Bush Adviser Warns of Social Security Cuts

[CADsortaGUY]

Originally posted by: BarneyFife

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

How are poor people like yourself going to pay for your prescriptions?

With money I earn and save. It really is that simple 🙂 People like you, who want the gov't to be a big giant teat to suckle from, need to understand that others don't like the cost shifting/wealth transfers.

CsG

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Yes bought into it. They allowed the thinking, that it was a way to retire, to propagate and grow. They allowed it to turn into the monster it currently is.

Sure, why not - lets keep passing a bloated destructive gov't scam on to our children and children's children. :roll:

Lets fix it now. My vote is to rid ourselves from it completely. If it takes paying whiners like RedDawn - so be it, but just remember that there is no gov't check after that one.

CsG

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Yes bought into it. They allowed the thinking, that it was a way to retire, to propagate and grow. They allowed it to turn into the monster it currently is.

Sure, why not - lets keep passing a bloated destructive gov't scam on to our children and children's children. :roll:

Lets fix it now. My vote is to rid ourselves from it completely. If it takes paying whiners like RedDawn - so be it, but just remember that there is no gov't check after that one.

CsG

When in doubt resort to name calling right Cad? How do you know that I am not a Government Employee and haven't paid into SS for years?

You sure seem fine with asking others to take a hit but when it comes to you being asked to take a hit then that's a whole different story huh! Seems to me it's you who's doing the whining.

 

[CADsortaGUY]

Originally posted by: Rainsford

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

Nice idea, how do we "fix" it? If we suddenly don't have a Social Security tax any more, currently retired people would be screwed. And if we phase it out to pay for the currently retired but no one else, current working people will have a cow (rightly so) that they will never see any benefit from the money they have paid into social security. And since the government doesn't have enough extra money floating around to keep Social Security going by itself, just what exactly would we do to fix it?

No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

 

[Red Dawn]

Originally posted by: CADsortaGUY
[
No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Yes bought into it. They allowed the thinking, that it was a way to retire, to propagate and grow. They allowed it to turn into the monster it currently is.

Sure, why not - lets keep passing a bloated destructive gov't scam on to our children and children's children. :roll:

Lets fix it now. My vote is to rid ourselves from it completely. If it takes paying whiners like RedDawn - so be it, but just remember that there is no gov't check after that one.

CsG

When in doubt resort to name calling right Cad? How do you know that I am not a Government Employee and haven't paid into SS for years?

You sure seem fine with asking others to take a hit but when it comes to you being asked to take a hit then that's a whole different story huh! Seems to me it's you who's doing the whining.

:roll: I'll be losing no matter what. I've paid in and expect ZERO. I simply refuse to keep paying into a scam that has a return of ZERO. You all had your chance and now can do nothing but whine and try to pass it on to the next generation and the ones after that. Disgusting.:disgust:
Yes, there is no doubt you are a whiner about SS. Who cares if you paid in. We all pay into the gov't. It's called TAXES. This is no different a concept. You aren't going to get a tax rebate check from SS. The money has been spent.

CsG

 

[CADsortaGUY]

Originally posted by: umbrella39

Originally posted by: upsciLLion

Originally posted by: BBond

Originally posted by: upsciLLion

Originally posted by: BBond
"No free lunches"??? After government raided Social Security funds for years. Despicable. We had a surplus and an opportunity to plan for the retirement of the baby boom generation. But the surplus was better spent enriching the already rich.

I sincerely hope all the retirees who voted for Bush enjoy choosing between working until they drop or starving.

You make it sound like the tactic of buying US Treasury bonds with SS surpluses is something unique to Bush. 😛

And may it never be that people should decide to take a hit for the betterment of their country.

It isn't unique to Bush and my statement says so. But Bush had a surplus to help shore up SS before the baby boomers retired and he decided to give it all away instead.

Fiscal responsibility never was a Bush strong suit.

Do you want the government to change your diapers too? Would it be too much to ask that people privately save on their own?

He may not have plans to save or improve SS (as if many want him to), but it's not like he made the mess.

:roll:

Would it be asking too much to expect that the money that has been taken out of your paychecks for the past 40 years to actually BE THERE when you retire? Get a clue.

Yes, it is too much to expect when you did not hold the gov't in check. The system was turned into a scam. People did not hold the gov't to their promise that the money would be held in trust. They allowed the gov't to spend that trust money on other things they wanted the gov't to supply for them. Sorry, but they allowed it - and they are not going to pass your scam down past me.

CsG

 

[Red Dawn]

Edit, already answered.

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY
[
No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

Exactly -the money is gone. However, if you prorate it - people like you can still have time to invest and retire(because the tax is no longer collected) and still get your gov't retirement subsidy when you hit 65.

CsG

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY
[
No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

Exactly -the money is gone. However, if you prorate it - people like you can still have time to invest and retire(because the tax is no longer collected) and still get your gov't retirement subsidy when you hit 65.

CsG

But that means you will still have to pay for it until the last of the who are entitled to it dies because as you said the money has already been spent.

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Yes bought into it. They allowed the thinking, that it was a way to retire, to propagate and grow. They allowed it to turn into the monster it currently is.

Sure, why not - lets keep passing a bloated destructive gov't scam on to our children and children's children. :roll:

Lets fix it now. My vote is to rid ourselves from it completely. If it takes paying whiners like RedDawn - so be it, but just remember that there is no gov't check after that one.

CsG

When in doubt resort to name calling right Cad? How do you know that I am not a Government Employee and haven't paid into SS for years?

You sure seem fine with asking others to take a hit but when it comes to you being asked to take a hit then that's a whole different story huh! Seems to me it's you who's doing the whining.

:roll: I'll be losing no matter what. I've paid in and expect ZERO. I simply refuse to keep paying into a scam that has a return of ZERO. You all had your chance and now can do nothing but whine and try to pass it on to the next generation and the ones after that. Disgusting.:disgust:
Yes, there is no doubt you are a whiner about SS. Who cares if you paid in. We all pay into the gov't. It's called TAXES. This is no different a concept. You aren't going to get a tax rebate check from SS. The money has been spent.

CsG

Yeah I guess we care about you as much as you care about us. You know it's not as if we are asking for something that isn't ours. It's not welfare, it's not some sort of entitlement, it's something that many of us had paid into our whole lives. It's not enough to live off of but it sure will help supplement our retirement savings. Hey it would have been great if we could have put that money in a 401K but we were given that opportunity. Now you suggest that we just forget about it so you won't have the burden we have had?

It sure as hell is an "entitlement" in your mind. Just look at what you keep typing. You keep demanding that you are owed something even though you allowed the gov't to spend the money that was supposed to be put in trust.
Yes, you've already gotten the use of your dollar invested(ie the gov't has spent it). I consider my prorating idea quite generous considering that fact. I really don't care how it is dispensed with - I just want the bloated scam gone.

CsG

 

[dmcowen674]

Originally posted by: CADsortaGUY

:roll: I'll be losing no matter what. I've paid in and expect ZERO. I simply refuse to keep paying into a scam that has a return of ZERO. You all had your chance and now can do nothing but whine and try to pass it on to the next generation and the ones after that. Disgusting.:disgust:
Yes, there is no doubt you are a whiner about SS. Who cares if you paid in. We all pay into the gov't. It's called TAXES. This is no different a concept. You aren't going to get a tax rebate check from SS. The money has been spent.

The FLL's and Talk Show Hosts whining now have no business whining.
This is what you guys wanted and you got it.

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: BBond
People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised. SS participation was MANDATORY. Our money was taken from our paychecks before we could save it. We had no choice in the matter.

SS is a TAX removed from our paychecks - and people have paid TAXES all their working lives. TAX money was taken from our paychecks before we could save it and have no choice in the matter. That's what the gov't does - it taxes you and then spends the tax it collects.
Yes, it's unfortunate that people bought into the SS scam but it's unsustainable and needs to be removed from our system.

The system needs to be fixed. Either now or later. I'm for fixing it now but you are free to want to push the scam on our children and our children's children if you wish.

CsG

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Yes bought into it. They allowed the thinking, that it was a way to retire, to propagate and grow. They allowed it to turn into the monster it currently is.

Sure, why not - lets keep passing a bloated destructive gov't scam on to our children and children's children. :roll:

Lets fix it now. My vote is to rid ourselves from it completely. If it takes paying whiners like RedDawn - so be it, but just remember that there is no gov't check after that one.

CsG

When in doubt resort to name calling right Cad? How do you know that I am not a Government Employee and haven't paid into SS for years?

You sure seem fine with asking others to take a hit but when it comes to you being asked to take a hit then that's a whole different story huh! Seems to me it's you who's doing the whining.

:roll: I'll be losing no matter what. I've paid in and expect ZERO. I simply refuse to keep paying into a scam that has a return of ZERO. You all had your chance and now can do nothing but whine and try to pass it on to the next generation and the ones after that. Disgusting.:disgust:
Yes, there is no doubt you are a whiner about SS. Who cares if you paid in. We all pay into the gov't. It's called TAXES. This is no different a concept. You aren't going to get a tax rebate check from SS. The money has been spent.

CsG

Yeah I guess we care about you as much as you care about us. You know it's not as if we are asking for something that isn't ours. It's not welfare, it's not some sort of entitlement, it's something that many of us had paid into our whole lives. It's not enough to live off of but it sure will help supplement our retirement savings. Hey it would have been great if we could have put that money in a 401K but we were given that opportunity. Now you suggest that we just forget about it so you won't have the burden we have had?

It sure as hell is an "entitlement" in your mind. Just look at what you keep typing. You keep demanding that you are owed something even though you allowed the gov't to spend the money that was supposed to be put in trust.
Yes, you've already gotten the use of your dollar invested(ie the gov't has spent it). I consider my prorating idea quite generous considering that fact. I really don't care how it is dispensed with - I just want the bloated scam gone.

CsG

I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY
[
No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

Exactly -the money is gone. However, if you prorate it - people like you can still have time to invest and retire(because the tax is no longer collected) and still get your gov't retirement subsidy when you hit 65.

CsG

But that means you will still have to pay for it until the last of the who are entitled to it dies because as you said the money has already been spent.

A small price to pay to rid ourselves of it.🙂 Oh, and I forgot. Anyone under 32 has ZERO claim to SS. Sorry - there has to be a cut-off (which includes me btw) and half of the "retirement" age sounds good. It also is early enough for people who "lose" it to invest and still be able to have a decent retirement(a gov't free retirement😉 )

CsG

 

[CADsortaGUY]

Originally posted by: Red Dawn
I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

Well, people like me sure as hell didn't have ANY say in the matter - we couldn't vote(or weren't alive😉 )

Ofcourse you didn't tell them to, but people of your age(and older) allowed it to happen. So yes, the blame lies with those who failed to act. I'm not going to fail to act in ridding ourselfs of this scam.🙂

CsG

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY
[
No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

Exactly -the money is gone. However, if you prorate it - people like you can still have time to invest and retire(because the tax is no longer collected) and still get your gov't retirement subsidy when you hit 65.

CsG

But that means you will still have to pay for it until the last of the who are entitled to it dies because as you said the money has already been spent.

A small price to pay to rid ourselves of it.🙂 Oh, and I forgot. Anyone under 32 has ZERO claim to SS. Sorry - there has to be a cut-off (which includes me btw) and half of the "retirement" age sounds good. It also is early enough for people who "lose" it to invest and still be able to have a decent retirement(a gov't free retirement😉 )

CsG

That sounds like a reasonable solution. Keep in mind though you would still have to pay the same percentage you are paying now for a couple of decades (well that's just a guess, I could be way off). Plus what's to keep the government from spending that money too?

You know if a Money Manager were to do what out government has done he would have been thrown in a jail a long time ago.

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn
I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

Well, people like me sure as hell didn't have ANY say in the matter - we couldn't vote(or weren't alive😉 )

Ofcourse you didn't tell them to, but people of your age(and older) allowed it to happen. So yes, the blame lies with those who failed to act. I'm not going to fail to act in ridding ourselfs of this scam.🙂

CsG

??? You've been voting for the last 14 or 15 years so you are almost as responsible as I am and as responsible as those 5 to 10 years your senior. Only those 18 years or younger have zero responsibily regarding our Government and the SS Funds

 

[Genx87]

It isn't unique to Bush and my statement says so. But Bush had a surplus to help shore up SS before the baby boomers retired and he decided to give it all away instead.

Fiscal responsibility never was a Bush strong suit.

Here is a clue. They spent too much in the late 1990s and thus when the revenues dried up from the dotcom crash. So did the surplus.

Basically what I'm saying is, if I have given the government 50 plus years of SS payements and SS does not exits when I retire, can I sue the government for stealing my money? It was mine after all, they took it to "invest" and lost it. We have no option to not contribute to SS so us 30 somethings are just getting bullied into giving money to the government "mob".

If the scam called SS was run in the private sector. People would be going to jail for many years.
I dont think you will be able to sue. But in all reality you shouldnt have to rely on SS to support yourself in your older years. Too many people spend their money like the govt through their life and realize about aged 55 maybe just maybe the money you get from SS isnt enough to live on.

People have paid Social Security taxes all their working lives. They deserve the benefits they paid for and were promised

So how much of your income are you willing to pay so somebody can recieve a benefit check? I have my threshhold and when it is reached Ill be leaving the country. How about you?

Just because FDR envisioned a corrupt broken system doesnt mean I should have to pay for it.

Our money was taken from our paychecks before we could save it. We had no choice in the matter.

Same with income taxes your point? The funny thing is Bush wants to privatise SS which means you will pick where the money goes. But you are complaining.

LOL bought into it, like we had a fscking choice. My father paid into it, I paid into it, might as well let future generations pay into it. Why should they not have to pay? Fsck it, we built the country they are living and prospering in..so much so that many can pay into it and still put away money to actually have a decent retirement fund.

Do you feel the same way about Income taxes?

Nice idea, how do we "fix" it? If we suddenly don't have a Social Security tax any more, currently retired people would be screwed.

Why dont you let Bush present his plan?!?!?!?!?
The only people screwed by this are the people who didnt think far enough ahead to realize SS isnt all it is cracked upto be. It is the same as welfare. The only difference is the age limitations put on SS and the fact so much is taken out of your paycheck to pay for it.

How about paying back all the money that was taken from us ? I know that would mean that the younger people would have to pay more in taxes until it isachieved but they might as well bite the bullet and take one for the country as they have contributed less to it than the older citizens.

So i should pay 70+% of my income to bankroll a broken system?

Canada here I come!

I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

Govt of the people. The people should have taken the initiative and booted people out who were raiding the SS fund.

It isnt fair to make a whole generation go bankrupt over a scam that was built 70 years ago. Either you fix the system or it will bankrupt this system. You want economic depression? Wait until the avg joe is paying 70% in income taxes and has no money left over to spend on anything but food and water.

This is what you get with a socialist system like this. How many times have we seen this happen before?
You would think after the nth time people would get the picture. Now people push for another huge entitlement program called Healthcare. Unbelievable!

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn
I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

Well, people like me sure as hell didn't have ANY say in the matter - we couldn't vote(or weren't alive😉 )

Ofcourse you didn't tell them to, but people of your age(and older) allowed it to happen. So yes, the blame lies with those who failed to act. I'm not going to fail to act in ridding ourselfs of this scam.🙂

CsG

??? You've been voting for the last 14 or 15 years so you are almost as responsible as I am and as responsible as those 5 to 10 years your senior. Only those 18 years or younger have zero responsibily regarding our Government and the SS Funds

Sure, and I'm accepting that responsibility. Notice the post above your two posts😉 However, we still didn't have a say in the matter as the scam had been fully transformed. I have voted against SS...or against it getting bigger rather. Unfortunately nothing has been getting done on that front. Maybe if enough people wake up to the scam and get off their duff to help change it - we could rid ourselves of this curse. However it takes quite a bit to get people motivated - and this subject is especially hard because old people gnash their dentures and get all pissy when the subject is even discussed.

CsG

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn
I like how you blame us for what our fscking government did. I didn't tell them to piss away the money or give it to the wealthy are part of a tax cut. If the government owed it then anything they had in surplus should have gone to pay it back.

Well, people like me sure as hell didn't have ANY say in the matter - we couldn't vote(or weren't alive😉 )

Ofcourse you didn't tell them to, but people of your age(and older) allowed it to happen. So yes, the blame lies with those who failed to act. I'm not going to fail to act in ridding ourselfs of this scam.🙂

CsG

??? You've been voting for the last 14 or 15 years so you are almost as responsible as I am and as responsible as those 5 to 10 years your senior. Only those 18 years or younger have zero responsibily regarding our Government and the SS Funds

Sure, and I'm accepting that responsibility. Notice the post above your two posts😉 However, we still didn't have a say in the matter as the scam had been fully transformed. I have voted against SS...or against it getting bigger rather. Unfortunately nothing has been getting done on that front. Maybe if enough people wake up to the scam and get off their duff to help change it - we could rid ourselves of this curse. However it takes quite a bit to get people motivated - and this subject is especially hard because old people gnash their dentures and get all pissy when the subject is even discussed.

CsG

Plus they are more likely to vote and in higher numbers. That's why nothing has been done before and probably won't get done now. Of course the Dub doesn't have to worry about getting re-elected but the senators and congressmen/women do.

 

[CADsortaGUY]

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY

Originally posted by: Red Dawn

Originally posted by: CADsortaGUY
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No, they wouldn't be screwed. Ofcourse you couldn't just stop it. If we phase it out - we prorate people's input. So basically if you are 40 you get 40/65 of your money at retirement. Everyone stops paying in immediately(as a separate tax). Benefits are locked at current levels(and prorated for future retirees). This would immediately solve any whining from those who bitch about the money they "put in" and "save" the old people from having to eat dog food.

Ofcourse such an idea would never pass but it's an idea.

CsG

That sounds fine to me. The problem is people are living longer so even then people would probably get more money than they paid in. Paying people back the money they put in over the years so they could invest it would seem more reasonable though maybe not feesable because the Government already spent those funds.

Exactly -the money is gone. However, if you prorate it - people like you can still have time to invest and retire(because the tax is no longer collected) and still get your gov't retirement subsidy when you hit 65.

CsG

But that means you will still have to pay for it until the last of the who are entitled to it dies because as you said the money has already been spent.

A small price to pay to rid ourselves of it.🙂 Oh, and I forgot. Anyone under 32 has ZERO claim to SS. Sorry - there has to be a cut-off (which includes me btw) and half of the "retirement" age sounds good. It also is early enough for people who "lose" it to invest and still be able to have a decent retirement(a gov't free retirement😉 )

CsG

That sounds like a reasonable solution. Keep in mind though you would still have to pay the same percentage you are paying now for a couple of decades (well that's just a guess, I could be way off). Plus what's to keep the government from spending that money too?

You know if a Money Manager were to do what out government has done he would have been thrown in a jail a long time ago.

No, we wouldn't be paying the same percentage for a couple of decades. The payout will immediately start to decline in rate(although total will go up when you baby boomers start suckling) due to it being prorated.
There is nothing to keep the gov't from spending the money, but it'll come directly from the budget - not some imaginary off-budget hide the monkey money game trust.😛 It'll be right there for everyone to see. It's already there but we just don't see it right now.
Precisely - our gov't is the only entity that thinks it doesn't have to follow the law when it comes to finances.

CsG

 

[piasabird]

I think we need a needs test for Social Security and we need to be pro-active now and take it away from all people who already have enough income and dont need it. Millionaires dont need to draw social security.

 

[dmcowen674]

Originally posted by: piasabird
I think we need a needs test for Social Security and we need to be pro-active now and take it away from all people who already have enough income and dont need it. Millionaires dont need to draw social security.

Especially when they didn't kick in their fair share to begin with.

 

[mwtgg]

Originally posted by: piasabird
I think we need a needs test for Social Security and we need to be pro-active now and take it away from all people who already have enough income and dont need it. Millionaires dont need to draw social security.

People put in, why shouldn't they get it? Who dictates what is "too much"?

Besides, Social Security is a fuc[/b]king joke, always as been and always will be until it is finally gotten rid of. Who's going to do it? I don't know, but something needs to be done.

Also, if the 'Trust Fund' wasn't spent up to pay for other bullshit programs, we wouldn't have to worry about younger workers pulling out of the program because all the money will be there. What I don't understand is why it was setup like this? Why wasn't it setup like a bank account? Every worker in America has their own account (which the government can't pillage, of course), and the money was deducted from your paycheck and deposited in your own account.

 

[CADsortaGUY]

Originally posted by: mwtgg
Also, if the 'Trust Fund' wasn't spent up to pay for other bullshit programs, we wouldn't have to worry about younger workers pulling out of the program because all the money will be there. What I don't understand is why it was setup like this? Why wasn't it setup like a bank account? Every worker in America has their own account (which the government can't pillage, of course), and the money was deducted from your paycheck and deposited in your own account.

Because that would have made sense?
Because it would have been harder to spend other people's money?
...

CsG