The Issue Politicians Don't Touch

RAMSTORIA

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The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday.

Both companies need to make large payments into the plans within the next five years — $12.3 billion by G.M. and $2.6 billion by Chrysler — to reach minimum funding levels, according to the report, prepared by the Government Accountability Office. Whether the companies will be able to make the payments is uncertain, the report concluded, though Treasury officials expect the automakers will become profitable enough to do so.

http://www.nytimes.com/2010/04/07/business/07cars.html

California's three major public pension funds are underfunded by more than half a trillion dollars, according to a report released Monday, the San Jose Mercury News reports.

Gov. Arnold Schwarzenegger (R) commissioned the study, which was prepared by graduate students at the Stanford Institute for Economic Policy Research (Theriault, San Jose Mercury News, 4/5).

http://www.californiahealthline.org...public-pensions-underfunded-by-over-500b.aspx

The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security.

This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

http://www.nytimes.com/2010/03/25/business/economy/25social.html

entitlement programs.

i included GM since we are "investors" now. california is included because the fed wont let california go under, so the rest of the country and look forward to picking up the tab. social security has been projected to go broke for years and years and years and the date keeps getting moved up.

but when you hear politicians talk about any type of entitlement program reform you get things like obama appointing a comittee on how to save money (gotta spend money to make money!) and a lot of hot air from congress proclaiming that we have to make changes! but never actually doing anything.

*lolz for forum mispost*
 
A pension fund is an entitlement now?

People getting money back they have paid into over decades? Even the private ones?

Are we using the same definition?
 
[quote name='Msut77']A pension fund is an entitlement now?

People getting money back they have paid into over decades? Even the private ones?

Are we using the same definition?[/QUOTE]

its the same when taxpayers are picking up the tabs.

people pay into social security and medicare for decades too.
 
I don't think you are making a very good case for yourself.

Like I was saying entitlements is usually read welfare.
 
About a month before Obamacare was passed, Chris Rock was on Real Time w/ Bill Maher. He viewed the debate about health care as people in First Class on an airplane, and people in coach getting bumped up to First Class even though they didn't pay for the First Class seat.

Who knew he was so right about what the real issue was? Why weren't people more honest about their real objection to the bill: they didn't want to pay for poor people.
 
http://www.wsws.org/articles/2005/may2005/unit-m13.shtml

It's cool, we're good, we got case law on our side.

Corporations don't *actually* have to make good on those pensions that they promised employees. Just give them a gold watch or a subscription to "Reader's Digest" and we'll save taxpayers billions.

Corporations: we don't owe you shit.

Now, that said: good luck trying to reverse that philosophy on a corporation and claim that you've paid off your 30-year mortgage after 10 years.

Corporations: better than people.
 
taser-da-penguin.jpg
 
[quote name='IRHari']Who knew he was so right about what the real issue was? Why weren't people more honest about their real objection to the bill: they didn't want to pay for poor people.[/QUOTE]

I think you typoed a bit there... You should have said "Who knew he was so right about what the real issue was? Why weren't people more honest about their real objection to the bill: they didn't want to pay for worthless people who won't get off their lazy asses and try to make something of themselves."

Kinda funny to see that comment from someone with a Darwinian avatar... you know survival of the fittest and all...
 
Social Security is a funny thing.

So, the government got a bunch of people to put money into the program with the promise of investing and saving it so it would pay off in the future. Instead of investing and saving the money, they spent it. When it came time to pay up, our government used the money coming in from new investors - promising these new guys that their investment would pay off.

We're finally hitting a moment in time where the new money coming in is less than the money going out.

Isn't that how Bernie Madoff got caught?
 
I would hesitate to paint all poor people as 'worthless people who won't get off their lazy asses and try to make something of themselves.'

Survival of the fittest isn't an idea I advocate for in all aspects of life. It was an empirical (loosely) observation Darwin made which helped him theorize how organisms got to where they are.
 
Ram, you guys are determined to start a class war aren't you. Eliminate the middle class, remove every safety net for the poor, and quietly push through legislation that favors the rich.

I don't think you're going to like the result.
 
[quote name='IRHari']I would hesitate to paint all poor people as 'worthless people who won't get off their lazy asses and try to make something of themselves.'

Survival of the fittest isn't an idea I advocate for in all aspects of life. It was an empirical (loosely) observation Darwin made which helped him theorize how organisms got to where they are.[/QUOTE]


ah but the thing is the 'worthless people who won't get off their lazy asses and try to make something of themselves' is a growing segment of our population. Watch people next time you're in line at the grocery store. Watch those young 20 somethings with the 2-5 kids... I'll bet you 25% of the time they're using a food stamp card. Guess what most of those are more than happy to sit back and pump out kids as fast as they can and live large off their $600-1000 a month in foodstamps in their government sponsored housing development. Could they work... sure... but why bother. Of course you could find the smart ones that actually do work... earn about 5K a year so they can get back 4-5K on their income taxes from the earned income credit. Guess what... their kids will more then likely grow up to be exactly like them... and you've just doubled or tripled the number in the next generation.

Our society has decided to cater to the lowest common denominator. For example the new rules on NSF fees for debit cards. Well guess what, you don't get charged fees if you don't spend more than you have. Instead of educating people to take control of their financial situation our government has decided they would rather cater to them and keep them uninformed.

Of course with the current debt problems, I doubt our government could teach anyone about financial responsibility anyway.

Ya see the way I see it... People make choices in life, they can choose to go to work and punch that clock 9-5, or they can make the choice to go their own way and be a freelance writer/musician/etc, of they could just choose to live off the government, but with those choices you get something and you give up something else. There's always a give and take to everything in life.
 
I like drawing conclusions about society writ large based on what I see with my own two eyes.

Nobody uses public transportation.
Everybody goes to the farmer's market on the weekend (which starts Thursday night, mind you).
There are no buildings on earth taller than 6 stories.
Smog does not exist.
 
[quote name='UncleBob']Start a class war?[/QUOTE]

Not that Bob knows knows what a real class war is seeing as he has never read a book he managed to be somewhat correct. There has been guerrilla class warfare of the super rich vs. everyone else in this country since the Reagan era.
---
ah but the thing is the 'worthless people who won't get off their lazy asses and try to make something of themselves' is a growing segment of our population. Watch people next time you're in line at the grocery store. Watch those young 20 somethings with the 2-5 kids... I'll bet you 25% of the time they're using a food stamp card. Guess what most of those are more than happy to sit back and pump out kids as fast as they can and live large off their $600-1000 a month in foodstamps in their government sponsored housing development. Could they work... sure... but why bother. Of course you could find the smart ones that actually do work... earn about 5K a year so they can get back 4-5K on their income taxes from the earned income credit. Guess what... their kids will more then likely grow up to be exactly like them... and you've just doubled or tripled the number in the next generation.

Yep, has nothing to do with the worse economy in decades or the fact that wages have been stagnating or declining for a generation.
 
[quote name='Afflicted']Ya see the way I see it... People make choices in life, they can choose to go to work and punch that clock 9-5, or they can make the choice to go their own way and be a freelance writer/musician/etc, of they could just choose to live off the government, but with those choices you get something and you give up something else. There's always a give and take to everything in life.[/QUOTE]

Or they can make the choice to get born into a rich family and exploit their workers and my tax dollars. You own a mine, it's worth risking a few lives for that elusive extra dollar of profit. You're a financial services CEO, bundle up that toxic debt and pawn it off on foreign markets in an ever spiraling ponzi scheme, because the government's going to come in and make sure you never have to worry about losing a golden payday. You don't create any real worth but hey it doesn't matter because some rural schmoe is working his ass off making sure you have energy and food. And everything else you need can just get outsourced to child slave labor in China.
 
[quote name='RAMSTORIA']its the same when taxpayers are picking up the tabs.

people pay into social security and medicare for decades too.[/QUOTE]

You're missing the factual mistake in the reply to you. Government pensions generally aren't funded by contributions from employees, as most private pensions are. You and I contribute our hard-earned cash to a 401(k) for retirement. Joe government employee gets a fully paid-for pension package -- many times incredibly generous, mind you, even some at full salary -- while you and I get whatever we've managed to save. That's why the pension situation is out of control: because they don't pay in, they just take out. And don't forget to check out Greece for an example of a further-developed system along the same lines.
 
[quote name='camoor']Ram, you guys are determined to start a class war aren't you. Eliminate the middle class, remove every safety net for the poor, and quietly push through legislation that favors the rich.

I don't think you're going to like the result.[/QUOTE]

ah yes, i think social security is flawed so i must be against the poor.

i dont think we should leave people hanging high and dry, but we are sinking billions and billions into a system that isnt sustainable.

when it comes to public paid pensions, see below.

[quote name='elprincipe']You're missing the factual mistake in the reply to you. Government pensions generally aren't funded by contributions from employees, as most private pensions are. You and I contribute our hard-earned cash to a 401(k) for retirement. Joe government employee gets a fully paid-for pension package -- many times incredibly generous, mind you, even some at full salary -- while you and I get whatever we've managed to save. That's why the pension situation is out of control: because they don't pay in, they just take out. And don't forget to check out Greece for an example of a further-developed system along the same lines.[/QUOTE]

oh i know, i live in california. there are nearly 10,000 pensions in our state that are over 100k, those are just the top ones, there are tens of thousands more for less. and like you said, these are pensions that are largely, if not entirely, paid for by california tax payers. if you read the report i linked youd know that the state would have put 300+ billion into our pension fund now just to have a chance to keep it sustainable for 16 years. thats not 300 billion from some private fund, thats out of the state general fund, the same one i put into year in and year out only for it to be squandered every year.
 
[quote name='Afflicted']ah but the thing is the 'worthless people who won't get off their lazy asses and try to make something of themselves' is a growing segment of our population. Watch people next time you're in line at the grocery store. Watch those young 20 somethings with the 2-5 kids... I'll bet you 25% of the time they're using a food stamp card. Guess what most of those are more than happy to sit back and pump out kids as fast as they can and live large off their $600-1000 a month in foodstamps in their government sponsored housing development. Could they work... sure... but why bother. Of course you could find the smart ones that actually do work... earn about 5K a year so they can get back 4-5K on their income taxes from the earned income credit. Guess what... their kids will more then likely grow up to be exactly like them... and you've just doubled or tripled the number in the next generation.

Our society has decided to cater to the lowest common denominator. For example the new rules on NSF fees for debit cards. Well guess what, you don't get charged fees if you don't spend more than you have. Instead of educating people to take control of their financial situation our government has decided they would rather cater to them and keep them uninformed.

Of course with the current debt problems, I doubt our government could teach anyone about financial responsibility anyway.

Ya see the way I see it... People make choices in life, they can choose to go to work and punch that clock 9-5, or they can make the choice to go their own way and be a freelance writer/musician/etc, of they could just choose to live off the government, but with those choices you get something and you give up something else. There's always a give and take to everything in life.[/QUOTE]


What if that young 20 something with the welfare card and 2-5 kids is also in the military? Would he/she still be a lazy worthless person?

I say this because a growing number of our nation's soldiers are on welfare/food stamps. Is that same person worthless now because they're sucking on the government's tit?

You act like everyone in America has a decent job waiting for them the minute they graduate from high school. You know this isn't true but it would have to be for all your hate to have any meaning.

Are there lazy do nothings in this country? Sure. Are you doing anything to make the situation better by sitting here bitching about it? Nope.

If it's such a big issue for you, why don't you volunteer with Big Brother/Big Sister or the various other organizations that are actually doing something to reverse the trends?
 
[quote name='RAMSTORIA']ah yes, i think social security is flawed so i must be against the poor.

i dont think we should leave people hanging high and dry, but we are sinking billions and billions into a system that isnt sustainable.

when it comes to public paid pensions, see below.[/QUOTE]

There are several reasons it isn't sustainable. In some cases unsustainable deals were struck with union leadership by management because management realized they would be long gone by the time the deals came due. But that doesn't tell the whole story, pension funds get raided so that CEOs and their executive teams can make obscene profits or in the case of state governments, so they can spread around enough pork to get reelected, and by the time the chickens come home to roost it's someone else's problem.

We're also in a system of skyrocketing executive pay that cannot be sustained. That's a much more serious issue, a much more expensive issue, and it's money that's not paying for the golden years of a working man, but rather another yacht or house in the Hamptons for the super rich. Executive teams are raiding corporations, cheapening their good name for quick profits, grabbing anything they can from the pension fund, and pawning the husk off on the next guy in line. Workers are left holding the bag. However you'll never bring that up. We're a nation of contracts until it comes to honoring contracts with the people who actually work for a living.
 
[quote name='depascal22']What if that young 20 something with the welfare card and 2-5 kids is also in the military? Would he/she still be a lazy worthless person?[/QUOTE]

If you're 20-something and have five kids, you're likely a worthless piece of crap. With few exceptions, I don't think many 20-something parents are going to make enough money to support 5 children - let alone be able to save enough to send these kids to college. The life you're condemning those children to isn't pleasant. Even more so on the salary of a military man.
 
[quote name='UncleBob']If you're 20-something and have five kids, you're likely a worthless piece of crap. With few exceptions, I don't think many 20-something parents are going to make enough money to support 5 children - let alone be able to save enough to send these kids to college. The life you're condemning those children to isn't pleasant. Even more so on the salary of a military man.[/QUOTE]

http://www.labsupply.com.hk/images/Holitech Broad Brush Probe.jpg

Holitech%20Broad%20Brush%20Probe.jpg
 
[quote name='UncleBob']If you're 20-something and have five kids, you're likely a worthless piece of crap. With few exceptions, I don't think many 20-something parents are going to make enough money to support 5 children - let alone be able to save enough to send these kids to college. The life you're condemning those children to isn't pleasant. Even more so on the salary of a military man.[/QUOTE]

Likely.
Exceptions.
 
Social Security is sustainable, any fixes would be relatively minor.

I will tell ram the same thing I said about running to repeal the health care laws.

Good luck, I can see it now:

"Money for wars, None for you".
 
Wasn't there a bill a while ago going through Congress that restricted Social Security dollars to actual Social Security payouts? What happened to that?
 
[quote name='UncleBob']Likely.
Exceptions.[/QUOTE]

The brush isn't airtight.

Five kids is a tall order if you want to use daycare. However, a stay at home parent with a partner (preferably spouse) with no debts could get by on a factory job if it included health care benefits.

The family would probably have a diet high in scratch, watch nothing more than basic cable and get by on a landline or just one cell phone used sparingly. Their children would probably be savages with no understanding of twitter or facebook.
 
[quote name='UncleBob']Wasn't there a bill a while ago going through Congress that restricted Social Security dollars to actual Social Security payouts? What happened to that?[/QUOTE]

Politicians like to spend money.
 
[quote name='camoor']There are several reasons it isn't sustainable. In some cases unsustainable deals were struck with union leadership by management because management realized they would be long gone by the time the deals came due. But that doesn't tell the whole story, pension funds get raided so that CEOs and their executive teams can make obscene profits or in the case of state governments, so they can spread around enough pork to get reelected, and by the time the chickens come home to roost it's someone else's problem.

We're also in a system of skyrocketing executive pay that cannot be sustained. That's a much more serious issue, a much more expensive issue, and it's money that's not paying for the golden years of a working man, but rather another yacht or house in the Hamptons for the super rich. Executive teams are raiding corporations, cheapening their good name for quick profits, grabbing anything they can from the pension fund, and pawning the husk off on the next guy in line. Workers are left holding the bag. However you'll never bring that up. We're a nation of contracts until it comes to honoring contracts with the people who actually work for a living.[/QUOTE]

dont assume that because i think that social security, medicare and tax payer funded pensoins are unsustainable that i somehow think that CEOs deserve the outlandish pay they get. id like nothing more than to see those companies go out of business, but were living in the too big to fail era now when only mom and pop are allowed to go out of business.

[quote name='Msut77']Social Security is sustainable, any fixes would be relatively minor.

I will tell ram the same thing I said about running to repeal the health care laws.

Good luck, I can see it now:

"Money for wars, None for you".[/QUOTE]

and like i said before, i dont agree with it, but i do think its an effective campaign that will garner the republicans votes.

what would you consider a relatively minor fix? because if you think that shifting military spending to cover the ssa is reasonable, id disagree. the ssa needs to be self funding one way or another (be it raising taxes, raising the benefit age, lowering benefits etc). i dont think having one of the biggest expenditures be in the red. that being said i do think that we can lower military spending by a HUGE number (probably one of a few issues wed agree on).
 
[quote name='RAMSTORIA']what would you consider a relatively minor fix? because if you think that shifting military spending to cover the ssa is reasonable, id disagree.[/quote]

I don't care if you disagree, especially since it seems like as with so many other things you have mentioned in the past your disagreement isn't based on much of anything.

Aside from that I am not really saying that SS should be directly offset by cuts in the military, I am just pointing out that there is no particular reason why SS should be self funded 100% even in times of fiscal crisis anymore than our military adventures should be.

the ssa needs to be self funding one way or another (be it raising taxes, raising the benefit age, lowering benefits etc).

See the above better yet tell it to the Republicans, they are the ones on a jihad against SS. Go ahead and check out that cartoon I posted, a lot of the scaremongering anyway is about trust fund going broke. Which means even if it were to happen then it can just go back to the way things were pre-trust fund.

I would agree with most saying the demographics suck, but here is the thing demographics can't sneak up on you (see the cartoon) hence the trust fund.

Now as for the relatively easy fix, just raise the top rate at which people pay into SS, mind you none of this is even a real problem until decades from now even with the numbers from the current crisis.
 
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[quote name='RAMSTORIA']dont assume that because i think that social security, medicare and tax payer funded pensoins are unsustainable that i somehow think that CEOs deserve the outlandish pay they get. id like nothing more than to see those companies go out of business, but were living in the too big to fail era now when only mom and pop are allowed to go out of business.[/QUOTE]

Yes, the collusion between government and business (or the just plain lazieness and ineffieciency of government agencies like the SEC) is a huge problem.

We can talk about pensions all day but it just seems like more picking on the small guy for ideological reasons. In comparison to the problems created by toxic assets, too big to fail, and guys like Madoff, pension problems amount to chump change. I'd like it if we could focus more attention on the bad behavior of the top, the real problem, and leave it there. Just because we don't have the displeasure of seeing a rich guy collecting his free money from the government doesn't mean it doesn't happen or it's less offensive. I mean, yes it's more complicated, the treasury doesn't exactly hand over a booklet of "yacht stamps" to Goldman Sachs CEO Larry "we do God's work" Blankfein, but in the end it amounts to free money he used to line his pockets and in the end it's intensely more offensive and immoral. If you don't believe me go out and try to get a loan in the billions while your company's rep is in the crapper.
 
[quote name='Msut77']I don't care if you disagree, especially since it seems like as with so many other things you have mentioned in the past your disagreement isn't based on much of anything.

Aside from that I am not really saying that SS should be directly offset by cuts in the military, I am just pointing out that there is no particular reason why SS should be self funded 100% even in times of fiscal crisis anymore than our military adventures should be.

See the above better yet tell it to the Republicans, they are the ones on a jihad against SS. Go ahead and check out that cartoon I posted, a lot of the scaremongering anyway is about trust fund going broke. Which means even if it were to happen then it can just go back to the way things were pre-trust fund.

I would agree with most saying the demographics suck, but here is the thing demographics can't sneak up on you (see the cartoon) hence the trust fund.

Now as for the relatively easy fix, just raise the top rate at which people pay into SS, mind you none of this is even a real problem until decades from now even with the numbers from the current crisis.[/QUOTE]

ss shouldnt have to go into the red during times of economic crisis. but govt spending has left ss with nothing but worthless ious instead of having money in the bank.

raising the top rate is a start, going up to 250k isnt entirely unreasonable, but that in and of itself its not going to be enough. wed still need to change other things (like raising the age) and even after doing that its just going to buy time.

[quote name='camoor']Yes, the collusion between government and business (or the just plain lazieness and ineffieciency of government agencies like the SEC) is a huge problem.

We can talk about pensions all day but it just seems like more picking on the small guy for ideological reasons. In comparison to the problems created by toxic assets, too big to fail, and guys like Madoff, pension problems amount to chump change. I'd like it if we could focus more attention on the bad behavior of the top, the real problem, and leave it there. Just because we don't have the displeasure of seeing a rich guy collecting his free money from the government doesn't mean it doesn't happen or it's less offensive. I mean, yes it's more complicated, the treasury doesn't exactly hand over a booklet of "yacht stamps" to Goldman Sachs CEO Larry "we do God's work" Blankfein, but in the end it amounts to free money he used to line his pockets and in the end it's intensely more offensive and immoral. If you don't believe me go out and try to get a loan in the billions while your company's rep is in the crapper.[/QUOTE]

i know it seems like picking on the small guy, and believe it sucks for the small guy. but the problem is that some pensions are HUGE (especially in this state), as i said, more than 10,000 people are getting pensions as high above $100,000 a year. hell the highest pension in california is over $400,000 a year. and we just dont have the money. i mean not even close. the study i posted said california would have to invest $300b+ just to keep pensions going less than 20 years, thats more than twice our annual budget (which is already far too high) and theres virtually no way that the state can pay that.
 
[quote name='RAMSTORIA']ss shouldnt have to go into the red during times of economic crisis.[/quote]

I don't have a response to this.

It is like saying puppies shouldn't get old and die.

but govt spending has left ss with nothing but worthless ious instead of having money in the bank.

Are you quoting W?

They aren't worthless anymore than a dollar bill is a scrap of paper.

And it was never government spending exactly as much as it was the policies of the people you support.

wed still need to change other things (like raising the age) and even after doing that its just going to buy time.

There is no need to change retirement age, if things ever end up getting that bad I could support it but even then the time you are talking is decades stretching into an entire lifetime.
 
[quote name='depascal22']What if that young 20 something with the welfare card and 2-5 kids is also in the military? Would he/she still be a lazy worthless person?

I say this because a growing number of our nation's soldiers are on welfare/food stamps. Is that same person worthless now because they're sucking on the government's tit?
[/QUOTE]

So why do you think people feel entitled to have 2-5 kids... It's a very simple thing... if the job you have doesn't pay you enough to afford to provide for them, you shouldn't have them... it's called responsibility.

[quote name='depascal22']You act like everyone in America has a decent job waiting for them the minute they graduate from high school. You know this isn't true but it would have to be for all your hate to have any meaning.
[/QUOTE]

What do you consider decent? Most people don't have decent jobs waiting for them, they earn them. They take shitty jobs and work hard to make something of themselves. I've done my fair share of jobs that noone wanted to do. Before this recession, there were tons of jobs to be had. A lot of people just had too much pride or whatever than to take them.

How many Americans would take a job picking produce all day every day? Very few, they feel they're entitled to get out of school and get a nice desk job doing jack shit and making 100K a year. Sure going out in the hot sun day after day harvesting produce isn't most people's idea of a decent job (or mine for that matter), but ya know what... it puts food on the table.

Entitlement programs are mostly about keeping people in poverty and therefore under control when they should be about picking people up and helping them to become better.

If you want to call it hate for me to want to see people strive to do better, I'm fine with that.
 
There are plenty of legal Mexican-Americans who work in fields. However picking in a field is more than a job that is not decent, considering that most of the regulations are not followed (at least in my experience picking in California's central valley while I was still in high school). The incidence of hospitalized field workers due to not being supplied water and farmers ignoring federal regulations about forcing workers to pick during exceedingly arid conditions is not only degrading but also dangerous. Entitlement programs do not keep people in poverty, there were already plenty of people in poverty before they were put in place and there are still plenty of people living in poverty after they were put in place.
 
[quote name='RAMSTORIA']i know it seems like picking on the small guy, and believe it sucks for the small guy. but the problem is that some pensions are HUGE (especially in this state), as i said, more than 10,000 people are getting pensions as high above $100,000 a year. hell the highest pension in california is over $400,000 a year. and we just dont have the money. i mean not even close. the study i posted said california would have to invest $300b+ just to keep pensions going less than 20 years, thats more than twice our annual budget (which is already far too high) and theres virtually no way that the state can pay that.[/QUOTE]

Well, I absolutely agree that some pensions are of control. There's a good case of this on the east coast in Rhode Island:

http://www.wbur.org/npr/125061895

Fact is that, as you can see in the article, politicians are addressing it because they simply have no choice. The check is coming due and there's nowhere left to run.

There are a million ways to pawn financial obligations off on the next generation, it will always be an easy and expedient choice for politicians and business leaders. In the end it must come down to morality. In this day and age, well, good luck.
 
[quote name='Afflicted']So why do you think people feel entitled to have 2-5 kids... It's a very simple thing... if the job you have doesn't pay you enough to afford to provide for them, you shouldn't have them... it's called responsibility. [/QUOTE]

Yet conservatives fight planned parenthood every chance they get. Ironic isn't it? I don't know any 16 year olds that are capable of taking care of 1 kid but you guys will fight tooth and nail to make sure she carries that baby to term just to prove a point.

And you're a fucking moron if you think I ever said anyone was entitled to children. I just don't understand the irrational hate towards people with alot of kids. Regardless if you think they deserve them, the children need support. Would you rather tell the family to fuck themselves and starve just to prove your point about responsibility.

As for decent jobs, it's a very simple answer. A decent job allows you to pay bills, eat food, and put a roof over your head.

I don't know why I even bother to respond since you're going to go on about how you work so hard and no one in America has any right to any of that money. You'll go on and on about responsibility and use all the words you learned in public school. You'll sit in your safe and secure home while cops patrol by and bitch about the state of the world all the while doing absolutely nothing to make it better.
 
I'm still having a hard time understanding how Soc Sec can get so damned underfunded. The prevailing theory being that people taking SS benefits are being replaced by new workers. If that's the case, then shouldn't the new workers be paying for the current retirement benefits in a continuos cycle? I know this is severely simplfying the matter, but why doesn't that work?

Using the same argument, but from a slightly different point of view, if the reason that we're having this huge SS crunch is because boomers are now getting their first payments, doesn't that mean that there will be a huge amount of jobs becoming available?
 
[quote name='nasum']I'm still having a hard time understanding how Soc Sec can get so damned underfunded. The prevailing theory being that people taking SS benefits are being replaced by new workers. If that's the case, then shouldn't the new workers be paying for the current retirement benefits in a continuos cycle? I know this is severely simplfying the matter, but why doesn't that work?

Using the same argument, but from a slightly different point of view, if the reason that we're having this huge SS crunch is because boomers are now getting their first payments, doesn't that mean that there will be a huge amount of jobs becoming available?[/QUOTE]

thats pretty much how the system is. SS is funded by people currently working. the main reason for this is because the govt spent every extra penny SS ever took in. for many many many years SS had a surplus. but the funds were replaced by IOUs.

with the baby boomers on the verge of becoming SS eligible recipients are be withdrawing more money than current workers are putting in (estimates put that anywhere between 5-10 years) and at that point these IOUs are going to need to be cashed. problem is, the federal government has been posting deficits the last 8 years and were 11 trillion in debt.
 
[quote name='nasum']I'm still having a hard time understanding how Soc Sec can get so damned underfunded. The prevailing theory being that people taking SS benefits are being replaced by new workers. If that's the case, then shouldn't the new workers be paying for the current retirement benefits in a continuos cycle? I know this is severely simplfying the matter, but why doesn't that work?[/quote]

Well right now it isn't working because so many are out of work.
 
Social Security relies on two things:

1. People die before claiming benefits or die shortly after they start claiming benefits.

2. The multiple of current workers to retirees is greater than two.
 
[quote name='Msut77']Well right now it isn't working because so many are out of work.[/QUOTE]

yeah, its just a down year. cmon...
 
[quote name='elprincipe']You're missing the factual mistake in the reply to you. Government pensions generally aren't funded by contributions from employees, as most private pensions are. You and I contribute our hard-earned cash to a 401(k) for retirement. Joe government employee gets a fully paid-for pension package -- many times incredibly generous, mind you, even some at full salary -- while you and I get whatever we've managed to save. That's why the pension situation is out of control: because they don't pay in, they just take out. And don't forget to check out Greece for an example of a further-developed system along the same lines.[/QUOTE]

so you're jealous of the people with pensions... got it.
 
[quote name='onetrackmind']so you're jealous of the people with pensions... got it.[/QUOTE]

That must be it. Wow, you found me out.
 
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