Skip to main content

View Diary: Journalmalism strikes again in Social Security reporting (80 comments)

Comment Preferences

  •  No. Low earners get the most out of Social (0+ / 0-)

    security. There is that lovely 90-15 sliding scale.   By the time you get into the upper reaches of the cap, you're paying as much per dollar on marginal income as everybody down the line, but receiving 20% on the dollar.

    As to magic T-Bills -- I'm not calling anything into question.
    The fact is the money goes into the general fund and gets spent.  T-Bills are granted in return. Come time to draw on those, the money must come from somewhere -- which is exactly the case if there were no T-Bills.  They are simply a cute little fib to maintain the insurance company fiction.

    As to not caring, you're the one who thinks its ok to ignore the viability of Social Security because you see no need to actually pay the expected, promised, but not legally obligated, benefits.

    You're also the one who thinks its OK to dump on the middle class while the people who create the need for Social Security can use the money for country club dues.

    Perhaps your definition of caring is as tortured as your definition of solvency.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Wed Apr 25, 2012 at 11:40:54 AM PDT

    [ Parent ]

    •  Actually, I need to revise that in light of your (0+ / 0-)

      hyper-legalistic view ---

      low earners get the most value out of Social Security.

      Those who cap out get the most in terms of absolute dollars, but pay far more in relative to payout.

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Wed Apr 25, 2012 at 11:42:42 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site