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Old 11-14-2016, 03:38 PM
Location: Las Vegas
13,911 posts, read 25,394,676 times
Reputation: 26465


We, meaning society in general, need to fight whenever they throw anyone under the bus. Because next, they will come after you. Stand up and fight! Protest! It's the American way and it's what made this country.

Old 11-14-2016, 03:48 PM
Location: SoCal
13,460 posts, read 6,433,987 times
Reputation: 10033
Originally Posted by GeoffD View Post
Social Security in the long term is only 70% funded. It would never be cut to 50%. Retirees would guiotinne all of Congress if that got voted in. The rich don't want to pay the employer side of a payroll tax hike and they don't want the $118,500 earned income cap lifted or taxes on unearned income like was done for Medicare. That will delay enacting the recommendations of the bipartisan commission for a number of years. Right now, this is all political posturing. Medicare is the program more likely to see big reforms.
I agree. It's nonsense. The worst is that we get 70%, yes I can live with 30% reduction. I'll probably pay even less tax.
Old 11-14-2016, 03:58 PM
Location: North Carolina
2,951 posts, read 2,042,533 times
Reputation: 5941
For those that are saying a big reduction wouldn't happen because of the political consequences, how confident are you that will apply long into the future?

It's easier to say that for someone who is 60, or even 50 now, but what about people who are 40? Or 20? Or not yet working age, but will be before long? Those folks either have already been contributing for a long time, but still have a long time of contributions to go, or will be contributing for a long time in the future if they're just getting started or haven't started yet.

What will they have to show for that when their retirement age comes (assuming the "solution" isn't to push the retirement age to 100+ years old), after they have faithfully contributed for years, just like their preceeding generation?
Old 11-14-2016, 03:58 PM
Location: Central Massachusetts
4,800 posts, read 4,869,503 times
Reputation: 6380
luvmyhoss you have not been like this before. Please let's see what happens before we run to the air raid shelters.
Old 11-14-2016, 04:05 PM
414 posts, read 434,684 times
Reputation: 587
We have other sources of income , not depending SSI. If there is still ssi left for us that is bonuses.
Old 11-14-2016, 04:20 PM
Location: RVA
2,179 posts, read 1,277,833 times
Reputation: 4506
If you look at the population profile, once the boomers are all mostly dead, SS would then again be a successful Ponzi with more paying in than collecting. I can't worry about a what if scenario for future generations. Talk about a futile waste of brain cells!
Old 11-14-2016, 04:21 PM
Location: Paranoid State
13,047 posts, read 10,492,570 times
Reputation: 15685
I planned my retirement on never receiving a penny from SS. I semi-retired at 40 and fully retired well before 50. I'm many years away from being able to collect. If I never receive a penny, I'll be just fine.
Old 11-14-2016, 04:21 PM
2,403 posts, read 1,051,347 times
Reputation: 1175
Originally Posted by NewbieHere View Post
I agree. It's nonsense. The worst is that we get 70%, yes I can live with 30% reduction. I'll probably pay even less tax.
Well, as long as you're OK with it, who cares about the folks who won't be able to live.
Old 11-14-2016, 04:23 PM
6,684 posts, read 3,185,576 times
Reputation: 8464
Originally Posted by ptt View Post
We have other sources of income , not depending SSI. If there is still ssi left for us that is bonuses.
SSI is a welfare program for people who don't have Social Security. Republicans are far more likely to cut SSI than to cut Social Security. And when they cut Medicaid and Medicare, they can blame it on greedy doctors, to make it more politically acceptable.
Old 11-14-2016, 04:41 PM
Location: too far from the sea
19,969 posts, read 18,968,149 times
Reputation: 33943
There is already a similar thread about this topic. Also, too much bickering on here already.
my posts as moderator will be in red. Moderator: Health&Wellness~Genealogy. The Rules--read here>>> TOS. If someone attacks you, do not reply. Hit REPORT.
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