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No - amend my statement to leave out IRA's and 401K's. But tax capital gains, dividends above an agreed upon amount, trust funds above an agreed upon amount and other exempted sources. If Social Security, like the general fund, is full of so many loopholes and exemptions, it is time to remove most of them and fund SS more completely.
Regards from Rosie
So you want to abolish the equal protection clause form the 14th amendment and treat people and property differently because of where a dollar might fall in an imaginary
stack? Yep, that sound fair.
That's exactly what Congress did, unconstitutionally, by arbitrarily exempting income above 2.5K from FICA.
You can't see that your door already swung the other way and got stuck there?
Regards from Rosie
Social Security doesn't add to the deficit - it is a different fund from others.
Do not exempt income above $ 250,000 from FICA and make it regardless of source of income.
If Republicants refuse....means test it. Those who are wealthy and don't need it don't get it.
If you don't need it why exempt you from the taxes that fund it? Makes no sense. Childless people still pay taxes for schools they don't need.
Regards from Rosie
This day was foreordained the moment the Tea Party took control of Boehner's caucus and McConnell lost his mind.
Yes, we GOP will compromise this time, and, yes, the taxes of many, including me, are going up.
Obstructionist Republicanism brought this on all of us.
Social Security doesn't add to the deficit - it is a different fund from others.
Social Security is taking in less than it's paying out, therefore, it adds to our long term debt. Simple arithmetic.
Do not exempt income above $ 250,000 from FICA and make it regardless of source of income.
What difference will that make?
If Republicants refuse....means test it. Those who are wealthy and don't need it don't get it.
How about I pay for me and you pay for you. Whoa, there's a novel idea, eh comrade?
If you don't need it why exempt you from the taxes that fund it? Makes no sense. Childless people still pay taxes for schools they don't need.
Regards from Rosie
Do you know the difference between the federal government and the local government?
Regards from someone who was smarter than you are now when he was only in the second grade.
I would like to see the SS revenue in for the last five years, and they checks sent out.
That the revenue is minus to the pay out, I doubt very much.
If Congress would stop dropping the SS revenues into the general fund, the SS pay out would last forever.
I would like to see the SS revenue in for the last five years, and they checks sent out.
That the revenue is minus to the pay out, I doubt very much.
If Congress would stop dropping the SS revenues into the general fund, the SS pay out would last forever.
What does federal vs. local have to do with it?
Exempting some income from FICA means I-N-S-O-L-V-E-N-T-C-Y sooner.
Big word for your 7 year-old's brain, I know.
Do people really believe SS will be safer if retirement money is privatised and goes to Wall Street?
Look at how 401K's were hit when Wall St. helped cause the Great Recession.
There are none so blind......
Thank you to Taz for supporting my point: the revenues coming in out exceed the pay out but that Congress keeps dropping it into the general fund. All we have to do is put the money where it is supposed to go, raise retirement by two years for those under 45, and increase income maximum to $150,000.
Privatization will only return our seniors to poverty.
I said 100% of the AMERICAN people!
You sound just like Sarah Palin.
So us acting like you is a bad thing but you acting like you is a good thing.
"My way or the highway" isnt going to go over too well. Compromise requires both parties to give something. What is Obama prepared to give on?
Kind of like when republicans spit on a much better deal than they are likely to get now back in 2011 just to protect their tax cut program? They just do not have any legs to stand on in this situation, they precipitated it with their debt ceiling hostage stunt, they refused to make a compromise deal, they passed the deal that kicked the can down the road to this moment where they seriously thought they would own both houses and the presidency, they are responsible for 100% of this mess because they have always been 100% my way or the highway throughout. Now that democrats hold some of the cards all you people can do is whine that they are not playing fair, well fair in this case is being taught a hard lesson in shoes being on the other feet.
You act like something has majically changed, it hasn't.
Kind of like when republicans spit on a much better deal than they are likely to get now back in 2011 just to protect their tax cut program? They just do not have any legs to stand on in this situation, they precipitated it with their debt ceiling hostage stunt, they refused to make a compromise deal, they passed the deal that kicked the can down the road to this moment where they seriously thought they would own both houses and the presidency, they are responsible for 100% of this mess because they have always been 100% my way or the highway throughout. Now that democrats hold some of the cards all you people can do is whine that they are not playing fair, well fair in this case is being taught a hard lesson in shoes being on the other feet.
You act like something has majically changed, it hasn't.
Maybe not, Republicans are still dangerously stupid in their political tactics, but the fact remains that they walked away from what would have been a good thing for them in 2011 if it was the deficit they were actually worried about rather than what was simply a one sided attack on entitlement spending. Perhaps when this deal is hammered out we can do a side-by-side comparison between what they turned down and what they got after all their insane hostage taking and losing bet on who will win the election.
Thank you to Taz for supporting my point: the revenues coming in out exceed the pay out but that Congress keeps dropping it into the general fund. All we have to do is put the money where it is supposed to go, raise retirement by two years for those under 45, and increase income maximum to $150,000.
Privatization will only return our seniors to poverty.
You act like something has majically changed, it hasn't.
Maybe not, Republicans are still dangerously stupid in their political tactics, but the fact remains that they walked away from what would have been a good thing for them in 2011 if it was the deficit they were actually worried about rather than what was simply a one sided attack on entitlement spending. Perhaps when this deal is hammered out we can do a side-by-side comparison between what they turned down and what they got after all their insane hostage taking and losing bet on who will win the election.
You might want to do a little research, entitlements are the largest and fastest growing segment of government spending, 60+%, so if that growth is not addressed the rest really doesn't matter. The day is fast approaching where entitlements and debt service will consume 100% of what the government takes in today, then what?
Give em hell President Obama! The American people are 100% behind you.
GOP divide over Obama tax plan goes public - CNN.com
We are not 100% behind him, you ignorant hack. What is your Ossiah ready to copromise on?
stop lying..100% are not behind him...we'd have to push you Obamabost off his butt in order to GET behind though
my gawd
as usual, the thug comes out in Obama, so Presidential
I said 100% of the AMERICAN people!
You act like something has majically changed, it hasn't.
Maybe not, Republicans are still dangerously stupid in their political tactics, but the fact remains that they walked away from what would have been a good thing for them in 2011 if it was the deficit they were actually worried about rather than what was simply a one sided attack on entitlement spending. Perhaps when this deal is hammered out we can do a side-by-side comparison between what they turned down and what they got after all their insane hostage taking and losing bet on who will win the election.
You might want to do a little research, entitlements are the largest and fastest growing segment of government spending, 60+%, so if that growth is not addressed the rest really doesn't matter. The day is fast approaching where entitlements and debt service will consume 100% of what the government takes in today, then what?
"My way or the highway" isnt going to go over too well. Compromise requires both parties to give something. What is Obama prepared to give on?
Entitlements, shit head.
Read the news, sans Fox.
Maybe not, Republicans are still dangerously stupid in their political tactics, but the fact remains that they walked away from what would have been a good thing for them in 2011 if it was the deficit they were actually worried about rather than what was simply a one sided attack on entitlement spending. Perhaps when this deal is hammered out we can do a side-by-side comparison between what they turned down and what they got after all their insane hostage taking and losing bet on who will win the election.
You might want to do a little research, entitlements are the largest and fastest growing segment of government spending, 60+%, so if that growth is not addressed the rest really doesn't matter. The day is fast approaching where entitlements and debt service will consume 100% of what the government takes in today, then what?
OKTexas. Let me ask you this. What is it that you think will happen when all the entitlements are cut? Pick a number that you think reasonable to cut. 500 billion. 1 trillion. whatever number you like.
Then explain how taking x billions of dollars out of the economy is going to work out for the good. IF you would.
Will borrowing rates fall? Will UE rise? What will the people that lose their jobs and have access to less government help do? Does it even matter?
But you must think there is an upside. What is it?
