Social Security and Reagan.

Discussion in 'Politics' started by Navy1960, Oct 31, 2011.

  1. Navy1960
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    Navy1960 Senior Member

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    . Letter to Congressional Leaders About the Social Security System --July 18, 1981

    The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

    At the same time, I deplore the opportunistic political maneuvering, cynically designed to play on the fears of many Americans, that some in the Congress are initiating at this time. These efforts appear designed to exploit an issue rather than find a solution to the urgent Social Security problem. They would also have the unfortunate effect of disrupting the budget conference and reversing the actions of a majority of both Houses of the Congress. Such a result would jeopardize our economic recovery program so vital to the well-being of the Nation.

    In order to tell the American people the facts, and to let them know that I shall fight to preserve the Social Security System and protect their benefits, I will ask for time on television to address the Nation as soon as possible.

    During this address, I will call on the Congress to lay aside partisan politics, and join me in a constructive effort to put Social Security on a permanently sound financial basis as soon as the 97th Congress returns in September.

    Sincerely,

    Ronald Reagan

    I hear often in today's debate about entitlements and then in the next breath from those wishing to destroy the trust between Social Security and this nation how much they are like Ronald Reagan. I would suggest that at least some of them take a real look at the man before advocating reforms to the point where that trust is broken. In fact when asked if he collected Social Security, President Reagan's response was, " of course I do, I paid into it". This is NOT to be taken as a critical opinion on Reagan , on the contrary, I was and still do see the man as a good President for this nation, because his love of this nation was so intense it knew no party it only knew Americans.

    I am asking the Congress to restore the minimum benefit for current beneficiaries with low incomes. It was never our intention to take this support away from those who truly need it. There is, however, a sizable percentage of recipients who are adequately provided for by pensions or other income and should not be added to the financial burden of social security.

    The same situation prevails with regard to disability payments. No one will deny our obligation to those with legitimate claims, but there's widespread abuse of the system which should not be allowed to continue.


    Social Security Online
     
  2. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I hear it all the time on TV from the lib/dems, the repubs want to take away or diminish the SS benefit for retirees who worked for 45 years putting into the system and now depend on their monthly check. In fact, no repub has ever said we should reduce anybody's existing benefit, if you're on SS now or about to be within the next 10 years, every GOP plan has excluded those people.

    Instead the repubs have tried to make the SS program sustainable for future retirees by raising the retirement age or by recalculating their benefit or even means testing. But the dems have demagogued it to death, electing to try for political points by deliberating lying about the repub intentions.
     
  3. Navy1960
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    Navy1960 Senior Member

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    Wise, I am all for means testing Social Security for things such as high income individuals, further when Social Security was created the average life span of Americans was shorter than it is today, so thing such as these I take no issue with. Where I part company with others, is when they start to advocate for such things as reducing or eleminating Social Security all together for current people on it and for future generations. Let me cite you small examples, if our nation were truley serious about this conversation then they would recoginze that the Govt. for years both Republican and Democrat have raided the Trust fund to the point where one of the largest debt holders of American debt is Social Security. So it seems to me that by making a scapegoat of Social Security many are shooting themselves in the foot. This idea of making it optional, while on the surface may seem nice what it will eventually lead to is a perpetually underfunded Social Secuirty system, and I submit this does not need to happen when simple fixes , or perhaps dare I say it, focusing on paying back the Trust fund, might just make this less a problem that people seem to make it out to be.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I don't like the idea of making it optional or privatizing it either. Dont screw with it, leave it as is except for setting the retirement age to a reasonable number or in some ways making it sustainable. People are supposed to be supplementing their SS, that's what 401ks and IRAs are for. SS isn't supposed to be your only source of income after you stop working.
     
  5. Navy1960
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    Navy1960 Senior Member

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    Here's something else to consider, and was talking about this morning with a friend, if someone were making lets say, 300K a year and had 5 different retirement incomes then at what point do we "means test" Social Security? The sad thing is for many Social Security is all they have, and if one has been in the Military retirement system for any length of time they know a thing or two about reduction in benefits *lol*. I just believe and still do this nation needs to refocus on the fact Americans should come first then the rest next, and it seems to have lost that concept a little.
     
  6. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I don't think we oughta be sending a monthly check to somebody that's making 300k. If I'm not mistaken, the SS tax stops after your 1st $108,600 dollars, true? Well that's where I'd start the means testing, if you're making more than that then you don't need SS IMHO.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Don't try to take Granny's social security away from her or ya liable to draw back a bloody nub...
    :eusa_shifty:
    Social Security Trustee: Obama's Tax Plan Could 'End Social Security as We Know It'
    December 13, 2011 – A Social Security trustee says that extending the cut in the Social Security tax, as President Obama is demanding, could make the entitlement program more dependent on income tax revenue in the future, leaving it with less political protection than it enjoys now.
    See also:


    Hatch: Payroll Tax Extension ‘Very Dangerous’ to Social Security
    December 13, 2011 – Sen. Orrin Hatch (R-Utah), top Republican on the Finance Committee, has concerns about the impact that extending the payroll tax holiday will have on Social Security, but he said the House Republican package debated Tuesday offers avenues to trim spending and spur job growth.
     
    Last edited: Dec 14, 2011
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Social Security in the red for 2011...
    :eusa_eh:
    Social Security Ran $45 Billion Deficit in 2011
    February 14, 2012 – Social Security ran a deficit of approximately $45 billion in 2011, according to official government figures and CNSNews.com calculations. That figure is slightly lower than the $49 billion deficit the government reported in 2010.
     
  9. Dante
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    Dante On leave Supporting Member

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