Posted on 02/03/2005 8:39:15 AM PST by DeFault User
"...all 44 Senate Democrats..."
I sure do love reading words like that!
39 would be even better.
Every public school teacher in Texas has also "opted out" through TRS.
You're right, not every school district in Texas. It is more like virtually every school district.
What happens if they no longer work for the county or college?
If all of us croak early, Social Security can be saved!
any idea how many of the 55 Repubs support it? Also, how many Senatorial votes needed to pass such an act?
The employee has an ownership interest even if he separates from the county or TRS.
If not, then she is in a worse position than a stay-at-home mom who never worked.
That is my understanding. The federal government with Tom DeLay leading the charge, really screwed people who opted out of social security.
The Texas plan sure sounds a lot better than GWB's private account proposal.
From today's WaPo:
"If a worker sets aside $1,000 a year for 40 years, and earns 4 percent annually on investments, the account would grow to $99,800 in today's dollars, but the government would keep $78,700 -- or about 80 percent of the account. The remainder, $21,100, would be the worker's. "
Add to that the column by Bob Kerrey (NE-D) supporting the Social Security overhaul. After Bush does the seven-state trip to Red States represented by Dem Senators, the collars in the Senate chambers are going to get even tighter.
What happened in Texas was a complete opt out of SS with all funds invested or buying insurance. As the article points out this was made illegal in 1983. Under the current FICA setup you could not allow a complete opt out or who would pay for current retirees?
Nah, I don't know the #'s. I'd assume that the rino senators (mccain, snowe, chafee, maybe more) would be siding with the dems. However, the trend of picking up more congressional seats each election might help quite a bit towards accomplishing this reform after the '06 election.
Up for Senatorial Reelection in 2006:
14 Republicans
17 Democrats
1 Independent
so it's time for Jeffords' payback! haha!
Looking at who they are, i see about 5 or 6 Democratic seat we could possibly gain, and about 4 we really need to worry about defending.
Arizona—Jon Kyl (R)
California—Dianne Feinstein (D)
Connecticut—Joe Lieberman (D)
Delaware—Thomas Carper (D)
Florida—Bill Nelson (D)
Hawaii—Daniel Akaka (D)
Indiana—Dick Lugar (R)
Maine—Olympia Snowe (R)
Maryland—Paul Sarbanes (D)
Massachusetts—John Kerry (D)
Michigan—Debbie Stabenow (D)
Minnesota—Mark Dayton (D)
Mississippi—Trent Lott (R)
Missouri—Jim Talent (R)
Nebraska—Ben Nelson (D)
Nevada—John Ensign (R)
New Jersey—Jon Corzine (D)
New Mexico—Jeff Bingaman (D)
New York—Hillary Clinton (D)
North Dakota—Kent Conrad (D)
Ohio—Mike DeWine (R)
Pennsylvania—Rick "Man-on-Dog" Santorum (R)
Rhode Island—Lincoln Chafee (R)
Tennessee—Bill Frist (R)
Texas—Kay Bailey Hutchinson (R)
Utah—Orrin Hatch (R)
Vermont—Jim Jeffords (I)
Virginia—George Allen (R)
Washington—Maria Cantwell (D)
West Virginia—Robert Byrd (D)
Wisconsin—Herb Kohl (D)
Wyoming—Craig Thomas (R)
Yes. And some of the teachers are actually eligible for both their retirement and SS.
If not, then she is in a worse position than a stay-at-home mom who never worked. That is my understanding. The federal government with Tom DeLay leading the charge, really screwed people who opted out of social security.
Tom Delay is not the oger Dems try to have us believe he is.
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