Obama '08?

@ican711nm,

Based on what Oklahoma GOP Senator Tom Coburn reported about FICA's growing deficits, Congress should make all new FICA accounts purchase US Savings Bonds over one's earning years, and then use their sum to purchase an annuity for one's retirement years.

This is a better way to eliminate future FICA, Medicare, and Medicaid deficits and their earmark spendings!

1 Reply

@cicerone imposter,

Why do you, cicerone imposter, continue to post your meaningless drivel responses. It is irrelevant that "both parties are guilty of "stealing" from the social security trust fund." What is meaningful is finding a way to stop, or at least greatly reducing, the "stealing" from the social security trust fund.

Stop your meaningless drivel and start to think beyond blaming to actually stopping or at least greatly reducing government stealing.

1 Reply

@ican711nm,

What have you personally done to stop both parties from raiding the social security trust fund?

Meaningless drivil; you're the chief poster of such.

Finding a way to stop it? ROFLMAO

You only prove you don't understand US politics.

1 Reply

@ican711nm,

ican711nm wrote:

Based on what Oklahoma GOP Senator Tom Coburn reported about FICA's growing deficits, Congress should make all new FICA accounts purchase US Savings Bonds over one's earning years, and then use their sum to purchase an annuity for one's retirement years.

This is a better way to eliminate future FICA, Medicare, and Medicaid deficits and their earmark spendings!

Actually, it would more than double the current deficit if you stopped collecting FICA taxes and instead invested the money.
The current revenues from FICA is 825 billion
The current outlays for Social Security is 721 billion.
To eliminate the income and keep the outlay would result in a 1.54 trillion deficit.

Who do you think is going to pay the interest on all the borrowing ican?

2 Replies

@parados,

parados wrote:

ican711nm wrote:

Based on what Oklahoma GOP Senator Tom Coburn reported about FICA's growing deficits, Congress should make all new FICA accounts purchase US Savings Bonds over one's earning years, and then use their sum to purchase an annuity for one's retirement years.

This is a better way to eliminate future FICA, Medicare, and Medicaid deficits and their earmark spendings!

Actually, it would more than double the current deficit if you stopped collecting FICA taxes and instead invested the money.
The current revenues from FICA is 825 billion
The current outlays for Social Security is 721 billion.
To eliminate the income and keep the outlay would result in a 1.54 trillion deficit.

Who do you think is going to pay the interest on all the borrowing ican?

Your own admission of the government using FICA to support general fund spending should tip you off to the fact that FICA has been and is being abused, parados. Nor have the politicians been honest about how the funds have been used.

Honesty by the politicians about FICA from the very beginning, and how they have lied to the people, that would be a baby step toward fixing this monumental scam that has been foisted upon us. The story should start with FDR.

Last point, insurance companies I believe are regulated in regard to how their premiums are spent or invested. We should have at least some input into the same things with Social Security. After all, it is our money that they are taking and mis-spending. If we want it invested into more productive or sound places than the government general fund, we should have a right to have it done.

2 Replies

@okie,

Yes, it's been "abused" by both parties. That many of us can see the problem in the way our government borrows and spends money doesn't mean our representatives in government is going to stop doing that. Our only recourse is to vote them out of office, but that cycle doesn't seem to work on that one issue either. All levels of government have been overspending, and that's the sickness of our elected officials. They have no understanding of fiduciary responsibility.

Even the tea party goes overboard by throwing the baby out with the bath water; extremism is no better than the problems they create.

1 Reply

@cicerone imposter,

One of our biggest problems is a president that has never run a business, does not understand business, and probably is not even pro-capitalism all that much. Nor are the people he has appointed in his administration. Most of his adivisors come from academia or are redistributionists, union thugs, Chicago cronies, and the like. Why should you have expected anything different?

2 Replies

@okie,

No, it isn't. Study your American and other country's history. Many did not run a business - as you propose to be good leaders.

You also fail to understand the other side of the coin; that so-called people with business experience have turned out to be crooks through fraud.

What is important in leadership is integrity.

2 Replies

@cicerone imposter,

Would you have favored having a guy run your shoe company that did not even believe shoes were necessary or good?

I could be wrong, but I seem to recall you were an accountant for a shoe sales company?

2 Replies

@cicerone imposter,

cicerone imposter wrote:

What is important in leadership is integrity.

We are sadly missing that as well, with our leadership. They were never honest about most of the stuff they did or want to do. Their one big accomplishment or failure, however you look at it, was Obamacare, and we still have no accurate accounting of what is in the bill or what the effects of it will be. Even Pelosi said we would have to pass the bill to find out what is in it. What kind of idiocy is that, ci?

1 Reply

@okie,

All your accusations against Obama is groundless. GW Bush committed more crimes against humanity than many of the presidents combined. GW Bush broke both domestic and international laws. Can you name one law Obama broke?

1 Reply

@cicerone imposter,

cicerone imposter wrote:

All your accusations against Obama is groundless. GW Bush committed more crimes against humanity than many of the presidents combined. GW Bush broke both domestic and international laws. Can you name one law Obama broke?

Cut the idiocy about Bush, ci. He broke no laws. At least Bush was honest about everything he did for us. And if Bush was still prez, he would probably be on duty right now with all the problems in the world, rather than playing golf or going on vacation.

1 Reply

@cicerone imposter,

cicerone imposter wrote:

What have you personally done to stop both parties from raiding the social security trust fund?

I'm personally posting here to help you and the rest of the self-deceivers posting here to end or at least reduce your self-deceptions.

The best evidence of your self-deceit is your repeated failures to post rational arguments to support your positions instead of your irrational personal attacks on those with whom you disagree.

As imperfect as my arguments are, they are far better than your insipid retorts.

Wise up! You're not fooling anyone other than yourself and your fellow self-deceivers!

2 Replies

@ican711nm,

I have no self-deception; I understand what has happened in the past, and what to expect in the future from both parties of our government. I never relied 100% on social security, but at my age, it doesn't matter much.

0 Replies

@okie,

The United States is a state, if not a nation-state. A business is a business. It doesn't necessarily take intelligence to run a business but an aggressive personality. george bush ran several businesses and failed at each of them and look at the mess he made. Harry Truman was considered a failure at business but his haberdashery existed for a decade.

No other president ever ran a business.

Besides, for our generation, business majors were generally those who flunked out of engineering or pre-med.

0 Replies

@okie,

Quote:

Would you have favored having a guy run your shoe company that did not even believe shoes were necessary or good?

This has to be the dumbest of your analogies. Have you no shame?

0 Replies

@ican711nm,

You are personally posting. Wow!

What have you to teach anyone about self-deception? Who are you to teach anyone about rationality?

THis is deception writ large:

Quote:

As imperfect as my arguments are, they are far better than your insipid retorts.

And, if you want to correct someone who personally attacks others, why not speak to H2Oman?

0 Replies

@parados,

[question="parados"]The current outlays for Social Security is 721 billion.
To eliminate the income and keep the outlay would result in a 1.54 trillion deficit.

Who do you think is going to pay the interest on all the borrowing ican? [/quote]
1. We must stop paying for the future Socuial Security outlays for new social security participants.
2. We must provide alternative secure savings accounts for those not currently participating, or who do not wish to continue participating, in the social security system.
3. These savings accounts will serve as reliable alternatives to social security's insecure debt creating accounts.
4. The interest on those savings accounts will be paid by revenue collected from private surpluses from their private savings account investments (e.g., like the interest on private savings currently paid by the surpluses banks make from the interest they charge on the loans of that money they make to the private economy).

1 Reply

@okie,

Quote:

Your own admission of the government using FICA to support general fund spending should tip you off to the fact that FICA has been and is being abused, parados.

Gee, where were you when Bush used it to pay for his wars? Of course it's abused okie. I never said it wasn't. The FIX ican proposed doesn't fix anything. It makes it worse. Unless you are proposing cutting off payments to all current SS recipients. That ought to go over well with the Tea Party.

0 Replies

@okie,

okie wrote:

Would you have favored having a guy run your shoe company that did not even believe shoes were necessary or good?

And would you favor having our government run by someone that doesn't thing government is good?

Your analogy shows how idiotic your argument is okie.

0 Replies

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