Reid: 'Social Security is not part of the problem...' | Page 2 | TigerDroppings.com

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Lsut81
USA Fan
Member since Jun 2005
65314 posts

re: Reid: 'Social Security is not part of the problem...'


How anyone can take Reid seriously is beyond me.... The man is a fricking joke.

He is the biggest obstructionist in Washington and talks out of his arse constantly.







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dewster
Maryland Fan
Member since Aug 2006
9244 posts

re: Reid: 'Social Security is not part of the problem...'


It's part of the problem. Retirement age needs to be raised.





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Politiceaux
LSU Fan
Member since Feb 2009
15626 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

But if we want to be realistic, you have to means test it, raise the retirement age, and phase some people out of eligibility all together.
That would be a good start.






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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
11626 posts

re: Reid: 'Social Security is not part of the problem...'


My question: I know Reid is factually incorrect but I wonder if he knows it. Does he understand the facts anymore or is he so hopelessly hooked into the democrat matrix that the actually believes this stuff?

If he truly believes it, then he is not a liar. He's wrong, but he is not intentionally deceiving (lying) which requires that you understand that you are wrong. Perhaps he has lost all grasp on reality and is simply mentally ill.






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Politiceaux
LSU Fan
Member since Feb 2009
15626 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

Does he understand the facts anymore or is he so hopelessly hooked into the democrat matrix that the actually believes this stuff?
Harry's a jackass, but he's not stupid. He's lying for his party.






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La Place Mike
LSU Fan
West Florida Republic
Member since Jan 2004
16796 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

Nevada has the highest HS drop out rate in the nation. That should tell you something.
Tells me why Reid keeps getting elected or maybe it's his magic underwear that keeps getting him elected. I will have to ask DA. He is the authority on Mormons and magic underwear.






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
38500 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

Reid: 'Social Security is not part of the problem...'



Says the guy who is the problem.






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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
300604 posts

re: Reid: 'Social Security is not part of the problem...'


yeah if you want a good example of a "bubble" or "echo chamber," that this is it. and it goes across party lines





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speckledtrout
Alabama Fan
Birmingham, AL
Member since Apr 2011
1746 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

Why oh why is there a cap on income for FICA? Tax all income and this will produce plenty of revenue to fund the program for all Americans.



This^^^. I believe the income cutoff for SS contributions is $110k. I say do away with the cutoff entirely.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16789 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

No, it's needs to be phased out completely.


yup

quote:

It was set up in the wake of a financial disaster and was never ran like it was sold to the public.




There was NO DEMAND for the Social Security Act

LINK

We are the beasts of that burden that was created under FDR as some like to say. If it was anybody OTHER than the FEDS running it.....they would call it a PONZI scheme.

F A C T



This post was edited on 11/15 at 9:20 am


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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2957 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

quote:

Why oh why is there a cap on income for FICA? Tax all income and this will produce plenty of revenue to fund the program for all Americans.




This^^^. I believe the income cutoff for SS contributions is $110k. I say do away with the cutoff entirely.



Because you also don't get benefits for the income you make above $110k.

So when you tax income above $110k you either:

1. increase the benefits they will have to pay out and thus do nothing to make the system more solvent or
2. Just take money from those making more than $110 and redistribute it to those making less thus destroying any remaining shred of a claim that SS is anything other than a welfare program.






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
33375 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

But if we want to be realistic, you have to means test it, raise the retirement age, and phase some people out of eligibility all together. It's a shite proposition, but it's the only chance you have to reign in this portion of the deficit.


Of course you're correct (full disclosure - I work for the SS Administration) - but what does that say? Do the right things, save your own money, be responsible with your finances and you'll be punished when you retire? You'll just donate your past contributions to the people who didn't do well, didn't save and were completely irresponsible.

Don't we do that enough? Isn't that just going to encourage people to set up more and more trusts, earlier and earlier to avoid all of this? Wealthy people didn't get that way by being stupid with money. They will find ways around this triple/quadriple taxation scheme

Raise the cap, so we tax you on the low end, tax you on the high end - with no prospect of return on the taxes on the high end because benefits are capped - tax you when you draw benefits (themselves funded by your taxes), and phase you out if you saved too much money elsewhere. Quadruple taxation (or even quintuple, because your other money is being taxed to fund the system, too) - just doesn't seem "fair" to me.



This post was edited on 11/15 at 10:05 am


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dewster
Maryland Fan
Member since Aug 2006
9244 posts

re: Reid: 'Social Security is not part of the problem...'


Serious question....when is Reid going to stop entrenching his positions while demanding compromise from only the other side?

Can't touch social security. The other guys need to compromise. Cant touch medicaid. The other guys need to compromise. We have to raise revenue. The other guys need to compromise.






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FightinTigersDammit
Northwestern St. Fan
Farmerville LA
Member since Mar 2006
7533 posts
 Online 

re: Reid: 'Social Security is not part of the problem...'


Harry Reid is part of the problem....





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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2957 posts

re: Reid: 'Social Security is not part of the problem...'


@ace midnight:

So if you had to propose a solution, what would you propose?

To me, taxes have to go up along with increasing the retirement age; but as an "insider" I would really like to hear your opinions on what could be done to "fix" the system.






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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
33375 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

So if you had to propose a solution, what would you propose?


Well, what will be done is the finish line will get progressively moved to 70, then 72, perhaps as high as 78 or 80, but probably settle in at 75 when it becomes solvent again. The problem will be that SSDI and SSI will have to be completely revamped because pretty much everybody over 60 could make a good case for disability under the current regulations which would take back all of the "savings" realized by moving the finish line.

It's bad, but probably "least" of the evils - it will make wealthy people work longer (they make more anyway, work longer anyway and generally have sedentary jobs they can continue to do as they age). The "move the finish" line option does significantly reduce the return on investment, but at least it doesn't actually, directly means test and just take from people who won't benefit from it, didn't ask for it (or need it, frankly), any more than it does now (at least formally).

quote:

To me, taxes have to go up along with increasing the retirement age; but as an "insider" I would really like to hear your opinions on what could be done to "fix" the system.


Payroll taxes will probably go up a half a point, a point. Again, bad, but incremental and will patch some of the holes - the baby boomers will be drawing down the reserves pretty heavily over the next 15 years, then it should level out some, and taper off after about 30. The bad period for the trust fund will be ~2022 through ~2042, even with the various proposed fixes.






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Tigah in the ATL
LSU Fan
Atlanta
Member since Feb 2005
25237 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

estroying any remaining shred of a claim that SS is anything other than a welfare program.
Social Security is a tax for a national retirement program.






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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2957 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

Well, what will be done is the finish line will get progressively moved to 70, then 72, perhaps as high as 78 or 80, but probably settle in at 75 when it becomes solvent again. The problem will be that SSDI and SSI will have to be completely revamped because pretty much everybody over 60 could make a good case for disability under the current regulations which would take back all of the "savings" realized by moving the finish line.

Payroll taxes will probably go up a half a point, a point. Again, bad, but incremental and will patch some of the holes - the baby boomers will be drawing down the reserves pretty heavily over the next 15 years, then it should level out some, and taper off after about 30. The bad period for the trust fund will be ~2022 through ~2042, even with the various proposed fixes.



It's bad, but probably "least" of the evils - it will make wealthy people work longer (they make more anyway, work longer anyway and generally have sedentary jobs they can continue to do as they age). The "move the finish" line option does significantly reduce the return on investment, but at least it doesn't actually, directly means test and just take from people who won't benefit from it, didn't ask for it (or need it, frankly), any more than it does now (at least formally).


Thanks! You have to wade through a lot of nonsense on this board, but every once in awhile you can get some good info from people that know stuff.







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will0637
LSU Fan
Austin, TX
Member since Dec 2006
289 posts

re: Reid: 'Social Security is not part of the problem...'


quote:

How much was the impact of the NIC reducing SS taxes by 2% the last two years. That was real intelligent. My bad i used obama and intelligent int he same thought....


Well, it was overwhelmingly supported by the Congress Republicans and barely a majority for the Dems :
LINK

Considering George W. was the least intelligent (and worst speaking) President in US history, i wouldnt feel bad saying intelligence and Obama in the same sentence.






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ljhog
Arkansas Fan
Lake Jackson, Tx.
Member since Apr 2009
10287 posts

re: Reid: 'Social Security is not part of the problem...'


he's right. democrats are the problem.





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