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Pentagon wastes funds

December 13, 2013

The Pentagon cannot account for more than $8 trillion U.S. taxpayers have given it since 1996, according to a report by the Reuters news agency....

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(45)

UberMan

Dec-26-13 2:14 PM

Fools to think everything listed in/on the CBO is correct.

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UberMan

Dec-26-13 2:08 PM

I say no to the SS 401K BS. That plan is moot if Congress and Employers get it in their thick head that it is a program to help Handicap and Elderly and that NO ONE should ever touch the fund. Thats it. tut tut. Shaddup! Thats it!

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MrBoB51

Dec-20-13 9:08 AM

No hostility towards you adkkev, nothing personal. I will, however, become defensive, hostile and generally grouchy when someone or some thing try's to come between me and my individuality.

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drugsrus

Dec-19-13 4:07 PM

adkkev, just 2 questions -- Do you understand how I came to that arbitrary figure? and would you take that job??

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adkkev

Dec-19-13 3:36 PM

MrBob, Drugs: I sense a bit of defensiveness & hostility in your posts in response to my comment. No ill intent was meant on my part, just an observation. I understand how the process works. The idea of moving to a completely optional 401k style retirement savings plan is intriguing but the trick would be figuring out the time line in decreasing SS contributions, etc. I'm figuring that you're suggesting a completely voluntary plan, with no employer contributions.

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MrBoB51

Dec-18-13 10:37 AM

Here's a snapshot of how it works adkkev. You're SS Award Benefit is based on your 10 best years' income even though you constantly pay into it eg. the more you're worth then, the more you're worth now. So now, if you were to put that same contribution into say, a passbook savings account, because of the miracle of compound interest those years of contributions grow exponentially. Not so with SS contributions and THAT is why I wholly support younger workers being able to invest at least 10% of their SS contributions as they see fit then slowly increase the amount until the Govt. is completely out of it. It's time to sensibly ramp this thing down.

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drugsrus

Dec-17-13 5:24 PM

here is a simple math example - You have $100 and the account pays 4% per year simple interest. after 1 yr. you have $104 - 2 yrs. $108.16 - at 10 yrs. your $100 has become $148.02 without additional deposits. The extra $8 was gained because the 4% is added to the new total each year. Don't forget your contributions to social security amount to half of what is "deposited" in your "account", your employer matches what you put in, by law

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drugsrus

Dec-17-13 5:04 PM

adkkev, that figure includes interest for up to 40 years on some "deposits". Don't think it adds up that fast?? Tell me, would you take a job that paid one cent for the first days work and your salary was doubled every day???? I would in a heartbeat.

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adkkev

Dec-17-13 3:05 PM

drugs: that's quite a hefty Social Security contribution on your part. I'm figuring you were self-employed and hence the large contribution rate.

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MrBoB51

Dec-17-13 12:14 PM

Fedup..it's also called 'trying to polish a turd'. The lib/socialist/progressive answers to your 2 other questions are 'All of it'...'None of it'.

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FedUp0416

Dec-17-13 11:11 AM

LOYAL: Social Democracy? Isnt that just a fancy term for Robin Hood? Basically you want to keep that demon capitalism so you have a source of funds(The Haves) to give to the lazy and entitled (Have Nots). Tell me something Loyal, just how much of the HAVES (MY MONEY) money will it take to solve the problem of poverty and entitlement? What percentage of my hard earned money will it take to get the lazy and unwilling back to work?

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drugsrus

Dec-17-13 10:22 AM

usedto, there is another option, work for the railroad. They were exempted from the social security system, BUT they came up with their own plan.

and FYI moron, I was answering a question, not griping. crawl back in your hole. I'm thinking that IF somebody took your brain and put it on the edge of a razor blade -- it would look like a BB in the middle of a 4 lane highway.

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Pards13

Dec-17-13 9:11 AM

I'm not so sure they are anything to aspire to.

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LoyalSocialist

Dec-17-13 9:00 AM

Though the small minded might see "Socialist" and instantly think of the doctrines of Marx or Engels, it is definitely not what I would like to see our government become. I believe in a "Social Democracy", which is what most of Northern and Western Europe uses as a base of government. It advocates for certain social programs to benefit the people (especially lower and middle classes), with a capitalistic economy, while continuing use of a representative democracy. Not all government needs to be one way or another, sometimes you can have a balance, so long as the people still have a voice.

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MrBoB51

Dec-17-13 8:20 AM

Uh,clue, drugs and I and many others ARE giving that money back...TO OURSELVES. Do you have any idea how SS works? Drugs explained it..extrapolate. My gawd loyal, in the real world, including your beloved socialism, 'defense' means winning by blowing more of your opponents people, things and ideologies to Kingdom come. In case you missed it in school, that's how you get to post such utter nonsense in America and the rest of us get to laugh at you, both with impunity. Does that annoy you? Anyhow, in my opinion, because of our Technological superority, we no longer need a huge standing Army just a presence and the threat of immediate retribution. We already have the first and used to have the second but the current Admin. has seen to it that no one believes us anymore, not even Americans.

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usedtolivethere

Dec-17-13 7:13 AM

drugs, no option? How about leaving the country that takes so much of your "hard earned money"? Not that principled, huh? Just gripe and gripe and gripe and...

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drugsrus

Dec-16-13 10:28 PM

and as I stated Medicare was not an option even though I had insurance without it. You will find out when you hit that magic number.

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drugsrus

Dec-16-13 10:26 PM

GetA Clue, you really need to get one. I had no choice but to contribute to the program as did my employers I prostituted myself for. Those "contributions" went (supposedly) into my "account". They refused my offer of a one time payout of $325,000 so I expect my check every month. It is my money.

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adkkev

Dec-16-13 10:06 PM

MrBob: thank you for answering my questions.

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PleaseGetAClue

Dec-16-13 9:59 PM

Hey Drugs...since you so vehemently hate social programs as you stated numerous times, why are you collecting social security????? and talking medicare participation????

wow, you should be giving that money back.....Oh, I get it...ok for you just not for others...(true colors always come shining through)

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PleaseGetAClue

Dec-16-13 9:51 PM

healthcare is only one-sixth of our economy because insurance costs and pharmaceutical companies have driven it up and are charging outrageous prices for everything health care

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LoyalSocialist

Dec-16-13 1:11 PM

Yes, there is waste in both of these programs and something should be done to change that. But, until that happens, would you rather see your tax $ go to another country's defense or to help actual U.S. citizens that cannot afford overpriced private insurance? I love how the right screams about the government taking away their rights, yet are COMPLETELY fine with expanding spending and use of the armed forces (the government's way to control it's citizens)?... Also, Medicaid and Medicare costs are high because... well... there really is no reason. The government doesn't do enough to regulate the healthcare industry's ludacris pricing. While this will not change anytime soon, I would seriously rather see my tax $ go back into the country, instead of overseas.

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FedUp0416

Dec-16-13 12:48 PM

LOYAL - While I appreciate your attempt to speak for your fellow liberal RS, you should not cherry pick your "facts". Defense spending for 2014 is scheduled to be 670 billion. Medicaid is 455 billion. But you seem to have forgotten Medicare which is 251 billion. That equals 676 billion. (Numbers came from CBO site. Next time you see your liberal friend RS, tell him that 670 is NOT alot more than 676. But with Common Core, you would probably get credit for it just for giving it a good try.

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Pards13

Dec-16-13 11:46 AM

Loyal, the first allows the second. There is waste in both budgets. The second penalizes those on Medicaid to try to improve themselves by eliminating instead of reducing the benefits they receive for going to work. If you really want to live in another world call Putin, I think he is looking for a few Loyal Socialists.

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LoyalSocialist

Dec-16-13 10:18 AM

$633 Billion military spending approved for 2014: ***********reutersDOTcom/article/2013/12/12/us-usa-defense-bill-idUSBRE9BB1CU20131212

2012 Medicaid Spending: $415 billion. *******kffDOTorg/medicaid/state-indicator/total-medicaid-spending/

Medicaid directly helps American citizens, "defense spending" injures/kills both Americans and non-Americans.

I'd rather take on the first cost.

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