The Super Committee's Super Failure Was Super Predictable

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“Remember, not only did you contribute to Social Security but your employer did too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that’s close to $220,500.”
“If you calculate the future value of $4,500 per year (yours & your employer’s contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working you’d have $892,919.98.”
“If you took out only 3% per year, you’d receive $26,787.60 per year and it would last better than 30 years (until you’re 95 if you retire at age 65) and that’s with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you’d have a lifetime income of $2,976.40 per month.”
“The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had.”
“Entitlement my ass, I paid cash for my social security insurance!!!! Just because they borrowed the money, doesn’t make my benefits some kind of charity or handout!!”
“Congressional benefits —- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days, now that’s welfare, and they have the nerve to call my social security retirement entitlements?”
“We’re “broke” and can’t help our own Seniors, Veterans, Orphans, Homeless”
“In the last months we have provided aid to Haiti , Chile , and Turkey . And now Pakistan ……home of bin Laden. Literally, BILLIONS of DOLLARS!!!”
“Our retired seniors living on a ‘fixed income’ receive no aid nor do they get any breaks while our government and religious organizations pour Hundreds of Billions of $$$$$$’s and Tons of Food to Foreign Countries!”
“They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives and now when it’s time for us to collect, the government is running out of money. Why did the government borrow from it in the first place? Imagine if the *GOVERNMENT* gave ‘US’ the same support they give to other countries.”
“Sad isn’t it?”
http://www.freerepublic.com/focus/f-chat/2782579/posts

Bill Hedges of MO 8:49PM November 26, 2011

Rich of CO
I am very aware they STOLE THE MONEY. I carefully worded “Got, in theory, interest for 40 years +.”
I was arguing against david statement “DAIVID MISTAKING SAYS “Really, why should the “” It's the white elephant in the room question that everyone tries so hard to ignore” which I quoted first thing.
Was NOT SENIOR'S FAULT !!!
In the beginning Congress closed the loopholes and we were all required to buy into this. Necessary funds was paid in to support the program so we are not the Albatross around “American tax payer”...by... “decrepitude of our seniours” neck.
Now you redirect your blame to government_ “They lied to you.” Had david did that in first comment I would have written a different comment.
“American tax payer be a hook to fund the decrepitude of our seniours?!” was OFF THE SCALES of proper blame. We PAID OUR DUES...
I personally have cash, which I invest, and a job retirement to supplement my social security. I early on planned for my retirement. All I earned and paid for. “ Decrepitude” is not in my vocabulary...
You crazy liberals say “tax cut” cost. They do for “non-rich”. You use simple math and say lower tax for rich cost this much. Well it doesn't work that way. John F. Kennedy said best way to make rich pay MORE is to reduce their taxes. When not incumbered by government as barry's laws and EPA is doing, rich invest instead of hiding their money:
“According to the non-partisan Congressional Budget Office (CBO), the Bush tax cuts actually shifted the total tax burden farther toward the rich so that in 2000-2004, total income tax paid by the top 40% of income-earners grew by 4.6% to 99.1% of the total.”
http://www.americanthinker.com/2010/03/lying_about_bushs_tax_cuts.html
So are all wars bad ? Barry continued Iraq war and Senator barry was for Afghanistan war. President barry who got Nobel Peace Prize started a war encounter. I don't know about our 12 operatives arrested in Iran. Was barry planning a intervention there ? Interesting isn't it Rick ?????????????????????????????????? barry continued Bush's drones. I don't give a hoot the liberals point of view on war. I simple give the actuality of barry's actions and NOT HIS WORDS.
Barry is DEBT CHUMP___ personified___, pushing liberal ideology. You, your children and their grandchildren will be paying on that. Doing Bush 8 year debt in little over 2 years. Voters ended that trend Nov. 2, 2010. Clinton caused recession by bad home loans to poor helped by lawyer obama along with Acorn. Barney Frank said NO PROBLEM and democrats voted down Bush & McCain's regulations to try and stop the downfall on Wall Street and our Nation. Barry's HUD program was to help people across this Nation, it was like 3 States that got SOME HELP. HUD program was just TRASH as a FAILURE. NORM for barry. The GREAT obamacare doesn't go into full affect for years. Think of all those families going broke over medical bills without that insurance. NEVER MIND CBO SAYS OBAMACARE IS A---DEBT--- OF A IDEA. Proving once again we can not live with barry for 4 more years. He already replaced the peanut farmer as worse of the worse presidents...

Bill Hedges of MO 5:54PM November 24, 2011

Rich of Co.,
I take it you are all for privatizing social security , the way it was meant to be . Bill Hedges , myself alot more people would be better off . How about if the goverment spent within it's means . How about public sector unions and their drain . How about what the goverment pissed Bills and others money away on , whether we wanted to or not . Have you or any in your family gotten help ? If so thank Bill Hedges .

Hunter of WI 12:26PM November 24, 2011

Bill says: "Let's see, I paid into social security & medicare for over 40 years. My employer matched. Got, in theory, interest for 40 years +. SOCIAL SECURITY SAYS I EARNED INTEREST."
They lied to you. They stole your money to pay for pet projects, wars, entitlement programs and tax cuts that your generation wanted - now they're stealing my generation's money to pay you. I don't like that very much; I don't think it's right or fair.

Rich of CO 10:19AM November 24, 2011

THE SUPER-DUPER COMMITTEE'S FAILURE TO RAISE TAXES...
was another stop-gap victory along the way to getting Ron Paul elected.
If the libprogs like Leslie Em have a problem with Grover Nordquist, likely that their heads will spin around and they'll projectile vomit pea green soup should Paul get the republican nomination, given that Paul has targeted ONE TRILLION in actual, real federal spending cuts for year one alone in a Paul presidency.
Then after the head spinning and projectile vomiting, the libprogs like Leslie Em will beg for a herd of swine to be cast out into, as a President Paul declaring 'victory' in Afghanistan and pulling out ALL troops in short order would remind all the slimebag libprogs how they so willingly and eagerly crawled into bed with Bush-Cheney neocon war-n-waste mongers over 2008 Candidate Obama's clearly-promised Af-Pak escalation -- to get their guy Obama elected, to show Bush how a 'smart' war was conducted.
Paul is the much-needed, real-world middle ground you hear everyone talking so much about. If you have trouble seeing that, maybe, perhaps, it's possible that either you're not really seeking the real-world middle ground or wouldn't recognize such if it crawled up your backside and lit sparklers.
-----
PS: Something for Leslie Em's sawbones husband to consider:
Paul as an obstetrician never accepted federal money to treat poor people. He treated them for free.
All the things that stand in the way of physicians today doing the same for the poor as Paul did starting back in the late 60s are the things that need healthcare reform, particularly malpractice reform.
But the chief obstacle to physicians today doing as Paul did can't be reformed -- unrecoverable inflation.
So there's another prime example of the consistency of Paul shining through in an outstandingly-upright manner: His longstanding concern and opposition to money-supply inflation on the part of the Fed-enabled State, and how the hidden tax of inflation over the years has resulted in the situation where $18.37/per doesn't mean squat to a physician -- or many other less-noble trades or occupation for that matter.
Both the full-retail-price dems and republicans -- and their libprog/neocon shills -- would have you believe that each side offers convenient plug-in answers to the challenges we face.
They don't.
Only Paul represents an INTEGRATED SYSTEMS approach to the federal challenges we face. Paul's position on inflation and federal debt supports affordable health care, as does his position on global policing, nation building, and foreign aid.
Paul is a complete package deal. And it's primarily because the Leslie Em's of the world are such bass-ackward dem shills that they fail to recognize the most PROGRESSIVE presidential candidate out there: Ron Paul.
No better way to leave the dead libprog and neocon shills to bury each other while the whole rest of us move on to something much, much better than by recognizing the outstanding leadership value Paul represents, and choosing him for the next president.

dom youngross of OH 1:29AM November 24, 2011

DAIVID MISTAKING SAYS “Really, why should the American tax payer be a hook to fund the decrepitude of our seniours?! It's the white elephant in the room question that everyone tries so hard to ignore.”
Let's see, I paid into social security & medicare for over 40 years. My employer matched. Got, in theory, interest for 40 years +. SOCIAL SECURITY SAYS I EARNED INTEREST. Remember interest continues until principle is gone. I wonder, you think that could be $$$ 200,000, more or less ???
NOTE:_NO INTERESTED INCLUDED IN NUMBERS_
“1) a person who earns $15,000/year will pay $86,000 in payroll taxes (employer and employee combined) over 46 years of work. When he retires, his annual benefit will be $10,008 or 11.7% of his lifetime payroll taxes.”
“2) a person who earns $50,000/year will pay $285,000 in payroll taxes over 46 years of work. When she retires, her annual benefit will be $21,204 or 7.4% of her lifetime payroll taxes.”
“3) a person who earns $105,000/year will pay $599,000 in payroll taxes over 46 years of work. When he retires, his annual benefit will be $30,168/year or 5.0% of his lifetime payroll taxes.[56]"
http://www.justfacts.com/socialsecurity.asp
NOW this is social security and medicare. Your thinkng is FLAWED.
I think it is VERY SAFE to say interest will MORE THAN DOUBLE amount SHOWN...

Bill Hedges of MO 5:12PM November 23, 2011

Like everyone is saying, on the Net, We have a clown in the White House, And where are those jobs. Bloomberg reports that we will have 13% Unemployment this quarter. Can u believe this.. Check it out.. How high will it go up unemployment. And where are those jobs. Shame on you oboma. For Killing america. Where are those jobs that you promised ?? Where are they???? People are waiting.. Poeple are tired of waiting. Just lies and lies, From Both parties... He killed america, Talk too Sp and Finch and Moodys, Did they downgrade us yet.?

Jeff of FL 3:52PM November 23, 2011

Marshall wrote: "So America, thank the Republicans. In 10 years when we don't have enough money to properly fund the military, and going forward when being a senior who is sick will surely be a death sentence because there just will not be enough medical personnel or facilities to accommodate the growing number of seniors."
The constitution is pretty clear . . . the responsibility of the Government is to "provide for the common defense." It does not say, absolve a person of their individual responsibility to seek and pay for medical attention. What were these Senior's doing for the 40 years they had a career and a job? They would have had at least 960 paychecks during their 40 years. Could/should/would they have saved a measley $200 per month from each of those "paychecks" they'd have close to $200,000 squirreled away in a bank.
So, who is the bigger fool? They for thinking that good health lasts forever? Or we the people who allowed ourselves to be hoodwinked into paying for their abject failure to accept responsibility for their actions or lack thereof?
Really, why should the American tax payer be a hook to fund the decrepitude of our seniours?! It's the white elephant in the room question that everyone tries so hard to ignore.
The worst thing we can do as a nation is to do for people what they can and should do for themselves. It's called life. I particularly resent the implication that, I and other hardworking responsible Americans, should be guilted by your emotional appeal. For the record, I'm willing to help those who help themselves.
Which is the essence of my solution to the problem at hand regarding health care in America. If, the assumption is we absolutely MUST have government intervention in health care, then government assistance will help with your health care needs ONLY IF a person has first exhausted all your other options (community clinics, religious affliliations, extended family, resources, etc). Then, and only then, should/could/would government assist by providing $1 in health benefit for every $4 of out-of-pocket expenditures by the individual.
But to think that our nation's physical security should be sacrificed to give our seniors a few more years at club med is preposterous.

david of ID 3:42PM November 23, 2011