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Old 05-15-2013, 04:37 PM
 
Location: San Diego, CA
10,581 posts, read 9,782,576 times
Reputation: 4174

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Should we cut socialist programs like Medicare and Social Security?


No. The government made promises to the people now receiving (or soon to receive) benefits from those programs, and govt cannot stiff them on those promises.

Instead, we should legislate a gradual wind-down of the programs, such that:

1.) Retirees and others receiving benefits, get the same benefits as they would if no changes are made;
2.) Middle-aged people who have planned their lives around promises of receiving benefits, get the same benefits as if they were to stop making payments into those programs today, and then would get the same (reduced) benefits when they are old enough.
3.) The youngest adults who have not started making payments into those programs, will neve make any. And forty-plus uyears from now when they would have been eligible to draw benefits, they never get any. They have forty-plus years to save the money they would have paid in, and make plans for what they will do in forty years.

If people would like to set up a SS-like or Medicare-like program with their state government, they certainly can, since (unlike the Fed govt) it is not unconstitutional for STATE governments to run such programs.
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Old 05-15-2013, 04:38 PM
 
Location: Sonoran Desert
39,078 posts, read 51,224,761 times
Reputation: 28324
Quote:
Originally Posted by Oldglory View Post
Neither SS nor Medicare are Socialist programs. We pay into those programs all our working lives.
Well it may come as news to you but the money is gone, the piggy bank in empty. Bush spent your nest egg on two wars we didn't need.
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Old 05-15-2013, 04:41 PM
 
Location: Great State of Texas
86,052 posts, read 84,472,986 times
Reputation: 27720
Quote:
Originally Posted by Ponderosa View Post
Well it may come as news to you but the money is gone, the piggy bank in empty. Bush spent your nest egg on two wars we didn't need.
It's non negotiable Treasury bonds..basically IOUs from when Congress actually "borrowed" the money to put into the General Fund for spending.
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Old 05-15-2013, 04:43 PM
 
11,768 posts, read 10,261,651 times
Reputation: 3444
Quote:
Originally Posted by Oldglory View Post
Then take it up with our government who has been sending monthly checks to our reitirees for eons if you have a beef with it. How do you propose we take care of our senior's health isssues? Just let them die? I guess you're life is worthless unless you are of a young working age?

And no SS is not a moral right it is a legal right. It's OUR money.
They have the same right to healthcare as anyone else does. There is no right to ever have anything for free though. Boomers acted irresponsibly and helped pass unfunded benefits, but eventually the bill is going to come due. If boomers want to keep medicare then the only way to keep it is either a voucher system or by limiting how much can be spent (ie: no deficit spending). Otherwise the system will be insolvent before the end of the decade.

The U.S. Supreme Court already ruled that there is no legal or contractual right to SS money. If the government decided to stop paying out claims tomorrow then they could legally do so. Here is the court case on the SSA's website if you would like to read it. http://www.ssa.gov/history/nestor.html
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Old 05-15-2013, 04:47 PM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Yes, we should eliminate Social Security and Medicare so that we can lower the taxes of rich people who can afford their own retirement and medical care.

Oh wait, both programs are paid from a dedicated tax on workers and Social Security hasn't contributed one penny to the deficit. Anyone claiming otherwise doesn't know what they are talking about.

There is a reason why these are called entitlements. I paid for them, so I am entitled to collect on them.
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Old 05-15-2013, 04:47 PM
 
Location: Sonoran Desert
39,078 posts, read 51,224,761 times
Reputation: 28324
Quote:
Originally Posted by Little-Acorn View Post
Should we cut socialist programs like Medicare and Social Security?


No. The government made promises to the people now receiving (or soon to receive) benefits from those programs, and govt cannot stiff them on those promises.

Instead, we should legislate a gradual wind-down of the programs, such that:

1.) Retirees and others receiving benefits, get the same benefits as they would if no changes are made;
2.) Middle-aged people who have planned their lives around promises of receiving benefits, get the same benefits as if they were to stop making payments into those programs today, and then would get the same (reduced) benefits when they are old enough.
3.) The youngest adults who have not started making payments into those programs, will neve make any. And forty-plus uyears from now when they would have been eligible to draw benefits, they never get any. They have forty-plus years to save the money they would have paid in, and make plans for what they will do in forty years.

If people would like to set up a SS-like or Medicare-like program with their state government, they certainly can, since (unlike the Fed govt) it is not unconstitutional for STATE governments to run such programs.
Yes. Keep paying you and screw the ones who have to pay. Love you boomers! Call an end to it now. Cut SS in half each year and eliminate it in 5. If you haven't died by then, you can find a job. And no more medicare. It is a waste of money keeping old people alive. Keep taxing for SS until the bonds are paid off.
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Old 05-15-2013, 04:49 PM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by lycos679 View Post
They have the same right to healthcare as anyone else does. There is no right to ever have anything for free though.
It's not free, seniors paid for the privilege all their working lives.
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Old 05-15-2013, 04:50 PM
 
62,944 posts, read 29,134,396 times
Reputation: 18578
Quote:
Originally Posted by lycos679 View Post
They have the same right to healthcare as anyone else does. There is no right to ever have anything for free though. Boomers acted irresponsibly and helped pass unfunded benefits, but eventually the bill is going to come due. If boomers want to keep medicare then the only way to keep it is either a voucher system or by limiting how much can be spent (ie: no deficit spending). Otherwise the system will be insolvent before the end of the decade.

The U.S. Supreme Court already ruled that there is no legal or contractual right to SS money. If the government decided to stop paying out claims tomorrow then they could legally do so. Here is the court case on the SSA's website if you would like to read it. Social Security Online History Pages
Oh stop blaming the baby boomers. It is liberalism and real socialism that is killing this country today and most baby boomers I know of are conservatives. They paid their dues a long time ago opposed to the freeloading socialists of today.
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Old 05-15-2013, 04:51 PM
 
11,768 posts, read 10,261,651 times
Reputation: 3444
Quote:
Originally Posted by MTAtech View Post
Yes, we should eliminate Social Security and Medicare so that we can lower the taxes of rich people who can afford their own retirement and medical care.

Oh wait, both programs are paid from a dedicated tax on workers and Social Security hasn't contributed one penny to the deficit. Anyone claiming otherwise doesn't know what they are talking about.

There is a reason why these are called entitlements. I paid for them, so I am entitled to collect on them.
Actually, the taxes would primarily be cut by 15.3% on people making less than $113K, above that amount you only have to pay medicare tax. There is no legal entitlement to SS or medicare, NONE.
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Old 05-15-2013, 04:51 PM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by Oldglory View Post
Oh stop blaming the baby boomers. It is liberalism that is killing this country and most baby boomers are know of are conservatives.
Not in these parts.
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