Skip to comments.Fixing Social Security
Posted on 11/08/2010 1:29:49 AM PST by Scanian
Being desirous of pleasing Barack Obama and John Kerry, I will endeavor to stick to facts, science, truth, and argument. The challenge I present in this article could kill three birds with one stone. I propose a single experiment to test two political hypotheses and to solve the Social Security insolvency problem -- all in one fell swoop. (I try to be productive even on my days off.)
Hypothesis 1: Democrats do not expand government in order to solve problems; they use problems as an excuse to expand government.
Hypothesis 2: Republicans only talk about reducing government; when in office, they expand it.
Now, some of you might think both hypotheses have already been proven true multiple times over. But according to the scientific method, you cannot prove a theory true; you can only falsify it. The more tests a hypothesis passes, the more it becomes a "theory." And if a theory keeps passing tests, it gets promoted to a "law." So we should keep testing.
Here, then, is an experiment to test both of these hypotheses at once:
Propose a bill to adjust initial Social Security benefits by consumer prices.
(You might think that's already the way it works. But bear with me.)
According to my hypotheses, if such a bill were introduced, the Democrats would fight it, and the Republicans would fail to support it. But if my hypotheses are wrong and the bill passes, it would have the side benefit of fixing the entire Social Security insolvency problem.
Regarding my proposed bill, we all hear that Social Security is in trouble. That is true, and the Congressional Budget Office confirms it:
(Excerpt) Read more at americanthinker.com ...
FDR signs Social Security Act
This is a fix that I’ve known about for years.
It works, you can prove it works, it should be high on the list. As soon as Obamacare, taxes, the end of the educational dictatorship run from DC, and an end to all funding of the arts, this should bubble to the top. Until we have education fixed and working properly for a good while, though, I don't think a majority will even understand this.
Indexed to “Earnings?”
The individual’s “Earnings?”
Are “Earnings” the same thing as an individual’s “Contributions?”
Another glaring unresolved question...
Does anyone believe that millions of immigrant Hispanics and Africans are going to remit 100% of their yearly Social Security contributions directly to aged white Americans?
And what future immigrant groups are going to remit 100% of their contributions to aged Hispanics and Africans?
And how long before America's population hits 1 billion people in this immigration Ponzi scheme?
Common sense would fix most of America’s problems so the odds of getting anything “fixed” is not going to happen.
With some conservatives and the rest of the republicans in power in the House, my hope is they won’t let things get worse.
And there you have it.
That is the most we can expect given fanatical Democratic opposition to even cleaning up the mess they made on their own watch.
Their is an idea out their to take your side of the contributions and esentially lend it to Credit Unions for Mortgages. Credit Unions were not under the CRA and many still hold their own “paper”. This would increase the yield and take 1/2 the money out of an inter-generational Ponzi scheme and provided capital for for home ownership at the local level. Works for me...
Maybe a little known fact. Congress has the authority, under the Social Security Act, to stop paying ANY benefits. Of course, this is political suicide. Of course, no Congress will ever stop payouts. Of course, we can trust the federal government.
Right! As soon as DeathCare, starts killing off the elderly, Social Security will be phased OUT, as will MediCare and MedicAid. Then, Soylent Green.
My guess by Executive Order and a memo from the Heath Care Czar The Soylent Crackers will be Arugula flavored...
Of course... the Democrats want to solve entitlement costs through the back door.
Seniors know all too well what it means.
I'm not saying that there are no cases where the payments are deserved. I'm not totally heartless. But, there is way too much opportunity for abuse in this segment of Social Security.
Social Security Supplemental is a different program. Its paid out of general taxes.
Social Security is paid out of work contributions = FICA. Its a compulsory retirement savings program.
They are two very different elements of Social Security.
We need a fund like Alaska has, not taxable, all with a valid S.S. number would get it. Chks. expire in 90 days. If you don’t think you need it, don’t cash the chk. Buffet, Gates, and other libs would be invited to put their money where their pie hole is and chip into the fund.
There are plenty of people who didn't serve in the military that still want to give something to their country, and a MEDAL is a good sign of that.
Once a person has gotten back what they put in, with interest, they could have their payments stopped and also get a MEDAL, a different one....just like there are different medals given for service in the military.
SS is a pay as you go system. It will go permanently in the red in 2016. It is in the red now, which means that some of its IOUs are being cashed in thru the general fund to pay for benefits.
Reagan made a Faustian bargain with Tip O’Neill in 1983 to get SS back into the black. They increased the taxes and reduced benefits, including raising the retirement age for full benefits from 65 to 67.
No, it is not a retirement savings program. Your contributions do not belong to you. A person could pay into the system for 50 years and not receive a dime except for a small burial allowance. It is a Ponzi scheme.
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