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Dems show their true colors on this medicare bill...

CheeseDick said:
I highly doubt 1950's Americans were saving 25% of their income. I'd love to see those numbers.

You are correct, max savings in the US topped at 26% in 1944, and decreased in the latter 40's and 50's. During various times in the 70's and 80's, personal savings went above 10%, while we currently save less than 5%.

The point is that people have and can personally care for their well-being.

Thankfully the majority of America supports social security or some form of it.

The majority of people in the South supported slavery. Were they right because the majority believed it was right? Simply because people support something does not provide reason for it.

In all reality Social Security is nothing more than Insurance trust funds set up to supplement people when they are no longer able to work. Plain and simple. The majority of people who receive it have paid into it.

Fantasyland. Social Security is the national treasury. Money does not go into some special vault or bank, it simply dumps into the treasury where all other monies go. The money that the elderly put into this system went to support their parents, just as mine is currently going to provide for those currently on SS.

You don't seem to have a problem paying your insurance premiums even though some of that money goes to people who haven't paid a dime to your insurance company.

Can you tell me that the money you pay in car insurance every month is wasted if you never get into an accident?

Do you really not understand the difference between private insurance and a social program?? Did you graduate from a public school?
 
It's funny that your only retort is to try to insult my education.

Social Security is made up of 4 trust funds:

Old-Age and Survivors Insurance
Disability Insurance
Hospital Insurance
Supplemental Medical Insurance

Looks like some didn't even go to school
 
CheeseDick said:
Your rhetoric is laughable, friend. Thomas Jefferson's "The earth belongs to the living" was about dead people, not old people. The people that we are discussing here are still alive.

The point is still that no man, whether living or dead has the power to obligate others to his care or to his demands. Forcing a man to provide for the elderly or future generations (as demanded by environmentalists) is by definition enslavement. I am obligated to do that which I would not normally do.

Each man does not come into this world in the best scenario. There are those born into the bondage of drug dependences, mental disabilites, and crippling financial woes. He is not free. He is chained by forces that he has no control over.

I made no mention of the forms that man comes into this world, only that he is free. That a man has no education or drug dependance does not imply that he is bound to this state, as your deterministic belief argues, only that this is his current state. As long as he is not forced to maintain such an existence, then he is free to choose his future. I'm sure you fall into the catagory of mush-headed liberals who believe that not handing a man money is "forcing" him to maintain his current state, but force presupposes action, not lack of action. You, like all socialists, designate all men (save yourselves, for some reason) to that of lower animals, totally dependant on the fruits of nature, incapable of self-sufficiency, eternally thankful for any crumbs which may fall from the table of the state.

And in the context of social security, you bind these poor examples into servitude to the rich and priviledged. Since all workers pay into Social Security, that means that many lower class workers are paying into the system that a rich man may take from. Why should a poor man pay to care for one wealthy enough not to need it?

"Living Wages" is a no brainer. Don't play around like you have absolutely no clue what these are.

Oh, I understand the concept. It is the carrot placed in front of the ass. You can never reach it. Define a "living wage", place it in monetary units? It is no different than the idea of "fair". It is a subjective term that differs from person to person. Not to mention that implementing this arbitrary creation is poor logic. Those who push this idea think that companies print money and hold these unlimited reserves in their vaults, and that simply passing such laws will make them share all of this hidden wealth. They live in the Disney land version of economics. Companies only have so much money. Forcing a company to pay its workers more, decreases the amount the company has to re-invest, to save in times of hardship, to hire more workers, etc. Less money to re-invest decreases improvements which increase productivity, which often times requires more workers. So for every higher wage, there is one less man that will be hired.

Of course, I am totally wrong. I should know by now that all companies are sitting on top of gold bricks, hoarding it away from the poor unfortunate masses.
 
ttlpkg said:


It's pathetic to see you try and use the same cheap shot at me every time you have no point to make. I happen to be on vacation right now, but I do often check this site while at work, with no apologies.

If you had a decent career, maybe you'd be off for Thanksgiving too.
I know what you make. I make more in 2 hours than you do in a day. I'll compare my bank statements to yours anydays. I work 10-15 hours a week. Lets email some to one of the mods. You up for it?

I did $12,000 month............under a different President.


You are on vacation alright.

A permanent vacation.
 
CheeseDick said:
It's funny that your only retort is to try to insult my education.

"Only retort"? Either you can't read or can't comprehend. It is sad that this is all that you replied to.

Social Security is made up of 4 trust funds:

Old-Age and Survivors Insurance
Disability Insurance
Hospital Insurance
Supplemental Medical Insurance


Yet these assertions are based on a gross misrepresentation. The Social Security Trust Fund is a deception. It contains no genuine assets, only government bonds--IOUs that have no value beyond a promise to impose higher taxes on future workers. Even the Clinton Administration admits that the Trust Fund is fraudulent, stating in its proposed budget for fiscal year 2000 that:

These [Trust Fund] balances are available to finance future benefit payments and other trust fund expenditures--but only in a bookkeeping sense. These funds are not set up to be pension funds, like the funds of private pension plans. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury, that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, make it easier for the government to pay benefits. [Emphasis added.]

http://www.heritage.org/Research/SocialSecurity/BG1256es.cfm
 
CheeseDick said:
It's funny that your only retort is to try to insult my education.

"Only retort"? Either you can't read or comprehend. It is sad that this is all you replied to.

Social Security is made up of 4 trust funds:

Old-Age and Survivors Insurance
Disability Insurance
Hospital Insurance
Supplemental Medical Insurance

Looks like some didn't even go to school

http://www.heritage.org/Research/SocialSecurity/BG1256es.cfm

The Social Security Trust Fund is a deception. It contains no genuine assets, only government bonds--IOUs that have no value beyond a promise to impose higher taxes on future workers. Even the Clinton Administration admits that the Trust Fund is fraudulent, stating in its proposed budget for fiscal year 2000 that:

These [Trust Fund] balances are available to finance future benefit payments and other trust fund expenditures--but only in a bookkeeping sense. These funds are not set up to be pension funds, like the funds of private pension plans. They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury, that, when redeemed, will have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures. The existence of large trust fund balances, therefore, does not, by itself, make it easier for the government to pay benefits. [Emphasis added.]
 
MattTheSkywalker said:



Social Security and Medicare are investments in the past. They cost us $1T per year.


Not anymore.

"The present discounted value of the promises embedded in the Social Security law greatly exceeds the present discounted value of the expected proceeds from the payroll tax. The difference is an unfunded liability variously estimated at from $4 trillion to $11 trillion - or from slightly larger than the funded federal debt that is in the hands of the public to three times as large. For perspective, the market value of all domestic corporations in the United States at the end of 1997 was roughly $13 trillion."

I highly doubt the number has been reduced by today.

Courtesy of Milton Friedman
 
OlavZipser said:


Not anymore.

"The present discounted value of the promises embedded in the Social Security law greatly exceeds the present discounted value of the expected proceeds from the payroll tax. The difference is an unfunded liability variously estimated at from $4 trillion to $11 trillion - or from slightly larger than the funded federal debt that is in the hands of the public to three times as large. For perspective, the market value of all domestic corporations in the United States at the end of 1997 was roughly $13 trillion."

I highly doubt the number has been reduced by today.

Courtesy of Milton Friedman

Milton Friedman, Ludwig von Mises, Frederick Hayek, Henry Hazlett, and Murray Rothbard are some great economists who have the ability to write understandable texts on the subject.
 
CheeseDick said:


Why are you having trouble seeing that that those "useless" elderly folks had a hand in everything you currently take for granted.

I never called them "useless". I said they had to be responsible for themselves, as should everyone.


even if we accept your premise of societal good" which I reject outright as contrary to the principles on which tis country was founded, your statement above is illogical. I'll demonstrate it to you:

If we accept your statement that the past generations had a hand in what I have today, then it is equally a valid statement that I will have a hand in what the next generations receive/achieve.

Whatever I pass on to the next generation will be a result of what I did while I was a producer in society. I didn't produce when I was a child, for example.

Therefore, it is equally true that whatever today's old people have shaped for me, was done while they were productive members of society.

Fiscal policy should focus on creating opportunities for people to produce and increase wealth, not redistributing wealth away from producers. Redistribution weakens the economy.

Old people are no longer producers. A sound fiscal policy would have allowed themm aximum opportunity when they had the ability to produce. You are advocating a policy which increases the burden on producers, while taking more of the result of their production.

Your position perpetuates taking from producers; decreasing opportunity for them instead of increasing it. You advocate a position which weakens the economy and with it the nation. Congrats.

BTW before you respond, I am merely arguing that more welath is better than less, and for the implementation of policies that arrive at that outcome.
 
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