105 Democratic Lawmakers Reject Any Social Security Reform

IBD's Capital Hill ^ | 9/30/2010 | Sean Higgins

[Gideon7]

If you retire, and have a yearly income of 100,000, how much can you collect?

Nothing I think. SS takes away 50 cents on every dollar you earn above a small level.

[milagro]

Ask your local Congress critter--they make around that much. AND THEN ask them if they have participated in TSP (Thrift Savings Plan). If they have, they will probably have a nice little sum invested in TSP, because all Federal Employees are eligible to participate it that program, which allows for making investments into--THE STOCK MARKET!!!!

I would LOVE to see someone like Chris Wallace, or some good interviewer, ask a Congressperson (preferably a Dem) why they object to "privatizing Social Security" when they themselves have the option of putting part of their income into a system they claim is "too risky" for "ordinary folks" to take advantage of.

Betcha there would be some mighty sputtering going on in answer to any question about the Thrift Savings Plan, and why it is offered to Federal employees, and not to private sector ones!

[milagro]

You’ve got a GREAT Republican ad right there in what you wrote. Needs to go to the RNC (or any local Republican ad campaign) and get on national TV. It is simply the truth!!

[stephenjohnbanker]

I retired at 52 4 years ago. I will get nothing. No different than the feds sticking their hand in my back pocket, and stealing my wallet.

Our current government is no better than Bernie Madoff.

[stephenjohnbanker]

” Betcha there would be some mighty sputtering going on in answer to any question about the Thrift Savings Plan, and why it is offered to Federal employees, and not to private sector ones! “

Megyn Kelly might have the guts to do this. I doubt anyone else would.