Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Christie to propose overhaul of Social Security benefits (means-testing)
Associated Press ^ | April 14, 2015 | Jill Colvin

Posted on 04/14/2015 10:23:49 AM PDT by reaganaut1

MANCHESTER, N.H. (AP) -- Framing himself as a politician who's unafraid to share "hard truths" with the American people, New Jersey Gov. Chris Christie is proposing an income cap on Social Security benefits as part of major restructuring plan announced ahead of a likely presidential bid.

The Republican is set to deliver a speech Tuesday in New Hampshire outlining his ideas on reforming Social Security, Medicare and Medicaid — so-called entitlement programs.

As part of the plan, he'll propose phasing out Social Security payments for those making more than $80,000 in other income and eliminating them for those making $200,000 or more a year.

"I'm suggesting that Americans pay into this system throughout the course of their life knowing that it will be there if they need it to support them. So that seniors will not grow old in back-breaking poverty. But if you are fortunate enough not to need it, you will have paid into a system that will continue to help Americans who need it most," he says, according to an excerpt released by his political action committee, Leadership Matters for America. "That is what we have always done for each other through private charity and good government."

Christie will also propose raising the retirement ages for Social Security and Medicare eligibility and eliminating the payroll tax for seniors who stay in the workforce past age 62.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Politics/Elections; US: New Jersey
KEYWORDS: 2016election; chrischristie; christie; election2016; governmenttheft; meanstesting; newjersey; socialsecurity; theft
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-134 next last
To: reaganaut1

If you paid for it then there is no means test.

Christie is over. He is delusional and playing for the left.

If anything the government would KEEP the savings and spend it for their own self interests.


81 posted on 04/14/2015 12:55:17 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lou L
... then does SS become a huge and grossly-unfair tax

It always has been. Especially for working Blacks, who because of their relatively short life expectancy often do not even recoup what they paid in.

82 posted on 04/14/2015 12:56:53 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 16 | View Replies]

To: hinckley buzzard

An excellent point.
And another reason why the Death Panels will be a big plus for the SocSec financial long term.


83 posted on 04/14/2015 12:57:58 PM PDT by nascarnation (Impeach, convict, deport)
[ Post Reply | Private Reply | To 82 | View Replies]

To: mlo
That is correct. SS keeps an accounting of your contributions and earned benefits, based on the law as it is written at the time. But there is no lock box full of your money waiting for you. And in fact the whole shooting match exists only on the strength of statute. Social Security could legally be totally repealed at any time, and there would be nothing that anyone could do about it.
84 posted on 04/14/2015 1:02:25 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 30 | View Replies]

To: BenLurkin

Exactly.

If I pay in to it, I have a right to get money out of it.


85 posted on 04/14/2015 1:07:03 PM PDT by WayneS (Barack Obama makes Neville Chamberlin look like George Patton.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: reaganaut1

These criminal hacks have stolen SS blind...and now they want to “reform” it.


86 posted on 04/14/2015 1:23:07 PM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hinckley buzzard
Social Security could legally be totally repealed at any time, and there would be nothing that anyone could do about it.

Other than un-elect all those responsible. It can be done.

87 posted on 04/14/2015 1:29:08 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
[ Post Reply | Private Reply | To 84 | View Replies]

Why is the first thing you go after social security???

WHY DON'T YOU OVERHAUL WELFARE???

The first thing you guys do is try to steal money from people who worked for it.

WHY AREN'T YOU GOING AFTER ALL OF THE MONEY SENT OVERSEAS AND FREE MONEY AND BENEFITS GIVEN TO ILLEGALS???
88 posted on 04/14/2015 2:14:22 PM PDT by novemberslady
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

The whole presentation is trying to hide the fact that Christie is proposing large scale, government sanctioned, robbery.

If I have no choice but to contribute and then lose everything because I was too successful - why work?

BTW - I will listen to the apologists the moment ALL Federal retirees, past, present, and future, agree to live on $ 100,000 annual retirement so they can “keep” their entire social security monthly, taxed, returns.


89 posted on 04/14/2015 3:18:41 PM PDT by Nip (BOHEICA and TANSTAAFL - both seem very appropriate today.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

“But saying that someone who has paid into the system his whole life should get nothing because he has a lot of other income in retirement seems wrong to me.”

I would agree, if the money were still there. But those people ALSO VOTED, collectively to have the government spend loads of money while keeping tax rates down. In other words, the money was never put aside - IT WAS SPENT as fast as it came in.

So now it’s no longer getting THEIR money back, but instead it’s TAKING money from my kids and grandchildren. They ARE NOT entitled to that money any more than my neighbors are entitled to it. My kids did NOTHING WRONG and should have NO OBLIGATION to pay tribute to these people.

But I’ve had this debate before, and half of the people ON THIS SITE have no problem at all in having the government use the power of their guns to TAKE the money that voters demand, from my kids. One can only imagine the reception that Christie will get from the left.

So Christie won’t get anywhere with this...and my kids will have to live in a crap country because of it.

(and by the way, I still hate Christie and likely would not even vote for him if he is the nominee...but he is right here)


90 posted on 04/14/2015 4:46:42 PM PDT by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my home page))
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

The way inflation is computed has already been adjusted, if not for that social security would have died long ago.


91 posted on 04/14/2015 7:35:55 PM PDT by RipSawyer (Racism is racism, regardless of the race of the racist.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: All


Help FR Continue the Conservative Fight!
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!


92 posted on 04/14/2015 7:49:25 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 91 | View Replies]

To: faithhopecharity
we need more facts if we are to have any chance of protecting ourselves from having part or all of what we paid for - stolen right from under us now

Remember Al Gore's lock box? The FICA money has been put into the general fund for years and the fund gets an IOU from the Feds, the fund does not exist except on paper.

The Government will do what ever it wants to do as we have learned over the last 6 years.

93 posted on 04/14/2015 7:52:59 PM PDT by itsahoot (55 years a republican-Now Independent. Will write in Sarah Palin, no matter who runs. RIH-GOP)
[ Post Reply | Private Reply | To 71 | View Replies]

To: reaganaut1

Not my fault the Congress spent it all already. Find another solution.


94 posted on 04/14/2015 9:21:07 PM PDT by BAW (We live in dangerous times.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1
STOP with the talk of raising the SS age....stop paying govt employees their ridiculously large pensions after 20 or 30 yrs and THEN we'll talk....

I suppose people that do desk work or similar non physical non demanding work might be able to work til age 70 but not those that actually get off their fannies and actually WORK.....

95 posted on 04/15/2015 12:43:33 AM PDT by cherry
[ Post Reply | Private Reply | To 1 | View Replies]

To: reaganaut1

tax ALL the income of wealthy people with the 8% SS tax and a remarkable thing will happen....all the leftists will suddenly become fiscal conservatives...


96 posted on 04/15/2015 12:46:35 AM PDT by cherry
[ Post Reply | Private Reply | To 19 | View Replies]

To: mlo
the problem is NOT that people think SS is some kind of 401k...

the problem is WE HAVE BEEN FORCED TO PAY into it....

97 posted on 04/15/2015 12:49:12 AM PDT by cherry
[ Post Reply | Private Reply | To 30 | View Replies]

To: Boomer One
the politicians react really really quickly to make hard working people work even longer and to make them pay more...

everytime they "fix" SS I get to pay more and work longer...

98 posted on 04/15/2015 12:51:31 AM PDT by cherry
[ Post Reply | Private Reply | To 33 | View Replies]

To: apoliticalone

some of these govt workers triple dip and yet its the people relying on SS benefits for a guarantee income that need to be cut down to size.....


99 posted on 04/15/2015 12:59:24 AM PDT by cherry
[ Post Reply | Private Reply | To 62 | View Replies]

To: CSM
wealth distribution is also allowing govt employees of any sort retiring with full pension afer 20 or 30 yrs....that's taking my tax dollars as well as my children's and grandchildren's to pay off these debts...

that is far more evil than even SS...

100 posted on 04/15/2015 1:02:27 AM PDT by cherry
[ Post Reply | Private Reply | To 70 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-134 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson