Christie to propose overhaul of Social Security benefits (means-testing)

Associated Press ^ | April 14, 2015 | Jill Colvin

[longtermmemmory]

If you paid for it then there is no means test.

Christie is over. He is delusional and playing for the left.

If anything the government would KEEP the savings and spend it for their own self interests.

[hinckley buzzard]

... then does SS become a huge and grossly-unfair tax

It always has been. Especially for working Blacks, who because of their relatively short life expectancy often do not even recoup what they paid in.

[nascarnation]

An excellent point.
And another reason why the Death Panels will be a big plus for the SocSec financial long term.

[hinckley buzzard]

That is correct. SS keeps an accounting of your contributions and earned benefits, based on the law as it is written at the time. But there is no lock box full of your money waiting for you. And in fact the whole shooting match exists only on the strength of statute. Social Security could legally be totally repealed at any time, and there would be nothing that anyone could do about it.

[WayneS]

Exactly.

If I pay in to it, I have a right to get money out of it.

[WKUHilltopper]

These criminal hacks have stolen SS blind...and now they want to “reform” it.

[abb]

Social Security could legally be totally repealed at any time, and there would be nothing that anyone could do about it.

Other than un-elect all those responsible. It can be done.

[novemberslady]

Why is the first thing you go after social security???

WHY DON'T YOU OVERHAUL WELFARE???

The first thing you guys do is try to steal money from people who worked for it.

WHY AREN'T YOU GOING AFTER ALL OF THE MONEY SENT OVERSEAS AND FREE MONEY AND BENEFITS GIVEN TO ILLEGALS???

[Nip]

The whole presentation is trying to hide the fact that Christie is proposing large scale, government sanctioned, robbery.

If I have no choice but to contribute and then lose everything because I was too successful - why work?

BTW - I will listen to the apologists the moment ALL Federal retirees, past, present, and future, agree to live on $ 100,000 annual retirement so they can “keep” their entire social security monthly, taxed, returns.

[BobL]

“But saying that someone who has paid into the system his whole life should get nothing because he has a lot of other income in retirement seems wrong to me.”

I would agree, if the money were still there. But those people ALSO VOTED, collectively to have the government spend loads of money while keeping tax rates down. In other words, the money was never put aside - IT WAS SPENT as fast as it came in.

So now it’s no longer getting THEIR money back, but instead it’s TAKING money from my kids and grandchildren. They ARE NOT entitled to that money any more than my neighbors are entitled to it. My kids did NOTHING WRONG and should have NO OBLIGATION to pay tribute to these people.

But I’ve had this debate before, and half of the people ON THIS SITE have no problem at all in having the government use the power of their guns to TAKE the money that voters demand, from my kids. One can only imagine the reception that Christie will get from the left.

So Christie won’t get anywhere with this...and my kids will have to live in a crap country because of it.

(and by the way, I still hate Christie and likely would not even vote for him if he is the nominee...but he is right here)

[RipSawyer]

The way inflation is computed has already been adjusted, if not for that social security would have died long ago.

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[itsahoot]

we need more facts if we are to have any chance of protecting ourselves from having part or all of what we paid for - stolen right from under us now

Remember Al Gore's lock box? The FICA money has been put into the general fund for years and the fund gets an IOU from the Feds, the fund does not exist except on paper.

The Government will do what ever it wants to do as we have learned over the last 6 years.

[BAW]

Not my fault the Congress spent it all already. Find another solution.

[cherry]

STOP with the talk of raising the SS age....stop paying govt employees their ridiculously large pensions after 20 or 30 yrs and THEN we'll talk....

I suppose people that do desk work or similar non physical non demanding work might be able to work til age 70 but not those that actually get off their fannies and actually WORK.....

[cherry]

tax ALL the income of wealthy people with the 8% SS tax and a remarkable thing will happen....all the leftists will suddenly become fiscal conservatives...

[cherry]

the problem is NOT that people think SS is some kind of 401k...

the problem is WE HAVE BEEN FORCED TO PAY into it....

[cherry]

the politicians react really really quickly to make hard working people work even longer and to make them pay more...

everytime they "fix" SS I get to pay more and work longer...

[cherry]

some of these govt workers triple dip and yet its the people relying on SS benefits for a guarantee income that need to be cut down to size.....

[cherry]

wealth distribution is also allowing govt employees of any sort retiring with full pension afer 20 or 30 yrs....that's taking my tax dollars as well as my children's and grandchildren's to pay off these debts...

that is far more evil than even SS...