Three U.S. ex-presidents denounce the current one in a two-week stretch

[TedG]

9 hours ago, theshu25 said:

Not like the grifter in chief you have now. He only lies when he opens his mouth.

 

What does this reply have to do with my post? 

[gamb00ler]

On 5/27/2025 at 11:06 PM, TedG said:

 

This is not even remotely true.  If Joe Biden cared about the “sacred promise” of Social Security he would have fixed the permanent defcit that started under Obama in 2010. 

 

The dems are nothing but lying machines. 

Thank you for another steaming pile of crap.

Please beg someone with a brain to help you with your reading (and writing) skills.

 

The SS trust fund did not regularly pay out more in benefits than it received in income until 2021.  And... Golly.... that was under #45.  The SS trust fund did fall short for a few earlier years but a bipartisan bill in 1983 ensured the SS trust funding was secured until demographics took it into a decline starting in 2021.

 

Take your typical GOP fake history and go to the library.

 

[TedG]

29 minutes ago, gamb00ler said:

 

 

The SS trust fund did not regularly pay out more in benefits than it received in income until 2021.  And... Golly.... that was under #45.  The SS trust fund did fall short for a few earlier years but a bipartisan bill in 1983 ensured the SS trust funding was secured until demographics took it into a decline starting in 2021.

 

 

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/

 

[TedG]

49 minutes ago, gamb00ler said:

Thank you for another steaming pile of crap.

Please beg someone with a brain to help you with your reading (and writing) skills.

 

The SS trust fund did not regularly pay out more in benefits than it received in income until 2021.  And... Golly.... that was under #45.  The SS trust fund did fall short for a few earlier years but a bipartisan bill in 1983 ensured the SS trust funding was secured until demographics took it into a decline starting in 2021.

 

Take your typical GOP fake history and go to the library.

 

 

Sorry dude.  I'm  right and you are 100% wrong. 

 

 

[TedG]

@gamb00ler I'm looking forward to your rebuttal of my last two posts.

[TedG]

2 hours ago, BLMFem said:

You really need to tone down your pearl clutching, buddy. This is getting ridiculous. Are you really saying that since Tug doesn't have a problem with an American terrorist being taken out the NSA and Mossad might come knocking?😂

 

Sound like you are in favor of extrajudicial killing.

[TedG]

@gamb00ler  https://www.mercatus.org/sites/default/files/d7/SS-Trust-Fund-1000.png

 

 

[TedG]

14 hours ago, Tug said:

So you are an Al queda supporter?that dirt bag was a for real terrorist so stop with the false equivalence.

They were US Citizens.  What crime were they charged with? 

[TedG]

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

 

 

 

[gamb00ler]

16 hours ago, TedG said:

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

 

And from the horse's mouth, instead of a partisan web site:

https://www.ssa.gov/history/tftable.html

 

The reason the #'s disagree is because the CRFB arbitrarily decided that interest on the trust funds shouldn't be included.  OK.... I guess I should have told the bank holding my mortgage that "the interest shouldn't be included".. LOL

 

CRFB has an agenda and they made an arbitrary choice to exclude data that didn't support it.