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Posts by kabar

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  • 1 In 5 American Kids Rely On Food Stamps

    01/28/2015 8:57:47 PM PST · 14 of 23
    kabar to Steelfish
    Many of them are children of immigrants, legal and illegal.

  • Video shows Hezbollah Brigades convoy transporting American M1 tank

    01/28/2015 12:13:56 PM PST · 36 of 38
    kabar to edpc

    The problem is that they are not just killing one another. And they are using US weapons to kill and injure. The thread of this post is about Hezbollah possessing US weapons including tanks. They pose a danger to Israel and Americans in the region. That is how “we” lose.

  • Video shows Hezbollah Brigades convoy transporting American M1 tank

    01/28/2015 10:23:10 AM PST · 28 of 38
    kabar to edpc
    Target rich and no chance of collateral damage. How can you lose?

    If you are an Israeli soldier, you have a lot to lose. See my post #25 to see what happened today.

  • Video shows Hezbollah Brigades convoy transporting American M1 tank

    01/28/2015 10:20:44 AM PST · 25 of 38
    kabar to Brad from Tennessee
    Three killed as Israel and Hezbollah clash on Lebanese border--January 28, 2015

    Two Israeli soldiers and a Spanish UN peacekeeper have been killed as Hezbollah militants trade fire with Israeli forces on the Lebanese border.

    A spokesman for the UN Interim Force in Lebanon (Unifil) urged "maximum restraint to prevent an escalation".

    The peacekeeper was killed close to the disputed Shebaa Farms area, where an Israeli convoy was earlier hit by anti-tank missiles, killing two soldiers.

    The Israeli military responded by firing shells into southern Lebanon.

    Hezbollah said it carried out the missile attack in retaliation for an Israeli air strike that killed six of its fighters and an Iranian Revolutionary Guards general in the Syrian Golan Heights 10 days ago.

  • Gowdy Opening Statement at Benghazi Select Committee Hearing

    01/27/2015 10:25:22 PM PST · 8 of 38
    kabar to Dagnabitt

    The real deal or a whitewash? Only time will tell, but I lean to the latter. Boehner, Pelosi, Reid, and McConnell were all briefed on Benghazi and authorized the mission it was carrying out. Rogers has already bailed out. The public will never know what really happened. A cover-up at the highest levels took place involving both parties.

  • Gov. Walker backs citizenship pathway for illegal immigrants [July 03, 2013]

    01/26/2015 4:06:36 PM PST · 38 of 118
    kabar to mylife
    It’s just politics. Pathway means qualification hoops. Illegal means go to the back of the line.

    Pure BS. The back of the line begins in their home countries. We bring in 1.1 million legal immigrants a year. Why should we reward people who entered this country illegally and committed multiple other crimes to stay here including ID theft, working illegally, tax evasion, etc. When you reward something, you get more of it.

    We had a "one-time" amnesty in 1986. The proponents promised it would never happen again. The USG estimated that 1 million would apply, but the true number turned out to be 2.7 million. The process was rife with fraud. And there was a surge once the amnesty was announced.

    Now we have 12 to 20 million illegals. Once legalized, they will be sponsoring tens of millions of their relatives thru chain migration, i.e., family reunification. Why should we undermine the Rule of Law by legalizing these lawbreakers?

  • CBO: Deficits To Explode As Obama Leaves Office

    01/26/2015 3:51:31 PM PST · 32 of 43
    kabar to Revel
    The entitlement programs are driving the deficits. 10,000 baby boomers retire every day and will continue to do so for the next 20 years. We will double our population of those over 65 by 2030. In 1950 there were 16 workers for every retiree; today, there are three to one; and by 2030 there will be 2 to one. $40% of Medicare parts B and D come from the General Fund, by law. The premiums collected for Medicare cover only 25% of the costs. If these programs are not reformed, they will consume the entire budget.

    Medicare and SS are pay as you go programs, i.e., today's workers pay for today's retirees. We can't tax the worker enough to pay for these programs. The average Medicare recipient receives three times more in benefits than he paid into the system.

  • CBO: Deficits To Explode As Obama Leaves Office

    01/26/2015 3:37:00 PM PST · 29 of 43
    kabar to jazusamo

    The increases will be due primarily to the entitlement programs and other mandatories, which are on automatic pilot. Obama and Congress for that matter, have no control over them save for reforming them, i.e., reducing benefits or raising taxes or some combination thereof.

  • Gov. Walker backs citizenship pathway for illegal immigrants [July 03, 2013]

    01/26/2015 3:32:22 PM PST · 2 of 118
    kabar to gwgn02

    Forget about pro-amnesty Walker.

  • Democrats ought to be terrified about losing these 3 critical swing-states in 2016

    01/16/2015 7:45:58 AM PST · 20 of 53
    kabar to Din Maker

    Not going to happen during a Presidential election year when turnout is much higher. Demography is destiny.

  • Get Ready For The Worst Inflation Number In 6 Years

    01/16/2015 7:43:58 AM PST · 49 of 55
    kabar to babygene

    Inflation is not good for government if it means increased interest rates. Our debt servicing costs will skyrocket if we ever return to historical norms in terms of interest rates.

  • Get Ready For The Worst Inflation Number In 6 Years

    01/15/2015 10:01:39 PM PST · 13 of 55
    kabar to blam
  • Get Ready For The Worst Inflation Number In 6 Years

    01/15/2015 9:52:43 PM PST · 8 of 55
    kabar to PGR88
    Deflation is only a problem because of the huge government and private debts our leaders and the Federal Reserve have foisted on the nation.

    It also means artificially lowered interest rates that reduce debt servicing costs. It makes me think that this more manipulation by the Fed and the banks.

  • Get Ready For The Worst Inflation Number In 6 Years

    01/15/2015 9:50:30 PM PST · 6 of 55
    kabar to blam

    And it will mean lower COLAs for SS and federal pensions next year.

  • Poll: 62% support Obama’s executive amnesty on the merits, 55% say Congress should let it stand

    01/15/2015 8:34:08 PM PST · 5 of 32
    kabar to SeekAndFind

    Unbelievable. This country is finished.

  • Conservative Koch Brothers' Group Puts Congressional GOP On Notice (NPR)

    01/15/2015 7:32:20 PM PST · 11 of 16
    kabar to Drango

    The Koch brothers support amnesty. AFP is the vehicle for exerting their influence.

  • Germany balances budget for first time since 1969

    01/15/2015 12:18:22 PM PST · 16 of 17
    kabar to Berlin_Freeper

    The statisticians at the Organization for Economic Cooperation and Development (OECD) have done some analysis of average salaries.

    “At the top end of the distribution we have Belgium where single people pay 43% of earnings in income tax and social security contributions (or national insurance), followed by Germany with 39.9%,” says Maurice Nettley, head of tax statistics at the OECD. “The lowest rates are paid in Chile at 7% and Mexico at 9.5%.”

    These tax rates apply to single people with no children, on an average salary for their country.

    Belgium - 42.80%
    Germany - 39.90%
    Denmark - 38.90%
    Hungary - 35%
    Austria - 34%
    Greece - 25.4%
    OECD Average - 25.10%
    UK - 24.90%
    USA - 22.70%
    New Zealand - 16.40%
    Israel - 15.50%
    Korea - 13%
    Mexico - 9.50%
    Chile - 7%

    The following tax rates apply to married couples with two children.

    Denmark - 34.8%
    Austria - 31.9%
    Belgium - 31.8%
    Finland - 29.4%
    Netherlands - 28.7%
    Greece 26.7%
    UK - 24.9%
    Germany - 21.3%
    OECD average - 19.6%
    USA - 10.4%
    Korea - 10.2%
    Slovak Republic - 10%
    Mexico - 9.5%
    Chile - 7%
    Czech Republic - 5.6%

    In Germany the rate drops from 39.9% to 21.3% because of generous child tax credits. Across the OECD, tax rates drop by an average of 5.5% for married couples with children. Greece is the only country where you pay more tax if you are married with children.
    Continue reading the main story
    More on this subject

    There are more Porsche Cayenne owners in Greece than taxpayers earning more than 50,000 euros - true or false?
    The lengths people go to avoid paying tax
    UK tax: Do you give more than you get?

    Of course, the point of paying taxes is that the government is supposed to provide services for that.

    “In a lot of the European countries tax rates and social security contributions are high but the provision of benefits by the state tends to be very generous compared to countries in other parts of the world,” says Nettley.

    “If you fall ill or become unemployed the state will contribute and there are also generous pension arrangements.”

  • Oscars: Acting Nominees All White

    01/15/2015 9:17:29 AM PST · 6 of 82
    kabar to MeshugeMikey

    Should we get excited about the composition of the NBA All-Star team?

  • Pope on Charlie Hebdo: There are limits to freedom of expression when faith is insulted

    01/15/2015 6:46:42 AM PST · 76 of 141
    kabar to don-o
    Actually neither of those concepts are to be found in the Gospels or Epistles.

    But they are in our Constitution and in the laws of free, democratic countries around the globe. We are not governed by the Pope and ecclesiastical ordinances. And who should decide what the limits to freedom of expression are when faith is insulted? And what should the penalties be? And who should administer them?

    The Pope's stupid statement helps to justify the actions of these killers who were killing in the name of faith and as retribution for insulting "the Prophet." Faith should not be insulated from ridicule and mockery. Charlie Hebdo bears no fault for what happened to their staff.

    The Pope's ill-conceived remarks invite self-censorship, the worst censorship of all. He should be more concerned about the mass religious cleansing now underway in the Middle East and elsewhere. Tens of thousands of Christians are being killed and forced to flee their homes to escape the wrath of radical Islam. Equating that with "insulting" cartoons of Mohammed is a cruel joke.

  • Pope on Charlie Hebdo: There are limits to freedom of expression when faith is insulted

    01/15/2015 6:17:45 AM PST · 46 of 141
    kabar to DaveMSmith

    The Pope doesn’t seem to understand the concept of free speech and freedom of expression.

  • S. Fla. Republicans join Democrats in opposing DHS funding bill because of immigration amendments

    01/14/2015 9:57:33 PM PST · 8 of 19
    kabar to Regulator
    Rep. Mario Diaz-Balart, Rep. Ileana Ros-Lehtinen and freshman Rep. Carlos Curbelo

    Gee, I wonder what the connection is between these three and how they voted.

  • S. Fla. Republicans join Democrats in opposing DHS funding bill because of immigration amendments

    01/14/2015 9:56:00 PM PST · 7 of 19
    kabar to Ray76

    Blood is thicker than water.

  • Europeans are trapped in their self-made loop of political and security incorrectness.

    01/13/2015 10:26:17 AM PST · 5 of 9
    kabar to Sean_Anthony

    We are just as trapped as the Europeans.

  • PRINCE ALWALEED: Oil Is Never Going Back To $100

    01/12/2015 1:20:16 PM PST · 41 of 46
    kabar to ViLaLuz

    Not that easy to reconstitute an industry. We are competing against state-run oil companies. Private companies are reluctant to sink large amounts of money into a project that could be affected overnight by these state run operations. Countries can absorb the revenue losses far more easily than private firms. Monopolies destroy Mom and Pop operations by driving them out of business even if it means short term losses.

  • PRINCE ALWALEED: Oil Is Never Going Back To $100

    01/12/2015 10:46:28 AM PST · 20 of 46
    kabar to ViLaLuz
    Good.

    Good? Once they break the back of US oil production by making it uneconomical for us to produce oil, they will regain control over the price of oil, The Saudis and other OPEC countries are content to flood the global oil market to take out the competition. It is economics 101. This is the way monopolies destroy the competition.

  • PRINCE ALWALEED: Oil Is Never Going Back To $100

    01/12/2015 10:41:58 AM PST · 15 of 46
    kabar to headstamp 2

    OPEC and other oil producing countries are trying to destroy the growing US oil industry. Once they do that, oil prices will rise.

  • Republicans Can Win Boxer’s Senate Seat

    01/12/2015 10:19:52 AM PST · 7 of 48
    kabar to cotton1706

    Insane and inane commentary.

  • Op-Ed: Did Abbas Come to Honor the Victims or the Terrorists?

    01/12/2015 6:42:56 AM PST · 9 of 17
    kabar to Dave346

    Abbas was invited by Hollande because he could not dissuade Bibi from coming. In other words, Abbas was there to neutralize Bibi and Israel. After all, these attacks had nothing to do with radical Islam,

  • Eric Holder, top U.S. officials no-shows at Paris unity rally

    01/11/2015 7:49:54 PM PST · 44 of 54
    kabar to dead

    Holder was in Paris at the time and he is the Attorney General of the US and is responsible for prosecuting terrorists among other things, The FBI works for him.

  • Eric Holder, top U.S. officials no-shows at Paris unity rally

    01/11/2015 7:47:32 PM PST · 42 of 54
    kabar to SoFloFreeper

    Look what they did to the maker of the video that supposedly launched the attack against our mission in Benghazi. Or the measures they took against James Rosen. They are not for free speech. They are oppressors who share more values with the radical Islamists than they do with our Founders.

  • French far-right 'barred' from national unity rally

    01/11/2015 9:44:08 AM PST · 26 of 80
    kabar to Irenic

    Exactly. Obsma and these apologists for radical Islam want to control the narrative for fear that it will spin out of control. The masses in Europe and the US and Canada understand the threat despite their leaders failure to identify the problem. These so-called leaders need to mount a massive propaganda effort to prevent the public from forcing them into taking the actions they should have taken a long time ago. And there will be civil unrest and division if something is not done.

  • Sunday Morning Talk Show Thread 11 January 2015

    01/11/2015 9:35:52 AM PST · 157 of 212
    kabar to Seattle Conservative
    Tons of people still at the march/rally in France, even though the proposed “end” was some time ago. People and leaders from all over the world attending.

    More pap for the masses with huge marches that do nothing. Hollande still says that the attack had nothing to do with Islam. And LePen and the National Front were not invited. These "world leaders" have tried to brand anyone who disagrees with their mass immigration policies and the importation of Third World muslims as racists and neo-Nazis. They are using the same tactics that are used by opponents of the Tea Party.

    If you can't identify the enemy, you will never win.

  • Sunday Morning Talk Show Thread 11 January 2015

    01/11/2015 9:29:22 AM PST · 155 of 212
    kabar to Seattle Conservative

    Just a day after the Charlie Hebdo shooting left 12 dead and had politicians calling for the country to unite, a row between politicians broke out after the National Front were not invited to take part in Sunday’s rally for “national unity” in Paris.

    For her part Marine Le Pen was furious that the party, who came out on top in the European elections last May, was “excluded” from the march.

    “It is very clear,” Le Pen said. “They say that the Front National (FN) are not welcome to a meeting where every other party is invited. There is no longer national unity, it’s disappeared because of their actions.”

    The party also fired out a tweet saying: “”The first party of France excluded from the demonstration! It’s a moral fault.”

  • Obama pushes $60 billion plan for free community college

    01/10/2015 7:18:07 AM PST · 19 of 81
    kabar to Kaslin
    These STOTU laundry list items never materialize. It is just more Administration/MSM propaganda to make it seem that Obama is setting the agenda and is relevant.

    I don't know why anyone bothers to take this seriously.

  • Prosecutors Recommend Felony Charges Against General Petreus for Email Leak

    01/09/2015 4:32:50 PM PST · 6 of 50
    kabar to Sacajaweau

    I bet DOJ won’t prosecute. Petreus kept his silence on Benghazi as part of the blackmail deal. Prosecuting him will open Pandora’s box. Obama and his thugs don’t want any part of it.

  • UNCENSORED [FRONT VIEW] Raid on hostage taker in Paris (WARNING: GRAPHIC)

    01/09/2015 4:27:05 PM PST · 44 of 78
    kabar to LYDIAONTARIO

    Ditto. The feel good video of the year.

  • French President Says Paris Attacks has Nothing to do with Islam

    01/09/2015 4:11:10 PM PST · 25 of 96
    kabar to TigerClaws

    Marine LePen.

  • Victor Davis Hanson: Liberalism has lost working class

    01/09/2015 4:06:36 PM PST · 7 of 29
    kabar to gaijin
    Both parties have abandoned the American worker in favor of corporate interests. Workers are disposable commodities. The importation of millions of foreign workers has resulted in lost jobs for the native born and depressed wages.

  • Court-martial for Bergdahl not too likely, some assert

    01/09/2015 9:03:42 AM PST · 11 of 39
    kabar to 2ndDivisionVet

    There won’t be a court martial in today’s politicized military. The price Obama paid to release a deserter can’t be exposed by a court martial.

  • Unemployment rate drops to 5.6% as economy creates 252,000 jobs

    01/09/2015 6:17:15 AM PST · 13 of 81
    kabar to expat_panama
    Among the major worker groups, the unemployment rate for adult women (5.0 percent) decreased by 0.2 percentage point in December, while the rates for adult men (5.3 percent), teenagers (16.8 percent), whites (4.8 percent), blacks (10.4 percent), and Hispanics (6.5 percent) showed little change. The jobless rate for Asians, at 4.2 percent (not seasonally adjusted), changed little from a year earlier. (See tables A-1, A-2, and A-3.)

    The civilian labor force participation rate edged down by 0.2 percentage point to 62.7 percent in December. Since April, the participation rate has remained within a narrow range of 62.7 to 62.9 percent. In December, the employment- population ratio was 59.2 percent for the third consecutive month. However, the employment-population ratio is up by 0.6 percentage point over the year. (See table A-1.)

  • Charlie Hebdo cartoonist reveals terrorists threatened to murder her toddler unless she let them in

    01/08/2015 5:28:31 PM PST · 277 of 277
    kabar to apostoli
    This cuts both ways if anyone cares to be honest. HOW could she ‘know’ in making a ‘deal’ with the devil that she wouldn’t be killed EVEN if she opened the door?

    She didn't know. Having been in a similar situation myself, your initial, gut reaction is to stay alive second to second, minute to minute. You do what your captors want hoping to postpone the seeming inevitable. This woman just saw two of her colleagues shot dead in front of her. She believed with good reason that these animals would do the same thing to her and her kindergarten-age child and would suffer a similar fate within seconds. You do what they say or die immediately along with your child. Anything that prolongs your life one second more is preferable to an immediate execution.

    These are normal human reactions under extraordinary circumstances. During the Holocaust, millions of Jews and other prisoners went fairly docilely to their deaths hoping that somehow that by prolonging their lives minute by minute, there would be something that could possibly spare them from death. Some of the prisoners even helped the Germans by clearing out the corpses from the gas chambers and sorting out possessions and other items from the dead. Hope of survival is a basic human instinct that cannot be overcome except by an extraordinary few for various reasons.

    i don’t blame her, but try not to disparage those who think this IS the catalyst that allowed these sub-humans entry.

    What this woman did was typical and ordinary. What some on this thread are demanding is that she do something atypical and extraordinary, i.e., sacrifice the life of her child and herself for her colleagues. And she was supposed to make this decision within milliseconds after watching two of her colleagues shot dead right in front of her. These people are unreasonable and unrealistic. This woman is not a "catalyst" for what happened. She is an innocent victim who, successfully as it turned out, tried to survive along with her child under very trying circumstances. I can empathize with what she faced and in no way connect her with the death of her colleagues. The animals who did this are totally responsible. What's next? Blame the driver who had his car hijacked because he did not fight back?

    Lenny Bruce had a routine about a man who is brought to a room where he proclaims that he would never betray his country. Then he says (I'm paraphrasing from memory), "What are they doing to that guy over there? Why are they putting that funnel in his ass? What are they doing with that molten lead? They're pouring it in the funnel? The funnel that's in his ass? They're pouring hot lead in his ass? They're giving him a hot lead enema? Okay, I'll tell you anything. I'll tell you about my mother. I'll make up secrets."

    “If you can take the hot lead enema, then you can cast the first stone.”

    ~ Lenny Bruce, b. 13 October 1925

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 12:39:39 PM PST · 133 of 150
    kabar to CyberAnt

    You are impervious to facts. There is a SSTF. It has been in existence since 1939 and has always been operating the same way. And the T-bills will be redeemed completely by 2034 unless SS is reformed. The SS DI Trust Fund runs out of T-bills in 2016.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 11:21:06 AM PST · 120 of 150
    kabar to mlo
    Yes, these are interest bearing loans to the USG in the form of T-bills. We borrow about 40% of the money spent by the federal government. SS is just a part of it. We owe money to the tune of $18 trillion. SS is about $2.4 trillion. All interest and redemptions must come out of the General Fund.

    An even larger problem is that two thirds of the expenditures of the federal budget come from entitlement programs and debt servicing costs. 40% of Medicare expenses already come from the General Fund by law. These costs are increasing as the population ages. These costs are far more than debt servicing costs. The welfare state chickens are coming home to roost.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 11:14:42 AM PST · 119 of 150
    kabar to americanbychoice3
    It is not being looted. All revenue collected by the payroll tax is automatically converted into T-bills. Those T-bills are non-market, interest bearing instruments that the full faith and credit of the USG is behind.

    Yes, the SS and Medicare trust funds along with the other trust funds like the federal employees benefit trust funds represent unfunded liabilities and are part of the national debt. The question is what would you do with the trillions of dollars held by these trust funds? Who would decide how and where to invest the holdings? They would certainly distort the economy and be vulnerable to politicization. At least by investing them in T-bills, we don't have to borrow the money publicly. In any event since these trust funds are running in the red and continue to do so without reform, the T-bills will be running out and there will be a reduction in the benefits paid.

    What most people don't realize is that these programs are not actuarial sound. We have to raise taxes or decrease benefits or some combination thereof to make them solvent. Our aging population is growing every day with 10,000 baby boomers retiring every day for the next 20 years. We will double our population over 65. Even if none of the revenue were invested in T-bills, there isn't enough money to pay benefits. That is the real problem, not government "looting." The T-bills for SS run out in 2034 and for Medicare in 2024. Then, by law, the benefits paid out must be reduced to revenue received.

    In 1950 there were 16 workers to every retiree; today it is about 3, and by 2030 it will be 2. Since these programs are pay as you go with today's workers paying for today's retirees, we will have to tax future generations much more to get the needed revenue. Not a very pleasant outlook for our children and grandchildren.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 10:58:40 AM PST · 114 of 150
    kabar to Kickass Conservative
    SS is not an individual pension fund. It is an insurance scheme. You could pay into SS for 45 years and die the day before you are eligible to collect benefits. Your estate would get nothing save a small burial allowance. Yes, if you had a surviving spouse, she would be eligible for some benefits.

    The government can change the benefits and eligibility requirements any time it wants to. You lose all claim to any contributions you have made. Calculating your contributions over a lifetime and trying to figure out how much you would have gotten in a private pension fund is just an exercise in futility and fantasy. If pigs had wings, they could fly.

    SS is Ponzi scheme and for those of us at the top of the pyramid, it has worked out very well. For those entering the workforce today, it will not. Sorry to hear about your physical aliment. Good luck and hope that medical advancements will change the prognosis. We need every conservative we have in this fight against tyranny.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 10:48:09 AM PST · 108 of 150
    kabar to mlo
    This is true, but the fund is not holding a pile of cash, or stocks, or real estate investments. It's holding a pile of Treasury Bonds. The income was used to lend to the government and once expenses exceed income can only be paid out by the government buying back the bonds out of general funds. So it's really an artificial distinction.

    It is more than an artificial distinction. The full faith and credit of the USG is behind the T-bills just like it is with the debt held by the Chinese or Japanese or any other holder of T-bills. The USG would have to default so as not to redeem them. If that were the case, it wouldn't really matter any more because the country would be so far gone, the economy would be in a state of collapse.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 9:33:26 AM PST · 73 of 150
    kabar to CyberAnt
    WELL .. IS THAT THE ANSWER ..?? OR IS THE ANSWER - WE’RE GOING TO CHANGE THE WAY IT WORKS. AFTER ALL .. IT USED TO BE A SEPARATE PILE OF MONEY .. AND THEN THE DEMOCRATS (IN THEIR GREED), DECIDED TO PUT IT INTO THE GENERAL FUND. AND .. ALL THEY LEFT BEHIND FOR THE CONTRIBUTORS .. WAS A PILE OF I.O.U.’S - HOW THOUGHTY OF THEM.

    Wrong. The operation of the SSTF has not changed since the inception of SS under FDR. You are spouting an unsubstantiated myth.

    Myth 4: President Roosevelt promised that the money the participants paid would be put into the independent "Trust Fund," rather than into the General operating fund, and therefore, would only be used to fund the Social Security Retirement program, and no other Government program

    The idea here is basically correct. However, this statement is usually joined to a second statement to the effect that this principle was violated by subsequent Administrations. However, there has never been any change in the way the Social Security program is financed or the way that Social Security payroll taxes are used by the federal government.

    The Social Security Trust Fund was created in 1939 as part of the Amendments enacted in that year. From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been "put into the general fund of the government."

    Most likely this myth comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the "unified budget." This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are "on-budget." This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken "off-budget." This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are "on-budget" or "off-budget" is primarily a question of accounting practices--it has no affect on the actual operations of the Trust Fund itself.

    I’M NOT INTERESTED IN HOW IT WORKS NOW .. I’M INTERESTED IN GETTING PEOPLE TO CHANGE HOW IT WORKS .. CHANGE IT BACK TO THE WAY IT USED TO WORK.

    It is working the way it has always worked. The problem is demographics, i.e., an aging population that is living far longer than when SS was set up about 80 years ago.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 9:12:05 AM PST · 52 of 150
    kabar to CyberAnt
    When is a Conservative group in Congress going to start making a fuss about this “general fund” deposit of all Medicare and SS taxes ..??

    Al Gore’s father and HIS cronies in the DEMOCRAT party, moved the taxes into the GENERAL FUND years ago .. so that is the reason it’s been LOOTED .. and now may soon deprive many seniors from living an independent lifestyle.

    That is not the way it works. All revenue collected thru the payroll taxes are converted into T-bills upon receipt. The revenue is used to pay all benefits. The T-bills represent an obligation of the USG to pay both interest and to convert into dollars upon demand. It is why the SSTF and HI trust funds are included in the $18 trillion national debt under "Intergovernmental Holdings."

    SS and Medicare are pay as you go programs. Today's workers pay for today's retirees. SS has been running in the red (revenue collected versus benefits paid out) since 2010 and Medicare since 2008. As a result, in order to pay full benefits, both SS and Medicare have been cashing in their T-bills to make up the shortfalls.

    40% of Medicare is funded via the General Fund, by law. The premiums paid for Medicare Part B and D only cover 25% of the benefits. The remaining 75% come from the General Fund. As the number of retirees continue to increase, the amount coming from the General Fund will increase eventually consuming the entire federal budget if not reformed. The average retiree gets more than three times in benefits than they contributed to the program.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 8:57:38 AM PST · 30 of 150
    kabar to Catsrus
    Self-employed people are not entitled to it - so most set up private IRA accounts for their retirement.

    Self-employed workers must pay into SS, paying both the individual and employer's shares. They are not exempt from SS.

  • Your S S Check THIS IS TRUE!!!

    01/08/2015 8:55:19 AM PST · 24 of 150
    kabar to drypowder
    SS is an entitlement program. Most people get far more out than they contributed. It is an insurance program, not a pension system. The money you and your employer contribute belongs to the government, not you. See SCOTUS decision Flemming vs Nestor

    The SS DI Trust Fund is exhausted in 2016. As has been done 11 times before, T-bills will be transferred from the main SSTF to the DI Trust Fund. SS has been running in the red since 2010 and will continue to do so until the SSTF runs out of T-bills in 2034. Then, by law, benefits will be cut based on total revenue available.