Posted on 06/08/2015 1:58:26 PM PDT by 2ndDivisionVet
Sen. Ted Cruz outlined how he would fix Social Security, striking a balance between candidates who propose immediate cuts and those who wish to leave it mostly in place.
(VIDEO-AT-LINK)
Cruz said hed keep benefits the same for seniors and those close to retirement in a June 4 interview with Fox News Neil Cavuto. For everyone else, hed propose gradually increasing the retirement age, limiting the increase in benefits to the inflation rate and allowing workers to keep some of their tax payment in a private account.
Cruz makes strong impression on conservative non-profit
The Council for National Policya secretive, conservative non-profit focused on legislative initiatives and political strategyis looking to unite behind one conservative candidate in 2016. Cruz might be their guy, according to National Journal.
While other candidates gave stump speeches at May CNP meeting near Washington, D.C., Cruz pitched himself as a true conservative who could unite the movement behind him and capture the Republican nomination. Even employees of other 2016 hopefuls were impressed by Cruz: one gave his speech a 14 on a 10-point scale....
(Excerpt) Read more at trailblazersblog.dallasnews.com ...
Well, if I don't know what I am talking about, you don't know what you are reading about. The benefits computation has nothing to do with means testing. If your income from OTHER sources stays at given level (say, $ 300K+) for a couple years following the beginning of benefits, then it would be equitable for benefits to drop off (or perhaps would be severely cut back until your contributions were repaid then dropped). Think about it before you "talk", my FRiend.
The contribution level that most retirees have experienced is somewhere around $ 4000 per year (rough number based upon 7.5% contribution on $ 50K limit no matter how much they made; I am aware it is now much higher but this change is just in the past few years not the average of the retirees lifetime). Even if you try to stretch this into a retirement plan. Thus, in a matter of 4 years, the average retiree has recovered ALL that they contributed in 30 years. Pick any interest rate and see that in 5 years tops the rich have recovered all they were taxed...and, yes, it was a tax not a retirement plan.
Nope. We can cut spending. Working Americans who worked hard and played by the rules should not be the first people we look at when we discuss making the system solvent again.
We should not be punishing the hardworking ants because there are too many lazy grasshoppers. The grasshoppers are SOL AFAIC.
Hundreds of thousands more than he put in? It's. Not. Possible."
Oh, my FRiend, you are not familiar with the SS tax system if you believe such a thing. If our neighbor gets $ 35K per year (approx. correct) and paid in $ 120K ($ 4000 for 30 years), he recovered all his contribution in 4+ years. The power of math, my FRiend. That means when he retired at say 62, by 67 he was restored completely. Then by 84, he got $ 980,000 of our dollars for greens fees. Yes, that is a million dollars of money from our pockets, not his.
And, he has $ 50 million of his own. Did you get a thank you card? This is not envy...it is a practical example of the "bottomless pockets" theory that Obama (and apparently a bunch of crazies around here) think should continue because, because, because WE ARE ENTITELED TO IT!!!! Yes, give those illegals free citizenship, after all they broke into the house so they deserve it! Give the rich more dough, since they deserve it. Good grief folks, WAKE UP.
It most certainly is reasonable to expect it, it most certainly is reasonable, rational and moral to expect the government to keep its’ promise or compensate you if it can’t. It is also constitutional according to the Supreme Court. Though they do what they want anyway.
It certainly isn’t the fault of the wealthy or working people that the government stole the resources to give to other people.
No, I am a true conservative trying to protect the Republic from nutjobs who want to empty our pockets and give it to Bill Gates, Oprah Winfrey, et al. Check the mirror.
You might want to check out Das Kapital, Dutchboy. It has lots of ideas very similar to yours (hint: It was written by the guy who came up with “From each according to his abilities...”). Reading it might lead you to better know yourself.
Yeah right....why not have his 60 grand above the cap be taxed in Social Security. It must be nice to get a free 7.5 percent on 60 grand. He is so above his head. Walker needs to announce to be done with Cruz once and for all.
Frankly, this sounds like a huge made up story by you, plus your math really doesn't work, it's democrat math (35k x 5 does not equal what he paid in, and 35k x 22 does not equal 980k), nothing real about your example.
You really need to work on your envy problem, which is the real issue here. You're going to get the same as him. Man up and stop whining about someone else who has more than you, or go to KOS and do it there.
Raise the cap to 250K and all will be good for 40 years.
So SSDi will stay but those who worked their entire lives will be out of luck. Wonderful.
And, you can crawl back to the DU. Others that also cannot also (like BO) are waiting there for you.
If you ever get around to reading the posts, instead of blowing off at the keyboard, you would know that he got the big pop from selling his company. And, no, he paid in exactly what I said. Sorry you have a handicap.
You're going to get as much as he will, how is that unfair?
What a KOS loving putz.
Well, if ad hominem arguments are the best you have, it is no wonder we are in trouble. When the so-called "trust fund" is empty, we'll give you a call for suggestions.
Sic em! Lakeshark! :)
Wrong. Every single penny paid out in the unconstitutional socialist insecurity system is being stolen from those who are being robbed now.
You simply don’t want to face that, because you’re entitled, you think. Most Ponzi scheme participants share that same sense, I guess.
Those promises were unconstitutional lies.
And I’ll believe James Madison before I believe Franklin Roosevelt’s Supreme Court.
DU is full of people who advocate means testing and redistribution of wealth. You’d fit right I there. You, and those like you, are exactly what’s wrong with the GOP and with this country. Compassionate Conservatism is neither compassionate nor conservative. That description also fits you.
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