This from the guy that asserts, without evidence, things that are demonstrably untrue. Sorry if you got the idea, somehow, that I hadn’t taken what you said at face value. I did. I mean, given that as far as we know you haven’t got the foggiest notion what you’re talking about. Kinda like it’s open to question how much you know about the WHO, or ice loss, or victim-witnesses, or whatever it is you think you’re doing right now. Like they say, the unexamined lie is not worth saying.
"Negative cash flow last year was about $74 billion, according to the latest trustees’ report, and this year the gap is projected to be around $84 billion."
I tracked that pull quote back through sundry and various wingnut blogs to an actual original source. You could have a look at it, in context, if you wanted. Or you could have a glimpse at the latest trustees’ report I linked for you. Then, tell us how Social Security is insolvent and has been for years. What with how income is more than outgo, and all.
From your "actual original source": "When Social Security needs to start cashing in its holdings of Treasury securities to meet its benefit obligations, the federal government will have to increase its borrowing from the public, or raise taxes or spend less."
Put simply: the "trust fund" is "unfunded".
Now you know.
LOL
"Negative cash flow last year was about $74 billion, according to the latest trustees’ report, and this year the gap is projected to be around $84 billion."
Unfunded "trust fund"=insolvency since 2010 when Social Security started to pay out more than it took in
The "Trust Fund" represents no more than monies other Federal Agencies have borrowed/taken from Social Security, and NONE ever have had any plan(s) in place to pay them back, thus the creation of "special" T-bonds.
" I do not think it means what you think it means. Find the existing funding, other than future taxes, or budget cuts. You won't, you can't, otherwise,
Either you know Social Security earns interest on their Treasuries that’s more than offset the negative cash flow, and you’re lying; or you don’t know, and you’re lying. Pretty sure it’s still lying even if you’re primarily deceiving yourself.
So you don't know.
LOL
I didn’t believe you that the moon was made of green cheese either.
I would have to
care.
All things disagreeable to you, are only/always met/responded by you with a personal triteness, your usual demonstrated aversion to substance.
LOL
This from the guy that asserts, without evidence, things that are demonstrably untrue. Sorry if you got the idea, somehow, that I hadn’t taken what you said at face value. I did. I mean, given that as far as we know you haven’t got the foggiest notion what you’re talking about. Kinda like it’s open to question how much you know about the WHO, or ice loss, or victim-witnesses, or whatever it is you think you’re doing right now. Like they say, the unexamined lie is not worth saying.
It's about what the "trust fund" consists of:
"special" t-bonds.
Problem is,
you have no idea what makes them "special"..LOL
"Negative cash flow last year was about $74 billion, according to the latest trustees’ report, and this year the gap is projected to be around $84 billion."
I tracked that pull quote back through sundry and various wingnut blogs to an actual original source. You could have a look at it, in context, if you wanted. Or you could have a glimpse at the latest trustees’ report I linked for you. Then, tell us how Social Security is insolvent and has been for years. What with how income is more than outgo, and all.
From your "actual original source": "When Social Security needs to start cashing in its holdings of Treasury securities to meet its benefit obligations, the federal government will have to increase its borrowing from the public, or raise taxes or spend less."
Put simply: the "trust fund" is "unfunded". Now you know.
LOL
"Negative cash flow last year was about $74 billion, according to the latest trustees’ report, and this year the gap is projected to be around $84 billion."
One, that’s not what you claimed:
Two, you keep using that quote. If you check, I do not think it means what you think it means. Social Security’s been solvent for decades.
Unfunded "trust fund"=insolvency since 2010 when Social Security started to pay out more than it took in
The "Trust Fund" represents no more than monies other Federal Agencies have borrowed/taken from Social Security, and NONE ever have had any plan(s) in place to pay them back, thus the creation of "special" T-bonds.
" I do not think it means what you think it means. Find the existing funding, other than future taxes, or budget cuts. You won't, you can't, otherwise,
STFU, and have a nice day.
.
Either you know Social Security earns interest on their Treasuries that’s more than offset the negative cash flow, and you’re lying; or you don’t know, and you’re lying. Pretty sure it’s still lying even if you’re primarily deceiving yourself.
They're paying interest. Yep, on unfunded "special" T-bonds.
Where's the funds/cash?
Keep looking, you're gettin' schooled.
Citation needed.
Find the funding.
There is none thus no citation(s)
Yes, I’m familiar with this inductive reasoning approach. It’s the same basic method you used to prove the cow jumped over the moon.