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Ignorant? Nice. I GUARANTEE I can make your head spin with my knowledge of the system. It is so much more complex than you can grasp. Your team oriented pep rally politics is the bottom of the barrel and has nothing to do with issues. You read from a script that includes put downs and you think you are so superior in your “knowledge”. Nice try
You are debating with yourself, first off I have no clue what “Townhall” is and Malkin is another Pep rally name calling b*tch who I can’t stand. I live in facts and numbers, not in reliving your high school days by putting you rivals down.
Do you even know that SS is now running an annual deficit 8 YEARS before its median projection and years earlier than the trustees “worst case” scenario?
Do you know what the median unemployment rate used for the future trust fund calculation is?
Do you understand that in the trust fund calculation using the prior “surplus” which is now held in non-tradable intergovernmental bonds doesn’t factor in the future tax or debt cost needed to redeem those bonds?
Do you know the historical years the trustee used to build their probability models? Do you know the banding they did on the historical economic numbers?
I am sure it makes you feel better to think I am some right wing conservative reading from a script, JUST LIKE YOU ARE. Sorry I am not.
Take your cheerleader dress off and join us in the real world.
Don't confuse a liberal with facts- they just hate that.
Most of them quit before 67 too, or 65 for that matter. Social Security was never meant to be the retirement plan for everyone and it shouldn't be counted on for that.[/quote]
That is true, but in reality, most American's do not save money for their reitirement. If they are not FORCED to "save" their money in the SS system, they will just end up on some other type of public assistance when they get old.....assistance that they have never even contributed to.
Sadly, way too many Americans live paycheck to paycheck and never save any money......for anything.
If they've got $$.....they spend it, hell, if they don't have $$ they spend it.
WHAT? so who exactly does pay for public assistance if not the working taxpayer
I don't put any value in your right wing propaganda. I get my information from the SS Trust fund website, and objective newspapers of record.
You get your information from right wing sources that feed your uncritical, unquestioning mind, twisted half truths about SS.
They dumb down these myths so lazy uneducated whites think they have the facts.
Well try this right wing fact: for the first time since SS came into existence the program will pay out more in benefits than it takes in SS taxes. And the baby boomers are just now beginning to retire. But, hey, it's really not a problem if you can manage to keep your head in the sand.
Congratulations all you age age 50 and below folks.
You voted the GOP in. You'll likely be working to age 70 now before your benefits kick in.
Is it really so hard to understand that if nothing is done then there won't be any SS whatsoever in 12-18 years. The average lifespan of a person when SS began was late 50s, so 65 is what they set it at. Get it? Above the average lifespan. The life span today is more than 20 years longer, so why not raise it by just 5?
You people like to revise the meaning of everything else, why not revise this? It's one revision that makes perfect sense.
WHAT? so who exactly does pay for public assistance if not the working taxpayer
What I am trying to say is, if we do not force people to pay into SS and help contribute to their own retirement......we will have people that get old and depend on the taxpayer to take care of them.
Instead of paying SS tax, for example, the taxpayer would still end up paying a "Senior Welfare Tax".
Let's say you save for YOUR retirement and have a nice portfolio built up.......then, the first wave of people who don't save and don't have SS get old and are destitute.......guess we will have to raise the capital gains taxes {among others} to put them all on "Senior Welfare". See what I am getting at?
It is a catch 22.....pay now or pay later.....but you will pay.
The haves have to care for the have nots........this is America!
Man I hope you don't lose your job when your 65? Do you think companies like to hire 65 year olds?
Do any of you have kids? How are you able to look them in they eye?
* SS is a well managed program . It only has a 1% administrative costs.
* It has a small long term deficit that could be corrected with minor tax increases.
* The small deficit that it does have is almost a non-factor in the budget deficit. Cutting your benefits will barely make a difference in the deficit.
[The stupidity of the average American voter should be studied by poltical scientists the World over. It's epic in proportions.]
it makes sense
if you we born after 1970 raise it to 70
if you were born after 1980 make it 75
why keep it at such a low number... my uncle was still climbing ladders at 88 years old
Is it really so hard to understand that if nothing is done then there won't be any SS whatsoever in 12-18 years. The average lifespan of a person when SS began was late 50s, so 65 is what they set it at. Get it? Above the average lifespan. The life span today is more than 20 years longer, so why not raise it by just 5?
You people like to revise the meaning of everything else, why not revise this? It's one revision that makes perfect sense.
it does make sense....but the whiney left wont have it
why not just make a MANDITORY (with matching) 7% 401k on top of the other 401k, and left the INDIVIDUAL control it...let us control our OWN MONEY...........what a thought
I can't say I have all that much of a problem with this. Do that, raise (or better, eliminate) the cap on FICA taxes, and a couple other minor things, and SS is viable for a long time to come, and it will have a big impact on our budget deficit.
Now just raise income taxes back to the Clinton levels for anybody with income above $250,000 per year, close some loopholes, cut the defense budget and we'll be most of the way there to balancing the budget.
Quote:
raise (or better, eliminate) the cap on FICA taxes
raising the cap will make things worse..the cap on intake have EVERYTHING to do with the PAYOUT
raise the cap will take more in...but also pay much more out...causeing insolvency to happen quicker
Quote:
Now just raise income taxes back to the Clinton levels for anybody with income above $250,000 per year
why 250k...why against the middleclass
years ago the top bracket was on the rich...as defined back then was on houshold income of over 400k...3.5 million in today's dollars
raising the cap will make things worse..the cap on intake have EVERYTHING to do with the PAYOUT
raise the cap will take more in...but also pay much more out...causeing insolvency to happen quicker
How about we make it then that money above that cap collected in FICA taxes are used for the general SS fund, rather than being counted towards a later payout?
Quote:
why 250k...why against the middleclass
years ago the top bracket was on the rich...as defined back then was on houshold income of over 400k...3.5 million in today's dollars
dont hurt the 250k middleclass
We've had this conversation before. You think that somebody with a higher annual income than about 98% of the rest of the country is middle class. I disagree. But heck, how about keep all income taxes the same, but raise them slightly above the Clinton levels for those making, say $2 or $3 million per year in income?
Quote:
yes cut defense...but cut WELFARE first...
Unless you're counting SS and Medicare as welfare, the defense budget is significantly more of an issue than welfare. Let's prioritize here.
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