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

Skip to comments.

Fixing Social Security
The American Thinker ^ | November 08, 2010 | Randall Hoven

Posted on 11/08/2010 1:29:49 AM PST by Scanian

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-33 last
To: Scanian

Democrats do not expand government in order to solve problems; they use problems as an excuse to expand government.
Obamacare,never let a crisis go to waste,Madoff smiles.


21 posted on 11/08/2010 5:41:18 AM PST by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: Scanian; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; dools0007world; Gilbo_3; ...
RE “Starting in 2016, CBO projects, outlays as scheduled under current law will regularly exceed tax revenues. CBO projects that the DI [disability insurance ] trust fund will be exhausted in 2018 and that the OASI [old age and survivors insurance] trust fund will be exhausted in 2042.
Once those trust funds run out, current law says benefits must be cut to the level of revenues from those programs. If DI and OASI are combined in order to “save” the DI portion, the combined fund will run out in 2039.

This is the thing that really upsets be about this issue: No-one can speak the truth. There is no trust fund. There never was (at least not since the 1980s reform created the +20 year surplus.) They started spending that money immediately and it's all gone : it went to roads, bridges, schools, food-stamps, ethanol, the space program, Iraq. Afghanistan, homeland security medicaid , the medicare deficit......(add your favorite wasteful program here) ; in short it went to everything every voter or special interest ever wanted the government to spend money on. Any dollar taken by the federal government is spent immediately because it is setup (democratic) to run debts not surpluses. It is not setup to handle local surpluses in any other way but to spend it. I call this the bi-partision lie. (That there ever was a SS surplus.)

There is NO chance that anything will get fixed as long as it is built on the big 'lie'.

22 posted on 11/08/2010 5:52:17 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies]

To: JoeProBono
There is no "fixing" something the government has no legitimate authority to be doing in the first place.

End it.

23 posted on 11/08/2010 6:29:37 AM PST by Dead Corpse (III, Alarm and Muster)
[ Post Reply | Private Reply | To 2 | View Replies]

To: sickoflibs
as a teenager i easily understood that the theft of a large portion of my paycheck was a david copperfield sleight of hand...

if the general population cant accept that they dont have a dime of money with their name on it, we will continue down the road with the lie...

24 posted on 11/08/2010 6:45:42 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Gilbo_3
RE :”as a teenager i easily understood that the theft of a large portion of my paycheck was a david copperfield sleight of hand...if the general population cant accept that they dont have a dime of money with their name on it, we will continue down the road with the lie...

To keep us in-line we were told FICA was a sort of pension, not welfare. But it's some conservatives now making the argument now that SS is just another government program (prompted by some in the MSM and some Democrats ironically) running up deficits and it's liberal Democrats that are defending it as a sort of pension and fully funded trust fund. But they don't mind it as just another excuse to raise taxes on ‘the rich’.

But no-one in power wants to speak the truth about the non-existent trust fund. Not even the elected ‘conservatives’. It is frustrating.

25 posted on 11/08/2010 7:13:54 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 24 | View Replies]

To: REPANDPROUDOFIT

Ever look at just how few hours you need to work to qualify for SS? It is ridiculous. I think we need to save Social Security for the people who have paid into it their whole lives. This could be the next Tea Party ralling cry: Save Social Security for the lifetime payers. Also Medicare only for people who have paid in.


26 posted on 11/08/2010 7:17:46 AM PST by sportutegrl (Why are they called Musketeers if they fight with swords?)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Scanian

The most vital correction for SS is to limit what you get out is just commensurate with what you put in. Nothing in, nothing out. This goes for SSI. illegal and legal immigrants. young who have not contributed by working. old people who for various purposes have never contributed, etc etc. Devise some other government program for these but keep SS honest.


27 posted on 11/08/2010 7:39:09 AM PST by noinfringers2
[ Post Reply | Private Reply | To 1 | View Replies]

To: sickoflibs
But they don't mind it as just another excuse to raise taxes on ‘the rich’.

they gotta have the cash...Ive said for years that they could keep my 'investment' and we'll just call it even if theyd let me outta the future extortion...but, that aint happenin...

there is a bit of a problem for those who believed the lie, and the 'contract' should be honored...but they need to be honest themselves too, and accept responsiblity [and lowered] payments for being naive to the lie...

they did pay into the system for as mny as 60 yrs in cases, so they should get something for it, but again, i know that my money went down the rabbit hole long ago, so in essence, they are being gifted and Im gettin screwed...its just that i know it and accept it, and ive lessened the amount that they receive from myself...'legally' of course...

28 posted on 11/08/2010 7:49:03 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
[ Post Reply | Private Reply | To 25 | View Replies]

To: sickoflibs

and realistically, if they were serious about honoring the ‘investment’ and taking care of the seniors by the contract, it would only be a matter of cutting some of the pork from fedzilla and actually funding the program with streams other than fica...


29 posted on 11/08/2010 8:12:16 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Gilbo_3
RE :”there is a bit of a problem for those who believed the lie, and the ‘contract’ should be honored...but they need to be honest themselves too, and accept responsiblity [and lowered] payments for being naive to the lie...they did pay into the system for as mny as 60 yrs in cases, so they should get something for it, but again, i know that my money went down the rabbit hole long ago, so in essence, they are being gifted and Im gettin screwed...its just that i know it and accept it, and ive lessened the amount that they receive from myself...’legally’ of course

If politicians wont admit there is no trust fund, then I will not be open to cuts in my benefits, and certainly not to FICA taxes increases(I dont see that in any case). The same goes with discretionary spending and government pensions. Don't (they tell me) we dont have to cut those golden calves because they are peanuts.

BTW: Everytime GWB or spokesman was asked about raising the income limit on FICA taxes (increasing taxes on those who will have their SS benefits income taxed) he replied 'Everything is on the table'. He was willing to sell us out to get his personal accounts.

30 posted on 11/08/2010 8:17:36 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 28 | View Replies]

To: sickoflibs
politicians wont admit there is no trust fund, then I will not be open to cuts in my benefits, and certainly not to FICA taxes increases

since im nowhere near gettin any of it, and am resigned to never get it back, the proactive approach works better today...ie, reduce my taxes by suckin it back outta the trough that they created...disgusting but effective...

31 posted on 11/08/2010 8:37:41 AM PST by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Gilbo_3; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; dools0007world; NFHale; Impy
RE :”since im nowhere near gettin any of it, and am resigned to never get it back, the proactive approach works better today...ie, reduce my taxes by suckin it back outta the trough that they created...disgusting but effective...

Back when I was a clueless college student my Dad warned me that SS/FICA taxes over my lifetime invested would have made me a rich retiree if I got them.(maybe not so much the past 10 years though.) But in the elected world only one this matters :”How do I get the other guess blamed so I can beat him the next election”. In this case instead of admitting that there is no trust fund, nor could there ever be, we get the standard “The other guy raided the trust fund” crap.

It's much more fun to put on my 'cynical politics' hat and plot strategies than to talk about real fixes, because they all lie anyway.

32 posted on 11/08/2010 10:27:17 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 31 | View Replies]

To: sickoflibs

The whole system is a lie.


33 posted on 11/08/2010 10:29:39 AM PST by stephenjohnbanker
[ Post Reply | Private Reply | To 32 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-33 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