Peg leg's thread

[tombogan03884]

http://www.downrange.tv/forum/index.php?topic=16895.0;topicseen

I didn't vote in my own poll, I'm on the fence between 2-3-and 4

[Pathfinder]

Someone else and I voted, 3 seems to be a clear majority - so far!  

[GASPASSERDELUXE]

There is always the possibility of the checks not going out but it is certinley fear mongering from BHO oand the other democrats. My SS check isn't due out till the 17th but i still work part time and have money saved up so personally i wouldn't be inconveinced by it.

[PegLeg45]

I'm leaning toward fear mongering, in order to gain 'support' from seniors..........This one is "ify" to "touchy" until I can do some more checking. Most things I've read is that the SS fund 'should' be OK for few more years (somewhere between 2025 and 2036 depending on the given analyst).

I don't know what he is getting at yet, like what the administration can do to involve/affect the outgoing checks (like stopping payment), or if the money in the fund has run out early, or if he is referring to the folks that send out the checks not being there to send them.

He said:

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"

But I've always thought that was a separate money fund (even though it has been raided regularly for decades).

Hell, at this point, I don't know.

[Badgersmilk]

I was torn between "Fear mongering" and "a bailout will come from somewhere"...  It ALLLWAYS does.  And as soon as it does they'll put us at ease by talking about nothing but Harry Potter for a month...  Then they'll try to scare us with some other BS.  It's the way of modern american politics. 

I wouldn't call it socialist though.  Socialists actually had legitimate reason to fear for their lives in history!  Why the hell would anyone kill off their fat little sheep (us) when we're so gullible, reliable, and can so easily be milked for every dollar we make???  We have nothing REAL to fear until we quit producing.

[Sponsor]

[tombogan03884]

I'm leaning toward fear mongering, in order to gain 'support' from seniors..........This one is "ify" to "touchy" until I can do some more checking. Most things I've read is that the SS fund 'should' be OK for few more years (somewhere between 2025 and 2036 depending on the given analyst).

I don't know what he is getting at yet, like what the administration can do to involve/affect the outgoing checks (like stopping payment), or if the money in the fund has run out early, or if he is referring to the folks that send out the checks not being there to send them.

He said:
But I've always thought that was a separate money fund (even though it has been raided regularly for decades).

Hell, at this point, I don't know.

Until the Johnson administration what you payed into Social Security was held in a trust fund, ( Not sure if it was interest bearing, or put into investments , but its growth was far exceeding the estimated demand ) Then Johnson , abetted by a dem congress, stole it, and placed it into the General fund to finance his "Great America" welfare boondoggle.
It has been in trouble ever since, just like his Republican opponents predicted, and it has not changed the "poverty level" by 1%

[Solus]

Worked for a school district for a few years and they had a retirement program outside SS, similar to other government agencies.

We visited the computer department of the company running it and I noted that all their Personal Computer gear was the most current.

The head of the department explained that they were investing the contributions made by employees (same % as SS) and the matching funds of the employer (again same % as SS) and since they were a regulated non-profit organization, the profit they could make was limited.  

He said that they completely replaced their PC gear in under 6 mos after purchase just to keep their profits within the allowed cap and had been doing so for years.

So, if SS had been regulated in the same lame way, they would have money to burn.

And  now they are blackmailing SS recipients to get more debt approved.  Disgusting.

[Badgersmilk]

Excuse my international spending naivety here.  But exactly WHAT IS THE POINT of having a "ceiling" or "cap" on our national debt?  When WE are the ones deciding if we go over that mark or not.  Supposedly this money is being lent to us.  And we're borrowing against loans (at a rate of 58,000 per minute I believe I heard).  How is it WE are the ones deciding what the cap of our loans are?  Who precisely is giving us the loan?  And why aren't we hearing any input from them on whether or not we will be raising the limit???

I was under the impression China had been the ones handing out all this money.  So why aren't we seeing Fox news videos of bama groveling at the feet of Chinese leaders, wiping their baby bater spillage from his cheek after trying to convince them he's worth it?

[tombogan03884]

Spending caps, tax caps, and deficit caps are meaningless vote getting PR bullsh!t.
They are supposedly a "line in the sand", They are sold to the stupid voters as a limit Taxes, spending, deficit, what ever will not go above X level THAT'S THE LAW !
 Politicians with nothing else to their credit can get a good number of votes by bragging how they introduced, sponsored, or supported the "cap".
As BM points out, when a "Cap" gets in the way of spending your money the same sanctimonious bastards simply vote  to change the law and raise the cap higher.
IT'S THE LAW ! And it doesn't mean crap.

[tombogan03884]

Just to avoid any confusion I want to point out that the other poll I posted is meant to focus on what will happen to the economy IF the Govt quits sending out checks, We know the the social impact will be when the welfare stops the cities will burn.
This poll is focused on whether or not they actually will stop sending checks.
After some thought I've added a new option.
The way I see it , at most they will delay checks for a couple weeks to teach the old folks a lesson.
The important question is "will banks honor checks sent out by a broke Govt ?"
If you or I tried that we'd be arrested for writing bad checks.