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Thread: The results are in on social security

  1. #241
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    Re: The results are in on social security

    SS is almost tolerable. It taxes fairly regressively, but provides progressive benefits. It's intended to be a social safety net, for people who didn't establish a retirement income source.

    Low income people get far more out of it for every dollar put in, than someone more well off. This approaches ideal. Just as a flat tax is more socially justified even though a flat tax will *still* greatly subsidize lower income, i.e. pay out benefits on a progressive scale. This, we can wrap our heads around.

    If you can't make do with the original 3% we were told it would be...well, you're 6.2%, doubled, 12.4% (well less right now for employees). Surely that's enough.
    If it's not, fix your spending. Percentage is already adjusted to account for inflation because wage base is moved up in a practical way and it's a percentage of wage base. A percentage already increases with salary norms AND with the economy as it grows. There is no need to keep tacking on extra percentages as a means to keep up with growth. Get ahold of your corruption, fraud, tighten means testing, push back in some areas on states, etc. Keep your costs in line with your program.

    Now, the idea of "popping the cap". Sounds catchy right? Just a flick of the thumb...POP! Easy peasy? No, it's absolutely absurd to suggest.
    Someone making $5M a year putting $500K into a "safety net", and getting a tiny fraction of that back out, is ridiculous. Wage base exists because it's part of why social security makes *some sense*. Without wage base, it's ludicrious, unjustifiable, and wrong.

  2. #242
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    Re: The results are in on social security

    SS didn't fail in collecting enough money to pay the benefits promised, it is only short of funds for future benefits in 2036 or so because its funds have been used to offset the cost of our unfunded ME wars among other things because of insufficient tax revenues.

    Either raise the cap on FICA funds to help pay that back or eliminate the tax cuts for the wealthy and begin to repay the money taken from the SS trust funds. Both of those methods actually address the cause of the SS problems.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #243
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    Re: The results are in on social security

    Quote Originally Posted by Catawba View Post
    SS didn't fail in collecting enough money to pay the benefits promised, it is only short of funds for future benefits in 2036 or so because its funds have been used to offset the cost of our unfunded ME wars among other things because of insufficient tax revenues.

    Either raise the cap on FICA funds to help pay that back or eliminate the tax cuts for the wealthy and begin to repay the money taken from the SS trust funds. Both of those methods actually address the cause of the SS problems.
    that and end these unnecessary wars of choice so that we can once more enjoy the peace dividend
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: The results are in on social security

    Quote Originally Posted by justabubba View Post
    that and end these unnecessary wars of choice so that we can once more enjoy the peace dividend
    Agreed, they should never have been started. Especially without a source of funding other than robbing the SS funds and National debt.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: The results are in on social security

    more presidential leadership, today: Debt Talks Turn to Social Security Cuts - Bloomberg

    must be those wars of choice

    how's libya these days, libs?

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    Re: The results are in on social security

    Quote Originally Posted by The Prof View Post

    how's libya these days, libs?
    Same as it was, a NATO action that Congress supports, otherwise they would have taken a vote against it.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  7. #247
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    Re: The results are in on social security

    oh, absolutely, libya is HARRY REID'S WAR

    LOL!

    live it

    party on, peaceniks

    and CUT that social security, now

    deep

    think andrew cuomo, jerry brown...

  8. #248
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    Re: The results are in on social security

    Quote Originally Posted by haymarket View Post
    93% of Americans are currently taxed on 100% of their income for FICA. All need to be.

    cpwill - your comment ignores the reality that nearly everyone who suggests popping the cap also couples it a benefit freeze at todays levels plus inflation.
    which is reducing expenditures which I agree will have to happen. but only popping the cap get's you the damage of increased taxes without the benefit of a solvent entitlement.

  9. #249
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    Re: The results are in on social security

    Quote Originally Posted by The Barbarian View Post
    and just like I said .. the very first solution to every problem by the liberals is to tax more .. and if that don't fix it .. why tax some more ...that's why I find it hard to discuss anything with liberals .. they have NO other fixes .. and anyone that does it nuts ..
    Do you ever post anything other than your opinions?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  10. #250
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    Re: The results are in on social security

    Quote cpwill

    then i don't know what you're reading, but it's crap.
    Most working people have seen their wages go in reverse during the great bush recession,they donít have a snowballs chance in hell of reaching the cap anyway. Those who do reach the cap can easily afford to cough up the dough because they are the only ones that have seen an increase in wages.


    even the AARP is now admitting that there is no way to tax our way to paying for Social Security, and expenditures will have to be reduced.
    As a proud dues paying member of "the AARP", I would appreciate it if you would be so kind as to show me where they said ďthat there is no way to tax our way to paying for Social Security ď.


    especially since benefits are built in "contributions" which means that the more you take in in taxes, the more you owe out in benefits. you aren't fixing the problem, you're just making the numbers (somewhat) bigger.

    They used the money and left a pile of IOU.s .A friggen deb,t is a debt, be it to China, Saudi Arabia,Japan.....In this case the promise was made.In some cases a half century ago; now your OK with wanting to to renege on A promise to our seniors(who paid the into SS their whole working lives ).


    Your ok with paying debts that we borrowed as long as we donít to increase the tax load of the people that have seen their wages ACTUALLY INCREASE during the recession.

    Gotta keep them subsides for them oil companies rolling in, otherwise they wont be able to claim the title of the most profitable CORPS. On this little speck of dust in the cosmos that we call planet earth.


    Actually, I think that if they would lower the that would entice more of us geezers to retire earlier and make many more good paying jobs available for younger folk.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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