I predict massive tax increases.
Posted on 04/01/2015 8:11:18 AM PDT by Biggirl
Senator Elizabeth Warren (D-MA) said that Social Security should be be made “secure” while increasing benefits in an interview broadcast on Tuesday’s “Rachel Maddow Show” on MSNBC.
(Excerpt) Read more at breitbart.com ...
This is a bid for the black vote... and the millions of inner city criminals on ‘disability’...
“wasn’t a math major, i gather.”
No problem, I am just going to ask George Soros to pay for it. Since he is for redistributing the wealth he will obviously agree.
Since it’s common knowledge that Social Security will be insolvent in the future, it makes you wonder how she plans to make Social Security solvent and increase benefits at the same time.
I’m sure Rachel Maddow did not ask any probing questions about how you can make the Social Security fund solvent while increasing payouts. Are there inconvenient truths such as steep tax increases involved??? Just a thought.
Or means testing so that middle class and more affluent get cut off from Social Security, with a resulting increase in benefits for the less well off????
I’m more and more convinced the liberals, aka, “the party of poor math skills” wants CommieCore Math to dumb us all down so we will be on par with their poor math skills.
Since Lyin' Lizzie Lieawatha rose to fame all of the TV sets in Teepees and Wigwams throughout the nation are tuned into MSNBC
whenever Lizzie goes on the warpath.
/s
Social Security should be be made “secure” while increasing benefits,
AND give Rachel Madcow the pink pony she so rightly deserves.
Might as well go all the way to delusional when discussing the left’s brainstorms.
I predict massive tax increases.
no she means “secure” as in a buzz word focus group led advisors told her to use because it scored well. Means absolutely nothing to her except for a word.
Increasign benefits and making it solvent would require forcing all the producers into involuntary servitude with a tax rate of 100% and mandatory forced work camps...
It is the only government program you PAY INTO
And they are spending the money they are supposed to be saving for you.
Notice they never worry about welfare ‘going broke’ - and no one pays into that.
There has never been anything to dip into. Social Security taxes were never invested in assets, they were invested in debt. While it’s a pretty safe bet the debt will be repaid, the debt is not something that grows significantly in value or pays dividends, like developed land or a high value stock portfolio.
The only way to make Social Security solvent is to redirect contributions into value backed securities, which the Congress and the American People are too stupid to understand. Chile and Australia are examples of countries with solvent and thriving systems.
Gosh! That’s so...presidential! ~sarc
Hey Feuxcahontas, it was your party that opened the lock box!
Long on "what" and short on "how". She's got this politician thing down pat.
Wow, just wow. The number of people earning minimum wage is very small, in relationship to total payroll. And, any possible increase in payroll would be offset by the loss of minimum wage jobs (it's been found to be 1-2% for every 10% increase in the minimum wage).
As much as anything, this indicates that Warren is completely clueless about the state of Social Security. I wouldn't trust her to run a lemonade stand.
There are only two ways to make Social Security "secure": increase taxes, or reduce benefits. The SSA has studied a large number of alternatives, and you can see the results:
http://www.ssa.gov/OACT/solvency/provisions/index.html
Here's an example of one that would work for at least the next 75 years, if you believe the underlying assumptions:
Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2015 and later.
This one would work, for the foreseeable future:
There are many other alternatives for increasing the payroll tax. If you are interested, take a look at the ones that analyze various proposals for eliminating the maximum cap on Social Security payroll taxes. But, I can save you some time: none of them work, long term. The best they can do is postpone the inevitable for a bit longer.
These commies are great at coming up with ways to give stuff away without any consideration to who pays for it. “Free Stuff For Everyone!”
Democrats are an endless parade of fools made possible by hard working God fearing people.
There’s a danger there too. You’d end up with the Federal Government becoming a significant (or even majority) shareholder in a number of corporations.
3...2...1, Begin pandering.
The MSM is as dumb as a dust bunny. The 6.2% is the wage earner's contribution. The employer has to match it, so the real tax rate is 12.4%.
The thing that really gets me PO'ed is how the gov't "uses" the SS pool. My Mom worked until she was 67, contributing to that SS pool for over 45 years. She retired and 4 months later died of a brain aneurysm. I figure she and her employer put in more than $100,000 over the years and she never collected a dime. The gov't takes it. Yet, when Bush tried to privatise SS payments, the public said "Oh, that's too hard for us to do!" Result: we could have had our "own" account but people are too damn stupid not to let Big Mother take care of fleece them. So stupid...
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