Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dear Mr. President: Send me my money
Pittdburghlive ^ | 2/6/05 | Bill Steigerwald

Posted on 02/06/2005 10:20:10 AM PST by qam1

It's no accident I've hated Social Security for 40 years.

That's exactly how long the federal government has been skimming money from my paycheck and putting it into its Social Security "lockbox" for my retirement.

In 1964, the summer I made $547 as a stock boy in Eat 'n Park's warehouse, I heard Barry Goldwater boldly declare that Social Security should be voluntary.

I dug that message at age 17 and I still do, though at 57 I know I'll never live to see it happen.

In fact, I'd bet my 401(k) no one will ever live to see Social Security become truly voluntary, despite President Bush's brave call to privatize a portion of the government program Goldwater and many others exposed long ago as a socialist pyramid scheme.

The president's rhetoric was great in his State of the Union speech. He promised not to raise payroll taxes, though there's some question whether or not Social Security benefits will be reduced. And he called for young people to be allowed to put part of their payroll taxes into private retirement accounts that they, and not the government, will always own.

Excuse me, Mr. President. But if it really is "our money," why is Social Security still mandatory?

And why will there still be so many rules about what our young folk can do with the money they stash in their personal accounts?

(Excerpt) Read more at pittsburghlive.com ...


TOPICS: Extended News; Government
KEYWORDS: barrygoldwater; baryygoldwater; genx; ponzischeme; socialsecurity
Navigation: use the links below to view more comments.
first 1-5051-64 next last

1 posted on 02/06/2005 10:20:10 AM PST by qam1
[ Post Reply | Private Reply | View Replies]

To: qam1; ItsOurTimeNow; PresbyRev; tortoise; Fraulein; StoneColdGOP; Clemenza; malakhi; m18436572; ...
Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

2 posted on 02/06/2005 10:21:11 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1

Is this fellow under the impression President Bush can issue a decree and change the Social Security structure with a stroke of the pen?

Instead of taking the President to task, why doesn't he join in the effort to make the changes he desires?


3 posted on 02/06/2005 10:23:56 AM PST by cyncooper
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1

There's a new classification for those of us born from 1954 to 1965. We are now "GenJonesers" (I forgot why we're called that.) But I have embraced it. Please do not call me a baby boomer. I gladly throw off that label! :-)


4 posted on 02/06/2005 10:25:06 AM PST by sneakers
[ Post Reply | Private Reply | To 2 | View Replies]

To: qam1
15% of your payroll goes to Social Security. 15% PERCENT!!! If you want a retirement you pay for it AFTER.

It's the Democrats in congress that perpetuate this Ponzi scheme and call it a "safety net."

5 posted on 02/06/2005 10:35:56 AM PST by GVnana (If I had a Buckhead moment would I know it?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GVgirl

PING!


6 posted on 02/06/2005 10:40:26 AM PST by shubi (Peace through superior firepower.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: sneakers
We are now "GenJonesers"

Materialistic as in "Keeping up with the Jonses?"

7 posted on 02/06/2005 10:42:37 AM PST by freedumb2003 (Don't bring a moped to a car fight)
[ Post Reply | Private Reply | To 4 | View Replies]

To: qam1

Please add me to this ping list.


8 posted on 02/06/2005 10:42:44 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 2 | View Replies]

To: sneakers

Well, sneakers, a "Joneser" is someone who doesn't do anything to acquire things for themselves. They are always asking for a handout, and in many cases think they are entitled to it.


9 posted on 02/06/2005 10:44:20 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 4 | View Replies]

To: qam1
"Excuse me, Mr. President. But if it really is "our money," why is Social Security still mandatory?

And why will there still be so many rules about what our young folk can do with the money they stash in their personal accounts?"

First of your complaints, Social Security was mandatory to protect ignorant Americans from having nothing when they retire. Please understand the ignorant as being unable to understand their position when they reach retirement age. Without it most Americans would have to rely on their sons and daughters to live.

Second, you got that all wrong? When did he said what you have to spend your private account money on. I understand, like 401k or IRAs you can elect to withdraw and spend as needed. The only thing I missed is if what you withdraw it has to be taxed like 401k or IRAs.

I've been living on SS and and IRA for about 18 years now and boy do I live comfortable. Even my kids borrow from me. If I am wrong on this please someone correct me.
10 posted on 02/06/2005 10:44:21 AM PST by Logical me (Oh, well!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sneakers

I have a better name for that: Generation Screwed.


11 posted on 02/06/2005 10:44:46 AM PST by VRWC For Truth
[ Post Reply | Private Reply | To 4 | View Replies]

To: sneakers

"But I have embraced it. Please do not call me a baby boomer."

LOL, I embraced it too, but thanks to your post I now remember what the name is.


12 posted on 02/06/2005 10:45:59 AM PST by jocon307 (Vote George Washington for the #1 spot)
[ Post Reply | Private Reply | To 4 | View Replies]

To: qam1

I have to agree with the writer. Let me out of this crazy Ponzi scheme. You can keep what I have payed in. I want out ... now.


13 posted on 02/06/2005 10:46:59 AM PST by VRWC For Truth
[ Post Reply | Private Reply | To 1 | View Replies]

To: GVgirl

If Social Security is so great then why has Congress exempted themselves.

If Social Security is so great why have the Teachers Union opted out.

If Social Security is so great then why have certain Federal Workers like the Post Office opted out.

If Social Security is so great then why did Rail Road workers want out.


14 posted on 02/06/2005 10:47:53 AM PST by TASMANIANRED (Certified cause of Post Traumatic Redhead Syndrome)
[ Post Reply | Private Reply | To 5 | View Replies]

To: qam1
I figured out many years ago that I would never see a dime of my SS taxes.

I have a small IRA. It's what I can afford. I have much more faith in that than SS.

15 posted on 02/06/2005 10:50:35 AM PST by LibKill (Beer is proof that God loves us and wants us to be happy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

Listen up folks, cause here's the deal.
Social Security can never go "bankrupt". Because the government can never go "bankrupt".

They have the printing presses and a monopoly on the creation of money.

So what WILL happen is this: They will print all the dollars they need to keep the system going. As many as it takes, and probably a few more.

And all those dollars (we're talking TRILLIONS here, people) will have results: inflation for commodity pricing, declining dollar strength against foreign currencies, further erosion of American sovereignty to international cartels, to name a couple.

So now you know all you need to have a happy retirement.


16 posted on 02/06/2005 10:57:28 AM PST by djf
[ Post Reply | Private Reply | To 14 | View Replies]

To: sneakers; jocon307; freedumb2003
We are now "GenJonesers" (I forgot why we're called that.)

Why the name Generation Jones

Though if you opt out of the baby Boomers, That would mean the Baby Boomer Generation (1946-1953)is only seven years long. That doesn't make sense.

17 posted on 02/06/2005 11:01:55 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
[ Post Reply | Private Reply | To 4 | View Replies]

To: phoenix0468
Ummmm Okay I bite, give me my Gubmint cheese then..../sarcasm
18 posted on 02/06/2005 11:07:04 AM PST by Recon by Fire
[ Post Reply | Private Reply | To 9 | View Replies]

To: sneakers

Being born in 1961 I have nothing in common with baby boomers. I have nothing in common with Xers. I have worked my arse off since I was 17. I have a bachelor's and a master's degree. I will get SS when I'm 67 (yeah right!) I'll be working til the day I die...I assume. Nothing ever comes easy to a Joneser! OTOH, my parents have been retired,living compfortably since they were 55. I don't have any children, so I plan on living so far in debt that the govt can kiss my hard working arse when I die!


19 posted on 02/06/2005 11:14:58 AM PST by chalkfarmer
[ Post Reply | Private Reply | To 4 | View Replies]

To: djf

Yeah and if we never had SS we wouldn't be in that kind of pickle would we? So, I say to you, we must sacrifice for the good of future generations that should not be shackled by the socialist lie called Social Security. Our retirements, as well as most of the rest of our lives, should be our responsiblity and not the governments. That is the impetous for the President's SS reform.

I for one am willing to sacrifice SS at this time even if it may have some negative economic effets. Because, right now the economy is steam rolling and I don't think the momentume would be affected overtly by creating an anemic and impotent SS program that in a couple of decades could be scrapped.

This war on socialism that the president is obviously wagging must direct it's attacks on every socialist policy and establishment currently in place. And yes, there will be much resistance and much sacrifice to do this. I for one am willing to support these efforts.


20 posted on 02/06/2005 11:18:54 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 16 | View Replies]

To: djf
Social Security can never go "bankrupt". Because the government can never go "bankrupt".

Dude, time to clean your bong! When you have a debt of $9 trillion dollars, you aint exactly solvent

21 posted on 02/06/2005 11:21:18 AM PST by Bommer (JFK - "Pay any Cost! Bear any Burden" TFK "I'll pay what you want and bare my @ss!")
[ Post Reply | Private Reply | To 16 | View Replies]

To: GVgirl
15% of your payroll goes to Social Security. 15% PERCENT!!! If you want a retirement you pay for it AFTER. It's the Democrats in congress that perpetuate this Ponzi scheme and call it a "safety net."

And it's Bush who wants to keep this fraud around and "fix" it. It needs to be shut down, and we need to prosecute and imprison anybody perpetuating the conspiracy to continue this scam.

22 posted on 02/06/2005 11:21:46 AM PST by Hank Rearden (Never allow anyone who could only get a government job attempt to tell you how to run your life.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Recon by Fire

Oh, that would be just the boat the gubment wants you to jump into. I realize your sarcasm, but it also expresses the feelings of many of every generation since the BB. GenXers, GenYers, the TechnoGen, all of those since the "Greatest Generation" are full of people with their collective hands out instead of offering their hands to build our nation as our Grandfathers and Grandmothers did.

Our world was salvaged by the GG and we are forever in their debt. To show our gratitude by putting our hands out in hopes of the "gubment cheese" is a slap in their faces.


23 posted on 02/06/2005 11:23:08 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 18 | View Replies]

To: phoenix0468

It will never be scrapped.

The surest way for a politician to get beat out of office is to have even the slightest negative comment about SS.

You might very well see some young kids taking potshots at old geezers, or vice versa, but the poli's won't risk any meaningful reform.

And being 50 myself, I'm not sure which side I should be on.


24 posted on 02/06/2005 11:23:50 AM PST by djf
[ Post Reply | Private Reply | To 20 | View Replies]

To: qam1

It would be nice to see things change more than the plan, but unfortunately, you can only make a program such as social security voluntary with numerous small steps. The only way to make it completely voluntary would be to:

1) Get several presidents in a row after Dubya committed to doing so.
2) Keep the Senate and Congress in GOP hands all that time, a very difficult task.
3) Push, push, push.

In other words, there is a greater chance of an asteroid hitting tomorrow.


25 posted on 02/06/2005 11:26:02 AM PST by rwfromkansas ("War is an ugly thing, but...the decayed feeling...which thinks nothing worth war, is worse." -Mill)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TASMANIANRED

I think that would be precident enough for any citizen to sue for exemption. Hey, I got an idea, and this is serious, how about a class action against the SS Administration. Shake it to it's core. Take the money currently in it and give it back now!! Yes, some may not get all that they put in, but then again, a 100,000 now could grow to a couple of million in a few years if invested correctly. And right now those types of investments are too numerous to count.

What would it take to initiate a class action against an establishment such as SS? I am not an attorney, so I don't really know.


26 posted on 02/06/2005 11:26:20 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 14 | View Replies]

To: Bommer

Better re-check your numbers.

The ones I hear are usually in the range of 25-40 trillion.

PS: I gave up weed years ago.


27 posted on 02/06/2005 11:26:22 AM PST by djf
[ Post Reply | Private Reply | To 21 | View Replies]

Comment #28 Removed by Moderator

To: phoenix0468
You are added, Welcome the Ping List

*****

And while I'm here.... In the past month or 2 a lot of new people signed on to the Gen-X ping list. I'm sorry I didn't get a change to get to everyone and personally welcome each one of you. So to all the new people who signed up recently, Welcome to the ping list.

29 posted on 02/06/2005 11:28:52 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Bommer

Unfortunately Bommer, the debt is not really the Feds but yours and mine. The Feds owe US that money, and we are basically exempt from ever trying to sue to recover that debt. The only way to recover it is to prune those establishments that are bleeding our country dry. SS, Welfare, Corperate Subsidies, and ohter hand outs that waste billions every year.

There are many other Fed Agencies I could put on the list, but I'll leave those for others to identify; just to see others opinions.


30 posted on 02/06/2005 11:29:49 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 21 | View Replies]

To: jocon307
"But I have embraced it. Please do not call me a baby boomer."
LOL, I embraced it too, but thanks to your post I now remember what the name is.


I alway knew i really wasn't a "Boomer"(my mother is)..Now I know what I am...
31 posted on 02/06/2005 11:30:26 AM PST by ReeWalker (At the core of modern liberalism is the spoiled child - miserable, as all spoiled children are,)
[ Post Reply | Private Reply | To 12 | View Replies]

To: qam1

Isn't Self-employment tax only ss and medicare taxes? After deductions, if not for this we would not have to pay high taxes.


32 posted on 02/06/2005 11:32:26 AM PST by HungarianGypsy
[ Post Reply | Private Reply | To 2 | View Replies]

To: TASMANIANRED

"...why have certain Federal Workers like the Post Office opted out."

I tell you, that's got a down side. A friend of mine's husband got leukemia (he recovered eventually) but because he worked at the Post Office he had NO disability coverage. He was too sick to work, but not sick enough to retire, so he was stuck for about a year with no income. I suppose what he SHOULD have done long before was purchase an individual disability policy, but I think they are pretty expensive.


33 posted on 02/06/2005 11:33:57 AM PST by jocon307 (Vote George Washington for the #1 spot)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Baynative

Someone once said republicans were just democrats who could afford better suits...


34 posted on 02/06/2005 11:36:38 AM PST by djf
[ Post Reply | Private Reply | To 28 | View Replies]

To: ReeWalker

"I alway knew i really wasn't a "Boomer"(my mother is)..Now I know what I am..."

You're a genxer if your mom's a boomer. The Jonesers are more like the second 1/2 of the boomers. I remember Kennedy being shot, but I don't remember Howdy Doodey.

I THINK my daughter is an xer, she's born in 1986.


35 posted on 02/06/2005 11:36:45 AM PST by jocon307 (Vote George Washington for the #1 spot)
[ Post Reply | Private Reply | To 31 | View Replies]

To: HungarianGypsy
...After deductions, if not for this we would not have to pay high taxes.

You might want to check those numbers again. After removing SS, Medicare, unemployment, etc. your still left with your bracket taxing based on your withholdings. Depending on your income that could be 15-35% plus minus some dollars based on your withholdings. Withhold too much, and you will end up paying taxes to the Feds, withhold too little and you will end up getting your overpayment back sans interest. But of course if you don't pay your taxes the Feds will stick you with penalties and interest. Not a very fair system IMHO.
36 posted on 02/06/2005 11:37:09 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 32 | View Replies]

Comment #37 Removed by Moderator

To: qam1
It kills me th hear the politicians say that the SS money is still there, that they "borrowed" it and replaced it with "gauranteed" goverment bonds.

Okay, so if I go rob a bank and leave an IOU, won't I go to jail?

Damned lying politicians!

And I LOVE the phrase "Full faith and credit of the American Goverment"

Bull! It can go belly up too.

38 posted on 02/06/2005 11:41:19 AM PST by FixitGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: jocon307

A Joneser's parents were members of the "silent generation"...not boomers


39 posted on 02/06/2005 11:41:54 AM PST by chalkfarmer
[ Post Reply | Private Reply | To 35 | View Replies]

To: djf

I can understand your uncertainty. You have probably spent 30 years being FORCED to pay into a system that should have been voluntary in the first place. If you were force fed fried food for 30 years, and then someone said, no more fried food because it will kill you, you might fight that as well. Or, say tobacco. An industry that at one time was basically endorsed by our government through subsidies, and probably still is, and other incentives, now is being penalized by the Feds. The things we think are good today, may turn out bad in the long run. Much policy and legislation is written and passed with little foresight, or even hindsight. This is something that has always bothered me.


40 posted on 02/06/2005 11:41:59 AM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 24 | View Replies]

To: Hank Rearden
It's not going to happen. There's a certain percentage of the public who will never, voluntarily, save a dime. They create a huge financial burden on the rest of us when they age. We're not going to let them rot.

To prevent this eventuality, in my mind it would be most fair to simply require a minimum annual pension savings. You can invest on your own, or stick with the SS-style program.

At least the rest of us who plan for our futures won't be penalized by those who don't. Right now, it's the other way around.

41 posted on 02/06/2005 11:52:30 AM PST by GVnana (If I had a Buckhead moment would I know it?)
[ Post Reply | Private Reply | To 22 | View Replies]

To: jocon307

Do you think it would have been any easier to get Social Security?

I have a close friend that had a severe head injury. She was so screwed up that after 3 months in a hospital and rehab that she had to wear a football helmet in her own home to protect her from further injury due to seizures.

She lost all driving privlidges, she wasn't allowed to cook.

Getting classified as disabled so she could get her Social Security benefits at 54 was not easy.


42 posted on 02/06/2005 12:04:59 PM PST by TASMANIANRED (Certified cause of Post Traumatic Redhead Syndrome)
[ Post Reply | Private Reply | To 33 | View Replies]

To: TASMANIANRED

your talking about the old civil service. that is gone now.


43 posted on 02/06/2005 12:18:16 PM PST by postaldave (ACLU = Anti-Christian, Liberal, and Un-American.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: TASMANIANRED

"Do you think it would have been any easier to get Social Security?"

Well, it wasn't that they wouldn't approve him, it's that there is no disability fund for those folks.

I know you are right about getting approved for Soc. Sec. disability. One of my bosses just went out on Disability, under our group policy. In the form letter he got when his payments started they recommend you apply for Soc. Sec. also, and they say: please be aware that almost all claims for this are turned down on the initial application. Then they say they've got folks who can help you with getting the benefit. It doesn't apply to him, he is too old and already getting regular soc. sec., but it did make me wonder how bad off you'd have to be to have your claim accepted. Just more friendly and cooperative service from our gov't!



44 posted on 02/06/2005 12:20:05 PM PST by jocon307 (Vote George Washington for the #1 spot)
[ Post Reply | Private Reply | To 42 | View Replies]

To: jocon307
I was born in 1960...I do remember Kennedy being shot...But never seen Howdy Doody...I'm more the Capt. Kangaroo generation
45 posted on 02/06/2005 12:51:13 PM PST by ReeWalker (At the core of modern liberalism is the spoiled child - miserable, as all spoiled children are,)
[ Post Reply | Private Reply | To 35 | View Replies]

To: phoenix0468

LOL!! I HOPE it doesn't mean I'm asking for a handout! I've made it this far without it!


46 posted on 02/06/2005 1:09:32 PM PST by sneakers
[ Post Reply | Private Reply | To 9 | View Replies]

To: qam1

I think the idea is the difference in mindset and outlook rather than time. I was in high school in the early 70's. I never considered myself to be like the 60's gang at all.


47 posted on 02/06/2005 1:14:34 PM PST by sneakers
[ Post Reply | Private Reply | To 17 | View Replies]

To: ReeWalker

"I do remember Kennedy being shot"

Wow, you've got a great memory. My brothers born in late 1958 and very late 1960 (12/16) never remembered it.

I remember it, I saw Ruby shoot Oswald on live TV, I remember seeing LBJ getting on the plane where he took the oath; I don't remember the funeral so well. I was so ashamed that I was still jealous of Caroline for being a year older than me, I was still jealous even though her father had been killed. I knew it was very wrong to feel that way. The inner life of a 5 year old.

And Captain Kangaroo rules!

I loved him, years later he was still on and I watched a few shows. I think the really great thing about him was that he never talked down to his audience.


48 posted on 02/06/2005 1:25:00 PM PST by jocon307 (Vote George Washington for the #1 spot)
[ Post Reply | Private Reply | To 45 | View Replies]

To: HungarianGypsy
Isn't Self-employment tax only ss and medicare taxes?

Yes. But if you're self-employed you must pay the second half of the contribution that is usually paid by a person's employer.

49 posted on 02/06/2005 1:29:52 PM PST by GVnana (If I had a Buckhead moment would I know it?)
[ Post Reply | Private Reply | To 32 | View Replies]

To: jocon307

I do remember the funeral...At the time I thought it was a parade..and couldn't really understand why all the adults we're crying..Yes LOVED the Capt...and Mr GreenJeans...Mr. Moose and Bunny Rabit...


50 posted on 02/06/2005 1:39:26 PM PST by ReeWalker (At the core of modern liberalism is the spoiled child - miserable, as all spoiled children are,)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-64 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson