The headline should actually read, “Rick Perry Tells The Truth About Social Security”

Here is a man who would not take it anymore.  Here someone who stood up against the scum, the dogs, the filth. 

Some day a real rain will come and wash all the scum off the street.

Colby, he said that the idea that Social Security will be solvent by the time today’s young payers reach the age of eligibility is a monstrous lie, not that SS itself is a monstrous lie (as your headline states).

“It is a Ponzi scheme for these young people. The idea that they’re working and paying into Social Security today, that the current program is going to be there for them, is a lie,” Perry said. “It is a monstrous lie on this generation, and we can’t do that to them.”

That’s a big difference.

The system, as currently configured, is completely unsustainable and is already in the red a decade ahead of schedule.

As for Ponzi Scheme:

http://www.sec.gov/answers/ponzi.htm

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or
no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.

The only difference is that the government isn’t “soliciting” anything.

It just takes it.

To say SS is not a Ponzi scheme is just denying reality.

Yes. That’s what he said and he’s correct.  Thank you for reporting this truth.  Hopefully more journalists will report on the fact that SS is nothing but a ponzi scheme.  The big lie that is SS must be exposed.  Thanks again.

the headline should actually read:  ”rick perry wants to privatize social security”

(that’s worked out really well in the past, lol)

ok, taxi driver

facts about social security:

http://www.ssa.gov/pressoffice/basicfact.htm

Most telling:

By 2036, there will be almost twice as many older Americans as today — from 41.9 million today to 78.1 million.

There are currently 2.9 workers for each Social Security beneficiary. By 2036, there will be 2.1 workers for each beneficiary.

Darla dear.  If Social Security is receiving more each month than it is laying out then how come Obama just a few months ago said that he would not be sending out social security checks if the debt limit was not raised?

perry might have some explaining to do 

(yesterday)

“JACOBS: You talked about Social Security, can you clarify why you think Medicare is unconstitutional?

PERRY: I never said it was unconstitutional.JACOBS: Okay, so clarify your position on Medicare.PERRY: I look at Medicare just like I look at Social Security. They’re programs that aren’t working and we ought to have a national conversation about it. Those that have said that I said they’re unconstitutional, I’m going to have them read the book. That’s not what I said. I said that we need to have a conversation, how are we going to have programs that actually work.”

looks like you’re making an eloquent argument for tax increases

(with which i concur)

There should not be any SS. Each person should save for his own retirement as the government suggests, BTW, through IRAs and 401(k)s.

Well, when you pay none, an  increase is zero.

By definition, Perry is correct.

And?

So your position is that we should hold our fingers in our ears and stomp our feet and say “There is no problem, there is no problem?”

i understand, stonepark, you’d rather stick it to the poor and senior citizens than
raise taxes on large corporations and the uber-wealthy.

it’s a question of priorities.

i’m more concerned with those who are struggling to make it, and not with those
who are having an extraordinarily successful time.  

this is the line in the sand in american politics.

no, it’s a question of choices stonepark:

i would rather end the wars, dismantle homeland security, and increase taxes on the wealthy

you would rather do the opposite

it’s a matter or priorities:  yours lie in protecting the well-to-do; mine lie in protecting
the most vulnerable.

And when somebody proposes a solution or even having a conversation, call them names and accuse them of racism.

that’s not what he said just yesterday

(perry flip-flopped)

FACT: In 2010 Social Security started paying out more than it takes in.

That’s a Ponzi Scheme by defenition.

It’s an eloquent argument for reforming the system entirely.

That this flew over your head isn’t surprising, because your head appears to be firmly planted in President Government’s rump.

(and yet nobody has done that)

If it were a Democrat hailing Social Security as the greatest thing ever, Colby would write a headline like “(Insert Democrat’s name here) tells the EPIC truth”

If it were a Democrat hailing Social Security as the greatest thing ever, Colby would write a headline like “(Insert Democrat’s name here) tells the EPIC truth”

what do you mean by “reform the system”?

what do you mean by “reform the system”?

If he flip-flopped he should get a lot of Democrat votes.

that’s not a “ponzi scheme” by definition

you have no idea what you’re talking about

You are such a petty socialist. How is saving for one’s retirement sticking it to the poor and seniors?

You are truly a piece of liberal work!

I said Perry, by definition, is correct.  SS requires contributions knowing there will be insufficient funds to pay back the contributors at some point down the line; that’s the definition of a Ponzi scheme.

it’s “democratic” votes  not “democrat” votes

and your comment is a notch below retarded

Actually, it’s “democrat”, all votes are “democratic”.

so it looks like everyone here wants to privatize the one government program
that lifted 60% of seniors out of poverty, and insures all workers a decent
retirement

you know that the country has gone over-board right wing when there is talk like this

it’s total insanity.

i would rather go with bernie sanders’ plan of lifting the cap on payroll taxes to cover
the SS shortfall….and make sure that 60%+ of seniors don’t fall into poverty

You lose.

I am for people being responsible for their welfare; you are in favor of people being dependent on government and the success of others.

That is a truly sad way to exist.

No, you the one with no idea.

i’m sure i’ll get inevitable mindless blather:  ”why can’t grandma just move in?”

or “why can’t you just hire a 24/7 private nurse?”

clearly most of the commenters here are young, relatively affluent, and white

and have never struggled a day in their lives

and yet they cheer on endless wars (and yet never serve)

Who here mentioned privatization other than YOU, Darlaloon?

No way. That’s the typical selfish brutish right wing mentality

Speaking of endless wars, didn’t your hero Obama bomb both Pakistan and Libya without Congressional apporval?  Didn’t he triple down in Afghanistan, resulting in more U.S. troop casualties than Bush ever saw?

What military service was performed by Obama or Biden?

Raise the retirement age, raise the pay in, blammo FIXED!! But you selfish little teabag types just want to return us all to the glory days of 1789, when women didn’t vote and slavery existed so you can restore all our lost freedoms

Yes way- you are just another lib leech who wants to forever suck off the govt. teet!

You obviously didn’t read Good Lt’s post above you.

By the governments own definition:

“A Ponzi scheme is an investment fraud that involves the payment of
purported returns to existing investors from funds contributed by new
investors.”

It must be nice to live in a world where all facts are ignored.  It would be one thing to say that it’s fixable – which it is – but no, you just flat out deny.

You’re religious-like in your liberal belief. 

Reading can do wonders, Darladoon.  Start with that bastion of conservatism, The New York Times:

Social Security to See Payout Exceed Pay-In This Year
http://www.nytimes.com/2010/03/25/business/economy/25social.html

Such mindless tripe, another little con whining about media bias.

Such mindless tripe, another little con whining about media bias.

Good Lt. it is quite obvious that Dear Darla is not quite bright enough to figure it out.

Why did you Dems vote against the 13th, 14th, and 15th amendments and against the CRA of 1866, 1957 and 1960?

I love when lib race baiters weigh in.

No you selfish little reactionary. Just raise the retirement age then raise the pay in amounts and it is fixed. It is a simple actuarial math problem

That’s it lib- suck off the govt. teet. You are truly a loser lib.

Once you show DarlaLoon for the idiot it is, it disappears from the discussion.

Don’t forget, helps the disabled from living in the street

What is sad is listening to your ugly selfish lies. The people paid in, they should collect. Does it matter whether it is the government paying out or some private pension company? It is not like private pension plans have been frauds or failures either. I piss on your stupid redneck idol and his plans

What was finished by Bush or Cheney?

See, how it works?  She’s calling you a chicken hawk, not Obama and Biden

Another little con whining about non existent racism, like the DemKKKrats?. Here is a solution, raise the retirement age and the payments. End conversation

Like Bush before him, the President claims the AUMF passed by the Republican Congress, enables to use force in pakistan.

It’s so cute that the righties are peackeniks now

First off minorbrain most republicans support raising the retirement age which DummyWassermanSchultz has been ranting about.   Secondly, the radical gay liberals like you who have lived off the public dole their entire lives are the real selfish ones!

Yes, for one year it did.  And, it still has enough money to cover everyone until 2040.  Weird

They are wreckers, little selfish people who bought into the whole Rand mentality. Instead of fixing SS, they want to have their buddies on Wall Street handle it all as if they are totally honest and competent.

 The people paid in, they should collect”

Who says they can’t?

the system does not work, get the govt. out of it and let people save for their own retirement. I know people such as you aren’t smart enough to do their own saving and investing, so they can have a plan for benighted libs only!

BTW, it is obvious that you have disappointed more fat women than Jenny Craig.

WOW.  the first year it ever happened, in the middle of a 9% unemployment!  Who would have thunk?

How you get from A to B, ie that means the trillions of dollars they have in assets will never be paid out is where you lose any thinking person and the American electorate

Ding! Ding! Ding! Lib race-baiter!

Raise retirement age, means test, create and actually maintain a trust fund for SS rather than pretend there is one, etc.

You know – things that would make it solvent for future generations, while ensuring that Donal Trump and other millionaires don’t get checks simply becuase they didn’t die at a certain age.

That is simply not true.  There is absolutely no proof that SSA will fail to meet its obligations through the middle of the century. Prior to that time, certain minor fixes will delay that day until we rid ourselves of Boomers

No, my ugly selfish little man: The people worked and paid into SS, they deserve to collect. Only a total scumbag cheat would have a problem with that. Just raise the retirement age and the pay ins, and it is fixed.

Says the man supporting Al Gore’s Texas chairman

Means test and raise the age of eligibility. No raise in taxes.

take you medication.

Nobody is saying that, but your little teabag idols are not into fixing SS, they just want to destroy it.

Even cuter how the typically frothsome libs are a-ok with war as long as it’s being perpetuated by Obama.  Good Lord, we don’t want to waterboard someone but it’s ok to send in drones to wipe them out, along with their mothers, fathers, sisters, brothers, and children.  Liberal logic at its best!

people worked and paid into SS, they deserve to collect. ”

That’s funny? You just said you wanted to raise the retirement age- that’s taking money AWAY from those who paid in.

Which is it, child?

And, another person falls for Gingrich’s GOPac nomenclature.  Don’t forget that Gingrich advised y’all to emphasize the “rat” symbol.  Makes you wonder if Newt had more contempt for the idiots buying his Pac’s advice or the American people.  his later career as a grifter, seems to indicate he has remarkable contempt for everyone (especially wedding vows)

I think she’s saying if he says one thing one day and another the next, then he should probably be called on it.

 At least she has a head. Perry is not talking about reforming it, he is talking about ending it. I thought officers were supposed to be educated gentlemen, not common ignorant trash

This from the guy who wants to raise the retirement age and act as if that is not taking away money from those who paid into SS.

And Libya?  You forgot to justify bombing Libya.  Didn’t Obama say it would be “a matter of days, not weeks” over a month ago?

If that’s what you thin Social Security is, then you are a bigger idiot than I imagined.

It isn’t a ponzi scheme!

Keep believing that.

He can’t! His welfare check hasn’t arrived yet to pay for that and his Section 8 housing!

like i said, you’re more concerned with the well-to-do

i’m not.

i care about those who are struggling to make it

because i’m an actual patriot

you, on the other hand, are a traitor.  

You haven’t a clue who I support.

I am all for you people telling everyone that Perry is right.  please broadcast this far and wide

yeah, slightly higher tax rates on millionaires is soooooooo “sucking off the govnt teet”

we don’t even need to raise the retirement age

let’s just lift the cap on payroll taxes

And, that you’re wrong about it.  Minor fixes later (raising the cap to more than 105,000 for instance) will solve the problem and we won’t have to live like the banana republic your reactionary, union-hating ass wishes to live in

when you’re describing the type of vote, it’s “democratic”

when you’re describing the type of vote, it’s “democratic”

Darla, in my mind what makes it a ponzi scheme is the fact that the fund should have some $2.5 trillion dollars set aside….  but it has nothing other than some federal securities that are not marketable…  the Fund’s funds have been long spent…  so the government has to incur new debt to pay current and future liabilities while on balance sheets it shows it has this non-existant huge sum of money…  Doesn’t that look a little bit like a ponzi scheme to you?  Is it really that much different than what Madoff did?

Darla, in my mind what makes it a ponzi scheme is the fact that the fund should have some $2.5 trillion dollars set aside….  but it has nothing other than some federal securities that are not marketable…  the Fund’s funds have been long spent…  so the government has to incur new debt to pay current and future liabilities while on balance sheets it shows it has this non-existant huge sum of money…  Doesn’t that look a little bit like a ponzi scheme to you?  Is it really that much different than what Madoff did?

Sorry if the news is slow in your parts, but all the racists switched over to the GOP or teaparty decades ago  while the selfish little know nothings like you drove out all the enlightened GOP types you call  RINOS. My point had nothing to do with race.

Because the democrats were not liberals then and represented the Southern, moronic conservatives whom you love.  Your lack of knowledge about Nixon’s Southern Strategy stands as a basic failure to learn anything more than you learn listening to Limbaugh

and in your world, do we all have unicorns and candy cane ladders?

And just where did she show that? He didn’t say anything in the statement she posted that was contradicted in the video above.

It needs to change, whether you like it or not! Even Obama knows that!

Because, and I’ll write it slowly, ’cause I know you don’t read well, not everyone is you.  not everyone has a job where they CAN save for retirement, since they are already poor.

Get some perspective on life in Reagan’s America and how little most people make and stop imaging everyone is in your exact shoes

There are no trillions of dollars in assetts that is the whole point…  it was spent years ago as it was transfered to the general fund…  Now you can say that was not fair and that it should be paid back, you can even point to the strange little treasury instruments that were created specifically for the thieft…  but the reality is is that those securities are pretty much worthless. 

DarlaLoon says, “when you’re describing the type of vote, it’s “democratic”"

Says you.  Following your logic, when your describing a vote for Perry, will it be a republic vote?

You a patriot?

You are a leech that sucks the very life blood from America. It’s all about what the govt can give you and your lazy lib blood suckers.

Get a damn job and provide for yourself. MG, what a bunch of sissy cowards libs are.

 You are truly a classic con. Guess what, you low class piece of talk radio programmed trash, I am not gay, do not live off the dole, and  pay into SS! Btu why let a few facts like that interrupt your dittohead rant?

Finally, your total lack of any class is exemplified by your cheap insult leveled against Ms. Wasserman-Schultz , It actually might make you sound a little more intelligent and adult if you used her proper name, But since you screen name is Obama Sux, your ugly mentality is a given

The trillions come from Medicares 38 TRILLION dollar short fall.

In 5 years Medicare will fall short 52 TRILLION dollars.

Yes, Social Security can be tinkered with – raise the age, means testing, etc.  But our entitlements are bankrupting us.  Both parties had a hand in creating this, but for now I only see one party who are even offering solutions.

And please liberals, please tell me why it’s good to tax rich people but it’s bad to means test for Social Security.  

Poor timb- have the Dem millionaires like Pelosis, Reid, Harmon, Feinstein and others provide you with the liberal utopia: a “lazy -fair” economy where the govt. pays for people to sit on their arses.

Please quote that portion of the Constitution that says the govt. will provide for one’s retirement?

It’s called a job. You ought to try it sometime.

LOL  Darla, I too would like to end the wars… and would even go along with the wealthy paying a little more in taxes if we could agree to a complete overhaul of the tax codes…  and probably hate homeland security more than you do…  it is a direct frontal assult on our civil rights…    As far as protecting the most vulnerable…  what one thing could you do for them that would help them more than build a thriving economy?

Darla
They have redefined destroy to mean reform. It is so difficult to argue with folks who change the meaning of words at will

but all the racists switched over to the GOP or teaparty decades ago ”

Nice lie. All the Deixiecrates remained Dems except 2!

Got more lies!

the fact is the Dems were on the wrong side of EVERY CR bill!

And MLK marched during Dem administration!

Perry,

The reality is…what you said..our voted in politicians stole the money for general funds and if it had been used for the future and protected.. it would still be solvent..especialy if backed by gold..;)

so now it has become a scheme.. and is still owed as an entitlement we paid “extra” for in taxes all our lives no matter what the Supreme Courts have ruled! That was the purpose sold to the people as the extra tax “back then” .. bastards!! lol

The reality is…what you said..our voted in politicians stole the money for general funds and if it had been used for the future and protected.. it would still be solvent..especialy if backed by gold..;)

so now it has become a scheme.. and is still owed as an entitlement we paid “extra” for in taxes all our lives no matter what the Supreme Courts have ruled! That was the purpose sold to the people as the extra tax “back then” .. bastards!! lol

 Yeah, lets kill off those leaches who think they have a right to collect SS when they are old! They aren’t real Americans like the badass message board cons such as you and ObamaSux anyways, so they should leave the US or die.

This is the typical right wing response to any question of racism, Remind people of the old Dixiecrats then go on about MLK was a registered Republican, but more to the left of Obama.
Funny how all those racist southern states are solid GOP now. Like SC where they still fly the confederate flag over the state capitol or MS where they wanted to make General Forrest’s, the founder of the KKK, birthday a state holiday.

LOL

Southern strategy?

You are truly a lib joke who spews nothing but lib TPs.

The fact is when Nixon ran against Humphrey and Wallace  in ’68, the South was voting with Wallace. Towards the end, the polls showed  Nixon at 42% Humphrey at 29% and Wallace at 22%.

On election day, polls showed Nixon at 43.4%, barely changed, and Wallace’s had dropped to 13.5%.

Where did the Wallace votes go? To HHH- he was then at 42.7%!!!!!!!!!!!!!!!!!!!!

And what happened in 1976? The South went back to the Dems with Carter! Yes, the racist’s in the SOUTH voted for Carter! LOL

Then in 1980 and 1984 , suddenly the South became racist again for voting for Reagan?

LOL

You fail on every level!

 I guess crazy to some teabagger like you is someone who doesn’t buy into your low brow rubbish

Read what a ponzi scheme is before you spew your lies and unsurpassed ignorance.

But not nearly as big an ignoramus as you. In are in a class by yourself!

Hey selfish right wing pig, guess what, I do not live off the dole, and pay into SS too! But why let a few facts like that interrupt your d(sh)ittohead rant?

Besides, you stupid selfish little man, even if I was on the dole, I could always get medications if I had Medicaid

Finally,how does it feel that to sound like a 21 century version of Archie Bunker?

Like SC where they still fly the confederate flag over the state capitol ”

Passed by a bill signed into law  by the Dem Gov. of SC Fritz Hollings!

What he says and what he does are two different things Darla. I wouldn’t worry to much he’s playing to his base right now they always do this crap. If he wins the nomination watch as he swings back into the center. If he doesn’t he will lose big time. And if he somehow gets in congress will block any move to privatize ssn just like they did under Bush.

Yes, look to the govt. to take care of ya- the lib motto!

“Ask not what you can do for your country, ask what your country can do for you.”

 You raise it slowly, so people who are 55 and up can retire at 65, Now not only am I a racist, according to a common dittohead like you, but a thief too, as well as collecting welfare? Got anymore false allegations?

Oh and the market is up 236 points today I blame Obama for this lol :)

Sorry if the news is slow in your parts minorbrain but all Real Americans switched over to the GOP decades ago while the Democrat party was taken over by people who have a deep hatred of America.  Most especially the head of the party who has said “I have never been proud to be an American” and his mentor says “God Damn America”.

I shouldn’t even bother to defend myself against your cheap accusation. I know that talk radio dimwits like you have a limited repertoire of memes and labels, But since you were running your mouth earlier about all the racists in the old Democratic Party, why should you object to my line? I wasn’t calling anyone a racist, you dishonest little man.

Here is the facts. Perry originally called SS unconstitutional and wanted to abolish it. Now he reduces that  to calling it a Ponzi Scheme. If is a Ponzi Scheme, then where is the Madoff running it? So why should anyone look to him for a solution? Solutions take bipartisan support, intellect and compromise; things ouside the ken of him and his foolish supporters.

Libya sure ended a lot sooner and with no US deaths, compare that to Iraq. Our side won, but you are now whining.

 Same as Palin, Bachmann, Perry, W, Cheney

 I want to fix it, you want to end it, so you point reeks of the worst hypocrisy!

 yeah, like decades ago. So why haven’t your teabag GOP heroes rescinded the law since they control the whole show there now? After all, you were the one running your mouth about all the Demokkrat racists while holding your side up as authentic anti racists? Do you think if Obama types were running SC now, that slave rebel flag would still be flying?

Once again, you either deliberately missed my point or are just a stupid little man only good at spitting out a fact here and there. The South went from being almost 100% Democratic controlled, as in US congressmen, senators and state governments, to mostly GOP today. That is my point, so go shove your nonsense. And the heart of Dixie and the Secession, South Carolina, is a jewel of GOP control.

 That is a lie, you are no more a real American than any Democrat or others. You are just so low class and jingoistic that you confuse your knee-jerk ignorant backwardness with patriotism. When you wrap yourself up with the flag, you defile it.

 You truly are a low class ignorant person. My above comment was not meant to be a racial indictment, But since you took it as one. then I must have hit a nerve somewhere.

The headline should actually read, “Rick Perry & his Fans Want to Trash SS No Matter What Rick Said Today” 

And our involvement was over in days and not weeks.  Or, did you miss the absence of US missions over Libya and the absence of dead and wounded American troops?

Still, let’s be clear about one thing, obama’s claim to not need Congressional action was bull—t.  He should have

You act like it’s a choice to believe when the same news article which reported the shortfall (as reported by SSA actuaries) also contains the solvency language.  Numbers aren’t about belief or un-belief

Even better, I don’t care.

Except that if you had in your possession trillions of dollars of US bonds, you’d be a trillionaire.  When SSA has, you say they have nothing.  Maroon, Florida, you are a maroon

The reason to not means test for SSA is so that everyone has a stake in the program, so that rich people don’t bitch about who receives and who does not, because everyone does.

It’s not like that reason is super secret

The Dixiecrats who became Republicans?  that’s strange.  it’s almost like you are saying the Dixiecrat nominee for President in ’48 was Strom Thurmond, who later became an icon as a Republican Senator.

Still, he doesn’t remember that part from history, you know, the fact that HE is in the party with the people who opposed the Civil Rights Acts, Affirmative Action, etc

So, just so I know, the South was not the home of racism? Just to be clear and all.  And, again, to be clear, Tennessee, South Carolina, North Carolina, Virginia, and Florida, who all voted for Nixon in ’68 are not parts of the South?  And, in 72, when every Southern state voted for Nixon, they weren’t Southern?

Wikipedia notes this about the Southener Carter’s win in ’76 “Carter was the first Democrat since John F. Kennedy in 1960 to carry the states of the Deep South, and the first since Lyndon Johnson in 1964 to carry an unquestionable majority of southern states.”

Sounds like it worked to me….but what do I know.  I’ll let former RNC head Ken Mehlman’s apology for using the Southern Strategy speak for me

http://www.usatoday.com/news/washington/2005-07-14-GOP-racial-politics_x.htm

Republican National Committee Chairman Ken Mehlman apologized to one of
the nation’s largest black civil rights groups Thursday, saying
Republicans had not done enough to court blacks in the past and had
exploited racial strife to court white voters, particularly in the
South.

“Some Republicans gave up on winning the
African-American vote, looking the other way or trying to benefit
politically from racial polarization,” Mehlman said at the annual
convention of the National Association for the Advancement of Colored
People. “I am here today as the Republican chairman to tell you we were
wrong.”

Mehlman’s apology to the NAACP at the group’s
convention in Milwaukee marked the first time a top Republican Party
leader has denounced the so-called Southern Strategy employed by Richard
Nixon and other Republicans to peel away white voters in what was then
the heavily Democratic South. Beginning in the mid-1960s, Republicans
encouraged disaffected Southern white voters to vote Republican by
blaming pro-civil rights Democrats for racial unrest and other racial
problems.

Al Gore was the cool, calm, and collected candidate in 2000?

Were these people drunk during that campaign?

The Madoff running it is every politician who went along with stealing the money out of the trust fund for general government expenditures.

Does that help?

Should I use crayons?

Let’s not forget Howard Dean…  YeeeeeeeeeeeeehhhhaaaaaaaaaaawwwwwwwwwwwwWWWWWWW

Finally, someone is telling the truth!

I watched NatGeo’s interview with GWB last night and remarked to my husband, “I’m voting for Perry.  I want and we need another ass kicking Texan in charge!”

Yes, it’s helped seniors for years, and helped bankrupt the country and is totally unsustainable.

It’s total insanity. It has to be fundamentally changed. It is a ponzi scheme.

Admit the truth. The truth will set you free.

What’s the long term trend, genius? The stock market is sitting about where it was in 2000. And it’s headed on a downward trajectory. That ain’t good.

So let’s just tinker with it or not do anything and keep this ponzi scheme going.

Sargent Schultz agrees with you.

 It’s not that people don’t sympathize with the poor and elderly. The problem is that every paycheck, young people lose money into a plan, one where they will never get paid out. I’m tired of getting robbed every paycheck when I have my own finances and retirement to worry about.

Social Security can only survive in the long run the way you want it to, as a welfare program for very poor seniors. It is, and will continue to be just another kind of income tax. The trust fund is a scam.

 Yep. SS is going insolvent, but we still have to pay into it. The youth will never see a return on their coerced investment. And of course congress will keep spending the money elsewhere. Like 3 wars, healthcare, ect.

Timb116 says; Except that if you had in your possession trillions of dollars of US bonds, you’d be a trillionaire.  When SSA has, you say they have nothing.  Maroon, Florida, you are a maroon  What the brilliant economist Mr. Timb116 seems to fail to understand is that the securities that the Social Security Fund holds are not marketable making them little more than fancy IOU’s.  Now if let’s say Apple computer did something like this with a pension fund they would have all their asses thrown in jail…  but somehow Mr. Timb116 seems perfectly ok with the idea of the government taking our retirement fund and leaving a worthless IOU behind, a marker so to speak so that as the fund produces it accounting statements it can tell little Timmy that there is money there and he will actually believe them… Poor little Timmy never realized that his government has lied to him all these years….

Perry was an Air Force pilot. Check your facts before you spew.

The lefties like to make believe that NATO is not the U.S.

NATO is the U.S.

Our European partners spent all their money on entitlement programs and are basically impotent for any long-term conflict with out the U.S.

Killing by pushing buttons so you don’t have to get blood on your hands is moral, while doing it face to face isn’t, for a lefty.

Killing by pushing buttons so you don’t have to get blood on your hands is moral, while doing it face to face isn’t, for a lefty.

Bwaaaahahahahahahaha!

What money?

There is no money. It’s all borrowed money. The trust fund was stolen years ago for regular expenditures.

Get a clue.

The numbers are I.O.U’s you idiot. The trust fund has no cash. It was stolen years ago. The feds put their own I.O.U.s in the trust fund. How much of a dolt can you be?

not my choice Lemming but thats what will happen. GO ahead listen to your foolish candidates then be disappointed in how they run to the center, I don’t care. But thats whats gonna happen.

That’s exactly what Madoff did.

FIRST: All it took was one fleeting comment from Rick Perry in slapping down bailout bernanke for his irresponsible, reckless, treasonous devaluation of the dollar in QE1 and QE2 (which Perry delivered WITHOUT having to read it from an idiot-box teleprompter), and Perry succeeded in doing more for Americans struggling under the failed policies of NO-PLAN OBOZO  (by stopping the inflation-generating QE3) than obozo has done for ANY American his entire life – including his 2.5 years as the WORST PRESIDENT OF MODERN AMERICA.

Bravo, Perry !!!!

NEXT: The project pioneered by then-governor Sarah Palin, the Keystone XL Pipeline, which will create 20,000 construction jobs, plus another 350,000 ancillary jobs and will not only significantly reduce US imports of oil from the Middle East and Latin America, but it will also help open up huge new oil resources in the United States by providing the confidence to develop oil reserves in the Rocky Mountain region, is READY FOR FINAL APPROVAL but the eco-nut extremists are demanding that their d-cRAT socialist puppet NO-PLAN OBOZO STOP its construction.

 Bravo, Palin !!!!

It should now be very, very clear to ALL Americans who is on their side and working for America, and who is trying to destroy them and our country.  Vote accordingly in Nov. 2012.

Hmmm market was around 7500 when Obama took office you have an interesting definition of downward trend.

There are no assets! They are I.O.U.’s. And for the government to pay off those I.O.U.’s they have to borrow more and more money because they cannot cover them with the money coming in from SS withholdings. And it’s going to get way worse. Get a clue.

Timby. If you were in posession of those trillions of dollars in bonds you would not be a trillionaire, because you wouldn’t be able to come close to selling them if you wanted. You’d get 10 cents on the dollar if you tried to dump them early, if even that.

The only proof, is Math. This nation isn’t going to survive financially or economically the way we are going. Keep living in a fantasy world.

If that’s what happens, we go bankrupt.

No, I have a factual assessment of the trend. It’s at 2000 levels. That’s 11 years ago, if you can’t add.

lol but up since Obama took office

Well if thats what you think then we go bankrupt. I feel bad for you if you are under any illusion that ssn will be privatized. All of these clowns always say that. Bush attempted to do a little and got shot down by both parties. Its gonna be your disappointment not mine.

I’m so tired of hearing about “sticking it to the poor” every time entitlement reform is discussed. Even worse is the “(fill in the blank) on the backs of the most vulnerable!” — What a load of crap. We don’t need to tax anyone more we just need to spend less. But Hussein and his cronies will never do that because they believe in the un-American concept of income redistribution AKA “Social Justice AKA Stealing.

Inside. I don’t care if privatization is part of the fix, or not. But it has to be fixed and made sustainable without bankrupting the country, or it needs scrapped and replaced. Something needs done.

 Raise the pay in. including eliminating the cut off level, Raise the retirement age, Then it is fixed.

 Another right wing fathead who labels anything he disagrees with “un American” Time for some new material. SS has been around for over 70 years, but now it is un American?

 You accuse me of being a welfare leach, a racist then deny the South is mainly GOP, but I am the liar.

Just because some cowboy panders to you with a swagger doesn’t mean he’s telling you the truth.

We already had one fake cowboy try to kick in the door of Iraq, and we lost a lot of good people so he could look tough.

Oregon_conservative, maybe you should begin to look for more than someone acts like your favorite movie stars.

No. Your “proof” speaks volumes

A Ponzi scheme is defined as an investment scam in which money is never really invested.  Instead money from the new “investors” is used to pay off old “investors.”   Meanwhile total future liabilities grow and grow with insufficient funds available to pay them off. 

This is precisely the kind of accounting Washington D.C. uses to manage Social Security.  It is a retirement plan in which money has never been invested.  If a private pension plan did this, the people running it would be thrown in prison. 

Hence the use of the term “Ponzi schem” is quite appropriate in describing Social Security. 

So a social program that is solvent and can remain solvent for many years to come with a few fixes promising modest returns is the same as a ponzi scheme which promises extraordinary returns and hence insolvent by it’s very nature. 

So a social program that is solvent and can remain solvent for many years to come with a few fixes promising modest returns is the same as a ponzi scheme which promises extraordinary returns and hence insolvent by it’s very nature. 

Saying that Texans wouldn’t be kind to Bernake, in that one
Statement, HELPED Americans?

HUH?

What does that even mean? Or did your run on sentence get the best of you?

HILARIOUS post though

apparently, not as big a one as you are, since I understand what a government bond is and no conservative on this board does

Moron, all the Fed has to do to pay government bonds, in extremis, is print the money to do so

In case you don’t get it, the government decides what the money supply is and can pay the bonds if they wish….I mean, unless the 19th century-ites here get their way and return us to the gold standard.

It’s too bad your stupid predictions, mouthed by your Republican bettors and swallowed and burped up by you, is a bland assertion with no evidence in fact or history and, THE BEST PART, is that it will forgotten the second a Republican President is sworn in and the debt and deficit are forgotten by you chuckleheads until the next Dem wins the President

yes they will

yes they will

Like the healthcare that is paid for and the CBO showed would slow the growth of costs and shrink the deficit?

He said the racists switched.  We know you and Palin and Hannity refer to them as “real” americans and we get what you mean

And those conservative Democrats left the Democratic Party to join the Republican Party in the 70′s and 80′s.  Cases in point:  Helms, Thurmond, Robert Stacy McCain, Trent Lott, Haley Barbour

In American politics, the Southern strategy refers to the late-20th century Republican Party strategy of winning elections in Southern states by exploiting anti-African American racism among Southern white voters and appealing to states’ rights. Though the “Solid South” had been a longtime Democratic Party stronghold due to the Democratic Party’s defense of slavery prior to the American Civil War and segregation for a century thereafter, many white Southern Democrats left the party following the African-American Civil Rights Movement, the passage of the Civil Rights Act of 1964 and Voting Rights Act of 1965, and desegregation.

The strategy was first adopted under future Republican President Richard Nixon in the late 1960s and continued through the latter decades of the 20th century under presidents Ronald Reagan and George H. W. Bush.[1] The strategy was successful in achieving its goals; it led to the electoral realignment
of Southern states to the Republican Party, but at the expense of
losing more than 90 percent of black voters to the Democratic Party. As
the 20th century came to a close, the Republican Party began trying to
appeal again to black voters, though with little success.[1] During the 2000s decade, Republican National Committee Chairman Ken Mehlman formally apologized for his party’s use of the Southern Strategy in the previous century. Michael Steele served as the party’s first African-American chairman from January 2009-January 2011.

“I think that [Southernization]’s absolutely over,” said Thomas Schaller, a political scientist at the University of Maryland,
who argued prophetically that the Democrats could win national
elections without the South. He noted that the Republicans had become “a
Southernized party.”[33]

“Merle Black, an expert on the region’s politics at Emory University in Atlanta, said the Republican Party went too far in appealing to the South, alienating voters elsewhere.”[3

Yep the whole thing is just made up, racial apologist

In 2000? Dean? Huh?

Do you really believe that?

It’s never been done before. Social Security has always been completely controlled and managed by the Feds. Possibly the only good thing Dubya tried to do in his 8 years, and he failed at that, too.

If people want the Feds to manage their retirement funds, I say, let ‘em. But those of us who want to put our retirement in a place where the Government can’t put its greedy hands shouldn’t be forced into forking over our life-savings to a bunch of wasteful-spenders.

Bernie Madoff went to prison (rightly, so) for doing EXACTLY what the Feds do, except they do it under the premise of “compassion” so it’s okay for them to do it. 

Why wouldn’t I or anyone else.  The CBO scored the bill, the bill was under paygo…..to believe otherwise is to listen to talk shows and read the Wall Street Editorial Page.

No matter how you people claim this is true; it remains untrue

Yes, threatening harm to Federal officials, reminiscent of George Wallace and friends, is now the height of GOP policy making

I’m sure the crazy know nothing who read your post and are divorced from reality enough to accept it, will vote accordingly.  Of course, they would have been voting for the most conservative Republican anyway, but still….quite the fact-free call to arms.

yeah, that worked great last time.  The last guy created fewer jobs in 8 years than Carter did in 4.

FedUp is not connected to facts

God, lemmings is stupid.  He just keeps repeating the same bs over and over again

SS reform isn’t even popular amongst Tea Partiers.  Perry needs to talk about this more and loudly

no, we won’t.  You keep saying it, but that doesn’t make it true

Educate yourself.  If a private company ran its pension plans this way, the execs would go to prison.  If an investment manger ran an investment fund this, he would go to prison.  And the charge would be running a Ponzi scheme.  That is precisely the definition here.  

He knows ODS and it’s all he has

Your comment makes no sense.  Social Security hasn’t been privatized.  So we are stuck with an insolvent Ponzi scheme.  

And, he doesn’t even have to do that.  Increasing the cap rate to around 135,000 would help immesely

Where is the Madoff running it?

Uh, in the Oval Office.  That is, when he isn’t on vacation or playing golf.

NATO is the US.  Apparently, lemmings knows as much about geography as he does government financing

You’re absolutely right.  To say that Social Security has enough money to last until 2040.  Is like saying you’re wealthy so long as you haven’t yet maxed out on your credit card.

Total unfunded future liabilities from Social Security and Medicare are more than $100 trillion dollars.   That’s right,  more than $100 trillion dollars.  This makes Bernie Madoff look the Avon lady by comparison. 

yeah, ’cause the estimated 90,000 plus civilians who died in Iraq are testament to the beauty of face  to face fighting….as well as, the 4000+ dead Americans.  Want to watch that Wikileaks helicopter gunship video again?  looks like plenty of people pushed a button then too

 ”Just want to return us all to the glory days of 1789, when women didn’t vote and slavery.”

You must be talking about the Democrats, who viciously opposed the Republicans — who took the lead in abolishing slavery and giving women the vote. 

The Democrats have never been in favor of equality — not a single day in the party’s history.  Until 50 years ago, Democrats wanted to give white people preferential treatment versus blacks.  And then the party flip-flopped to wanting to give black people preferential treatment over whites.  There wasn’t a single day that a majority of Democrats would have voted for a law in Congress to give equal protection to all people without regard to skin color.  The Republican have always to taken the lead in fighting for equal rights for all. 

The millionth time this bs has been repeated on this page with no proof, just old white guy, libertarian nonsense.  Accepted by faith with no evidence

I repeat, if a businessman did what the government is doing for Social Security, he would go to prison for running a Ponzi scheme.   That would be the precise charge.  All the liberal jawboning in the world doesn’t change that simple fact.  

Here’s the legal definition of a Ponzi scheme:  “A fraudulent investment plan in which the investments of later investors are used to pay earlier investors.”This is precisely how people’s Social Security retirement money is “invested.”  As you well know, it is never invested, and simply used to cover current Social Security payments.  A pension plan manager would not be allowed to do this — and would, in fact, be sent to prison for running a Ponzi scheme.  Perry’s choice of words here is exactly correct.  In fact, you couldn’t come up with a more concise and precise way of describing the Social Security system. 

That’s a real convincing rebuttal. LOLOLOLOLOL!

Madoff wouldn’t be in prison right now if he had been running the SS Trust Fund.

Your rebuttals are just on fire tonight. LOLOLOLOLOL!

Why do lefties call facts, BS?

Please tell us where all the cash for the trust fund is.

Waiting…..waiting……waiting

Since Timb116 is thick as a brick, I’ll try one more time to simplify things for him.

Hey Timmy. Bonds are not cash. Do you know anything?

The government takes the cash that should go into the trust fund, buys
it’s own bonds with that money or with other borrowed money, or with
printed money, and puts the bonds in the trust fund, while spending the cash with the general funds.

And what will they
do when those bonds come due? They take more cash that should go into
the trust fund, pay off the bonds that are due back to themselves, and
then write new bonds for the money they already spent. But since they
don’t have nearly enough money to cover all the bonds that are due, they
borrow more money from themselves, or print more money, thus devaluing
the currency.

A Ponzi scheme.

O.K. Timmy. Let’s hear one of your brilliant retorts where you give no evidence whatsoever you know what you’re talking about.

True, if a businessman issued his own bonds, that would be illegal.  When the government does it, it’s called currency

As opposed to your claims that the Social Security Board of Trustees, the Congress, and the Federal Reserve have all missed your stupid claims.  You libertarian morons are the ones who know — secretly — what is up

In the Social Security trust fund

Tim,

Because the securities are not marketable to the public as they

The trust funds run surpluses in that the amount paid in by current
workers is more than the amount paid out to current beneficiaries. These
surpluses are given to the U.S. Treasury
(and thus become part of the general federal budget) in exchange for
special U.S. government securities, which are deposited into the trust
funds. If the trust funds begin running deficits, meaning more in
benefits are paid out than contributions paid in, the Social Security
Administration is empowered to redeem the securities and use those funds
to cover the deficit.

The ABSOLUTELY best article I’ve read in ages……
—–

Political Messiahs in Tailored Suits

[[[http://sultanknish.blogspot.com/2011/08/political-messiahs-in-tailored-suits.html]]]

Just do some research Tim you don’t have to take my word for it there is plenty of information out there on Social Security..  the little clip below you pasted was from the Senate web-site so yes their information is very generic…  the reason that I gave you that link was so that you could confirm from a trusted site what I was saying about the funds treasuries not being marketable…

What the government has done is dishonest…as the money has been spent and new debt must be created to repay it is is the same as if the money was never there at all…  the fund had to be subsidized by the general fund last year, and will probably have to continue that way until the economy recovers… it was projected to not have to do that until 2021 at which time that will be how the fund will be funded on a regular basis.. 

Republicans are not calling for the destruction of Social Security, but they are asking for Washington to put it on better footing as it is not going to be here for long if nothing is done….  Medicare is in even worse shape…  the information is all out there and from so many sources I am sure that you can find some non biased sources that you can trust…  but please not huffpo and such, look to government sites like the CBO of GAO..

StonerPark is probably living on some healthy social security right now.  

They just have to raise the Social Security cap. Problem solved.  

This is how to lose an election very easily. Threatening to SS and MC is just dumb. How do you think the folks who have been contributing to it throughout their lives would feel about it, or their offspring who would take care of them? Keep digging guys, I know its good for the primary, but it’ll come back to hunt ya in the General.

Or read the 03/11 CBO Update Analysis to find Obamacare is estimated to cost an additional $90 billion due to the accounting gimmicks written into the bill.  Not only that, it will go higher due to the fact that companion bills have to be written and passed, the big kahuna was only the beginning.  To get Obamacare passed it had to be broken up, the other shoe will drop unless things change in the OO and Congress and I think they will.

great point, but Colby’s intent was to mislead, not to be accurate.  As you say, it’s clear that the ponzi scheme and ‘monstrous lie’  is because the program, in its current state, will be insolvent by around 2050 (much earlier if the recession really does endure through 2014 as the fed projects.  I feel like this is likely how the media in Greece and the UK must have covered their debt issues in past years. You can’t just have a blind and misleading politicians, you really need the press to mislead the people to ignore the truth-sayers.   Same thing with the US economy in 2008,  Anyone who says the housing bubble and debt issues were a surprised is lying.  The media ignored it, business ignored it.  The numbers didn’t add up, and anyone who questioned it was mocked and ostracized.  

I’ll wait breathlessly to the cite to the actual CBO report on this….

You know, Rio, as Mr. Tea party, you certainly just seem like another generic member of the Republican base to me.

So why would you oppose a replacement for the current SS system that would allow:
- Your deposited money to earn interest or to be invested and grown?
- Your deposited money passed on to your children if you die early or before it’s depleted?

I’ve been paying into SS for 25 years.  My account has grown only as I deposit, there is no other avenue for growth.  And actually it is worth less and less everyday that our gov’t prints new money.

I have no problem with the idea that we should be obligated to put money away for our well being later in life.  But we need more choice and more control than we have now, period.

Dims (D) raided the SS trust fund and it truly has been a ponzi ever since.

timb, “not everyone has a job where the CAN save for retirement”.  If they have a job at all, SS is being deducted.  So they do have funds that are going to retirement.  They need better options for where those funds go.  They need to be able to grow those funds at a rate greater than just their deposits.  They need to be able to leave unused funds to their families.  How is this so hard for you to grasp?

To all those people who believe Social Security (SS) is some form of welfare or Socialism, may I point out that SS is an insurance program that all workers pay into at 6 1/2%. Employer’s pay another 6 1/2%.

 In other words SS is not an entitlement, but an earned benefit — a form of delay compensation.

Again,  something worker’s earn.

And for the record, if you want to make SS solvent forever, just remove the cap on the payroll tax (now in the neighborhood of $100,000 dollars) and make the guy earning 4 million a year pay on every dollar,  just like the working stiff who makes $40,000 a year pays on EVERY dollars he earns.

Simple fairness, really.  

Finally, SS is the most successful anti-poverty program in the history of the world and the only reason it is having any problems is that Republicans barrow from it to pay for things like tax cuts to the wealthy.

Which amounts to Socialism for the Rich.

Poor Rick Perry, he seems to have the Republican
Caucus clapping their hands, believing they have their man for their President,
the problem is; the Caucus is only a small part of the group of voters which
have the final word, not all Evangelicals have a collection box, some need and
pay into Social Security and many are very near ready to collect their share.
It is quite a dance trying to convince people to give up what they worked for
all their life. He is trying, like the first George Bush and candidate McGovern
did, ‘Read my lips, No more Social Security”. Yep! That is naive. He would
be better off to say; He will organize and establish a new agency of our
Federal Government and call them “Oil Drillers for Government Revenue
Only” and all profits go to Our Government to help grow the economy
instead of allowing Industry to badger Our Government financially along with
all her citizens not to mention the discourse springing up all around the world
from the fallout over who is going to run Government.

Look no further than the depleted retirement accounts after the crash in 2008.

Is there a better description of SS than a government controlled Ponzi scheme?

“Let’s face it: Uncle Sam has a poor track record of forecasting how
much new programs will cost. Medicare’s progenitors, for example, stated in 1967
that the entitlement would cost $12 billion by 1990. Actual Medicare spending in
1990 amounted to $110 billion or nearly 10 times the initial estimate. Oops.”

“CBO’s deficit-reduction estimates are further divorced from reality
because they don’t include as much as $371 billion in new spending to fix
reimbursement rates for doctors who treat Medicare patients. Imagine that health reform legislation that doesn’t include payments to doctors. Only in
Washington, DC.”

http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/

you bought the doc fix lie?  How sad.

Yeah, there are a lot of dummies making the same point:

http://reason.org/news/show/the-facts-about-the-governments-med

It really is sad.

Leave libertarian s sites like reason and look the “doc fix” up for yourself. It’s part of almost every budget. Or, you continue believing a lie. In the process, ask yourself why pay for doctors under Medicare would be affected by the ACA and why a bill which reforms health insurance access would worry about what dr’s get paid. Or, go read the Jane Galts of the world

The confidence you have for a government healthcare program is impressive. You probably believe in unicorns and fairy dust too.

Anyhow, I am slowly becoming more confident that your side is losing, by evidence of the 2010 election and the most recent Rasmussen poll on healthcare.

“A new Rasmussen Reports national telephone survey finds that 57% of Likely U.S. Voters – for the second week in a row – at least somewhat favor repeal of the health care law passed by Congress in March of last year. Thirty-six percent (36%) at least somewhat oppose repeal. These findings include 43% who Strongly Favor repeal versus 26% who are Strongly Opposed.”

This part made my day: “Fifty percent (50%) of voters believe the health care law will be bad for the country. Thirty-five percent (35%) disagree and think it will be good for the country. Three percent (3%) say it will have no impact, and 12% are not sure.”

http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law

Good luck to you.

Yeah, insurance reform is always frightening and I always put my eggs in the Rasmussen basket.

I wish i could get a job but it’s because right wing nuts like you that i can’t because the economy sucks so bad because you love to over spend what you have. now your making the middle class pay for your dumb mistakes? Um no tax the millionaires and billionaires who have 17 cars and 8 houses that they don’t need and give to the people who are trying to make it by with a $75 pay check every two weeks. my hours have been cut because the government says so. so you try making it by with that kind of pay check and see how life treats you, your heartless.

I wish i could get a job but it’s because right wing nuts like you that i can’t because the economy sucks so bad because you love to over spend what you have. now your making the middle class pay for your dumb mistakes? Um no tax the millionaires and billionaires who have 17 cars and 8 houses that they don’t need and give to the people who are trying to make it by with a $75 pay check every two weeks. my hours have been cut because the government says so. so you try making it by with that kind of pay check and see how life treats you, your heartless.

oh and the people who are trying to leech as you call it are the ones who made those people billionaires and millionaires so it’s time to give back to people who are actually in need and can’t get hired. YOU try going out and getting a job right now and see who calls you back or if they approve of you. I know i wouldn’t because your attitude is down right gross and disgusting and not attractable at all. plus you actually have to have skills that that job is looking for and if you worked at little ceasers flipping pizza your not going to get a job at accounting. so quit putting people down when you haven’t experienced there suffering.