Free Republic
Browse · Search
General/Chat
Topics · Post Article

Options: raise taxes, cut benefits, confiscate retirement accounts.
1 posted on 02/10/2013 6:06:48 PM PST by Rusty0604
[ Post Reply | Private Reply | View Replies ]


To: Rusty0604

How do you raid an empty fund?


2 posted on 02/10/2013 6:07:35 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604
So they are considering raiding a full bucket of worthless IOUs to make up for the mismanagement of the empty bucket of IOUs? It's irresponsibility stacked on irresponsibility.
5 posted on 02/10/2013 6:12:43 PM PST by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

Did permanent disability totals balloon by 10 million over the last 10 years? I don’t think working conditions are that much worse now than 10 years ago.

AFAIK the threshold for disability qualification has been substantially lowered by the Obama regime. So a serious reform is needed. Only way that gets done is if it is allowed to go broke first.

Common House members, you hold the purse strings. Do your job.


7 posted on 02/10/2013 6:19:23 PM PST by entropy12 (The republic is doomed when people figure out they can get free stuff by voting democrats)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

It was raided back in the mid-nineties.


12 posted on 02/10/2013 6:35:22 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

There is NO TRUST FUND and there hasn’t been for a very long time.


14 posted on 02/10/2013 6:46:00 PM PST by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

I bet the make SS payments based on assets. Thus, many of us will lose it entirely.


16 posted on 02/10/2013 7:39:14 PM PST by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

I’ve mentioned on here before that I’m a volunteer triage interviewer for a local food/clothing bank.

A good 90%+ of the people I interview do not have a job. Virtually all of them are on food stamps. Most of them are receiving at least one other type of government handout. Many are on unemployment. Many are on DI.

About the time nobama got elected, I noticed many of the people were complaining about their unemployment benefits running out. A goodly portion of them said, “My unemployment is running out and I’ll have no money. So I applied for DI.”

Now, DI has become the new welfare. It goes up just like Social Security and there’s no periodic policing to see if you still qualify.

This is a hugh, horrible ripoff of us taxpayers.


17 posted on 02/10/2013 7:47:55 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

Considering that they are “raiding” the taxes of my kids and their future kids anyway, why should I care about their accounting fictions?


18 posted on 02/10/2013 7:49:59 PM PST by BobL
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604
Both entities have their own Trust Funds (TF).

I call BS right there.

21 posted on 02/10/2013 7:56:20 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604

I now believe that the best option, and probably least-painful in the long-run, will be a bankruptcy/default by the Federal Gov’t.


24 posted on 02/10/2013 9:08:12 PM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Rusty0604
CBO projects that the DI trust fund will be exhausted during fiscal year 2016.

So all those discouraged unemployed that were added to the roles of the disabled will be out of luck come the next election. What will the RATs promise them.

25 posted on 02/10/2013 9:29:28 PM PST by Mike Darancette (Soylent Green is Boomers)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson