GOP introduces bill to cut Social Security

[Rustic]

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

Gee when Congress passed SS in the Thirties Republicans pointed out that America would be a communist nation in a short time. My old grandmother would not cash her SS checks because she did not want to be a communist. I sometimes wonder if SS will cause America to go communistic?

I have no problem if people want to participate and pay into it where the problem is forcing people that want nothing to do with it to be forced into a socialist entitlement program…

 

[Kosh]

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.

More fake news that the far left will believe without question or hesitation..

So show us the part of the bill that calls for cuts in the actual bill.

Silly far left drone!

Please show al the Bills the far left introduced to save SS under the 8 years of Obama!

Sam Johnson Unveils Plan to Permanently Save Social Security

WASHINGTON, D.C. – Today, Ways and Means Social Security Subcommittee Chairman Sam Johnson (TX-03) introduced legislation that will permanently save Social Security, ensuring this vital program continues to work for today’s workers and beneficiaries and future generations. For years, the Social Security Board of Trustees has cautioned the program is on an unsustainable path. This year, the Trustees Report warned workers will face a 21 percent benefit cut starting in 2034 if Congress does not reform the program.

Chairman Johnson’s legislation, the Social Security Reform Act of 2016 (H.R. 6489), puts Social Security back on a sustainable path by modernizing the program for the 21st century, rewarding retirees and individuals with disabilities for their years of work, and improving retirement security.

Upon introducing the legislation, Chairman Johnson said:

“For years I've talked about the need to fix Social Security so that our children and grandchildren can count on it to be there for them just like it’s there for today’s seniors and individuals with disabilities,” said Johnson. “My commonsense plan is the start of a fact-based conversation about how we do just that. I urge my colleagues to also put pen to paper and offer their ideas about how they would save Social Security for generations to come. Americans want, need, and deserve for us to finally come up with a solution to saving this important program.”

The Social Security Reform Act of 2016 ensures Social Security will be there when Americans need it by:

• Modernizing how benefits are calculated to increase benefits for lower income workers while slowing the growth of benefits for higher income workers.
• Gradually updating the full retirement age at which workers can claim benefits. The new retirement age better reflects Americans’ longer life expectancy while maintaining the age for early retirement.
• Ensures benefits keep up with changes in the economy by using a more accurate measure of inflation for the annual Cost-of-Living-Adjustment.
• Protecting the most vulnerable Americans by increasing benefits for lower-income earners and raising the minimum benefit for those who earned less over the course of long careers.
• Promoting flexibility and choice for workers by eliminating the Retirement Earnings Test for everyone. This allows workers to receive benefits—without a penalty—while they are working, or fully delay retirement and wait to receive benefits. For those who delay claiming benefits, they can receive increases in a partial lump sum or add it all to their monthly check.
• Encouraging saving for retirement by phasing out Social Security’s tax on benefits for workers who continue to receive income after they retire or stop working due to a disability.
• Targeting benefits for those most in need by limiting the size of benefits for spouses and children of high-income earners.
• Treating all workers fairly when their Social Security benefits are calculated by using the same, proportional formula that looks at all of an individual’s earnings over the course of his or her career.

 

[Wry Catcher]

For the liars and the fools:

Sam Johnson Unveils Plan to Permanently Save Social Security

http://samjohnson.house.gov/uploadedfiles/johnson_letter_2016_ss_actuary.pdf

 

[initforme]

Social security should be a top priority for protection. Touch it and the repercussions cannot be dealt with.

 

[Rustic]

Social security should be a top priority for protection. Touch it and the repercussions cannot be dealt with.

It should be protected, also people should be allowed to opt out of it. I've paid into it all my adult life i'd be perfectly happy to just give up what I paid into it, just to get out of it…

 

[miketx]

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

Give my money back thief.

 

[Dragonlady]

I kind of agree, but here is the deal---------->want to kill it! Then give everyone alive who paid in, their money, and the money their employer paid in for them, then talk kill it. Until then, nobody in the right mind, is going to give up a FORCED investment that they HAD to pay into, because the politicians spent it on something else.

I will never see a penny that I put into it back, which is fine with me but there is no doubt it is bankrupt…

Well, not everybody thinks like you! This was a social contract between government, and the citizens. The government FORCED people and business to pay into it in workers names, and for allowing that to happen, they promised a benefit. If they do not want to solve the problem, then they need not run for office.

I do not know how old you are, but I am old enough to remember being WARNED over, and over, and over again, that if the government did not stop spending the SS fund to help balance the budget, the country would be screwed. It has come to pass! And guess what happened to virtually EVERY politician who tried to fix it! That is correct, they either lost, or if in office, got thrown out. Politicians spun it all away, just like they spin the debt today.

Social security will NOT go broke, take that to the bank. But, what we all better hope gets fixed is medicare. People say what is the difference! Let me tell you------------>if they can print money in QE, they can print money to prop up SS long enough if they change the rules. They can't do that with medicare! The only way they can do it without a REAL fix, is FORCE doctors and nurses to work for LESS, while forcing them to take patients they may not want. That is the essence of socialism, period! Medicare is healthcare. Healthcare is 1/6th of the economy. With the baby-boomers retiring in droves, their use of medical services will be a large part of that 1/6th of the economy. Remember, SS is not a large part of the economy, so it can be propped up. Medicare can NOT without a financial solution.

I am 47 years old, and I will never see a penny back… fact
I just don't want to pay until a failed concept anymore.

There is already more people taking out than paying in, it should be a choice from here on out if you want Social Security and pay into it, fine... but don't make people that want nothing to do with it pay into it

You didn't read this link:

5 facts about Social Security

I didn't expect you to read it, so please continue to post ignorant statements. It is sadly quit funny.

I read your link, the problem is it should not be a mandatory program. If it was any good people would want to pay into it and participate.
It would be much better if it was just a choice to pay/participate it.

For any large social program to work, it has to be mandatory. The very people who need it most, are the first to opt out. 95% of all people save NOTHING for retirement and end up on welfare, or otherwise being a burden to society. This ensures every working American will have some income when the day arrives that they can't work.

 

[initforme]

Its hard to save when wages are as awful as they are. Impossible.

 

[Rustic]

I will never see a penny that I put into it back, which is fine with me but there is no doubt it is bankrupt…

Well, not everybody thinks like you! This was a social contract between government, and the citizens. The government FORCED people and business to pay into it in workers names, and for allowing that to happen, they promised a benefit. If they do not want to solve the problem, then they need not run for office.

I do not know how old you are, but I am old enough to remember being WARNED over, and over, and over again, that if the government did not stop spending the SS fund to help balance the budget, the country would be screwed. It has come to pass! And guess what happened to virtually EVERY politician who tried to fix it! That is correct, they either lost, or if in office, got thrown out. Politicians spun it all away, just like they spin the debt today.

Social security will NOT go broke, take that to the bank. But, what we all better hope gets fixed is medicare. People say what is the difference! Let me tell you------------>if they can print money in QE, they can print money to prop up SS long enough if they change the rules. They can't do that with medicare! The only way they can do it without a REAL fix, is FORCE doctors and nurses to work for LESS, while forcing them to take patients they may not want. That is the essence of socialism, period! Medicare is healthcare. Healthcare is 1/6th of the economy. With the baby-boomers retiring in droves, their use of medical services will be a large part of that 1/6th of the economy. Remember, SS is not a large part of the economy, so it can be propped up. Medicare can NOT without a financial solution.

I am 47 years old, and I will never see a penny back… fact
I just don't want to pay until a failed concept anymore.

There is already more people taking out than paying in, it should be a choice from here on out if you want Social Security and pay into it, fine... but don't make people that want nothing to do with it pay into it

You didn't read this link:

5 facts about Social Security

I didn't expect you to read it, so please continue to post ignorant statements. It is sadly quit funny.

I read your link, the problem is it should not be a mandatory program. If it was any good people would want to pay into it and participate.
It would be much better if it was just a choice to pay/participate it.

For any large social program to work, it has to be mandatory. The very people who need it most, are the first to opt out. 95% of all people save NOTHING for retirement and end up on welfare, or otherwise being a burden to society. This ensures every working American will have some income when the day arrives that they can't work.

That is why socialist entitlement programs do not work, it brings out the worst in people and absolutely the worst in the federal government. It gives them a perfect Avenue to control the population… Fact

 

[owebo]

Social security should be a top priority for protection. Touch it and the repercussions cannot be dealt with.

I'm fine with ending it...MAGA

 

[depotoo]

"Protecting the most vulnerable Americans by increasing benefits for lower-income earners and raising the minimum benefit for those who earned less over the course of long careers."

Sounds a little different than what you suggest.

i got this quote from AARP ...from Trump....


If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future. As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. Our goal is to keep the promises made to Americans through our Social Security program.”....so we will see....

Why cut SS for those who need it?

Wouldn't it make more sense to double the maximum level (currently $118,500 income level) and make the wealthy pay more (BTW, my income exceeds this figure).

And why cut the minimum wage and reduce the amount of unemployment Insurance to people who need it? Both are cuts to working men and women, btw, who by no fault of their own lost their job.

 

[Eaglewings]

 

[Rustic]

Social entitlement programs are nothing but a Ponzi scheme anyway so who gives a fucking shit? LOL

 

[Carl in Michigan]

Even liberal "politifact" rates that claim "mostly false"
Did George W. Bush 'borrow' from Social Security to fund the war in Iraq and tax cuts?

 

[regent]

I guess Republicans have given up on their usual scare tactic, "Social Security is communism"?

 

[Wry Catcher]

"Protecting the most vulnerable Americans by increasing benefits for lower-income earners and raising the minimum benefit for those who earned less over the course of long careers."

Sounds a little different than what you suggest.

Ever heard of bait and switch? Promises from a Pol have no traction.

i got this quote from AARP ...from Trump....


If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future. As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. Our goal is to keep the promises made to Americans through our Social Security program.”....so we will see....

Why cut SS for those who need it?

Wouldn't it make more sense to double the maximum level (currently $118,500 income level) and make the wealthy pay more (BTW, my income exceeds this figure).

And why cut the minimum wage and reduce the amount of unemployment Insurance to people who need it? Both are cuts to working men and women, btw, who by no fault of their own lost their job.

Ever heard of bait and switch? Promises from a Pol have no traction.

 

[rdean]

Paul Ryan's idol Ayn Rand railed against Social Security, until she needed it.

http://knowledgenuts.com/2013/09/20/ayn-rand-was-a-secret-welfare-queen/
Ayn Rand Was A Secret Welfare Queen

 

[flacaltenn]

Social security should be a top priority for protection. Touch it and the repercussions cannot be dealt with.

TOUCH IT???? MERELY TOUCH IT?? The fund has robbed blind. There is nothing of value in the "Trust Fund". The INCOME for the fund started to go negative in 2010. About 8 years AHEAD of recent predictions. When the SSA needs money from the Treasury to cover these shortfalls, it does NOT open the "trust fund vault" and take it out. Because NOTHING OF VALUE ever got put in there. You were ROBBED of the excess SS payments and they were SPENT. NOW the Treasury issues BRAND NEW DEBT to cover any shortfalls. Robbing you and your children a SECOND time.

The whole charade about 2034 and the "Trust Fund" going broke is a cruel hoax. It has been "broke" since about 2010.

What SHOULD have happened to the SS surplus is -- the adults in charge SHOULD have used the surplus to buy down future payments. IOW -- allow some folks to voluntarily opt out (a small fraction of their contribution -- like 15 or 20%) as the surplus allowed, in exchange for reduced benefits when they retired. But Dems got totally frantic, because ROBBING THE SS surplus is exactly how BillyJeff and his Congress magically "balanced" the budget. And paid for all the goodies.

All of this actual bad news is on the LAST PAGES of most every annual prospectus from the SSA. AFTER they spend 20 pages on how wonderfully sound the "trust fund" is. The disclaimer is exactly as I have said. That there is NOTHING in the Trust Fund that can be used against future deficits. And that the only way to avoid deficits in the funds is to RAISE more FICA money, or have the Treasury issue BRAND NEW debt -- putting the theft on the backs of FUTURE wage earners to support that new debt..

 

[flacaltenn]

I KNOW I'm gonna be asked for a link. Hate to provide it because this is so serious -- EVERY AMERICAN should ALREADY KNOW this..

But here it is --- from SSA themselves (turn to Pg12). And I have matching statements from the CBO, and several IG offices.

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Social Security’s annual surpluses
of tax income over expenditures are expected to fall sharply this
year and to stay about constant in 2010 because of the economic recession,
and to rise only briefly before declining and turning to cash flow
deficits beginning in 2016 that grow as the baby-boom generation retires.

[[FCT NOTE: When this was written, no one knew that OBAMA was gonna rob INCOME from the fund in 2009 for his "tax breaks to the working class" -- thus making this transition to insolvency occur in 2010 fiscal year instead of 2016 projection]]

The combined difference grows each year, so that by 2016, net revenue
flows from the general fund would total $369 billion (1.8 percent of
GDP). The positive amounts that begin in 2016 for OASDI, and started in
2008 for HI, initially represent payments the Treasury must make to the
trust funds when assets are depleted to help pay benefits in years prior to
exhaustion of the funds. Neither the redemption of trust fund bonds, nor
interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.

You were ROBBED twice. Now how silly does it sound when Leftists and fools who believe in Trust Funds say they "don't want SS touched". Really pisses me off. It's been TOUCHED alright. Too many times.

Wall street tells you to "READ the prospectus carefully". The Feds make them do that. But the thieves in Washington D.C. bury their larceny in the back pages of the MOST IMPORTANT PROSPECTUS that most American have for retirement. They should in irons. In prison. End of story..

 

[Darkwind]

An outright lie.