[Lore]

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('Lore', 'I')'m not sure how Tanada's plan is any different then the SS system we have now? The fact that presently the money becomes part of the general fund is irrelevant. The money by law still gets paid out to every eligible recipient. If the money is held by the Feds in some lock box it's still not just going to sit there doing nothing, specially if you have to pay interest on top of it. The security of that money is no different then it is now.

If you want to balance the present system by the deadline of 2033, as pointed out, raise the eligibility age, raise the payroll tax by 4%, or decrease the benefit.

[Newfie]

$this->bbcode_second_pass_quote('PrestonSturges', '')$this->bbcode_second_pass_quote('Lore', 'I') think we've just about seen the end of any more increases in life expectancy.

[PrestonSturges]

$this->bbcode_second_pass_quote('Newfie', 'P')reston, you got a link to that?

[wildbourgman]

http://www.cbo.gov/sites/default/files/ ... curity.pdf


$this->bbcode_second_pass_quote('', 'C')hanges in CBO’s Long-Term Social Security
Projections Since 2012
The shortfalls for Social Security that CBO is currently
projecting are larger than those the agency
projected a year ago.

CBO projects that the trust funds, considered in
combination for analytical purposes, will be
exhausted in 2031. (For the DI trust fund, that
date is fiscal year 2017; and for the OASI trust
fund, 2033.) For 2032, revenues are projected to
equal 75 percent of scheduled outlays. Thus,
payable benefits will be 25 percent less than
scheduled benefits. For more than 20 years
thereafter, the gap between scheduled and payable
benefits will fluctuate narrowly around 26 percent.
It will then widen, and by 2087, payable benefits
will be 34 percent smaller than scheduled benefits.

[vision-master]

$this->bbcode_second_pass_quote('wildbourgman', 'h')ttp://www.cbo.gov/sites/default/files/cbofiles/attachments/44972-SocialSecurity.pdf


$this->bbcode_second_pass_quote('', 'C')hanges in CBO’s Long-Term Social Security
Projections Since 2012
The shortfalls for Social Security that CBO is currently
projecting are larger than those the agency
projected a year ago.

CBO projects that the trust funds, considered in
combination for analytical purposes, will be
exhausted in 2031. (For the DI trust fund, that
date is fiscal year 2017; and for the OASI trust
fund, 2033.) For 2032, revenues are projected to
equal 75 percent of scheduled outlays. Thus,
payable benefits will be 25 percent less than
scheduled benefits. For more than 20 years
thereafter, the gap between scheduled and payable
benefits will fluctuate narrowly around 26 percent.
It will then widen, and by 2087, payable benefits
will be 34 percent smaller than scheduled benefits.

[wildbourgman]

$this->bbcode_second_pass_quote('', 'W')elcome to the banana republic, by then the 1%er's will own everything

[vision-master]

$this->bbcode_second_pass_quote('wildbourgman', '')$this->bbcode_second_pass_quote('', 'W')elcome to the banana republic, by then the 1%er's will own everything

[Newfie]

Preston, thanks for the links

[Sixstrings]

$this->bbcode_second_pass_quote('PrestonSturges', 'I')n the United States, the regions that voted for McCain and then Romney are having rapid drops in life expectancy because of lack of health insurance and prescription drug overdoses and suicides. It's been described as the biggest mortality event since the flu epidemic of 1914.

[wildbourgman]

$this->bbcode_second_pass_quote('', 'O')n this issue of life expectancy in general regarding Social Security -- it's worth noting there's a DIFFERENCE between life expectancy of a cushy government desk worker and some poor working class waitress of 40 years. Or gas station attendants. Retail in general, construction -- they've all lived hard lives, inadequate dental and healthcare, and they aren't living long. So the argument they use about raising the age, that everyone's life expetency is going up, just isn't valid. As poverty spreads, mortality increases.

[Newfie]

Interesting, I didn't know there were special regions with different rules.

[Pops]

I think one of the structural problems that SS faces over the next 20 years is that working folks my age and younger really haven't had to work all that hard, not compared to our parents' generation and so won't croak at 65-1/2. Obviously there are exceptions and lots of folks work hard, but generally, true manual labor aside from ag work just isn't that widespread anymore. I worked in construction and ag when I was a kid (and not so much a kid) in the '70s & '80s and though it is work, it isn't the 10 hour a day, 6 day a week physical grind it was 70-80 years ago.

Not sure where you've seen any gas station attendants, six, LOL. Regardless, there is a difference between being on your feet all day making change behind a counter and digging a ditch, lifting a bale and toting a barge.

What those maps tell me is the poor, racist, southern democrats that jumped to the GOP as a knee-jerk reaction to the civil rights (and all the other "rights") movements in the '60s and 70s, forgot that the other reason they had been Democrats since the New Deal was because they were poor and working class and that the Republican party was the party of the educated, ownership class. The Rs co-opted the poor, white, racist Democratic votes over civil rights just like they had taken the upper-middle class white conservative votes over the New Deal.

Now there is this funny coalition of poor and working poor southern whites who endorse the Republican moralistic paternalism but whose whose fiscal policy is designed to trickle every dime to the upper classes at their expense. It would be funny if it wasn't so sad.

But I digress, LOL

[vision-master]

$this->bbcode_second_pass_quote('', 'S')ixstrings, that's a very good point, but I don't think we're going to have anyone recommending that we structure social security payouts according to whether you had a desk job versus being a coal miner.

[vision-master]

$this->bbcode_second_pass_quote('Newfie', 'I')nteresting, I didn't know there were special regions with different rules.

[wildbourgman]

$this->bbcode_second_pass_quote('Pops', 'W')hat those maps tell me is the poor, racist, southern democrats that jumped to the GOP as a knee-jerk reaction to the civil rights (and all the other "rights") movements in the '60s and 70s, forgot that the other reason they had been Democrats since the New Deal was because they were poor and working class and that the Republican party was the party of the educated, ownership class. The Rs co-opted the poor, white, racist Democratic votes over civil rights just like they had taken the upper-middle class white conservative votes over the New Deal.

Now there is this funny coalition of poor and working poor southern whites who endorse the Republican moralistic paternalism but whose whose fiscal policy is designed to trickle every dime to the upper classes at their expense. It would be funny if it wasn't so sad.

But I digress, LOL

[vision-master]

The Tea party libertarians will bring this Country to it knees if they gain enough power.

[wildbourgman]

$this->bbcode_second_pass_quote('vision-master', 'T')he Tea party libertarians will bring this Country to it knees if they gain enough power.

[vision-master]

$this->bbcode_second_pass_quote('wildbourgman', '')$this->bbcode_second_pass_quote('vision-master', 'T')he Tea party libertarians will bring this Country to it knees if they gain enough power.

[wildbourgman]

$this->bbcode_second_pass_quote('', 'L')et me guess, White, Middle Aged, Male, Privileged Background and from the South?

[Pops]

No argument they are voting based on social issues, wild, that's my point. Where they once voted pro-slavery (by whatever name) as an economic issue, as well as a "social" one, they then voted pro-New Deal as an economic issue, they have now been persuaded to vote against their economic interests in trade for clinging to their guns and bibles. Oh, and deciding who sleeps with who.