Are you willing to give up you social security to end the new deal?

Forty years ago I was allowed to opt out of Social Security. I did. Instead of paying the tax, the money went into investments. Where I worked we discontinued the mismanaged pension and went with a 401k. I retired now, no pension, no Social Security, and I'm quite happy.

Patrickt said:

Forty years ago I was allowed to opt out of Social Security. I did. Instead of paying the tax, the money went into investments. Where I worked we discontinued the mismanaged pension and went with a 401k. I retired now, no pension, no Social Security, and I'm quite happy.

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What would happen if you ran out of money?

dragonslayer said:

There is nothing to give up. I paid into social security every month that I worked. I am not getting a dole, I am only getting what I paid for. I worked from 1960 to the day I retired in 2004. I was never unemployed. Every drop of Social Security that I get, I earned and paid for. Bush wants to use the social security fund that amounts to many billion to pay for his little private war. I say Bu___ Sh_t. to Bush. The financial Crisis comes from Bush War, and him wanting to give give the medicare fund to his corporate buddies.
Tell Bush to get our troops out of Iraq and let the Iraqis fight their civil war which he started. Sadam had that country under control until Bush and the Oil Companies invaded. There were no terrorist from Iraq killing Americans until Bush invaded.

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Blah Blah Blah Partisan Rhetoric and conspiracy theories.......

This is unnacceptable. I don't care for Bush but this is just outrageous.

Caine said:

Blah Blah Blah Partisan Rhetoric and conspiracy theories.......

This is unnacceptable. I don't care for Bush but this is just outrageous.

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figured you would start that list of favorites you could dig into when someone down the line asked you for a link showing where you condemned someone from the left eh?



just razzin ya man. nicely done.

ProudAmerican said:

figured you would start that list of favorites you could dig into when someone down the line asked you for a link showing where you condemned someone from the left eh?



just razzin ya man. nicely done.

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This guy in particular always get to me.

He is the left's version of Navy Pride on this forum.

Trajan Octavian Titus said:

Are you willing to give up your social security to end the new deal?

Now I know since I'm younger that this is an easier question for me but for older members of society would you be willing to end this ridiculous plan? I'm sorry it's a damn albatross around the neck of the economy, and the government has no bussiness in wealth redistribution; if I'm broke when i'm old then that's my fault not the next generations I mean shouldn't you have to atleast serve the government before you get entidlements, IE veteran benefits? (no ****ing with them.) I feel if one has sacrificed his blood for America then his treasure should never be spent by Americans (blood and treasure) BTW all of our treasure would be traded for one speck of American blood.

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Yes, let's give it up, or make the SS payments continue for the next of kin.

Iriemon said:

SS isn't perfect and needs some adjustment, and mostly we need the Republicans to stop borrowing all its funds, but SS has worked great.

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Correction "surplus funds," either the government needs to quit overtaxing us or it should use that money to pay down the deficit I am in no way opposed to that.

Kandahar said:

Heh, are the old people going to overthrow the government by smacking senators with their walkers? :lol:

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An AARP insurgency ahhhhhhhhhhh!!!!!

Trajan Octavian Titus said:

An AARP insurgency ahhhhhhhhhhh!!!!!

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Count on it, figuratively.

Seniors count for a considerable amount of voters. I don't think that either party would want to loose favor with this population.

“it seems to me that the best way to deal with this is to say that everyone over 45 will continue to be eligable for SS benifits, but no one else will be. everyone will continue paying taxes into it until all those 45 year olds die. something to that effect at least. I'm not sure what the demographic projections say about how that would be funded.”

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So your just screwed if your 44 eh?
So the 44 year old has to pay into something for what could be 30-40 years and they get nothing in return?

How about sending all the illegal aliens home…..who get benefits and who aren’t even citizens. They are the ones who are helping suck our country dry.

“Immediately end SS payments to anyone with a household income of over $100,000.”

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I agree with ProudAmerican who said,

“I get so tired of the "the rich can easily afford it so make them pay more" argument.
Whether they can afford it or not is completely irrelevant.”

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Punish the wealthy who have also paid into the system? I don’t think so.

And what happens to all those disabled people who are retarded or have physical problems who cant work?

Dragonslayer said,

“Sadam had that country under control until Bush and the Oil Companies invaded. There were no terrorist from Iraq killing Americans until Bush invaded.’

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Yea Sadam was filling up mass graves full of his own people………you call that control ??????????????????? FOR CRYING OUT LOUD HE WAS SHREDDING PEOPLE TO DEATH. Even his own son in laws he murdered.

This war saved a lot of Iraqi lives.


Hey turtledove……..great idea ya came up with

…”If you want the rich to keep paying more and more, they need to get more and more say in how the government is run. say another vote for every 1000 dollars in additional Federal income tax paid”

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Iriemon said, “Disagree, how much they can afford it is completely relevant.”

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Yea relevant to the moocher who really doesnt want to work and sits on his arse doing nothing and expecting everything. Blood suckers……..

Kandahar said, “Heh, are the old people going to overthrow the government by smacking senators with their walkers?”

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Hey, I have a new appreciation for those who have walkers. Since my hip surgery 2 weeks ago……..I’ve had to use one, minus he tennis balls. I think it would work……as I have hit a few people already by mistake. :2razz:

bismitch said:

Seniors count for a considerable amount of voters. I don't think that either party would want to loose favor with this population.

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And as the boomers age they will have considerable more power.

Younger guys like TOT who argue against raising taxes now to reduce the debt are just shooting their own foot. I think they think that if enough debt is accumulated, the boomers will vote to slash their own retirement benefits. That is pure fantasy. It is not going to happen. The boomers are going to vote to raise taxes. And the longer it is put off, and the more debt that accumulates now, the higher the taxes are going to have to be in the future.

If the Govt hadn't run up 7.5 trillion in debt since 1981, and the SS trust fund had real assets, the amount of the tax increase required would have been negligible. No more. These are the crucial years when we will have $200 billion SS tax surpluses for the next decade. After that that source is gone.

Iriemon said, “Disagree, how much they can afford it is completely relevant.”

doughgirl said:

Yea relevant to the moocher who really doesnt want to work and sits on his arse doing nothing and expecting everything. Blood suckers……..

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Who was talking about moochers? We were talking about whether the rich and the poor should all pay the same amount in taxes.

doughgirl said:

So your just screwed if your 44 eh?
So the 44 year old has to pay into something for what could be 30-40 years and they get nothing in return?

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We should stop the SS taxes (but not benefits) immediately, but put younger workers on notice that they'll never receive SS benefits.

doughgirl said:

How about sending all the illegal aliens home…..who get benefits and who aren’t even citizens. They are the ones who are helping suck our country dry.

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Exactly the wrong approach. If we must have this pyramid scheme at all, we can delay the inevitable by encouraging MORE immigration. Immigration is what keeps the United States young and growing, as opposed to European countries with stagnant/declining populations.

doughgirl said:

Punish the wealthy who have also paid into the system? I don’t think so.

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No matter how you slice it, someone is going to be worse off as a result of any change (or lack of change) to SS. It might as well be the people who can afford it. Is it fair? No. Is it fair to make young people continue to pay into a system that they'll never receive anything from? No.

doughgirl said:

And what happens to all those disabled people who are retarded or have physical problems who cant work?

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There's still medicare and food stamps. Although really, those things should be state issues. SS is even worse than those, because it's just wealth redistribution for no reason at all.

Yes and with 8% compounded interest. Then I'm gone.

Has anybody addressed the simple solution yet...i have not read most of these posts...


When SS was enacted in the NEW DEAL, the average age of life was 63.
They made retirement, or the age that SS was achievable, the age 65.


Oooohhh...

Interesting...

Why not make a National call for increasing retirement benifits to the age of 79, or essentially 2 years after whatever TODAYS average age of life IS?

What the hell is the problem with THAT?

Well, those that are getting older, that is what the problem is.
So...it is not about what is right...it is about WHO VOTES!

When they talk about voting...and older people vote more than younger people...welll, younger people are just ****ing themselves in the *** by not taking this **** seriously.

that is all

Trajan Octavian Titus said:

Correction "surplus funds," either the government needs to quit overtaxing us or it should use that money to pay down the deficit I am in no way opposed to that.

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havent you heard? we arent overtaxed at all. as a matter of fact, we should be taxed even more.

its not our money, its the governments money. we should only keep what the government says we should be able to keep.

id be shocked if i ever see any money from SS.

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I would be content if they refunded me all of my money I have contributed to my social security

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We should stop the SS taxes (but not benefits) immediately, but put younger workers on notice that they'll never receive SS benefits.

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I've heard each and every one of these comments and more.

BACK IN THE SIXTIES!!!

SS is still here. The cons have been trying to get rid of SS ever since it was introduced. They can't stand it that a Democrat idea is such a success.
Look at the present, Republicans control both branches of Congress and the Presidency and STILL can't get rid of it . If they can't get rid of it with that much control, when will they be able to do it?
The people want it (GWB's little anti SS tour didn't last long, did it?).

Forty years ago I was allowed to opt out of Social Security. I did. Instead of paying the tax, the money went into investments. Where I worked we discontinued the mismanaged pension and went with a 401k. I retired now, no pension, no Social Security, and I'm quite happy.

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I have my 401, savings AND SS. I'm happy as well.
(you'd be amazed at what you can figure out what to do with all that EXTRA SS money...LOL)

What would happen if you ran out of money?

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UUUHH, nobody told me about that...LOL

:lol:

I still say we need to raise the cap on which social security taxes are taken.

Right now, a CEO can make 40 million a year, yet pay the exact same S.S. taxes as someone who makes $86,000 a year.

I don't care what anyone says, this isn't right.

I also believe that if you're making over a certain amount of money in retirement...say..$250,000 grand a year, that you receive no S.S. benefits. You don't need S.S. benefits if you're pulling in that kind of income. I don't care if you've paid into the system, or not.

Why should millionaires be drawing S.S. checks?

Don't like it? Consider it a priviledge and part of your responsibility to get to live in a free nation.

I'd also like to see something done about all the kids drawing S.S. disability checks from the government. I'm working my arse off, and I see kids, half my age, drawing disability checks each month..probably for drug addiction..or what not, and they seem perfectly healthy and capable of working a job.

If you've worked hard all your life, and paid into the system...you deserve that extra bit of income to sustain a better retirement.

Or how 'bout this...you don't work and pay into the system, then you receive no S.S. benefits.

The whole problem with Bush's idea was..it penalizes the poor. ( Big surprise there, right?) If your income is such that you have little left over after paying the bills and putting food on the table, then you certainly have no money to invest for future retirement. That's where S.S. taxes can help the poor look forward to a retirement with dignity.

BWG said:

They can't stand it that a Democrat idea is such a success.

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:rofl
I had been about ready to give up on this thread, but i am glad i didnt
that statement alone was worth reading all these posts

:2rofll:

too freaking funny
A Success
:2rofll:
SS is anything but a success
and maybe you should re-read Bodi's post about how SS started

Yes, but I want every penny I've put in back with interest.

"I have my 401, savings AND SS. I'm happy as well.
(you'd be amazed at what you can figure out what to do with all that EXTRA SS money...LOL)"

And, how happy would you have been if another 12% of pre-tax dollars were going into your 401k?

BWG said:

SS is still here. The cons have been trying to get rid of SS ever since it was introduced. They can't stand it that a Democrat idea is such a success.

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It's not a success. A simple look at demographic trends in this country indicates that there will be a day of reckoning in the not-too-distant future. So let's get rid of the program before that happens.

BWG said:

Look at the present, Republicans control both branches of Congress and the Presidency and STILL can't get rid of it . If they can't get rid of it with that much control, when will they be able to do it?
The people want it (GWB's little anti SS tour didn't last long, did it?).

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I agree, which is why it will probably be politically necessary to get rid of it in small increments, rather than all at once. We should start by ending its universality; those who don't need SS shouldn't draw from it. Then over time, we can increase restrictions and decrease benefits.

Is that the ideal solution? No. But it's probably politically necessary.

BWG said:

I have my 401, savings AND SS. I'm happy as well.
(you'd be amazed at what you can figure out what to do with all that EXTRA SS money...LOL)

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You could've made a lot more money if the government hadn't stolen your SS money in the first place, and let you invest it.

DeeJayH said:

:rofl
I had been about ready to give up on this thread, but i am glad i didnt
that statement alone was worth reading all these posts

:2rofll:

too freaking funny
A Success
:2rofll:
SS is anything but a success
and maybe you should re-read Bodi's post about how SS started

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lol.....you beat me to it.

yeah, SS is a raging success. lol.

at the current pace, I should see mine by 85.

:roll:

ProudAmerican said:

lol.....you beat me to it.

yeah, SS is a raging success. lol.

at the current pace, I should see mine by 85.

:roll:

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Can you imagine someone buying a retirement program from a company and 30 years into it the company sends them letter saying that instead starting to pay you at 65 as the contract stated they were now informing you that they would not be able to start paying you until you hit 68 and that they may not have enough money anyway and that if you continue to make as much as you do and save as much on your own as you do they will cut what they pay you in half because they don't have the revenue coming in and you make too much anyway....................and that person calling up a friend boasting what a great successful company it is.