So you are laboring under the false impression that you get to keep more of your own money, when in fact, you and your children and your grandchildren will be responsibile for paying it back.
Sorry, but when more of my money is left in my paycheck, my impression that I “get to keep more of my own money” is CORRECT, not “false.”
YOUR impression, that there is anything guaranteed about future Social Security benefits, is FALSE. “Entitlement reform” means CUTTING BENEFITS — and that’s what they’re going to be doing. I want to keep my own money to save for my own retirement, thank you. SS is a ponzi/income transfer/welfare program. If you think it’s great — and you want it “fully funded” — then you must LOVE Obamacare!
Your comment reminds me of some Obama supporters who believed that Obama would take care of their gas etc. Here is the video--Obama Stash
ROGULSKI:Why are you here ?
Woman: To get some money
ROGULSKI: What kind of Money ?
Woman: Obama money
ROGULSKI: Where’s it coming from ?
Woman: Obama
ROGULSKI: And where did Obama get it from ?
WOMAN: I don’t know, his stash. I don’t know. I don’t know where he got it from, but he’s givin’ it to us. And we love him. That’s why we voted for him. O-ba-ma. O-ba-ma. (…)
ROGULSKI: Did you get an application to fill out yet?
WOMAN: I sure did. And I filled it out, and I am waiting to see what the results are going to be.
ROGULSKI: Will you know today how much money you’re getting?
WOMAN: No, I won’t, but I’m waiting for a phone call.
ROGULSKI: Where’s the money coming from?
WOMAN: I believe it’s coming from the City of Detroit or the state.
ROGULSKI: Where did they get it from?
WOMAN: Some funds that was forgiven (sic) by Obama.
ROGULSKI: And where did Obama get the funds?
WOMAN: Obama getting the funds from… Ummm, I have no idea, to tell you the truth. He’s the president.
So my question to you is where is the money coming from so that you can keep more of your pay check?
I want to keep my own money to save for my own retirement, thank you. SS is a ponzi/income transfer/welfare program. If you think it’s great — and you want it “fully funded” — then you must LOVE Obamacare!
LOL. So you believe that the two years of a 2% of the payroll contribution will help you save more money for your own retirement? Do you really think that anyone's retirement won't be affected by a collapse of the US economy due to out of control spending and borrowing? The US Government is borrowing more money so you can have that 2%. It will add close to $200 billion to the national debt. And 42% of that money will be borrowed. This is Obama's stash.
See my post #54. Do you think that by having Medicare pay out three times more than you contributed will help you save more money for your retirement? Is that the criterion that we should use when judging the welfare state? As long as I can minimize my costs at the expense of the taxpayer, its OK. Who cares where the money is coming from. Let's just print and borrow more money and let the good times roll. The problem is that eventually you run out of other people's money.
SS is a Ponze scheme and Medicare is grand larceny. They will consume the entire federal budget unless they are changed. We have 54 million on SS, 47 million on Medicare, 60 million on Medicaid, 46 million on food stamps, and 26 million on EITC. The main function of government has become wealth redistribution.
Unlike you, I don't blindly support any tax/contribution reduction without trying to understand how it impacts the deficit and national debt. The Social Security stimulus is no different than Obama's stimulus or Bush's rebate. They do little to stiumulate the economy and drive us deeper in debt. Let's privatize SS and use any reduction in contributions for personal accounts.