HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » eniwetok » Journal
Page: « Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16


Profile Information

Gender: Do not display
Hometown: Spiritual home: the rocky Maine coast
Member since: Sun Mar 27, 2016, 08:06 PM
Number of posts: 1,629

About Me

Greetings... what can I say? I'm an old time hippie and anti-war activist from the 60's. I was radicalized then and have always remained political. One's politics can have different aspects. Economically I'm an FDR liberal. Socially I believe in the Ninth Amendment that government has no legitimate power to limit some rights such as responsible drug use, the right to choose, or one's sexual behavior. Politically I'm to the left of the Democratic Party. Why? Over the years I realized the focus of activists should not be stamping out brush fires and putting band-aids on problems. The effort must always be to keep in mind the root of most of our problems such as wealth inequality, growing corporate power, voter apathy, climate change, etc... is an electoral system that is incapable of measuring the popular will and a political system that is incapable of implementing it. Sadly, the Democratic Party seems to need a push to find a greater appreciation for... and to work towards, implementing common sense democratic reforms to both those electoral and political systems.

Journal Archives

Tax Calculator Compares Tax Plans


As could be expected Trump and Cruz have massive tax cuts... especially for the rich.

Of course, the calculator is overly simplistic and doesn't distinguish between earned and unearned income which currently gets a massive tax break.

Ultra Low Interest Rates A Threat To Social Security

In perhaps 2-3 years new contributions to the Social Security trust fund will end and withdrawals from it will begin. The longevity of SS trust fund depends in large part on how its growth from interest exceeds its net outflow to existing SS recipients... the bigger the interest return, the longer the fund will last. But there is no floor on the interest rates the fund gets and the average interest rate for the entire fund in 2000 was 6.9%. Today it's 3.4% https://www.ssa.gov/oact/progdata/annualinterestrates.html

The average for the entire fund is being brought down by the ultra low interest rates set by the FED which brings down the rate US Treasuries get... and in this case the special treasuries the government issues to the SS fund. The formula was created by Congress in 1960 https://www.ssa.gov/oact/progdata/intrateformula.html and certainly Congress can change it.

Here are the rates any new money has been getting when it enters the fund: https://www.ssa.gov/oact/progdata/newIssueRates.html

In 2012 the average annual average interest for new monies was only 1.458% when according to http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ the inflation rate was 2.1%!

SS was losing ground.

In 2013 the new monies were getting 1.9% and the inflation rate was 1.5%... a pathetic .4%.


Workers are involuntary taxed to provide mainly for their retirements and yet that goal is being undermined by politicians OF BOTH PARTIES. The SS trust fund has been a cash cow for politicians for too long. It MUST be treated with respect. There must be a floor beneath which the interest can not fall. I believe that should be at least 4%.
Go to Page: « Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16