Obama: GOP trying to destroy Social Security

[editec]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

 

[Skull Pilot]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

 

[Sarah G]

Be afraid...be very afraid


The GOP wants to take away your Social Security....and your Healthcare

But since Rs are so concerned about the American people, they will find a way to give freely to charitable organizations who will in turn take care of our destitute seniors in their golden years. All we have to do is trust them.

...and pray

 

[Sarah G]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

How do they plan to take money from social security/medicare, give your portion to you and still continue payouts to seniors collecting now?

Answer: They don't. A lot of people are going to go broke and will have no saftey net in your scenario.

 

[Skull Pilot]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

How do they plan to take money from social security/medicare, give your portion to you and still continue payouts to seniors collecting now?

Answer: They don't. A lot of people are going to go broke and will have no saftey net in your scenario.

We do what the government is already so good at. Deficit spending.

You don't seem to worry about how the failed stimulus will be paid for but all of a sudden how we fund SS is a worry?

All that needs to be done is to set a date where people under a certain age will not pay in to SS and offer people under age 55 the option of receiving everything they've paid in plus interest in a lump sum or staying in the system.

Eventually all the people collecting SS will expire. Attrition.

 

[McDowell's]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

How do they plan to take money from social security/medicare, give your portion to you and still continue payouts to seniors collecting now?

Answer: They don't. A lot of people are going to go broke and will have no saftey net in your scenario.

You just laid out your understanding of SS as the ponzi scheme it is, yet still advocate for continuing the program? Bernie Madoff got thrown in jail for life for what the Federal Government is doing, and you're clapping your ass off for the government...are you an idiot or do you just play one on usmessageboard.com?

 

[The Rabbi]

The fact that the Democrats are pulling out the typical Social Security scare card is pretty much evidence that they've got nothing left to run on. They're headed for a slaughter and they're grasping at any straw they can find at this point.

What a cynical POS Obama is. He doesnt get that doing nothing will cause SS to fail. Reforming it along market lines will assure its continuance. He has it exactly wrong, as usual.
Yes, this is merely a campaign ploy because he knows--everyone knows--the Dums are in deep shit this year on the campaign trail. The smart ones have already decided not to run. That leaves you know who.
And the market today is about where it was when Bush proposed privatization. Who knows what would have happened if people had been able to control their own money, where the economy would be today.

 

[editec]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

40 years too late in my case, Skull.

FWIW the boomer generation put a helluva lot more money into the system than they've pulled out of it.

We made up for the shortfall left over from the previous generation and more than funded SS for ourselves.

If the money isn't there when we need it, and you kids end up paying for our retirement, ask yourselves where the money went.

And while you're doing that go check out how much money the USA has spent on military advertures during my lifetime.

Lots of waste in the government?

You betcha!

Only it wasn't the social programs where the money got pissed away, folks.

 

[mudwhistle]

Be afraid...be very afraid


The GOP wants to take away your Social Security....and your Healthcare

And your puppies.

 

[mudwhistle]

The fact that the Democrats are pulling out the typical Social Security scare card is pretty much evidence that they've got nothing left to run on. They're headed for a slaughter and they're grasping at any straw they can find at this point.

What a cynical POS Obama is. He doesnt get that doing nothing will cause SS to fail. Reforming it along market lines will assure its continuance. He has it exactly wrong, as usual.
Yes, this is merely a campaign ploy because he knows--everyone knows--the Dums are in deep shit this year on the campaign trail. The smart ones have already decided not to run. That leaves you know who.
And the market today is about where it was when Bush proposed privatization. Who knows what would have happened if people had been able to control their own money, where the economy would be today.

The Dow would most likely be around 15,000.....maybe higher, if Bush's plan had gone into effect.

One of the reasons SS is in trouble is because Congress keeps dipping into it. There would be plenty of cash in it from all of the folks that never reached retirement age....but of course Congress stole from the fund and never replaced it.

Bush's plan would have given us more control over our retirement funds. Congress wouldn't be able to use it as a slush-fund anymore and that is why the Dems literally cheered when Bush announced that fixing SS was history. They were cheering that their cookie jar was still intact.

 

[Sarah G]

The fact that the Democrats are pulling out the typical Social Security scare card is pretty much evidence that they've got nothing left to run on. They're headed for a slaughter and they're grasping at any straw they can find at this point.

What a cynical POS Obama is. He doesnt get that doing nothing will cause SS to fail. Reforming it along market lines will assure its continuance. He has it exactly wrong, as usual.
Yes, this is merely a campaign ploy because he knows--everyone knows--the Dums are in deep shit this year on the campaign trail. The smart ones have already decided not to run. That leaves you know who.
And the market today is about where it was when Bush proposed privatization. Who knows what would have happened if people had been able to control their own money, where the economy would be today.

The Dow would most likely be around 15,000.....maybe higher, if Bush's plan had gone into effect.

One of the reasons SS is in trouble is because Congress keeps dipping into it. There would be plenty of cash in it from all of the folks that never reached retirement age....but of course Congress stole from the fund and never replaced it.

Bush's plan would have given us more control over our retirement funds. Congress wouldn't be able to use it as a slush-fund anymore and that is why the Dems literally cheered when Bush announced that fixing SS was history. They were cheering that their cookie jar was still intact.

Nice. Any other musings to entertain GOP followers with?

 

[jillian]

Nice. Any other musings to entertain GOP followers with?

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas were so good, they wouldn't have crashed the economy.

 

[kyzr]

Nice. Any other musings to entertain GOP followers with?

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas were so good, they wouldn't have crashed the economy.

The GOP weren't the only ones to allow good jobs to be moved overseas, nor were they the ones who totally fucked-up the financial system with the Community Reinvestment Act. That said, it only took a few years for the "American Jobs Creation Act" passed by the GOP, whose tax-breaks to move factories overseas to have American unemployment to exceed 10%. Is that called "irony"?

Both parties are full of crooks that protect the wealthy and whore for their contributors.

 

[jillian]

Nice. Any other musings to entertain GOP followers with?

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas were so good, they wouldn't have crashed the economy.

The GOP weren't the only ones to allow good jobs to be moved overseas, nor were they the ones who totally fucked-up the financial system with the Community Reinvestment Act. That said, it only took a few years for the "American Jobs Creation Act" passed by the GOP, whose tax-breaks to move factories overseas to have American unemployment to exceed 10%. Is that called "irony"?

Both parties are full of crooks that protect the wealthy and whore for their contributors.

There is that. But as party policy and platform, there are better and worse policies. This is a very bad one.

The worst thing Bill Clinton did was to support NAFTA... but he isn't alone in the blame for that.

 

[The Rabbi]

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas were so good, they wouldn't have crashed the economy.

The GOP weren't the only ones to allow good jobs to be moved overseas, nor were they the ones who totally fucked-up the financial system with the Community Reinvestment Act. That said, it only took a few years for the "American Jobs Creation Act" passed by the GOP, whose tax-breaks to move factories overseas to have American unemployment to exceed 10%. Is that called "irony"?

Both parties are full of crooks that protect the wealthy and whore for their contributors.

There is that. But as party policy and platform, there are better and worse policies. This is a very bad one.

The worst thing Bill Clinton did was to support NAFTA... but he isn't alone in the blame for that.

It's a very bad policy to do something that will empower people and assure that Social Security can continue paying out?
NAFTA is a very bad policy because it has increased U.S. sales to Mexico and created millions of jobs?
You are one

 

[Jon]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

If people had their own money in a privately held account, there would be no need for said safety net.

How do they plan to take money from social security/medicare, give your portion to you and still continue payouts to seniors collecting now?

Answer: They don't. A lot of people are going to go broke and will have no saftey net in your scenario.

Actually, they do. It was explained well by a couple of posters in this very topic. We simply phase out benefits for future generations and pay those recipients from tax dollars collected from sources other than Social Security taxes. Current workers stop paying "Social Security taxes" and are allowed to keep more of their wages to invest for retirement. Eventually, the recipients of the remnants of Social Security will die out, and we can no longer appropriate funds to pay their benefits.

It's not rocket science.

The counter-argument is that many people will not properly plan for their retirement and will be left with nothing. To that I say, "Tough shit." I'm tired of coddling the ignorant masses. If you aren't responsible enough to take care of yourself, society is better off without you. You deserve to die poor, homeless, and hungry.

 

[Yurt]

Nice. Any other musings to entertain GOP followers with?

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas were so good, they wouldn't have crashed the economy.

did you "forget" that the dems controlled congress from 2007 on? you know, when the economy started to tank....

 

[Yurt]

The GOP wants to elimiate the social safety net generally.

Social Security is number one on their hitlist.

it is a social safety net, why do dems steal from it...and yes, pubs to as well...

 

[Avorysuds]

Nice. Any other musings to entertain GOP followers with?

you'd think, listening to them, that they didn't run things for 8 years.

if their ideas (policies?) were so good, they wouldn't have crashed the economy.

First The Dems were the majority in congress for 2 years at the end so it was really 6 years of "Republican rule". Next you have almost 4 years of a Dem congress and 2 of that with a Dem president. If Dems needed votes and time to "fix" things per Democrats definition it should have been done easily by now.

If things are not "fixed" by the end of Obama's 4 years then there would be no doubt he has failed... Being he has made things much worse in order to push up numbers he has a LONG ways to go because he not only would have to fix what Bush did, he would have to fix what he did.


With your logic I could blame Democrats for everything through history, and you could blame Republicans for everything though history and we would both be right.

Maybe the real answer is somewhere near Bush and the Republican congress grew Government and spent us into debt... Now we have Obama and a dem congress doing mostly the same policies as Bush AND continuing to spend even more than Bush.

It sounds to me like if you like Obama then you had to of liked Bush. Name some important issues Obama is different on than Bush and why you like Obama's position. Important is key here, no one gives a shit about his world tour to apologize for what America has been under Bush when Obama expanded wars and followed near every other Bush policy.

 

[Avorysuds]

If people had their own money in a privately held account, there would be no need for said safety net.

How do they plan to take money from social security/medicare, give your portion to you and still continue payouts to seniors collecting now?

Answer: They don't. A lot of people are going to go broke and will have no saftey net in your scenario.

Actually, they do. It was explained well by a couple of posters in this very topic. We simply phase out benefits for future generations and pay those recipients from tax dollars collected from sources other than Social Security taxes. Current workers stop paying "Social Security taxes" and are allowed to keep more of their wages to invest for retirement. Eventually, the recipients of the remnants of Social Security will die out, and we can no longer appropriate funds to pay their benefits.

It's not rocket science.

The counter-argument is that many people will not properly plan for their retirement and will be left with nothing. To that I say, "Tough shit." I'm tired of coddling the ignorant masses. If you aren't responsible enough to take care of yourself, society is better off without you. You deserve to die poor, homeless, and hungry.

Your answer should have been that it’s human nature to spend their retirement away, better the people who worked for the money do it rather than the Government who already has blow it. The reality is that SS is broke, most of us posting on these forums won’t have a retirement that we paid into our whole life because the Government already spent that money and left us with an IOU.