Posted on 10/09/2013 10:15:32 AM PDT by originalbuckeye
I just heard my Conservative radio hosts discussing what is being put on the table by the Republicans in the House. They said Ryan is pushing means testing for SS benefits.
Excellent idea especially since they a defined benefit pension instead of a defined contribution pension.
Ryan is a commie spy for the Dems.
Only way to cure this foul stench of entitlements is to disallow from voting anybody who is on welfare, period.
Correct. I’d have used Warren Buffett as an example, but I don’t know for sure he’s ever worked for a wage in his life.
No more rolling over like whipped dogs. Why wait? Submit to the new Fuehrer now, submit to slavery and save the time and energy. I want the money back. I don’t care if they completely cut off illegals and they all die. I don’t care if they have to garnish the income of all registered democrats for the next 100 years. Take it out of all of their asses.
No more rolling over like whipped dogs. Why wait? Submit to the new Fuehrer now, submit to slavery and save the time and energy. I want the money back. I don’t care if they completely cut off illegals and they all die. I don’t care if they have to garnish the income of all registered democrats for the next 100 years. Take it out of all of their asses.
OF COURSE! That's the federal government way.
The government rewards those who: drop out of school, don't work, have babies out of wedlock, don't pay their mortgages, on and on. The government penalizes (taxes) you for working hard and saving your money.
It has always been a wealth transfer scheme.
People of my generation understand that. We don't expect to have the money there when we retire.
That so many FReepers expect the gov't to pay them back because they think SS was an "investment" the gov't made on their behalf is just ignorance.
It always has taken money from Peter and given it to Paul. That worked while there were lots of Peters. Not so much any more.
Once you accept that SS is basically charity given so that old folks don't starve, and that the gov't does not have the money to pay everyone back with interest, you will see that means testing is necessary. If we don't want the system to collapse.
Never believe a promise from the gov't to keep your money "safe" for you.
You know what? I’m getting pretty tired of people who call themselves “conservatives” telling me I should just shut up and let the government rip me off.
I think you read the other thread where SNAP benefits are going down Nov. 1st by 15%, right? I think you know also that Medicaid and Medicare reimbursements go down all the time. As far as Section 8, I don’t think the benefits per recipient ever go down, but the number of slots funded per region goes down.
They need to “means test” welfare for “ability to work.”
“Your benefits will come from people who are working after you retire. GIANT PONZI SCHEME.”
It pays to join a Ponzi scheem early or not at all!!!
I’ve been drawing Social Security for 11 years, suck it up and pay sucker!
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.
That might as well have been an entry for "Social Security System," except for the short term part. But returns, at least for older Americans, have been far in excess of what they put into the system.
Some people sued Carter when he raised the retirement age in the 1970’s. Plaintiff argued that the gubmint had a contract with the people. Another myth. The Supremes ruled SS is a legislated entitlement and Congress is granted wide latitude to change it. In other words, Congress can spend all of SS money on a one month orgy on the DC mall and the only thing the American people can do is vote the bastards out of office. That is why SS is the worst “contract” to accept.
At least a 401k is your money and the provider has contractual obligations to the original terms of the agreement and one can sue them if they violate the contractual terms. SS does not have this feature. And a Ponzi Scheme is voluntary. If you are smart or cautious, you can avoid them completely. SS is enforced by the law, thus no amount of caution can allow you to avoid getting scammed. SS is worse.
The point is that they have always been ripping you off. Welcome to reality.
I am tired of conservatives who whine about their entitlements and don’t care about the reality of the government solvency.
We’re broke. We can’t affors to pay people who already have an income. Your money is gone. Long since spent.
Don’t be mad at the messenger.
ROFL. You’re welcome!
Looking at a 401K calculator, somebody starting out at $40K at 21, and saving 10% of gross (the combine SS for employee and employer is 12.4%), and seeing a rate of return of just 5% and no salary increases, at the age of 65 would have $629,375 in his account.
The money taken out by SS, if it had been invested in a retirement account, would have earned a FAR higher rate of return.
Sell the car to you, and you can lease it back to her.
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