SS funds should be placed where?????

Discussion in 'Politics' started by billwald, Aug 29, 2009.

  1. billwald

    billwald
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    If SS funds should not be spent for current budget needs and should not be used to buy GM stock then exactly how and where should they be stashed?

    As long as the Treasury IS selling securities to fund current budget needs is it not more logical to use SS funds than to sell Treasury paper to the Red Chinese?
     
  2. Nonsequitur

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    Very good question. How about....oh, let's say.......use the SS funds for SS?
     
  3. alatide

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    That's not acceptable because that idea was supported by VP Al Gore, the radical liberal communist.
     
  4. targus

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    Let's put my portion in the banks, stocks, mutual funds, bonds, and other investments of my choice with my name as the owner and I'll be responsible for it myself.

    When I die let's pass ownership of my accounts to the heirs of my choice.
     
  5. Revmitchell

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    It is not being spent on needs. There is a difference between needs and wants. And even needs should be constrained by what comes in. Simple budgeting 101.
     
  6. Spear

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    Hehe, long time i didn't read the word " communist " here ... i sometimes have the feeling that in some areas the time stopped during the Cold War :D
     
  7. billwald

    billwald
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    >Very good question. How about....oh, let's say.......use the SS funds for SS?

    This says . . . nothing. Money is money is money. The money in my left pocket is not different than the money in my right pocket. If I want to keep separate accounts for my left and right pockets it might be interesting but isn't useful. Only the bottom line matters.
     
  8. Nonsequitur

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    Riiiight! Why don't you just keep all your money and when the tax man comes, just tell him that,"The money in my left pocket is not different than the money in my right pocket, so I spent it on other things."
    We should be using the SS money for SS, period. Where it is invested is why we are supposed to have elected officials to taking care of it. They are NOT supposed to be using it for anything else.
     
  9. donnA

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    this is what it's intended for, and this is what we should be doing.
     
  10. Nonsequitur

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    But.....I need a nicer boat to go fishing in.LOL:tongue3:
     
  11. rbell

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    So...you think conservatives oppose putting the SS money where Congress can't reach it....because Algore said something along those lines?

    WOw...this proves:
    1. You have absolutely no idea how a conservative thinks.
    2. You have absolutely no idea about the conservative position on SS.
     
    #11 rbell, Aug 31, 2009
    Last edited by a moderator: Aug 31, 2009
  12. rbell

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    Bingo........
     
  13. billwald

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    You all really want the SS Administration to play the stock market with the excess SS collection?

    Or would you all be happier if SS annual taxes were reduced to meet only current SS needs and there be no fund surplus? That's fine with me. Reagan cheated me out of my SS.
     
  14. targus

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    It's a ponzi scheme.

    It's unsustainable.

    Given the current demographics it is impossible that the Baby Boomer generation will be able to recover it's contributions into the system - let alone what the law says should be paid out.
     
  15. alatide

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    Did you make fun of Gore when he said that the social security fund should be "put in a lock box?" I didn't. I fully supported that statement. Instead, Bush financed the Iraq war off the budget by spending social security funds among other things.
     
    #15 alatide, Aug 31, 2009
    Last edited by a moderator: Aug 31, 2009
  16. targus

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    Lock box? He never explained what this means.

    Does it mean put the cash in a big metal box?
     
  17. alatide

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    No. He meant save it to spend only on Social Security not to spend it on unjust wars.
     
  18. targus

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    Save it how?

    By investing it in the stock market? Dems think that is a no-no.

    Buy Treasury Bills and U.S. Savings Bonds? Thats just lending the money to the Federal government which is no different than the current situation.
     
  19. alatide

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    I would say simply put it aside in an account which is only to be used for Social Security payouts. It was clear in 2000 and even clearer now that there was a looming problem due to the huge wave of Baby Boomers that will first reach the age of 65 in about 2 years. Others might choose to retire at age 62. That's NOW.
     
  20. targus

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    What type of account?

    Either the money is invested somewhere or it is locked away in a safe where it earns nothing. Investment means risk.

    Which are you suggesting be done?
     

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