GOP introduces bill to cut Social Security

[rdean]

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..

If Republicans can give three trillion in tax breaks to billionaires and spend three trillion on Iraq, they certainly could find a few billion to help the nation's elderly. Why is Iraq more important than us?

 

[mudwhistle]

I've decided once Trump takes office not to put any more money into Social Security, at least not until I get back the $300,000+ that was put in for me by myself and my employers.

Good luck with that.
First I think Obama needs to put back the billions he stole from the fund to shore up Obamacare.

 

[Tom Horn]

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.

 

[Tom Horn]

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

Teachers are posting stories online that students who receive free breakfast and lunches through their schools, start panicking before long breaks, because they don't know how or where they're going to eat during the break, even if their parents both work.

Paul Ryan just gave a speech saying that free breakfast and lunch programs for poor students, breaks their soul. In other words, let 'em starve.

You voted for these people to help you succeed. This is the kind of help you can expect.

BULLSHIT. What parents can't afford to get their kid a baloney sandwich and an apple for lunch? When/if that's the case, the kids should be put in foster care.

 

[Tom Horn]

As a Canadian,

Well that clears up who you are.....a hateful, envious, canuck butting into American issues. FYI...try electing somebody but a little fairy like Trudeau next time if you want to run with the big dogs.

 

[Tom Horn]

Yahoo news huh ??

Are you sure this is not JUNK NEWS ??

Katie Couric runs Yahoo "news"....and she's run them into a ditch.

 

[Contumacious]

The election of Trump to the Presidency was revolting to the majority of Americans; the Statue of Liberty wretched on election night when all the world learned fascism had come to America.
Trump voters have put on their brown shirts; red, white and blue are not fitting for their kind.



.

Excuse me dingleberry

fascism came to America when the HEAVY GRADUATED "INCOME" TAX and Federal Reserve Board were adopted .

Fascism was cemented as our socioeconomic system when FDR adopted it back in 1935.

All presidents have followed fascism since then.

While fascism is a branch of socialism its application vary by degrees.


.

 

[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..

If Republicans can give three trillion in tax breaks to billionaires and spend three trillion on Iraq, they certainly could find a few billion to help the nation's elderly. Why is Iraq more important than us?

Sincerely RDean. That's not the issue. The issue is violating the INITIAL INTENT of SSec. And that was UNIVERSAL Retirement insurance. ALL of the proposals to raise the caps on salary contributions just turn UNIVERSAL into another welfare entitlement. I would have to live to age 120 to even break EVEN. Because i've been self employed for over 25 years and contributed the FULL freight of FICA..

So PERSONALLY -- I'd prefer to see it as a welfare entitlement. And acknowledge the govt screwed up the UNIVERSAL nature of the plan by STEALING and MISMANAGING the whole thing. And let the nation take care of 10% or 15% who need it. And let the rest of us invest the money for our retirement as we see fit.

But if the GOVT ACKNOWLEDGES their Theft and Failure -- what are the odds the American people would EVER trust them again with a "trust fund" or UNIVERSAL anything? Good luck selling "UNIVERSAL" health care after that news comes out...

 

[Tom Horn]

SS will be fine once it's means-tested and the DISABILITY thieves are tracked and arrested. I know a woman who's been on disability for years over carpel-tunnel syndrome. It's a cheap and simple procedure to cure and yet they can't force her to get it done. So they've been paying her for years to sit on her ass watching TV and turning into a 300lb blob with high BP and diabetes which are costing us thousand$ more to deal with. She'd be up on feet again in a heartbeat if that check stopped coming.

 

[Wry Catcher]

The election of Trump to the Presidency was revolting to the majority of Americans; the Statue of Liberty wretched on election night when all the world learned fascism had come to America.
Trump voters have put on their brown shirts; red, white and blue are not fitting for their kind.



.

Excuse me dingleberry

fascism came to America when the HEAVY GRADUATED "INCOME" TAX and Federal Reserve Board were adopted .

Fascism was cemented as our socioeconomic system when FDR adopted it back in 1935.

All presidents have followed fascism since then.

While fascism is a branch of socialism its application vary by degrees.


.

Once again a member of the idiot fringe posts a meme as a fact and rewrites history to prove his conclusion.

 

[Wry Catcher]

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

But I paid in?

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.

 

[owebo]

But I paid in?

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?

 

[Wry Catcher]

SS will be fine once it's means-tested and the DISABILITY thieves are tracked and arrested. I know a woman who's been on disability for years over carpel-tunnel syndrome. It's a cheap and simple procedure to cure and yet they can't force her to get it done. So they've been paying her for years to sit on her ass watching TV and turning into a 300lb blob with high BP and diabetes which are costing us thousand$ more to deal with. She'd be up on feet again in a heartbeat if that check stopped coming.

I knew a guy who lost both legs and an arm in Vietnam and became a member of congress, only to have a conservative republican run against him and defeat him from reelection.

And that's true, as Yogi said, you can look it up!

 

[owebo]

SS will be fine once it's means-tested and the DISABILITY thieves are tracked and arrested. I know a woman who's been on disability for years over carpel-tunnel syndrome. It's a cheap and simple procedure to cure and yet they can't force her to get it done. So they've been paying her for years to sit on her ass watching TV and turning into a 300lb blob with high BP and diabetes which are costing us thousand$ more to deal with. She'd be up on feet again in a heartbeat if that check stopped coming.

I knew a guy who lost both legs and an arm in Vietnam and became a member of congress, only to have a conservative republican run against him and defeat him from reelection.

And that's true, as Yogi said, you can look it up!

People are starting to despise democrats....

 

[Wry Catcher]

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..

If Republicans can give three trillion in tax breaks to billionaires and spend three trillion on Iraq, they certainly could find a few billion to help the nation's elderly. Why is Iraq more important than us?

Iraq is not more important, the military industrial complex was more important than the Iraqi citizens.

 

[owebo]

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..

If Republicans can give three trillion in tax breaks to billionaires and spend three trillion on Iraq, they certainly could find a few billion to help the nation's elderly. Why is Iraq more important than us?

Iraq is not more important, the military industrial complex was more important than the Iraqi citizens.

Didn't Obama surrender? Isn't he back there again?

 

[NYcarbineer]

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.

 

[NYcarbineer]

Bush tried to mangle Social Security in 2005.

He lost Congress to the Democrats in 2006.

 

[Dschrute3]

Communist/Democrat fake news. Don't believe the hype.

 

[Wry Catcher]

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?

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