"Got Republican Math?
#30 | POSTED BY DANFORTH"

------- Danforth, what happens if the population in the US stops increasing and/or AI takes 30% of jobs? Will SS remained balance in perpetuity?

"#29 | POSTED BY BELLRINGER"

You are wasting your time. ------- Danforth will argue until he is blue in the face that SS just needs more money and then it will be fine - somehow thinking this makes it different from Ponzi Schemes or Pyramid schemes that are balanced the same way as long as there are new suckers increasing the dollars flowing into it.

"And where in that pantheon is Republicans resetting the fiscal sights of the nation from surpluses to deficits?
#27 | POSTED BY DANFORTH"

Do you actually see what ------- Biden has done to the financial status of the country since taking charge?

For me, the best metric we can use for a President is:

(Deficit - interest payment on national debt) / GDP

I subtract off interest payments because they fluctuate with rates and the cost is due to the preceding presidents. It is a very fair metric.

For Trump, he had: 1.07% in 2017, 1.26% in 2018, and 1.94% in 2020. For Biden, I start in 2023 given COVID impacts. In 2023, he has 3.29% and 2024 projected at 4.07%. The nation has not gone over 4% in the metric since 2012 due to stimulus spending. Outside of that Obama averaged ~0.74%, 3.24% for all 8 years. For what its worth, Bush averages -1.03% and Clinton was even better.

The nation CANNOT run this stat up to 4%+ in times of a 'great economy' as Biden claims that we have. What is the justification? We need to get this back to 1% or less if we have any hopes of surviving.

"Well, 1 additional point on both the employer's and employee's side puts SS in balance into perpetuity.
#24 | POSTED BY DANFORTH"

Putting more money into bad ideas will usually allow them to perpetuate - including Ponzi schemes. You need to correct you statement - it will put into balance into perpetuity until: 1.) Dems increase benefits even more than now, 2.) Massive unemployments hits due to AI, 3.) Democrats vote to give SS to illegals that have paid into the system, 4.) Some other dumb ---- the Democrats decide to do to destroy the country.

"You forgot to say "-------".
#21 | POSTED BY REDIAL"

You are correct, he earned it with that post.

"The only people who might be in line to receive cuts to their Social Security would be the upper middle class and the wealthy ~ if necessary.
#19 | POSTED BY TWINPAC"

Are you retarded? What the hell do you mean 'if necessary'? The SS fund is empty in 2033/34 as it was designed to be emptied. At that point - ALL RECIPIENTS are taking a 23% haircut in promised benefits unless the government wants to admit that it is a welfare program and only give to the poor people.

"And yes, things are expected to get tight between 2034-2037, according to current projections."

This is a straight up lie. Things don't get tight, the SS fund will default on it promised payments. Of course, they will be able to pay a portion of SS obligations from current taxpayers - but, the fund is exhausted and they have known this for years - which is why it is a Ponzi scheme.

"But no, Social Security will not go bankrupt."

When you can no longer pay your bills in full or on time, you are bankrupt. Saying "I'll give you 77 cents on the dollar" does not change that fact. SS will not be able to pay current pensioners what they have been promised - PERIOD.

"The only way it could exhaust its funds completely is if it gets some help from an administration that is hell bent on killing everything it touches."

In 2034, it will exhausted all funds because it overpromised - as a result, you will receive 77 cents on the dollar. The only way this is avoided - like all Ponzi schemes - is to invest even greater amounts of money to balance it out for the time being.

"--------, clown.
#15 | POSTED BY LEGALLYYOURDEAD"

You are you are not very bright, I assume you are talking to me:

"tells millions of old people they can no longer have retirement.
#3 | POSTED BY ZED"

It is going to happen in under 10 years regardless. It is bankrupt.

"There appears to be very little that doesn't set wide-eyed Republicans to soiling themselves these days
#3 | POSTED BY DOC_SARVIS"

Yes, all those Republicans in NYC and Chicago angry that their communities are being flooded with illegals. Just wait until those people realize their school funding will be diverted into more English as a Second Language programs and the already failing schools completely cease to function.

"Delaware police and Secret Service agents would go on to investigate, after the pistol was discovered by a man rummaging through the bin for recyclable items."

Any Democrats on here want to explain why the Secret Service was involved? Is Hunter under 16? Those agents and the people that sent them should be fired for abuse of power - they had no right to be involved.

If you Liberals on here believe Millie on this you are dumber than I thought.

Once mouthpieces of Koch funded, neocon 'think tanks' start saying the war is lost, only the dumbest of the dumb would advocate sending more money and weapons.

I had covid, then had 2 vaccines, then had covid 3 more times. No reason to get the shot or get the boosters.

"Your use of terminology and/or examples are poorly chosen."

My examples are entirely appropriate.

"Gas / oil / crude / refined and milk and other 'foods and foodstuff' as well as metals and currencies and many other very volatile economic"

Which is why the government wants to exclude them from the 'core inflation' number. However, as my example pointed out, over a few decades, this argument is incorrect when they have shown a consistent deflationary pattern. This is due to constant innovation - for foodstuffs, it is due to better farming techniques + fertilizers.

"Inflation and deflation are terms most appropriate to overall economy of relatively stable-priced over time "capital goods and services (~70% in the US)" or few "capital segments" or "core" of the economy like real-estate, for example."

Except when you limit it to that definition, you completely ignore the cost of living changes for the actual consumer as well as ignore the impacts of monetary policies by making an artificially limited basket not really reflective of actual price changes that the consumer actually faces.

"Why the economic deflation is bad? Because a lot of businesses / producers would stop producing and/or stock up on stuff they would sell at a loss, and the customers would wait to buy stuff they could buy cheaper later
#14 | POSTED BY CUTIEPIE"

Again, if that is the case, no one would buy a computer today - or solar panels - or the dozens of other products that people know will offer a higher value in the future if they hold off for a bit. Deflation is like having a strong currency - it makes imports cheap and your cost of living will decrease. The people that hate it - and control most of the academic papers now - are the bankers who need a whole class of people constantly in debt along with governments constantly in debt. Governments constantly try to inflate their way out of trouble and it never seems to work (ask Argentina, Zimbabwe, etc). You have an irrational fear of deflation.

"I have to maintain a minimum balance of $4000 or I get charged evil bank fees.
#43 | POSTED BY REDIAL"

So you are forced to keep $4000 in cash in the bank earning 1% interest and you don't think you are being charged bank fees? LOL. You -------- say the dumbest things.

"#41 | POSTED BY REDIAL"

Better than living off of your credit card like you do now - if only you have $2000 in your bank account.

"Here, let me educate you once again:
Once again? That article is 8 months older that your current alias here on the DR.
#39 | POSTED BY REDIAL"

Obviously, you are beyond the ability to actually be educated.

We are discussing the Biden Admin redefining what is a recession. The article I linked to is on topic for that point.

Why ------- Danforth wants to continue to discuss that rather than cashless payment systems is only a question for him.

So, you have now been educated - now the task is on you to use your new found knowledge in a productive manner.

""For the Biden admin, they added in employment numbers in declaring the last recession was not a recession "
Bullschittt.
#36 | POSTED BY DANFORTH"

You are such an idiot. You have the memory of a goldfish -------.

Here, let me educate you once again:

"Treasury Secretary Janet Yellen, earlier speaking to reporters next door at the Department of the Treasury, said "most economists and most Americans have a similar definition of recession " substantial job losses and mass layoffs, businesses shutting down, private sector activity slowing considerably, family budgets under immense strain. In sum, a broad-based weakening of our economy. That is not what we're seeing right now."

"The gub'mint iz lyin' to us!
#34 | POSTED BY DANFORTH"

If anyone ever thought you were anything but a gullible -------, this post removes all doubt. You honestly believe the government doesn't lie to you? How GD stupid are you? The government literally lies to you all the time. Were you born yesterday? I don't even think your hardest of the hard core lefties on here will agree with you that the government doesn't lie.

"It's not the one YOU use.
#32 | POSTED BY DANFORTH"

I am contending that the government's numbers are a made-up even using the definitional changes to inflation that the government has done to cheat SS recipients out of their COLA. For the Biden admin, they added in employment numbers in declaring the last recession was not a recession - which is why you refuse to answer that question. For the US currently, the government is lying about inflation - if actually calculated using pricing changes, we are already in a recession. This is clearly shown in the US public feeling about the economy and direction of the country. Overall, 'direction of the country' is polling as a -56% rate. This is not because the economy is great - it is because normal people have realized we are already in a recession.

But back on topic - you have no issue with the move to cashless payments like your ------- brethren? That is the actual topic being discussed so try to fight your autism and stick to that.

""Tell me, what is the definition of a recession?"
Two consecutive quarters of negative growth.
#29 | POSTED BY DANFORTH"

Is this the same definition that the Biden administration uses?

"Seems like you don't have the intellect to actually know the definition and stick to it.
#27 | POSTED BY DANFORTH"

This is rich coming from a Democrat. Tell me, what is the definition of a recession?

"having no cash comes in quite handy when confronted by panhandlers
#1 | POSTED BY TONYROMA

"I have no cash," sounds better than "---- off, leave me alone."

#23 | POSTED BY DBT2"

I was going to wait for another liberal to jump and make this same point before I give my comment on it. This is Exhibit 1 on Drudge Retort liberalism.

When it comes to OUR TAX MONEY - these -------- cannot give it away fast enough to every crazy social spending program imagined.

However, when it comes to their money, they are unwilling to actually give it away freely. If it is not a good idea to give you money directly to the homeless guy (excuse me, 'unsheltered'), then why is it a good idea for you to give OUR tax dollars to the same people but through a middleman taking a cut of the action?

"Not talking about the supply chain, ReDial.
He's outlining how fees send money to third parties, it removes capital from local to global
#22 | POSTED BY ONEIRONAUT"

Believe me - this ------- knows this 100% already. However, the standard liberal comment style on this website is to try to make a point about something wholly unrelated to the topic being discussed and then to sit back with a slack-jawed grin like they made some profound point. This ------- does it - Danforth does it. It is a way to try to salvage their fragile egos when they know they don't have the intellect to actually engage in the topic. It is what it is.