Greenspan Urges Social Security Cuts

Quote:

We should then tar and feather anyone making more than $50,000 and seize all their assetts! Then we can spread all that wealth out to the working class people! Then, when American civilization falls in to oblivion we can dance around the fires at night and celebrate the idea that there are no more wealthy Americans!! WAHOO!

McGentrix,
The above quote discourages me from participating.

Why don't you and others just stop at saying, something like-- ' I disagree with your opinion.'

Sarcasm--- especially that of the derisive kind, is such a BIG turn-off.

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Thanks Greenscam
The Dems have just been handed another reason that they should be elected. America needs complete overhaul of the Economic System. The SS, Medicare and other programs are in peril because the Right Wing wants them gone and the Left Wing won't stand up to the Right Wing to have fair redistribution of Amercan Tax Money.

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Fair redistribution of American tax money?

I got ALL the tax money I paid to the federal government back this year. Seems fair to me.

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Maybe I am wrong, but didn't Clinton have a surplus when left office? If Bush had not had given that huge tax giveaway then when we were attacked and then when we had a recession we would have had the money stored away to help with those crisis. Now we are in trouble and yes it is Bush's fault. However, that was probably their plan because they don't want to pay for any social programs including education which is just a front for terrorist apparently. All they want tax money for is the military and things like that. Anything else is considered communist socialism.

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These budget numbers and projections are all smokescreens (b.s.) You can blame this party or that one, but that really is missing the point. The point is that the U.S. debt is out of control to the fault of EVERY politician and yes, we taxpayers- the ones that expect government to give them handouts and do something for us that we don't really deserve.
People have been talking about this eventually happening with SS for over 20 years - first they will up the age when you will be able to recieve SS benefits and now your 'principal' *cough* might even be cut. You can only tax the populous so much and they will rebell, so basically the politicians will have to just keep borrowing to keep this charade of our solvency as a nation going.
Face the facts: Our debt will NEVER be repaid. ONE day our dollar will be worthless (ala. German Reichstag) and our economy ruined. The only question that has to be answered in my mind is WHEN.

As an aside, when interest rates go up, the debt is going to skyrocket and I think the only reason the economy is stagnant instead of down is because of the spending due to this war on terrorism.

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McGentrix
Either you a great many deductions or you don't have much of an income. I am retired and pay taxes. In fact I would gladly pay more if it meant my income was greater.

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MDguy
Mdguy, welcome to Able2Know, glad to have you here. Your opinions are very important to add to the discussions.

BBB

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Starve the Beast
Then get rid of ALL Social Programs. That's the plan of the Right Wing.

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SS money is there. The government just wants to divert it to their pet projects. They will have it all if we let 'em take it.

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Re: Fedral

Fedral wrote:

BumbleBeeBoogie wrote:
Fedral, you would think from your definition that the money in the Social Security Trust Fund is the government's money.

ANNOUNCEMENT! It ain't the Fed's money. The money is that of employers and employees who fund SS.

And, if the Feds kept it's mitts out of the Trust Fund for other purposes, there would be more money available to fund the Baby Boomer's retirements.

BBB

No, I am saying that with the largest group of Americans ever (Baby Boomers) approaching retirement, fairly soon there won't be enough NEW money flowing into the SS coffers to cover the money that is going out in benefits (Economics 101).

The SS Trust Fund does not work the way you think it does BBB.

The money YOU put in pays for those people who are already retired. The money the generation FOLLOWING you will be paying for YOUR benefits. Thats the way it works and since, fairly soon, there will not be enough working Americans to pay for the benefits that are due to the Baby Boom generation, we need to figure out a way to save the system.

It's the world's longest-running Ponzi scheme...no more and no less. Eventually, it WILL collapse like the house of cards it is.

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Re: Starve the Beast

pistoff wrote:

Then get rid of ALL Social Programs. That's the plan of the Right Wing.

I'm far from right wing as you can get, but it works for me.

If the Constitution doesn't authorize it, then ditch it.

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If the voters allow the last vestiges of our safety net to be taken they have no right to complain later on. Trouble is, they don't understand the power they have or they would not now be faced with a loss of SS.

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Haven't seen it mentioned here, but all the TV news shows I watch have said this whole problem of reduced SS payments to those now approaching 65 could be solved by allowing them to continue working -- retirement at 65, receiving gold watch, etc., could just fizzle. What if the younger workers resent the older workers hogging the work force?

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edgarblythe wrote:

If the voters allow the last vestiges of our safety net to be taken they have no right to complain later on. Trouble is, they don't understand the power they have or they would not now be faced with a loss of SS.

Anyone under 40 who expects to collect from social security is simply delusional. I won't get a penny from that Ponzi scheme...which is why I have a 401(k).

I'll suck my shotgun before I go on welfare of any kind.

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SS is not welfare, except to the deluded. We payed money into the system all our lives. We have a right - and the numbers - to see we get what we have worked for. The only real problem SS has ever had is the meddling of the polititians - and the people who think people helping people is wrong.

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Re: Starve the Beast

pistoff wrote:

Then get rid of ALL Social Programs. That's the plan of the Right Wing.

Yes Pistoff, it's true. Every word of it is true.

Every summer we evil Republicans gather in a secret State Park in Alaska. There we do the following.

Have several Redwoods chopped down and flown in to fuel our whale oil and redwood powered barbeque.

We then cook up some endangered spotted owls on the grill while we club a few baby seals and figure out which National Park lands we can sell to developers for our new mansions and which Park lands we will dump our toxic waste on.

A little later, while smoking our Cuban cigars, we figure out which third world nations we plan to invade in the coming year and then we all celebrate by calculating how we how many social programs we can cut so we can give tax cuts to millionaires.

You caught us. Rolling Eyes

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edgarblythe wrote:

SS is not welfare, except to the deluded. We payed money into the system all our lives. We have a right - and the numbers - to see we get what we have worked for. The only real problem SS has ever had is the meddling of the polititians - and the people who think people helping people is wrong.

Social security is nothing more or less than the world's longest-running Ponzi scheme. It will eventually collapse like the house of cards it is.

I have no problem with people helping people...just with people helping people with MY money.

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Does anyone have the actual numbers? I fail to see how SS is in trouble.

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Guess what, jar; it ain't your money. The money that's due to me ain't. I've paid into the system more than fifty years. SS has taken in plenty of money to keep itself solvent forever. It's the govt.'s plundering of the money that creates a sense of looming disaster. The payoff is a piddly check compared to what a person needs. I will fight every way I know how to ensure the checks keep coming. If the government were to apply sound business practices to overseeing SS there would be no crisis at all.

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Greenspan Urges Social Security Cuts

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