"DSK" wrote in message
...
Bert Robbins wrote:
How about the government get out of the business of providing insurance
and retirement programs.

That would suit me just fine.

... Then the government will have to stop spending the SS tax money like
drunken sailors every year!

Considering that "the government" doesn't spend the SS tax money at all,
you can consider this already done.

I will detail how the government spends the SS tax money because you aren't
smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".
2) The government takes my 15% and gives the "Social Security Trust Fund" an
IOU in the form of a Treasury Note or Bond.
3) My 15% is now in the general account of the government.
4) The government appropriates that 15% to be used for the what ever program
they desire to spend it on.
5) The government can decide to retire Treasure Notes or Bonds with my 15%
but, the Treasury Notes or Bonds that are in the "Social Security Trust
Fund" are not retired with my 15%.

The only thing in the "Social Security Trust Fund" is a pile of IOUs. IOUs
are not money. IOUs are a promise to repay money.

You know, you Bush supporters shouldn't work so hard at making brainless
statements. Is stupidty really that seductive for you all?

I'm sure that you and your ilk can answer that question better than us.

On Thu, 21 Apr 2005 17:34:41 -0400, "Bert Robbins" wrote:


"DSK" wrote in message
t...
Bert Robbins wrote:
How about the government get out of the business of providing insurance
and retirement programs.

That would suit me just fine.

... Then the government will have to stop spending the SS tax money like
drunken sailors every year!

Considering that "the government" doesn't spend the SS tax money at all,
you can consider this already done.

I will detail how the government spends the SS tax money because you aren't
smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".
2) The government takes my 15% and gives the "Social Security Trust Fund" an
IOU in the form of a Treasury Note or Bond.
3) My 15% is now in the general account of the government.
4) The government appropriates that 15% to be used for the what ever program
they desire to spend it on.
5) The government can decide to retire Treasure Notes or Bonds with my 15%
but, the Treasury Notes or Bonds that are in the "Social Security Trust
Fund" are not retired with my 15%.

The only thing in the "Social Security Trust Fund" is a pile of IOUs. IOUs
are not money. IOUs are a promise to repay money.

You know, you Bush supporters shouldn't work so hard at making brainless
statements. Is stupidty really that seductive for you all?

I'm sure that you and your ilk can answer that question better than us.


That last statement isn't quite fair. DSK is one of a kind. How you guys can put
up with him is amazing. You should all be 8th grade teachers. You've definitely
got the patience for it!
--
John H

"All decisions are the result of binary thinking."

I will detail how the government spends the SS tax money because you aren't
smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

2) The government takes my 15% and gives the "Social Security Trust Fund" an
IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just
a green piece of paper?


3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK

"DSK" wrote in message
...
I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

2) The government takes my 15% and gives the "Social Security Trust Fund"
an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?


3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK


How much is the Social Security tax (FICA)?

Bill McKee wrote:

"DSK" wrote in message
...

I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?


2) The government takes my 15% and gives the "Social Security Trust Fund"
an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?



3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.


4) The government blah blah blah (snipped)



John H wrote:

That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?



Look at your paycheck or check www.socialsecurity.gov

"Jim," wrote in message
...
Bill McKee wrote:

"DSK" wrote in message
...

I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?


2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?



3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.


4) The government blah blah blah (snipped)



John H wrote:

That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?

"Bill McKee" wrote in message
ink.net...

"Jim," wrote in message
...
Bill McKee wrote:

"DSK" wrote in message
...

I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the
"Social Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?


2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just
a green piece of paper?



3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.


4) The government blah blah blah (snipped)



John H wrote:

That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK



How much is the Social Security tax (FICA)?

Look at your paycheck or check www.socialsecurity.gov

I know what it is, but I want DSK's opinion. And if you look at your
paycheck, how much is your real FICA?

Looks like jimmycomma is another one of those simpletons that can't
comprehend the true rate of taxation of FICA.

"Bill McKee" wrote in message
link.net...

"DSK" wrote in message
...
I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

2) The government takes my 15% and gives the "Social Security Trust
Fund" an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?


3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.

DSK


How much is the Social Security tax (FICA)?

FICA taxes are about 12.5%....half of it is deducted from your paycheck, the
other half is paid 'directly' by the employer. This is done to hide the true
cost from simpletons like dsk. That rate is taxed on the first 90k or so
earned....they up it every year. There is also a 2.5% (approx.) medicare
tax, again half is taxen out of your check, the other half directly form the
employer.....there is no cap on that tax. The dirty little secret is
that all of the tax is paid by the employee......the cost to the employer is
figured into the cost of hiring someone........it is just hidden from the
simpletons.

The 'trust' fund is a whole different story. It is like having a savings
account at the bank......You've put in $1000. You are overspending so you
go to the bank, withdraw the money and spend it......but to make yourself
feel better, you write an IOU to yourself to but the money back into the
account. The only way you can ever do that is to eventually reduce your
spending (in the guvmints case....reduce benefits) or increase your income
(in the guvmints case....increase taxes) DSK's lunacy of the treasury bonds
being worth anything is simply silly.

P.Fritz wrote:
DSK's lunacy of the treasury bonds
being worth anything is simply silly.


I guess most of the central banks of the G-7 countries and most
professionally managed mutual funds & bank trust depts share this "lunacy."

But hey, you're right... Treasury Bonds *must* be worthless! 10,000
ranting fascist butt-heads can't be wrong!

This may be entirely too long a chain of logic, but the funny thing
about your ranting is that your boy Bush has run up a tremendous
deficit, which is a big threat to the financial future of the U.S.... by
saying that Treasury bonds are worthless, you are inplying that the U.S.
is going to default on it's debt... which would a world-wide economic
disaster... a direct result of Bush's policies... so are you sure that
Bush is really that bad?

DSK

"DSK" wrote in message
...
I will detail how the government spends the SS tax money because you
aren't smart enough to figure it out yourself.

1) The government extracts 15% of my income and puts it into the "Social
Security Trust Fund".

Bull****. SS taxes are nowhere near that high. Why do you have to lie to
try and make a point?

Really? When you figure it based on total compensation I am a little low
so, 15% was generous to your arguments.

2) The government takes my 15% and gives the "Social Security Trust Fund"
an IOU in the form of a Treasury Note or Bond.

Uh huh. So a Treasury bond is just "an IOU"? I guess a $20 bill is just a
green piece of paper?

Have you read a $20 bill lately? They are not backed by real gold or silver.
A $20 bill is just that a green piece of paper that can be used to pay
debt's public or private.

3) My 15% is now in the general account of the government.

No more than your neighbors mortgage payment is in your checking account
if you use the same bank.

So, there really is no money, just a bunch of promisies.

4) The government blah blah blah (snipped)



John H wrote:
That last statement isn't quite fair. DSK is one of a kind.

Not really. The group that I belong to is called "smart people who have
boats." We prefer facts to illogic & bull****.