General Discussion

DeeDeeNY

(3,567 posts)

70. +1

Reply to sabrina 1 (Reply #30)

Fri Sep 14, 2012, 08:21 AM

Sep 2012

Most important - raise or even remove the cap altogether.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

89 replies

= new reply since forum marked as read

Highlight:

This 53 year old has it right.... [View all] Playinghardball Sep 2012 OP

yup. nt seabeyond Sep 2012 #1

SWEET!!! coldbeer Sep 2012 #14

Yep. The "over my dead body" part is quite accurate. Duer 157099 Sep 2012 #2

I am 47 I totally agree... Kalidurga Sep 2012 #3

Just turned 48 and totally agree MotorCityMan Sep 2012 #55

I'm 75 and I agree HelenWheels Sep 2012 #84

You are absolutely right OLDMDDEM Oct 2012 #89

Out of money is out of money. dkf Sep 2012 #4

RE: out of money is out of money ToxMarz Sep 2012 #19

+1 Jazzgirl Sep 2012 #25

Thanks for answering that so capably.. tokenlib Sep 2012 #51

How can you pay out $70 trillion when total US wealth is less than $70 trillion? dkf Sep 2012 #77

ummm Loudestlib Sep 2012 #85

There is plenty of money. It just needs to be paid. Ikonoklast Sep 2012 #20

The present value of our federal obligations is $70 trillion if you add social security and Medicare dkf Sep 2012 #31

You assume that there will be nothing done to change that. Ikonoklast Sep 2012 #33

RE: Crazy huh? ToxMarz Sep 2012 #37

"We" didn't get "ourselves" on any hook, we were robbed and the money is still there. n/t Egalitarian Thug Sep 2012 #39

You throw that $70 trillion number around pretty liberally (so to speak)... JHB Sep 2012 #64

The SS fund is not in any danger of not being able to meet its obligations for at least another sabrina 1 Sep 2012 #30

The net present value of federal obligations is $70 trillion. That equals all the world's assets. dkf Sep 2012 #34

Oh FFS dkf HangOnKids Sep 2012 #38

You tell me when the US Government has ever defaulted on its sabrina 1 Sep 2012 #40

They aren't going to default on the Treasury Bonds. It's the rest of the obligations at risk. dkf Sep 2012 #42

What obligations are at risk? sabrina 1 Sep 2012 #46

No...I'm talking about after the trust fund is used up. dkf Sep 2012 #54

The trust fund will not be used up. It has three sources of revenue and sabrina 1 Sep 2012 #56

Do you not understand they have obligated more money than exists? dkf Sep 2012 #69

You Understand That The Wealth Is Recycled Over Time? ProfessorGAC Sep 2012 #78

So you think it is perfectly reasonable to think that obligations with a net present value of $70 dkf Sep 2012 #80

The fucking trust fund is SUPPOSED to be used up, fercrhissakes! eridani Sep 2012 #58

When you add all the promises it exceeds our assets. dkf Sep 2012 #75

The we default to our other creditors and cut back our imperial war machine eridani Sep 2012 #87

How about you break that number down, and go into the assumptions behind it? JHB Sep 2012 #65

This is the same logic Bush & Issa used to kill the post office Doctor_J Sep 2012 #73

there are numerous flaws in the model cojoel Sep 2012 #83

+1 DeeDeeNY Sep 2012 #70

We need more bullshit RW talking points the way we need holes in our heads n/t eridani Sep 2012 #57

Did you get your numbers from Drudge Report? ...Again? n/t Scootaloo Sep 2012 #61

Really? Tell the 1%ers whose wealth is growing exponentially dotymed Sep 2012 #71

There is plenty of money. Its just spent on the wrong things. olegramps Sep 2012 #76

Am 64 and will be taking Medicare in Jan. I don't want to see anyone lose these benefits. southernyankeebelle Sep 2012 #5

+1000. Just found out that I will have to have a cataract operation eridani Sep 2012 #59

I am grateful to get it. I will fight for the younger people to have it also. Not just for my southernyankeebelle Sep 2012 #66

Oh, yes, and then some... MANative Sep 2012 #6

I resemble that remark liberal N proud Sep 2012 #7

I'm 51... Sophiegirl Sep 2012 #8

They need to raise the ceiling on FICA. Blanks Sep 2012 #9

Exactly PatSeg Sep 2012 #22

President Obama supported it in 2008--it's better than cuts.. tokenlib Sep 2012 #53

I'm 53 as well and that's EXACTLY how I feel. Matariki Sep 2012 #10

Especially when they enjoy all sorts of "entitlements" themselves Art_from_Ark Sep 2012 #48

I will turn 64 in November HockeyMom Sep 2012 #11

I'm 55 & I don't believe the bullshit that I'm safe. CrispyQ Sep 2012 #12

Anyone over 55 (or even over 65) who thinks they are safe is delusional eridani Sep 2012 #62

I'm a little short of that mark, but not by much... JHB Sep 2012 #13

as they talk about stopping Social Security and Medicare onethatcares Sep 2012 #15

Remember the "work until you're 70" suggestions of late? KansDem Sep 2012 #35

yes, I remember that onethatcares Sep 2012 #43

more divide + conquer. pansypoo53219 Sep 2012 #16

Do the right thing! HenryWallace Sep 2012 #17

So how do we fix it? pediatricmedic Sep 2012 #18

Change the tax rate paid from 2.9% to 4.25%. Medicare Fixed. Ikonoklast Sep 2012 #24

There are a number of tweaks that could be tried taught_me_patience Sep 2012 #28

Don't forget Medicare for All. If our per capita health care expenses were the same-- eridani Sep 2012 #63

Fix what? You just made a false statement regarding SS. sabrina 1 Sep 2012 #41

mark to come back to rurallib Sep 2012 #21

Bullshit. It's only a little adjustment around the margins. MannyGoldstein Sep 2012 #23

You think cat food is cheap? still_one Sep 2012 #27

Some of it is pretty cheap Art_from_Ark Sep 2012 #52

At 61 I'm eligible to file for SS in December--and I am. mnhtnbb Sep 2012 #26

I hope he explained that to his parents. JohnnyRingo Sep 2012 #29

Retired people need to be made to understand that they are not grandfathered into anything! brewens Sep 2012 #32

I happen to be 53, too. hamsterjill Sep 2012 #36

I'm 51 and this really pisses me off. madinmaryland Sep 2012 #44

Is it possible that hospitals are grossly overcharging and no one is stopping them? RepublicansRZombies Sep 2012 #45

I turned 55, this year Timbuk3 Sep 2012 #47

This 53 year old agrees. OnionPatch Sep 2012 #49

I'm 52 and can totally relate - part of why this is being done is demographics NoAmericanTaliban Sep 2012 #50

"Fuck the young" Scootaloo Sep 2012 #60

What comes after the The Greatest Generation. Sanddancer Sep 2012 #67

I just turned 65 OLDMDDEM Sep 2012 #68

Which is why every single Dem in the WH and Congress should declare, Doctor_J Sep 2012 #72

I've been paying into it for 30 years boston bean Sep 2012 #74

I'm 49. Borchkins Sep 2012 #79

53 next month LittleGirl Sep 2012 #81

Amen, I'm 58, sibs are 52, 50 and 46. joanbarnes Sep 2012 #82

I'm 48 and feel the exact same way!!! citizen blues Sep 2012 #86

Playinghardball OLDMDDEM Oct 2012 #88