Bernie, author of Sanders/Warren bill extending Social Security to 75 years & adding $200 to payments, makes case against GOP cuts to Social Security

[occupied]

Not surprising. Republicans have wanted to kill working class retirement since day one.

 

[22lcidw]

By moving numbers on paper?

That is what they did in a short sentence. Plus it was the peak earnings decade of the baby oomers. Nothing really permanent although there were some welfare changes.

 

[skews13]

Rep Rick Allen (R-GA) wants people who work at least 5 days a week, 8 hours a day to work past age 67 so republicans can cut social security. Allen is the 12th richest person in congress…worth $52 MILLION in 2018.

The Social Security age should be lowered to 60.

There should be no income cap on the 6.2% tax paid into Social Security.

All capital gains should have a 6.2% Social Security tax imposed.

All Wall St trades should be taxed at 6.2% to pay for Social Security and Medicare.

 

[sparky]

~S~

 

[Toddsterpatriot]

The Social Security age should be lowered to 60.

There should be no income cap on the 6.2% tax paid into Social Security.

All capital gains should have a 6.2% Social Security tax imposed.

All Wall St trades should be taxed at 6.2% to pay for Social Security and Medicare.

The Social Security age should be lowered to 60.

How many years will the typical recipient draw benefits?

There should be no income cap on the 6.2% tax paid into Social Security.

If a higher income recipient pays double the current capped amount, will
they get double the current benefit?

All capital gains should have a 6.2% Social Security tax imposed.

All capital gains should have a 0% tax imposed.

All Wall St trades should be taxed at 6.2% to pay for Social Security and Medicare.

That will raise almost no revenue.

 

[bripat9643]

1. No action means SS pays 70% of owed benefits. Bad, but not zero.

2. SS needs to be "fixed" so it always pays owed benefits. Easy peasy. No one gets screwed.

3. Logon to SS and see your promised benefits.

If you die you get paid 0% of owed benefits.

 

[easyt65]

"Extending" Social Security to 75 years? What does that mean? You can apply for Social Security at 62 today. Two hundred bucks? Is he kidding?

Telling you that you can't start gettng YOUR money you put into SS while working your whole life until you are 75yo is BS.

They are pretty much betting on you dying before ever drawing your SS or that you won't live long enough to collect everything you put into SS.

 

[pknopp]

If you die you get paid 0% of owed benefits.

But your wife and kids could. Is it so bad to not leave them penniless?

 

[sparky]

Rep Rick Allen (R-GA) wants people who work at least 5 days a week, 8 hours a day to work past age 67

him first.....

~S~

 

[Lesh]

Is that a joke? There is no Social Security locked box. The government started stealing FICA money the day after they passed the law. LBJ made it "legal" when he authorized FICA taxes to be placed in the general fund. Two hundred bucks in benefits? You can't get a meal in a decent restaurant for $200. It's more desperate political posturing from a socialist who ain't got a freaking clue about the real world.

Frogging idiots. The government did not STEAL the payroll deductions that were taken out on FICA.

It used a large portion of that money to make immediate payments and there was a surplus. By law the government can not “invest” that excess.

So what CAN be done with it? It is LENT to the government and the accounting for those loans was done by issuing special issue Treasury Bonds (which Republicans have never wanted to repay)