Esquirethe wealthy already pay MORE than their fair share in income taxes.
Raising the maximum allowable earnings does not solve the problem.
Benefits are based on what the beneficiary has paid in. The more someone pays
in, the more they get back. So while raising the allowable earnings increases
the revenues, it also increases SS's OBLIGATIONS. I wish your solution was
The alarms are sounding, but the solutions are simple. But no one wants to ask
the wealthy to carry a fair share and give back. Instead many want to elect
leaders who keep off shore bank accounts and pay lower tax rates. Here is an
example. Social Security tax. Lift the the maximum taxable earnings amount for
Social Security (OASDI) taxes from $110,100 to $200,000 or even unlimited.
Problem solved. But as Sen. Coburn (R-OK) said last year in his report, we have
too many welfare programs for the rich and the GOP won't let them be
touched. Refer to the new book by Thomas E. Mann and Norman J. Ornstein, and
then let's talk.
"The problem is,we are $16 trillion in debt and growing by a
billion/day!"I know right? We're throwing away 6 billion a
month to Afghanistan! 122 million per F-22 airplane!
The problem is,we are $16 trillion in debt and growing by a billion/day!
The social security scare is more of a tempest in a tea pot when compared to the
deficits that exist and are ever increasing with the general fund budget. When
are we going to focus on real priorities?
Interesting that the article does not mention one of the reasons for the
acceleration of SS's insolvency is BO cut SS's funding significantly
so he could buy votes with his payroll withholding cuts. Roll those back and SS
fares better longer.JCS,SS does not go to lazy basement
dwellers. It goes to the aged and disabled. There should be better controls to
ensure those receiving disability are not lazy basement dwellers and alcoholism
should NOT be one of the qualifying disabilities, but the vast majority of
recipients are retirees who are only getting back based on what THEY themselves
paid in.Maverick,I see you and I agree that dudd-frank failed
to end too-big-to-fail and the large banks should have been BROKEN up, much like
the Bell system in the 1980s. But you will remember even BO's advisors
told him in late 2010 tax increases at the time were very dangerous to the
fragile recovery. You think BO would sign a bill raising taxes in the middle of
a close election?
To: the ignorant and / or the blatantly lying:The receipt of Social
Security, far from being a welfare payment to the lazy, is a modest stipend paid
for by years of large premiums by those who have worked, on average, much longer
than the average American.If the USA is the "greatest
nation" on earth it is because, as De Toqueville said its people are of the
best: America is great because America is good. If America ceases to be good
America will cease to be great.I suspect the statements repeatedly
made by a certain contemptible poster may just be "flaming" and not
really worthy of a serious answer. 76% of Americans young and old approve the
Social Security system. It could of course be made a simple option for those
who have paid nothing into it yet.Interestingly the most voluble
opponents of Social Security have never once addressed those 413 congressmen in
receipt of a very "generous" pension averaging $60,000 a year fully
vested after only twenty years, who may retire at 50 yrs old or younger, who
misspent the $2.5 trillion contributions of those "ordinary" retirees
who receive typically less than $15K annually.
Social Security needs some minor tweaks to stay solvent. Medicare will be the
program that ate the government if we don't make some major reforms. This
will entail Medicare providers making less money and Medicare recipients not
getting every service they want. There is no painless solution. Both groups will
hate it and fight tooth an nail to stop any reform.To "John
Charity Spring: Any politician running on a platform to eliminate Social
Security and Medicare would lucky to get 5% of the vote. It will never happen,
so we should concentrate on finding ways to fix them.
Let Social Security and Medicare alone. Is this the best the RNC has put
together for 2012?. God forgives people for their "oops moments" even
if the American electorate does not, failed Republican presidential candidate
Rick Perry said, but is that like when "Octomom" files for bankruptcy
in California?. (Congress hould do the same if we are so broke.) The Texas
governor famously muttered "oops" during a presidential debate when he
couldn't remember the third federal department he'd promised to
eliminate if elected. That's almost like saying, President Barack Obama
and Wall Street occupiers, along with their allies in the mainstream media and
on college campuses, have maintained an ongoing attack on high-income earners,
people they call 1 percenters. These 1 percenters are the wealthy right-wing
Republicans. It's the Koch Brother's that are simply running a
deceitful rope-a-dope, aided by the mainstream FOX media, on the American
people. Unless your a War Veteran (decorated) and a hero you got
nothing to say about "OUR" Social Security and Medicare.I
told you I would tell you the truth, I never said you'll like it.My views.
I definitely think entitlements needs to be reformed....Afghanistan
is set to receive economic financial aid from the US for the next 15 years...
Here's an idea, GROW YOUR OWN ECONOMY! We have our own to fix!Cut all foreign aid. ZERO. It's GONE. No more handouts to non-Americans.
Cut military spending by 1/2. The military will become more
efficient with having to work with less. Way too much is being spent on
waste. No more spending on the F-22 Raptor. The ol F-16s and F-18s
can get the job done. I know I know, Boehner lobbied long and hard to get the
building of those jet engines into his state. But the fact is, they're
really expensive, defective, and we just don't need them.Raise
taxes to Clinton like levels. No more subsidies to big oil.
They're already making record profits.Break up the big
banks.... LIKE YESTERDAY! Adjust SS, folks making over 150k
shouldn't have access to it. Medicare part D, get rid of it.
No more health insurance to Congress. they can pay for their own
benefits. So I agree, entitlement reform needs to be made!
"Why do we permit an entire class of lazy, slothful people to collect
government funds to finance a lifestyle of sitting around watching television in
basements? " My grandfather who was a champion of social security (and
served in the Utah Legislature as a New Dealer) was a Spanish American War
Veteran (decorated) and a hero of the Scofield Mine disaster. How dare you
describe him and people like him in this manner?
All patriotic Americans should be absolutely alarmed about the out of control
growth of entitlement programs in this Country. Indeed, these programs must be
eliminated before this great Nation sinks into an abyss of debt from which it
can never climb out of.Why do we permit an entire class of lazy,
slothful people to collect government funds to finance a lifestyle of sitting
around watching television in basements? These people should be required to
provide for themselves and not be allowed to live off the hard work of
others.These entitlement programs destroy the work ethic of the
public and replace it with a selfish demand to be taken care of without limit.
If this? Continues, it won't be long before there is no one left to tax to
pay for these entitlement programs.