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Thread: Next in Line for a Bailout: Social Security

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    Slick Willie was operating under a surplus when he was done. There was no need to dip into the SS fund. The deficits of the last 9 years depleted the SS fund.
    The surplus was because he used SS. 50+ years of stealing SS depleted it. Democrats had the majority for 40 years and spent plenty of SS

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by ptif219 View Post
    The surplus was because he used SS. 50+ years of stealing SS depleted it. Democrats had the majority for 40 years and spent plenty of SS
    That's right. If you don't include the SS funds, he never had a surplus.

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    Re: Next in Line for a Bailout: Social Security

    In order for SS to survive, benefits must be cut. I wonder if anyone has the courage to do that?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    In order for SS to survive, benefits must be cut. I wonder if anyone has the courage to do that?
    We could increase FICA.

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by reefedjib View Post
    We could increase FICA.
    Yes we probably should do both
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    In order for SS to survive, benefits must be cut. I wonder if anyone has the courage to do that?
    Or change the tax structure

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    Unlike you, I have prepared for my retirement so I do not need SS. I don't plan on signing up for it until I am in my 70s.
    You don't even know me and have no clue what my income is...........Lets just say I started drawing SS at age 70.......You may not draw it at 70...They might raise the age on you.......
    "God Bless Our Troops in Harms Way."

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Captain America View Post
    I heard the GOP guys on TV the other day talking about people under the age of 55 might have to accept a restructuring of SS. (read: cuts.)

    The TV pundit TRIED to get him to say "cuts" but the politician wouldn't go there. He skated around it.

    I don't trust the democrats with much. But I trust them a helluva lot more than I do the republicans when it comes to entitlements like SS. The DNC claim to fame is government cheese. The GOP's claim to fame is "**** you. I got mine!"
    Its political suicide to cut SS benefits and the democrats and the republicans know that.........Your real only option is to raise the age limit and stop early payment at 62........
    "God Bless Our Troops in Harms Way."

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by ptif219 View Post
    The surplus was because he used SS. 50+ years of stealing SS depleted it. Democrats had the majority for 40 years and spent plenty of SS
    Actualy the last two years of the Clinton admin, they did not use the SS surplus ( the government had a surplus over and above that of the SS)

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by reefedjib View Post
    We could increase FICA.
    Like **** we can! I'm a business operator and the last thing I want to do is pay more when matching funds paid on my employees.

    As a business owner I don't get a single benefit from paying that money and sure as hell can't write it off my taxes.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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