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The Republican is set to deliver a speech Tuesday in New Hampshire outlining his ideas on reforming Social Security, Medicare and Medicaid and other so-called "entitlement" programs.
Christie will propose phasing out Social Security payments for those making more than $80,000 in other income, and eliminating them for those making $200,000 or more a year.
Christie's political action committee released excerpts before the speech. It's part of an effort to frame Christie as a politician who's unafraid to share "hard truths."
Hmm so is that 80k individual or 80k couple?
What are your thoughts on this specific proposal?
People who have PAID into Social Security and Medicare should get back at least what they paid into it with appropriate interest (or, at the VERY least, be able to voluntarily "donate" it back to the government and then claim it as a tax deduction).
People will go for this because it doesn't affect them. But here's the deal, as soon as they start eroding the benefits we paid for...guess who is the next victim? Bend over and get in line!
For once I am glad the rich are powerful. And I hope they make sure no big money goes to this guy's campaign fund.
Seriously, why don't they do what makes sense now and get rid of the cap? And collect what the fund is owed by the government. At least it's a step in the right direction.
Its a reasonable proposal. Other changes will have to happen in SS, so its time to get started. But I wish they would first tighten up the requirements for people to get SS disability. Far too many lazy, fat, alcoholics and drug addicts are getting benefits, when they could and should be working. If my handicapped son can do it, and people in wheelchairs, then others can too.
"Social Security" when taken out of your paycheck, is labelled FICA. FICA stands for Federal INSURANCE Contributions Act. It's a required insurance program into which everyone must pay.
This ill-conceived idea by Christie (who I could have considered voting for, up until today) of means-testing would be like paying your car insurance premiums, having a fender-bender and allowing the Insurance Company to look at your income and say, ya know what....you can afford to pay for those damages out of pocket.
As long as people pay their premiums (payroll withholding taxes) into Social Security, no politician should be allowed to deny them their benefits for any reason.
"Social Security" when taken out of your paycheck, is labelled FICA. FICA stands for Federal INSURANCE Contributions Act. It's a required insurance program into which everyone must pay.
This ill-conceived idea by Christie (who I could have considered voting for, up until today) of means-testing would be like paying your car insurance premiums, having a fender-bender and allowing the Insurance Company to look at your income and say, ya know what....you can afford to pay for those damages out of pocket.
As long as people pay their premiums (payroll withholding taxes) into Social Security, no politician should be allowed to deny them their benefits for any reason.
There is no lock box, what a current worker pays funds current retirees. Get over it people, it is welfare. No more lip stick on this pig. Therefore, if it is welfare, then yes to means testing and yes to removing the income cap on SSI paycheck deductions.
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