"FFS can we get facts?"

Is your reaction going to be different if it's 8,874 versus if it's 13,257?

Or is this just a worthless hoop, to avoid addressing the central issue of the way the macro dial is being turned?

"selling off could be a ----- trap, though."

Going bust? Don't knockers it if you haven't tried it!

"never never never never never never..........borrow money to buy a car."

Unless they're offering it at 0%.

"You are over 60. If you can't buy the car with cash at your age..."

Huh? If you can pay cash, a 2% loan is a deal.

Weren't you crowing about 12% annual returns? Wouldn't borrowing as much money as possible at 2% be the goal, if you can turn around and invest it for 12?

Hell, I financed a new car in May 2020, five years, zero percent. Sure I could've paid cash...but why???

" ... rolling in a ----- Outback."

Is that anything like your Trans Am?

"That is exactly what you ------- Democrats demanded. Now you are regretting it?"

That's all you've got?!? I'm not a Democrat. I'm not in favor of the 2% return.

The only thing I'm regretting is getting in a conversation with a moron. G'Night, all.

"Danforth. He's going to prison for murder."

All I have to say in my defense is...

HE HAD IT COMIN'

"No one that has read more than 10 of your posts believes anyone would let you come close to managing money."

Idiots will be idiots.

Meanwhile, my investments made over 20% last year, I got out October 8th, and I could buy a top-of-the-line Outback with the money I haven't lost since then.

And if you don't believe the Trustee part, well...how much are you willing to lose on a bet?

"Social Security ran it last annual surplus in 2009, and began running permanent annual deficits in 2010"

Hmmm... I seem to recall someone posting these exact facts. I wonder who....

"So the government pays for the SS shortfall by borrowing money "

No, not yet. Not until the prior surplus funds run out. Good God, man...how math-ignorant are you?

But since you brought up "borrowing money"...

Since extending the Trump tax cuts represents borrowing over $4 Trillion in new money, to give more than half away to the world's richest 1/10th of 1%...

...are you in favor?

"I don't want to push his nose into ------- or spike the football here "

Holy fkkk. You can't tell the difference between the single-digit amount YOU PROPOSED, and 100%?!?

This moron is rounding first, in his home run trot, before he realizes the catcher is holding strike three.

"e entire argument was about moving the SS fund to allow it to invest in the market to earn more than 2% and Danforth just conceded the point."

No, dumfuq, I conceded to moving single-digit amounts. Reread as many times as it takes.

Are you a math moron?

Not a single dollar of the SS trust fund was stolen by politicians."

Really? I'll trade you a 2% IOU with a 25 year maturity for all the money you have.

The money stolen is the spread between the payout, and the realized income potential. If you don't understand that...go sit at the little kid's table.

"it still (out)performed your 2% bond yield you insist on taking."

Don't be a moron. I'm not in favor of the 2% yield; I want Trustees who are actually given the money. UP FRONT. It's one of the lessons I learned as a Trustee of multiple pension plans.

Basically, morons would have the American retirement system subject to the same whims as GameStop.

" 2.5% of pensionable income is allocated to a funded pension scheme"

I'd have no problem with a percentage of the income invested in the markets. Or controlled by the participants. Fine by me.

But your proposal isn't 2.5%, is it?

"Many if not most people here don't even pay 6.2%."

I pay 12.4%.

Of course, my boss is an -------. Has been since the day I became self-employed.

"Just take the cap off the 168,000k. Don't raise the rate. "

Frankly, there are LOTS of routes, and the most sensible would probably be to take a little bit of each.

Those who predict its demise, WANT its demise.

" if we are going to degrade ourselves down to who is the bigger "Nazi.""

So...you're unsure if it's Obama, or Elon?!?

Let me guess: lead paint chips aficionado?

" you (sic) solution is to raise taxes."

Well, yeah, when the paying populace drops, and the retired populace increases.

Gee, if there was only a name for it, like baby boomer retirement.

Rates can return when the ratio changes...or when actual Trustees are given actual money.

"Your plan is to have NO insurer of last resort. "

In the real world, even insurers have insurers.

"You don't understand the fundamental purpose of the fund."

Bingo. We have a winner.

"All this while SS spends less than 1 percent of it's budget on Admin"

Up until this point...the envy of the world.

Thanks, Trump...you ------.

"As I said, keep raising taxes and keep the system just scraping by - you prefer this over investing in the market so that the Fund could actually grow into a sovereign wealth fund..."

No, my preference is to treat the system as a pension plan with Trustees, where the money CAN'T be commandeered by greedy politicians.

"...because you are fundamentally stupid."

You still haven't done the models for SS during 2007-2008, and the 1930s, have you?

Go ahead, bask in your ignorance. Your plan is to have NO insurer of last resort. Talk about dumfuqs!

"you work at the flying J catching the overflow traffic"

Can this dude post anything aside from his fantasies???

Pro tip: if EVERYTHING makes you think of Truck Stop Sex...it's you.

"We know for a fact that SS goes bankrupt in the next 10 years"

Not if we don't allow it. 1 additional point for both the worker and the employer puts SS into balance for 75 years.

Anyone calling SS a Ponzi scheme is a moron who doesn't understand equations or definitions. In fact, the equation produced a SURPLUS at first, after Reagan raised withholding rates. And we knew then. the surplus would drop below zero sometime around 2011.

"Have the fund invest in the market and earn market returns - no other fix is required"

Moronic. You're leaving fates to the whim of the marketplace. Had Dubya gotten his way, the system would've collapsed during the 2007-2008 meltdown. Same with a decade like the 30s.

As I've pointed out, WE TRIED THAT BEFORE. That's WHY we have Social Security.