GOP introduces bill to cut Social Security

[Wry Catcher]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

Social Security is a socialist entitlement program that the country can no longer afford... fact

You're an idiot on the subject. Fact.

Spot on!

 

[Wry Catcher]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

The problem with the article is that it really fails to show how the benefit cuts affect people. This is a piece (which I wrote) which gives a better breakdown of the cuts. If you think otherwise don't hesitate to tell me what I am missing.

Legislation Introduced to Apply the Chained CPI to Social Security COLA

This legislation is so noxious that I just can't believe it would end up being law. Or at least permanent law.

Trump promised he would not mess with it. I'll just hope that this is a nod to the crazies to keep them happy.
.

Trump said a lot of things to get elected. Some fell for it.

One can fool some of the people all of the time.

 

[owebo]

This is why nothing will ever change. Let's say we elect a man of the people and the billionaires obstruct him. Do the people show up in 2010 and vote out the obstructionists? No. So they blame Obama for letting them down but it's the people who let the democratic party down.

I agree, but the billionaires always win, money always win. Now the Pubs want to raise the tax exempt limit on HSA's , they do not want to pay taxes. It is the lower income who can afford to fund HSA's who end up paying taxes.

Well, you progressives need to find a different way then. Punishing/taking from the successful makes no sense… In fact it's cowardly.

Yet, your ideology believes exploiting the poor consider it to be heroic and to the benefit of the working poor.

You mean the people you keep enslaved on your democrat plantation?

Another foolish comment by someone who echoes a RW meme and demonstrates no knowledge of the history of the United States.

So, yes....

 

[JimH52]

Let's just cut to the chase. When age and physical ability prevents a person from earning a living and supporting one's self it is time for the grinder and transformation into feed product.

This is in the GOP platform, right?

 

[owebo]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

The problem with the article is that it really fails to show how the benefit cuts affect people. This is a piece (which I wrote) which gives a better breakdown of the cuts. If you think otherwise don't hesitate to tell me what I am missing.

Legislation Introduced to Apply the Chained CPI to Social Security COLA

This legislation is so noxious that I just can't believe it would end up being law. Or at least permanent law.

Trump promised he would not mess with it. I'll just hope that this is a nod to the crazies to keep them happy.
.

Trump said a lot of things to get elected. Some fell for it.

One can fool some of the people all of the time.

And all of the democrats all of the time.....

 

[Wry Catcher]

Let's just cut to the chase. When age and physical ability prevents a person from earning a living and supporting one's self it is time for the grinder and transformation into feed product.

This is in the GOP platform, right?

"I've got mine, I want more, fuck the rest of you", about sums up the GOP's agenda.

 

[Dschrute3]

And when this doesn't happen, we'll see if the Democrats admit they were just pushing more Fake News.

 

[Wry Catcher]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

The problem with the article is that it really fails to show how the benefit cuts affect people. This is a piece (which I wrote) which gives a better breakdown of the cuts. If you think otherwise don't hesitate to tell me what I am missing.

Legislation Introduced to Apply the Chained CPI to Social Security COLA

This legislation is so noxious that I just can't believe it would end up being law. Or at least permanent law.

Trump promised he would not mess with it. I'll just hope that this is a nod to the crazies to keep them happy.
.

Trump said a lot of things to get elected. Some fell for it.

One can fool some of the people all of the time.

And all of the democrats all of the time.....

It's odd that someone as dumb as owebo continues to attack liberals and progressives, those who aid and comfort the disabled. I suppose that sort of stinking thinking comes with his disability.

 

[Silhouette]

GOP introduces bill to cut Social Security

Super, just what we need: more 60-something homeless elderly living in the bushes. I've been washing jackets out of my closets this year and handing them out to a group of 60-something veterans and other homeless elderly. One guy says that at night, during the freezing rain, he slips inside of a trash bag and then puts his wet blanket over the top of that so at least he stays partially dry. But wet fabric has no insulating properties, unless it's wool. And it's not.

 

[Dragonlady]

You mean the people you keep enslaved on your democrat plantation?

Ah yes, the "Democratic Plantation lie". An oldie but a goody.

Republicans are the ones who have fought tooth and nail against anything that would increase the incomes of the working poor - except "earned income credits": The one method of increasing income which takes from taxpayers and gives to the underpaid workers some of the most profitable corporations in America.

It's expensive, administration heavy and means tested, which means that more money goes into administration than payments, which is exactly the type of program right wingers love because they can point out how wasteful and expensive government is, without admitting that they set this program up to be wasteful and expensive, and to distract you from the corporate profits which rise every time they raise the credits.

 

[Lakhota]

The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.

Intragovernmental Holdings

Which agencies own the most Treasuries? Social Security, by a long shot.

Here's the detailed breakdown (as of December 31, 2015):

• Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
• Office of Personnel Management Retirement - $873 billion
• Military Retirement Fund - $601 billion
• Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
• All Other Retirement Funds - $187 billion
• Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)

Debt Held by the Public

Here's the breakout:

• Foreign - $6.175 trillion
• Federal Reserve - $2.461 trillion
• Mutual Funds - $1.056 trillion
• State and Local Government, including their pension funds - $803 billion
• Private Pension Funds - $403 billion
• Banks - $515 billion
• Insurance Companies - $293 billion
• U.S. Savings Bonds - $174 billion
• Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)

This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.

What About Foreign Ownership of the Debt?

China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.

Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.

Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.

The Real Owner of the U.S. Debt Will Surprise You

Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.

 

[sealybobo]

So what. The Pubs, and Ryan are the heads now. Ryan is such a joke. I have always voted midterms, that is when they do all the mileage increases, and they all pass. Or they hold a special vote for something very important and no one shows up.

This is why nothing will ever change. Let's say we elect a man of the people and the billionaires obstruct him. Do the people show up in 2010 and vote out the obstructionists? No. So they blame Obama for letting them down but it's the people who let the democratic party down.

I agree, but the billionaires always win, money always win. Now the Pubs want to raise the tax exempt limit on HSA's , they do not want to pay taxes. It is the lower income who can afford to fund HSA's who end up paying taxes.

Well, you progressives need to find a different way then. Punishing/taking from the successful makes no sense… In fact it's cowardly.

Yet, your ideology believes exploiting the poor consider it to be heroic and to the benefit of the working poor.

You mean the people you keep enslaved on your democrat plantation?

What is it you did or do for a living again?

 

[Dragonlady]

Yet, your ideology believes exploiting the poor consider it to be heroic and to the benefit of the working poor.

You mean the people you keep enslaved on your democrat plantation?

What is it you did or do for a living again?[/QUOTE]

Owebo has over 11,000 posts here since July - less than 6 months. I think he's a paid poster.

 

[JoeTheEconomist]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

The problem with the article is that it really fails to show how the benefit cuts affect people. This is a piece (which I wrote) which gives a better breakdown of the cuts. If you think otherwise don't hesitate to tell me what I am missing.

Legislation Introduced to Apply the Chained CPI to Social Security COLA

This legislation is so noxious that I just can't believe it would end up being law. Or at least permanent law.

Trump promised he would not mess with it. I'll just hope that this is a nod to the crazies to keep them happy.
.

I think it has a very low statistical likelihood of passing, but the point I was trying to make is that Trump will need to make a decision much sooner than he would like. All told I think he would like to ignore the problem for four years.

 

[JoeTheEconomist]

There is no bill cutting benefits for those already in the system unless they're still making over $85K a year and it's a tiny cut. It's called "means-testing" and it's the only thing that will make the system solvent again. I heard Hannity say he wants every penny he's entitled to, but what Hannity didn't say is that he's worth $80M and doesn't need SS benefits. For him and other wealthy people, the system has nothing more to offer. It was always intended to be an insurance policy against abject poverty in one's golden years. I'd entitle the letter to those above the cut-off: "Congratulations! You've accomplished the American Dream and have saved and invested so well, you don't have to take SS$ away from those in need. Thank you!", signed Uncle Sam. Should they lose their fortune, they'd again be eligible for benefits. The communists here and elsewhere will scream lies at the tops of their lungs about "fleecing the poor" etc. Remember, these are the scum who emptied the lock-box and to add insult to injury, started TAXING SS benefits. Most of us have nothing to worry about as our new economy will create millions of new taxpayers, removing them from welfare rolls....a double-header toward black ink. Those who want to invest a portion of their future benefits should be freed of a mandatory seizure of their money to invest in private accounts with the SS admin making sure that money is invested there and only there....like the old Christmas Club at banks where you couldn't get your mitts on your money until just before Christmas. As one who's already receiving benefits and not making $85K a year, I'm not worried in the least.

If you want a welfare program....

End SS and transfer the resources to an actual welfare program.

SS isn't a "welfare program"...any "economist" would know that.

It is designed to be not-a-welfare program Your changes would turn it into one.

 

[buckeye45_73]

The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.

Intragovernmental Holdings

Which agencies own the most Treasuries? Social Security, by a long shot.

Here's the detailed breakdown (as of December 31, 2015):

• Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
• Office of Personnel Management Retirement - $873 billion
• Military Retirement Fund - $601 billion
• Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
• All Other Retirement Funds - $187 billion
• Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)

Debt Held by the Public

Here's the breakout:

• Foreign - $6.175 trillion
• Federal Reserve - $2.461 trillion
• Mutual Funds - $1.056 trillion
• State and Local Government, including their pension funds - $803 billion
• Private Pension Funds - $403 billion
• Banks - $515 billion
• Insurance Companies - $293 billion
• U.S. Savings Bonds - $174 billion
• Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)

This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.

What About Foreign Ownership of the Debt?

China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.

Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.

Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.

The Real Owner of the U.S. Debt Will Surprise You

Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.

So what is the percentage of benefits for Social Security in 2035?

 

[Mac1958]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

The problem with the article is that it really fails to show how the benefit cuts affect people. This is a piece (which I wrote) which gives a better breakdown of the cuts. If you think otherwise don't hesitate to tell me what I am missing.

Legislation Introduced to Apply the Chained CPI to Social Security COLA

This legislation is so noxious that I just can't believe it would end up being law. Or at least permanent law.

Trump promised he would not mess with it. I'll just hope that this is a nod to the crazies to keep them happy.
.

I think it has a very low statistical likelihood of passing, but the point I was trying to make is that Trump will need to make a decision much sooner than he would like. All told I think he would like to ignore the problem for four years.

I don't know. He's not ideological, and that's what this is about. It wouldn't surprise me if he opposed it, adding to the list of issues the GOP will have to swallow for nominating him.

Possible, anyway.
.

 

[sealybobo]

Yet, your ideology believes exploiting the poor consider it to be heroic and to the benefit of the working poor.

You mean the people you keep enslaved on your democrat plantation?

What is it you did or do for a living again?

Owebo has over 11,000 posts here since July - less than 6 months. I think he's a paid poster.[/QUOTE]
They don't pay for quantity without quality.

 

[Wry Catcher]

The government owes Social Security about $2.8 trillion. The government also owes China and other holders of U.S. debt. Are they holding "worthless" debt as some seem to insinuate Social Security is holding? Sounds like someone should enlighten China and the others.

Intragovernmental Holdings

Which agencies own the most Treasuries? Social Security, by a long shot.

Here's the detailed breakdown (as of December 31, 2015):

• Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) - $2.786 trillion
• Office of Personnel Management Retirement - $873 billion
• Military Retirement Fund - $601 billion
• Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) - $267 billion
• All Other Retirement Funds - $187 billion
• Cash on Hand to Fund Federal Government Operations - $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)

Debt Held by the Public

Here's the breakout:

• Foreign - $6.175 trillion
• Federal Reserve - $2.461 trillion
• Mutual Funds - $1.056 trillion
• State and Local Government, including their pension funds - $803 billion
• Private Pension Funds - $403 billion
• Banks - $515 billion
• Insurance Companies - $293 billion
• U.S. Savings Bonds - $174 billion
• Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) - $1.198 trillion. (Sources: Federal Reserve, Factors Affecting Reserve Balance, May 12, 2016. Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of June 2015)

This debt is not only in Treasury bills, notes, and bonds but also TIPS and special State and Local Government Series securities.

What About Foreign Ownership of the Debt?

China owns $1.157 trillion U.S. debt. As of September 2016, it was the largest foreign holder. Japan is next, holding $1.136 trillion. Both Japan and China want to keep thevalue of the dollar high when compared to their currencies. That helps their exports to the United States seem more affordable, which helps their economies grow. That's why, despite China's occasional threats to sell its holdings, both countries are happy to be America's biggest foreign bankers. China replaced the United Kingdom as the second largest foreign holder on May 31, 2007. That's when it increased its holdings to $699 billion, outpacing the United Kingdom's $640 billion.

Ireland is third, holding $270 billion. The Cayman Islands is fourth, at $262 billion. Luxembourg is seventh ($227 billion), and Belgium is eleventh ($142 billion). The Bureau of International Settlements believes all three are fronts for sovereign wealth funds and hedge funds that don't want to reveal their positions.

Brazil is the fifth largest holder at $258 billion. The next largest holders are Switzerland, the UK, Hong Kong, Taiwan, and India. They each hold between $122 - $240 billion each. (Source: Foreign Holding of U.S. Treasury Securities, October 18, 2016. "Petrodollars and Global Imbalances," U.S. Treasury, February 2006.) Data is from various reports that are released at different times. Therefore, the total may not add up to $19 trillion.

The Real Owner of the U.S. Debt Will Surprise You

Bottom Line: We can't undo what was done to Social Security - but the solution is not to abolish it.

So what is the percentage of benefits for Social Security in 2035?

Every budget is a plan, and plans change due to unforeseen circumstances. Which is why the Rand Paul concept of a balanced budget is naive, or most likely demagoguery.

For example, a home owner budgets $100 per month for home maintenance, and halfway through the year a heavy rain creates several leaks in the roof. To do nothing, the sheet rock will deteriate and ruin the floor and furniture, thus the budget now requires an adjustment.

S/He must cut other budgeted items, borrow the money or kick the problem down the road - as our Congress has been doing for for far too long - and let a problem turn into a catastrophe.

 

[TNHarley]

https://www.yahoo.com/finance/news/...-massively-cut-social-security-222200857.html

If Ryan puts this up for a vote, and McConnell too, and they do not includes massive cuts to the salary and benefits of members of Congress, members of the Supreme Court and to all elected and appointed members of the executive, from US Marshalls, US Attorney's and Federal Judges, we will have seen a Reactionary Revolution and the death of the American Dream.

The power elite will have created a coup, making the United States into the first nation to go from the most powerful and free nation in the world, to a third world nation governed by Plutocrats and Authoritarians who will reside in gated communities and pass draconian laws slowly eroding the Bill of Rights.

Michigan is already passing laws to make voting more difficult, a certain attempt to protect the GOP in future elections.

Wake up people, it can and will happen here.

Yes Mi is working on taking away the straight ticket voting which will make for long lines and less showing up.
They are doing a lot to make sure they maintain the maj.

Getting rid of hackery and duopoly bullshit is a bad thing?