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Topic:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor [Locked] |
Yukishiro1  Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
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No. SS is not much of the reason we have such huge deficits and debt over the past 30 years.
Medicare is a problem, although it's not much of a problem yet.
But yes, SS will need some minor tweaks over the next decade, and medicare will need some much larger ones.
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imaloon1  Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
Yukishiro1 posted:
What do you do with the people who opt out, squander their savings, and have nothing to live on in old age? Just let them starve?
There are literally hundreds of mechanisms in place to help those who are too stupid to help themselves.
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The time draws nearer to your fate
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
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And they don't have to pay for dumb seniors because dumb seniors get a SS check.
If you let people opt out of SS someone is going to have to pay for the millions of Americans who invest poorly and don't have enough to live on. SS isn't supposed to be a massive investment income, it's supposed to guarantee a basic level of benefits. If you change SS to be something else you'll just have to pay for them some other way.
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
Bobvillas posted:
Theoretically, Cumulative deficits from SS could add another 11.6 trillion to the public debt in 25 years.
This is not theoretically possible unless the law is changed so that SS can add to the deficit. Currently it cannot do that.
SS can use its surplus to buy Federal Debt. It can cover shortfalls by trading in that Debt for cash. This does not add or subtract from the debt, it only changes who is holding the note.
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Bobvillas Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
SS is the easiest argument to stand on.
Yes it is currently the best funded. (other than Unemployment Insurance)
Entitlement spending however as a whole is not.
And even SS needs to be reformed. As you have admitted.
The Social Security Administration projects that on our current path in three years we will be at a permanent negative cash flow. (Underfunded)
By 2022 it will be underfunded 100 Billion with a B.
Comparing it to medicare and medicaid it is much better off.
But that is still not good.
I hope our country can actually agree to make the changes that are going to impact all of us in order to right the current mess.
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"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos
http://fluffytit.mybrute.com |
Bobvillas Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
theredkay1 posted:
Bobvillas posted:
Theoretically, Cumulative deficits from SS could add another 11.6 trillion to the public debt in 25 years.
This is not theoretically possible unless the law is changed so that SS can add to the deficit. Currently it cannot do that.
SS can use its surplus to buy Federal Debt. It can cover shortfalls by trading in that Debt for cash. This does not add or subtract from the debt, it only changes who is holding the note.
It is theoretical and I don't feel like explaining it because really it is just a catch eye to get your attention. 
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"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos
http://fluffytit.mybrute.com
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
While we are at it why not talk about the theoretical possibility of SS having an eleventy trillion dollar surplus every year. Anything is possible if you use your imagination!  |
GrilledCheez Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
checks do make people lazier, more selective and less frantic. Believing otherwise is stupid.
The idea that "middle class" people receive a lot of gov't benefits should be more bothersome to people than the idea that the poor are. plus a comparison of benefits does ZERO to evaluate whether it's too much or not.
it just cracks me up the way any data point will be used to pound message. no matter how stupid it makes you look.
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Another word for expensive is successful.
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Bobvillas Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
theredkay1 posted:
While we are at it why not talk about the theoretical possibility of SS having an eleventy trillion dollar surplus every year. Anything is possible if you use your imagination!
Well since you want to go there here you go.
With a 26% longer life expectancy but a 3% increase in retirement age (Since Social Security was created in 1935 mind you), deficits from SS could add 11.6 Trillion (or 140%) to the public debt by 2037.
This is per the Congressional Budget Office.(CBO)
If you would like to disagree with them feel free to send your email.
I will continue to take their word over yours 
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"well honestly i didnt learn "jw" on the net i learned it from multiple females that have texted me. but keep on truckin broheim." Thorikos
http://fluffytit.mybrute.com
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:01am
Subject:
Most government benefits go to middle class, not poor - and very little goes to the lazy poor |
GrilledCheez posted:
The idea that "middle class" people receive a lot of gov't benefits should be more bothersome to people than the idea that the poor are.
I don't disagree. I think you are kinda confused about what you think I'm saying or not saying.
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