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Opinion: President Obama Plans to Cut Social Security Next
CNBC ^ | 8/2/2010 | Lawrence A. Hunter

Posted on 09/02/2010 9:49:56 AM PDT by Qbert

President Obama is playing “Watch the Birdie” with Americans over the age of 50, diverting their attention with handouts and scare tactics to hide in plain sight the enormous damage his policies are doing to the retirement safety net.

First it was Medicare. The ObamaCare legislation drops a few free goodies like breadcrumbs in front of Medicare recipients (such as free diagnostics and annual checkups) to draw their attention away from the enormous cuts in Medicare being used to help pay the freight for the new national healthcare system...

[Snip]

Now the president is coming after Social Security.

In his Saturday radio address on August 14, President Obama revealed he is already moving on to cut Social Security.

But again, he is playing "Watch the Birdie," this time using scare tactics rather than sweeteners.

In that address, he denounced the idea of solving Social Security’s problems by allowing young workers the freedom to voluntarily choose to save and invest some of their taxes in their own personal retirement accounts, an option federal employees already enjoy. The president rejects fixing the Bernie-Madoff Ponzi scheme currently used to finance Social Security with some form of personal accounts to begin pre-funding Social Security with real saving and investment. Instead, he rails about “privatization,” an incendiary (and false) characterization of voluntary personal retirement accounts intended to scare the bejeebers out of the American people.

[Snip]

So the question remains: What is the president up to?

[Snip]

Leaks indicate that among the options being considered are delaying the retirement age (sounds like a panacea to bureaucratic pencil pushers who never did a day of hard labor in their lives), changing the basic benefit formula to reduce future benefits, and delaying or slashing COLAs...

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


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: obama; obamacare; retirement; socialsecurity
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1 posted on 09/02/2010 9:49:59 AM PDT by Qbert
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To: Qbert

Someone is going to have to. Anyone who claims that they can balance the budget without tackling entitlements like Social Security or Medicare is delusional.


2 posted on 09/02/2010 9:52:30 AM PDT by Non-Sequitur
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To: Non-Sequitur

I agree, do something now so that when I retire in 5 years at least there will be something there for me. If I have to take a cut, That is fine by me.


3 posted on 09/02/2010 9:55:12 AM PDT by refermech
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To: Non-Sequitur

social security and welfare is unconstitutional. it is not the roll of the federal government to provide charity and welfare.


4 posted on 09/02/2010 9:55:33 AM PDT by And2TheRepublic
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To: Qbert

I’ve told my liberal friends for years they were going to pull this shell game.

Oh, no said they. Only the evil Republicans want to “steal” my social security (by actually trying to fix it).

They adamantly refuse to see the HC takeover as anything but more “free” stuff for everyone except the evil rich, who are now going to get their due.


5 posted on 09/02/2010 9:56:21 AM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there.)
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To: Qbert

Oh, goody! More hope and change!


6 posted on 09/02/2010 9:56:26 AM PDT by RexBeach
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To: Qbert

He’s managed to piss everybody else off...why not the boomers also?......He is toast!


7 posted on 09/02/2010 9:57:11 AM PDT by AngelesCrestHighway
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To: Qbert
They need to do something.
They need to honor the commitment made to people who have paid in for many years and no longer have enough working years left to seek an alternative retirement path.
They need to allow younger people to opt out of the system.

Social Security is a ponzi scheme. It was a mistake. I'd like to see a solution that doesn't screw over the older workers -- but we need to recognize that Social Security cannot be "fixed" in any meaningful way. It was always a fraud.

8 posted on 09/02/2010 9:59:36 AM PDT by ClearCase_guy
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To: And2TheRepublic

Preach it!


9 posted on 09/02/2010 10:00:35 AM PDT by ClearCase_guy
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To: And2TheRepublic

That’s fine. Give me back the money that has been taken from me for the past 45 years. Just return the stolen amount and I’ll take it from there.

Since I’m going to need it to buy health insurance SOMEWHERE since I am now UNEMPLOYED and not quite old enough for medicare. Where the heck is that free health coverage Zero promised me?


10 posted on 09/02/2010 10:00:44 AM PDT by SusaninOhio
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To: Qbert
We need to phase out Socialist Security and the sooner the better. It has no place in a nation of free people.

Imagine a free America 3-5 years down the road without socialist schemes like Socialist Security, Medicare and Medicaid.

11 posted on 09/02/2010 10:01:13 AM PDT by Walts Ice Pick
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To: And2TheRepublic
social security and welfare is unconstitutional. it is not the roll of the federal government to provide charity and welfare.

The Supreme Court disagreed with you and Joe Miller back in 1937 in the Helvering v Davis decision.

12 posted on 09/02/2010 10:03:23 AM PDT by Non-Sequitur
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To: ClearCase_guy

i agree, they need to get rid of SS. maybe allow people are are over a certain age to still receive it, but something needs to be done. id rather put money away int omy savings that i control.

“the role of government is to provide equal rights, not provide equal things..there is no constitutional authority for the government to provide charity or welfare” - Benjamin Franklin


13 posted on 09/02/2010 10:03:38 AM PDT by And2TheRepublic
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To: Non-Sequitur

The Supreme Court got Dredd Scott wrong too.


14 posted on 09/02/2010 10:04:37 AM PDT by ClearCase_guy
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To: Qbert
He's ALREADY cut Social Security - NO COLA for 3 yrs - altho the senate/congress gets theirs - and I'll bet gov’t employees got a nice raise.

If they want to reign in SS costs - how about booting the 100’s thousands of druggies, alcoholics and BiPolars off - the ones, especially, that are ‘clean’ - but just lay back and continue to not only get the $$$ but FAR better coverage than seniors, who worked all their lives...

Seniors still get a chunk taken out each month for Medicare - rises every year - now about $100...plus a deductible, plus 20% co-pay, plus drugs not covered, plus office visits not covered, plus no ‘counseling’ covered.

ALL of the above is covered, 100%, for the druggies, etc.

I know far too many 20-30-40 year olds, in perfect health, who just lay back on the dole - have far more ‘discretionary funds’ than most of us...can just self-fill a questionnaire every 7 years - SEVEN - and get a pass for another 7.

How sweet it is. Of course, these are the dependent=voters for the Rats.
We need to start listing them as a voting block:

Democrats
Republicans
Independents
Dependents aka “Dole Dependents”

15 posted on 09/02/2010 10:05:27 AM PDT by maine-iac7 (g)
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To: SusaninOhio

They should just cut everyone a check for the amount that they have paid in to SSI and close the stupid program, lock box and all.


16 posted on 09/02/2010 10:05:59 AM PDT by Retired Greyhound
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To: ClearCase_guy
I'd like to see a solution that doesn't screw over the older workers

I would too.....but I don't think it can happen.

The underfunding is massive - any true fix will be painful to many.

Politically the important point is to hang this turd around the neck of the Democrats who thought it up and perpetuated the fraud.

17 posted on 09/02/2010 10:06:13 AM PDT by nascarnation
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To: Non-Sequitur

These programs need to be addressed, that’s for sure. The only problem I have with the government doing this now is that they want to take more and more money away from the general public to finance their other programs.

The first thing they need to do is payback Social Security the $2.5 Trillion they borrowed and stop spending it on everything else. Same goes for Medicare, then address how it can be changed. If it can’t be changed, start cutting back. Stop spending Social Security on things it was not intended to fund. Like illegals.


18 posted on 09/02/2010 10:06:41 AM PDT by RC2 (Remember who we are. "I am America")
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To: And2TheRepublic
social security and welfare is unconstitutional. it is not the roll of the federal government to provide charity and welfare.

I agree with you. But what is going on? Obama seems to view the federal government as a charity and welfare machine. So I ask again, what is going on here?

ML/NJ

19 posted on 09/02/2010 10:08:41 AM PDT by ml/nj
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To: RC2

Exactly


20 posted on 09/02/2010 10:13:47 AM PDT by maine-iac7 (g)
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To: Qbert

This doesn’t surprise me in the slightest. For years, I’ve known that SS was unsustainable and that the Gen X and Yers were going to get a huge screw job if the government tried to maintain SS benefits at current levels.

I wouldn’t lose ANY sleep if SS were terminated now, even though I am broke and quickly closing in on retirement age. The culprits in this theft of astronomical proportions is every Congress since the 60s who spent SS into insolvency.

I’ve said this before and I’ll say it to my dying day - the largest collection of white collar criminals is in the US Congress. If we put bars on the Capitol Bilding, we would have approximately 90% of the criminal element in America locked up!!


21 posted on 09/02/2010 10:15:34 AM PDT by DustyMoment
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To: Qbert

Of course. Kill the old folks and there’s more money to give to obama’s friends, the people who vote democrat.


22 posted on 09/02/2010 10:19:49 AM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: And2TheRepublic

” maybe allow people are are over a certain age to still receive it, but something needs to be done. id rather put money away int omy savings that i control.”

I agree. If memory serves correctly, President GW Bush suggested to do that/tried doing that a few years ago and the Dims came unglued.


23 posted on 09/02/2010 10:20:01 AM PDT by Seattle Conservative (God Bless and protect our troops)
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To: RC2

“These programs need to be addressed, that’s for sure. The only problem I have with the government doing this now is that they want to take more and more money away from the general public to finance their other programs...”

Good points. And anybody who believes that the Libs are somehow going to get serious about cutting the other programs is delusional.


24 posted on 09/02/2010 10:21:13 AM PDT by Qbert
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To: Non-Sequitur
" Someone is going to have to. Anyone who claims that they can balance the budget without tackling entitlements like Social Security or Medicare is delusional. "

Yes and No....
Yes, it needs to be dealt with, and no ( there are other programs and or departments that are a total waste and needs to be cut now ).
Cut the E.P.A. , I.R.S., the Department of Education ( the states should only have the authority for this ), HUD, so on and so on.
25 posted on 09/02/2010 10:23:13 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Qbert
Receiving an annuity like payment for money we were FORCED to payout is not socialism. A stupid plan yes. An unconstitutional plan, more than likely.

Giving money to people who did not contribute is socialism.

Before any SS dollars are touched we have to force our government to stop every penny being given to those in this country illegally.

Before any SS dollars are touched we have to force our government to stop every penny being given to foreign countries.

Get our troops out of Germany, Japan, S. Korea and save some more money.

If SS needs to be modified/eliminated, and I think it sure does, it must be done for those entering the labor force not for those who have had money forcibly taken for SS for over 45 years.

If they touch my money, which was to be in a trust fund and is not, they will realize why we have a 2nd Amendment.

26 posted on 09/02/2010 10:23:36 AM PDT by Wurlitzer (Welcome to the new USSA (United Socialist States of Amerika))
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To: Qbert

this is creating a really entertaining meltdown over on the Libtard side of the blogs


27 posted on 09/02/2010 10:24:14 AM PDT by Buckeye McFrog
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To: And2TheRepublic

>social security and welfare is unconstitutional. it is not the roll of the federal government to provide charity and welfare,<

Sounds like the product of the public schools, but your point does not take into consideration that people are forced to pay into Social Security all their lives, so it is not charity. I agree, the Fedeal Government under FDR had no business putting SS into law, forcing the private sector to put money into an account that the Federal Government (need I say under a Socialist parading as a Democrat?) installed with no lock box. In other words, the Feds have been using those moneys for whatever they wanted. If there had been a lockbox, our money would have grown in that saccount, and SS would not be in trouble today.


28 posted on 09/02/2010 10:26:26 AM PDT by Paperdoll (On the cutting edge)
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To: ClearCase_guy
" The Supreme Court got Dredd Scott wrong too. "
And Roe vs Wade.
29 posted on 09/02/2010 10:27:23 AM PDT by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: Paperdoll
In other words, the Feds have been using those moneys for whatever they wanted

Careful, don't tell those wonderful folks over at AARP that, they spend a lot of their members dues money telling everyone how solid the "trust fund" is.

30 posted on 09/02/2010 10:29:14 AM PDT by nascarnation
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To: Qbert; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; FromLori; Gilbo_3; NFHale; ...
RE :”President Obama is playing “Watch the Birdie” with Americans over the age of 50, diverting their attention with handouts and scare tactics to hide in plain sight the enormous damage his policies are doing to the retirement safety net. Leaks indicate that among the options being considered are delaying the retirement age (sounds like a panacea to bureaucratic pencil pushers who never did a day of hard labor in their lives), changing the basic benefit formula to reduce future benefits, and delaying or slashing COLAs. Apparently, President Obama’s concept of spreading the wealth includes sacking both the Medicare and Social Security systems on which America’s retirees have come to rely. That’s some progressive vision of “fiscal responsibility:” Put seniors out in the cold and into an early grave.

Democrats are attacking Republicans like Sharon Angle and Boehner (R - OH) for proposing cutting/privatizing SS when this is EXACTLY what Obama plans on doing (cutting it anyway) after the election. I never can figure out why Republicans let the democrats get away with this. Why would you cut SS (or raise taxes as democrats will propose) while leaving retired federal employees living like kings at our expense? Their retirement is a huge unfunded deficit that buys us nothing.

31 posted on 09/02/2010 10:29:34 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: AngelesCrestHighway
Too late. I'm a boomer and I've been pissed off for a long time.
32 posted on 09/02/2010 10:29:56 AM PDT by skimbell
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To: ml/nj

Social security TOOK my money for 50 years!
The politicians STOLE my money out of social security!
Now it is said that social security is BROKE and it is MY FAULT????


33 posted on 09/02/2010 10:30:14 AM PDT by Not a 60s Hippy (They are SOCIALISTS, not Progressive, Liberal, Left Wing, Democrats, Special interest groups.)
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To: Qbert

The sad thing is that over the course of my working life, I paid in far more on social security than I’ll ever get out of it. If I had been permitted to put it into a private investment account, the return would have been much larger.

Only problem was that there is actually no social security trust fund. Instead, Congress spends it all on greasing their supporters’ palms and other current expenses.

Now the bill is coming due. So, we have paid in all our lives, and now they will proceed to screw us.


34 posted on 09/02/2010 10:32:42 AM PDT by Cicero (Marcus Tullius.)
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To: Cicero

In fact, Obama is already screwing us, since there was no COLA increase this year since Obama swore there was no inflation this year.

Yeah, sure. Just check out the prices at the local supermarket.


35 posted on 09/02/2010 10:33:56 AM PDT by Cicero (Marcus Tullius.)
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To: Retired Greyhound
They should just cut everyone a check for the amount that they have paid in to SSI and close the stupid program, lock box and all.

There's NO WAY China would lend us that much money.

36 posted on 09/02/2010 10:34:46 AM PDT by nascarnation
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To: Qbert

Social Security (and I’m eligible, altho perhaps foolishly waiting ‘til my benefits are larger) is too big a part of the total budget. Medicare is even worse from an actuarial point of view.

That said, I don’t want Obama deciding how to fix it. There is some relationship between the SS benefits and the work contributions made. Obama wants to redistribute it to people who haven’t contributed, but whose votes he thinks can be permanently bought (illegals, chronically unemployed, etc).


37 posted on 09/02/2010 10:35:06 AM PDT by Pearls Before Swine
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To: Qbert

I suppose the AARP will jump on board with this too, since they were in favor of the healthcare takeover.


38 posted on 09/02/2010 10:36:20 AM PDT by SWEETSUNNYSOUTH (Liberalism is a mental disease.)
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To: nascarnation

Anyone who listens to AARP is someone who has not outgrown his need for a daddy. Exactly who the Socialists love and the public schools have Bren promoting for decades now.


39 posted on 09/02/2010 10:37:08 AM PDT by Paperdoll (On the cutting edge)
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To: American Constitutionalist

“...Cut the E.P.A. , I.R.S., the Department of Education ( the states should only have the authority for this ), HUD, so on and so on.”

Yep. Start with cuts to those agencies (although, cutting the IRS would be a hard sell at this point given declining tax revenues, etc.) and go from there.


40 posted on 09/02/2010 10:37:40 AM PDT by Qbert
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To: Qbert

So what does this do to the culture?

Let’s consider that for a moment....

all of a sudden Grandma or Grandpa can’t afford their elderly single lifestyle, can’t afford that retirement community etc.

So where will they turn...to the current modern family. What happens if they move in with the kids? Some cases will be difficult to endure, but if things are going badly all around, it could be a good thing to restore the idea of family.

What happens if the left loses their free wheeling social culture?

This could really be a very good thing for putting family and God back into the American family.


41 posted on 09/02/2010 10:39:24 AM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: Paperdoll

been, nor Bren. Excuse me.


42 posted on 09/02/2010 10:39:43 AM PDT by Paperdoll (On the cutting edge)
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To: Buckeye McFrog

“this is creating a really entertaining meltdown over on the Libtard side of the blogs.”

Nice!


43 posted on 09/02/2010 10:39:49 AM PDT by Qbert
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To: Leftism is Mentally Deranged

“Of course. Kill the old folks and there’s more money to give to obama’s friends, the people who vote democrat.”

They don’t call ‘em death panels for nothin’.


44 posted on 09/02/2010 10:41:08 AM PDT by Qbert
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To: Qbert

Yep.....our government today just keeps looking for more money to spend. They don’t really care about the programs or how they spend the money.

If people are in trouble financially, they take a step back, cut their spending, get back to the basics and then figure out where they have to make changes. This is one aspect of spending money that our government doesn’t care about. Their view today is to take as much money away from the public as they can. Thereby, taking the power of the people away from them. The more money you take away from the people, the more they have to rely on the government. The more they rely on the government, the more power the government has over them.

Support the Fair Tax and cut the government off. Put all government employees on the same tax system, the same health care system, the same Social Security system and you will see changes in these programs. This includes all politicians.


45 posted on 09/02/2010 10:46:15 AM PDT by RC2 (Remember who we are. "I am America")
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To: EBH

“So what does this do to the culture?

Let’s consider that for a moment....

...So where will they turn...to the current modern family. What happens if they move in with the kids? Some cases will be difficult to endure, but if things are going badly all around, it could be a good thing to restore the idea of family.”

You raise some valid points. But, OTOH, we have near 20% real unemployment (when all factors are considered), and boomers and even younger Americans living off hardship withdrawals to retirement accounts, etc. It’s difficult enough for a lot of people to care of their immediate families, let alone take in more family members (who may require a lot of assistance).

It sure would be nice for the left to lose that “free wheeling social culture”, though...


46 posted on 09/02/2010 10:48:25 AM PDT by Qbert
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To: Wurlitzer

RE: “Receiving an annuity like payment for money we were FORCED to payout is not socialism. A stupid plan yes. An unconstitutional plan, more than likely.
Giving money to people who did not contribute is socialism.

Before any SS dollars are touched we have to force our government to stop every penny being given to those in this country illegally.

Before any SS dollars are touched we have to force our government to stop every penny being given to foreign countries.

Get our troops out of Germany, Japan, S. Korea and save some more money.

If SS needs to be modified/eliminated, and I think it sure does, it must be done for those entering the labor force not for those who have had money forcibly taken for SS for over 45 years.

If they touch my money, which was to be in a trust fund and is not, they will realize why we have a 2nd Amendment.”

********************

I agree with your post — and there are at least a few ‘plans’ out there (Republican, can’t remember who I saw on Fox with such a plan) that do make accommodation for continuing Soc. Sec. for those over, say, 55 — but paring it down so that it becomes solvent in the not too distant future. I haven’t heard of any plans to totally eliminate the plan, though.


47 posted on 09/02/2010 10:52:52 AM PDT by CaliforniaCon
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To: SusaninOhio
"That’s fine. Give me back the money that has been taken from me for the past 45 years. Just return the stolen amount and I’ll take it from there."

You are much too kind! What about the compound interest that would have accummulated over forty or fifty years?

48 posted on 09/02/2010 10:57:28 AM PDT by navyblue (<u>)
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To: maine-iac7

RE: “If they want to reign in SS costs - how about booting the 100’s thousands of druggies, alcoholics and BiPolars off - the ones, especially, that are ‘clean’ - but just lay back and continue to not only get the $$$ but FAR better coverage than seniors, who worked all their lives...

and.....

I know far too many 20-30-40 year olds, in perfect health, who just lay back on the dole - have far more ‘discretionary funds’ than most of us...can just self-fill a questionnaire every 7 years - SEVEN - and get a pass for another 7.”

**************************

The excerpts from your post bear repeating because they are so true and so disgusting. All the freeloading recipients need to be culled from the rolls, at the very least. I know a couple of them and they so irritate me I can no longer stand to be in their company.

It seems many of us know a couple of these leeches so imagine what the total number is!!!


49 posted on 09/02/2010 10:58:11 AM PDT by CaliforniaCon
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To: Qbert

RE: “this is creating a really entertaining meltdown over on the Libtard side of the blogs.”

Nice!

***************

I don’t normally look at any of their junk — can you name a couple of the leftist blogs where heads are exploding? I’d like to take a look. Thx.


50 posted on 09/02/2010 11:00:44 AM PDT by CaliforniaCon
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