Gang of Six looking at Social Security changes

Discussion in 'Politics' started by JimH52, Apr 18, 2011.

  1. JimH52
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    JimH52 Gold Member

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  2. Oddball
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    Oddball BANNED Supporting Member

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    How much was the author of that dreck paid?
     
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  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Social Security goin' broke faster than first thought...
    :confused:
    Social Security and Medicare to run short sooner than expected
    May 13, 2011: The trust funds of Social Security and Medicare -- the country's two biggest entitlement programs -- will run dry earlier than expected, according a report Friday from the programs' trustees.
     
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  4. KissMy
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    KissMy Free Breast Exam

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    Once Obamacares cuts to Medicare kills of enough of the Social Security & Medicare beneficiaries, things will be back on track. :lol:
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says she gonna buy her a haicienda when she retires...
    :tongue:
    Mexico Attracts US Retirees Despite Crime Wave
    June 02, 2011 - Some 40,000 people have been killed in Mexico over the past five years as the Latin American country's police and military battle powerful drug cartels that are also fighting with each other over smuggling routes. In spite of the dire headlines, hundreds of thousands of US citizens vacation in Mexico every year and many of them, especially those who are retired, have opted to buy property and live there. The warm weather and the lower cost of living are big draws.

     
  6. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Someone in the comment section nails it:
     
    Last edited: Jun 4, 2011
  7. Immanuel
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    Immanuel Gold Member

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    This is really kind of frightening. My first thought when I read the headline was that they were talking about something like a plan to privatize Social Security which I believe would be a good thing.

    But, as I read it, I realized they weren't saying what kind of changes they meant. Then I read this:

    And then it hit me... they aren't talking about improving Social Security for the taxpayer they are talking about one of two things a) increasing the age of retirement or b) decreasing the amount of monthly benefits. Make that three things c) both a and b.

    That is not an improvement for the taxpayer that only makes the entire program more costly to individuals. How does having to wait until you are eighty-eight before you can begin collecting sound to you?

    Immie
     
  8. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I don't think that part in quotes is specific to SS, he's talking there abut lowering the debt and deficits. The SS changes mentioned were very vague, but I do think they're looking at both a and b that you mentioned, also raising the income ceiling for paying FICA from $108,600 and maybe also means testing SS benefit recipients.

    Tell you what, if they could arrive at an agreement to fix SS, I think it would go a long way towards alleviating fears that these guys can cooperate without being under a very big gun.
     
  9. Immanuel
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    Immanuel Gold Member

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    In regards to the raising the FICA limit, I believe he specifically indicated they were not talking about raising taxes. That would fall in the category of raising taxes, wouldn't it?

    Immie
     
  10. Trajan
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    Trajan conscientia mille testes

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    the gang of six DUE to ENTITLEMENTS now being off the table according to ;dick' durbin is defunct.

    Obama is going to have to find another committee council whatever to do his thinking for him and provide cover for his lack of heft in this issue.
     

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