ROTFLMFAO!!! ANOTHER LIE! Book forces Obama to admit he is illegitimate!!!!

[Black Power]

Originally Posted by Weester

ncmalko1

Keep going, you have him tripping over his tongue..................LOL!

This coming from the lying lefty himself. Don't you Navy Seals have more important things to do than bang on keyboards?

[IEATV8S]

Originally Posted by Black Power

This coming from the lying lefty himself. Don't you Navy Seals have more important things to do than bang on keyboards?

ROTFLMFAO!!!!!!

[V8Assassin]

Originally Posted by ncmalko1

and V8ASSASIN I apologize for the "Your Momma" jokes. I was wrong and apologize. I didn't mean to disrespect them. Sorry.

Apology accepted, thank you.

[V8Assassin]

I am going on Turbo with this one, if SS is not explicitly a form of welfare, it is very close and a significant portion of the money is going to those who have never paid in. Basically it is the goverment saying let us hold onto your money until retirement because we can manage it better than you. Problem is they can't, they end up paying out much more than is being taken in. Let's say all payments received were put in individual accounts, lockboxes if you will, held there and allowed to grow at a interest rate similiar to fed funds rate and could not be touched by anyone except you for dispersal. Now that might work except for one problem, given inflation vs fed funds rate, you would never see a profit. Your money going in would be worth less coming out in real terms.

The last great dem, Clinton, wanted to let SS invest in the stock market, talk about a clamity. Now you are letting the goverment falsely inflate the market and set it up for a crash.

Federal income tax is one thing, but SS and medicare are something else. How about I keep my SS money, invest it myself and buy my own health insurance. If I am not good enough at planning my financial future and fail, its on me and no one else to help me. The idea of letting the goverment borrow my money to use and give back in the future just doesn't sound like a good deal for me, pretty good for the goverment but given their propensity to waste I don't think I will come out as good if I just did it myself.

[Turbo RX-6]

Originally Posted by Weester

ncmalko1

Keep going, you have him tripping over his tongue..................LOL!

I'm sorry Weester, did we leave you out of the big boy discussion, here is something to keep you busy while the adults talk.

[henschman]

SOCIAL SECURITY IS WELFARE. it isn't some "savings program" where they put your money in an interest-bearing account... they simply tax people who are currently working to pay for retirement benefits for those who are not working. It is classic redistribution of wealth -- it just does it by age group rather than by income. The money goes right into the treasury just like all other tax revenue. The way they got the program to gain wide acceptance and got people away from the stigma that USED to be on those who accepted redistribution of wealth is by creating this myth that whatever money you put into the system was YOURS... this idea that it is an investment that you put money into so you can have it later. Oh, and of course YOU HAVE NO CHOICE, but that's OK, because you are not a government policy maker, so you obviously are too stupid to care for yourself. It is a very ill-thought-out program that ended up being a pyramid scheme when the amount of children people were having started dropping, leaving less and less people working for more and more people retiring. classic example of the stupidity of the ivy league central planners who think they should be running everything in our lives, but never can seem to foresee the catastrophic unintended consequences of their "well-intentioned" plans.

[ncmalko1]

so henchman, I guess this means when you retire you are going to waive your SS benefits.

[Weester]

"I'm sorry Weester, did we leave you out of the big boy discussion, here is something to keep you busy while the adults talk."

The only thing "big" about you, is your waist............ROTFL

Twist and spin...................

[Turbo RX-6]

Originally Posted by ncmalko1

so henchman, I guess this means when you retire you are going to waive your SS benefits.

Maybe not him, but it means that even though I've payed into the system for years, I can't draw any money at retirement because of my present system because I'd be double dipping, now tell me how that works, and just who getss all the money I've payed in?

Like I said, it's social welfare.

[ncmalko1]

Many poor people that work simply can't invest money. Actually, many middle class people don't have money to invest either. What are we gonna do with millions of 70 year old who can't work and have no home? Let them rot?

[ncmalko1]

or even the rich, hard working business man who lost all his investments.... or the 30 year employee of Enron.

[Turbo RX-6]

Originally Posted by Weester

"I'm sorry Weester, did we leave you out of the big boy discussion, here is something to keep you busy while the adults talk."

The only thing "big" about you, is your waist............ROTFL

Twist and spin...................

I'm sorry, do you need some more attention, you must, cause I noticed your not exactly involved with any political discussion, but as usual your just part of the peanut gallery, so I'm sorry, we'll try and include you in the future, just as soon as you actually have something intelligent to add, I'm thinking we'll be waiting a while..........................ROTFL

[BLACK6PACK]

SS needs to END!!! I'm all for my generation bearing the burden. Anyone over 40 years old (do studies, could be 35 or 55) will get SS. Anyone under that age no longer gets it. We will pay into a SS tax fund to take care of those who will get it. We will also be required by law to have IRA payments taken from our checks just like SS is now. As time goes by and the people in SS die off the burden to my generation will be lessened. I do not plan on getting SS when I retire. I really think it will go bust by then. I don't plan on getting any inheritance from my parents, even though there is a little money there. I plan on paying for my own retirement just like everyone else should.

It was never intended to be a retirement fund. My dad and mom paid in for 40 years. What do they get in return, about $1700 a month, which doesn't even pay their mortgage. I've paid in for about 20 years and my statement says I already qualify for $1400 month if I were put on SS.

[Turbo RX-6]

Originally Posted by ncmalko1

Many poor people that work simply can't invest money. Actually, many middle class people don't have money to invest either. What are we gonna do with millions of 70 year old who can't work and have no home? Let them rot?

Thats not the point of the discussion, is it, some of us have done very well for ourselves, and we don't mind doing our fair share. The discussion was about whether Social Security was a form of welfare, you said it wasn't, now as we can see by your comments, you agree it is.

That was the topic of the last several post.

As I said before, if you look at it realistically, all social programs are a form of welfare and socialism, it is the government taking some peoples money, and deciding who to redistribute it too, even if they don't work, or failed to plan for the future.

If someone at one point has made a substantial amount of money, and failed to invest a decent amount in a retirement plan, that is protected, even if they go broke, then I have no sympathy for them, that is inexcussable, why should my money go to someone who at one time might have had 10 times what I have, but failed to plan for their future.

[Weester]

Social Security in the United States is a social insurance program funded through a dedicated payroll tax. You have to PAY into it to collect!

IT IS NOT WELFARE, so get over it.............................

[Turbo RX-6]

Originally Posted by Weester

Social Security in the United States is a social insurance program funded through a dedicated payroll tax. You have to PAY into it to collect!

IT IS NOT WELFARE, so get over it.............................

Keep posting, and keep showing your ignorance, not everyone who pays into it gets money out of it, I should know, I'm one of those, and many people who don't pay into it, get money out of it.

Congress voted to award SS benefits to illegals who haven't even payed in, where does that money come from?

If your married and your husband dies, you can collect SS and so can your dependent minor children, whether you worked or not.

If your an ex-wife and meet the requirements, you can collect SS, whether you worked or not.

If you become disabled, as long as you have earned 6 credits, you can collect for life, long after you have received far more than you've payed in. To give you an idea of how long it takes to earn 6 credits, you can earn up to 4 per year and you get 1 credit for every $1000 dollars you earn. So a person could work for less than 2 years, earn only $6000 dollars, pay in just a few hundred to the system, then become disabled at say age 24 and collect SS for the next 60 years, plus they have a program where you can go back to work, earn money, and still keep your benefits, but it's not a form of welfare................ROTFL

Your right, SS is funded through a payroll tax, the employee pays XYZ, and the employer matchs it, but, money that is not used, i.e. employee dies with no beneficiaries, stays in the pot and gets distributed to others.

Now they want to distribute that illegals, what would you call that, social insurance.......ROTFL

Lets see, the government is taking my money, and distributing it to others who may or may not have payed in, or just met the minimum requirements, and in some cases collect for years and years, but if I die, my money stays in the pot to pay for them, but it's not a social program.

It's a form of social welfare, it can in some circumstance go to those who have not payed in, or not payed in their share.

Insurance covers you for the amount that you insure yourself for, no more, no less, in some circumstances SS will pay out for 50 years and 1000 times what you pay in if you live long enough, thats not insurance, thats social welfare.

I know you want it to be different, I know you want people to think you know something, you don't. Anytime the government forcibly takes your money, then decides who gets it, it a social welfare program.

Now you want to know why the system is a welfare system and is going broke,

In 1940, Ida May Fuller received the first monthly retirement check sent by the Social Security Administration. The program served her well; she paid in a total of $24.75 and collected $22,888.92 from Social Security over 35 years.

Now tell us how that works?

SS is a social welfare program.

Get over it....................................ROTFL