The Great Compromise strikes again. The 17th Amendment is the most egregious piece of legislation in our nation’s history.
It is not SS that we need to be worrying about it is the rise in Health Care Costs, we going to spend about $2.7 Trillion in costs and we only take in about $460 Billion in Medicare Taxes. Medicaid Costs are killing us and we can’t afford it.
Cloward and Pivin, meet Social Security.
“to raise monthly benefits for public employees, even though their complaints are phony.”
I guess folks already forgot recent events, what with people actually paying attention a bit these days.
They start getting blatantly greedy and then s*** happens, after which the greedy little jerks are sooo shocked.
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BTTT
Bull crap. Teachers, cops, firefighters etc. that get a retirement from one system, and then with a second job before and after their work in those fields get fully vested in Social Security. But when it’s time to get that Social Security, it’s cut by 50%.
I would only be giving them the Social Security they completely earned. As long as recent immigrants get Social Security disability, as long as we have billions to give to Ukraine, this should pass.
As long as the US government funds the entire Ukrainian Social Security fund, this should pass. As long as they have free money to give away to 30 million illegal aliens, fly them around the country, fly them from all over the earth, money to give to the Hamas government, money to give to Syria,… You bet American retirees should come first and get the actual pension that they legally qualified for
I paid into SS for 40 years but I get a reduced benefit because I was in LE and did not contribute to SS from that job. But I did from my second job. But I’m being punished financially because I served my state and my country.
Lame duck sessions are the worst. They used to be simply about clearing up remaining administrative matters, but now they’re used to pass controversial legislation, sometimes supported by members who are on their way out, and therefore not accountable.
FICA tax that you paid 30 years ago has already been paid out to your parents or other older folks of similar age.
The same FICA dollar can’t be given to both you and your parents.
Social Security has been called a Ponzi scheme, and it shares the characteristic that those that take their money earlier get the winning hands.
Social Security considerably favors those who paid in for fewer years or in smaller amounts.
This article is total and complete nonsense. To say public employees claims are false is outrageous. My wife worked 26 years in public education as an administrative assistant and has earned a paltry pension of around $1,100/mo. She also worked in the private sector paying into social security for +/- 20 years, well over the 40 quarter requirement to receive full benefits. However, any social security she receives is offset by 2/3 of that pension payment. Now +/-$750/mo may not sound like a lot to any of you, but it means the world to us. It’s been that way for several decades. It was wrong when it started and it’s wrong today. Yes, social security will go bankrupt if something is not done, like reducing benefits and raising social security payments on the workforce. So my question is this . . . Why should our benefits be further reduced when our reduced benefit has been contributing to offset the problem already? The fair thing to do would be to give everyone the benefits they have earned, and then we all participate on a level playing field when benefits have to potentially be reduced to save the program? Anything less than that, is double penalizing people that don’t deserve it. This has been a gross injustice that has financially burdened those people (educators, police, firefighters, etc. etc.) that have put their lives on the line for the safety of all and the education of our children.
Legal workers pay in to FICA.
ILLEGALS don't
Public enslavement through public debt.
Social security should be privatized, and what you collect should be based solely on what you paid in. If the contribution into the system was 100,000 over the working years, then the payback should be based on that figure, much like an annuity. Put in $200,000 And get twice the benefit. Enough of this sharing with the deadbeats nonsense.
This article is complete BS !!! The people who are affected by the WEP and GPO are public employees who have worked outside government as well and contributed to the Social security system paying their FICA as well as FITW and Medicare tax from their non-governmental employment. They have worked under the SS rules for the required number of quarters as per the law. They had their legal, promised SS benefits reduced by virtue of their other employment for governmental agencies. How is it fair for them to be denied the SS benefit that anyone else receives for similar contributions? As I am led to believe, this WEP and GPO does not apply to State Representatives and judges who also receive governmental pensions (someone correct me if that is not correct, please.). In addition when I die, my spouse will not be able to receive my social security payments as any other spouse would receive by virtue of SS rules because she worked as a teacher. That is nothing other than government-approved theft in my opinion. The Senate should repeal WEP and GPO and if SS needs fixing, fix it without penalizing persons who played by the SS rules in place while they were working in the private sector. They worked and paid SS taxes and have been cheated out of their promised SS benefits !!!
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When a generous pension just isn’t enough. “W” is for “windfall”. The problem is that these people want SS to use the benefit calculation formulas that were designed to help LOW income earners (sweet deal if you can get it) not those who made good money AND a nice pension.
“As early as today, the Senate will vote...”
Allrighty then, did they vote on the blasted thing? If so, what was the result? I can’t seem to find anything.