View Poll Results: Should we Eliminate Social Security

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  • Yes, no replacement

    18 30.00%
  • Yes, but with a replacement

    11 18.33%
  • No, we should wait until it goes bankrupt

    1 1.67%
  • No, its not going to go bankrupt

    26 43.33%
  • Other

    4 6.67%
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Thread: Should we Eliminate Social Security?

  1. #131
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    Re: Should we Eliminate Social Security?

    Eliminate it completely and don't replace it. We're all big boys and girls. We can save for our own retirement.


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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Mellie View Post
    Eliminate it completely and don't replace it. We're all big boys and girls. We can save for our own retirement.
    no, everyone can't save enough for retirement. not to mention disability, survivor benefits, etc.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  3. #133
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by liblady View Post
    no, everyone can't save enough for retirement. not to mention disability, survivor benefits, etc.
    Disability doesn't need to be connected to Social Security.
    Even now though, you can pay into it and not receive disability benefits if you are permanently injured.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  4. #134
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by liblady View Post
    no, everyone can't save enough for retirement. not to mention disability, survivor benefits, etc.
    I have no problem helping people who are disabled. Let's do just that instead of money for everyone.


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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Mellie View Post
    I have no problem helping people who are disabled. Let's do just that instead of money for everyone.
    it's not "money for everyone". ss is quite important to lower income and poverty level retirees. it's also important to families that have lost their breadwinner.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  6. #136
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Mellie View Post
    Eliminate it completely and don't replace it. We're all big boys and girls. We can save for our own retirement.
    if that were actually the case, there would never have been observed a need to initiate the social security program in the first place
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by justabubba View Post
    if that were actually the case, there would never have been observed a need to initiate the social security program in the first place
    People need to realize they have to plan ahead. If they don't, they get left out in the cold. Its sad, and its horrible, but eventually, people will learn to think ahead. If everyone was more thoughtful about their futures, the world would be better off. Thats one of my biggest problems with SS, it coddles people, and sets the precedent that we don't have to worry about retirement as much as we really need to.
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by justabubba View Post
    if that were actually the case, there would never have been observed a need to initiate the social security program in the first place
    That is naive.

  9. #139
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by TheDemSocialist View Post
    Saving Social Security
    The highly successful program, under attack by Republicans and Wall Street, can easily be shored up for future retirees.


    By Bernie Sanders

    February 14, 2011
    Social Security is the most successful social program in American history. It shouldn't be privatized; its benefits shouldn't be cut; and the retirement age shouldn't be raised.

    Before Social Security was established 75 years ago, more than half of our elderly population lived in poverty. Because of Social Security, the poverty figure for seniors today is less than 10%. Social Security also provides dignified support for millions of widows, widowers, orphans and people with disabilities.

    Since it was established, Social Security has paid every nickel it owed to every eligible American, in good times and bad. As corporations over the last 30 years destroyed the retirement dreams of millions of older workers by eliminating defined-benefit pension plans, Social Security was there paying full benefits. When Wall Street greed and recklessness caused working people to lose billions in retirement savings, Social Security was there paying full benefits.

    Despite its success, Social Security faces an unprecedented attack from Wall Street, the Republican Party and a few Democrats. If the American people are not prepared to fight back, the dismantling of Social Security could begin in the very near future.

    Rep. Paul D. Ryan (R-Wis.), the new chairman of the House Budget Committee, wants to partially privatize Social Security, lower its cost-of-living adjustments and drastically cut benefits. An increasing number of his fellow Republicans agree. Rep. Michele Bachmann (R-Minn.), one of the leaders of the "tea party" movement, has said that we need to "wean" everyone except current retirees off Social Security and Medicare.

    There are threats on other fronts. A deficit-reduction commission established by President Obama called for increasing the retirement age to 69, reducing cost-of-living adjustments for today's retirees and deeply reducing benefits for future retirees who make as little as $42,000 a year.

    Just about every day, one conservative or another tells us that Social Security is in crisis, that it is going bankrupt and that the Social Security Trust Fund contains nothing more than a pile of worthless IOUs. As a result of this barrage of misinformation, many young Americans have been convinced that when they reach retirement age, Social Security will not be there for them.

    So what are the facts?

    According to the latest report of the Social Security Administration, the program will be able to pay all of its promised benefits for the next 26 years. After 2037, Social Security will still be able to pay about 78% of promised benefits.

    The nonpartisan Congressional Budget Office has come to a similar conclusion: Social Security will be able to pay full benefits to every eligible recipient until 2039, and after that, it will be able to cover 80% of promised benefits.

    Although Social Security will be strong for more than a quarter-century, Congress should strengthen it for the longer term. That is why I agree with the president, who has called for raising the cap on taxable income. Today, that cap is at $106,800; no matter how much money you make, Social Security taxes are only deducted on the first $106,800. But by removing the cap on incomes of $250,000 or more, we can make Social Security fully solvent for generations to come.

    Even with no change, the fact is that Social Security has a $2.6-trillion surplus that is projected to grow to more than $4 trillion in 2023. Is this surplus, as some have suggested, just a pile of worthless IOUs? Absolutely not!

    Social Security invests its surpluses, as it should, in U.S Treasury bonds, the safest interest-bearing securities in the world. These are the same bonds that wealthy investors and China and other foreign countries have purchased. The bonds are backed by the full faith and credit of the U.S. government, which in our long history has never defaulted on its debt obligations. In other words, Social Security investments are safe.

    Further, despite the manufactured hysteria about a crisis, Social Security has not contributed one penny to the very serious deficit situation the United States faces. Social Security is fully funded by the payroll tax that workers and their employers pay; it's not paid for by the Treasury. Our deficit has been, in recent years, largely caused by the cost of two wars, tax breaks for the rich, a Medicare prescription drug program written by the insurance and pharmaceutical industries, and the Wall Street bailout — not Social Security.

    Why has there been such a concerted effort to privatize Social Security, raise the retirement age or cut benefits? First, Wall Street stands to make billions in profits if workers are forced to go to private financial establishments for their retirement accounts. Second, as the Republican Party has moved far to the right and become more anti-government, there are more and more Republicans who simply do not believe government has a responsibility to provide retirement benefits to the elderly, or to help those with disabilities.

    Needless to say, I strongly disagree with both of those propositions. In my view, maintaining and strengthening Social Security is absolutely essential to the future well-being of our nation. For 75 years it has successfully provided dignity and support for tens of millions of Americans. Our job is to keep it strong for the next 75 years.
    God bless ya, Bernie!
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  10. #140
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by UtahBill View Post
    I love to hear people say that some of us are too poor to save for our own future.
    Fact is, the number of truly poor in this country is miniscule. My wife and I have always had savings, and spending money, even when just an E5 in the Navy. Some of my siblings are jealous of our success, but at the same time won't do what we did.
    Earn it, save some of it....

    One sister was telling us she can barely pay her grocery bills for her kids while she was opening a fresh carton of cigarettes.

    I have been around a few decades and can repeat some funny and stupid excuses I have heard from people who simply have their priorities wrong.
    Your future is up to YOU, deal with it....
    my (wise) aunt grew up like my Dad, with the commitment to put aside 10% of everything she earned, no matter what. not easy to do working on the floor of a textile mill while putting three kids thru college. but she did it. then she began getting interested in wall street week (Rukeyser). turns out she became one hell of a savvy investor in a very short order. now a multi-millionaire. still living comfortably in the home she bought while raising her family
    it's a matter of self discipline. salting away that 10%, no matter what, gave her the seed money to make her fortune
    my son saves/invests about 80% of his (net) income. based on what i have seen thus far, my college aged daughter will likely be a spendthrift. some people just 'get it' and then have the ability to put themselves on a budget. for others, their budget is whatever they have earned plus whatever they can borrow

    it is that latter group who is always going to need an imposed system, such as social security, to assure they have basic means in old age; a time when they can no longer earn a living wage. recognition of that behavior was the very problem which launched the social security system as the answer
    if you dismantle the solution we will be revisited by the problem. one which the members of this board have never seen or experienced, and thus know not to avoid its return
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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