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. #71
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by TurtleDude View Post
    please establish that your claim was true

    you do understand the concept of representation don't you
    then you have nothing. it was you who insisted that i posted
    an interesting misunderstanding of representative government
    and when given the invitation to point out any flaws in my presentation, you were unable to find any

    speaks to your debate capabilities ... rather, the lack of them
    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

  2. #72
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by justabubba View Post
    then you have nothing. it was you who insisted that i posted

    and when given the invitation to point out any flaws in my presentation, you were unable to find any

    speaks to your debate capabilities ... rather, the lack of them
    you clearly didn't understand the point of the person you attacked--you didn't understand that when he talked about individuals he was obviously incorporating their representatives

    maybe we should have a poll-if you want to put my debate capabilities into question. I wonder who thinks your posts demonstrate a high level of intellect



  3. #73
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by shintao View Post
    Yes, indeed! In this Capitalist America, it is not only pathetic, but shameful that American workers do not have full wage retirements, so there is no change in their lifestyles as they make the transition to retirement.
    Where in the world are people entitled to full wage retirements? How does the government that provides everyone a golden parachute afford to do so?

  4. #74
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    Re: Should we Eliminate Social Security?

    The Roosevelt programs should take the form of charities, so you can choose where your money goes instead of it being paid to drug addicts and prostitutes. That way, people cannot live off welfare and SS, and if they do, even with the policy above, then they should have to do some kind of work, such as CCC work and community service.

  5. #75
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by repeter View Post
    I was reading an article on Yahoo News, and it stated that 20% of your tax dollars go to Social Security. Now, given the fact that SS is going to go bankrupt in the future, and the way its set up is inherently wasteful, should we cut it completely before it dies on its own?

    I'd say yes, but with the caveat that we should look into establishing a market in the private sector to replace it.
    well given this is a debate forum, and I am supposed to find something to argue with you over this, i am forced to suggesting that we should phase it over to a new system. rather than a straight replacement. but other than that, you are absolutely 100% correct. It's wonderful to hear a democrat say that.
    Last edited by cpwill; 04-18-11 at 12:22 AM.

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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by UtahBill View Post
    15% of income per year for 40 years of work, with even moderate gain, is enough to live on for quite some time, assuming that the worker was smart enough to get completely out of debt before retiring.
    While its always a going idea to pay off all debts before retiring and I would go as far as buy yourselves a nice present a nice trip, big screen TV, seasons tickets to whatever sport you enjoy... Don't attempt all three and don't do it at all if you can't afford it but, treat yourself one last time before retirement you deserve it.

    However, to phase out SS is a mistake and assuming one will make even moderate gains on investments is foolish. Any and every type of investment can go bust in a hurry. While stocks out do all other types of investments over time they offer no secuity. Nor is property, T-Bills, CD's or anything for that matter. While I think people should have private investments along side their 401K's and SS we still need a secure government backed system as a safety net if all else fails.

    What I tell people about investing is invest starting as early as you can and sock away as much as you can afford even if its only five bucks a paycheck because we all tend to spend everything we make and then some. But, even over 40 years if all you could sock away was 5K and the economy tanked so bad you were only left with 2500 bucks at retirement time its 2500 bucks more than you would have had if you didn't invest anything.

    What retirement investors are presently asking those nearing retirement is "Well it probably a good idea to consider what kind of part time job you'd like after you retire." While the economy will recover and your 401K will recover the economy tanks about every 15-20 years and if you retire just before a down turn or just after a down turn you're in a world of hurt.

    In the forty years I've been working I've seen my retirement funds collapse twice once in the early 90's and in the present and I've resigned myself to the fact that I'll have to work till I die.

  7. #77
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by repeter View Post
    I was reading an article on Yahoo News, and it stated that 20% of your tax dollars go to Social Security. Now, given the fact that SS is going to go bankrupt in the future, and the way its set up is inherently wasteful, should we cut it completely before it dies on its own?

    I'd say yes, but with the caveat that we should look into establishing a market in the private sector to replace it.
    How about instead we pass a Constitutional amendment stating that Republicans and Democrats can't borrow out of it so they won't have to raise taxes elsewhere?
    Also, we need to legalize recreational drugs and prostitution.

  8. #78
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by TheDemSocialist View Post
    How he is he a "hater of freedom"?
    He's a socialist.

    Or hell even an "anti consitutionalist"?
    He's a socialist.

    He is not the "leader of the democratic party" either. Yea he caucuses with them. Last time i checked he has spoken out against Obama, much legislation the Dem's have passed or try to pass...
    And man oh man. Never knew you where the decider of the "enemies of the Republic"...

    Yes, it's really sad when the Democrat caucus is farther to the left and even more hateful of America than the self-proclaimed socialist.

    Since, however, he is a socialist hates what America stands for, and hates individual freedom, because that's part of what socialism is about.

  9. #79
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by Rick345 View Post
    assuming one will make even moderate gains on investments is foolish
    Combined Annualized Growth Rate for the S&P 500 (adjusted for inflation) between 1982 and 2010 - so including the Tech Bubble and the Real Estate Bubble - comes out to 8.13%. for nothing more fancy than buying an index fund.

    Any and every type of investment can go bust in a hurry
    yes, and i demonstrated in my Social Security Fix thread that even if the stock market went bust at the worst point in time for a retiree (just as they retired) and they then proceeded to make the worst possible set of decisions (pulling everything out at the very bottom of the trough and holding it in cash), the result would still be more than twice the benefit than they would receive from Social Security.

    What retirement investors are presently asking those nearing retirement is "Well it probably a good idea to consider what kind of part time job you'd like after you retire."
    yes. that's because the people who are retiring now are the Baby Boomers; and we have never yet seen a generation their like when it comes to fiscal irresponsibility. the vast majority of them have utterly inadequate savings and lots of them are still carrying debt.

    While the economy will recover and your 401K will recover the economy tanks about every 15-20 years and if you retire just before a down turn or just after a down turn you're in a world of hurt.
    again, you would still be better off in a privatized account than you would under Social Security.

  10. #80
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    Re: Should we Eliminate Social Security?

    Quote Originally Posted by samsmart View Post
    How about instead we pass a Constitutional amendment stating that Republicans and Democrats can't borrow out of it so they won't have to raise taxes elsewhere?
    they would immediately cease borrowing out of it and instead order the trustees to "invest" the proceeds in government bonds.

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