Posted on 08/24/2009 6:02:04 PM PDT by SalAOR
It’s funny. Some of the veteran teachers I work with indicated last November that the largest pay increases they ever received occurred during Reagan and Dubya’s time in office; that in fact when Dems are in the White House, raises were more like meager cost of living adjustments which ended up netting less than the rate of inflation. Anecdote, I know, but interesting. I digress.
Social Security hasn’t missed a COLA (cost of living adjustment) increase since 1975, but is slated to stay flat for the next two years (outside those whopping stimulus checks, of course!). This amounts to a decrease given that inflation tends to creep, while their payments will stay the same until 2011 (BTW that’s when the Bush tax cuts expire too… hmm).
(Excerpt) Read more at axisofright.com ...
Dump Social Security
Dump Medicare.
Colas are supposed to be determined each year in October and go into effect the following January. Does this administration have the authority to suspend the law?
As I understand it, forecasts by the Obama administration and the Congressional Budget Office indicate that Social Security beneficiaries will not receive any cost-of-living increase in 2010 or in 2011.
I don't believe any laws were changed or suspended.
As I understand it, it is not up to them. The determination is supposed to be made based upon actual inflation figures not on someones prediction of what CPI will be.
Imagine the howls from Democrats if there had been no Social Security COLA under George Bush.
And that is exactly why we must Abolosh Medicare.
Well, that and the fact that Medicare is Socialized Medicine.
On what are the elderly who depend on Social Security supposed to live on? *rme*
Perhaps they should have depended on saving money while they were working instead of depending on Socialized Security.
However, they should receive a check for the total amount of money they received plus interest. And of course subtract the amount of money they have received from Social Security to date.
As for Medicare, we must aboliosh that program to and let the elderly buy their own health insurance.
Abolish Social Security
Abolish Medicaid
Abolish Medicare
and abolish
That stupid Medicare Part-B
I have input something like $50,000 into the Social Security system since 1961. If I could have invested that into the stock market and if my picks averaged out to something close to the DOW averages over the same time period, I would be sitting on around $!,200,000. So you in your infinite largess expect to give me the $50K back with interest and call it square. I'd even settle for 6% compounding over 48 years. Tell you what, give me the time value of money on the cash the government extorted from me and I'll let you keep the $50K as "CHANGE". I'd strongly suggest that you do some calculating before you start making out checks for the "refund plus interest" you might find yourself in a bigger hole then the SS fund represents today.
and abolish
That stupid Medicare Part-B
I believe that would be part-D not part-B. If you are going to enter an argument and propose abolishing things, it behooves you to at least get the names right lest someone think that you know not of which you speak.
Regards,
GtG
His poll numbers are sinking...their poll numbers are sinking. The Dem’s will find a way to get them money. They can’t afford to go into 2010 elections with pissed off elderly folks.
Medicare Part B or Part D, it does not really matter as it is just another example of Socialized Medicine in the United States.
And is this country, only the Socialists want Socialized Medicine.
Again it is time that we Abolish all of Medicare and Medicaid.
And is this country, only the Socialists want Socialized Medicine.
Again it is time that we Abolish all of Medicare and Medicaid.
I have no idea how old you are but I guessing under thirty. I've been paying into the system you want to destroy for 48 years. I had no choice in the matter, the monies were removed from my salary before I even saw it. We were not asked, we were told that was the way it would be and like it or not that is the way it was.
I agree with you the system we have today is not sustainable. It is a "Ponzi" scheme and if Bernie Madoff had been running it instead of the US government he would have gotten 200 years instead of the 150 that he richly deserved. However, there are millions of people that have been paying for a lifetime into the scheme with the promise that they would receive benefits when they reached the magic age of 62 for SS and 65 for Medicare.
From their (and my) perspective we have been pre-paying our "insurance premiums" and expect to receive the coverage that we have already paid for.
How do you propose to transition these people over to private insurance? _____________ (Fill in the blank with whatever you are proposing here)!
It's rather like changing tires on a car going down the interstate at 70 MPH. We all know where we are, most agree on where we want to wind up. What we have yet to agree on is how we get there. I'll listen to whatever you propose. Just remember to try to see it from our perspective before making any snap decisions.
Regards,
GtG
I am in my mid forties and have been paying into the system of Socialized Medicine for many years. However, simply because we have been paying into Medicare, (Socialized Medicine) for many years, it does not mean that we should continue Socialized Medicine otherwise known as Medicare.
How do you propose to transition these people over to private insurance?
You will need to find a private insurer and, like everyone else, write the insurance company a check each and every month.
This is where we part polite company, your idea is totally unacceptable. It has nothing to do with socialized medicine, it has to do with unpaid obligation.
Regards,
GtG
PS If you really feel that way about it, stop paying your SS and FICA tax right now and see how far your idea will get you. Best of luck, you'll need it.
Okay, then you can have the money back that you have contributed to Medicare and then with that money you can go out and buy private insurance.
We Must Abolish Medicare!
Well, that's closer but since we are now talking fantasy here, how about the interest I lost compounded over the 48 year period of the ongoing theft? I'm not greedy, I'd settle for the "prime rate" that applied during each of those years.
Now to be realistic any such refund is impossible when multiplied by the millions of us (including you) who have/are paying into the government run Ponzi scheme. The Fed's don't have the money, it was diverted into the general fund and has been long gone spent on more or less useless government projects. They replaced the actual cash with worthless bonds which serve as IOU's for the stolen cash. The only possible way to redeem those bonds would be to tax us all over again to repay the diverted funds that theoretically belonged to us. Pretty neat, ain't it? Congress diverts the funds (steals them) and then makes restitution by taxing use a second time to pay us back with our own money! Only a government parasite could think up such an indecent twist of morality.
I have to admit that there appears to be no way to get off this slow motion train wreck, we are soooo well and truly screwed.
Regards,
GtG
PS There is no justice this side of the grave!
PPS I expect that some genius will want to crank up the printing presses and just print funny money to make up the deficit. We have Weimar Germany, Argentina, and Uganda to show us how that would work out.
If you don't stop Medicare, one of these days you and I are going to spend our sunset years telling our children and our children's children what it once was like in America when men were free.
-Ronald Reagan
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