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

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

    Quote Originally Posted by ARealConservative View Post
    I don't believe that is true, and it certainly doesn't get the employer off the hook
    well, the fact is, because I was contributing more than 8% of my salary to my 401K plan, I didn't have to contribute to SS. That only was required when I started making contributions to my pension plan. But before then, SS was not a requirement due to my 401K.

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

    Quote Originally Posted by ARealConservative View Post
    in relation to investment strategy, it means they are idiots.
    and what if your employer has total control of your 401K?

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

    Quote Originally Posted by Thunder View Post
    WRONG.

    if you pay more than 7.5% of your salary into a 401k plan, you don't have to contribute to SS.

    from 2000 through 2004, I was NOT paying into SS cause I was contributing 7.5% to my 401K.

    No one forced RP to pay SS, no one forced him to request his SS benefits, and no one will force him to collect more benefits after he has received back what he put into it.

    basically, he's a hypocrite. Just like his son.

    Thats not true thunder...there are many people that must pay into SS...Public workers for one..doesnt matter if you have a private 401k

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

    Quote Originally Posted by Thunder View Post
    well, the fact is, because I was contributing more than 8% of my salary to my 401K plan, I didn't have to contribute to SS. That only was required when I started making contributions to my pension plan. But before then, SS was not a requirement due to my 401K.
    I don't think that has never been the law and you are cheating the system.

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

    Quote Originally Posted by Thunder View Post
    and what if your employer has total control of your 401K?
    they you are an idiot to spend a life time working for such a company, (but consider me skeptical)

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

    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?

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

    Quote Originally Posted by donsutherland1 View Post
    First, I never said that Rep. Paul has never introduced any bills. He has.

    Second, I stated that Rep. Paul offered no bills during the financial crisis. One can go to Thomas.gov and look up Paul's legislation during the September-October 2008 period when TARP was being devised and then debated. One will find that he introduced no alternatives.

    Third, I didn't go so far as to suggest that Rep. Paul is a hypocrite. I mentioned that what he says and what he does do not always match up. Moreover, I noted that he is just another political leader [in terms of stated views vs. actions]. There are good reasons why such differences exist and I don't necessarily condemn political leaders for such differences. My point is that Ron Paul should not be exalted as something special in the political arena. He isn't.
    So, basically, if Ron Paul is not "the best" then he is nothing special, and may be discounted as having no good plans, in any area of public policy, since he did not propose an alternate GOV'T solution in place of TARP. TARP was not "THE SOLUTION", it was the GOV'T solution offered for a PRIVATE/PUBLIC financial mess, largely created by the collapse of a gov't induced housing bubble. I note that you had NO reply for Obama, who continually bases the "Bush" tax rates yet keeps them as the "Obama" tax rates as well, that IS hypocracy, in its purest form. Hmm...
    Last edited by ttwtt78640; 06-21-12 at 12:52 PM.
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    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by donsutherland1 View Post
    You missed the point.

    If one wants to argue that he has no responsibility whatsoever for the fiscal deficits, then one should not partake in anything related to fiscal policy. That Rep. Paul has actively earmarked spending that contributes to deficits makes him indirectly responsible for the consequences of those expenditures.

    In terms of fiat currency, that has been in place well before Rep. Paul was elected to Congress. Paul's use of such currency is not the same thing as his earmarking. He has no alternatives over the former. If he lives and works in the U.S., he must use U.S. currency. He does have alternatives over the latter. He could vote against the spending and choose not to allocate such spending either via the earmarking process.
    Apples and oranges there as far as earmarks/spending. You misunderstand TOTALLY what an "earmark" is. An earmark is ONLY a specific use designation of ALREADY appropriated funds, it has ZERO effect on the spending total. Absent an earmark, the gov't entity receiving these SAME funds (the executive branch) is simply allowed to spend those funds as THEY wish, with no regard as to any SPECIFIC intent of congress.

    This is why the party with EXECUTIVE authority hates "earmarks" ONLY when the OTHER party controls the congress. Earmarks are nothing more than "specific use" spending instructions (from congress) for the allocated funds, they are BUDGET NEUTRAL since they neither increase nor decrease the total allocation.

    I think that ALL budget bills should be controled TOTALLY with earmarks, rather than let the executive branch direct them to places like Solyndra if they are in the mood. It is far wiser to prepare and supply a detailed grocery list than to simply send your buyer to the grocery store and say "get me $200 worth of food for the week".

    What Ron Paul is doing, is simply saying that he would rather spend less, but if it going to be spent anyway, at least spend some of it on what he considers to be worthwhile. ;-)
    Last edited by ttwtt78640; 06-21-12 at 01:22 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by roughdraft274 View Post
    Am I the only one here that thinks he is not being hypocritical at all here? He doesn't like the system, but if he has been forced to pay into it, I find no problem with him getting the funds back when they are due to him.

    And when he talks about weening young people off of it, he isn't talking about not getting the money that is owed to them, he only means that you should plan your retirement as if social security won't be there for you, which isn't terrible advice. SS is not meant to serve as someone's main source of income during retirement.
    Then we should all get our money back from the system. Every single person who has paid into it, should never be expect to not receive the money back plus interest. If Libertarians argue, no... the government can't afford to do that, then they support their definition of government theft

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

    Quote Originally Posted by winston53660 View Post
    Meh typical. Ayn Rand a heavy smoker took medicare after she developed lung cancer.
    That's not surprising

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