And you have trouble staying on topic. You do understand that a dollar paid into Medicare yesterday or today is not the same as a dollar paid out tomorrow? And in order to tell whether someone has paid more/less in Medicare taxes than they receive in Medicare benefits, you need to adjust for the time value of money? If we follow the money, can you adjust it all to present value? If not, then stop calling people leeches and mooches and hypocrites.
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Originally Posted by lustylad
Let me start with a quote from our resident leach....
http://www.washingtonpost.com/wp-srv.../oss032498.htm
"Put Social Security on a pay-as-you-go basis. In 1997, for example, the government took in $446 billion in Social Security taxes and paid out only $365 billion in benefits. The extra $81 billion went into a trust fund (valued at about $631 billion) and was lent out to finance other federal programs. Moynihan has long wanted to end this nonsense. We're extracting tax dollars from those who can least afford it – and from everyone who might have better uses for it. Paring back, or even abolishing, the payroll tax is an idea that liberals, social conservatives and libertarians can love."
Originally Posted by LexusLover
Both you and the leach who quoted Moynihan do not have a clue on the big picture of following the money. Moynihan did.
Let me give you a basic color by number explanation that maybe even you two numbnuts can understand.
1)You need to understand that... Paying into SS and Medicare is
paying for our parents care.
2) There is excess in that payment from which your dollar today vs. a dollar tomorrow bullshit has merit.
3) Or does it?????....If say LL got you me and the rest of us to pay for his parents care and convinced us to invest the rest in say Treasury Bonds as you suggested as a safe investment to offset our care later in life. Then LexusMarx convinced us to spend the excess money we had left over from SS and Medicare on wars because he is a neoconic scardy cat that thinks nation building is the only way his chickenshit ass can sleep at night because he has peed his panties worrying if some Muslim might sneak over here and blow him up. The expenditure kinda fucks up your
time value of money.
4) Do you now see wtf Moynihan was talking about when he said this:
In 1997, for example, the government took in $446 billion in Social Security taxes and paid out only $365 billion in benefits. The extra $81 billion went into a trust fund (valued at about $631 billion) and was lent out to finance other federal programs.
5) LexusMarx's generation has spent the surplus SS and Medicare on War Mongering and now is crying about any form of tinkering with the payout he expected. . A payout that is nothing like this distorted view of real world money flow that you posted:
And in order to tell whether someone has paid more/less in Medicare taxes than they receive in Medicare benefits, you need to adjust for the time value of money?
His generation came no where close to paying their share. Unless they made and are still earning quite a bit of money like my parents are. That is the small % of folks who are not leaches.
If you need further explanation of how to follow the money please let me know but for Gods sake quit trying to distort a full length movie with one snapshot of an economic eco system. You have to look at the bigger picture to make sense of how both parties are fucking the shit out of you. You and LexusMarx are jacking off and blowing the GOP while calling liberals queers.
