2020 Election

[newfie]

Liquidate your obligation into your 401K? So you're saying that you're willing to pay help Social Security's total benefit obligations out of your 401K.? Might work IF EVERYBODY worked for a company that had a 401K AND it MAINTAINED it's contribution to it which as we saw in the last recession some didn't do . In addition would both the employer and employee both CONTRIBUTE ENOUGH and the plan EARNS ENOUGH to generate a payout LARGE ENOUGH?

And then again what is your solution for Medicare? FICA taxes support both.

No brain dead let ss liquidate into my 401 k . Jeez

 

[newfie]

Are you trying to tell me that you're tax dollars would alone pay the entire cost of your children's K-12 and college education at a private institution of learning with no public funding support of any kind?

Yes

 

[Old Man Jingles]

quite frankly i dont give a damn Virginia

Charlotte is in North Carolina.

 

[newfie]

I think @bacha29 is @rickyb's dad.

There is a resemblance

 

[newfie]

Trump tells Republicans he may begin cutting social security and Medicare if he wins in 2020

#fakenews

 

[bacha29]

Yes

According to the College Board the average cost to attend a private university $52,500 per year. And you say that your taxes alone are enough to pay for that as well as pay for any other kid you might have as well as pay for their K-12 ? LMAO.

 

[bacha29]

No brain dead let ss liquidate into my 401 k . Jeez

And if everyone did it then this is where the 2 trillion in transition costs comes in and therefore explains why your idea is going nowhere.

 

[DriveInDriveOut]

According to the College Board the average cost to attend a private university $52,500 per year. And you say that your taxes alone are enough to pay for that as well as pay for any other kid you might have as well as pay for their K-12 ? LMAO.

Average community college cost is 3k a year.

 

[bacha29]

Average community college cost is 3k a year.

Sure, a publicly supported community college. I'm talking about a strictly private 4 year university that receives zero public support.

 

[newfie]

According to the College Board the average cost to attend a private university $52,500 per year. And you say that your taxes alone are enough to pay for that as well as pay for any other kid you might have as well as pay for their K-12 ? LMAO.

The market adjusts to the conditions. Tuition costs are inflated due to universities being thu subsidized. Colleges are under no pressure to manage their costs under the current system.

 

[newfie]

And if everyone did it then this is where the 2 trillion in transition costs comes in and therefore explains why your idea is going nowhere.

One time charge for long term health. Current system has no bottom.

 

[moreluck]

Elizabeth Warren Now Betting Favorite to Win Democratic Nomination

 

[Box Ox]

Elizabeth Warren Now Betting Favorite to Win Democratic Nomination

Won't matter who the Democratic nominee is if Trump wrecks the economy unnecessarily.

 

[DriveInDriveOut]

Won't matter who the Democratic nominee is if Trump wrecks the economy unnecessarily.

Uh, Trump will just blame someone else.

 

[Non sequitur]

For the "ladies" still left in the race, sórry if I misidentified you, you'll need more vocal fry to be taken seriously.

 

[DriveInDriveOut]

Sure, a publicly supported community college. I'm talking about a strictly private 4 year university that receives zero public support.

So explain to me why my tax money should be used to forgive hundreds of billions of dollars for losers who overpaid for their education.

 

[BrownArmy]

Uh, Trump will just blame someone else.

Probably Obama.

Can’t wait to see who Bob blames when this dumpster finally goes on fire.

Hillary?

 

[bacha29]

One time charge for long term health. Current system has no bottom.

Right as in 2 trillion dollars and this estimate was the one set forth at the time of the proposed privatization of SS by Bush in 2005 and in the years since that estimate has been moved up to as high as 10.4 trillion to cover the huge benefit gap. The proposal lost the support of Bush's own party when it was faced with the prospect of heavy borrowing to close the gap. Looking today at an end of the current fiscal year deficit of 960 billion and a projected 1 trillion dollar deficit next year there's little support for privatization on the horizon or talk of a plan as radical as the one proposed in 2005.

In addition Bud, right now the 2020 election rides entirely on Trump's ability to reach a deal with the Chinese, one that is enforceable and creates the benefits for the US he said it will produce. If he doesn't have that deal and the benefits begin to be seen by the American public in the next 8-10 months he will almost certainly have a much harder time getting the nomination let alone getting reelected.

 

[bacha29]

The market adjusts to the conditions. Tuition costs are inflated due to universities being thu subsidized. Colleges are under no pressure to manage their costs under the current system.

Subsidized by means of public support and private tax deductible gifts and donations. Take all that away and you'll see far fewer kids with the money to attend college and far fewer admissions due to downsized operations and capacities.

 

[bacha29]

So explain to me why my tax money should be used to forgive hundreds of billions of dollars for losers who overpaid for their education.

Forgiveness of student loan debt must be accompanied by a certain qualifying criteria. It should also bring into focus the question of whether the loans were incurred by individuals who lacked the raw intelligence needed to pass college level courses in the first place.