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Started By
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Texas GOP member of house introduces bill to radically change social security
Posted on 12/9/16 at 9:13 pm
Posted on 12/9/16 at 9:13 pm
On Thursday, Rep. Sam Johnson, a Republican from Texas and chair of the Ways and Means Committee, introduced legislation to significantly cut Social Security.
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.
For most workers, the bill would cut Social Security benefits substantially. As Michael Linden, associate director for tax and budget policy at Center for American Progress, pointed out on Twitter, a letter from Social Security’s Office of the Actuary calculated workers making around $50,000 would see checks shrink by between 11% and 35%. 4
LINK
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.
For most workers, the bill would cut Social Security benefits substantially. As Michael Linden, associate director for tax and budget policy at Center for American Progress, pointed out on Twitter, a letter from Social Security’s Office of the Actuary calculated workers making around $50,000 would see checks shrink by between 11% and 35%. 4
LINK
This post was edited on 12/9/16 at 9:16 pm
18
Posted on 12/9/16 at 9:15 pm to Eurocat
He must not want us to be like European countries such as Greece.
Posted on 12/9/16 at 9:15 pm to Eurocat
You amaze me you cut and paste without a link.
Other times you blind link what the frick gives?
Other times you blind link what the frick gives?
Posted on 12/9/16 at 9:16 pm to Jbird
?
Link is there.
Link is there.
Posted on 12/9/16 at 9:16 pm to Eurocat
quote:
raise the retirement age from 67 to 69.
bullshite
Posted on 12/9/16 at 9:17 pm to Eurocat
Ok with raising the age.
frick means testing! I pay into it, goddammit (and likely a shitton more than most).
frick means testing! I pay into it, goddammit (and likely a shitton more than most).
Posted on 12/9/16 at 9:20 pm to Eurocat
I will never see Social Security or Medicare in my lifetime, despite my contributions.
I'm not stupid enough to depend on them. I plan as if they are non-starters, even if they take away a not insignificant portion of my yearly income. It gives me the red arse, but I can't do much about it.
I'm not stupid enough to depend on them. I plan as if they are non-starters, even if they take away a not insignificant portion of my yearly income. It gives me the red arse, but I can't do much about it.
Posted on 12/9/16 at 9:20 pm to Eurocat
Ponzi schemes are doomed to fail. Let's go ahead and get this charade over with.
Posted on 12/9/16 at 9:21 pm to HempHead
What makes you think you will never see them?
Posted on 12/9/16 at 9:21 pm to Old Hellen Yeller
Social Security is not a Ponzi scheme.
Posted on 12/9/16 at 9:22 pm to Eurocat
quote:
What makes you think you will never see them?
I am closing in on 30 in two months. There is no way that I see our entitlement system remaining solvent for another 35-40 years.
quote:
Social Security is not a Ponzi scheme.
I'm not sure what else you call a system that is dependent upon contributors to pay off previous ones.
This post was edited on 12/9/16 at 9:23 pm
Posted on 12/9/16 at 9:22 pm to Eurocat
Nice edit gutter slut 
Posted on 12/9/16 at 9:24 pm to Jbird
The original link did not take, screw off.
Posted on 12/9/16 at 9:25 pm to Eurocat
quote:Did not take?
The original link did not take
Posted on 12/9/16 at 9:27 pm to Eurocat
Millennials only need to have 7 babies each and we can save SS.
Posted on 12/9/16 at 9:27 pm to Jbird
I do not know what happened. I posted and it did not show and I dunno why.
Have another drink, enjoy Friday.
Have another drink, enjoy Friday.
Posted on 12/9/16 at 9:28 pm to Eurocat
quote:Oh trust me Appletini boy I am in fact enjoying Friday.
Have another drink, enjoy Friday.
Posted on 12/9/16 at 9:47 pm to Eurocat
Politicians stole S/S. Don't get me started. I watched back in the eighties when the crooks in Washington pulled a bait-and-switch on S/S funding. George Bush II wanted to create fully funded IRA's for workers. Believe the cost was estimated at $ 1.5 trillion. Never happened. Instead the so-called Troubled Asset Relief Program (TARP) and Goldman Sachs et al got most (if not all) of the money. The politicians got a slush fund (bogus S/S Trust Fund) and we (future retirees) got screwed.
Want to know the scary part? Had the Republicans not taken over the House (believe it was back in 2010) the democrats were planning to confiscate all IRA and 401k's. Democrat Senator Tom Harkin headed a Congressional Committee looking into the feasibility of confiscating those private retirement accounts.
I 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.
So now along comes this politician........
Want to know the scary part? Had the Republicans not taken over the House (believe it was back in 2010) the democrats were planning to confiscate all IRA and 401k's. Democrat Senator Tom Harkin headed a Congressional Committee looking into the feasibility of confiscating those private retirement accounts.
I 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.
So now along comes this politician........
This post was edited on 12/9/16 at 9:57 pm
Posted on 12/9/16 at 9:52 pm to Eurocat
quote:
Social Security is not a Ponzi scheme.
"A Ponzi scheme (/'p?n.zi/; also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources."
Posted on 12/9/16 at 9:56 pm to Eurocat
I'd rather have the ability to opt out completely. frick SS.
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