Posted on 10/30/2015 2:59:40 PM PDT by UncleRicosFootball
From Mike Lee's Facebook:
This is how it happens.
Last night while you were sleeping the Senate voted to steal $150 billion dollars from the Social Security Trust Fund. I joined 34 of my colleagues in a vote to prevent this raid. I would like to thank Senator Rand Paul for leading the fight to protect to Social Security from the thieves in Washington, who seem to think that if they steal from the American people at night while they are sleeping that they will get away with it. I was proud to vote with Senator Paul on his point of order that would have protected Social Security, and I ask you to help me shine a light on what Washington has tried to hide from you in the darkness of night.
If everyone who sees this message shares it, it will reach millions of Americans. As someone who has been fighting for years to reform our broken government in Washington, I know it is exhausting, I sympathize with your frustration, and I understand your impatience. But don't give up. Washington wants you to give up.
Just remember, a vote to raid social security in the middle of the night in a desperate attempt to perpetuate an unsustainable spending addiction isn't a sign of strength. It is a sign of weakness.
MSM will help the Dems and GOPe keep it hush hush until it takes affect. These robbing bass turds will stoop to nothing to keep spending to no end.
sorry- ping to # 5
DC is a cancer. You don’t cure cancer with a ballot box.
No truer words were ever spoken.
<>THESE RINOS NEED TO BE PRIMARY’D <>
Sending good men and women to corrupt institutions result in corrupted men and women.
The Senate must once again represent the states.
“....the thieves in Washington, who seem to think that if they steal from the American people at night while they are sleeping that they will get away with it”
They don’t THINK they can get away with it. They KHOW they can get away with it. They get away with it all the time.
Sorry, but I'd like to know more than just this non-specific statement.
The proposals that have been discussed were to reduce Social Security benefits for a relatively small number of people. They were taking advantage of an obscure provision in the law to increase their total benefits over their lifetime.
If so, this doesn't "steal" from the Trust Fund. If anything, it makes it last a little bit longer before it is exhausted around 2034.
Social security is doomed no matter what. The GOP would do well to simply declare that it’s a problem the Democrats created and they now must fix it or go down with the ship. Not even privatization can fix it at this point.
I don’t doubt that they stole the money but I’d like to see something more specific as to how and what impact it will have.
“Last night while you were sleeping the Senate voted to steal $150 billion dollars from the Social Security Trust Fund.”
Does anybody know or is anybody willing to write in anything but in obscure terms anymore. Does anybody know how to give an executive summary anymore?
Living Proof we need Term Limits.
One term in office,
Two terms in JAIL!!!!
The deal hikes spending in the short term, lifts the debt ceiling and is held together by a host of budgetary tricks and sleights-of-hand.
One of the more egregious acts is to take $150 Billion out of the Social Security Trust Fund to prop up the program’s disability benefits. The Social Security raid will keep the disability program solvent through 2022, at which time Congress is likely to again raid the federal pension program.
The Disability Insurance fund of Social Security is one of the fastest growing federal entitlement programs. Created in the 1950s, it was designed to provide temporary assistance to workers suffering medical disabilities that prevented them from working. In the last several years, however, the program has ballooned.
Between 2007-2011, applications for disability assistance grew by a third. The Inspector General of the Social Security Administration found that disability applications rose in tandem with unemployment and the expiration of unemployment benefits. The finding suggests that unemployed workers are using the disability program as a kind of welfare, rather than assistance for an actual disability. The Inspector General’s office even suggested that Social Security’s disability program was the “new welfare.â€
http://www.breitbart.com/big-government/2015/10/29/house-budget-robs-social-security-welfare-payments/
This raised the SSDI share of the SS payroll tax from 1.8% to 2.37% for two years, reducing the amount going to ‘regular’ Social Security by a like amount.
“HR 1314... SEC. 833. Reallocation of payroll tax revenue.
(1) WAGES.—Section 201(b)(1) of the Social Security Act (42 U.S.C. 401(b)(1)) is amended by striking “and (R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and so reported†and inserting “(R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and before January 1, 2016, and so reported, (S) 2.37 per centum of the wages (as so defined) paid after December 31, 2015, and before January 1, 2019, and so reported, and (T) 1.80 per centum of the wages (as so defined) paid after December 31, 2018, and so reported,â€. “
Of course 2 years won’t be enough.
Relevant section of the law above.
So it does not do a thing to extend the death date when SS becomes insolvent for all the people who DID pay into it?
54:57 Min mark
Sen. Paul Speaks Against Budget Deal After Senate Votes to End His Filibuster - October 30, 2015
https://www.youtube.com/watch?v=wUBlFUugmLU
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