Posted on 09/30/2010 10:34:03 AM PDT by Slyscribe
Democrats calling on the White House to reject Social Security reform may not exactly be news, but this time they’re going beyond the usual, politically motivated allegation that Republicans want to privatize the program and are pushing the White House to preemptively reject even modest proposals such as raising the retirement age or means-testing benefits.
In a conference call with reporters Thursday, Sens. Sherrod Brown, D-Ohio, Bernie Sanders, I-Vt., and Reps. John Conyers, D-Mich., Raul Grijalva, D-Ariz., and Dan Maffei, D-N.Y., announced they had a petition signed by 105 members of Congress pledging opposition to any kind of reform.
(Excerpt) Read more at blogs.investors.com ...
How does continuing to let it go bankrupt save it? I suppose they use the same logic as removing 500 billion from Medicare saves it!!!
Much better if the country goes broke or bankrupt. Wonder where these people left their brains. Guess they never had any.
and how do they propose to save it?
In other words, they want to let Social Security collapse into complete insolvency, and take the rest of the country with it.
That, in a nutshell, ought to be the conservative response.
Social Security is the big dog that began the US welfare state.
Trying to alter any part of it will deliver a stake to the heart of the perpetrator.
But we can do better. At least Mr. Bush tried. These meatheads still think FDR’s still in the Great White Jail.
They won’t save Social Security. They’ll simply keep taxing you and spending the money on other things. Then, when you want to collect Social Security, they’ll tell you there’s no money. Consider that they now owe you $2.5 Trillion dollars that they have borrowed. Do you believe they’ll ever pay it back?
Their opponents in this election cycle ought to run ads charging that these Rats refuse to save Social Security from its inevitable bankruptcy if nothing is done.
By the way, conservative Congressmen and Senators have warned for years about the coming insolvency in the government’s gargantuan Socialist programs. We should give them credit for their common sense, even when their Democrat opponents scorned them for it.
Nothing wrong with Social Security! Here is the government’s promise from 1964! You DO trust the government to look out for your interests, don’t you?
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And here is where your “contribution” goes!
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
I’m less than two years away from SS. I would hope they could save it without me taking a cut but if they have to they have to. They need to faze in individual accts. I.E. Those over a certain age continue as is...Those between certain age chose one or the other...those below a certain age go to individual accts>
If you did not faze that in it would never pass.
The word is "phase" and the answer is "obviously."
Democrat pal for ‘saving’ Social Security:
Seize 401k’s so that granny won’t have to eat dog food.
I am not expecting to get a single red cent from Social Security.
I view that money being taken out of my check each week as simply a reduction in pay from the government that I have no control over.
As a matter of fact, I don’t expect to ever be able to retire, but that is only If I’m lucky and continue to have the opportunity to work. If I’m NOT lucky, I’ll be jobless to the end of my days.
So they can, just, keep blaming (long-term political spinning) the GOP and all non-leftists over and over again for its total collapse.
SS will be means tested. If you have enough retirement funds in their opinion, your SS will be given to those who need it.
Yep. If I could convince my wife, I would tell her to pull all of our money out of our 401K now, pay the penalty and buy gold. With all the inflation coming, that money will be worthless, and what of it isn’t worthless, the government is going to attempt to grab and control.
My wife would never even consider this, soooo...I’ll go down with everyone else, but I’ll be married.
Interesting...recently, during a conversation, I asked her: “Sweetheart, I’m just curious: Where do you think the economy is headed?” She thought it was going to be lousy for a while, then get better. Well, I guess I know what tack I am taking, then. Joined at the hip...for better, or worse.
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