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Comments about ‘Poll: Americans say raise taxes to save Social Security’

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Published: Sunday, Aug. 26 2012 8:58 p.m. MDT

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DN Subscriber
Cottonwood Heights, UT

More nonsense from the Associated Press folks.

It does show that an alarming number of Americans simply do not understand the seriousness of the situation, or the basic math involved with FDR's gigantic Ponzi scheme.

When started, SS was intended as a supplement, not a replacement for private planning for retirement, or to relieve family members of their moral obligation to care for their relatives. Now it is seen as a "freebie" and it has been expanded to a widely abused "disability program" providing lifetime payments to some truly disabled people and many, many freeloaders.

When started there was a ratio of something like 6 workers paying SS FICA taxes for every recipient. Pretty soon there will be three recipients for every working person paying social security taxes. On top of the huge tax increases which will be needed to pay off our obscene debt to China for Obama's spending (and that of all his predecessors combined which is equally big.)

SS will have to have benefits cut, start later, disability payments restricted or eliminated, and many other spending program will have to be cut. We are out of money, and cannot spend that way anymore.

KJB1
Eugene, OR

Out of money, my eye. All we have to is remove the cap that only allows the first $102,000 of income to be taxed for Social Security and it automatically becomes solvent for the next century without reducing benefits a cent. It's easy and it's fair, but conservatives will scream about "class warfare", so small chance of it happening anytime soon...

Shaun
Sandy, UT

I hope that 26 year old electrician likes the idea of retiring at the age of seventy. I hope his body can handle 44 more years of installing 4 inch rigid conduit and climbing up and down ladders. Because that is what he is going to get if he votes for Romney and republicans.

Screwdriver
Casa Grande, AZ

Save it, but I'd like to see it means tested. I don't see the need to be making anyone's $150,000 RV payment for them.

rvalens2
Burley, ID

Social Security monies are not set aside and saved for retirees; instead they go into the general fund and are spent just like any other tax dollar. The federal government only keeps a clerical accounting of the money which has been paid into the system. The government then issues the Social Security Trust Fund an IOU in the form of a federal bond.

Retirees are only paid if they reach retirement age. If they do die, their spouse receives a $255.00 death benefit (big whoop). If they don't have a surviving spouse, their estate receives nothing. It's a nice scam that allows the federal government to borrow money from the Social Security Trust Fund and spend it on whatever it wants.

I would only allow them to tax beyond the $102,000 threshold if they place a pad lock on the funds, so that the extra monies generated can only be used to pay retirees.

Fool us once ... shame on you. Fool us twice ... shame on us.

My2Cents
Taylorsville, UT

Very clever confessional scam to feed their aggressive and criminal theft of SSA cash by using IOU's.

Congress has run out of money and are now using every scam they can to target SSA trust accounts registered to every individual who works, has a SSN, and pays SSA retirement.

This is not an FDR ponzi scheme and was intended as a meager retirement, not a supplement to investment schemes. People are not being told why SSA exist, and that is crucial to know the reason. Before the 1929 market crash most americans were scammed much like they are today that stocks will double, triple their money with cash invested. Sound familiar yet? 401k/etc?

After the crash and many Americans that cashed out their savings for stocks ended up losing it all with nothing and instant abject poverty erupted. The FDR plan, a solid cash SSA trust retirement, meager is better than gambling.

People with jobs will have the same affect as raising taxes and age limits. Our outsourced economy and foreign labor has forced our population (88 million) into retirement, a job will bring them out of retirement and paying SSA funds. Raising taxes is not necessary.

unhappygrammy
Nashua, NH

Save Social Security by stopping ALL Title IV funding. Where do you think all the money is coming from placing children in foster care instead of with family member's? Where do you think ALL that incentive money is coming from, rewarded to the states for each and every stolen child, placed in foster care and adopted out? It's coming from YOUR Social Security money that YOU paid in to the system. Title IV must END!

Gildas
LOGAN, UT

Amazing. What looks like a well researched article (lots of figures) ignores the fact that Social Security taxes have been dramatically reduced in recent years, and no one has apparently spoken against it in our Congress. How about restore the taxes to their former level?

The article does show that a majority favor making the program solvent. There are enough funds to keep the system going for three decades, the funds, totally supplied by future Social Security recipients, being held in Treasury bonds which have always been honored. I trust bond holders are not contemplating donating their investment to our government big spenders.

To increase the retirement age modestly, say to 68, as longevity increases, as has been done in the past makes sense too and, possibly, removing the cap.

If any fairminded people want to end the system it should not be done at the expense of those who have paid into it for a working lifetime. It can be phased out for future generations if that is what future generations want; apparently it isn't what the majority of this category desire however.

By all means end the freeloading of any falsely claiming disability - and prosecute.

Hawkeye79
Iowa City, IA

Hi Shaun,

Don't look now, but even European leftists have been increasing the retirement age in their respective countries. As President Obama has consistently modeled his policy after theirs, I have little doubt that an increase in the retirement age will be a part of his plan.

That is, of course, if President Obama ever decides to announce a plan. Until then, we're faced with either Romney's plan or a $134 trillion shortfall over the next 75 years (source: Huffington Post).

someonewhocares
Murray, UT

I assume that most of the people that want increased taxes to save social security have done a poor job of putting aside personal funds for retirement. I'm getting tired of these folks whining about not having enough money when they did nothing to prepare for retirement!

county mom
Monroe, UT

KJB1, I am with you on this one.
If we do not do something we will all have to work until we are dead. Social security is not enough to live on now. If we continue to take from it for other programs and to fund crap there will be nothing left.
The elderly now do not have enough to pay thier utilities let alone for food and medications. Example Dad and Mom, whom I am caring for, get $1,464 a month in social security. $750 goes to a medicare suplimental plan. They are both in poor health, most elderly are, and need lots of care. Medication donut hole ,certain meds are not covered or have a copay, $400 a month. Utilities; water, electricity, phone, trash removal, internet= $500. I have to make up the differance and pay for their food and home. I hope you all have children willing to help or take care of you.
By the way their social security has gone down $200 a month thanks to the present administration.
Yes, I do know what I am talking about.

Fred44
Salt Lake City, Utah

The first step should be to tax every dollar of income not just the first $110,000. I would think the republicans would propose this, because with income taxes they are really concerned about those who don't pay any taxes. Remember how unfair it is for a rich person to pay a higher percentage in income taxes, but it seems to be ok to have a rich person pay a lower percentage of their income for social security tax. That seems kind of hypocritical. I am sure however I am just participating in more class warfare.

metamoracoug
metamora, IL

Country mom: I understand your plight.

Still, it was only two generations ago that people DID work until they died. How is it that our expectations have so radically changed? How is it that we expect to work 60 years and then get 20 off for good behavior?

What disturbs me most, however, is that we have become so blinded that we can see no alternative but to tax more. Are we as a society so brain dead that we cannot find alternative solutions?

xscribe
Colorado Springs, CO

@Metamoracoug: To answer your question, Yes, I believe we are, as we have been running vehicles on fossil fuels for 100-plus years now and can't seem to come up with a good alternative.

Hellooo
Salt Lake City, UT

Amazing that some in the article "trust Mr. Obama to protect the middle class" when he is the man that has insisted on taking money (reduced employment taxes) from social security in a failed attempt to improve the economy, and taken money from Medicare to support the very poor Affordable Care Act. The man has done more to threaten the future of both seniors and the young than any man in the history of the country.

killpack
Sandy, UT

"53 percent of adults said they would rather raise taxes than cut benefits for future generations, according to an Associated Press-GfK poll."

This poll is stupid, though I would expect nothing less from the AP. Ask loaded and ambiguous questions to get the answers you want. Why can't they just ask a plain, simple question for once? Like, do you seriously want to pay more social security and medicare taxes, even thou you already pay almost 8%, even if you make minimum wage. I bet a poll with such a straightforward question would have very different results.

one old man
Ogden, UT

Someonewhodoesn'tcareforanyoneelse - I DID prepare. Then when President Cheney and his little buddy plunged the nation into economic misery, my employer went away and with the job went my pension plan. On top of that, my 401 tanked.

Now I'm living on less than half of what I expected to have upon retirement. SS is a lifesaver for me and countless other Americans.

You claim to care. For only yourself?

There You Go Again
Saint George, UT

"..."Raising taxes, especially on the people that provide the jobs for us, is not an option because what you do there, you discourage promoting jobs," said James Taylor, a 68-year-old retiree from Golden, Miss....".

Lower the effective tax rates to zero, for the job creators, so they will not create jobs even faster than they are not creating jobs now.

Marvelous.

sally
Kearns, UT

I am not in favor of increasing any taxes for medicare. On top of medicare is medicaid, food stamps, housing subsidies, VA for both husband and wife for those who served at least one day in a war, and medical VA assistance just to name a few that I know of. Our family has assisted four elderly parents in the last years of their lives. Just finding information for help is difficult. The internet now has more information available. Many families are organized to share assistance of elderly care. In our situation, we had no help from extended family for part of the care. Depending on how ill/disabled they are it is at least part time to full time. Many families are dependent on two incomes so it is difficult to care for the elderly. Unfortunately, I have observed families who depend too much on neighbors and church people to help so that they can maintain their lifestyle, rather than share weeks/days/hours for care. With an increase in elderly care, who will take care of them?

RedShirt
USS Enterprise, UT

To "county mom" while your parents are living in poverty, who's fault is it that they are in this situation? Didn't they save for their retirement? Why should I have to ensure that your parents are able to retire? Since when did retirement become a right?

With all the care your parents need, why have you and your siblings not picked up the slack and taken your parents into your home to care for them? Why are you waiting for somebody else to do what you are not willing to do?

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