Page 4 of 204 FirstFirst ... 234561454104 ... LastLast
Results 61 to 80 of 4079

Thread: Economics Thread

  1. #61
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Someone has to figure out these entitlements


  2. #62
    It's OVER 5,000!
    Join Date
    Dec 2014
    Posts
    11,424
    Thanks Thanks Given 
    795
    Thanks Thanks Received 
    3,442
    Thanked in
    2,289 Posts
    Quote Originally Posted by sturg33 View Post
    Someone has to figure out these entitlements

    It’s incredible that this news got no pull today, meanwhile every outlet was running wall to wall coverage of the Philadelphia Eagles non-visit.

    This country is so stupid.

  3. #63
    A Chip Off the Old Rock Julio3000's Avatar
    Join Date
    Jul 2013
    Posts
    15,038
    Thanks Thanks Given 
    6,273
    Thanks Thanks Received 
    9,790
    Thanked in
    5,155 Posts
    Quote Originally Posted by chop2chip View Post
    It’s incredible that this news got no pull today, meanwhile every outlet was running wall to wall coverage of the Philadelphia Eagles non-visit.

    This country is so stupid.
    I dunno. I mean, yes, this country is stupid, but I don't know if this is "news," exactly. This story comes and goes as reliably as the sun, and it's always the same. It can be discussed in good faith or bad, but the story is always the same.

    Conservatives want to privatize, cut benefits or abolish SS, which is politically unpopular. Democrats want to shore it up, which necessitates a tax increase, the politics of which is likewise tough.

    For the wealthiest country on earth, this is an eminently fixable problem, demographic challenges or no.

  4. #64
    Shift Leader thethe's Avatar
    Join Date
    Jul 2013
    Posts
    69,587
    Thanks Thanks Given 
    5,511
    Thanks Thanks Received 
    5,180
    Thanked in
    3,899 Posts
    What's going to eventually help social security is the decreasing birth rate. They'll up the retirement age 2 years and hold off on the issue with the hopes that an economic revival, buoyed by good old fashion capitalism, will get us back on track.

    However, privatizing the system would be best and allow the workers to have more control over our future

  5. #65
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    Privatizing is quite the opposite of SS and a ridiculous idea for anyone outside of the donor class or their minions.

    I play in retirement homes and see people there where the only secure source of income is SS.
    Imagine allowing the Trump University Board of Directors getting their hands onSS. Or one of those elderly with dishonest children investing their money in the latest Madoff scheme

    One more note, SS covers families where the main source of income has died, ala Paul Ryan.
    ////////////////////////////////////////////////////////////////////////////////////////////////////////

    It is called a safety net for a reason
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  6. #66
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Quote Originally Posted by chop2chip View Post
    It’s incredible that this news got no pull today, meanwhile every outlet was running wall to wall coverage of the Philadelphia Eagles non-visit.

    This country is so stupid.
    The issue is too complex for voters, and they aim to keep it that way so that 57 can confidentially post how the Republicans hate poor people.

    It is very sad that our government has decided that it is ok to rob from future generations who have yet to be born

  7. #67
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    you're too young to remember Bush43 declaring his mandate to privatize SS -- in effect, the government did not decide .
    You can look all that up -- historical data ---

    not complex one bit.
    Safety net vs the Trumps and Madoffs of the world


    More historical data you might find interesting is why there was a need for SS in the first place.
    Interesting stuff - perhaps a bit too emotional but, interesting never the less

    .....................

    Remind me again how many candidates are running on privatization and those that were how they are faring
    Last edited by 57Brave; 06-06-2018 at 10:02 AM.
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  8. #68
    A Chip Off the Old Rock Julio3000's Avatar
    Join Date
    Jul 2013
    Posts
    15,038
    Thanks Thanks Given 
    6,273
    Thanks Thanks Received 
    9,790
    Thanked in
    5,155 Posts
    The experience of the Bush years should have been cautionary. He made SS privitization the centerpiece of his 2004 post-election agenda. It bricked. Within a couple of years the markets tanked, with the Dow going from 14400 to 6600 in about 18 months. Imagine what would have happened to near-retirees who had their money in the market. Sorry Grandpa, back to work.

  9. #69
    A Chip Off the Old Rock Julio3000's Avatar
    Join Date
    Jul 2013
    Posts
    15,038
    Thanks Thanks Given 
    6,273
    Thanks Thanks Received 
    9,790
    Thanked in
    5,155 Posts
    Quote Originally Posted by sturg33 View Post
    The issue is too complex for voters, and they aim to keep it that way so that 57 can confidentially post how the Republicans hate poor people.

    It is very sad that our government has decided that it is ok to rob from future generations who have yet to be born
    It really isn't.

  10. #70
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Popularity with voters does not equal "right thing to do"

  11. #71
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Quote Originally Posted by Julio3000 View Post
    It really isn't.
    It involves math so....

  12. #72
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    math being only one part of the equation.
    something about eggs and baskets
    And, as in baseball, analytics (math) tell a portion of the story, but not the whole picture

    SS is the Charlie Culberson of the social contract.

    What analytic could have predicted he would win 2 walkoff games in week?
    Some scout somewhere was not surprised

    Well, that is SS
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  13. #73
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    Quote Originally Posted by sturg33 View Post
    Popularity with voters does not equal "right thing to do"
    But it does dictate what will be the thing - to be done and what our leaders are tasked with making happen.

    and who says it isn't the right thing to do ?
    You, Tikiboi ?

    Again, who is running on privatizing SS ?
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  14. #74
    A Chip Off the Old Rock Julio3000's Avatar
    Join Date
    Jul 2013
    Posts
    15,038
    Thanks Thanks Given 
    6,273
    Thanks Thanks Received 
    9,790
    Thanked in
    5,155 Posts
    I'm not saying it's inconceivable to do some kind of limited privatization...on an opt-in basis, maybe, for younger workers. Not my pref at all, but maybe there's something there.

    But the doomsday talk with an eye to essentially ending the program is ridiculous. You want the SSA to pay full benefits after 2034? Raise the income cap on contributions, consider tweaking the qualification age.

  15. #75
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Quote Originally Posted by 57Brave View Post
    math being only one part of the equation.
    something about eggs and baskets
    And, as in baseball, analytics (math) tell a portion of the story, but not the whole picture

    SS is the Charlie Culberson of the social contract.

    What analytic could have predicted he would win 2 walkoff games in week?
    Some scout somewhere was not surprised

    Well, that is SS
    I think this proves my point

  16. #76
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    Quote Originally Posted by 57Brave View Post
    But it does dictate what will be the thing - to be done and what our leaders are tasked with making happen.

    and who says it isn't the right thing to do ?
    You, Tikiboi ?

    Again, who is running on privatizing SS ?
    Math doesn't care about popularity. The program as constructed is not tenable long term. That is not politics. It's math.

    It's conceivable that nobody will ever do anything about it... And it's extremely likely that that will be very painful inaction

  17. #77
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    nothing is tenable long term
    I think that is in the Bible

    how do we make the math work for those people I play for in retirement/rest homes ?

    we seem to get only either / or choices driven by the just scrap the whole program (privatize) factions
    Last edited by 57Brave; 06-06-2018 at 02:14 PM.
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

  18. #78
    I <3 Ron Paul + gilesfan sturg33's Avatar
    Join Date
    Jul 2013
    Posts
    52,824
    Thanks Thanks Given 
    1,018
    Thanks Thanks Received 
    8,124
    Thanked in
    5,781 Posts
    I think we have to have a gradual change.

    Older people not impacted.

    Middle age people.may need to work longer

    Young people can opt out, or can be bought out

    The plan should be to do away with SS over a 20 year period

  19. The Following User Says Thank You to sturg33 For This Useful Post:

    acesfull86 (06-06-2018)

  20. #79
    Making Atlanta Great Again!
    #MAGA!

    Promises MADE, Promises KEPT!
    The Chosen One's Avatar
    Join Date
    Jul 2013
    Location
    School of Hard Cox
    Posts
    25,403
    Thanks Thanks Given 
    8,603
    Thanks Thanks Received 
    9,769
    Thanked in
    5,760 Posts
    The issue is technology is going to continue to cut manual labor down. And life expectancy is going up. So I do think the age requirement needs to go up.
    Forever Fredi


  21. #80
    It's OVER 5,000! 57Brave's Avatar
    Join Date
    Jul 2013
    Posts
    22,850
    Thanks Thanks Given 
    1,682
    Thanks Thanks Received 
    1,889
    Thanked in
    1,420 Posts
    Speaking as one about ready to cash in -- it already has in a sense.
    Many, no most, are working into their 70's to afford health care
    While receiving SS.

    Question:
    How effective of an employee is a person after 65 ?
    With deteriorating health, stamina and cognizance == is that really an across the board option ?
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

Similar Threads

  1. Sad state of American Economics
    By zitothebrave in forum LOCKER ROOM TALK
    Replies: 88
    Last Post: 11-19-2014, 01:40 PM
  2. Does Obama Understand Basic Economics?
    By acesfull86 in forum LOCKER ROOM TALK
    Replies: 2
    Last Post: 11-18-2014, 09:02 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •