HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » FogerRox » Journal
Page: 1

FogerRox

Profile Information

Member since: Tue Nov 30, 2004, 06:22 PM
Number of posts: 13,211

Journal Archives

If its useless why is Boulder City Nv building a 300mw pv plant......

http://www.solarfeeds.com/boulder-city-nv-to-boast-300mw-pv-plant/

Makkah, Saudi Arabia, 100mw pv plant
http://smartenergyuniverse.com/alternative-energy/6168-saudi-arabia-targets-41-gw-of-solar-by-2032

40mw Alamosa Co.
http://www.saudisolarforum.org/wp-content/uploads/2012/03/Raed-Sherif-Concentrated-Photovoltaic-for-Large-Scale-Solar.pdf

300mw in Quetta, Pakistan.
http://www.pv-tech.org/news/balochistan_government_and_ck_solar_korea_ink_mou_for_300mw_solar_project

23 million

A return to New Deal infrastructure spending: 6% of GDP-900 billion, would create about 23 million jobs (22.5).

26 million under employed or unemployed, U6 is at 21.5 million. Fudge it: 23 million.

The CBO scoring of the 75 yr SS shortfall is .6% of GDP, which would equal 23 million jobs at 31.5k producing 89.3 billion in FICA. 15 trillion dollar economy, .6% is 90 billion.

Chained CPI is stealth income tax increase #noChainedCPI #noSScuts #SSD please sign petition

Most understand that the Chained CPI will hurt seniors, especially woman who earned less during their working days and live a little longer than their spouses while facing their last years living alone.



But what may not be well known is that Chained CPI would be used not just for calculating Social Security and Veterans Benefits..... If the Government adopts Chained CPI for adjusting Income Tax Brackets, & wages grow more than the Chained CPI, your income rises faster than the Income tax brackets would. Over time many families would be bumped into the next income tax bracket. Currently the Income Tax Brackets are adjusted to CPI-U.

According to Congress’ Joint Committee on Taxation, if individual income taxes were indexed to the Chained CPI starting in January 2013, by 2021, 69 percent of the gains in revenue would come from taxpayers with incomes below $100,000, while those in the highest income brackets would barely be affected. For example, workers with incomes between $10,000 and $20,000 would experience an increased tax burden of 14.5 percent, while those with incomes over $1,000,000 would just see an increase of 0.1 percent.
Source:http://www.cepr.net/documents/publications/cpi-2012-12.pdf
http://democrats.waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/media/pdf/112/6-29ResponseChainedCPI.pdf



Seniors dont have the same buying patterns as working wage earners and clerical workers, which is what CPI-W is tracking. CPI-W can't possibly represent Seniors buying habits.

Please sign and share the White House Petition telling President Obama no Social Security cuts will be tolerated.

Seniors spend more on housing and medical care than people still in the workforce who maybe decades younger and in the prime of their health. Substituting Medical care may be impossible in some situations, and I can't imagine how one can substitute a Nursing Home. 2 out of 5 seniors rely on Social Security as 90% of their retirement income, while in 2012 the average Social Security benefit for those 65 and older was less than $15,000.

In addition, there are fewer opportunities for substitution in these areas of consumption. Also, because the elderly are a less mobile population, they may find it more difficult to change their consumption patterns. If accuracy is the main concern to be addressed by altering the Social Security cost of living adjustment, then the BLS could construct a full elderly index that more accurately tracks the consumption patterns of the elderly. There is no basis for assuming that a Chained CPI more accurately measures the rate of inflation experienced by the elderly than the current measure,however there is no doubt that it will lead to a reduction in benefits.

Center For Economic And Policy Research








The best thing for Social Security is a growing economy, creating jobs and raising the minimum wage regularly can go a long way to seeing Social Security thru to 2045 when 50% of Boomers born in 1964 will be dead. Once The Social Security Trust Fund gets past this point, assets will grow slowly and by 2062 assets will grow quickly.



As you can see once the Boomers are dead, the number of workers supporting a retiree will vastly improve.






Please sign and share the White House Petition telling President Obama no Social Security cuts will be tolerated.

Stop it, stop saying Social Security needs reform, you are a Democrat, right?

#HandsOffMySocialSecurity Well a crap load of you Kossacks and Democrats in Washington DC are talking about SS as if there is something wrong with it, and it needs to be fixed. If you advocate for leaving SS alone, cool. IF not its time to come to terms with what Democrats are saying that enables the GOP long term plan to destroy Social Security.

The only thing wrong with Social Security is the economy. In fact the Social Security Trustees tells us that. Of course for those of you who have never read any actual Trustees report, and continue to repeat this falsehood that the Social Security Trust Fund will be depleted in 20 or so years, and just buying a load of GOP crap.



Stop it. Take your hands off my Social Security. You're not being responsible, I don't trust you, go home, lock the door and turn off the internet. Just stop it.

Lets create jobs, raise the minimum wage, and watch the FICA roll in. Heres a screen cap of the Trustees 2012 report, look very carefully for the footnotes.....



Look at the OASDI column.


Have you never heard this information before? than I excuse you. IF you have heard this information before, and you choose to ignore it, and you still predict 20 more years of recession, well friends, in light of the Sequester and the debt limit talks that could happen this month and things horribly worse....

This diary and its lack of respect is for you.

Chained CPI and Superlative CPI both mean 130 billion in cuts:


Job creation and raising the min wage go a long way to making Social Security solvent thru 2090. Don't comment here, call up DC and give them an earful. Tell them:



Remember there are Democrats who seem to settle for no real jobs programs and Chained CPI, I know, thats some crazy shit, but its true. 25 million Americans would take a full time year round job if offered, do you have our unemployed backs, or is chained CPI or Superlative CPI ok with you?

If it comes to this trade off, Raise the SS cap, or 25 million jobs and the GOP is only letting you pick one..... which is it going to be?

If it comes to this trade off, SS benefit cuts, or raising the minimum wage and the GOP is only letting you pick one..... which is it going to be?

Make the call, call Congress and tell you representative this:

Roger Fox told me the Social Security Trustees said if we create lots of jobs and keep raising the minimum wage over 20 years, then my Social Security is good thru 2090.



Dont wait for the grand bargain to hit you, draw a line in the sand right now, get on the phone, email your friends and relatives and make sure they know whats at risk, whats going on this week & the rest of this month and make sure they know what to do & say about it.



Join me and the Social Security Defenders Twitter team #HandsOffMySocialSecurity I'm at https://twitter.com/RDanaFox

EDIT: 57 recs in under 2 hours, thanks for your support.

Create 20 million jobs and watch the FICA roll in.. SS good thru 2090

If I recall correctly in 2011 the CBO scored the Social Security shortfall over 75 years as .6% of GDP. To illustrate this point, I'm going to do a little math on my droid calculator. In a 15 trillion dollar economy .6% equals 90 billion. If we create 20 million jobs, at $36,000 per year, thats $4464 in FICA each person will pay, each year. $4464 times 20 million is 89.2 billion dollars. Nearly a match.



If we do nothing but create jobs for those who are looking for full time year round work, we will help to see Social Security solvent thru 2090. The Boomers will be long dead around 2050-2060, so they won't be collecting benefits in 2090.

Again, there is nothing wrong with Social Security that a good economy wont fix. When I say good economy I mean one with lessening income disparity, wage growth equal to or better than inflation. A good economy means keeping unemployment low, 4-5%. I mean raising the minimum wage in a timely fashion.

Elad might have the DU Social Security/Medicare group all set up before the Daily Kos Social Security Defenders blogathon March 25-29, if so, both groups can participate: Please share these graphics on Facebook and Twitter:







Go to Page: 1