on solutions.Ā Glad he is rubbing GOP's nose in it now. That's funny he said it too, makes it even better!Ā 1 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 9, 2023 Share Posted February 9, 2023 1 minute ago, Tiberius said: Glad he is rubbing GOP's nose in it now. That's funny he said it too, makes it even better!Ā Itās moments like this when I wish it was still semi-acceptable to use the word ā######ā. Itās not, so I wonāt. Canāt stop me from thinking it though.Ā Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 2 minutes ago, Tiberius said: Glad he is rubbing GOP's nose in it now. That's funny he said it too, makes it even better!Ā Translationā¦.., now that heās President he has completely flip flopped on an issue that because of his age will never affect him in an effort to retain power. Fantastic!Ā 1 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 And he is clubbing the GOP over the head with it! Hey, you guys hate socialismĀ Ā SS and medicare are socialismĀ 1 Link to comment Share on other sites More sharing options...
BillStime Posted February 9, 2023 Author Share Posted February 9, 2023 Ā 2 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 Just now, Tiberius said: And he is clubbing the GOP over the head with it! Hey, you guys hate socialismĀ Ā SS and medicare are socialismĀ Social Security is not socialism. As constructed, itās actually a Ponzi scheme.Ā 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 9, 2023 Share Posted February 9, 2023 23 minutes ago, SoCal Deek said: What does any of this matter? The world is ending in seven years. Tick, tick, tickĀ ITs funny when they parrot that.Ā Ā Ā Its some shady theory about us being in the 6th Mass extinction event. that supposedly is human caused and started with us.Ā IE, we are the problem and reason for this mass extinction event. Ā https://onlinelibrary.wiley.com/doi/full/10.1111/brv.12816 Ā And based off this Book.Ā Ā https://en.wikipedia.org/wiki/The_Sixth_Extinction:_An_Unnatural_HistoryĀ that was wrote in 2014 Ā By Elizabeth Kolbert.Ā Who is not a scientist.Ā Ā https://en.wikipedia.org/wiki/Elizabeth_Kolbert Ā But has a history of writing for such nonbiased sites as NYT and Wa Po.Ā So that makes her the expert in this theory. Ā Ā Ā Ā Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 Just now, SoCal Deek said: Social Security is not socialism. As constructed, itās actually a Ponzi scheme.Ā Sure it isĀ Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 Just now, Tiberius said: Sure it isĀ Then we agree. Close thread!Ā 1 Link to comment Share on other sites More sharing options...
Doc Posted February 9, 2023 Share Posted February 9, 2023 Thanks to Joke for finally killing this as a talking point by claifying that the Repubs don't want to get rid of them.Ā Talk about an own goal. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 1 minute ago, Doc said: Thanks to Joke for finally killing this as a talking point by claifying that the Repubs don't want to get rid of them.Ā Talk about an own goal. Reminded me of a scene from a Few Good Men where Demi Moore gets the hostile witness to completely reinforce the defenseās point. š 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 4 minutes ago, Doc said: Thanks to Joke for finally killing this as a talking point by claifying that the Repubs don't want to get rid of them.Ā Talk about an own goal. Go get 'em Joe!Ā Ā Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted February 9, 2023 Share Posted February 9, 2023 (edited) 8 minutes ago, SoCal Deek said: Reminded me of a scene from a Few Good Men where Demi Moore gets the hostile witness to completely reinforce the defenseās point. š When it comes to government spending being unsustainable, my favorite is "you want the truth", "you can't handle the truth".Ā With the audience for the claim being the voters.Ā I think it was Jung that said "people cannot stand too much reality".Ā Fortunately for them, denying reality is the core competency and guiding principle of the current administration. Edited February 9, 2023 by All_Pro_Bills 1 2 Link to comment Share on other sites More sharing options...
Doc Posted February 9, 2023 Share Posted February 9, 2023 53 minutes ago, Tiberius said: Go get 'emĀ yourself Joe!Ā Ā Ā FIFY Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted February 9, 2023 Share Posted February 9, 2023 https://thehill.com/finance/3850036-republicans-social-security-medicare-debt-ceiling/ This seems an accurate portrayal of top R's stance on medicare and SS. Ā Scott was clearly targeted by Biden. Ā I think scrapping everything every 5 years is nuts. Ā Comments? 3 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 9, 2023 Share Posted February 9, 2023 (edited) 5 minutes ago, redtail hawk said: https://thehill.com/finance/3850036-republicans-social-security-medicare-debt-ceiling/ This seems an accurate portrayal of top R's stance on medicare and SS. Ā Scott was clearly targeted by Biden. Ā I think scrapping everything every 5 years is nuts. Ā Comments? I think most paying attention knows that it needs to be fixed. something needs to be done. Ā Those five fellas Ideas have some merit if the goal is to control cost to preserve it long term. Ā I don't think ending it every five years does that.Ā Ā I do think they should be totally separate expenditure bills though.Ā how, no effing clue. Ā ****Also, I believe if you let people buy Medicare you actually fix two problems.Ā you make that policy strong, and you help fix our problems with private insurance and medical cost by creating the low-cost government option. Ā Ā Ā Ā Ā Ā Edited February 9, 2023 by Chris farley 1 Link to comment Share on other sites More sharing options...
Tenhigh Posted February 9, 2023 Share Posted February 9, 2023 1 hour ago, redtail hawk said: https://thehill.com/finance/3850036-republicans-social-security-medicare-debt-ceiling/ This seems an accurate portrayal of top R's stance on medicare and SS. Ā Scott was clearly targeted by Biden. Ā I think scrapping everything every 5 years is nuts. Ā Comments? The model isn't working, payroll taxes aren't covering the entitlement benefits being paid.Ā I believe I read that it will be insolvent in less that 15 years, at the current rate.Ā Ignoring this or demonizing folks who want to address it doesnāt fix the problem.Ā Ā 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 9, 2023 Share Posted February 9, 2023 Some parts of the country opted out of social security in the 80's . they created private accounts.Ā and none of them have issues like SS and they pay out much better Ā https://www.forbes.com/sites/merrillmatthews/2011/05/12/how-three-texas-counties-created-personal-social-security-accounts-and-prospered/?sh=4abe11933283 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 11 minutes ago, Tenhigh said: The model isn't working, payroll taxes aren't covering the entitlement benefits being paid.Ā I believe I read that it will be insolvent in less that 15 years, at the current rate.Ā Ignoring this or demonizing folks who want to address it doesnāt fix the problem.Ā Ā All of which Senator Biden understood before he evolved into full pander mode.Ā 1 2 Link to comment Share on other sites More sharing options...
Tenhigh Posted February 9, 2023 Share Posted February 9, 2023 27 minutes ago, SoCal Deek said: All of which Senator Biden understood before he evolved into full pander mode.Ā It's gross, both sides do it.Ā Link to comment Share on other sites More sharing options...
JDHillFan Posted February 9, 2023 Share Posted February 9, 2023 2 hours ago, SoCal Deek said: All of which Senator Biden understood before he evolved into full pander mode.Ā "President Biden, while still a senator for Delaware, introduced legislation to sunset all federal programs, including Social Security and Medicare....Ā Biden doubled down on his legislation in the '90s, saying on the Senate floor that his bill would affect Social Security.... 'When I argued that we should freeze federal spending, I meant Social Security, as well,' Biden said. 'I meant Medicare and Medicaid. I meant veteransā benefits. I meant every single solitary thing in the federal government.... And I not only tried it once, I tried it twice, I tried it a third time, and I tried it a fourth time."Ā https://news.yahoo.com/flashback-biden-introduced-bill-sunset-181857869.html Ā It was different back then.Ā Rick Scott is the next Paul Ryan pushing granny off a cliff.Ā 2 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 9, 2023 Share Posted February 9, 2023 17 minutes ago, JDHillFan said: "President Biden, while still a senator for Delaware, introduced legislation to sunset all federal programs, including Social Security and Medicare....Ā Biden doubled down on his legislation in the '90s, saying on the Senate floor that his bill would affect Social Security.... 'When I argued that we should freeze federal spending, I meant Social Security, as well,' Biden said. 'I meant Medicare and Medicaid. I meant veteransā benefits. I meant every single solitary thing in the federal government.... And I not only tried it once, I tried it twice, I tried it a third time, and I tried it a fourth time."Ā https://news.yahoo.com/flashback-biden-introduced-bill-sunset-181857869.html Ā It was different back then.Ā Rick Scott is the next Paul Ryan pushing granny off a cliff.Ā I have almost zero recollection of anything Joe Biden did while a Senator but I distinctly remember being VERY impressed by him in a long ago forgotten Democratic Primary debate when he proposed gradually raising the retirement age to get in front of the looming Baby Boomer Retirement Tidal Wave. (One of his many runs for the White House.) Alasā¦ His idea fell flat back then and Iām guessing he figured thereās no personal political reward for being honest with the voters, so now we Ā get the new and enriched āWhatās in it for meā version of Joe Biden.Ā 1 Link to comment Share on other sites More sharing options...
BillStime Posted February 9, 2023 Author Share Posted February 9, 2023 8 hours ago, SoCal Deek said: Social Security is not socialism. As constructed, itās actually a Ponzi scheme.Ā Ā Ā Link to comment Share on other sites More sharing options...
sherpa Posted February 10, 2023 Share Posted February 10, 2023 1 hour ago, BillStime said: Ā Ā Ā And it is, by any objective measure. What is your point? 1 1 Link to comment Share on other sites More sharing options...
sherpa Posted February 10, 2023 Share Posted February 10, 2023 2 hours ago, SoCal Deek said: I have almost zero recollection of anything Joe Biden did while a Senator.... Ā He was the head of the Senate Foreign Relations Committee and used that position to advocate and jawbone others to support the second Iraq war. I don't blame him for that, but it is what it is. Link to comment Share on other sites More sharing options...
B-Man Posted February 10, 2023 Share Posted February 10, 2023 Ā Ā Of course I wouldn't repeat the same lie when proven wrong, who am I ,Ā BillStime ?? Ā Ā Ā Ā Ā Ā . Ā . 1 Link to comment Share on other sites More sharing options...
ALF Posted February 10, 2023 Share Posted February 10, 2023 What is the Social Security tax cap for 2023? $160,200 We call this annual limit the contribution and benefit base. This amount is also commonly referred to as the taxable maximum. For earnings in 2023, this base isĀ $160,200. The OASDI tax rate for wages paid in 2023 is set by statute at 6.2 percent for employees and employers, each. Ā Earners making minimum wage pay SS tax those over $160,200 pay zero SS tax , sounds fair right ?Ā Those on SS disability many from a young age draw from SS.Ā It's no wonder it is underfunded.Ā 1 1 Link to comment Share on other sites More sharing options...
Tenhigh Posted February 10, 2023 Share Posted February 10, 2023 (edited) 2 hours ago, ALF said: What is the Social Security tax cap for 2023? $160,200 We call this annual limit the contribution and benefit base. This amount is also commonly referred to as the taxable maximum. For earnings in 2023, this base isĀ $160,200. The OASDI tax rate for wages paid in 2023 is set by statute at 6.2 percent for employees and employers, each. Ā Earners making minimum wage pay SS tax those over $160,200 pay zero SS tax , sounds fair right ?Ā Those on SS disability many from a young age draw from SS.Ā It's no wonder it is underfunded.Ā Earners making over 160k pay 6.2% ss tax on their 160k, not zero. Because when they eventually draw they have a cap on their benefits.Ā Ā Is your argument that they should be paying more in? Edited February 10, 2023 by Tenhigh 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 10, 2023 Share Posted February 10, 2023 56 minutes ago, Tenhigh said: Earners making over 160k pay 6.2% ss tax on their 160k, not zero. Because when they eventually draw they have a cap on their benefits.Ā Ā Is your argument that they should be paying more in? I believe what Alf was trying to say is that after you earn $160k they no longer take SS tax off of your paycheck. He is correct. That figure has been going up over the years. 1 Link to comment Share on other sites More sharing options...
Tenhigh Posted February 10, 2023 Share Posted February 10, 2023 6 minutes ago, SoCal Deek said: I believe what Alf was trying to say is that after you earn $160k they no longer take SS tax off of your paycheck. He is correct. That figure has been going up over the years. That's not how it read. 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 10, 2023 Share Posted February 10, 2023 (edited) 10 minutes ago, Tenhigh said: That's not how it read. Alf has it right. Last yearās limit was 147,000 at which point you no longer paid the 6.2% SS tax (12.4% for self employed). Up to 160,00 this year.Ā Edited February 10, 2023 by JDHillFan 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 10, 2023 Share Posted February 10, 2023 6 minutes ago, JDHillFan said: Alf has it right. Last yearās limit was 147,000 at which point you no longer paid the 6.2% SS tax (12.4% for self employed). Up to 160,00 this year.Ā All of which shows the basic flaw in the concept of SS. As envisioned, you are thought to be putting money away for yourself. So the idea is that you should have put enough away once youāve made $160k. Unfortunately the program is now so confused that most think youāre putting money away forĀ otherĀ Ā people.Ā Link to comment Share on other sites More sharing options...
Tenhigh Posted February 10, 2023 Share Posted February 10, 2023 "Earners making minimumĀ wageĀ pay SS tax those over $160,200 pay zero SS tax , sounds fair right ? " Ā To me that is implying that earners who make over 162k pay ZERO into ss, as opposed to 6.2% on tax up to 160k. But maybe I read it wrong. Regardless, it needs a real fix.Ā Link to comment Share on other sites More sharing options...
JDHillFan Posted February 10, 2023 Share Posted February 10, 2023 8 minutes ago, Tenhigh said: "Earners making minimumĀ wageĀ pay SS tax those over $160,200 pay zero SS tax , sounds fair right ? " Ā To me that is implying that earners who make over 162k pay ZERO into ss, as opposed to 6.2% on tax up to 160k. But maybe I read it wrong. Regardless, it needs a real fix.Ā https://www.investopedia.com/ask/answers/081514/why-there-cap-federal-insurance-contribution-fica-tax.asp Ā This explains it all pretty clearly if you want to know more. It definitely needs fixing and it seems like there are options. Of course fixing it would remove it as a scare tactic for our best and brightest in Washington.Ā Link to comment Share on other sites More sharing options...
Tenhigh Posted February 10, 2023 Share Posted February 10, 2023 2 minutes ago, JDHillFan said: https://www.investopedia.com/ask/answers/081514/why-there-cap-federal-insurance-contribution-fica-tax.asp Ā This explains it all pretty clearly if you want to know more. It definitely needs fixing and it seems like there are options. Of course fixing it would remove it as a scare tactic for our best and brightest in Washington.Ā I understand both the cap and problems with the entitlement, apparently my issue today is communicating my point.Ā Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 10, 2023 Share Posted February 10, 2023 (edited) 13 minutes ago, Tenhigh said: I understand both the cap and problems with the entitlement, apparently my issue today is communicating my point.Ā Youāre fine. You simply misread Alfās comment. It happens. Ā The real problem with SS is the way it was originally constructed. You are not withdrawing your own money, as many people foolishly believe. Youāre actually withdrawing other peopleās money. This becomes a HUGE problem when the generation thatās withdrawing is much larger than the generation thatās depositing.Ā Edited February 10, 2023 by SoCal Deek 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 10, 2023 Share Posted February 10, 2023 https://www.cnn.com/2023/02/10/politics/biden-social-security-medicare-trust-funds/index.html Ā Other than repeating his common refrain of making the wealthy and big corporations pay more, he has yet to outline a vision for securing the entitlement programs. Ā Go figure.Ā 1 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted February 10, 2023 Share Posted February 10, 2023 16 minutes ago, JDHillFan said: https://www.cnn.com/2023/02/10/politics/biden-social-security-medicare-trust-funds/index.html Ā Other than repeating his common refrain of making the wealthy and big corporations pay more, he has yet to outline a vision for securing the entitlement programs. Ā Go figure.Ā This is because once some poorly constructed entitlement program is bleeding cash, the Left scrambles to find another source of cash instead of reforming the program to live within its means.Ā Link to comment Share on other sites More sharing options...
BillStime Posted February 10, 2023 Author Share Posted February 10, 2023 They really do count on their viewers being brain dead Ā Ā Link to comment Share on other sites More sharing options...
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