SS is the biggest ponze scheme, it's makes Bernie Maddoff look like a boy scout. Anyone remember Enron? What they did with their employees retirement funds were the same thing the US government has been doing with SS, the only difference is there is a different set of laws for our legislators than there is for the rest of us. This has been going on for 30+ years and did not start with Clinton but it went over the cliff with him.
Do you know why the Republicans let the Democrats get away with telling this lie?
Because they controlled Congress and voted in favor of this sh!t too.
Bill Clinton and Deficit Reduction
Bill Clinton claimed the deficit was reduced more than since the Civil War and that his balanced budget would protect Medicare, Medicaid, education and the environment.
On the surface it might appear he reduced the deficit, but the problem was the deceptive way Clinton accomplished this "sleight of hand" deficit reduction. It's called "cooking the books."
You see, the government keeps two sets of books... One set showed the rosy picture Clinton wanted to paint for the American public. The other set showed the actual mess that really existed for our national debt and deficit reduction. What President Clinton failed to say was his deficit-reduction package would run up alm...
Do you know why the Republicans let the Democrats get away with telling this lie?
Because they controlled Congress and voted in favor of this sh!t too.
Bill Clinton and Deficit Reduction
Bill Clinton claimed the deficit was reduced more than since the Civil War and that his balanced budget would protect Medicare, Medicaid, education and the environment.
On the surface it might appear he reduced the deficit, but the problem was the deceptive way Clinton accomplished this "sleight of hand" deficit reduction. It's called "cooking the books."
You see, the government keeps two sets of books... One set showed the rosy picture Clinton wanted to paint for the American public. The other set showed the actual mess that really existed for our national debt and deficit reduction. What President Clinton failed to say was his deficit-reduction package would run up alm...
SS is the biggest ponze scheme, it's makes Bernie Maddoff look like a boy scout. Anyone remember Enron? What they did with their employees retirement funds were the same thing the US government has been doing with SS, the only difference is there is a different set of laws for our legislators than there is for the rest of us. This has been going on for 30+ years and did not start with Clinton but it went over the cliff with him.
Do you know why the Republicans let the Democrats get away with telling this lie?
Because they controlled Congress and voted in favor of this sh!t too.
Bill Clinton and Deficit Reduction
Bill Clinton claimed the deficit was reduced more than since the Civil War and that his balanced budget would protect Medicare, Medicaid, education and the environment.
On the surface it might appear he reduced the deficit, but the problem was the deceptive way Clinton accomplished this "sleight of hand" deficit reduction. It's called "cooking the books."
You see, the government keeps two sets of books... One set showed the rosy picture Clinton wanted to paint for the American public. The other set showed the actual mess that really existed for our national debt and deficit reduction. What President Clinton failed to say was his deficit-reduction package would run up almost 1$ trillion in federal debt. This is because the reported deficit does not include monies "borrowed" from trust funds. This despicable gimmick used by the White House and Congress to cover up the huge federal budget deficit was the looting of the Social Security Trust Fund, Medicaid, Civil Service and military retirements funds. This money may very well not be available to many of us when we grow old.
As for protecting Social Security, Medicare and Medicaid, he robbed those coffers to make his deficit appear lower. To make the deficit "appear" lower, the Clinton administration "borrowed" from the Social Security Trust Fund, and borrowed big. The fund dried up years and years ago. Now they borrow directly from your FICA payments to make the deficit appear lower. Futhermore, Clinton dipped into the Federal Employees Retirement System (FERS) to help reduce the deficit.
Hillary Clinton continued to repeat the lie in her bid for president, frequently noting that her husband left the White House with the nation enjoying record budget surpluses that Bush has turned into record deficits.
If you used the same bogus math to do your taxes that the government uses to spend your taxes, you'd go to jail. If private sector trust funds were handled this way, those responsible would be behind bars.
When will we hold the government just as accountable in spending our taxes as they hold us in paying our taxes? This lying has to stop. The budget was NOT balanced during the Clinton years, and saying otherwise is both irresponsible and dangerous.
(more)Do you know why the Republicans let the Democrats get away with telling this lie?
Because they controlled Congress and voted in favor of this sh!t too.
Bill Clinton and Deficit Reduction
Bill Clinton claimed the deficit was reduced more than since the Civil War and that his balanced budget would protect Medicare, Medicaid, education and the environment.
On the surface it might appear he reduced the deficit, but the problem was the deceptive way Clinton accomplished this "sleight of hand" deficit reduction. It's called "cooking the books."
You see, the government keeps two sets of books... One set showed the rosy picture Clinton wanted to paint for the American public. The other set showed the actual mess that really existed for our national debt and deficit reduction. What President Clinton failed to say was his deficit-reduction package would run up almost 1$ trillion in federal debt. This is because the reported deficit does not include monies "borrowed" from trust funds. This despicable gimmick used by the White House and Congress to cover up the huge federal budget deficit was the looting of the Social Security Trust Fund, Medicaid, Civil Service and military retirements funds. This money may very well not be available to many of us when we grow old.
As for protecting Social Security, Medicare and Medicaid, he robbed those coffers to make his deficit appear lower. To make the deficit "appear" lower, the Clinton administration "borrowed" from the Social Security Trust Fund, and borrowed big. The fund dried up years and years ago. Now they borrow directly from your FICA payments to make the deficit appear lower. Futhermore, Clinton dipped into the Federal Employees Retirement System (FERS) to help reduce the deficit.
Hillary Clinton continued to repeat the lie in her bid for president, frequently noting that her husband left the White House with the nation enjoying record budget surpluses that Bush has turned into record deficits.
If you used the same bogus math to do your taxes that the government uses to spend your taxes, you'd go to jail. If private sector trust funds were handled this way, those responsible would be behind bars.
When will we hold the government just as accountable in spending our taxes as they hold us in paying our taxes? This lying has to stop. The budget was NOT balanced during the Clinton years, and saying otherwise is both irresponsible and dangerous.
But I agree, the money should not be forcibly taken from us. It should have been on a voluntary basis.
http://www.network-democracy....
14.1 What was the original intent of Social Security? What additional programs have been added?
The original intent of Social Security was to provide a monthly benefit for workers who retired at age 65 financed by contributions these workers made over their career. The program has expanded over the years by, among other changes, extending benefits to the retiree's family, the survivors of deceased workers, providing benefits for the disabled, allowing retirement at age 62,. and providing cost-of-living increases.
http://en.wikipedia.org/wiki/...
The original Social Security Act[1] (1935) and the current version of the Act, as amended[2] encompass several social welfare and social insurance programs. The larger and better known programs are:
• Federal Old-Age, Survivors, and Disability Insurance
• Unemployment benefits
• Temporary Assistance for Needy Families
• Health Insurance for Aged and Disabled (Medicare)
• Grants to States for Medical Assistance Programs (Medicaid)
• State Children's Health Insurance Program (SCHIP)
• Supplemental Security Income (SSI)
U.S. Social Security is a social insurance program funded through dedicated payroll taxes called F...
http://www.network-democracy....
14.1 What was the original intent of Social Security? What additional programs have been added?
The original intent of Social Security was to provide a monthly benefit for workers who retired at age 65 financed by contributions these workers made over their career. The program has expanded over the years by, among other changes, extending benefits to the retiree's family, the survivors of deceased workers, providing benefits for the disabled, allowing retirement at age 62,. and providing cost-of-living increases.
http://en.wikipedia.org/wiki/...
The original Social Security Act[1] (1935) and the current version of the Act, as amended[2] encompass several social welfare and social insurance programs. The larger and better known programs are:
• Federal Old-Age, Survivors, and Disability Insurance
• Unemployment benefits
• Temporary Assistance for Needy Families
• Health Insurance for Aged and Disabled (Medicare)
• Grants to States for Medical Assistance Programs (Medicaid)
• State Children's Health Insurance Program (SCHIP)
• Supplemental Security Income (SSI)
U.S. Social Security is a social insurance program funded through dedicated payroll taxes called Federal Insurance Contributions Act (FICA). Tax deposits are formally entrusted to[3] the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund. The main part of the program is sometimes abbreviated OASDI (Old Age, Survivors, and Disability Insurance) or RSDI (Retirement, Survivors, and Disability Insurance). When initially signed into law by President Franklin D. Roosevelt in 1935 as part of his New Deal, the term Social Security covered unemployment insurance as well. The term, in everyday speech, is used to refer only to the benefits for retirement, disability, survivorship, and death, which are the four main benefits provided by traditional private-sector pension plans.
In 2004 the U.S. Social Security system paid out almost $500 billion in benefits.[4] By dollars paid, the U.S. Social Security program is the largest government program in the world and the single greatest expenditure in the federal budget, with 20.8% for social security, compared to 20.5% for discretionary defense and 20.1% for Medicare/Medicaid.[5] Social Security is currently the largest social insurance program in the U.S., constituting 37% of government expenditure and 7% of the gross domestic product[6] and is currently estimated to keep roughly 40% of all Americans age 65 or older out of poverty.[7] The Social Security Administration is headquartered in Woodlawn, Maryland, just to the west of Baltimore.
Social Security privatization became a major political issue for more than three decades during the presidencies of Gerald Ford, Jimmy Carter, Ronald Reagan, George H. W. Bush, Bill Clinton, and George W. Bush.
History
A limited form of the Social Security program began as a measure to implement "social insurance" during the Great Depression of the 1930s, when poverty rates among senior citizens exceeded 50%.[8]
Creation: The Social Security Act
The Social Security Act was drafted by Gov. Robert Moran Jr.'s committee on economic security, under Frances Perkins, and passed by Congress as part of the New Deal. The act was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children. By signing this act on August 14, 1935, President Roosevelt became the first president to advocate the protection of the elderly.[10]
Provisions of the Act
The Act is formally cited as the Social Security Act, ch. 531, 49 Stat. 620, now codified as 42 U.S.C. ch.7. The Act provided benefits to retirees and the unemployed, and a lump-sum benefit at death. Payments to current retirees were (and continue to be) financed by a payroll tax on current workers' wages, half directly as a payroll tax and half paid by the employer. The act also allocated money to states to provide assistance to aged individuals (Title I), for unemployment insurance (Title III), Aid to Families with Dependent Children (Title IV), Maternal and Child Welfare (Title V), public health services (Title VI), and the blind (Title X).[10]
Controversy
Social Security was controversial when originally proposed, with one point of opposition being that it would cause a loss of jobs. However, proponents argued that there was in fact an advantage: it would encourage older workers to retire, thereby creating opportunities for younger people to find jobs, which would lower the unemployment rate.
I want my money back along with the money that all of my employers contributed on my behalf.... and I want it now!
So, the cost of publicly-run SS is 7% of the GDP. The cost of the mostly privately-run health care system is 17% of your GDP, vs. 8-10% in other rich countries, which all have universal health care. Why waste so much money?
1. Personal freedom
2. We can't afford it.
Social Security is BROKE.
Medicare is BROKE.
Medicaid is BROKE.
United States Post Office is BROKE.
Amtrak is BROKE.
The United States Government is BROKE.
(Interest on the National Debt is approximately $500,000,000/5 hundred million per day. There are currently approx. 300 million people in the U.S. That means each person needs to pay $1.67 per day just to pay the interest on the debt.) Yep! The U.S. is BROKE.
How can anyone, in their right mind, want to hand over something else for the U.S. Government to BREAK.
2) According to Paul Krugman, close to half the budget deficit is caused by the Bush-era tax cuts. Isn't time to review at least some of these tax cuts?
3) Universal health care is not just a form of "compassionate Conservatism (or Liberalism)", it is also far less expensive than your for-profit health care system, according to OECD statistics.
BTW...The $1.67 per day is per PERSON in the US...That includes all men, women, newborns, retirees who are among the 200 million people NOT in the work force. Based on the fact there are approximately 100 million workers in the US that means each worker pays over $5.00 per day just to cover the cost of the INTEREST. I don't know about you but paying $150. dollars a month in interest is not a way to get out of debt.
2) OECD stats are easy to find, if you have a problem, just let me know.
I'm waiting for legislation that will deny SS benefits to people who've paid into SS for decades but who have also built their own retirement portfolio.
To heck with crumbs, I'm going out for steak, medium well with a baked potato.
The Act has always provided benefits to retirees and the unemployed, and a lump-sum benefit at death. Payments to current retirees were (and continue to be) financed by a payroll tax on current workers' wages, half directly as a payroll tax and half paid by the employer.
Source
Just a note about the map. Let the map load, type in your zip code or state. Click on the little blue dots. There is a link at the bottom of each little box that will give full details of the Stimulus dispersement.
Now if I had 2 million input in to my small business I could create about 10 jobs maybe more and because it is an employment/placement company that would potentially put more people to work or at the least give a lot of people better jobs and include tax revenue and true economic stimulus.
Oh no you don't, Mister...There will be NO growth of capitalism during the Reign of Obama. ONLY government growth and government intervention shall prevail during the time of The One.
...*back to sanity*...
Your plan would never be accepted because IT WOULD WORK and BENEFIT the U.S. and AMERICANS. Obama and The Czars count on the fact that most Americans are unaware of the fact that government jobs, regardless of there being city, county, state and/or federal, do not add to the GDP of the US and GDP is what establishes the wealth of a nation.