I, for one, do not want it in the hands of Wall Street thieves. I also want to see it insulated from political fools who think they are smarter than everyone else.
I guess I should not worry after all I heard the Repubs claiming that unemployment is caused by the deficit and that employers have been waiting for deficit reduction to start hiring. I can almost hear the jobs that have been moved overseas coming back to America. You know jobs create new revenue so now that we have a deficit reduction plan that will create jobs our economy should be booming in no time at all
Again...the OP had nothing to do with senior citizens.
Last edited by SheWolf; 08-03-11 at 07:19 PM.
The Ryan plan provides an opt out which reduces the fund that has made SS one our most successful programs, and "The plan, by Rep. Paul Ryan (R-Wis.), would reduce benefits by gradually raising the retirement age and gradually trimming benefits for the top 70 percent of earners."
"Together, the two provisions would slice initial benefits by about a quarter for middle-income Americans who turn 65 in 2050, according to the analysis."
Republican Rep. Ryan's Social Security plan would cut benefits for high earners
"Republicans’ Spending Cap Proposal Means Cuts to Social Security, Medicare & Medicaid"
Republicans' Spending Cap Proposal Means Cuts to Social Security, Medicare & Medicaid | West Orlando News Online 2011® Central Florida News, Info, Sports
"Republicans are now going where voters warned them not to go: A “voluntary” privatized version of the 2005 program called the Savings Account For Every American Act. (Where do they get these names?)"
"The legislation, introduced last Friday by Representative Pete Sessions of Texas, the chief Social Security Chicken Little, would allow wage earners to immediately opt out of Social Security in favor of a private “S.A.F.E.” account."
The New GOP Plan To Destroy Social Security | The Moderate Voice
"As part of the debt ceiling battle, Speaker Boehner introduced a plan that would cut $1.5 trillion from Social Security and Medicare."
Republican budget plan slashes Medicare, Social Security, creates poverty
"Republican Leader Eric Cantor (VA-07) said that “we have to come to grips” with the fact that Social Security “cannot exist” any longer. House Republicans have begun pushing forward on budget proposals that include privatization of Social Security on Wall Street and cuts to benefits for senior citizens. Recently, House Speaker John Boehner called for cuts to benefits."
Republican Leader Eric Cantor Says He Opposes Keeping Social Security Around | American Patriot Today
Last edited by Catawba; 08-03-11 at 10:59 PM.
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
What gets me is those in favor of privatization of Social Security say the reason for doing so is that the current system is "too" safe and much more money can be made by turning it over to Wall Street. If this is the case, why do they always, usually in the same breath, say that benefits must be cut? According to them turning it over to Wall Street will make money fall out of the sky. And it probably would, for their buddies on the Street, that's why benefits would need to be cut, those guys sure don't work cheap.