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Old 01-21-2011, 11:38 AM
 
Location: Londonderry, NH
41,479 posts, read 59,746,092 times
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I want to remind everyone that Social Security is NOT a government pension but an insurance system designed to protect citizens from financial disasters such as Enron or the recent stock and housing bubbles. It is not supposed to be an investment based (the SS Trust Fund should never have been instituted as it is nothing but a severely regressive income tax) operation but was designed to have the current contributors taxed enough to pay for the current expenses. As there are now far more recipients than when the program started I believe the cap on taxed wages must be removed and payments limited to only people with retirement incomes less than the 80th percentile. The top levels of retirement do not need any additional support from this insurance system while the people with very low or failed pensions need all the help they can get.
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Old 01-21-2011, 02:19 PM
 
Location: Austin
453 posts, read 457,189 times
Reputation: 213
Quote:
Originally Posted by GregW View Post
I want to remind everyone that Social Security is NOT a government pension but an insurance system designed to protect citizens from financial disasters such as Enron or the recent stock and housing bubbles. It is not supposed to be an investment based (the SS Trust Fund should never have been instituted as it is nothing but a severely regressive income tax) operation but was designed to have the current contributors taxed enough to pay for the current expenses. As there are now far more recipients than when the program started I believe the cap on taxed wages must be removed and payments limited to only people with retirement incomes less than the 80th percentile. The top levels of retirement do not need any additional support from this insurance system while the people with very low or failed pensions need all the help they can get.
Bravo, Dude! I couldn't have said it better!
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Old 01-21-2011, 02:25 PM
 
5,915 posts, read 4,810,471 times
Reputation: 1398
This thread has turned into a communist lounge.
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Old 01-22-2011, 03:27 PM
 
Location: Orange County, CA
4,898 posts, read 3,356,807 times
Reputation: 2974
Quote:
Originally Posted by GregW View Post
I think socialism that provides financial and medical security for most people is very desirable. I also believe socialism that provides huge subsidies for military contractors, big agriculture and multinational financial corporations is an unmitigated disaster.
+100. Although good luck getting free-market azz-kissers to even admit to the last sentence...
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Old 01-22-2011, 06:37 PM
 
Location: Indiana
2,046 posts, read 1,573,548 times
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Quote:
Originally Posted by Winter_Sucks View Post
Senior citizens love social security and medicare. The tea party should campaign on abolishing those two programs because they are socialist programs.
how about getting rid of welfare, child rearing age people are young enough to work. how about grants to universities most universities make lots of money on there own. or how about the bloated socialize education system, I have been told it has failed me!! and yes even the military is a bit bloated.why is it that when it comes to cuts liberals always choose the ones who really need help,to throw under the bus.
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Old 01-24-2011, 11:50 PM
 
Location: Austin
453 posts, read 457,189 times
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Originally Posted by gysmo View Post
how about getting rid of welfare, child rearing age people are young enough to work. how about grants to universities most universities make lots of money on there own. or how about the bloated socialize education system, I have been told it has failed me!! and yes even the military is a bit bloated.why is it that when it comes to cuts liberals always choose the ones who really need help,to throw under the bus.
How about just nationalizing all the universities and making them free so people won't have to live on welfare. That seems more plausible to me. Liberals aren't the ones cutting funding for Medicaid and public schools in Texas. We have a Republican Governor doing that. He's also trying to pass a law requiring women to get a sonogram to have an abortion. So much for separation of church and state. What I'd love is for us to cut the defense budget in half like Ralph Nader proposed. That would help pay a large chunk of our national debt right there. We don't need pork-barrel spending on defense.
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Old 01-25-2011, 12:08 AM
 
1,168 posts, read 1,243,853 times
Reputation: 912
There is no such thing as a free lunch
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Old 01-25-2011, 12:13 AM
 
Location: Austin
453 posts, read 457,189 times
Reputation: 213
Quote:
Originally Posted by EuroTrashed View Post
There is no such thing as a free lunch
Bingo! I don't understand why people are having such a hard time registering that. It was actually Barry Commoner's Third Law of Ecology. There's no such thing as spontaneous existence. That's what I've been trying to tell everyone all throughout this blog.
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Old 01-25-2011, 06:13 AM
 
Location: S.E. US
13,163 posts, read 1,685,003 times
Reputation: 5132
Quote:
Originally Posted by daugenstine View Post
How about just nationalizing all the universities and making them free so people won't have to live on welfare. .
Who is going to pay for it?

Liberals aren't the ones cutting funding for Medicaid and public schools in Texas. We have a Republican Governor doing that. .

And why aren't they? States have to cut too; they can't depend on bailouts by the rest of the country.
Besides, there undoubtedly are cuts that can and should be made within those areas. Both have some bloat in them.

He's also trying to pass a law requiring women to get a sonogram to have an abortion. So much for separation of church and state.

What has this to do with separation of church and state??? Any other medical procedure requires diagnostic tests, x-rays, scans. Why not this?

What I'd love is for us to cut the defense budget in half like Ralph Nader proposed. That would help pay a large chunk of our national debt right there.

Now you're mixing state and federal spending issues. Are you blaming the Governor of TX for the defense budget? Or, are you speaking of border security?

We don't need pork-barrel spending on defense.

Where DO we need pork-barrel spending?
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Old 03-18-2011, 02:59 PM
 
5,915 posts, read 4,810,471 times
Reputation: 1398
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Originally Posted by daugenstein2 View Post
THANK YOU!! I'm glad someone here understands the concept.
No, socialism does not pave our roads.
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