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First recorded activity by BoatBanter: Nov 2010
Posts: 1,401
Default Obama endorses slavery

In article ,
says...

On Mon, 18 Apr 2011 19:59:47 -0500, Boating All Out
wrote:

You keep beating that drum but I don't hear it.


You must be deaf then.
Every dime in that trust fund is debt, not an asset.
We will have to borrow all of the money we "pay back" since the
government is already spending all they take in, actually 166% of what
they take in. Where does the money come from to redeem the SS bonds?


Talk about deaf. Cutting this out in your reply won't make it go away.

"Paying off the trust fund over the next the next 26 years is a trivial
drain on government revenues. Maintains 100% of current benefits.
At that point 75% of current benefits can be paid on SS revenues alone.
THAT'S IF NOTHING IS DONE TO INCREASE SS REVENUES OR MEANS TEST.
What is so hard to understand about that?"

I note you also cut out this,

"Do you have a plan to reduce benefits to those who need them?
Or means test out those who don't need them?
Tell me about it.
I'm sick of you whining and not offering solutions.
This is a simple accounting issue to me, tinged with my human instincts.
I offered one solution above on the benefit side that probably fixes it
forever.
Now you put up or shut up.
Let's see what you're made of.
I suspect it's ham only from the right side of the hog.
But I might be surprised."

You disappointed me. Thought you could do more than whine and play
Chicken Little.
So ham from the right side of the hog it is.
But really more like all squeal, and no other parts of the hog at all.




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posted to rec.boats
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Posts: 4,021
Default Obama endorses slavery

On Mon, 18 Apr 2011 23:38:02 -0400, wrote:

On Mon, 18 Apr 2011 21:53:30 -0500, Boating All Out
wrote:

In article ,
says...

On Mon, 18 Apr 2011 19:59:47 -0500, Boating All Out
wrote:

You keep beating that drum but I don't hear it.

You must be deaf then.
Every dime in that trust fund is debt, not an asset.
We will have to borrow all of the money we "pay back" since the
government is already spending all they take in, actually 166% of what
they take in. Where does the money come from to redeem the SS bonds?


Talk about deaf. Cutting this out in your reply won't make it go away.

"Paying off the trust fund over the next the next 26 years is a trivial
drain on government revenues. Maintains 100% of current benefits.
At that point 75% of current benefits can be paid on SS revenues alone.
THAT'S IF NOTHING IS DONE TO INCREASE SS REVENUES OR MEANS TEST.
What is so hard to understand about that?"


We are already spending 166% of revenue, how is adding to that deficit
"trivial"?

I note you also cut out this,

"Do you have a plan to reduce benefits to those who need them?
Or means test out those who don't need them?
Tell me about it.


I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)


And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?
  #3   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default Obama endorses slavery

On Tue, 19 Apr 2011 20:20:15 -0400, wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:

On Mon, 18 Apr 2011 23:38:02 -0400,
wrote:

On Mon, 18 Apr 2011 21:53:30 -0500, Boating All Out
wrote:

In article ,
says...

On Mon, 18 Apr 2011 19:59:47 -0500, Boating All Out
wrote:

You keep beating that drum but I don't hear it.

You must be deaf then.
Every dime in that trust fund is debt, not an asset.
We will have to borrow all of the money we "pay back" since the
government is already spending all they take in, actually 166% of what
they take in. Where does the money come from to redeem the SS bonds?

Talk about deaf. Cutting this out in your reply won't make it go away.

"Paying off the trust fund over the next the next 26 years is a trivial
drain on government revenues. Maintains 100% of current benefits.
At that point 75% of current benefits can be paid on SS revenues alone.
THAT'S IF NOTHING IS DONE TO INCREASE SS REVENUES OR MEANS TEST.
What is so hard to understand about that?"

We are already spending 166% of revenue, how is adding to that deficit
"trivial"?

I note you also cut out this,

"Do you have a plan to reduce benefits to those who need them?
Or means test out those who don't need them?
Tell me about it.

I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)


And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?


Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%


So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.
  #5   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Dec 2010
Posts: 1,909
Default Obama endorses slavery

wrote:
On Wed, 20 Apr 2011 13:08:02 -0400,
wrote:

wrote:
On Tue, 19 Apr 2011 22:58:26 -0700,
wrote:

On Tue, 19 Apr 2011 20:20:15 -0400,
wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:


I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)

And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?
Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%
So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.

OK let me put this in a perspective you can understand. Do you think a
person making over $250,000 a year in retirement should still get all
of their SS?

I don't. I haven't even applied yet, and I am eligible for the full
amount, which is, what, about $2400 a month? No medicare, either.


The top of the box for age 66 is $2366 if you paid in the max since
1966. (45 years). I only paid in the max for 30 years (66-96), started
drawing at 63.5 years and my check with single 00 withholding is
$1506, Gross is 1772. At 66 that would have been a bit over $2000 as I
recall. I have a statement around here from 2010 with the real
numbers. I think it was $2400 if you wait to 70.



Yeah, my annual statement from SS has a number like that...just under
$2400. I suppose I'll sign up for the monthly check when I'm...old. :)
If my medical bills rise, I'll have myself removed from my union's plan
so I can sign up for Medicare. I don't want to stick my union's health
fund with big bills.


  #6   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Apr 2011
Posts: 134
Default Obama endorses slavery

In article , payer3389
@mypacks.net says...

wrote:
On Wed, 20 Apr 2011 13:08:02 -0400,
wrote:

wrote:
On Tue, 19 Apr 2011 22:58:26 -0700,
wrote:

On Tue, 19 Apr 2011 20:20:15 -0400,
wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:


I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)

And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?
Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%
So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.

OK let me put this in a perspective you can understand. Do you think a
person making over $250,000 a year in retirement should still get all
of their SS?
I don't. I haven't even applied yet, and I am eligible for the full
amount, which is, what, about $2400 a month? No medicare, either.


The top of the box for age 66 is $2366 if you paid in the max since
1966. (45 years). I only paid in the max for 30 years (66-96), started
drawing at 63.5 years and my check with single 00 withholding is
$1506, Gross is 1772. At 66 that would have been a bit over $2000 as I
recall. I have a statement around here from 2010 with the real
numbers. I think it was $2400 if you wait to 70.



Yeah, my annual statement from SS has a number like that...just under
$2400. I suppose I'll sign up for the monthly check when I'm...old. :)
If my medical bills rise, I'll have myself removed from my union's plan
so I can sign up for Medicare. I don't want to stick my union's health
fund with big bills.


No problems sticking the government with it though, eh?

  #7   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Default Obama endorses slavery

In article , payer3389
@mypacks.net says...

wrote:
On Wed, 20 Apr 2011 13:08:02 -0400,
wrote:

wrote:
On Tue, 19 Apr 2011 22:58:26 -0700,
wrote:

On Tue, 19 Apr 2011 20:20:15 -0400,
wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:


I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)

And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?
Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%
So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.

OK let me put this in a perspective you can understand. Do you think a
person making over $250,000 a year in retirement should still get all
of their SS?
I don't. I haven't even applied yet, and I am eligible for the full
amount, which is, what, about $2400 a month? No medicare, either.


The top of the box for age 66 is $2366 if you paid in the max since
1966. (45 years). I only paid in the max for 30 years (66-96), started
drawing at 63.5 years and my check with single 00 withholding is
$1506, Gross is 1772. At 66 that would have been a bit over $2000 as I
recall. I have a statement around here from 2010 with the real
numbers. I think it was $2400 if you wait to 70.



Yeah, my annual statement from SS has a number like that...just under
$2400. I suppose I'll sign up for the monthly check when I'm...old. :)
If my medical bills rise, I'll have myself removed from my union's plan
so I can sign up for Medicare. I don't want to stick my union's health
fund with big bills.


If you are eligible you should take the money now and invest it.



  #8   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Dec 2010
Posts: 1,524
Default Obama endorses slavery

wrote:
On Thu, 21 Apr 2011 08:26:05 -0400, wrote:

In articlew9Kdna3PJdOvqDLQnZ2dnUVZ_vSdnZ2d@earthlink .com, payer3389
@mypacks.net says...
wrote:
On Wed, 20 Apr 2011 13:08:02 -0400,
wrote:

wrote:
On Tue, 19 Apr 2011 22:58:26 -0700,
wrote:

On Tue, 19 Apr 2011 20:20:15 -0400,
wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:

I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)

And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?
Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%
So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.
OK let me put this in a perspective you can understand. Do you think a
person making over $250,000 a year in retirement should still get all
of their SS?
I don't. I haven't even applied yet, and I am eligible for the full
amount, which is, what, about $2400 a month? No medicare, either.
The top of the box for age 66 is $2366 if you paid in the max since
1966. (45 years). I only paid in the max for 30 years (66-96), started
drawing at 63.5 years and my check with single 00 withholding is
$1506, Gross is 1772. At 66 that would have been a bit over $2000 as I
recall. I have a statement around here from 2010 with the real
numbers. I think it was $2400 if you wait to 70.

Yeah, my annual statement from SS has a number like that...just under
$2400. I suppose I'll sign up for the monthly check when I'm...old. :)
If my medical bills rise, I'll have myself removed from my union's plan
so I can sign up for Medicare. I don't want to stick my union's health
fund with big bills.

If you are eligible you should take the money now and invest it.



Harry put his finger on it. His union "cadillac plan" is better than
Medicare and he knows he will have to lose it when he starts
collecting SS.


Actually, I'm not retired. I hope I stay in decent enough health to
never retire. Since I don't need social security, I've not applied for
it. When and if I do need it, I will apply. When my medical need$ start
ta$king my union health insurance plan, I'll request being dropped from
it and get Medicare. I have, after all, been paying into the federal
system(s) a long, long time. :)
  #10   Report Post  
posted to rec.boats
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First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
Default Obama endorses slavery

On Wed, 20 Apr 2011 12:58:24 -0400, wrote:

On Tue, 19 Apr 2011 22:58:26 -0700,
wrote:

On Tue, 19 Apr 2011 20:20:15 -0400,
wrote:

On Tue, 19 Apr 2011 10:03:43 -0700,
wrote:



I already told you, I expect a means test and raising the retirement
age more than they already have. (it isn't 65 anymore, in case you
haven't noticed)


And, several people have already said that the "means" test already
exists for SS in the form of taxes. Why are you saying this over and
over?

Boater also points out the means test only takes about 12.5 to 23% of
the SS if you make over 32k. I am talking about a means test that will
take a lot more of it as your income increases up to 100%


So you want a 100% tax on SS? That's just plain weird.

Sounds to me like you're not very familiar with regular income tax.
Maybe you've been out of it too long.



OK let me put this in a perspective you can understand. Do you think a
person making over $250,000 a year in retirement should still get all
of their SS?


I think people should be taxed on the money they make no matter the
source.

If someone makes $250K/yr and receives and is normally supposed to get
$24K/yr in SS (don't know how much SS gets you per year - feel free to
adjust to whatever number you want), you are taxed on it. Is that
really the big issue of our time?


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