Posted on 11/29/2010 4:22:27 AM PST by rabscuttle385
Republican presidential candidate John McCain cashes his monthly Social Security checks despite calling the federal program "a disgrace," the Associated Press reports.
"I'm receiving benefits," McCain told campaign reporters, but added, "the system is broken."
In 2007, he received benefits of $23,157 from Social Security, approximately $1,930 a month. The maximum monthly benefit under Social Security is $2,185. Social Security benefits are determined by age at retirement.
McCain, who is 71, has received benefits since he was 65.
Last week, McCain told observers at a town-hall meeting in Portsmouth, Ohio, "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers ... and that's a disgrace."
(Excerpt) Read more at bizjournals.com ...
Has McCain just discovered this?
I plan on collecting MY social security when I reach that age, whether or not I keep working.
What you are advocating amounts to a tax penalty for old people who decide to keep working, a tax equal to the SS benefits they have EARNED by paying THEIR SS taxes for their entire lives.
Oh wait, you said “especially collecting the kind of salary he does”. So maybe you are just into class warfare, buying into the liberal argument that rich people don’t pay their fair share and are out to get the little people, and we should punish them for making “too much money”.
It cracks me up to see conservatives making liberal arguments simply because they don’t like a political candidate.
Exactly. I've been paying in for 34 years. They'd danged well be paying MY MONEY back to me when I'm of age. Fact is, they should never have taken that money from me in the first place. I never volunteered for participation in the ponzi scheme known as Social Security.
THAT is exactly the problem. Or one of the problems.
I was aware that you got less when you applied early. But I was under the impression that continuing to work while drawing Social Security reduced your benefits by a certain amount for each dollar earned.
here here
as soon as SS payments become “means tested” then it becomes just another welfare program
stop paying the lower and middle classes “SSI” for their ADHD kids and start saving money immediately
Many of us under 45 know damn well that we will not receive a dime of the money seized/confiscated from our paycheck to prop up FDR/LBJ’s ponzi schemes.
There is no full eligibility at age 65 anymore. They keep moving the full benefits age upwards.
The information is readily available on the web. Being informed keeps one from making costly mistakes or looking uninformed when discussing this issue with others.
He’s reached a certain age where he can make any amount and it doesn’t reduce your SS check.
Thanks for the info in your post #20.
It’s nice for people to have the facts before they engage is slurs and insults against Senator McCain.
He has many faults but being in the Klinton category of charitable giving is not one of them.
It goes, instead, into the general revenues.
Frankly taxing Social Security is just another way for Democrats to steal from the elderly and put money into pork projects for their favorite constituents.
What’s particularly egregious is anchor babies, brand new immigrants, and their respective extended families collecting SSI, Disability, etc. I wonder what would be the status of SS without this drain.
To the degree ADFC was a welfare program ~ which was all that it was intended to be ~ the whole mess was a welfare program and subject to all the manipulations and economic distortions ordinarily discovered in such operations.
So I now understand, thanks to you and other FReepers. This site is a never ending source of information.
Sorry but that is incorrect. SSI was ALWAYS intended to be a welfare program and nothing else. It was dishonestly sold to the American people as some kind of an insurance program but that was all a lie. Taxes collected for SSI were never, ever, set aside to pay claims. It all went to the general fund and SSI payments are made directly from the general fund. The Roosevelt administration admitted as much in arguements before the Supreme Court...while at the same time they were engaged in propoganda campaigns decieving the public into thinking theye were buying old age income security insurance. Mark Levin covers this topic extremely well towartds the end of his book, "Liberty and Tyranny". Read what he has to say...it's a real eye opener.
Great post, thank you.
I’m seeing an increasing amount of bogus info on FR. I realize folks are rabidly unhappy about the economy and the Baraqqi regime, but that’s no excuse for inaccuracies.
It’s important to correct these. Frankly there are times when I’d be reluctant to refer friends here.
I filed at 62 and I’m glad I did.
The penalty between 62 and 65 was meaningless to me.
“I thought that if you were working and drawing Social Security then your monthly benefit was reduced by a certain amount for every dollar of outside income.”
Only if you draw it at 62, and then only until you are 65.
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