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

[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.

 

 

[TedG]

1 hour ago, gamb00ler said:

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.

 

 

Interest payments originate from the general fund and are an expense to taxpayers.

 

You don't undersand how this suff works.   It's one side of the government paying the other side of the government. 

 

You will never admit that you are wrong. 

[gamb00ler]

5 minutes ago, TedG said:

Interest payments originate from the general fund and are an expense to taxpayers.

 

You don't undersand how this suff works.   It's one side of the government paying the other side of the government. 

 

You will never admit that you are wrong. 

LOL.... you're the one continually wrong.

 

Here's the skinny:

US government is continually borrowing money through the sale of Treasury bills.

They only borrow what they actually need.

Instead of selling those Treasury bills to a US person, or a US bank, or a foreign person... etc.  they sell those special bills to the SS trust funds at almost exactly the same rate.  So wether the Treasury pays the interest to the usual Treasury bill buyers or it pays the SS trust fund the result is the same.  The tax payer in the end pays the same amount of interest regardless if the SS trust fund or somebody else lent money to US gov't.

 

This is like the ABC's of finance but it continually soars over your head.

 

Open your eyes, do the math, wake up!

 

 

[TedG]

Just now, gamb00ler said:

LOL.... you're the one continually wrong.

 

Here's the skinny:

US government is continually borrowing money through the sale of Treasury bills.

They only borrow what they actually need.

Instead of selling those Treasury bills to a US person, or a US bank, or a foreign person... etc.  they sell those special bills to the SS trust funds at almost exactly the same rate.  So wether the Treasury pays the interest to the usual Treasury bill buyers or it pays the SS trust fund the result is the same.  The tax payer in the end pays the same amount of interest regardless if the SS trust fund or somebody else lent money to US gov't.

 

This is like the ABC's of finance but it continually soars over your head.

 

Open your eyes, do the math, wake up!

 

 

 

 

 

 

 

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. 

 

 

 

[TedG]

1 hour ago, gamb00ler said:

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.

 

 

BTW..your  link is cute.   The data on the table ends at 2009.  You problay figured no one will bother look at the link. 

 

 

[gamb00ler]

3 hours ago, TedG said:

 

 

 

 

 

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. 

 

 

 

If I didn't read it with my own eyes I wouldn't believe anyone could be so incompetent at reading and understanding how the SS trust investing in US treasury bills actually works.

 

 

[gamb00ler]

3 hours ago, TedG said:

BTW..your  link is cute.   The data on the table ends at 2009.  You problay figured no one will bother look at the link. 

 

 

I knew that, but I meant to add the other link... sorry I forgot.  Here it is:

https://www.ssa.gov/oact/STATS/table4a3.html

 

I keep forgetting to hold your hand at every step.

 

[gamb00ler]

@TedG here's a $100 lesson on financials that I'm giving you for free.

 

US gov't needs to borrow $4000 and is willing to pay 5% for a 1 year term.

Scenario A:

US gov't sells a $4000 Treasury bill to a Chinese investor.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the Chinese investor.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury

 

Scenario B:

US gov't sells a $4000 Treasury bill to the SS trust fund.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the SS trust fund.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury.

 

@TedG do you need help to spot the only difference between A and B?

 

 

[TedG]

10 minutes ago, gamb00ler said:

@TedG here's a $100 lesson on financials that I'm giving you for free.

 

US gov't needs to borrow $4000 and is willing to pay 5% for a 1 year term.

Scenario A:

US gov't sells a $4000 Treasury bill to a Chinese investor.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the Chinese investor.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury

 

Scenario B:

US gov't sells a $4000 Treasury bill to the SS trust fund.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the SS trust fund.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury.

 

@TedG do you need help to spot the only difference between A and B?

 

 

 

11 minutes ago, gamb00ler said:

@TedG here's a $100 lesson on financials that I'm giving you for free.

 

US gov't needs to borrow $4000 and is willing to pay 5% for a 1 year term.

Scenario A:

US gov't sells a $4000 Treasury bill to a Chinese investor.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the Chinese investor.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury

 

Scenario B:

US gov't sells a $4000 Treasury bill to the SS trust fund.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the SS trust fund.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury.

 

@TedG do you need help to spot the only difference between A and B?

 

 

 

Dummy...the Feds are borrowing from themsleves.  How hard is this for you to undersand?  

 

Your dumb logic is why the feds are 36 trillion dollars in debt. 

[TedG]

38 minutes ago, gamb00ler said:

If I didn't read it with my own eyes I wouldn't believe anyone could be so incompetent at reading and understanding how the SS trust investing in US treasury bills actually works.

 

 

You did'nt read it.   

 

1) It does not show interest paid.

2) It stops at 2009 before SS sent negative. 

[TedG]

36 minutes ago, gamb00ler said:

I knew that, but I meant to add the other link... sorry I forgot.  Here it is:

https://www.ssa.gov/oact/STATS/table4a3.html

 

I keep forgetting to hold your hand at every step.

 

 

LOL...

 

You don't even kow the difference btween the two trust fund. 

 

The term Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds refers to two distinct trust fundsmanaged by the U.S. Treasury:

1. Old-Age and Survivors Insurance (OASI) Trust Fund – This fund pays retirement and survivors benefits.

2. Disability Insurance (DI) Trust Fund – This fund pays disability benefits.

While they are often collectively referred to as the "OASDI Trust Funds," they are legally and financially separateentities. Each fund has its own income, outgo, and balance, but both are used to finance the Social Security program.

[TedG]

19 minutes ago, gamb00ler said:

@TedG here's a $100 lesson on financials that I'm giving you for free.

 

US gov't needs to borrow $4000 and is willing to pay 5% for a 1 year term.

Scenario A:

US gov't sells a $4000 Treasury bill to a Chinese investor.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the Chinese investor.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury

 

Scenario B:

US gov't sells a $4000 Treasury bill to the SS trust fund.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the SS trust fund.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury.

 

@TedG do you need help to spot the only difference between A and B?

 

 

 

 

Again. Let's take this graph from the SS.gov website.  Look at the red line and compare it to the blue line.  No matter how you try to spin it, SS has run a deficit since 2010. End of story.

 

 

 

[TedG]

1 hour ago, gamb00ler said:

@TedG here's a $100 lesson on financials that I'm giving you for free.

 

US gov't needs to borrow $4000 and is willing to pay 5% for a 1 year term.

Scenario A:

US gov't sells a $4000 Treasury bill to a Chinese investor.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the Chinese investor.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury

 

Scenario B:

US gov't sells a $4000 Treasury bill to the SS trust fund.

The gov't adds the $4000 to the balance in the Treasury.

At the end of the year the US gov't cuts a cheque for $4000+$200 and sends it to the SS trust fund.

The US taxpayers collectively replace the $200 with taxes paid to the US Treasury.

 

@TedG do you need help to spot the only difference between A and B?

 

 

In Scenario B, where does the money come from to pay the interest?   Think about it. 

 

 

[gamb00ler]

11 hours ago, TedG said:

 

 

 

 

 

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. 

 

 

 

The issues that you are talking about in this post are ONLY relative to the national debt.  NONE of these issues are related to the SS trust funds.  The only connection between these issues and the SS trust fund is that like any other investor in the world the trust funds can choose to invest in the some of the safest bonds in the world, US Treasury bills.

[TedG]

25 minutes ago, gamb00ler said:

The issues that you are talking about in this post are ONLY relative to the national debt.  NONE of these issues are related to the SS trust funds.  The only connection between these issues and the SS trust fund is that like any other investor in the world the trust funds can choose to invest in the some of the safest bonds in the world, US Treasury bills.

Where does the money come from to pay for the interest?

[gamb00ler]

1 hour ago, TedG said:

Where does the money come from to pay for the interest?

Of course, the same place the money would come from if the Treasury bill was sold to anyone in the world.  The difference to the US taxpayer is 0

[gamb00ler]

9 hours ago, TedG said:

 

 

Dummy...the Feds are borrowing from themsleves.  How hard is this for you to undersand?  

 

Your dumb logic is why the feds are 36 trillion dollars in debt. 

The SS trust fund is a completely separate entity from the Federal Treasury.  There is zero overlap in management and responsibilities.  The only relationship is the same as between any lender and borrower.

 

There is also no budgetary relationship between the Treasury and the SS funds.  The US federal budget does not include any income or expenditure related to the SS trust funds.

 

So your claim that the Federal government is borrowing from itself is obviously false except in your make believe world.

[gamb00ler]

9 hours ago, gamb00ler said:

 

@TedG do you need help to spot the only difference between A and B?

 

 

I knew you would fail.

 

The ONLY difference is that in A the Chinese economy benefits and in B the SS trust fund benefits.

Which do you prefer?

[gamb00ler]

1 hour ago, TedG said:

Where does the money come from to pay for the interest?

I only answer really really stupid questions on Leap Year day, sorry!