Posted on 07/23/2004 2:33:35 PM PDT by mft112345
If we want to prevent SS from going under, I propose that members of congress pay into SS just like everyone else, and discontinue the golden parachutes they have instituted for themselves.
Didn't I hear that they are now going to cever obesity?
Look for a lot of fat folks joining health clubs on our taxes.
Why? Just raise it by 5 years right now and phase out Social Security altogether.
It's not about demographic problems --- the whole problem is that it's a Socialist program and Socialism just doesn't work for very long. Mexico has about the highest birth rate in the world and it's government retirement plan is going broke before ours which is why they're demanding to be included in ours.
They have - since 1984
Think things will be better by 2050?
What makes you think so? Don't you know that Social Security benefits have been increased every election cycle since 1937?
Congressional pensions are another story - they do, however, pay Social Security tax.
Why don't you post your own thoughts over on the blogs...you set this up to look like it is someone important or something that is something more than just another opinion...We all got opinions but we aren't so desperate as to post our own ramblings as if it were NEWS
Statement B: Repeating a warning from the 2004 Social Security Trustees report, Saving said these two programs are expected to consume 1/4 of all federal income taxes by 2019, and added that he doesn't expect Congress or the American people to allow this to happen
So....is it 73% or is it 1/4th?
Can someone explain this to me? It seems to be a mistake....can't be both ways.
No, I just hope we can turn the tide. For all of our sakes.
No problem! The real threat arrives in 2027. Nothing else will matter then.
"with some 40 percent of the nation's population already having reached the "governmental
dependency" phase."
Now that is pathetic.
Well we should start phasing out Social Security for anybody not in the work force right now. Good thing I am going to be a minister so I can opt out of that garbage
"If we want to prevent SS from going under, I propose that members of congress pay into SS just like everyone else, and discontinue the golden parachutes they have instituted for themselves."
Here, here! Then throw in all those public employees, many work for Social Security, who will never have to worry about SS benefits or medicare.
Income taxes account for only 25-30% of fed taxes? Are they counting the FICA as an income tax?
Where does the remainder come from?
"statement A: Congress would have to devote "73 percent of all income taxes from now until eternity" in order to pay for the two entitlement programs.
Statement B: Repeating a warning from the 2004 Social Security Trustees report, Saving said these two programs are expected to consume 1/4 of all federal income taxes by 2019, and added that he doesn't expect Congress or the American people to allow this to happen
So....is it 73% or is it 1/4th?
Can someone explain this to me? It seems to be a mistake....can't be both ways."
Apologies. To clarify: He said, assuming federal income taxes follow the same trend as they have over the last 50 years, Congress would have to apply 73 percent of income taxes from now until eternity to pay for the two programs.
""If we want to prevent SS from going under, I propose that members of congress pay into SS just like everyone else, and discontinue the golden parachutes they have instituted for themselves."
Here, here! Then throw in all those public employees, many work for Social Security, who will never have to worry about SS benefits or medicare."
Most members of Congress elected after a certain year in the 1980s do pay into social security. Call your congressman and ask for a report on this subject from the library of congress.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.