Some Republicans want Medicare and Social Security to Sunset

floridafan said:
Sorry, handjob, I just assumed that you forgot to change the ID you were posting under. I know how hard it is to keep track of them all.
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I only have and need only this one ID to aggravate a dimwit like you. And to think you actually fucked up little kids heads, for God only knows how many years, in those indoctrination centers. What a fucking shame.
 
Yakuda said:
I only have and need only this one ID to aggravate a dimwit like you. And to think you actually fucked up little kids heads, for God only knows how many years, in those indoctrination centers. What a fucking shame.
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Such a shame that you're such an intellectual waste case.
 
Privatizing social security would be a disaster There is a reason they have to buy Treasuries. We’ve never defaulted on them. But imagine today that we made the decision to privatize. First you need to keep paying benefits to those already receiving them. They obviously cannot participate. So how do you do that with no further funding from working people. There would certainly be a shortfall. Then you have to establish accounts for everyone so they can invest. So you replace one bureaucracy with another. What happens when people reach retirement after having blown all their money? Tell them ‘tough shit’? Because it will happen to lots of people. Can you imagine the sharks with all that new blood in the water? The afternoon tv ads? GUARANTEED 15% RETURN ON YOUR RERIREMENT MONEY!!! It’s a disaster waiting to happen and the logistics are a nightmare. SS provides at least SOME guaranteed income and can be adjusted. I should not receive Social Security at least not as much as I get. People who make millions should pay at least some extra ss tax. Boehner and Obama had a massive deal that would have started that process but the freedom caucus killed it and forced Boehner to step down. Because the deal included tax increases in the rich. Can’t have that.
 
Concart said:
Privatizing social security would be a disaster There is a reason they have to buy Treasuries. We’ve never defaulted on them. But imagine today that we made the decision to privatize. First you need to keep paying benefits to those already receiving them. They obviously cannot participate. So how do you do that with no further funding from working people. There would certainly be a shortfall. Then you have to establish accounts for everyone so they can invest. So you replace one bureaucracy with another. What happens when people reach retirement after having blown all their money? Tell them ‘tough shit’? Because it will happen to lots of people. Can you imagine the sharks with all that new blood in the water? The afternoon tv ads? GUARANTEED 15% RETURN ON YOUR RERIREMENT MONEY!!! It’s a disaster waiting to happen and the logistics are a nightmare. SS provides at least SOME guaranteed income and can be adjusted. I should not receive Social Security at least not as much as I get. People who make millions should pay at least some extra ss tax. Boehner and Obama had a massive deal that would have started that process but the freedom caucus killed it and forced Boehner to step down. Because the deal included tax increases in the rich. Can’t have that.
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It could also be argued that the wealthiest among us pay no FICA, as their salary comes in the form of cap. gains and dividends.
 
Concart said:
Most states have opted in to social security I guess Ohio isn’t one of them. Private employees get both. My dad was a teacher and didn’t get it either.
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Given the state of large pension funds in recent years, SS is more stable. And pensions rely on good ROI by the managers, so it's as close as you get to privatized SS.

Quite a few public employees gave up raises during union negotiations in exchange for a bigger retirement payout.

Then the pension fund went under, and left people with nothing.
 
Althea said:
It could also be argued that the wealthiest among us pay no FICA, as their salary comes in the form of cap. gains and dividends.
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Yes. Most of my income has not been subject to FICA yet I get over three grand a month. HEck I don’t even pay ANY tax on well over 150k of income. Thank you Roth IRA. There is something seriously wrong with our tax code.
 
Althea said:
Given the state of large pension funds in recent years, SS is more stable. And pensions rely on good ROI by the managers, so it's as close as you get to privatized SS.

Quite a few public employees gave up raises during union negotiations in exchange for a bigger retirement payout.

Then the pension fund went under, and left people with nothing.
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And this will be far worse. Such a bad idea.
 
Social Security cannot go broke. It collects money from workers' paychecks and pays it to those on SS. If it could not meet the obligations, it would cut the payments down. It is not allowed to take money from the treasury. Broke is not possible.
 
Concart said:
Yes. Most of my income has not been subject to FICA yet I get over three grand a month. HEck I don’t even pay ANY tax on well over 150k of income. Thank you Roth IRA. There is something seriously wrong with our tax code.
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I've been building a Roth myself for years now. I think it's better to use post tax dollars at the outset. To be clear, your SS is from your deceased wife? If so, she paid in so it's nice that you can receive it. Even if you don't need it.
 
Nordberg said:
Social Security cannot go broke. It collects money from workers' paychecks and pays it to those on SS. If it could not meet the obligations, it would cut the payments down. It is not allowed to take money from the treasury. Broke is not possible.
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IMO, it's the disability side of SS that is causing the problems. The retirement checks are based on what you paid in. People who paid little or nothing get disability checks, and that is where there is monumental fraud taking place as well.
 
Althea said:
I've been building a Roth myself for years now. I think it's better to use post tax dollars at the outset. To be clear, your SS is from your deceased wife? If so, she paid in so it's nice that you can receive it. Even if you don't need it.
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I recently moved off of hers when I reached full retirement which for me was 66 years and four months. That was last October. It was only half of what I get now but it still made sense. I retired at 64.

When the Roth first became available you were allowed to move all of your retirement to it and you had FIVE YEARS to pay the taxes. Just the best deal ever. I moved all of mine and then contributed the max. So the
Income I receive from that is zero taxed. generating principle is tax free. Really kind of absurd when you think about it. That income doesn’t count toward my income based Medicare penalty either. The rich get all the breaks.
 
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