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Started By
Message
re: Texas GOP member of house introduces bill to radically change social security
Posted on 12/9/16 at 10:01 pm to Eurocat
Posted on 12/9/16 at 10:01 pm to Eurocat
quote:
Social Security is not a Ponzi scheme.
It is the very definition of a Ponzi scheme.
That being said, however, no bill like this would ever pass congress.
0
Posted on 12/9/16 at 10:32 pm to Eurocat
We should be able to opt out.
I pay a shite ton of OASDI tax and I'll never see a dime of it.
I pay a shite ton of OASDI tax and I'll never see a dime of it.
Posted on 12/10/16 at 12:34 am to Eurocat
Return OASDI to the original legislation that created it, 2% rate, strictly for keeping old people out of the poor house.
Posted on 12/10/16 at 12:48 am to Eurocat
quote:
Social Security is not a Ponzi scheme.
It didn't start that way. Very few young people know how it started. They have no idea how it developed and think their money is simply going to paying for old people.
Truth is I was forced to invest my money into SS. I had no choice. I have an account in my name. My SS number is the number to get into my account which has a record of my contribution as well as what I have received since retirement. I saw that record on their computer 2 times.
Instead of investing these contributions congress raided the money calling it a loan. It is on the budget record. Funding the account has to be voted on each time the matter goes before congress. A government shut down means my next check will be late.
Most young people seem to think they are supporting us old geezers. Fact is they are just paying more money into the gov't. That's gov't income which will be used to pay us what they owe the people that have already paid and are now retired.
I would say that since they haven't invested it for us but has spent it and is using your money to fund my account this may qualify as a ponzi scheme. Maybe the largest ponzi scheme ever.
Posted on 12/10/16 at 1:07 am to Old Sarge
quote:
quote:
raise the retirement age from 67 to 69.
Bull shite
It was 65. They started raising that age based in the rising life expectancy. I think the reps may have been responsible for this, a small move to turn the ponzi scheme around.
67 to 69 seems a bit ridiculous. I don't think the working population life expectancy is increasing at the same rate. It would appear that this may be the only way to discontinue SS payouts without shutting down the income stream. People pay into the system while not living long enough to receive much in return .... what a novel idea to add on to this ponzi scheme.
The dems will never cut anything to bring deficit spending under control save for Clinton cutting the military. They have to be viewed as the good guys in the eyes of ignorant voters ... therefore, if any cuts are made it must be in the hands of reps. It isn't going to be pretty at some point down the road. We will have to suffer soon or the whole thing will implode and we will all suffer much.
Posted on 12/10/16 at 2:00 am to bubba68
quote:
have not doubt had Hillary won the election she would have attempted (again) to confiscate those IRA's and 401k's and IMO the Republicans would have let her.
let it go dude - your primate won the election - HRC can't hurt you - however, Ryan and Price can do some slicing and dicing to s/s and medicare - maga. 
Posted on 12/10/16 at 4:10 am to Eurocat
That's what you get for trusting government to take care of you.
Same for Obamacare.
Only a fool depends on government.
Same for Obamacare.
Only a fool depends on government.
Posted on 12/10/16 at 5:03 am to Eurocat
I think you should just get an option for a check for how much you (including employer match) paid in or a lifetime annuity for that amount.
Posted on 12/10/16 at 5:58 am to Eurocat
Well what do you propose to do about it shitass?
Let the young snowflakes hold all the bag? That is actually not a bad idea.
Let the young snowflakes hold all the bag? That is actually not a bad idea.
Posted on 12/10/16 at 6:17 am to The Boat
quote:
We should be able to opt out.
Not everyone is like you and me that have the foresight to know we better save something for retirement. I saw a report somewhere during this election that had an appalling number of people over 50 that had no more than a thousand bucks in savings. So, if not forced to save by the government during their life time, then what happens to them when they retire? Welfare? Isn't that kind of the same difference?
I'd rather see a system that if we are forced to save then the saver should have a sayso in how that money is invested.
I have found over the course of my lifetime as a middle type wage earner, the less accessible I make my money that I can get to, the more I save. Of course willpower plays a big part in leaving that money alone but it has worked for me.
Posted on 12/10/16 at 6:58 am to Eurocat
I would be fine paying it my entire working life and never getting it if they killed SS. If they said the generation before me was the last one so we need you to pay but after them it is over. I would happily do it. It is what is best for the country.
This "I paid so I deserve" it is why we can never stop it.
This "I paid so I deserve" it is why we can never stop it.
This post was edited on 12/10/16 at 7:08 am
Posted on 12/10/16 at 7:07 am to Eurocat
quote:
The bill introduced by Johnson, who is also the chair of the Social Security subcommittee, slashes benefits, adds means testing, and would raise the retirement age from 67 to 69.
Maybe he should consider raising the age to 80? That way, almost everyone would die before they could collect a penny of what the government has stolen from them!
Posted on 12/10/16 at 7:11 am to Revelator
They can currently start collecting earlier than 67 now. So if they raised it to 80 they could start collecting around 74-75. They could probably start collecting disability before then.
Posted on 12/10/16 at 7:12 am to Eurocat
This is what kills the GOP every time they win big. Some asshat prematurely goes off and tries to do the most extreme shite that then gives Dems the desire to remobilize.
If these idiots would take power, get some doable things out of the way, more progress could occur. Instead they start with crap like this and lose all momentum. No one in their right mind should trust a politician to tinker with social security at the moment.
If these idiots would take power, get some doable things out of the way, more progress could occur. Instead they start with crap like this and lose all momentum. No one in their right mind should trust a politician to tinker with social security at the moment.
Posted on 12/10/16 at 8:27 am to udtiger
Its already means tested. Hes lowering it.
Posted on 12/10/16 at 8:32 am to Eurocat
Let him add a TRUE ACCOUNTING of all the individuals who have been lumped into SSI (via various/manifold Programs like Disability, etc.) but who have never paid a single penny into it...and I think most everybody would support it.
Screw Syrian/Somali/et al terrorist being subsidized at the expense of American Citizens who have paid their dues.
Screw Syrian/Somali/et al terrorist being subsidized at the expense of American Citizens who have paid their dues.
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