11 days until your SS checks might be interrupted

Diversity…. Lmao you call a program that is estimated to be fundless by 2035 part of a diverse and robust portfolio? If you think that I would argue you don’t know how to be diversified.


Oh I understand plenty that I’m putting into something I will never get back. Why should I be paying for someone else’s retirement in their bad investment into SS? They need to eat the loss, not me.

 

Trump can run on that.... The guy that raised the debt more than any other President had in 4 years ever

the Republican Tax cuts for the rich over the decades is why we have this huge debt

 

No, democrats raised the debt ceiling. Democrats were in charge of the house when those massive trillion dollar spending packages passed. We need to cut. It doesn’t matter whos the president it needs to happen and sitting here saying he spent money is not justification to spend more.

 

both Republicans and Dems raised the debt ceiling and dems were not in charge under Trump

 

That is the doings of Republicans that want to shift the money to the rich. A simple intention to resolve the problem would be all it takes. And besides, you’re entirely wrong about it being “fundless” at any time. With only current payroll taxes to support the system it would still be able to provide about 75% of scheduled benefits.

Haha! You must be still working. I worried about that too 25 years ago and thought I could do better. Then I worked a while as a financial planner and learned. And then I retired and experienced SS and learned. When you retire you will change your mind about this.

…to provide stability and prevent dire poverty for them and you if your bottom falls out. And you’re like a zealous investment newbee who has no clue about diversity and safety nets. I have become a pretty good investor in the stock market but 5 years ago I invested a chunk into an annuity paying 3% for diversity. By your thinking I was an idiot and I should just go for the big returns. That kind of thinking would only prove what I’m saying. Shall I explain diversity to you?

 

Screw the debt ceiling. It’s impotent and irrelevant. The Constitution says pay the bills and do not question them.

 

FWIW, SS checks are issued on the second Wed. of the month.

 

You have no idea what I consider to be a diversified portfolio. And yes you want the companies that retain value or increase. Obviously risk is a factor in the big money makers/losers. I understand this stuff and have read lots of books on economics to help me understand about markets that are good for investing. I’m not a young pup but I’m not retired and I think SS is worthless. It’s estimated by 2035 you won’t get your full benefits. If a company told me that I would lose 25% of my investment by the time a retired I would not add that to my portfolio. It’s a negative investment. If you think that’s acceptable then I doubt you invested as good as you claimed.

I would argue it’s democrats fault. But I know republicans play a role. The republicans want to fix it though and you never here democrats wanting to. Either extend the retirement age which many republicans have suggested or increase SS tax come 2035 so more people can fell like me.

 

And here is our master economist… I wish they would have passed the balanced budget amendment that democrats were so opposed to. But hell with that, let’s just spend and spend without ever paying off. What’s our debt to GDP again?

sooner or later this will catch up to us far worse than our interests. We are selling our kids away with this debt. Our debt to GDP is over 130%. A good debt to GDP is supposed to be 60% or lower. We are not going to be living the highlife forever at this rate.

we already know your generation wasn’t good with debt, my generation needs to be. If we don’t no one will.

 

They seem to be able to carry all they need to carry in the smaller utilities. Yet to see a tray that is full in an F-150. My conclusion is the desire to drive an unduly oversized truck is more to do with the expression of some kind of machismo.

 

Lots of women drive big trucks too.

 

I don't think the president's too worried about it given his long history of going against social security.

 

Or it could be simply that people find trucks useful and lots of people use them for work.

I wouldn't call an F-150 all that oversized anyway.

 

Over 5 million Americans are SS supplemental recipients financed by Treasury’s General Account.

 

OK that's what the OP was referring to? SSI? I don't think so.

 

Looks like the Democrats need to get their heads out of their asses and make some cuts.

 

A swap from OAS non-marketable special issues to marketable T-Bills/Notes/Bonds does not increase the debt, however, public treasury buyers are needed to deplete the OAS Trust Fund, and a default may scare them off, thus, causing an interruption.

 

Nope

 

I have a feeling, like everything else, this will come down to the 11th hour of the 59th-minute sort of a deal. GOP won't get everything they wanted and neither will the Dems. I think the compromise will be the FY 2022 as a base line for all Federal agencies, which will be less of a cut than the GOP proposal, and a debt ceiling increase to $3 trillion and two years. Just a guess.

Bear in mind, they want to cut services out of the general operating budget for Veterans, such as health clinic visits at the VA for instance. It will also mean

 

With biden's record on social security he really doesn't have any room to point his crooked old shriveled up hypocritical finger at anyone

https://thehill.com/opinion/finance...ecurity-is-a-scandal-then-biden-did-it-first/

 

Not a smart answer.


The question is; Post Yellen’s June 1st deadline, will there be enough tax remittances to pay the bills, mainly Net Interest and Mandatory Expenditures?

 

In addition to the above, As of June 1st, Yellen’s DAILY Treasury Statements will reveal the pluses and minuses, thus, until then, who knows??????

 

I understand that it's not that big by your standards in america. The rest of the western world gets by just fine with smaller utility trucks (that are still actually very large). My point was you could save a lot of money on fuel by not having a huge gas guzzler with an empty tray. Personal choice I guess.

 

What proportion of big truck drivers are women?

 

I would love to have a small four-cylinder truck. The problem is the American market is much like the American motorcycle market...

In the rest of the world they have plenty of smaller displacement motorcycles, but there are not so many on the American market because everyone wants them to be as big as possible

I actually did find a 230 CC dual sport motorcycle after looking around but of course people give me guff for riding a "moped" lol. It will carry my somewhat fat behind easily at 60 MPH on the highway which is plenty fast enough for me. It has a top speed of 75 but I only briefly did that once just to see it happen.

It's the same way with trucks. You used to be able to find plenty of small trucks but now if you can find a used one, they demand a premium.

I don't really like that trend myself and find it rather wasteful unless you need it.

I have seen a small truck on the road that was an Isuzu flatbed that was a tiny little truck. It was almost surprising that it was street legal.

If two full grown men were sitting in the cab, it would be somewhat of a tight squeeze.

I love to have a tiny flatbed like that but of course they can't charge you $40 to 80 grand for it so there's not much demand and I don't know where I would even begin to look for one.

This is a fact that I always pointed out when people were bitching about gas and saying there's a gas crisis.

If it was such a crisis you wouldn't need to drive around a 4 to 6,000 lb truck