Posted on 12/09/2016 5:06:25 PM PST by SoFloFreeper
am Johnson, a Republican from Texas and chair of the Ways and Means Committee, introduced legislation to significantly cut Social Security.
The bill introduced by Johnson, who is also the chair of the Social Security subcommittee, slashes benefits, adds means testing, and would raise the retirement age from 67 to 69.
...Michael Linden, associate director...at Center for American Progress, pointed out on Twitter, a letter from Social Security’s Office of the Actuary calculated workers making around $50,000 would see checks shrink by between 11% and 35%.
(Excerpt) Read more at yahoo.com ...
The plan affects people YEARS out, who have plenty of time to PLAN for the changes--and it doesn't affect people about to go into the system.
Social Security DIES without reform.
Grab this bull by the testicles, GOP. And win.
I guess the next article=fakenews they put out will be...elderly eating dog food.
PING!!!
Article and comments
From article:
Nearly every income bracket would see a reduction, save for the very bottom. People making around $12,280 in 2016 who have worked for 30 years would see an increase of around 20%. But young people making the same amount would be hit hard by the changes. If they had 14 years of work experience by 2016, they would see their benefits cut in half.
The plan would also cut entirely cost of living adjustments (COLA) for retirees earning above $85,000.
Thanks, SoFloFreeper
Any piece quoting people from both Center for American Progress and Talking Points Memo is certain to steam in a meadow.
First cut welfare, food stamps, Obama-phones and all other handouts to illegal aliens and all able bodied adults.
Then cut retirement benefits for all elected federal officials back to what is normal in the private sector.
Paul Ryan doesn’t have a good track record here. Just sayin’.
well.... I'll be outta here.
Well people who are staying here from Syria still get their checks.
Raising retirement age to 69 is a no go.. Most people work till 60 if they are lucky these days due to layoffs etc..
Plus the odds are you might never see the $$$.
Q. "How many people work at the Social Security Administration headquarters?"
A. "About half of them."
***Social Security DIES without reform. ***
But, but we were promised back in 1964!
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And HERE is where your money went! Read and weep!
https://www.ssa.gov/OACT/ProgData/fundFAQ.html#n4
Plus the odds are you might never see the $$$.”
My son, who just turned 50, saves as if he will receive no money from SS. He also has made sure he works in an area that will allow him to own his own business after/if his employer kicks him out the door. Many of my friends and I are still working and plan on doing so until they haul us off to the crematory. Just costs too much to maintain any kind of lifestyle.
Sam Johnson Unveils Plan to Permanently Save Social Security
My, my, my, what a difference a headline makes.
To learn more about Chairman Johnson’s Social Security Reform Act of 2016, CLICK HERE.
To read the full bill text, CLICK HERE.
To read the Social Security Actuary letter, CLICK HERE.
Cancel anything you have with Yahoo!
I agree.
But, I asked my congressman this...why in the hell can you guys increase to amount a retired person can earn in a part time job, from the early years of retirement, to say, 20 grand a year? That way, they can contribute back into the system at thier part time job.
Answer? None.
SS should be at least privatized and we can do it better than Chile did it and Chile recipients get back about twice what Americans get back as a percentage of input and the money belongs to them from premium to principle. They have money left in their investment to leave to their heirs.
All of this would be wrong. An reform that doesn’t privatize SS or eliminate it is wrong and unconstitutional as SS was from the beginning. I get SS as a major part of my income and would accept if all SS were simply ended tomorrow while understanding that it would be better to privatize it for anyone under, say, 50 y.o. and keep it as is for those past 50 when the change is made.
Why on Earth did this guy not go on Hannity and discuss the program so that everyone hears the truth. Good Lord it has been all over the media and the lies are incredible.
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