Posted on 07/28/2006 2:27:39 PM PDT by Tolerance Sucks Rocks
PING!
free dixie,sw
Too bad.
Are they willing to tell workers that the "Social Security" tax is just another tax, and that workers have ABSOLUTELY no claim to the tax that they paid into the "Social Security Trust Fund"?
Didn't think so.
Congress is NOT your friend.
Welcome to FR.
Flemming V. Nestor: [Nestor] appealed the termination arguing, among other claims, that promised Social Security benefits were a contract and that Congress could not renege on that contract. In its ruling,The Supremes reject this argument and established the principle that entitlement to Social Security benefits is not [a] contractual right.
The minute the government gets it, it's theirs. You're pwn3d, baby (and so am I!).
Absoultely. The Trust Fund is a cruel joke. The only way to pay off one of the "bonds" in that filing cabinet is to take it out of tax revenue. Will an administration at that time be enlightened enough to realize that a DROP in rate will be what yields the RISE in revenue to afford the redemption?
I would love to take the money I pay in SS yearly (not that much since I am 19) and put it in my Roth IRA. Make it work for me.
Here's my option: SS opt-out. Once you do, you cannot go back. That way, the people who do not want social security when they reach retirement age can do whatever the hell the want with the money and it's on them. Smart people will invest it, stupid people will buy, buy, buy and then complain once they reach retirement age.
The only solution for Socialist Security is to dismantle the whole thing. Cease all new "contributions" paid to the government by employees and employers. Offer everyone a lump sum payment consisting of accumulate employee contributons and employer contributons, plus accrued interest. Most people under about 50 years of age would take the lump sum. This would provide $$$billions in private capital to the economy, as people invest their money. Older people would probably stay with SS, so it would take 20-30 years to completely unwind this socialist ponzi scheme.
Democrats/Socialists and fake capitalists will all say this is impossible.
That's why Socialist Insecurity should be an opt-in plan: whoever is willing to take the risk can pay the task. The rest of us will build up REAL retirement funds. );-)
Just like the gasoline situation the politicians know it is happening but refuse to do a thing about it. Bush was on the money about Social Security and this nation has known since the late seventies we had an energy problem. But the liberals in America own the Democrat Party and all they want is Controversy,Crap and Confusion while Castro is digging for oil off the Florida coast.The Democrats have refused to allow a refinery to be built in Amercia in the last 30 years and all they can do is bitch and moan while their hot air pollutes America worse than the SUV's they drive and complain about. They complain about big business while they were padding their pockets with the "Big Dig".Their spots show to all that can see but about half of America is blind and uneducated.
I'd be happy with a transition to personal retirement accounts, state control (as opposed to federal control), and conversion to an opt-in/opt-out program. I would opt out in a heartbeat (I'm 39). :-)
The only fix the Democrats can get away with without offending and alienating their base is means testing for both Social Security and Medicare with no other reform at all. Classic soak the "rich" who will turn out to be those who planned and invested in their own retirement.
I always laughed at my Bio Teacher in high school. She ran a club called the environmental awareness club. Meanwhile, she drove a jeep which had poor gas mileage.
Certain "Republicans" don't want us drilling near FL either.
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