Posted on 10/18/2022 1:56:02 PM PDT by NeverCheney
Republicans in the House are planning to use a potential showdown next year over raising the federal debt limit to make changes in Social Security and Medicare, Bloomberg’s Jack Fitzpatrick reports.
(Excerpt) Read more at finance.yahoo.com ...
You can be lazy, childish and call me a troll if you don’t want to look at the facts. But grownups deal with facts and reality. The facts are that Mitch McConnell has regularly called for cutting Social Security. Paul Ryan too. And Trump criticized them for that. And that’s a big reason they hate him
Oh chit, it’s yahoo... pass!
Quote: “it wasn’t the Dems who killed that idea, it was voters. “
Not the elderly voters. They all died, in nursing homes that the democrats shipped them to during the pandemic.
Well, that certainly qualifies as thinking "outside the box."
lol
I agree with your premise that we spend too much and that non-discretionary transfer payments is the big chunk we need to reduce. But it's incorrect to say that there's no SS trust fund.
The SS Administration does have an account. Until recently it was the #1 holder of U.S. debt (treasuries). I know, I know. We hear all the time that China owns the most debt. Yes, China is the #1 foreign owner of U.S. debt (though they every now and then swap places with Japan). The last I checked the SS Admin is the #2 overall treasury holder, with the Federal Reserve now being the #1 holder (increasing their balance sheet with QE).
In fact, an argument could be made that SS artificially inflates the price of treasuries by being such a demand for treasuries. By law, the SS Admin can't invest the fund in anything except one investment type: U.S. treasuries. The return on treasuries was their only hope in keeping up with larger and larger payouts to seniors living longer and longer while we have less and less babies put into the work force all while the gubment incentivizes people to avoid work (and not contribute to SS). That return on treasuries has fallen bigly as the Federal Reserve kept rates low.
Same story every election in October
Republicans will take your ss
Democrats promise medicare for all
Zzzzzz
“This has been the Demo mantra about Republicans for decades”
Yes, because Republicans for decades have been calling for cutting Socisl Security.
It will never happen. No matter who calls for it. Seasoned people know that. At some point folks have to understand the ridiculous nature of campaigning
We don’t need social security. We have the Zeke Emmanuel democrat plan. Kill the old people off before they collect by rationing care under Obamacare. And if that doesn’t work fast enough, just ship them to nursing homes during a pandemic.
For a party that hates everything traditional...the ‘rats sure like to shovel the same manure every election cycle.
Paging Major Disinfo.
Quote :”Yes, because Republicans for decades have been calling for cutting Socisl Security.”
And now they don’t have to because the democrats have killed off many elderly citizens and have plans to kill off more by, for example, shipping them to nursing homes during a pandemic and cleverly masking murder as a compassionate act.
Dems will renew the ole ‘Ryan pushing Granny-in-a-wheelchair over the cliff’.
Quote: “You can be lazy, childish and call me a troll if you don’t want to look at the facts. But grownups deal with facts and reality. The facts are that Mitch McConnell has regularly called for cutting Social Security. Paul Ryan too. And Trump criticized them for that. And that’s a big reason they hate him.”
And you are a newly and a troll because you exhibit all the tell tale signs. Wait, are you a democrat? If so, please don’t murder my parents. I know how you folks love to murder the elderly.
This is not reporting the truth.
Quote: “This has been the Demo mantra about Republicans for decades. Haven’t seen SS cut yet.”
Do you really need social security if the world turns into Logan’s Run. Just ship the elderly into places where they will catch the diseases to which they are most vulnerable. At least, that is the state of the art until the democrats figure out something more efficient. Hey, they can just term it the ultimate late term abortion.
Just like in sports, if the opposition can’t stop a particular play, you keep using it.
Election fodder
Let’s all give a round of applause to NeverCheney. Member since three secs ago. Doing his/her/it/theythem or whatever the pronoun is to push the last minute dem Hail Mary that lacks originality but certainly is entertaining.
And don’t forget folks. When the dems start talking about social security and the elderly, they HAVE A PLAN that is inevitable as taxes. Its called death.
By, for example, shipping the elderly into nursing homes during a pandemic and killing record numbers.
Round of applause. Three cheers for the ultimate late term abortion. Abortion all the way up to the age of social security eligibility. Three cheers!!!!
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