Bush Admin. urges Social Security fix

http://news.yahoo.com/s/ap/20070924/ap_on_go_ca_st_pe/bush_social_security;_ylt=AngA5pWi.f_hEFOnitQeU7Cs0NUE ^ | Sep 24, 2007 | MARTIN CRUTSINGER

[decimon]

As long as get mine. I'm a Boomer (almost) and I'm entitled to all I can get.

[stephenjohnbanker]

Start a home business!

[Thebaddog]

With all due respect, W should just keep his mouth shut and work on the WOT exclusively. If he sneaks a win out of that one in the next eight months, all is forgotten. Otherwise, all extraneous comments are just freaking unwelcome. JMHO.

[evad]

but, but, what about the trust fund ;-)

[RC2]

If the government stops borrowing the money and pay back what they have borrowed, you should get your SS.

[Redcloak]

Pull the plug and let it die.

[Obie Wan]

Well I agree with Bush that Social Security needs to be “reformed”,however I disagree with one of his “reform” ideas. The one about putting 20 MILLION illegals who never payed in a dime on the system !!!

[VictoryGal]

Too late, W. You blew your political capital with handouts and amnesty, and now we have a Dim congress so forget the benefit cuts. Sad to say, but focus on what is possible, not something that has a snowball’s chance in heck. Looking for your legacy here is a fool’s paradise.

[decimon]

It’s mine! Mine!

[businessprofessor]

I am also a boomer who has contributed at the maximum amount for many years. We may deserve benefits but since social security is a Ponzi scheme, we will not get the benefits that we deserve. Directly or indirectly, benefits will be cut. The most likely scenario for direct cuts are raising the retirement age. The indirect cuts will come in tax increases on current income and investment income in retirement. Dims are busy thinking about tax increases to cover the larger benefit outflows in the near future.

Another indirect way to pay is a lower standard of living with inflation. If the dollar continues its slide, foreign goods will become very expensive, especially energy produced elsewhere. Large reductions in the value of the dollar will cause inflation at every level and lessen the value of retirement savings and social security benefits.

I am pessimistic about the entitlement situation especially with Medicare. I do not see how our standard of living can be maintained with the huge increases in government spending for entitlements.

[TomGuy]

Well I agree with Bush that Social Security needs to be “reformed”,however I disagree with one of his “reform” ideas. The one about putting 20 MILLION illegals who never payed in a dime on the system !!!

SS reform was supposed to be his big plank after his reelection in 04. He proprosed and Congress shelved it. He didn't push any further. Bush squandered so many opportunities to do things, such as SS reform or breaking up the 9th Circuit, when he had Republican majorities in both Chambers.

It is too late and Bush is too much of a lame duck for Congress to take on any big issues that would give him a better legacy.

[decimon]

The most likely scenario for direct cuts are raising the retirement age.

I don't know if that's most likely but it is most logical.

[ari-freedom]

the only way out of this is to grow the economy by cutting the corporate tax. It is much too high compared to the rest of the world.

[joseph20]

I got an idea for fixing Social Security.

Just END it. Today. No refunds.

[Obie Wan]

But the point is,that Bush DIDN’T accomplish any SS reforms but was still willing to sign 15-20-25 million illegals onto it anyhow !!!

[isrul]

Never! You must share and sacrifice to provide for Bush’s amigos. Whether in or out of the shadows, they must be provided for.

[decimon]

I got an idea for fixing Social Security.

Just END it. Today. No refunds.

So then, I should get screwed today as thanks for being screwed all those yesterdays?

[sheana]

Social Security would have been easy to fix years ago. If the monies collected had actually been put into a massive account that earned interest instead of them spending every dime elsewhere and putting in IOU’s, there would be tons of money from compound interest alone.

Of course that is just too simple for our ‘leaders’.

[Lucius Cornelius Sulla]

It’s mine! Mine!

I wants it!!
My precious!

[joseph20]

"So then, I should get screwed today as thanks for being screwed all those yesterdays?"

Yes, my plan has two parts:

1. U.S. Government stops writing all SS checks today.
2. U.S. Government stops deducting all SS taxes today.

Wait till you hear my plan for Welfare and Medicare.
Note: I am not running for office :)