Hillary On Social Security: “This is the most successful domestic program in the history of the United States,”
She said that and then some to AARP. Social Security is on the verge of financial collapse, yet Hillary calls it the most successful domestic program. She will take private accounts off the table because you are too stupid to make your own decisions. Everyone knows that our government is the answer.
Ed points out that the program’s trustees issued a report in April that made clear the deficits Social Security faces:
Has the size of the Social Security problem changed over the last year?
* In net present value terms, Social Security owes $6.8 trillion dollars more in benefits than it will receive in taxes. That number includes $2.0 trillion, in net present value terms, to repay the bonds in Social Security’s trust fund. This $300 billion increase is almost 4.5 percent higher than last year’s $6.5 trillion number. The 2007 number consists of $2.0 trillion to repay the special issue bonds in the trust fund and $4.8 trillion to pay benefits after the trust fund is exhausted in 2041.Net present value measures the amount of money that would have to be invested today in order to have enough money on hand to pay deficits in the future. In other words, Congress would have to invest $6.8 trillion today in order to have enough money to pay all of Social Security’s promised benefits between 2017 and 2081. This money would be in addition to what Social Security receives during those years from its payroll taxes. ….
* Social Security spending will exceed projected tax collections in 2017. These deficits will quickly balloon to alarming proportions. After adjusting for inflation, annual deficits will reach $67.8 billion in 2020, $266.5 billion in 2030, and $330.9 billion in 2035.
There was no lockbox during the Clinton years,nor is there one during this administration. Congress has been and will continue to spend the money just as quickly as it is can gets it’s pork stained hands on it.
September 4, 2007 - 10:02 PM on September 4th, 2007
“Social Security is…the most successful domestic program.”
————–
She’s right. Since it’s inception, S.S. has kept millions of Americans out of poverty, or even worse.
God Bless FDR. The greatest modern American president.
September 4, 2007 - 10:46 PM on September 4th, 2007
Oh yes, from the Marxist point of view (which is HilLiary) it is extremely successful! It has paid far more to people than they ever put in by taking from others! Great redistribution! And now it takes from working people and if it ever gives them anything, it will be far less than they could have gotten by putting that money in an index fund! Woo Hoo!
September 5, 2007 - 05:48 AM on September 5th, 2007
SFL, successful in what context? Providing funds for DC politicians to waste while duping the public into thinking this is a retirement program is not a successful program. It is a successful scam.
September 5, 2007 - 11:15 AM on September 5th, 2007
PCD…I suggest you take an American History class at your local community college.
Social Security kept millions of workers and seniors out of poverty, which was as high as 50% back in the 1930’s.
Since then, SS has been a life-line to millions af American men and women.
(Goddamn, some of you conservatives are so f*cking IGNORANT of history sometimes.)
September 5, 2007 - 11:17 AM on September 5th, 2007
Oh, and I forgot to add…this is why we had a Democratic Majority for nearly 50 years…
The American people saw which political party it was who protected them in their greatest time of need.
…and it wasn’t the Republicans.
September 5, 2007 - 11:22 AM on September 5th, 2007
SFL, you are Monica-ing lies. You are the ignorant one. SS is a Ponzi scheme. It always has been and always will be. You as a private person can not set up a similar scheme without going to jail.
I can go on and on, but you are too dense and are drinking too much Kool-aid to hear the truth and ACCEPT IT.
Damn liberals like you are ruining the country and are too dense to realize it.
September 5, 2007 - 11:28 AM on September 5th, 2007
PCD…are you saying then that Social Security DID NOT keep millions of american Seniors and retired persons out of poverty?
Do you have any evidence for this?
Maybe a link to an article showing that American Poverty was NOT reduced by Social Security?
No?
Go back to school, dude. These are American history basics, here.
September 5, 2007 - 11:34 AM on September 5th, 2007
Hang on a sec SF. Are you suggesting that I am saying that we get rid of SS? That isn’t what I am saying at all. SS has helped a great many people, but it is not a success if you have spent the money before it’s collected. It isn’t a success if the answer is to cut benefits to some while not others, reason being, they put the money in with the understanding they could take it out.
Private accounts would need to be set up in the same fashion that 401Ks are. You put money in that can not be touched legally until a certain age. If you sign up for a private account, funds are automatically deducted from paycheck, just as SS benifits are currently done.
September 5, 2007 - 11:36 AM on September 5th, 2007
4- This country was going through a depression, and poverty was high with or without SS. It doesn’t raise anyone out of poverty, it provides a safety net…a safety net that is subject to garnishment.
September 5, 2007 - 11:40 AM on September 5th, 2007
Of course YOU don’t want to get rid of S.S., Peejz.
But there are people like PCD and others who do…along with the Department of Education, and so on…
People often call Liberals the radical ones, but I think that the people who want to eliminate historic safety net programs are the real radicals.
And yes, Social Secuirty DID raise millions of people out of poverty, or at the very least prevented them from falling deeper into it.
September 5, 2007 - 11:55 AM on September 5th, 2007
SFL, you are an economic fool. Show me how you own anything in Social Security. You don’t, FOOL! Even the Motley Fools will tell you that.
The one that needs to go to school is you, SFL, as you know nothing but spew lies your butt buddies tell you.
September 5, 2007 - 12:24 PM on September 5th, 2007
10- No one here is calling to get rid of SS. What we are calling for is reform…
Can you show me links to support that SS raised millions out of poverty?
September 5, 2007 - 01:34 PM on September 5th, 2007
Remember when Klinton was Pres the democrites were talking about how SS was in trouble and it badly needed reform? Then Bush got in and suddenly, no problema! When Bush wanted to institute badly-needed reforms: Why, SS couldn’t be better according to the Democrites! There was NO problem whatsoever! Huh? What?
Of course they did not want to go along with anything that might give credit to Bush. They’d rather play with people’s futures than cede anyhting sst sll
September 5, 2007 - 05:33 PM on September 5th, 2007
San Fran Lib-
You’re joking aren’t you?
Let me give a few websites go to for real analysis by real economists. Not Keynesians :
http://www.fee.org/publications/the-freeman/article.asp?aid=5067
Here are the deceits that Congress have perpetrated on Americans:
http://www.capmag.com/article.asp?ID=4150
http://www.capmag.com/article.asp?ID=4158
And even your god, FDR, when one of his advisors told him “Mr. President, Social Security, as designed, will be bankrupt in 60 years” replied “Yes, but we’ll all be dead by then.” The only thing that has kept it alive is higher payroll taxes.
Read the websites, if you dare, San Fran Lib.
Oh, and if you’d like to see how “the greatest president ever” doomed tens of millions of Americans to poverty and despair, go here to read how FDR took a recession and turned it into a real depression. And became the first person ever to create a depression in a depression:
http://www.mackinac.org/article.aspx?ID=4013
September 5, 2007 - 11:48 PM on September 5th, 2007
Hey Peejz, what’s up? My comment isn’t posting.
September 6, 2007 - 06:28 AM on September 6th, 2007
SS is a Ponzi scheme, and that’s why it’s going bankrupt.
Plus, if someone can show me where in the Constitution the federal government is authorized to provide for our education, retirement, health care, etc., I would greatly appreciate it. Thanks in advance.
September 6, 2007 - 06:47 AM on September 6th, 2007
I see SFL, like Cool Hand Luke, has nothing.
SFL, why do you bother being a fool here?
September 6, 2007 - 10:09 AM on September 6th, 2007
PCD please don’t beat up SFL too bad. He may be the last Liberal left who posts much here. Another Kool-Aid Drinker (AKD) is gone, apparently couldn’t take the beating on his Church of Global Warming advocacy position. Eben only posts on homosexuaity-related topics. Except for an occasional mentally-ill Kos or DU-inspired hit-and-run post, there aren’t many Libs left.
We need at least one for batting practice…
September 6, 2007 - 10:10 AM on September 6th, 2007
I forgot Matthias, sorry, Matthias how could I forget you?
September 6, 2007 - 10:37 AM on September 6th, 2007
I actually like talking to SFL
September 6, 2007 - 10:38 AM on September 6th, 2007
Mattithas? I gotta say, after the arrests, I wondered if he was involved.
September 6, 2007 - 05:11 PM on September 6th, 2007
“Plus, if someone can show me where in the Constitution the federal government is authorized to provide for our education, retirement, health care”
——————
LOL…run for office on that.
Americans would, and have, overwhelmingly rejected that shitty take on social safety nets.
September 6, 2007 - 05:20 PM on September 6th, 2007
You guys are great here at RV.
Left or Right, we’re all are Americans here, and we love our country with equal passion…
I come here because I like hearing rightwing opinions. And over the past two years or so we’ve kind of gotten to “know” eachother a bit. Pretty neat.
PCD and the likes: relax. don’t take this stuff too seriously.
September 7, 2007 - 05:57 AM on September 7th, 2007
23, I take this country and its welfare very seriously. YOU need a shrink.