Posted on 07/13/2015 11:10:00 AM PDT by Din Maker
The 2016 presidential race is heating up, and politicians are already talking about the subject of “Social Security reform…”
But don’t be fooled – this seemingly innocuous phrase hides the true intention of this political rhetoric: Social Security cuts.
For example, Senator Lindsay Graham of South Carolina, who is pegged to run for the republican ticket, recently told a reporter:
“I’m going to ask [people] to give up a little bit to make sure the system doesn’t fail… If we don’t, the baby boomers are going to wipe out Social Security and Medicare. We’ll become Greece.”
Graham has been proposing cuts to Social Security for at least a decade.
(Excerpt) Read more at thecrux.com ...
Just open up that lock box and give me back what I payed, we’ll call it even.
_______________________________________________________________________________________________
LOL..... Man did you ever nail it. HECK YEAH! Same goes for me.
what fund? there's no fund. SS is paid from revenue.
Lindsey is just attaching a big ol’ ball and chain to his party here.
This is why he’s at the bottom of the heap.
When is welfare going to get cut?
They will raise FICA taxes to very high levels of income. Perhaps the last dollar. They will impose a Tobin Tax on Wall Street transactions and use it to pay benefits.
It will be very popular. It will pass with many GOP votes. It will kick the can down the road a few more decades.
You’re thinking of the real world.
Technically there is a fund and it’s solvent.
I think the SS disability fund runs out this year.
NOW we’re breaking the system! Eff em!!!
Maybe the problem is that too many of us broke ourselves working hard to pay into the system because of the ethics our parents instilled into us. We couldn't all be leeches getting wealthy off the taxpayer...........like politicians.
I’ve paid in to Social Security/Medicare for 50 years. Never even got to hold the money, the Feds just took it
The Feds have had an interest free loan from me and now at the rate of payback I’m not sure I will get my principal back before I get off the starship Earth
Note to Lindsay how about throwing off the welfare cheats illegals and phony disability moochers. We would have more money then
100% correct.
All while the professional politicians pandered to and spent hundreds of billions on tens of millions of illegal aliens, and decades long multi-trillion dollar compassionate wars.
F them is right.
“So Linda...how ‘bout supporting high value added jobs in the U.S. again?”
Vote for Trump. You’ll get your high value jobs.
One has to wonder how many billions of dollars in foreign aid has gone out in the last six and a half years, including to Mexico.
The Social Security Act specifies a formula for determining each COLA. According to the formula, COLAs are based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). CPI-Ws are calculated on a monthly basis by the Bureau of Labor Statistics.
A COLA effective for December of the current year is equal to the percentage increase (if any) in the average CPI-W for the third quarter of the current year over the average for the third quarter of the last year in which a COLA became effective. If there is an increase, it must be rounded to the nearest tenth of one percent. If there is no increase, or if the rounded increase is zero, there is no COLA.
Check out the COLA computation for this year. Notice that the 2014 CPI-W for the July, August, September averaged 234.242.
Those projections you provided in your link are just that by the Trustees. They were made last year. The data don't support it up to now. The CPI-W is actually decreasing from last year.
The ZIRP plan (zero interest) is ruining any return on savings and will shortly bankrupt pension and annuity plans. The geezers are already paying through the nose because their savings are getting raped.
How about a maximum wage for too-big-to-fail corporate management, say $40K a year? And a tax on too-big-to-fail corporations of about 20% of gross income, just to guarantee that they break up into smaller, safer units, which can then legally pay outrages CEO salaries.
Eff em! Damn right!
Quit doling out SS disability as a better deal than welfare or unemployment.
Don’y post a frickin’ ad masquerading as news.
Don’y post a frickin’ ad masquerading as news.
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.