Joe Biden says Social Security and Medicare need to be on the table to solve deficits.

[meaner gene]

I accept your concession it isn't part of the proposal by one Senator.

Dismissed, Simp.

As I already posted, republicans ran on NOT passing any democratic legislation, such as social security or medicare.

 

[meaner gene]

Republicans promised not to pass democratic legislation.

Therefore by sunsetting a democratic law, they refuse to pass it anew.

It's GONE.......

QED.

 

[KissMy]

Planned Unparenthood is full of shit.

Under TX law you can get an abortion up to 6 weeks. Abortion isn't banned, liar..

Most women don't even know they are pregnant by 6 weeks, so it's effectively a ban.

 

[Nostra]

As I already posted, republicans ran on NOT passing any democratic legislation, such as social security or medicare.

NEWSFLASH: SS and Medicare are already enshrined in the law, Dumbass.

 

[meaner gene]

Most women don't even know they are pregnant by 6 weeks, so it's effectively a ban.

Many home pregnancy tests claim to be able to tell whether you're pregnant as early as the first day of a missed period.

But home pregnancy test results are more likely to be accurate if they are taken after the first day of a missed period.

Basic biology says that it can take more than 4 weeks just to be able to detect a pregnancy.

 

[meaner gene]

NEWSFLASH: SS and Medicare are already enshrined in the law, Dumbass.

Not if they sunset every 5 years, DUMBASS !!!!

That's why I said that's the death of those programs.

 

[KissMy]

You do realize people invest for retirement for more than one year, right Simp?

A few counties in TX opted out of SS in the early '70s prior to Congress outlawing it. They set up a similar system and their retirees get 3 times + monthly what a SS recipient gets, and they get to leave several hundred thousand dollars to their heirs.

On SS you can pay in for 50+ years and die right before you start collecting and get zippo.

Which system is better?

You can pay into the stock market & get zippo at any time. Most prefer not to gamble with SS, so they have a safety net when wall street picks their pockets clean.

 

[Nostra]

You can pay into the stock market & get zippo at any time. Most prefer not to gamble with SS, so they have a safety net when wall street picks their pockets clean.

The stock market isn't the only option for investments, Dumbass.

See Galveston County Texas for an education.

 

[Nostra]

Not if they sunset every 5 years, DUMBASS !!!!

That's why I said that's the death of those programs.

Do they sunset every 5 years?

 

[BlindBoo]

So, what you’re saying here is that no established ruling of prior SCs should ever be overturned?

No. I'm saying they lied about their motive then and they are lying about their motive now. They want to kill SS for future generations so corporations and businesses will no longer be obligated to pay the matching funds, which will increase profits, bonuses, campaign contributions.....

 

[meaner gene]

Gotta link to the 60 vote requirement?

And then explain how that means he has announced he wants to get rid of SS and Medicare.

Let me remind you about republican bill to sunset federal laws every 5 year, and their promise not to pass any democratic legislation like social security or medicare.

 

[BS Filter]

Actually republicans never had the opportunity through direct up and down vote. The popularity of social security and medicare is so great, that even majority republican districts would vote them out of office.

The plan to cut social security and medicare was by running up the deficit, until the country would have to choose between cutting social security and defaulting on the debt.

Bullshit.

 

[meaner gene]

You can pay into the stock market & get zippo at any time. Most prefer not to gamble with SS, so they have a safety net when wall street picks their pockets clean.

Letting people "gamble" on the stock market, means logically why not let them gamble on other money making schemes, like the lottery, sports betting etc.

 

[Nostra]

Let me remind you about republican bill to sunset federal laws every 5 year, and their promise not to pass any democratic legislation like social security or medicare.

So no link.

Got it.

 

[meaner gene]

Do they sunset every 5 years?

This is where you have to be able to consider more than one thought at a time.
1) Pass sunset law (5 years and it's gone)
2) Promise never to pass any new democratic legislation including those sunset

It's just like how the republicans overturned Roe v Wade, another two step process, starting with packing the Supreme Court.

 

[Nostra]

Letting people "gamble" on the stock market, means logically why not let them gamble on other money making schemes, like the lottery, sports betting etc.

Quick question: Would you rather have the plan below, or SS?


But the Alternate Plan takes a different approach, one I call a “banking model.” Employee and employer contributions are actively managed by a financial planner—in this case, First Financial Benefits, Inc., of Houston, which both originated the plan and has managed it since inception.

The contributions are pooled, like bank deposits, and top-rated financial institutions bid on the money. Those institutions guarantee an interest rate that won’t go below a base level, and could go higher if the market does well. Over the last decade, the accounts have earned between 3.75 percent and 5.75 percent every year, with an average of around 5 percent. The 1990s often saw even higher interest rates, 6.5 to 7 percent. Thus, when the market goes up, employees make more; and when the market goes down, employees still make something.

Like Social Security, employees contribute 6.2 percent of their income, with the county matching the contribution (Galveston has chosen to provide a slightly larger share). Once the county makes its contribution, its financial obligation is done. So there are no long-term unfunded liabilities.

But not all of that money goes into an employee’s retirement account. When financial planner Rick Gornto devised the Alternate Plan in 1981, he wanted it to be a complete substitute for Social Security. And Social Security isn’t just a retirement fund; it’s social insurance that provides a death benefit—a whopping $255—survivors’ insurance, and a disability benefit.

Part of the employer contribution in the Alternate Plan goes toward a term life insurance policy, which pays four times the employee’s salary tax free, up to a maximum of $215,000. That’s nearly 850 times Social Security’s death benefit.

More importantly, if a worker participating in Social Security dies before retirement, he loses his contribution (though part of that money might go to surviving children, if any, or a spouse who didn’t work and therefore didn’t establish his or her own benefits). But a worker in the Alternate Plan owns his account, so the entire account belongs to the estate. There is also, among other benefits, a disability benefit that pays immediately upon injury, rather than waiting six months, plus other restrictions, as under Social Security.

And those who retire under the Galveston model do much better than Social Security. For example:

• A lower-middle income worker making about $26,000 at retirement would get about $1,007 a month under Social Security, but $1,826 under the Alternate Plan, according to First Financial’s calculations.
• A middle-income worker making $51,200 would get about $1,540 monthly from Social Security, but $3,600 from the banking model.
• And a high-income worker who maxed out on his Social Security contribution every year would receive about $2,500 a month from Social Security vs. $5,000 to $6,000 a month from the Alternate Plan.

What the Alternate Plan has demonstrated over 30 years is that personal retirement accounts work, with many retirees making more than twice what they would have made under Social Security. And that model could work for the roughly 25 percent of public employees—about 6 million people—who are part of state and local government retirement plans. It could also serve as a model for reforming Social Security.

How Three Texas Counties Created Personal Social Security Accounts and Prospered

Three Texas counties opted out of Social Security 30 years ago by switching to personal accounts, and those workers have made money every year.

www.forbes.com

 

[Nostra]

This is where you have to be able to consider more than one thought at a time.
1) Pass sunset law (5 years and it's gone)
2) Promise never to pass any new democratic legislation including those sunset

It's just like how the republicans overturned Roe v Wade, another two step process, starting with packing the Supreme Court.

How did Republicans "pack" the SC?

Last time I checked there are still only 9 members.

 

[Admiral Rockwell Tory]

Actually republicans never had the opportunity through direct up and down vote. The popularity of social security and medicare is so great, that even majority republican districts would vote them out of office.

The plan to cut social security and medicare was by running up the deficit, until the country would have to choose between cutting social security and defaulting on the debt.

Social security and Medicare have nothing to do with the debt. You are ignorant.

 

[Admiral Rockwell Tory]

Sen. Mike Lee (R-Utah) “It will be my objective to phase out Social Security, to pull it up by the roots and get rid of it”

13 years ago? Really current!

 

[meaner gene]

How did Republicans "pack" the SC?

Last time I checked there are still only 9 members.

The Mitch McConnell hypocrisy. Where SC judges aren't confirmed in an election year.

Except when they're confirmed in an election year.