Saving and Protecting Social Security
A Plan to Ensure Retirement Security for All Americans
http://www.fred08.com/virtual/socialsecurity.aspx
actually medicare is even harder, especially with the recent medicare expansion (sorry Hunter fans but Fred is against it and Hunter voted for it)
I don’t think I will have a hard time finding folks round here to agree with me that Obama’s suggestion that we, oh... Ah! RAISE THE TAX! is a very bad idea.
First of all, raising any tax is a bad idea.
But raising this particular tax is a doubly bad idea. That’s because it is intended to dupe the gullible into thinking that more money is being put away in the “lock box” to pay for future benefits. Excuse me while I roll around on the floor laughing my head off.
What a whopper! All that can result from such an increase is that the Social Security Administration will send even MORE money over to the Treasury, who will then straightaway spend it.
NONE of this money will be set aside to pay for future benefits. You can count on that like death.
When the promised benefits come due, the Social Security Administration will go to that notorious warehouse in Ohio, pull some of the Treasury paper residing there, and present it to the Treasure for redemption.
And what then? Well, the indebtedness will be redeemed, I presume, at least for a while. But... where will the money come from to redeem all these trillions upon trillions of dollars? Well, the answer to that question should surprise no one. It will come from the very same families that already paid.
The beauty of this system is that you not only get to pay once, you get to pay TWICE.
In truth, it will be mostly your kids, and your grandkids who will be paying to redeem the money you thought the government was saving for you, but spent instead.
It is as if instead of actually going to the bother of investing money to pay for your kids’ college expenses, all you did was to put IOUs in a cookie jar, to be repaid from family income. Imagine the shock they will feel when thy go to the cookie jar to get the money and find nothing but those pesky IOUs. And imagine their chagrin when they find that you have no intention of making good on them at all, instead telling them this particular responsibility has been passed along to them.
They are going to be righteously PISSED OFF!
I sure hope I’m not at the receiving end of the “end of life” decisions likely to be made by this younger generation, ALREADY been robbed blind by their parents and grandparents, then rudely sent the bill.
Who thinks SS reform and illegal immigration unrelated?
There is a greater threat to Social Security, Scientists at the Southwestern Medical Center here in Dallas are working on a enzyme treatment that can extend life to 150 years. That’ll break the bank!
I would make the quarters increase to 120 quarters before you are eligible for social security. Right now it is 40 quarters which is only 10 years. I would stop all SS for anybody who is not eligible period. Kids should not be getting SS unless they have their 100 quarters. Parents should have life insurance to cover a death. People who get Disability SS would only get it at age 70 if they have their quarters. Raise the age to 70. Let’s say a person is 70 and has 115 quarters, they would not receive SS until they receive the other 5 quarters which is another 1 and 4 months. That person would begin receiving SS at 71 and 4 months. There would be no early retirement age. Husbands and Wives would receive separate checks but if you don’t have your quarters then only one check is given until both qualify. I believe SS would survive under my plan. Let’s take away the welfare part of SS! Your thoughts?
Heck...just take the SS monthly premium..place it in a life insurance policy....and at 65 have it start paying out the equity +interest....give the beneficiary some control over the rate of payout....WHY DO WE CONTINUE TO LET CONGRESS ANYWHERE NEAR THE CASH???!!!!!