U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-15-2016, 06:57 PM
 
Location: Baltimore, MD
3,746 posts, read 4,228,956 times
Reputation: 6867

Advertisements

Quote:
Originally Posted by Vasily View Post
For those who are posting this sort of stuff, put up or shut up. Either provide references where we can read the sources of the "information" you're providing and decide for ourselves whether it's BS or something we should be concerned about ... or keep your pie holes shut.
Most of it is BS. Except that there was a Supreme Court case that did, in fact, find that entitlement to SS benefits is not a contractual right. What Congress giveth, Congress can take away. That said, because it is a federal entitlement program, Congress would have to provide a rational reason for the change and beneficiaries would have the right to due process, i.e., appeal. You can google Nestor or start here: https://www.ssa.gov/history/nestor.html
Reply With Quote Quick reply to this message

 
Old 04-15-2016, 07:08 PM
 
72,033 posts, read 72,043,164 times
Reputation: 49605
The flip side is there are laws in place that prohibit congress doing things that hurt the general public so i would think the two sides would end up battling it out
Reply With Quote Quick reply to this message
 
Old 04-15-2016, 07:19 PM
 
Location: Baltimore, MD
3,746 posts, read 4,228,956 times
Reputation: 6867
Quote:
Originally Posted by mathjak107 View Post
The flip side is there are laws in place that prohibit congress doing things that hurt the general public so i would think the two sides would end up battling it out
Hardly. I should have used the term "rational basis" instead of "rational reason" (duh!) for those who are familiar with Constitutional law. Suffice it to say that 99% of the time, the government entity will win. This describes it perfectly:

"In United States Supreme Court jurisprudence, the nature of the interest at issue determines the level of scrutiny applied by appellate courts. When courts engage in rational basis review, only the most egregious enactments those not rationally related to a legitimate government interest are overturned."

https://en.wikipedia.org/wiki/Rational_basis_review

That said, we all know that Congress will eliminate benefits when donkeys fly.
Reply With Quote Quick reply to this message
 
Old 04-15-2016, 07:38 PM
 
2,934 posts, read 1,028,119 times
Reputation: 3309
Congress knows that they wouldn't survive in power if they got rid of SS. Which is why the most you hear is some Republicans trying to pass bills to move younger workers to 401k accounts. They know the older folks vote and would drilled them if they tried that stunt on them.
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 06:39 AM
 
3,721 posts, read 3,141,474 times
Reputation: 7929
Anyone who is taking the sarcastic posts seriously needs to relax. A little fun in this very serious forum is appreciated by some folks. On another note, one Presidential front-runner has proposed a $1,000,000 fine for anyone who retires in their 20s.
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 09:00 AM
 
Location: SoCal
13,414 posts, read 6,411,220 times
Reputation: 10002
This is retirement forum, you don't joke about reducing SS. Maybe this should be filed in the bad joke category.
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 09:35 AM
 
Location: Salem,Oregon
306 posts, read 338,695 times
Reputation: 853
Quote:
Originally Posted by nicet4 View Post
Me to but a cut will never, ever happen unless a politician has a death wish for his political career and I don't see that happening.

From the June 2015 Beneficiary Data the number of Retired workers is 39.5 million and they vote. Get out there with threats to cut their benefits and if they can get out of bed, some even if they can't, will go vote if they have to crawl.
And here in Oregon we only have to crawl to the mailbox
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 11:56 AM
 
Location: In a vehicle.
5,068 posts, read 3,240,762 times
Reputation: 8270
Quote:
Originally Posted by 1insider View Post
Also, they just announced that the 6.2% Social Security withholding on employees under the age of 45 is being increased starting June 1 this year to 9%. Employers match will stay at 6.2%. Expect your first paycheck in June to be a little smaller than usual if you're under 45 on June 1. All over age 45, no change.
Maybe till an age discrimination lawsuit halts that...
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 01:07 PM
 
8,112 posts, read 7,340,384 times
Reputation: 6477
It's a mandatory program. So they have to make payments. There are non-mandatory programs in the budget that require Congress draft a bill authorizing how the money is spent.
Reply With Quote Quick reply to this message
 
Old 04-16-2016, 03:27 PM
 
3,457 posts, read 2,346,765 times
Reputation: 7004
Quote:
Originally Posted by HopHillers View Post
Would you please provide a link to the source of this information? Thank you.
Hey! The poster said, "They just announced" this! Isn't that proof enough for you?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top