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As The Crisis Over Social Security Builds, Rebellion Rises..

Ways And Means Chairman Shows Signs Of Jumping Ship

January 29, 2005 1:30:15 AM from JoeUser ForumsJoeUser Forums
There's a whole list of comments I could make that are painfully ironic. The article I'm gonna cite is here:

Link

Smart man. Witness the political self-preservation method here, folks. Thomas knows Bush is the quintessenal lame duck, there's nothing the man needs to do for reelection now and so Bush is trying to get his pet projects passed, no matter how unpouplar they may be now or later. Fact is, I'd be itchy too if I was a Republican running for office in 2006. No offense, George, but if people wanted their personal retirement account or could afford it, they'd probably set up a portfolio or IRA of their own, and not magically trust the government to do it for them, and that's what the current Social Security revamping idea is like.

Fact is, in the good old days, what you'd do to keep your social programs alive is...are you ready for this?...raise taxes a little and more money would flow in, helping to pay off the shortfall. Now, the plus of raising the payroll tax ceiling is those of us who don't get to make our first 90,000 in a year wouldn't have to pay any more than we already do.

You know, it's nice to see once in a while someone making a little bit of sense. Revamping to pay Social Security needs to be done, yes, but we don't have to play the stock market to do it. Hopefully saner revisions and cooler heads will prevail...or maybe an excitable head showing common sense.

Waiting For The Other Shoe To Drop, the AWM/wolf dragon

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Solnac
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Reply #1 January 29, 2005 2:41:18 AM
from JoeUser ForumsJoeUser Forums
As The Crisis Over Social Security Builds, Rebellion Rises..

By: Solnac
Posted: Saturday, January 29, 2005 on Observations From An Angry White Male
Message Board: Politics
There's a whole list of comments I could make that are painfully ironic. The article I'm gonna cite is here:

Link

Smart man. Witness the political self-preservation method here, folks. Thomas knows Bush is the quintessenal lame duck, there's nothing the man needs to do for reelection now and so Bush is trying to get his pet projects passed, no matter how unpouplar they may be now or later. Fact is, I'd be itchy too if I was a Republican running for office in 2006. No offense, George, but if people wanted their personal retirement account or could afford it, they'd probably set up a portfolio or IRA of their own, and not magically trust the government to do it for them, and that's what the current Social Security revamping idea is like.

Fact is, in the good old days, what you'd do to keep your social programs alive is...are you ready for this?...raise taxes a little and more money would flow in, helping to pay off the shortfall. Now, the plus of raising the payroll tax ceiling is those of us who don't get to make our first 90,000 in a year wouldn't have to pay any more than we already do.

You know, it's nice to see once in a while someone making a little bit of sense. Revamping to pay Social Security needs to be done, yes, but we don't have to play the stock market to do it. Hopefully saner revisions and cooler heads will prevail...or maybe an excitable head showing common sense.

Waiting For The Other Shoe To Drop, the AWM/wolf dragon


You got a better idea? Then lets hear it.
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Solnac
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Reply #2 January 29, 2005 3:45:38 AM
from PoliticalMachine ForumsPoliticalMachine Forums
You got a better idea? Then lets hear it.


There's creating a lower income ceiling on the tax cuts Bush initated. I'm not opposed to the lowering the payroll ceiling idea. I'm just not a big fan of privatizing to make up for the shortfall.
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Reply #3 January 29, 2005 4:09:08 AM
from JoeUser ForumsJoeUser Forums
So, are you really saying that, you would be more than happy to have someone else pay more to ensure Social Security is there for you when you're ready for it?
Interesting.

Tell me, what else are you so generous that you would allow others pay more so that it will be there for you, when you're ready for it?
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Solnac
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Reply #4 January 29, 2005 5:28:18 PM
from PoliticalMachine ForumsPoliticalMachine Forums
So, are you really saying that, you would be more than happy to have someone else pay more to ensure Social Security is there for you when you're ready for it?
Interesting.

Tell me, what else are you so generous that you would allow others pay more so that it will be there for you, when you're ready for it?


So...tell me, why does that concern you so much? No, seriously. The original suggestion wasn't meant to benefit me, but some of the people who may need it more than me. I'm sorry if this sounds cruel as well, but I don't know many people who can afford for their parents to move back in with them, or many parents that would want to create that kind of burden for their children. Fact is, Ted, if you repeal the tax cuts for the uppermost, if you lower the payroll tax, those people probably have an alternate retirement program than SSI. Note the word, 'probably'.

Would you rather I propose a slight raise of taxes across the board to pay for an ailing program? Fine. In order not to sound biased, I suggest EVERYONE pay 3 to 5% more then they do now to SSI. I pay a pathetic amount anyway, so I wouldn't mind chipping in more if it keeps it solvent. And acutally, I'm not being sarcastic here. I would not mind paying higher taxes if it means I, as a member of my generation gets something back of what he paid into it and not get told I made a 'poor investment.'
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Reply #5 January 29, 2005 8:20:05 PM
from JoeUser ForumsJoeUser Forums

Reply #4 By: Solnac - 1/29/2005 5:28:18 PM Would you rather I propose a slight raise of taxes across the board to pay for an ailing program? Fine. In order not to sound biased, I suggest EVERYONE pay 3 to 5% more then they do now to SSI. I pay a pathetic amount anyway, so I wouldn't mind chipping in more if it keeps it solvent. And acutally, I'm not being sarcastic here. I would not mind paying higher taxes if it means I, as a member of my generation gets something back of what he paid into it and not get told I made a 'poor investment.'


Problem is that the increase your talking about would not even begin to cover the shortfall. And BTW you pay 12% just like evryone else does.
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