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Author Topic:   Is The World Getting Better Or Worse?
jar
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Posts: 31646
From: Texas!!
Joined: 04-20-2004
Member Rating: 2.6


(1)
Message 736 of 762 (866141)
11-06-2019 11:03 AM
Reply to: Message 735 by Faith
11-06-2019 9:47 AM


on the deficit
Faith writes:

That deficit is mostly built-in entitlements no President can touch.

More simply unsupported assertion Faith. Do you have any evidence to support that nonsense?

It can't be Social Security since it is impossible for it to contribute to the deficit.

quote:
By law, Social Security cannot contribute to the federal deficit, because it is required to pay benefits only from its trust funds. Those, in turn, are funded through a dedicated payroll tax of 12.4 percent of income, split evenly between employees and employers, levied on income (this year) up to $128,400.

The program’s revenue and expenses are accounted for through two federal trust funds that have operated with large and growing surpluses in recent years, and they finished fiscal 2018 with an estimated $2.89 trillion. By law, Social Security must invest these surplus funds only in special-issue U.S. Treasury notes, which have the same full faith and credit guarantee as any other federal bond.


Source

But it can the the tax cuts for the rich and increased spending under il Donald.

quote:
Treasury attributed the increase to the tax cuts contained in the Tax Cuts and Jobs Act (TCJA), higher spending and rising interest payments.

Source

That's the US Treasury analysis, which I believe is part of the Executive Branch of Government.

Note the deficit is far higher than it was just six years ago. Remind me who was President six years ago?


My Sister's Website: Rose Hill Studios     My Website: My Website

This message is a reply to:
 Message 735 by Faith, posted 11-06-2019 9:47 AM Faith has not yet responded

  
AZPaul3
Member
Posts: 4740
From: Phoenix
Joined: 11-06-2006
Member Rating: 4.2


(1)
Message 737 of 762 (866142)
11-06-2019 11:09 AM
Reply to: Message 735 by Faith
11-06-2019 9:47 AM


Re: 11,000 Alarm Bells
No, M'Lady. The deficit is borne of a lack of revenues and an over expenditure of discretionary funds.

Increase war spending to $900 billion and give $200 billion in fat cat tax cuts.

That is the Trump recipe for making the biggest deficit, the greatest deficit, a Trump sized deficit. The biggest asshole of a deficit in *any* nation's history.

So much for his promise to balance the budget. Just like "draining the swamp" he accomplished just the opposite.

Make America Broke Some More. Make America Corrupt Some More.

Asshole.

Lock him up! Lock him up! Lock him up!


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 735 by Faith, posted 11-06-2019 9:47 AM Faith has responded

Replies to this message:
 Message 738 by Faith, posted 11-06-2019 11:24 AM AZPaul3 has responded

  
Faith
Member
Posts: 33699
From: Nevada, USA
Joined: 10-06-2001
Member Rating: 1.2


Message 738 of 762 (866143)
11-06-2019 11:24 AM
Reply to: Message 737 by AZPaul3
11-06-2019 11:09 AM


Re: 11,000 Alarm Bells
NO, the bulk of the deficit is due to all the entitlements promised to all of us over the last few decades that are protected by law. In other words there is no way to reduce the deficit because these entitlements cannot be reduced. The best that could be done is add nothing to them, but of course every President adds something to them, and even if it's a small amount by most standards it raises the total scarily. As it should. But we can't get rid of those entitlements. So it's all going to go on galloping toward bankruptcy, and it's not Trump's fault though you want so very much for it to be.

This message is a reply to:
 Message 737 by AZPaul3, posted 11-06-2019 11:09 AM AZPaul3 has responded

Replies to this message:
 Message 739 by AZPaul3, posted 11-06-2019 11:32 AM Faith has responded
 Message 744 by Taq, posted 11-06-2019 3:38 PM Faith has not yet responded

  
AZPaul3
Member
Posts: 4740
From: Phoenix
Joined: 11-06-2006
Member Rating: 4.2


Message 739 of 762 (866147)
11-06-2019 11:32 AM
Reply to: Message 738 by Faith
11-06-2019 11:24 AM


Re: 11,000 Alarm Bells
Don't know much about government finance. Just like your knowledge of geology, genetics and religion.

But, hey, you're a christian. You have a built-in excuse to be so wrong about so many things.


Eschew obfuscation. Habituate elucidation.

This message is a reply to:
 Message 738 by Faith, posted 11-06-2019 11:24 AM Faith has responded

Replies to this message:
 Message 741 by Faith, posted 11-06-2019 11:38 AM AZPaul3 has not yet responded

  
Theodoric
Member
Posts: 6826
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.1


Message 740 of 762 (866148)
11-06-2019 11:32 AM
Reply to: Message 725 by Faith
11-05-2019 11:07 PM


Did Faith ***? Again?
No backup yet on this claim. I see you are posting other responses on this thread.

There are plenty of legitimate scientists who disagree with your 11,000.

Was it a ***?


Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 725 by Faith, posted 11-05-2019 11:07 PM Faith has responded

Replies to this message:
 Message 742 by Faith, posted 11-06-2019 11:40 AM Theodoric has responded

  
Faith
Member
Posts: 33699
From: Nevada, USA
Joined: 10-06-2001
Member Rating: 1.2


Message 741 of 762 (866149)
11-06-2019 11:38 AM
Reply to: Message 739 by AZPaul3
11-06-2019 11:32 AM


Re: 11,000 Alarm Bells
Well, I got the economics from a well known right wing pundit, and it's not that I don't know what geology and genetics say, I make use of most of it accurately enough, I just put it to different uses. It does involve rejecting some aspects of the theory about both of course, but I believe I'm truer to the actual facts of both. But about religion, no I do understand the Christian religion and there is only one way to be saved and it's very clear from the Bible as well as spelled out by the Protestant Reformers: trust Christ, that's it, anything we do to add to it is an insult to God.

This message is a reply to:
 Message 739 by AZPaul3, posted 11-06-2019 11:32 AM AZPaul3 has not yet responded

Replies to this message:
 Message 746 by dwise1, posted 11-06-2019 4:33 PM Faith has responded

  
Faith
Member
Posts: 33699
From: Nevada, USA
Joined: 10-06-2001
Member Rating: 1.2


Message 742 of 762 (866150)
11-06-2019 11:40 AM
Reply to: Message 740 by Theodoric
11-06-2019 11:32 AM


Re: Did Faith ***? Again?
Hold your horses, cool your jets, when I'm up to the research I'll get your list of dissenting scientists for you.

This message is a reply to:
 Message 740 by Theodoric, posted 11-06-2019 11:32 AM Theodoric has responded

Replies to this message:
 Message 743 by Theodoric, posted 11-06-2019 11:46 AM Faith has not yet responded

  
Theodoric
Member
Posts: 6826
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.1


Message 743 of 762 (866153)
11-06-2019 11:46 AM
Reply to: Message 742 by Faith
11-06-2019 11:40 AM


Re: Did Faith ***? Again?
Good, because this is going to be fun.

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 742 by Faith, posted 11-06-2019 11:40 AM Faith has not yet responded

  
Taq
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Posts: 8163
Joined: 03-06-2009
Member Rating: 4.2


Message 744 of 762 (866164)
11-06-2019 3:38 PM
Reply to: Message 738 by Faith
11-06-2019 11:24 AM


Re: 11,000 Alarm Bells
Faith writes:

NO, the bulk of the deficit is due to all the entitlements promised to all of us over the last few decades that are protected by law. In other words there is no way to reduce the deficit because these entitlements cannot be reduced.

Deficits are due to spending more than you bring in. Obviously, one of the solutions is to bring in more. Cutting taxes for the rich is just as much to blame for the deficit as it is Social Security and Medicare that take care of the middle class. It is interesting that you only want to attack the programs made for the middle class instead of the massive tax cuts for the rich. That doesn't even begin to touch on subsidies for rich oil companies and overspending on defense.


This message is a reply to:
 Message 738 by Faith, posted 11-06-2019 11:24 AM Faith has not yet responded

Replies to this message:
 Message 745 by jar, posted 11-06-2019 3:59 PM Taq has not yet responded

  
jar
Member
Posts: 31646
From: Texas!!
Joined: 04-20-2004
Member Rating: 2.6


(1)
Message 745 of 762 (866165)
11-06-2019 3:59 PM
Reply to: Message 744 by Taq
11-06-2019 3:38 PM


on Social Security
Taq writes:

Cutting taxes for the rich is just as much to blame for the deficit as it is Social Security and Medicare that take care of the middle class.

Social Security cannot have anything to do with the deficit. By law Social Security can only disburse money from the Trust Funds.

see Message 736.

The idea that Social Security adds to the deficit is just another Republican Porky.

Edited by jar, : fix link


My Sister's Website: Rose Hill Studios     My Website: My Website

This message is a reply to:
 Message 744 by Taq, posted 11-06-2019 3:38 PM Taq has not yet responded

  
dwise1
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Posts: 3843
Joined: 05-02-2006
Member Rating: 3.1


Message 746 of 762 (866166)
11-06-2019 4:33 PM
Reply to: Message 741 by Faith
11-06-2019 11:38 AM


Re: How Social Security Actually Works
Well, I got the economics from a well known right wing pundit, ...

Which proves what we've been telling you all along, that you are depending on sources that are misleading and deceiving you. Your "well known right wing pundit" is either lyiing to you outright or else is simply just as ignrant as you are.

Funding for both Social Security and Medicare Part A comes directly from very specific payroll taxes which are matched by employers. Those specific tax revenues go into special funds which can only be used to pay benefits. All excess money goes into special trust funds for paying benefits in the future; in the meantime trustees are expected to invest that money wisely, which means buying government bonds.

None of that has anything at all to do with the deficit (with the sole exception being that what the government owes the trust funds for those bonds shows up on the books as debt, but that also has nothing whatsoever to do with actual spending).

Please start learning how things actually work. You would be amazed at how many right-wing-pundit liies you will stop falling for.

 
{ABE:
Instead of relying on your right-wing-pundit lyiers, go to the source: The Social Security Administration's FAQs at faq.ssa.gov.

For example, What are the Social Security Trust Funds? (go to that page to use its links):

quote:
The Social Security Trust Funds include:
  • The Old-Age and Survivors Insurance Trust Fund; and
  • The Disability Insurance Trust Fund.
The Department of the Treasury manages these funds. The law requires us to invest trust fund assets we don’t need to pay current benefits and administrative expenses. We invest them in interest-bearing obligations of the United States. These special obligations, issued exclusively to the Trust Funds, must pay interest equal to the prevailing rate on outstanding federal securities.

See Social Security Trust Funds for more information.


The "more information" link takes you to a page listing a number of answers to frequently asked questions about the trust funds at https://www.ssa.gov/OACT/ProgData/fundFAQ.html#a0=7.

}

Edited by dwise1, : modified sub-title

Edited by dwise1, : ABE


This message is a reply to:
 Message 741 by Faith, posted 11-06-2019 11:38 AM Faith has responded

Replies to this message:
 Message 747 by Faith, posted 11-06-2019 6:28 PM dwise1 has responded

  
Faith
Member
Posts: 33699
From: Nevada, USA
Joined: 10-06-2001
Member Rating: 1.2


Message 747 of 762 (866172)
11-06-2019 6:28 PM
Reply to: Message 746 by dwise1
11-06-2019 4:33 PM


Re: How Social Security Actually Works
What you all "tell" me is what is *****, my sources are good researchers.

I didn't name the entitlements so you are assuming a lot.


This message is a reply to:
 Message 746 by dwise1, posted 11-06-2019 4:33 PM dwise1 has responded

Replies to this message:
 Message 748 by jar, posted 11-06-2019 6:59 PM Faith has not yet responded
 Message 749 by dwise1, posted 11-06-2019 7:22 PM Faith has not yet responded
 Message 750 by Theodoric, posted 11-06-2019 11:34 PM Faith has not yet responded
 Message 752 by Theodoric, posted 11-08-2019 2:24 PM Faith has not yet responded
 Message 754 by dwise1, posted 11-08-2019 3:17 PM Faith has responded

  
jar
Member
Posts: 31646
From: Texas!!
Joined: 04-20-2004
Member Rating: 2.6


(1)
Message 748 of 762 (866181)
11-06-2019 6:59 PM
Reply to: Message 747 by Faith
11-06-2019 6:28 PM


Re: How Social Security Actually Works
So name the entitlements.

My Sister's Website: Rose Hill Studios     My Website: My Website

This message is a reply to:
 Message 747 by Faith, posted 11-06-2019 6:28 PM Faith has not yet responded

  
dwise1
Member
Posts: 3843
Joined: 05-02-2006
Member Rating: 3.1


Message 749 of 762 (866183)
11-06-2019 7:22 PM
Reply to: Message 747 by Faith
11-06-2019 6:28 PM


Re: How Social Security Actually Works
To add to jar's extremely reasonable request that you name the entitlements, please also add the following information about those entitlements:

  1. Name the source of their funding; eg, from which government funds, from which taxes or other revenue sources.

  2. List how much is allotted to them.

  3. Tell us what percentage of total government expenditures goes to those entitlements.

  4. Explain to us the effect that eliminating those entitlements would have on the deficit. Use specific numbers.

What you all "tell" me is what is *****, my sources are good researchers.

We are giving you the straight facts from our sources which includes the Social Security Administration, the people who actually work with SS for a living. You haven't even bothered to name your sources nor what their "sources" are supposed to be.


This message is a reply to:
 Message 747 by Faith, posted 11-06-2019 6:28 PM Faith has not yet responded

  
Theodoric
Member
Posts: 6826
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 3.1


Message 750 of 762 (866188)
11-06-2019 11:34 PM
Reply to: Message 747 by Faith
11-06-2019 6:28 PM


Re: How Social Security Actually Works
Name your sources. I am quite sure I can show they are not honest or are not telling the whole truth.

Facts don't lie or have an agenda. Facts are just facts

"God did it" is not an argument. It is an excuse for intellectual laziness.

If your viewpoint has merits and facts to back it up why would you have to lie?


This message is a reply to:
 Message 747 by Faith, posted 11-06-2019 6:28 PM Faith has not yet responded

  
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