View Poll Results: How Do You FIx Social Security?

Voters
24. You may not vote on this poll
  • Raise FICA tax to 14.6 %

    2 8.33%
  • Raise elegebility age

    6 25.00%
  • Eliminate or raise earning cap

    7 29.17%
  • Reduce payments to wealthy retirees

    9 37.50%
  • Adjust COLA system to reduce annual raises

    1 4.17%
  • Other, please specify

    8 33.33%
  • Eleminiate Social Security entirely

    8 33.33%
Multiple Choice Poll.
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Thread: Fixing Social Security

  1. #21
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    Re: Fixing Social Security

    Quote Originally Posted by liblady View Post
    i disagree. i think we should eliminate the cap on earnings and raise the actual tax, at least back to where it was. we should also means test for SS recipients, on a progressive scale.
    The ones that dont need social security do not want it fixed and there can be no reasoning with them...they want everything abolished because they are fortunate enough not to need it and they dont want to pay a nickle in taxs...Id agree with that if all the rich men and their sons were fighting all our wars...Oh I forgot the lower and middle class's do that too.

  2. #22
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    Re: Fixing Social Security

    I think you touched on most of the best ideas in your poll options...my ideal plan for social security basically consists of all the things you mentioned. While I do support raising taxes to pay for SS (both the percentage and the cap), I thought that 14.6% was a bit too excessive for me to vote for that option. The cap is more important than the rate...the rate probably only needs to be raised by 1-2% or so.
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  3. #23
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    Re: Fixing Social Security

    Quote Originally Posted by Blue Dog View Post
    A ponzi scheme should not be fixed, it should be dismantled.
    The best part of this is that they can't fix it. Its a ponzi scheme and no matter what they do it will die a ponzi schemes death. I find this all to hilarious.

    what people need to do...wait for it...is..

    Invest their money.

  4. #24
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    Re: Fixing Social Security

    Quote Originally Posted by lpast View Post
    The ones that dont need social security do not want it fixed and there can be no reasoning with them...they want everything abolished because they are fortunate enough not to need it and they dont want to pay a nickle in taxs...Id agree with that if all the rich men and their sons were fighting all our wars...Oh I forgot the lower and middle class's do that too.
    Wait, are so you are saying the rich don't volunteer for service? Does that mean everyone that is rich that does is doing it wrong?

  5. #25
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    Re: Fixing Social Security

    pop the cap while freezing benefit levels plus a modest inflation allowance

    93% of Americans pay FICA on 100% of their earnings. That figure should be 100% of Americans.
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  6. #26
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    Re: Fixing Social Security

    I'd with something that has been shown to work better.
    The Chilean private pension system, while having it's problems, is a better place to move the nation towards.

    It actually invests the money in income producing assets.
    It provides a basic framework to start with.
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  7. #27
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    Re: Fixing Social Security

    Quote Originally Posted by Chappy View Post
    Wrong. Your comments demonstrate you actually don't understand Social Security. It's not a savings plan. It's an insurance program. Again, the program doesn't run into shortfalls for a quarter century and even then it's able to pay the overwhelming majority of its obligations. Slight modifications will assure its solvency for many decades to come.
    this is incorrect. it's not an insurance program (it is supposed to act like one). it is a tax program. thus sayeth the law thus sayeth the FDR administration and thus sayeth the Supreme Court.

    furthermore, Social Security has already run into shortfalls - and the CBO says this is now a permanent feature of the program. The only way Social Security remains solvent and structured as it currently is would be if we got rid of Medicare. But we are rather unlikely to do that, and so Social Security will never be able to draw from the General Fund the way it would need to in order to survive.

  8. #28
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    Re: Fixing Social Security

    For those under 40 - I'd support removing SS altogether as an option. Have the government pay out what was paid in for the < 40 crowd and let people invest it - OR - leave it right where it is.

    If they leave it, raise the age to 70 years old for retirement BUT, pass an amendment or some other permanent legislation that cannot be subverted by Congress or the President which makes it impossible for SS dollars to be used for ANY executive or legislative project other than, Social Security. It would need to be "untouchable".
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  9. #29
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    Re: Fixing Social Security

    How about just mandating that people invest in a retirement plan. It doesn't have to be social security. The government could set up a system of rating funds or stock if they want to provide some guidance. Or better yet, teach mandatory courses in economics and investment in high school.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  10. #30
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    Re: Fixing Social Security

    Quote Originally Posted by haymarket View Post
    pop the cap while freezing benefit levels plus a modest inflation allowance

    93% of Americans pay FICA on 100% of their earnings. That figure should be 100% of Americans.
    No, if the wealthy get less, then they should pay less.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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