View Poll Results: Should Social Security Retirement be increased?

Voters
35. You may not vote on this poll
  • Yes!

    17 48.57%
  • No!

    7 20.00%
  • It should be eliminated!

    7 20.00%
  • Switch Congressional Retirment to Social Security!

    13 37.14%
Multiple Choice Poll.
Page 1 of 8 123 ... LastLast
Results 1 to 10 of 76

Thread: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

  1. #1
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Today @ 06:34 PM
    Lean
    Conservative
    Posts
    7,302

    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate


    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    "On the issue of the Chained-CPI, which Obama is reportedly advocating for, The Nation figures that a conservative estimate indicates that the CPI would "take $15,615 in cumulative benefits from the average senior who lived to 95."
    But Warren is going much further and debunking the whole notion that seniors living on $1,269 a month are the major contributors to the deficit as compared to the tax breaks and loopholes that have led to the massive redistribution of national revenue to the top 1 %.
    In a news release on Warren's senate website, she issued a clarion call to save our elderly from poverty imposed by the "conventional wisdom" of shifting the nation's financial assets to a privileged few:
    “With tens of millions of people more financially stressed as they approach retirement, with more and more people left out of the private retirement security system, and with the economic security of our families unraveling, Social Security is rapidly becoming the only lifeline that millions of seniors have to keep their heads above water,” Senator Warren said. “And yet, instead of taking on the retirement crisis, instead of strengthening Social Security, some in Washington are actually fighting to cut benefits…
    "So long as these problems continue to exist and so long as we are in the midst of a real and growing retirement crisis – a crisis that is shaking the foundations of what was once a vibrant and secure middle class – the absolute last thing we should be doing is talking about cutting back on Social Security. The absolute last thing we should do in 2013 – at the very moment that Social Security has become the principal lifeline for millions of our seniors – is allow the program to begin to be dismantled inch by inch.”

    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Is this finally the voice of sanity ringing in DC?

    Who do you trust?

    Is she the voice of the 99%?

  2. #2
    Banned
    Join Date
    Nov 2012
    Location
    Denio Junction
    Last Seen
    11-13-14 @ 12:09 AM
    Lean
    Other
    Posts
    7,039
    Blog Entries
    4

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    She is the voice of ultra liberals needing to buy extra votes in November 2014 and will bankrupt our nation gladly to make it happen.

    As for your poll voted know but I'd also vote for let congress (and the president) enjoy social security and their own retirement plans - not one paid for by us.

  3. #3
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 04:12 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,703

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Fauxachontas is a socialist? tell me something we don't know



  4. #4
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    I think it should be increased, I would like to see the cap taken off and possibly lowering the payroll tax somewhat. Can you imagine what would have happened during the Great Bush recession if there wasn't Social Security?


  5. #5
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 04:12 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,703

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by pbrauer View Post
    I think it should be increased, I would like to see the cap taken off and possibly lowering the payroll tax somewhat. Can you imagine what would have happened during the Great Bush recession if there wasn't Social Security?
    why should rich people pay more and more and getting no increased benefits



  6. #6
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Increased to what, and for whom?

    I love the smell of free money in the morning. Does this mean I'll get a raise?

  7. #7
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by TurtleDude View Post
    why should rich people pay more and more and getting no increased benefits
    I not sure they wouldn't get increased benefits. I know the more one contributes to SS the more benefits they get at retirement. I confess I don't how that all works.


  8. #8
    Sage


    Join Date
    Feb 2013
    Location
    IL
    Last Seen
    Today @ 05:59 PM
    Gender
    Lean
    Moderate
    Posts
    36,833

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Rich people should not receive social security at all, something that all greedy senior groups disagree with..There is a conservative version of AARP that is worse than they are..Time to means-test the lazy-rich-retired..
    Quote Originally Posted by TurtleDude View Post
    why should rich people pay more and more and getting no increased benefits
    Physics is Phun

  9. #9
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 08:57 PM
    Gender
    Lean
    Conservative
    Posts
    57,115

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by DaveFagan View Post
    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate


    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    "On the issue of the Chained-CPI, which Obama is reportedly advocating for, The Nation figures that a conservative estimate indicates that the CPI would "take $15,615 in cumulative benefits from the average senior who lived to 95."
    But Warren is going much further and debunking the whole notion that seniors living on $1,269 a month are the major contributors to the deficit as compared to the tax breaks and loopholes that have led to the massive redistribution of national revenue to the top 1 %.
    In a news release on Warren's senate website, she issued a clarion call to save our elderly from poverty imposed by the "conventional wisdom" of shifting the nation's financial assets to a privileged few:
    “With tens of millions of people more financially stressed as they approach retirement, with more and more people left out of the private retirement security system, and with the economic security of our families unraveling, Social Security is rapidly becoming the only lifeline that millions of seniors have to keep their heads above water,” Senator Warren said. “And yet, instead of taking on the retirement crisis, instead of strengthening Social Security, some in Washington are actually fighting to cut benefits…
    "So long as these problems continue to exist and so long as we are in the midst of a real and growing retirement crisis – a crisis that is shaking the foundations of what was once a vibrant and secure middle class – the absolute last thing we should be doing is talking about cutting back on Social Security. The absolute last thing we should do in 2013 – at the very moment that Social Security has become the principal lifeline for millions of our seniors – is allow the program to begin to be dismantled inch by inch.”

    Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Is this finally the voice of sanity ringing in DC?

    Who do you trust?

    Is she the voice of the 99%?
    1. Warren is verifiably in open defiance of reality if she thinks that entitlements are not the key drivers of our current spending and future debt.

    2. She is right that currently Social Security is a rotten surprise for seniors who think that it's going to take care of them. The average baby boomer is retiring with around $255K saved, and often in debt - they think that SS is going to be their backstop. They are woefully mistaken; even if SS was able to last throughout their retirement (and it will not), the average payments are too low for decent living - and they are lower for our lower income retirees, who are least likely to have been able to save on the side.

    3. That being said, if you want to increase SS payouts and give financial independence to our low-income workers without collapsing the entitlement system, well, there is actually a way to do that. But I don't think Mrs Warren is going to like it.

  10. #10
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 08:57 PM
    Gender
    Lean
    Conservative
    Posts
    57,115

    Re: Social Security Should Be Enhanced, Not Cut, Elizabeth Warren Tells Senate

    Quote Originally Posted by pbrauer View Post
    I not sure they wouldn't get increased benefits. I know the more one contributes to SS the more benefits they get at retirement. I confess I don't how that all works.
    Here you go.

    Basically:

    Take your 35 highest paid years
    Figure out the average monthly income, with a multiple for earlier years to account for Wage Growth

    Out of that average, your monthly return will be:
    90% of the first $791
    32% of the second strata: $792 to $4,768
    and 15% of the third strata, which is everything above that.


    So if on weighted average you made $60,000 a year, with 5K a month you would get
    (.9*791 = $711.90) + (.32*(4768-791) = $1,272.64) + (.15*(5000-4768) = $34.8) = a Monthly Check of $2,019.34

    ...if you averaged 60,000 for 35 years.

Page 1 of 8 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •