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no the 'feds' are not paying the premiums.. at least not all
a federal worker...JUST LIKE ANYOTHER WORKER at a private company pays PART (usually 20-35%) of the premuim and the companiy pays the remaining 65-80%).....that is part of the employment contract to include in retirement
an example.. my father worked for the New York Public Library in NYC..part of his retirement is he STILL (at 82 years old) has his hospitalization through work with GHI...and the COST comes out of his retirement
just like people on SS/Medicare..they still pay a premium for the medicare service...and then ONTOP need to BUY a private SUPPLEMENTAL insurance to cover what medicare wont.
fact is our government is broken...they need to scrap some of it and start over
she is correct
get rid of the irs and their regressive (discriminatory) tax system and bring in a 'fair-tax' national consumption tax.
ss was NEVER designed to be a retirement system..it was designed to be a social sectirity INSURNACE program...and its FAILING....get rid of it...keep the same percents (or even higher) (from both employee and employer) and give the people the POWER to invest it thir selves....ie a manditory (but free) savings system
That "company" is the Feds in the case of the Angles.
"Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed. Thus it was an alternative both to reliance on welfare and to radical changes in our capitalist system"
You can play 'antics with semantics' till the cows come home, but Social Security was always meant to provide an income after leaving the workforce.
I am totally opposed to 'privatizing' SS. In the last 10 years, our investments have not grown much, due to the stock market fluctuations. In fact, for a few years, they shrunk in value, in some cases losing principal as well as interest. I'd hate to have to count on that to retire. People can invest other funds if they wish, to supplement their SS.
I see your point, but someone who proposes a health care plan where you would pay the doctor with chickens, etc, should not be relying on the govt. for health care that actually works by exchanging money.
Quote:
Originally Posted by Katiana
^^You didn't offer him a chicken or two? Seriously, the woman is a hypocrite. She wants to shrink, maybe destroy the federal government, and yet she accepts their health care plan?
as was stated, most of the premiums are paid by the employee. but the insurance is through a private company.
Quote:
Originally Posted by Katiana
That "company" is the Feds in the case of the Angles.
"Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed. Thus it was an alternative both to reliance on welfare and to radical changes in our capitalist system"
You can play 'antics with semantics' till the cows come home, but Social Security was always meant to provide an income after leaving the workforce.
I am totally opposed to 'privatizing' SS. In the last 10 years, our investments have not grown much, due to the stock market fluctuations. In fact, for a few years, they shrunk in value, in some cases losing principal as well as interest. I'd hate to have to count on that to retire. People can invest other funds if they wish, to supplement their SS.
actually the original plan for social security was as social security insurance, and not as a guaranteed retirement income. it was for those that needed it when they retired. it has grown into a program that you get it when you retire regardless of whether you need it or not, and then it grew even further into a program where by if you are under 18, and one of your parents dies, you then get their social security payments until you turn 18, unless you go to college the you can get them until you are 25. and it then grew even further to where if you are disabled, you can get social security payments. and we wonder why it is in serious trouble.
as for your investments, sorry to hear that, but did you truly diversify your investment portfolio? did you keep an eye on the market and move your money from stocks to bonds or Tbills when the market started to turn south? did you investigate mutual funds to find ones that had consistent growth over the years? did you work with an investment professional who would help you grow your money? did you take the time to learn how the markets work?
as was stated, most of the premiums are paid by the employee. but the insurance is through a private company.
actually the original plan for social security was as social security insurance, and not as a guaranteed retirement income. it was for those that needed it when they retired. it has grown into a program that you get it when you retire regardless of whether you need it or not, and then it grew even further into a program where by if you are under 18, and one of your parents dies, you then get their social security payments until you turn 18, unless you go to college the you can get them until you are 25. and it then grew even further to where if you are disabled, you can get social security payments. and we wonder why it is in serious trouble.
as for your investments, sorry to hear that, but did you truly diversify your investment portfolio? did you keep an eye on the market and move your money from stocks to bonds or Tbills when the market started to turn south? did you investigate mutual funds to find ones that had consistent growth over the years? did you work with an investment professional who would help you grow your money? did you take the time to learn how the markets work?
Your first statement is "antics with semantics". The "company" paying Sharron Angle's health ins. is the federal govt. It matters not one whit that they are paying a premium for a private insurance company. The feds are paying the company contribution. The feds.
You are also playing "antics with semantics" re: social security. It was always a program that you get whether you "need it or not". A need based program would be welfare, and the point was to have a different system. My aunt got SS for her kids when her husband died back in the early 1950s. The idea of providing for widows and minor children is not something new. SSI has been around a long time, too.
Nice of you to blame me for our investments tanking at a time when everyone's were. I do not care to discuss my personal finances with an anomymous internet poster, but yes, we do work with a professional.
Your first statement is "antics with semantics". The "company" paying Sharron Angle's health ins. is the federal govt. It matters not one whit that they are paying a premium for a private insurance company. The feds are paying the company contribution. The feds.
it doesnt matter who pays the company contribution, it is still a PRIVATE insurance plan, paid to a private insurance company, and it is an OPTIONAL plan, meaning that the employee did not have to buy the insurance if they did not want to.
Quote:
Nice of you to blame me for our investments tanking at a time when everyone's were. I do not care to discuss my personal finances with an anomymous internet poster, but yes, we do work with a professional.
i dont fully blame you for your losses in the markets, but will say this, my mother was in the stock markets for years, starting about 1976, and she got out of the markets in late 2006 before the crash because she saw what was coming, as did her professional adviser. she moved her investments into the money markets and CDs.
it doesnt matter who pays the company contribution, it is still a PRIVATE insurance plan, paid to a private insurance company, and it is an OPTIONAL plan, meaning that the employee did not have to buy the insurance if they did not want to.
Paid for by the employee and THE FEDERAL GOVERNMENT! (Since you want to yell) Sharron and her hubby apparently opted TO buy it, and let the FEDS pay part of the premiums.
Quote:
i dont fully blame you for your losses in the markets, but will say this, my mother was in the stock markets for years, starting about 1976, and she got out of the markets in late 2006 before the crash because she saw what was coming, as did her professional adviser. she moved her investments into the money markets and CDs.
By then, we had paid out six years of college tuition at private colleges. Didn't matter much at that point in time. Do you remember 2001-02?
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,761,129 times
Reputation: 3587
Quote:
Originally Posted by sickofnyc
What a surprise! Another hypocrite Tea Party candidate. Does Mrs. Angle think that she can keep these dirty little "Socialist/Big Government" secrets hidden? Apparently so if you look at her platform.
Throughout her campaign for U.S. Senate in Nevada, GOP candidate and tea party favorite Sharron Angle has railed against government intervention in just about everything. Angle said she wants to “personalize†Social Security, and she even went so far as to suggest the possibility of an armed insurrection against the U.S. government to protect “against a tyrannical government.†Part of Angle’s anti-government philosophy has also included health care. She wants to repeal the new health care law and recently attacked mandating coverage for autism and maternity leave. She even suggested that Medicare and VA coverage work “towards a privatized system.†But Politico notes today that Angle this week admitted that both she and her husband benefit from government subsidized health care: Think Progress » Sharron Angle And Her Husband Receive Government Health Care
It is just friggin unreal! Lots of the tea party types are probably on government health care such as Medicare, Schip or VA.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,761,129 times
Reputation: 3587
Quote:
Originally Posted by workingclasshero
yes..and its a health INSURANCE he PAYS for
FEHB, which is the program which contracts the INSURANCE (through GHI, or Bluecross, or HIP, or aetna, etc) which you pay for as either SINGLE, or FAMILY....and even though retired, until he reached 65, he can still PAY for the insurance, it come out of his retirement check
think progress got this one wrong
How much does he pay? What are the plan's benefits? Something tells me he pays very little and the benefits are lavish.
Paid for by the employee and THE FEDERAL GOVERNMENT! (Since you want to yell) Sharron and her hubby apparently opted TO buy it, and let the FEDS pay part of the premiums.
tell me that if you were in their place that you would refuse to take the benefits. again it is a private insurance policy. what she is complaining about is the health care law that was passed. you can make all the silly accusations and try to deflect the argument all you want, but it doesnt make them hypocrites.
Quote:
By then, we had paid out six years of college tuition at private colleges. Didn't matter much at that point in time. Do you remember 2001-02?
yes i remember that period of time, it wasnt good, but it was better than now. so what? [MOD CUT]
Last edited by Ibginnie; 10-09-2010 at 08:31 PM..
Reason: off topic
tell me that if you were in their place that you would refuse to take the benefits. again it is a private insurance policy. what she is complaining about is the health care law that was passed. you can make all the silly accusations and try to deflect the argument all you want, but it doesnt make them hypocrites.
yes i remember that period of time, it wasnt good, but it was better than now. so what? again you are trying to deflect the conversation. you seem to have relied heavily on your adviser when dealing with you investments, rather than doing your own research. my mother faithfully read the wall street journal, and barrons, and the financial section of the arizona daily star and the tucson citizen. did you read barrons? the wall street journal? the financial section of your local paper?
my mother also took courses in how the stock markets work, did you?
Paragraph 1: I am not deflecting. The truth of the matter is that Ms. Angle and her hubby are receiving health care largely paid for by the federal government. My accusations as such are not silly, they happen to be the truth.
[MOD CUT]
Last edited by Ibginnie; 10-09-2010 at 08:31 PM..
Reason: off topic
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