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1 posted on 10/25/2003 5:53:35 AM PDT by Tumbleweed_Connection
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To: Tumbleweed_Connection
They give with one hand and take with another," said Abe Goldberg, 72

You're still one up on me Abe. Since I was 15 they've been taking with both hands.

2 posted on 10/25/2003 5:57:14 AM PDT by Tijeras_Slim
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To: Tumbleweed_Connection

Senators Approve Own Raise
For a Fifth Straight Year

Associated Press
 

WASHINGTON -- The Senate voted itself a pay raise for the fifth straight year, boosting the annual salary to about $158,000 in 2004.

The House also agreed last month to accept an increase in the annual cost-of-living allowance, which gives all members of Congress a boost of about 2.2% in their take-home pay starting in January.

Sen. Russell Feingold (D., Wis.), who every year stands up against pay increases, said that with the economy still weak and many Americans finding it hard to make ends meet, it was "the wrong time for Congress to give itself a pay hike."

"This automatic stealth pay raise system is just wrong," he added.

Mr. Feingold said that with an annual increase of about $3,400 slated for next year, an election year, members of Congress will have received a $21,000 raise in their pay over the past five years.

The Senate, by a 60-34 margin, tabled or killed his amendment to a pending appropriations bill.

Senate Appropriations Committee Chairman Ted Stevens (R., Alaska) said it was a mistake to call the adjustment a pay raise, and that lawmakers were merely receiving a cost-of-living increase being given to other federal workers and military personnel. "This increase is required by law," he said.

The pay issue was taken up as part of a $90 billion spending bill for fiscal 2004 for the departments of Transportation and Treasury. It includes a 4.1% raise for both civilian and military employees. Under a complicated formula, that translates to about 2.2% for members of Congress. This year, rank-and-file members will receive $154,700 each.

That is slightly less than the average wage increase in private business. According to the Bureau of Labor Statistics, wages among all nongovernment workers rose an average 2.7% from July 2002 through June 2003.

The 2.2% increase also applies to the vice president, congressional leaders and Supreme Court justices. President Bush's $400,000 salary is unaffected by the legislation.

Wall Street Journal - 10/23/03

 

These guys vote themselves raises, increase our taxes, and do not pay into a social security system they created because it isn't good enough for them.   American Taxpayers need another tea party. 

 

 

3 posted on 10/25/2003 6:12:38 AM PDT by tomball
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To: Tumbleweed_Connection
This SS scam should never had been started in the first place. Thank you Roosevelt! Just a method for the politicians to beat us over the head with every election year so as to get re-elected.
4 posted on 10/25/2003 6:15:25 AM PDT by Piquaboy
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To: Tumbleweed_Connection; Bigun; Taxman; ancient_geezer
End the concept of income-based taxation. It doesn't work. It is bound to collapse under its own weight, just like any socialist scheme.

For America to survive as we know her, the income tax must be eliminated.

5 posted on 10/25/2003 6:17:06 AM PDT by Principled
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To: Tumbleweed_Connection
$11,000/year for an 70-yr old widow with an unwed pregnant teenage granddaughter living with her. Poverty line is $12,353 for this scenario (U.S. Census Bureau). That's compassion? About as compassionate as giving the homeless drunk a cardboard box to sleep in.

Just think what her deceased husband could have done with his hard-earned income over his decades of work if he had been able to take those SS taxes and invest them in the company pension plan.

Gad, I wish the would "let my people go" from this daily-looted ponzi scheme.

6 posted on 10/25/2003 6:18:21 AM PDT by anniegetyourgun
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To: Tumbleweed_Connection
"They give with one hand and take with another," said Abe Goldberg, 72

About one-third of Americans 65 and older count on Social Security for 90 percent or more of their income

The government, and the politicians that run it, has gained more power over us as more Americans depend on it for their income. We have slowly sacrificed our independence for the promise of future care as we grow old. As a result, we have become wards of the socialist state in our contract with them called Social Security.

11 posted on 10/25/2003 7:38:42 AM PDT by eggman (Social Insecurity - Who will provide for the government when the government provides for all of us?)
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To: Tumbleweed_Connection; All
My suggestions, complete with offsets below. It's not ideal, but might be generally acceptable to left and right. It's a terrible thing to have to correct this mess, but someone needs to do it. And it must be done with ONE overriding objective: allowing people to create their own wealth and future. When the Founders said "freedom" - they meant we were to be free to be prosperous through productivity and thrift, but they never meant we were to be guaranteed freedom from want.

1. Freeze congressional salaries and benefits, as well as staff size for the next 10 years.
2. Keep the promise to seniors for SS payments who are on it now, and those who are 50 or older as of 1/1/04 and want to be a part of this bad investment.
3. Exempt folks in category #2 above who have a current net worth of over $1M. They must continue to pay (if working) taxes into the system, but they will never see any of it in benefits.
4. Allow singles still in the SS scheme to elect a beneficiary to receive (in one non-taxable lump sum) exactly what they put into the system if the taxpayer dies before they are eligible to receive benefits.
5. Raise eligibility age to 67.
4. Allow those under 50 as of 1/1/04 to extract themselves completely, requiring them to place the equivalent amount (pre-tax) of what they would have paid in SS taxes into any sound investment instrument of their choosing via direct deposit or other transfer.

12 posted on 10/25/2003 8:45:25 AM PDT by anniegetyourgun
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