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by joanro on 31 August 2012 - 00:08
by beetree on 31 August 2012 - 00:08
;)
by Blitzen on 31 August 2012 - 02:08
by mtndawg on 31 August 2012 - 14:08
by SitasMom on 31 August 2012 - 15:08
Clint Eastwood's teleprompter wasn't working - it was all ad lib.
I wonder how many other 85 yo's could have struggled through.
by mtndawg on 31 August 2012 - 15:08
by SitasMom on 31 August 2012 - 16:08
i enjoyed the MA liberal democrat council member's speech - "he asked what did we promise? ....and by the end of his first year made good on all his campaign promises"
romney did not take a salary as MA governor.... he balanced the budget, he reduced taxes, he created a surplus....... he also created romney care....... helped to create a scholarship program so top 25% of graduates can go to MA collages
i enjoyed Jane Edmond former Director MA Dept of Workforce Developemen- "he asked what did we promise? ....and by the end of his first year made good on all his campaign promises"
romney did not take a salary as MA governor.... he balanced the budget, he reduced taxes, he created a surplus....... he also created romney care....... helped to create a scholarship program so top 25% of graduates can go to MA collages tuition free...
how many leaders spend countless money and time (their own $$ and time, not taxpayer's) to help the poor, weak and poor, and not brag about it, how many keep their campaign promises?
by SitasMom on 31 August 2012 - 16:08
Rand Paul's speach.......I love it!
by Preston on 02 September 2012 - 03:09

by Micaho on 04 September 2012 - 15:09
Social Security taxes are paid into the Social Security Trust Fund maintained by the U.S. Treasury (technically, the "Federal Old-Age and Survivors Insurance Trust Fund", as established by 42 U.S.C. § 401(a)). Current year expenses are paid from current Social Security tax revenues. When revenues exceed expenditures, as they have in most years, the excess is invested in special series, non-marketable U.S. Government bonds, thus the Social Security Trust Fund indirectly finances the federal government's general purpose deficit spending.
Social Security's ability to make full payments once annual benefits exceed revenues depends in part on the federal government's ability to make good on the bonds that it has issued to the Social Security trust funds. As with any other federal obligation, the federal government's ability to repay Social Security is based on the power to tax and the commitment of the Congress to meet its obligations.
In 2009 the Office of the Chief Actuary of the Social Security Administration calculated an unfunded obligation of $15.1 trillion for the Social Security program. The unfunded obligation is the difference between the present value of the cost of Social Security and the present value of the assets in the Trust Fund and the future scheduled tax income of the program. In the Actuarial Note explaining the calculation, the Office of the Chief Actuary wrote that "The term obligation is used in lieu of the term liability, because liability generally indicates a contractual obligation (as in the case of private pensions and insurance) that cannot be altered by the plan sponsor without the agreement of the plan participants."
http://en.wikipedia.org/wiki/Social_Security_(United_States)
In other words, it is a Ponzi scheme with an empty Trust Fund which the Government is not contractually obligated to repay.
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