On Mon, 01 Apr 2013 23:27:02 -0400, wrote:

On Mon, 01 Apr 2013 16:20:50 -0700, Urin Asshole
wrote:

On Mon, 01 Apr 2013 18:06:33 -0400, wrote:


That is the main flaw in the plan. There is no real way for the
government to save money since they don't back currency with any hard
asset.

They back it with the faith and credit of a country that has never
defaulted on it's debt...NEVER by statute.

We are still young
How is Stockton, San Bernadino and Compton doing?

So, now you're claiming that cities never fail and never go bankrupt.
You're claiming that stockton is somehow representative of the entire
US?


Money is simply whatever the fed says it is. If they "save" money it
is the same as reducing the money supply.

Feel free to hoard gold. I'm sure there's a supermarket somewhere
that'll take it.

If the **** hits the fan, gold and silver might be all they do take.
In the mean time, the bag of silver coins I have has turned a nice
profit.

Ah yes, the "**** hits the fan" line. Like "when the crunch comes" or
when the blacks start the racial war or when Manson does or someone.

That's pretty close to the most looney thing you've said, well, since
you told me you want to **** over my family I guess.

SS should have always been, what it was for 73 years, pay as you go
but that would have required raising the retirement age and increasing
the FICA tax.

It's still pay as you go. 100% for the next 25 years and beyond that
forever at close to 100%.

Not at all, SS is $85 billion in the hole as we speak, being bailed
out by federal revenue, 40% of which is borrowed.

So what? I thought you said it was bankrupt? Oh yeah, you're just full
of ****.


Reagan and Clinton both did things along those lines but nobody has
tried it since.

Reagan did ****. http://home.adelphi.edu/sbloch/deficits.html

Again you are not addressing the issue

Yes I am. You're just changing the subject. Sure is easy, but it's
totally transparent.


The 1983 tax bill Reagan signed raised the tax rate on wages for SS
from 10.7% to 12.2% and it was in the bill that it would rise to the
current 12.4% in 1990. That bill also allowed the IRS to tax SS
benefits, originally up to 50% was subject to the income tax. It also
accelerated the increase in the salary cap and raised the full
retirement age.

That is a lot more than "not ****"

The 1993 tax bill that Clinton signed (passed by a tie breaking vote
from Gore) raised the taxable amount of SS benefits to 85%,
It uncapped the top salary for medicare taxes

The 1994 law imposed FICA taxes on all domestic help with a threshold
of $1000 a year.

Maybe you should learn how to use Thomas if you want to play the game.

What's your point? You quoted Thomas but you don't provide any
reference point. What point are you trying to make? that we should go
back to the gold standard? Jesuss christ you sound like you need to
take a lude.

They should have adjusted the tax rate to reflect actual costs, as the
system was originally designed.
Unfortunately in 1939-40 it became apparent they were accumulating a
big pot of unspent money and so they started spending it, putting an
IOU in the box.


You're such an expert. You should run from something... like your
paranoia.