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Old 03-09-2016, 10:29 PM
 
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If your worried about social security why would you vote Republican? Maybe you would be better staying home. The Republican platform over the last few elections has not been for preserving social security or Medicare.

 
Old 03-09-2016, 10:43 PM
 
13,897 posts, read 7,400,560 times
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Quote:
Originally Posted by bpollen View Post
SS is solvent, actually. In 10 or so years, it will begin to pay out more than it takes in. That doesn't make it bankrupt. It could go on that way for years. But experts say something should be done so this payout more than receipts doesn't happen.
Nope. Payouts already exceed payroll tax receipts. It's the "interest on the trust fund" sham where it's pretending otherwise. That "interest on the trust fund" is coming out of the general fund today.

The "trust fund" is almost $3 trillion dollars. That money has already been spent. To pay it back to retirees, the Federal government either needs to borrow the money, raise taxes, or take it from some other government programs. None of those options are particularly good. My bet is they do nothing for a decade and then raise payroll taxes in some way to keep Social Security cash flow neutral. If a Tea Partier like Cruz gets elected and the Republicans continue to control both houses of Congress, I likely lose my bet.
 
Old 03-09-2016, 11:04 PM
 
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Quote:
Originally Posted by Retire in MB View Post
The above, plus the fact that Republicans are now calling SS an "Entitlement" bother me to no end.
Err... Social Security and Medicare are entitlement programs. They are both very re-distributive both from rich to poor and from young to old. Lower income people receive far more than they pay into the programs. With Medicare, you only have to work 10 years at very low wages to qualify for the program and the pauper gets the same benefits as the millionaire.

The problem with privatizing is that it's just like corporations shifting from defined benefit pensions to 401(k) programs. It transfers all the risk to the retiree. If you pick your investments poorly or the market crashes on you, nobody is there to bail you out. You starve. The whole point of Social Security is to make sure the elderly aren't below the poverty line and don't starve. That was a very real problem pre-FDR and Social Security has been enormously successful. The whole Republican thing is representing corporate and wealthy interests who know very well that the program is 30% underfunded and they don't want to be on the hook for paying the extra 30%. They just got hosed again with Medicare taxes and they are fighting tax increases on the wealthy to shore up Social Security. They'd much rather put 50% of the Millennials at risk of being below the poverty line when they retire.
 
Old 03-10-2016, 01:27 AM
 
5,426 posts, read 3,448,244 times
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Don't you mean 'with Social Security, you only have to work 10 years at low wages to qualify'?

My understanding is that everyone qualifies for Medicare at age 65 whether one has worked at a job or not.
 
Old 03-10-2016, 05:08 AM
 
Location: Florida
5,905 posts, read 2,743,732 times
Reputation: 7129
Quote:
Originally Posted by JRR View Post
Just out of curiosity, why would you think that voting is useless? Going back to the 2000 Presidential election, if 538 people who didn't bother to vote in Florida had got out and voted for Gore, we probably would not have invaded Iraq. How that would have changed history would be interesting to contemplate. But we'll never knows for sure as they didn't bother to vote.
As a fellow Floridian those 538 votes for Dubya were stopped by the USSC and I really don't want to start a debate but we in our gut know that Florida did elect Gore in 2000.


As for the topic at hand? I would never entrust the GOP with issues regarding Social Security , Medicare or Medicaid.
Just look at how many times the GOP has voted to disassemble ObamaCare which isn't even close to what it was supposed to be which was a Single Payor system like Medicaid.

At least ObamaCare removed pre-existing conditions & allowed parents to keep their kids on their health Insurance until age 26.
Unless you are secure in a program like Medicare or/and Medicaid to cover Seniors shouldn't have to worry about these programs yet why should it matter to the President or Congressman who are guarenteed
Medical benefits paid for every US Taxpayer reading this.

The GOP has been pushing to "privatize" Social Security since the 1990's.
Now imagine your SS benefits were invested in the stock market in 2008 as the Great Recession was happening !

Oops! and we just deducted our Brokerage Fee too ! here is your $0.99 cent SS check for the month !

You want to ensure entitlement programs survive? We can start by cutting the Defense budget with a with drawl of military troops & bases in Germany & South Korea which cost us Billions of dollars to maintain a year and yet we have homeless Vets in America which is a national disgrace.
Why are we still in these nations after half a century?

Of course the Neo-Con heads will explode since they call SS & Medicare & VA & Medicaid as Liberal entitlement programs but have no problems launching Foreign Wars and not paying for them or rebuilding IRAQ's infrastructure as securing America's vital National Security interests.
 
Old 03-10-2016, 05:14 AM
 
Location: SW Florida
9,751 posts, read 7,033,290 times
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Quote:
Originally Posted by RiverBird View Post
We know enough about the "candidates" to vote tomorrow.

Oh, we know what's said about them by their rivals, their adoring pandering news media/condemning hating news media (depending on the candidate), but I prefer not to toe the party line, believe and regurgitate official Party talking points as facts. I will do my own research and come to my own conclusions as far as I am able to do so. For what that's worth.
 
Old 03-10-2016, 05:19 AM
 
Location: Ubique
4,148 posts, read 3,159,604 times
Reputation: 2634
Quote:
Originally Posted by GeoffD View Post
The whole point of Social Security is to make sure the elderly aren't below the poverty line and don't starve. That was a very real problem pre-FDR and Social Security has been enormously successful.
I can live off of my credit cards, and appear very successful, but long-term sustainability is not there. Same with Social Security Insurance. As most things, politicians have a way of mucking things up.

SSI cannot be seen independent of other things going on. SSI is heading for some very rough waters due to demographic and lack of economic growth.

These are not separate from each other. Instead they are part of a comprehensive ideology -- liberalism / progressivism, which in due course leads to failure. Electing Bernie and Hillary will speed this failure up. Eventually math prevails.
 
Old 03-10-2016, 05:54 AM
PDD
 
Location: The Sand Hills of NC
8,774 posts, read 14,867,158 times
Reputation: 11886
Been retired for 12 years and my quality of life has not diminished very much. I think America is still great no matter what Trump says.
I don't dislike people based on skin color, I dislike people who are dishonest, don't respect my space.

I feel sorry for people who are buying into Trumps delusions. But unless he starts WWIII his election won't have a positive or negative affect on me.

If the Stock market was still 8.000 and gasoline was 4-5 a gallon and our economy was not on the upswing I would be worried.

For those of you who did not give your kids a good education so they can be self supporting, it your fault not the presidents.
 
Old 03-10-2016, 06:02 AM
 
Location: Colorado Springs
4,837 posts, read 4,952,340 times
Reputation: 17302
Long ago I became a political Atheist.

To get elected, politicians must become professional liars. So I don't believe anything they say.

If you are honest, transparent, and truthful, you are not electable.

But the real problem is the voters. They act like children instead of mature adults. They don't want to hear the truth. They won't accept the levels of taxation required to pay for the spoils. They all want the other guy to pay.
 
Old 03-10-2016, 06:15 AM
 
Location: Ubique
4,148 posts, read 3,159,604 times
Reputation: 2634
Quote:
Originally Posted by Vision67 View Post
But the real problem is the voters. They act like children instead of mature adults. They don't want to hear the truth. They won't accept the levels of taxation required to pay for the spoils. They all want the other guy to pay.
I agree that voters have caused a lot of this. But the solution is not to basically shut up and pay up, even more, which means -- I entrust more of my money to some temporary politician, who has proven that he / she can cause permanent damage. That's irrational.

The solution is to reform SSI, return it to its original intent -- which was a safety net, and not retirement. The solution is not more socialsm, but more capitalism, higher economic growth. Capitalism made SSI successful, while socialism is destroying it. Bernie and Hillary are socialists of a different shade, but socialists nonetheless.
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