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Everything posted by TedG
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Is Trump's war on academia his dumbest move yet?
TedG replied to BLMFem's topic in Political Soapbox
Why is the OPs commnet racist? -
1) The taxpayer pays payroll taxes matched by the employer. 2) The excess is spent in the general fund, and the Department of SS is given Special T bills. 3). When the Special T bills are redeemed, the taxpayer has to pay again, or the federal government borrows money to pay back the Department of SS, which adds to the debt and deficit, another expense to the taxpayer. 4). The taxpayer pays the interest earned on the special Tbills. Or the money is borrowed by the feds, which adds to the debt and deficit, another expense to the taxpayer. 5) Then, the taxpayer can end up paying taxes on 85% of the SS payments received.
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You could'nt boil water without help.
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Another nothing reply. That's all you are good for.
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Rand Paul.
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I missed the part were you tried to answer the question.
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if you lack hobbies at home nothing will change in Thialand.
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Social Security Faces a Large and Growing Shortfall The Social Security Trustees project the program will run ongoing deficits. This year, the Trustees estimate the program will run a cash-flow deficit of $73 billion. However, if the current crisis leads payroll tax revenue to fall 10 percent in 2020 (as an example), that deficit would expand to $177 billion. From 2021 through 2030, the Trustees project $2 trillion of cumulative deficits. https://www.crfb.org/papers/analysis-2020-social-security-trustees-report
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You are 100% wrong. The SS cash flow defcit started in 2010. Since 2010, Social Security has been running cash deficits -- meaning that the total tax revenue it brings in from the payroll tax and income taxation of benefits has fallen short of benefit payments. So far, those deficits have totaled nearly $450 billion and this year alone will exceed $70 billion,. In their latest report"the Trustees project annual deficits for every year of the projection period." https://www.crfb.org/blogs/real-story-social-security-deficits But that's no reason to ignore the serious fiscal issues with America's main retirement program. Since 2010, it has been running a cash-flow deficit—meaning that the Social Security payroll taxes the government collects aren't enough to cover the benefits it's obliged to pay out. That should have been a signal that the time had come to look at reform. https://reason.com/2018/01/15/start-saving-now-because-socia/ Annual Social Security Shortfalls (2010–2023) Year Net Cash-Flow Deficit (Approximate) 2010 $49 billion 2011 $46 billion 2012 $55 billion 2013 $71 billion 2014 $73 billion 2015 $74 billion 2016 $75 billion 2017 $83 billion 2018 $85 billion 2019 $89 billion 2020 $88 billion 2021 $96 billion 2022 $98 billion 2023 $41.4 billion Here is the link for the graph labled Chart A https://www.ssa.gov/oact/trsum/
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US court blocks Trump's sweeping tariffs, citing overreach of authority
TedG replied to gargamon's topic in Political Soapbox
The POUTS should not have the power to entact tarrifts. Peroid, end of story. -
US court blocks Trump's sweeping tariffs, citing overreach of authority
TedG replied to gargamon's topic in Political Soapbox
I don't mind this court result. Congress never should have passed a law giving the POUTS the power to enact tariffs. Will this apply to Biden's tariffs? -
Report British Woman Arrested at Heathrow for Cannabis Smuggling
TedG replied to snoop1130's topic in Thailand News
Being arrested in the UK is a far better outcome than being detained in Thailand for this offense. -
This is what progressives do then they are in charge.
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CA has 187,000 homless people. What a mess. If I take a political angle on this issue, the numbers exploded under Joe Biden.