Skip to comments.Obama proposes Social Security cuts
Posted on 12/22/2012 7:09:16 AM PST by Libloather
Obama proposes Social Security cuts
20 December 2012
The White House decision to propose cuts in future Social Security benefits is of enormous political significance. Social Security has long been characterized as the third rail of American politicstouch it and you die. Obama and Boehner are seeking to break this taboo and create a new political framework for imposing brutal austerity measures on working people.
Whatever the immediate outcome of the talks in Washington, whether or not a deal is reached before December 31, the overall direction is clear: entitlement programs like Social Security, Medicare and Medicaid are to be gutted. The only significant area of federal spending will be the military-police agencies required to defend the interests of the financial aristocracyoverseas against foreign rivals and revolutions, at home against the American working class.
(Excerpt) Read more at wsws.org ...
Since when is SS an entitlement program? It’s a contract. The feds have been extorting my money for 50 yrs and using it.
I want my money back.
Brutal austerity measures = reality
A memeber of Congress after 15 years can get their pension at age 50 — bastards!!!
Best to decrease the surplus population.
You should take a copy of that contract you signed down to your lawyer's office and have him look it over.
The Second American Revolution is coming sooner that we all think.....red
Exactly. I want back what they ripped out of my paychecks for 45 yrs without my permission then I'll go away. With interest, of course.
Its worse than that. You pay income tax on the money they take out of your check for SS, and then you pay income tax again on the amount they give back each month during retirement
The problem is too many lying, thieving lawyers in this country. Politicians are mostly failed lawyers on the government payroll.
It’s not a contract. If you die one day after retiring, your adult heirs will get nothing and the government gets it all. It’s a redistribution scheme taking money from the people that work all their lives and gives it to the retired.
New Year’s prediction for our upside down nation:
Barkey will give another speech memorializing victims of the Sandy Hook shooting. He will claim that SS cuts will prevent gun violence and the MSM will take this up as part of their battle cry. Barkey’s approval rating will soar to 75% and grandmothers will march in favor of the cuts in front of the White House.
I’ll settle for half my money back now and count me out of the program altogether
In general I hate the term entitlement. Just how in the hell did someone get entitled to empty my wallet at the point of the federales' gun? One possible exception is Social Security because it was sold to the public as an "insurance" program of some type.
Its a contract.
Absolutely not. The Flemming v. Nestor Supreme Court ruling in 1960 made it very clear that SS is not a contract and that you have no vested right to it. Congress could scrap the whole program next week if it wanted to and you would have no right to fight it in court.
I want my money back.
Don't we all. I just don't plan on getting any in 20 years. I expect all the "ants" to have their Social Security to be taxed or means tested away to pay for the ever increasing number of "grasshoppers".
Course when Dubya wanted to reform this in his administration to gradually phase in private retirement plans for the younger and future generations, we all remember how the Democrats were blowing blood vessels and spouting lies about how the Republicans wanted to take away Grandma’s SS funds.
Oh no no no no no no no no - Been working 45 years, and I’m 1 year away from retirement. Keep your limp wrists off my SS benefits, you pansy-a$$ed SOB.
Actually, he is working VERY hard for SS cuts, medicare cuts, medicaid cuts, welfare, etc .... all "entitlement" programs.
The main problem, though, is the method he is choosing to do so. By driving up the debt to epic levels with near-Ø interest levels, winding up the proverbial spring so-to-speak, so that when we no longer can borrow/print, the interest rate jump collapses the dollar. Entitlements? Gone... Poof!
Here's the real problem...Medicaid should have been a totally separate program.
I think we've been conditioned for so long to believe that justice will be done, and that the right things will occur in the end, that we forget that history is filled with those individuals who were treated unfairly and for whom justice was never done in the course of their lifetimes. So, yes, it is entirely possible that you and I and all of us who have paid into social security will never significantly benefit from it, while able-bodied mentally healthy people who did not work hard and did not pay into it will reap benefits from it. It is also entirely possible that the entire working life efforts and savings of people who are now close to, or already in retirement will be diluted so much by the devaluation of our currency that they will never come close to the kind of retirement lives that they worked so hard for - and will not have nearly as much to give their children and/or grandchildren as they thought they would in return for their hard work and sacrifice.
I'm not being fatalistic here, but I think it's very important that we all keep in mind that the world won't automatically be fair for us. We have to work to prevent injustice from happening to those we love, and to us, and this is a long and continuous process.
I told my wife just this past week that I suspected in the near future that they would come up with some deal to cut SS by 1/3. Cut that, say $1,000 monthly check to $700 or so each month, even to those already getting it, not just futures.
I thought they ‘get’ their money after only one term. Hope I’m wrong but this is Congress I’m talking about.
Hell, I’ll be 62 on my next birthday. I’d be happy as hell if they just gave me back what they took from me, and I won’t even demand interest!
...whether or not a deal is reached before December 31, the overall direction is clear: entitlement programs like Social Security, Medicare and Medicaid are to be gutted. The only significant area of federal spending will be the military-police agencies required to defend the interests of the financial aristocracy."Financial Aristocracy" -- gotta love that World Socialist Website.
But what will you do if they simply decline to return it? They're thinking you will do nothing. They're quite confident of it. Virtually nobody ever does anything but take it on the chin.
Take a look at Obamas SS cuts closely. He is proposing to keep payments to those that paid into it low while not affecting payments to the moochers who get SSI. For us serfs that Social Security supplemental security income, for the moochers its known as crazy money. More people have gotten SSI over the last four years than got jobs.
Congress Pensions: http://en.wikipedia.org/wiki/Congressional_pension
I was wrong, full pension at 50 years of age after 20 years.
Plunder & Death = Socialism/Totalitarianism 2.0
Plunder the productive, abort the elderly/infirm/useless eaters.
I also think anyone who has a 401K will have their SS reduced to compensate for it; it’s “only fair”. They currently do that with financial aid and such; why wouldn;t they do it elsewhere?
Sadly I know many people who max out their contributions because they have no other deductions (children, mortgage interest/property taxes); in the end they’ll be penalized (like the ants when the grasshoppers come looking for their supplies).
Galveston County: A Model for Social Security Reform | NCPA
...If only. :^(
But do you EVER hear mention of TSP?
No!--because it would make fools out of every politician who screams bloody murder about letting the "unwashed masses" have access to PRIVATE retirement plans.
Would love to see some real "investigative reporter" start looking at what the liberal Congress critters have earned through their TSP accounts--bet it's up into the hundreds of thousands, if not more!
Barbara Boxer a few years back proposed something similiarto that, that we get a lower percentage of the money.. but she did not mention cutting her federal pension!!!
I will take mine in the form of gold bullion.
Members of the military can invest into TSP. I did as Navy officer just 3 years ago.
boner and obama are working together. And this is why the republicans didn’t want the white house or the senate. obama can cut SS, the senate will rubber stamp anything he wants and the house will finally be compromising.
>> Since when is SS an entitlement program?
It’s a game the #ing scumbags are playing.
A FReeper recently posted his SS check was labeled: Federal Entitlement Payment.
“Ill settle for half my money back now and count me out of the program altogether”
I tried to give them all I had paid and never collect if they let me off the hook not to pay into it ever again 60 years ago the they refused!!
I did quit paying in 1978 by putting all the corp. assets in a dummy leasing company and never taking wages again, only taking all compensation as rent!!!
There is more than one way to skin a cat!!!
I’ve collected both halves that I had paid in plus interest and all my checks I consider profit!!!
Seriously? I thought all SS payments were now done electronically?
It WILL be cut for
1) those who haven’t suffered ‘historical disadvantage’
2) those who vote Republican
I liked your post (#21). Your posts are often thoughtful. In this case, you pointed out what a lot of people overlook, i.e., life often isn’t fair and many who get the shaft are wholly undeserving of it.
Exactly. Lots of bigger talkers taking it in the @ss and doing nothing about it.