Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitutiona

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

lpast said:

I bristle when people say that if your collecting social security your sucking the govts teat and your this and that...

I paid social security from the day I started working and I had no choice, I could not invest that money in anything else and there were no 401ks.....I paid for the generation before me to have it...I paid it over 45 yrs....Im not the one getting a free ride
Its all the YOUNG non veterans that are on it that are sucking the govts teat...they paid nothing into it

Click to expand...

Good post. I too am amazed that people believe that taking the FICA money from everyone is fine but that those, lucky enough to live long enough to collect, are "free loading" when they accept their EARNED SS retirement benefits. Another goofy thing is trying to equate $1 paid into the SS fund in 1970 as "offset" by receiving that same $1 back in 2020 as part of a SS retirement benefit payment. That 1970 $1.00, even without considering ANY compound interest effect, is worth perhaps $7.50 in 2020 "dollars" when merely adjusted for inflation.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

SheWolf said:

lol... Obama would pay more taxes on his tax plan than he would under Romney's. What do you want wealthy liberals to do? That's like arguing "if you're so worried about the debt, then why haven't you personally donated your money to the government.... you must be a liar and hypocrite."

Click to expand...

I could care less what wealthy liberals do, what I would like to see, is people like the op apply the same idiocy to Obama.

If Obama thinks people like him should pay more, what is stopping him? This is the exact same mindset the op is using questioning why Paul doesn't simply stop receiving the benefits he doesn't think should exist.

Obama doesn't think the benefit of a lower tax should be applicable, yet he continues using it.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

lpast said:

I can hear the libertarians
Hes "ENTITLED" to it he paid into it
They stole his money, he should want to get it back and blahblahblah....heres what I say


PHONY!!!!!!!!!! PHONY!!!!!!!!!!!PHONY!!!!!!!!!!! lol



Rep. Ron Paul (R-Texas) may rail against Social Security insolvency in the public eye, but that hasn't stopped him from accepting the government checks.
The libertarian-leaning Republican and former presidential candidate admitted Wednesday that he accepts Social Security checks just minutes after he called for younger generations to wean themselves off the program, in an interview on MSNBC's "Morning Joe."


Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitutional

Click to expand...

So you believe that he should give his money away? Is that it? Did he have the option to not pay into it? How about the people that never paid into it, are they hypocrites for collecting it?

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

lpast said:

I bristle when people say that if your collecting social security your sucking the govts teat and your this and that...

I paid social security from the day I started working and I had no choice, I could not invest that money in anything else and there were no 401ks.....I paid for the generation before me to have it...I paid it over 45 yrs....Im not the one getting a free ride
Its all the YOUNG non veterans that are on it that are sucking the govts teat...they paid nothing into it

Click to expand...

I bristle that you guys never did anything to make it solvent and now want us to figure it out and pay for it.

Aberration said:

I bristle that you guys never did anything to make it solvent and now want us to figure it out and pay for it.

Click to expand...

What do you mean 'you guys'? Who are you voting for? Cuz...guess who's job it is to 'do something'....

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

I bristle that bristle because I paid in $180,000.00 including my earliest dollars in 1957 which were worth far more than this crap FRNs that I'm getting paid back in. I'm guessing that you've paid in damn near nothing yet you're busy bristling about it.

Aberration said:

I bristle that you guys never did anything to make it solvent and now want us to figure it out and pay for it.

Click to expand...

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Thunder said:

This is what my 401K plan says:

DCP as an Alternative to Social Security Tax (FICA)
Under certain circumstances, City employees may be able to substitute their mandatory Social Security tax for membership in DCP if they contribute 7.5% or more of their adjusted gross income to the Plan.

Advantages of DCP
The City’s Deferred Compensation Plan is a tax-favored retirement account into which a portion of a participant’s earnings is deposited. Eligible employees can agree to deposit at least 7.5% of his/her compensation into either the 457 Plan or the 401(k) Plan, and then not have his/her compensation be subject to social security taxes

now, I can't believe this is only for NYC govt. employees. We don't get special privelages from the IRS or Dept. of Labor.

do we have any financial or retirement experts out there?

Click to expand...

Certain municipalities have age old exemptions from SS.
I believe there are a couple of towns in Texas that have this as well.

Generally, for the rest of the population of the U.S, you can't be exempt from SS, no matter your 401k contributions.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Thunder said:

and what if your employer has total control of your 401K?

Click to expand...

Umm how do they have "total control?"

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

lpast said:

People that work everyday and dont make alot of money...invest in 401ks and can invest in 401ks for decades and when they are near retirement lose it all....ask WorldCom and Enron employees. Many people invest and LOSE everything...does not mean they are idiots...

Click to expand...

Yes it does, especially if they invest in only company stock, or in a small amount of individual stocks, or they didn't adjust their allocation based on their age.

All these people near retirement that saw their account values drop, should have already seen it near completely recover, unless they were very stupid and sold it all.
Not only that, being that close to retirement, they should of been into mostly bonds, which wouldn't have experienced that same drop.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

I'm no Ron Paulite, I think he's a little nutty. I remember reading his newsletters way back when, and the man is fricking nutso. But here, it's not hypocritical. He paid into the system, and AFAIK has not received back near what he's paid in.

You can hate taxes, not believe they should exist in a perfect world, and still pay them and cash your rebate check without being hypocritical.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Howler63 said:

This bolsters my earlier point about Ron Paul not being the leader the Libertarians need to break the duopoly of the two party system.

If you talk the talk, you must walk the walk.

Click to expand...

I'm on the fence about this. On the one hand, he does rail against it. It's supposed to be part of his core being, so to speak. One would think he would walk the walk.

On the other hand, I sure as hell will take a benefit even if I disagree with it. For example, I favor repealing the home interest deduction (as part of a larger tax overhaul), but... as long as it is legal I sure as hell take it every year, and happily. So, in that sense, I'm not sure I see a contradiction.

Then again, I'm not running for a leadership position, either.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

I like Ron Paul, and would vote for him over Romney or President Obama, but he is being hypocritical. Remember, he's a Constitutionalist. He is not perfect. We're human.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

haymarket said:

Another typical right libertarian who opens his mouth wide to scream about all the injustices of living in a society such as ours but more than eager and willing to partake and enjoy the benefits of the same.

Ron Paul is scum.

Click to expand...

Totally unlike those in your state that cry about the injustices and rasicm around them and have their hand out for ever more Fed giveaways.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Aberration said:

I bristle that you guys never did anything to make it solvent and now want us to figure it out and pay for it.

Click to expand...

We the payees had nothing to do with making it solvent or unsolvent...see all we did was go to work everyday and pay our social security on every payday and we had no choice...IT WAS LAW AND MANDATORY...aside from that both republicans and democrats robbed the social security fund year after year and put that money in the general fund so they could squander it....the people that WERE FORCED to pay into social secuirty for 40 plus years are VICTIMS not lazy no good bums with their hands out...thats just a a far right BS story to get the rich another big tax cut and make us pay for it

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

I think it's very easy to attack SS when you're receiving it but what about those like myself who are currently paying into it and would be affected if it were to be done away with. What then? Sorry but you paid into SS for nothing? Piss off.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Hatuey said:

I think it's very easy to attack SS when you're receiving it but what about those like myself who are currently paying into it and would be affected if it were to be done away with. What then? Sorry but you paid into SS for nothing? Piss off.

Click to expand...

I dont know of too many serious minded people that believe it should just outright be eliminated and people that have paid into it are just SOL. That doesnt mean there should be SERIOUS reform and revision. Unfortunately both major political parties care far less about ensuring the system is secure and improved than they do about using it to garner votes.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Hatuey said:

I think it's very easy to attack SS when you're receiving it but what about those like myself who are currently paying into it and would be affected if it were to be done away with. What then? Sorry but you paid into SS for nothing? Piss off.

Click to expand...

This is simple Hatuey, the corporate interests went on a 20 yr attack starting with Reagan on Private Sector pensions, because wall street could not control that money. They conned america into believeing 401ks were better for them. At first employers graciously matched dollar for dollar what you put into your 401k to GET YOU TO CONVERT and give up your guaranteed pension, most contribute NOTHING now. Then wall street had access to BILLIONS of dollars to manipulate and steal that they didnt have before..and the stock market soared. The last bastions of money wall street cannot control is public employee pensions and SS funds...THEY WANT IT...they want to convert SS into guess what ? privated invested saving s accts so WALL STREET can manipulate that money....now further
When private sector pensions were guaranteed under law if you worked for years for a company you knew at the end of your career you were getting this amount of money...it was guaranteed you could depend on it at 65...with 401ks is your company screws you ...you get nothing WORLDCOM and ENRON for just a couple thousands upon thousands of employeses many already retired LOST THIER PENSIONS and had NOTHING...70 yr olds lost their 401k income. If you ready to retire at 65 like right now you lost a FORTUNE on your 401ks...you cant determine when to turn 65 so you can retire with your 401k intact.

They just BS america and when you tell these supposed conservative genius' on political forums...they call you names and make excuses for the con job...their favorite line is YOU KNOW NOTHING ABOUT ECONOMICS..like they do right ? rofl....then why arent they on wall street making gadzillions pfffffffffffft....Any of these rich and corporate jock supporters that arent making over 250k or more...are slicing their own throats...

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

washunut said:

Totally unlike those in your state that cry about the injustices and rasicm around them and have their hand out for ever more Fed giveaways.

Click to expand...

Instead of making some vague and nameless accusations, perhaps you could be more specific and put some actual names and actions with your allegations.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

VanceMack said:

I dont know of too many serious minded people that believe it should just outright be eliminated and people that have paid into it are just SOL. That doesnt mean there should be SERIOUS reform and revision. Unfortunately both major political parties care far less about ensuring the system is secure and improved than they do about using it to garner votes.

Click to expand...

And what in your opinion would constitute SERIOUS reform and revision of Social Security?

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

haymarket said:

And what in your opinion would constitute SERIOUS reform and revision of Social Security?

Click to expand...

Serious reform to the far right is to reform social security and medicare anyway wall street can get control of the money and manipulate for more profit at our expense of course...theyve already done that successfully to the private sector.
I find it amazing that everytime wall street, the corporate interests and the rich want something MORE from us...its always under the pretenses...We cant afford to give to you anymore but we can afford to take and give ourselves another tax cut...Or YOU WILL BENEFIT SO MUCH BY LOSING YOUR GUARANTEEs and trusting us with your money...were the experts...and it will all trickle down on you...only after I give it an extra shake or two at the commode...pffffffffffffffffffft

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

Social Security is mandatory.

It's not like Paul can simply get off SS, especially at this age. He could return the money but at past 70 you automatically get distributions. At least that's what I understanding.

Paul's not a hypocrite for getting distributions he has to take.

haymarket said:

And what in your opinion would constitute SERIOUS reform and revision of Social Security?

Click to expand...

Increasing retirement age, increasing contributions, Allowing for one time buy outs with penalty, allowing for individual investment of a percentage, etc.

Re: Ron Paul Admits He's On Social Security, Even Though He Believes It's Unconstitut

VanceMack said:

Increasing retirement age, increasing contributions, Allowing for one time buy outs with penalty, allowing for individual investment of a percentage, etc.

Click to expand...

You forgot means testing. I know it is not popular now, but would be one way to reduce expenditures.