Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Will there Be Social Security Left for You? Inequity in Entitlement Payouts
MainStreet.com ^ | 11-4-13 | Michael P. Tremoglie

Posted on 11/04/2013 5:54:25 AM PST by William Tell 2

According to a recent report by the Congressional Budget Office (CBO), different generations have paid and will continue to pay disparate amounts of Medicare and Social Security payroll taxes, and they will also receive dissimilar amounts of Medicare and...

(Excerpt) Read more at mainstreet.com ...


TOPICS:
KEYWORDS: ads; blog; blogpimp; budget; cbo; lockbox; medicare; pimpy; ponzi; socialsecurity; theft
Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200201-223 next last

1 posted on 11/04/2013 5:54:25 AM PST by William Tell 2
[ Post Reply | Private Reply | View Replies]

To: William Tell 2

Why have you excerpted your own blog?


2 posted on 11/04/2013 5:55:11 AM PST by humblegunner
[ Post Reply | Private Reply | To 1 | View Replies]

To: William Tell 2

Three dots after ‘and’ continuing a run-on sentence to a blog that’s truncated into endless pages? Cool story bro.


3 posted on 11/04/2013 5:58:14 AM PST by corlorde (forWARD of the state)
[ Post Reply | Private Reply | To 1 | View Replies]

To: William Tell 2
The taste gram and gramp love; a flavor for every palate.
4 posted on 11/04/2013 6:00:38 AM PST by JPG (Yes We Can morphs into Make It Hurt.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: humblegunner

Freeloader you must not be getting hand outs today


5 posted on 11/04/2013 6:01:27 AM PST by William Tell 2
[ Post Reply | Private Reply | To 2 | View Replies]

To: corlorde

Glad you liked it bro


6 posted on 11/04/2013 6:01:54 AM PST by William Tell 2
[ Post Reply | Private Reply | To 3 | View Replies]

To: humblegunner

Michael P. Tremoglie is a former Philadelphia Police Department police officer. Michael P. Tremoglie is currently a staff writer for The (Philadelphia) Evening Bulletin and a columnist for FrontPage Magazine. His work has regularly appeared in publications such as the Philadelphia Inquirer, Philadelphia Daily News, Human Events, Pittsburgh Tribune Review, the Lansdale Reporter, Delaware County Daily Times, and Insight magazine, among others. He has a BA in accounting and a Masters in Criminal Justice. He is the Author of A Sense of Duty.


7 posted on 11/04/2013 6:03:54 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: knarf

And, all of that is supposed to justify a teaser from his own blog on a story he indicates is written by him?


8 posted on 11/04/2013 6:07:36 AM PST by Gaffer
[ Post Reply | Private Reply | To 7 | View Replies]

To: William Tell 2
No blog hit for you.

Advise everyone do the same. He can't post it here? BS.

9 posted on 11/04/2013 6:21:28 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: knarf

Apparently he is also a scumsucking blogpimp.


10 posted on 11/04/2013 6:21:44 AM PST by humblegunner
[ Post Reply | Private Reply | To 7 | View Replies]

To: humblegunner

This is the classic blogpimp move. Normally I don’t care too much but this guy is being flagrant.


11 posted on 11/04/2013 6:23:17 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: William Tell 2
An alternate plan is an immediate increase in the payroll tax. Increasing Social Security payroll tax by 3.5 to 4 percentage points would make Social Security solvent. Another reform is means testing of Social Security and Medicare.

The current SS payroll tax is 3.6% (vice 3.5%) each for employee and employer.

The projected 75-year actuarial deficit for the combined Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds is 2.72 percent of taxable payroll, up from 2.67 percent projected in last year’s report. This deficit amounts to 21 percent of program non-interest income or 17 percent of program cost. A 0.06 percentage point increase in the OASDI actuarial deficit would have been expected if nothing had changed other than the one-year extension of the valuation period to 2087. The effects of recently enacted legislation, updated demographic data, updated economic data and assumptions further worsened the actuarial deficit, but these effects were completely offset by the favorable effects of updated programmatic data and improved methodologies.

While the combined OASDI program fails the long-range test of close actuarial balance, it does satisfy the test for short-range (ten-year) financial adequacy. The Trustees project that the combined trust fund asset reserves at the beginning of each year will exceed that year’s projected cost through 2027.

Social Security’s Disability Insurance (DI) program satisfies neither the Trustees’ long-range test of close actuarial balance nor their short-range test of financial adequacy and faces the most immediate financing shortfall of any of the separate trust funds. DI Trust Fund reserves expressed as a percent of annual cost (the trust fund ratio) declined to 85 percent at the beginning of 2013, and the Trustees project trust fund depletion in 2016, the same year projected in the last Trustees Report. DI cost has exceeded non-interest income since 2005, and the trust fund ratio has declined since peaking in 2003. While legislation is needed to address all of Social Security’s financial imbalances, the need has become most urgent with respect to the program’s DI component. Lawmakers need to act soon to avoid reduced payments to DI beneficiaries three years from now.

12 posted on 11/04/2013 6:42:48 AM PST by kabar
[ Post Reply | Private Reply | To 1 | View Replies]

To: JPG
The taste gram and gramp love; a flavor for every palate.

Canned Fancy Feast? Your grandparents are obviously too rich for Obama's America. I'm stockpiling Save brand cat food for my retirement.


13 posted on 11/04/2013 6:51:33 AM PST by KarlInOhio (Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: kabar
The current SS payroll tax is 3.6% (vice 3.5%) each for employee and employer.

Actually it is 15.3%, half for the employer and half for the employee up to the SS cap (around $110k) and then 2.9% (again split 50/50) above that for Medicare alone.

The person you quoted was talking about raising it 3.5-4% to a total of 18.8-19.3%. Yikes! Especially because I pay both halves directly.

14 posted on 11/04/2013 6:56:01 AM PST by KarlInOhio (Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
[ Post Reply | Private Reply | To 12 | View Replies]

To: KarlInOhio
Actually it is 15.3%, half for the employer and half for the employee up to the SS cap (around $110k) and then 2.9% (again split 50/50) above that for Medicare alone.

Actually it is not. The 15.3% includes the HI contribution. The OASDI (SS and DI) is 12.4%--6.2% for employer and employee. The HI rate is 2.9%, 1.450 for employer and employee.

The 2013 earnings cap for OASDI is $113,700. The cap will be raised to $117,000 in 2014. There is no earnings cap for HI contributions and Obamacare adds a surcharge for those earning over $200,000 (single) or $250,000 for a couple.

15 posted on 11/04/2013 7:10:42 AM PST by kabar
[ Post Reply | Private Reply | To 14 | View Replies]

To: humblegunner; Gaffer
No idea ... his name is nowhere except on that article and I assume he's just a writer that happened to be published by that blog.

That site too, has no "about us" link ... which made me suspicious.

16 posted on 11/04/2013 7:13:26 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Gaffer; humblegunner; knarf

First of all you do not know who I am. Second, it is not a blog. Third you guys are just freeloaders. Fourth you are worst than freeloaders because you think you can make the rules for something you do not own.

This is Robinson’s forum. You have no right telling anybody what to post, how to post it, when to post, or why to post it.

So keep complaining. You tell people more about yourselves than you probably would want them to know. LOL


17 posted on 11/04/2013 7:15:10 AM PST by William Tell 2
[ Post Reply | Private Reply | To 8 | View Replies]

To: William Tell 2

Normally I wouldn’t get into this, but truly, answer the question:

Why do you not post the entire article? there are no restrictions to doing so.

Why have a barrier to the rest of your post?

Why do we need to go elsewhere to read it, when there is no need to excerpt?


18 posted on 11/04/2013 7:20:10 AM PST by RoadGumby (This is not where I belong, Take this world and give me Jesus.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: William Tell 2
First of all you do not know who I am.

Michael P. Tremoglie, blogpimp. Aspires to be a journalist but fails daily.

Second, it is not a blog.

Oh yes. It's a bloggy blog of blogtastic proportions.

Third you guys are just freeloaders.

Yes, we're freeloading on Free Republic trying to drive traffic to our blogs.
Oh, wait.. that's you.

Fourth you are worst than freeloaders because you think you can make the rules for something you do not own.

Please indicate where anyone made or cited a rule.

You have no right telling anybody what to post, how to post it, when to post, or why to post it.

You seem to have no problem complaining about my posts. Are you special?

So keep complaining.

I certainly shall. It's a comfort to know I have your blessing.

19 posted on 11/04/2013 7:26:24 AM PST by humblegunner
[ Post Reply | Private Reply | To 17 | View Replies]

To: William Tell 2

“Third you guys are just freeloaders”

Define “freeloaders”? I mean, is it like a blog pimp such as yourself using FR to drive traffic to his blog and not paying FR for the service? Do you mean that kind of freeloader?


20 posted on 11/04/2013 7:33:55 AM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
[ Post Reply | Private Reply | To 17 | View Replies]

To: knarf; William Tell 2
Michael P. Tremoglie is a former Philadelphia Police Department police officer.

I recall a story a while back about a couple of Philly cops getting fired for fagging off in the break room.

Hmmmm... I wonder....

21 posted on 11/04/2013 7:52:39 AM PST by humblegunner
[ Post Reply | Private Reply | To 7 | View Replies]

To: humblegunner

Hey Humble

I think I smell ozone from the Great Zot Machine preparing itself for action on William Tell.


22 posted on 11/04/2013 8:02:31 AM PST by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: William Tell 2

I normally think the blog police are over the top. But your one sentence excerpt, refusal to answer why you excerpted, and rude remarks... make them look justified.


23 posted on 11/04/2013 8:06:00 AM PST by csivils
[ Post Reply | Private Reply | To 17 | View Replies]

To: William Tell 2
No. The government mismanaged it....I should be able to sue.
24 posted on 11/04/2013 8:19:31 AM PST by Farnsworth (Now playing in America: "Stupid is the new normal")
[ Post Reply | Private Reply | To 1 | View Replies]

To: William Tell 2
This is Robinson’s forum. You have no right telling anybody what to post, how to post it, when to post, or why to post it. So keep complaining. You tell people more about yourselves than you probably would want them to know. LOL

Here is what Jim has to say on the issue.

"Our Bloggers Forum ( http://www.freerepublic.com/tag/bloggers-forum/index ) is open to all liberty-loving bloggers to post their great work to FR. But our readers are mostly interested in reading relevant posts in their entirety on FR without having to click to an unknown outside website where who knows what kind of cookies or tracking devices may await them. And they appreciate it very much when the blog authors join in on the ensuing conversation and become one of us.

Many times bloggers will post brief snippets only of their material and expect our readers to click on their link to get the "rest of the story" and then very seldom join in on the conversation that follows. No doubt this can give a blogger a few dozen extra hits and sometimes a little more, but unfortunately, it also raises the ire of some of our members.

If you would like to see your blog make it to the big times, and you have great news or great ideas to report, post your blog articles in their entirety to our Bloggers Forum on FR, and then join in on the fight for Liberty that follows!! If our readers like what you're posting, you may quickly become an accepted, trusted FReeper and you may start enjoying hundreds of new hits per each of your posted articles from FReepers who wish to see what else you may have to offer."

http://www.freerepublic.com/focus/f-news/2882227/posts

25 posted on 11/04/2013 9:04:50 AM PST by ansel12 ( Democrats-"a party that since antebellum times has been bent on the dishonoring of humanity.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: cpdiii
I think I smell ozone from the Great Zot Machine preparing itself for action on William Tell.

I hope instead that he shapes up, straightens out and stops his scummy pimping.

An attitude adjustment wouldn't hurt him either.

26 posted on 11/04/2013 9:11:56 AM PST by humblegunner
[ Post Reply | Private Reply | To 22 | View Replies]

To: William Tell 2

Socialism never works. Neither does blog pimping on FR. Both are proven to fail over and over and over. Yet some people continue to insist their way is better.


27 posted on 11/04/2013 9:20:35 AM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: humblegunner

If the poster is Michael (and I haven’t seen proof of that), then what he really needs is writing lessons.

I braved the dark side and read the entire article, and it is pretty poorly done. I’m not sure it is even clear what, if any, argument is being made. The math is clearly wrong (like claiming that payroll tax is 2.9%). But more importantly, I can’t tell if the author had a recommendation or a point. It was like reading an encyclopedia entry, a mish-mash of facts and figures and some random 3rd-party statements.

Most interestingly, the article doesn’t really answer the title question.

I can see why someone wouldn’t want to post the 1st paragraph. It essentially says “different people pay different amounts and will collect different amounts based on how old they are”. Which doesn’t seem like much of a revelation.

Other important discoveries are that people are living longer, and medical costs are rising. Also young people won’t have much luck with collecting anything.


28 posted on 11/04/2013 9:24:18 AM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 26 | View Replies]

To: CharlesWayneCT
If the poster is Michael (and I haven’t seen proof of that), then what he really needs is writing lessons.

Never mind that one -- clearly it is MIchael, as I would have known if I had gone to the poster's home page.

29 posted on 11/04/2013 9:26:04 AM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 28 | View Replies]

To: CharlesWayneCT

and I am probably being too hard on the poster. I tend to grade writing pretty harshly. I wrote a column for a paper for 7 years, and I didn’t even like half of what I wrote. It is hard to meet deadlines and stay relevant.


30 posted on 11/04/2013 9:28:09 AM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 28 | View Replies]

To: CharlesWayneCT
If the poster is Michael (and I haven’t seen proof of that)

He claims to be on his profile page.

Further, more than 90% of what he posts is from the same "author"...

31 posted on 11/04/2013 9:28:26 AM PST by humblegunner
[ Post Reply | Private Reply | To 28 | View Replies]

To: cpdiii
cpdiii said: "I think I smell ozone from the Great Zot Machine preparing itself for action on William Tell."

"William Tell 2" is not I, "William Tell".

Any similarity to me is purely coincidental and his opinions do not in any way reflect mine.

32 posted on 11/04/2013 9:46:36 AM PST by William Tell
[ Post Reply | Private Reply | To 22 | View Replies]

To: Jim Robinson

If you do not want me to post anything that is your right to tell me. It is your forum. So I will not do so in the future.

Bye


33 posted on 11/04/2013 9:53:23 AM PST by William Tell 2
[ Post Reply | Private Reply | To 27 | View Replies]

To: William Tell 2; Jim Robinson
If you do not want me to post anything that is your right to tell me.

That isn't even close to what Jim said.

So I will not do so in the future.
Bye


34 posted on 11/04/2013 9:58:34 AM PST by humblegunner
[ Post Reply | Private Reply | To 33 | View Replies]

To: CharlesWayneCT; humblegunner; William Tell 2
"...and I am probably being too hard on the poster..."

On the contrary, I think you're being overly kind.

I can just envision my old English Professor, Dr, Ed Cronin PhD (Emeritus) grading this sophomoric mess. He used to say that his commentry on our work was not made in red ink, but rather his Irish Blood.

After reviewing this pimp's work he would have needed a transfusion. That is if he even wasted a click to read the rest of this illiterate drivel.
35 posted on 11/04/2013 10:00:04 AM PST by shibumi (Cover it with gas and set it on fire.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: William Tell 2; humblegunner

36 posted on 11/04/2013 10:09:40 AM PST by shibumi (Cover it with gas and set it on fire.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Gaffer; humblegunner; knarf; cpdiii; shibumi

And while you guys back slap and huff and puff ozone over putting down another “blogpimp” the fundraising bar crawls across the screen so slow it practically never goes away.


37 posted on 11/04/2013 3:40:50 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
[ Post Reply | Private Reply | To 36 | View Replies]

To: dynoman

monthly donor


38 posted on 11/04/2013 3:46:29 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: knarf

So what? The bar still crawls so slow it practically never goes away.


39 posted on 11/04/2013 3:49:08 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
[ Post Reply | Private Reply | To 38 | View Replies]

To: dynoman

Guess you oughta pull out that credit card then.


40 posted on 11/04/2013 3:51:35 PM PST by humblegunner
[ Post Reply | Private Reply | To 37 | View Replies]

To: William Tell 2

http://archive.frontpagemag.com/bioAuthor.aspx?AUTHID=1674

http://www.freerepublic.com/~williamtell2/

So Mikey, why’d you lose your gig at Front Page Mag? Was it hard hitting articles like this? At this rate you’ll be doing the horoscopes in the Thrifty Nickle in no time, maybe personals in the local alternative rag.


41 posted on 11/04/2013 3:51:43 PM PST by Tijeras_Slim
[ Post Reply | Private Reply | To 33 | View Replies]

To: dynoman

it’s the root of all evil ... not that reworded crap you have.


42 posted on 11/04/2013 3:52:04 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: knarf
Might be a lot more donors if there wasn't so many childish blogpimp attacks littering the site like moldy rabbit turds.
43 posted on 11/04/2013 3:52:26 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
[ Post Reply | Private Reply | To 38 | View Replies]

To: dynoman

Click the Pic!

44 posted on 11/04/2013 3:53:57 PM PST by humblegunner
[ Post Reply | Private Reply | To 39 | View Replies]

To: humblegunner

Why? So I feel good about supporting all your studly blogpimp attacks?


45 posted on 11/04/2013 3:54:04 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
[ Post Reply | Private Reply | To 40 | View Replies]

To: ansel12; William Tell 2

I doubt the blog pimp will respond to your post. It contains too much valid refutation of his insults.


46 posted on 11/04/2013 3:55:08 PM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
[ Post Reply | Private Reply | To 25 | View Replies]

To: humblegunner

Infantile.


47 posted on 11/04/2013 3:55:15 PM PST by dynoman (Objectivity is the essence of intelligence. - Marylin vos Savant)
[ Post Reply | Private Reply | To 44 | View Replies]

To: dynoman

No, not infantile, justified. Blog pimps are not welcome here.


48 posted on 11/04/2013 3:56:46 PM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
[ Post Reply | Private Reply | To 47 | View Replies]

To: dynoman
Why? So I feel good about supporting all your studly blogpimp attacks?

You might contribute in the name of stopping "blogpimp attacks"...

Although you and I might have differing views on what those might be.

49 posted on 11/04/2013 3:56:50 PM PST by humblegunner
[ Post Reply | Private Reply | To 45 | View Replies]

To: dynoman

This is Robinson’s forum. You have no right telling anybody what to post, how to post it, when to post, or why to post it. So keep complaining. You tell people more about yourselves than you probably would want them to know. LOL
Here is what Jim has to say on the issue.

“Our Bloggers Forum ( http://www.freerepublic.com/tag/bloggers-forum/index ) is open to all liberty-loving bloggers to post their great work to FR. But our readers are mostly interested in reading relevant posts in their entirety on FR without having to click to an unknown outside website where who knows what kind of cookies or tracking devices may await them. And they appreciate it very much when the blog authors join in on the ensuing conversation and become one of us.

Many times bloggers will post brief snippets only of their material and expect our readers to click on their link to get the “rest of the story” and then very seldom join in on the conversation that follows. No doubt this can give a blogger a few dozen extra hits and sometimes a little more, but unfortunately, it also raises the ire of some of our members.

If you would like to see your blog make it to the big times, and you have great news or great ideas to report, post your blog articles in their entirety to our Bloggers Forum on FR, and then join in on the fight for Liberty that follows!! If our readers like what you’re posting, you may quickly become an accepted, trusted FReeper and you may start enjoying hundreds of new hits per each of your posted articles from FReepers who wish to see what else you may have to offer.”

http://www.freerepublic.com/focus/f-news/2882227/posts


50 posted on 11/04/2013 3:58:24 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 47 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-150151-200201-223 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson