A Liberal Democrat explains the why the Social Security Trust Fund is safe

A liberal democrat explains how social security has a 3 trillion dollar trust fund saved when the country is 14 trillion dollars in debt. Yes, these are real liberal arguments that I heard on MSNBC many times.

Category:

Film & Animation

Tags:

• xtranormal
• social security
• deficit
• debt. obama

[pirucreek]

IMHO, the long term goal of these idiots and trolls is to ask for a higher payroll tax, make sure you say no. IMHO, they should deplete the "joke trust fund" and go back to pay-as-you-go. The federal government in response should massively cut government to compensate creating a surplus to pay for the SS depletion.

[unhappyview54]

@pirucreek I certainly agree with you that SS should have never collected more than they paid out. That was a crime(a big lie anyway). And forget about higher taxes after this ripoff. However a true pay as you go system would kill political support for it, as we would know for sure that it was a ponzi scheme. Basically only the poor that paid very little federal taxes (just FICA taxes) and got EITC would get it eventually.

[pirucreek]

@unhappyview54 Everyone over 70 I know gets a SS check, if everyone is getting paid and will be paid how can you call it a ponzi scheme. Yes as we live longer the checks might get a little smaller, but no biggie.

[unhappyview54]

@pirucreek RE :" if everyone is getting paid and will be paid how can you call it a ponzi scheme."

Reply: Even that is not true. Some receipients have parts of their SS check sent directly to the IRS to spend as general revenue, another ripoff. Its a ponzi/welfare because there is no way to get back what we paid over the 45 years if you are in 40s or younger unless you have a low income your whole life, but the people who got checks the first 40 years of it won a lottery.

[pirucreek]

Social Security should not have a trust fund. It was set up as pay-as-you-go and stolen during the Reagan admin in the 1980s. All payroll taxes should go to pay the current retirees. There is not enough profits in the entire stock market to pay as much as the payroll tax.

[unhappyview54]

@pirucreek If SS was a pay-as-you-go system then why did Obama cut the FICA taxes when SS was already taking in less than it was paying out? In a pay-as-you-go system the SS benefits would be automatically cut to match the revenue cut. It's a ponzi welfare scheme. I agree that the government never should have collected a surplus that they would naturally spend, regardless of party. Harry Reid and others say the money is still there.

[mjb9982]

social security is the biggest rip off ever by the federal government. anyone who has an economics 101 understanding would know this. get out if you can.

[durhamdf]

Wow what a retarded video, U.S. treasuries are considered 0 risk. If any of you tea bagging retards had taken an economics class in your life you would realize that the U.S. govt. has never missed a payment. Social security hasn't added ONE PENNY to our national debt, it will need a big time overhall to be able to handle all the baby boomers in the near future but scapegoating Social Security for our problems is about as retarded as people calling themselves tea baggers instead of the S.O.L.

[tlarch]

HAHA!! She said "tax cunts".

[pirucreek]

@unhappyview54 SS starting in 1935, with 2% payroll tax. Payroll taxes didn't hit 10% til 1983. virtually everyone alive today began their working careers paying SSI.