The Shining City Upon a Hill

[Phil B.]

Re: The Shining City Upon a Hill

Actually that $148 is the cost of Medicare Part B. If you are receiving Part B through a private policy then the SSA will refund the Part B after they receive confirmation each month. The proper amount for 2021 is $163.40. Before signing up with one of those companies you see on TV constantly, talk to a local independent agent. Preferably one who is already on Medicare.

I did state that was supplemental insurance that afforded those benefits.

[Copier Addict]

Re: The Shining City Upon a Hill

and if you think about it 1,390$ is a JOKE if you take into account:

a mortgage

the increasing cost of electricity

gas ( both types )

now that Biden has removed Trump's deal on Insulin there's that increase.

food

other household expenses.

WE paid into the system our whole working lives.. Congress has been dipping into that coffer for almost the entire time I've been alive. I feel sorry for the ones that have to depend on the Gov't to support them in their latter years.

That's why I encourage young folks to:

buy a house

build their portfolio

invest in HANDS ON precious metals

buy real estate

stay healthy and alert to changing times

clothing

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

[slimslob]

Re: The Shining City Upon a Hill

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

But nowhere near what they would have earned had they invested the same amount into a personal retirement fund or even a government bond fund.

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Re: The Shining City Upon a Hill

[BillyCarpenter]

Re: The Shining City Upon a Hill

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

You finally got something right.


Now for the rest of the story:



According to the 2020 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2035.

America's top social program is facing a $16.8 trillion black hole



Before answering, let's take a closer look at some of the figures and trends that are perpetuating the idea that America's top social program is doomed.
Every year for the past eight decades, the Social Security Board of Trustees has released a report analyzing the short-term (10-year) and long-term (75-year) outlook for the program. Since 1985, the Trustees have cautioned that long-term revenue collection wouldn't support outlays. In plainer English, the program would be facing a funding obligation shortfall.

In the 2020 report, the Board of Trustees projected that the program will completely exhaust its $2.9 trillion in asset reserves by 2035. These asset reserves are Social Security's net cash surpluses built up since inception. The program hasn't had an annual net cash outflow occur since 1982, but the Trustees are forecasting one in 2021 (and every year through 2035).
What's more, the program is facing an estimated $16.8 trillion cash shortfall between 2035 and 2094. For context, that's up $2.9 trillion from the 2019 report and $5.7 trillion since 2015. The longer lawmakers wait to resolve Social Security's financial shortcomings, the costlier the fix is becoming.

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Re: The Shining City Upon a Hill

[BillyCarpenter]

Re: The Shining City Upon a Hill

Reported for propaganda and disinformation.

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Re: The Shining City Upon a Hill

[Phil B.]

Re: The Shining City Upon a Hill

Lincoln Project has been disgraced NOT only sexual harrassment/misconduct but for false reporting, and fabrication of the facts.
Do you want to quote VOX or Mother Earth News next?

Sent from my SM-G960U using Tapatalk

[bsm2]

Re: The Shining City Upon a Hill

[Copier Addict]

Re: The Shining City Upon a Hill

You finally got something right.


Now for the rest of the story:



According to the 2020 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2035.

America's top social program is facing a $16.8 trillion black hole



Before answering, let's take a closer look at some of the figures and trends that are perpetuating the idea that America's top social program is doomed.
Every year for the past eight decades, the Social Security Board of Trustees has released a report analyzing the short-term (10-year) and long-term (75-year) outlook for the program. Since 1985, the Trustees have cautioned that long-term revenue collection wouldn't support outlays. In plainer English, the program would be facing a funding obligation shortfall.

In the 2020 report, the Board of Trustees projected that the program will completely exhaust its $2.9 trillion in asset reserves by 2035. These asset reserves are Social Security's net cash surpluses built up since inception. The program hasn't had an annual net cash outflow occur since 1982, but the Trustees are forecasting one in 2021 (and every year through 2035).
What's more, the program is facing an estimated $16.8 trillion cash shortfall between 2035 and 2094. For context, that's up $2.9 trillion from the 2019 report and $5.7 trillion since 2015. The longer lawmakers wait to resolve Social Security's financial shortcomings, the costlier the fix is becoming.

I'll bet if all the people who are afraid of social democracy refused to collect it social security would be fine for much longer.
What do ya think?

[BillyCarpenter]

Re: The Shining City Upon a Hill

I'll bet if all the people who are afraid of social democracy refused to collect it social security would be fine for much longer.
What do ya think?

I think you're right because the problem with socialism is that sooner or later the socialists run out of other people's money and someone isn't gonna get paid whether voluntarily or via government's inability to pay due to lack of funds. But the liberal utopia sounds good on paper.


BTW: A 2nd woman has accused Cuomo of sexual harassment? Do you have any thoughts on that? Or is this another that you're gonna sit out?

[Copier Addict]

Re: The Shining City Upon a Hill

I think you're right because the problem with socialism is that sooner or later the socialists run out of other people's money and someone isn't gonna get paid whether voluntarily or via government's inability to pay due to lack of funds. But the liberal utopia sounds good on paper.


BTW: A 2nd woman has accused Cuomo of sexual harassment? Do you have any thoughts on that? Or is this another that you're gonna sit out?

Well, if he did it then he should face the consequences. It seems to be a partisan thing with you, but not with me. You think it's a big "gotcha" but it isn't.
By the way, generally if you can get ALL the people to pay their taxes, not just the poor and middle class, social democracy works just fine.

[BillyCarpenter]

Re: The Shining City Upon a Hill

Well, if he did it then he should face the consequences. It seems to be a partisan thing with you, but not with me. You think it's a big "gotcha" but it isn't.
By the way, generally if you can get ALL the people to pay their taxes, not just the poor and middle class, social democracy works just fine.

The top 1 percent of taxpayers paid roughly $616 billion, or 38.5 percent of all income taxes, while the bottom 90 percent paid about $479 billion, or 29.9 percent of all income taxes.


If Cuomo did it? You don't believe the 2 women?

[BillyCarpenter]

Re: The Shining City Upon a Hill

Earlier this week, the Sexual Harassment Working Group had called for in investigation of the governor after another former staffer, Lindsey Boylan, accused him






the group tweeted hours after Boylan came forward.