Posted on 04/07/2013 3:12:36 AM PDT by Libloather
**SNIP**
Independent Sen. Bernie Sanders of Vermont, one of Congress' most outspoken liberals and a vehement opponent of chained CPI, warned Obama on Friday morning not to renege on his promise to avoid cuts to entitlement programs and veterans benefits as a way to reduce the deficit.
“Millions of working people, seniors, disabled veterans, those who have lost a loved one in combat, and women will be extremely disappointed if President Obama caves into the long standing Republican effort to cut Social Security and benefits for disabled veterans and their survivors through a so-called chained CPI,” he said in a statement.
Others on the "left" also expressed warnings to the president after news of the chained CPI proposal. "You can't call yourself a Democrat and support Social Security benefit cuts," Stephanie Taylor, Progressive Change Campaign Committee co-founder, said in a statement. "The president is proposing to steal thousands of dollars from grandparents and veterans by cutting cost of living adjustments, and any congressional Democrat who votes for such a plan should be ready for a primary challenge. Social Security is the core of the progressive and Democratic legacy."
(Excerpt) Read more at news.yahoo.com ...
LOL
When “Progresive” is in the title, it’s a left-wing group. Bernie Sanders is called independent, but he’s proudly Socialist.
George Orwell is spinning in his grave about how language is currently used to disguise agendas.
Remember...no matter what’s in the kitty...they spend the entire amount every year to pay for other “causes”. It’s a kitty..
Socialists will do whatever they want with their socialist constructs, up to and including death panels. When you’re FORCED into the marxist matrix, there’s not much you can do about it.
DISMANTLE socialist schemes. DEPOPULATE socialists from the body politic.
Plunder & Death: Socialism/totalitarianism 2.0
“Socialism Is Legal Plunder” - Bastiat
New and improved with Sequester to Spending Ratio and 2013 Tax Increases to Spending Ratio...
Independent Sen. Bernie Sanders of Vermont, one of Congress' most outspoken liberals and a vehement opponent of chained CPI... “Millions of working people, seniors, disabled veterans, those who have lost a loved one in combat, and women will be extremely disappointed if President Obama caves into the long standing Republican effort to cut Social Security and benefits for disabled veterans and their survivors through a so-called chained CPI,” he said in a statement.note her ridiculous use of quotes:
Others on the "left"...Meme-building / Media Wing of the DNC ping.
SS is a Ponzi scheme. Those at the top of the pyramid receive more than they ever put into it. SS is going broke because actuarily it doesn't work. You either need to cut benefits or increase taxes or some combination of both. In 1983, the last time SS was in the red, taxes were raised and the age for full benefits was increased from 65 to 67.
That’s it go after the seniors for their SS and medicare. Meanwhile subsidize the food stampers, the section 8’ers, the millions with free cell phones, practically unlimited unemployment benefits, the many phonies on disability insurance, the Obama vacataions, millions spent by Biden for a few nights on the town, millions spent by Obama to support an escort army while traveling around the world, and last but not least the billions in foreign aid to enemies and the ungodly pork given to legislative districts.
That’s it go after the seniors for their SS and medicare. Meanwhile subsidize the food stampers, the section 8’ers, the millions with free cell phones, practically unlimited unemployment benefits, the many phonies on disability insurance, the Obama vacataions, millions spent by Biden for a few nights on the town, millions spent by Obama to support an escort army while traveling around the world, and last but not least the billions in foreign aid to enemies and the ungodly pork given to legislative districts.
Medicare withholding for me is $119 month. I must be on the cadillac plan.
Are you getting drug coverage through Medicare? That could be the difference.
How would you handle inflation in this scheme? Just asking.
And as a soleprop, I “happily” pay both for the SSI slobs.
As stated, when you retire you get the lump sum. Spend it however you want, invest it or whatever but that’s. It’s not the governments job to help you make it through life. That’s your job.
My point is, that most people work and contribute over a 40 to 45 year span. The dollars you contribute early in your working life are not worth much when you retire.
My question was, what should the government do with the money you've given them over that time interval? Do they pay interest? Do they get that interest from Bonds or the market?
If they just give it back to you dollar for dollar contributed, you take a mighty loss on most of your SS contributions in real terms when they give you the lump sum back. I don't think that's fair.
You said it's not the government's job to help you through life--I agree, but if you're taking that approach, you shouldn't have them confiscating a half to two thirds of what you've given them in real purchasing terms.
This thread is a perfect example of why ObamaCare is the death knell of our way of life. Once the “free” medical care is ingrained in our society much like Social Security anyone who suggests eliminating it will be attacked by people who call themselves staunch conservatives. They paid into the system. They deserve to get theirs back. They think it can be “fixed.” Soon the Secretary of HHS will vault far above SecDef and SecState as by far the most powerful cabinet position.
I learned yesterday that this year there is an increase in the standard deduction. The online tax calculation did not allow me to actually see the increase when it did my taxes.
The loophole called the standard deduction should be trimmed, reduced, to spread the tax increases to all.
The social security trust fund is supposed to earn interest in you can believe the government (http://www.ssa.gov/oact/progdata/fundFAQ.html) but it’s hard to earn interest if the money is used for other government things it was not intended for.
I’ll be lucky if I can collect anywhere near what I’ve paid in because it’s doled out to folks who have never paid a dime into it and it will get worse when the illegal immigrants get their entitlements.
I’d much rather take my 6.2% and what my employer pays and invest it myself along with my 401k etc.
My point was, in order for SS to work what you pay in is what you get and once that runs out your done. If you look it from what you as an individual pay in (6.2%) then you get a 100% return on investment because your employer pays in 6.2%.
Personal opinion is we do away with all social programs, every last one of them. If you want to get ahead in life you work for it.
Well, in this case you can't. That interest is Al Gore "lockbox" talk, LOL. The investments that the fund has are IOUs from the government--promises that they will borrow more money (run a bigger deficit) when they need to in order to make their promised payments. As you said, they spend that money as it comes in. So, the only interest that you earn is a promise that they'll tax everyone harder when the time comes to pay you!
No, I am not eligible for medicare. I work and that is what they withhold from my wages.
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