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jaysunb

(11,856 posts)
Thu Apr 11, 2013, 11:41 PM Apr 2013

Thank you Lawrence O'Donnell for tonights Rewrite.

Emotions are running high about SS and these supposed cuts to the program, but as a recipient and strong supporter, I urge others to take a look at the facts as they were presented in this segment.

I don't remember who said it, but I remember a quote about trying to fit a man in a boys coat. Four Presidents since FDR (Francis Perkins) created SS , have made cuts/adjustments to the program. (Nixon,Carter,Reagan and Clinton) In every case there was either a Democratic controlled Congress or voted for by a majority of Democrats. The sky is not falling.

And btw, I got 0 cola the first three years I drew SS. The $21 bucks a month don't make too big a difference in real life. I'm still poor.....

I'll try to post the entire segment before the flames get too hot. LOL

107 replies = new reply since forum marked as read
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Thank you Lawrence O'Donnell for tonights Rewrite. (Original Post) jaysunb Apr 2013 OP
Plus a zillion graham4anything Apr 2013 #1
Ditto (nt) Control-Z Apr 2013 #2
+1 No flames here. Not excited about CCPI, but I can see big picture. Hoyt Apr 2013 #3
After the health care kicks in for all, the amount of money saved will far offset any perceived loss graham4anything Apr 2013 #7
There's ALWAYS hatred against President Obama here,, graham4, elleng Apr 2013 #12
NO coincidences indeed.Tearing down Elijah Cummings & Sheila Jackson Lee is the last straw. graham4anything Apr 2013 #19
I had to put up with a poster mocking the Reverend Jesse Jackson, too. freshwest Apr 2013 #81
This ain't the DU ... 1StrongBlackMan Apr 2013 #46
You can disagree with something the president backs without hating him hollysmom Apr 2013 #69
Right, people should know how to disagree without being disagreeable, elleng Apr 2013 #74
Yes. Heck just the improvement in prescription drug donut hole more than offsets. Hoyt Apr 2013 #15
I spend almost $1000 in the dounut hole jaysunb Apr 2013 #22
Thank you for first hand account. I'm not saying things are great, but Obama has not abandoned Hoyt Apr 2013 #26
"FDR never intended for SS to be the end all." Spitfire of ATJ Apr 2013 #44
And now there' nothing again. slouching Apr 2013 #47
People stopped saving when banks stopped paying interest.... Spitfire of ATJ Apr 2013 #54
Welcome to DU slouching! hrmjustin Apr 2013 #84
LIE HiPointDem Apr 2013 #57
Thanks to Pres.Obama, I was able to switch companies even with pre-existing conditions. graham4anything Apr 2013 #82
I see "it's not a big deal" is the new black. Union Scribe Apr 2013 #4
+1 DJ13 Apr 2013 #5
Indeed...the MSM propaganda machine will be running at full speed any day now! SugarShack Apr 2013 #9
Yeah, and if you do "adjust" salib Apr 2013 #33
Can't have breakfast without Spam ... or cuts to SS Babel_17 Apr 2013 #43
No. Most will not be able to adjust. JDPriestly Apr 2013 #53
+1. liars. HiPointDem Apr 2013 #58
Is this going to be the one with the woman who helped set up a lot of New Deal programs? freshwest Apr 2013 #6
Yes-excellent history on Frances Perkins. SunSeeker Apr 2013 #77
Right, jaysunb, but elleng Apr 2013 #8
It was THAT post that inspired this one. :) nt jaysunb Apr 2013 #21
Oh wow.. I just went to that link.. thank you for being Cha Apr 2013 #28
Thanks. I'm waiting myself, before the sky actually does fall. nt babylonsister Apr 2013 #10
So, if the "sky does not fall" salib Apr 2013 #34
No. But get realistic. nt babylonsister Apr 2013 #39
I hope you do post the entire segment. I lost control of the tv to someone else, so I may miss patrice Apr 2013 #11
Thank you sir may I have another, not this guy. I am tired of the bs. SS has nothing to do with still_one Apr 2013 #13
It's all interelated. You cant just look at this like a fund accountant. Hoyt Apr 2013 #17
how is a self funded program related to the deficit ? hollysmom Apr 2013 #73
I wish you the best. Hoyt Apr 2013 #76
? hollysmom Apr 2013 #79
I'm in your boat. madamesilverspurs Apr 2013 #14
Heh Heh jaysunb Apr 2013 #20
I guess Elizabeth warren and Bernie sanders do not know anything still_one Apr 2013 #16
I guess Obama doesn't either. Hoyt Apr 2013 #18
Actually, when it comes to economics, I seriously don't think Obama knows JDPriestly Apr 2013 #55
Can you name a perfect Prez? Hoyt Apr 2013 #59
No. Obama isn't bad, but he does not understand economics. JDPriestly Apr 2013 #62
I think he understands being poor better than any Prez, and what it takes Hoyt Apr 2013 #65
Actually, Abraham Lincoln understood what it was to be poor better JDPriestly Apr 2013 #78
can you name a perfect red herring? frylock Apr 2013 #93
See a bunch of them around here. Hoyt Apr 2013 #94
yep.. frylock Apr 2013 #95
I thought it was incredibly interesting Samantha Apr 2013 #23
Thanks Sam jaysunb Apr 2013 #30
Thanks Jay.. I'll be looking forward to it.. Cha Apr 2013 #24
Strange OP. You say we should view this segment. What segment? rhett o rick Apr 2013 #25
The President claimed he would not do this Progressive dog Apr 2013 #27
Are you better off than you would have been without those cuts? Egalitarian Thug Apr 2013 #29
Obtuse ? unaware? apology ? jaysunb Apr 2013 #31
I have and it only reinforces what I wrote above. Obtuse and unaware, indeed. Egalitarian Thug Apr 2013 #35
You must not understand what I said about the "trade off." jaysunb Apr 2013 #38
And in what world is that an option? You're the one that wrote a thank you to Larry Egalitarian Thug Apr 2013 #41
sigh jaysunb Apr 2013 #51
And still no answers, nor any forthcoming. Egalitarian Thug Apr 2013 #52
He claims he got no cola the first three years he was on SS too, but SS has had a cola every HiPointDem Apr 2013 #60
Yep. The catfood argument salib Apr 2013 #32
thank you! veganlush Apr 2013 #36
How many people would agree that it's easier and more fair for you to wiggs Apr 2013 #37
Thank you for your response. jaysunb Apr 2013 #40
People I know on SS said COLAs are a joke already. Spitfire of ATJ Apr 2013 #42
They are? I guess you get a 4% average bump in your salary every year? HiPointDem Apr 2013 #63
Your own chart shows the times recently when they gave NOTHING. Spitfire of ATJ Apr 2013 #66
Three years out of 39 had no cola, and two of them were during the Obama administration, the same HiPointDem Apr 2013 #68
Are you really saying SS benefits have been more generous than wages? Spitfire of ATJ Apr 2013 #85
and in 2010 and 2011 Mnpaul Apr 2013 #100
They don't count things like bread and eggs. They count EVERYTHING.... Spitfire of ATJ Apr 2013 #101
In 1983 Mnpaul Apr 2013 #102
I guess they figured people on SS shouldn't own homes. Spitfire of ATJ Apr 2013 #103
No it was Reagan's way of fixing everything Mnpaul Apr 2013 #106
Indeed, he loved to divert by telling stories. Spitfire of ATJ Apr 2013 #107
Plus a brazillion. cliffordu Apr 2013 #45
Totally! I can't wait for next year's grand bargain! delrem Apr 2013 #48
The big picture my ass mick063 Apr 2013 #49
Annex the Cayman Islands?? Declare the stashing illegal and seize the funds.. tokenlib Apr 2013 #75
I wonder who will go without medications or food because of this Fearless Apr 2013 #50
Go without medications? Are you forgetting about the closing of the donut hole? phleshdef Apr 2013 #91
Let me refresh your memory. Since 1975 there have been COLAs every year but three. And they HiPointDem Apr 2013 #56
Oh nice! mick063 Apr 2013 #71
I'm not trying to explain it to you, I'm trying to explain it to the guy who claims he got zero cola HiPointDem Apr 2013 #72
I started SS in 2009 jaysunb Apr 2013 #86
that was two years, not three. so which is it? HiPointDem Apr 2013 #88
One last fucking time ! jaysunb Apr 2013 #89
there was a 5.8% cola in '09 & you got it. HiPointDem Apr 2013 #92
Actually, if was his first year on SS, then NO -- they didn't get a COLA increase. Raine1967 Apr 2013 #97
He got the cola increase. What he got included the jan 2009 cola increase. To say he didn't get HiPointDem Apr 2013 #99
I understand perfectly what you are saying. Raine1967 Apr 2013 #98
You say "supposed cuts." You're not very convincing. The cuts were offered purportedly to get AnotherMcIntosh Apr 2013 #61
How about no. Just no. The Second Stone Apr 2013 #64
they are not supposed cuts - they are real cuts. hollysmom Apr 2013 #67
The past two years Heathen57 Apr 2013 #70
K&R! Number23 Apr 2013 #80
O'Donnell just another obamapologist..... bowens43 Apr 2013 #83
Thank you and because of those previous cuts and adjustments seniors are Cleita Apr 2013 #87
You should watch the segments on Francis Perkins jaysunb Apr 2013 #90
You're so right...priviatization is the goal. Let the SS recipients suffer now snappyturtle Apr 2013 #104
Interesting... LO'D vs. Maddow, Hayes, Reich, Krugman, and Sanders WhaTHellsgoingonhere Apr 2013 #96
it was bullshit. "Frances Perkins said SS would change so of course she would support chained HiPointDem Apr 2013 #105
 

Hoyt

(54,770 posts)
3. +1 No flames here. Not excited about CCPI, but I can see big picture.
Thu Apr 11, 2013, 11:49 PM
Apr 2013

And I get why some are upset/ticked. I think if they looked at gains from budget, and protections built in they would see it's not the end of SS. In fact, with gains in Medicare in last few years, and other Obama achievements, we are still to the good.
 

graham4anything

(11,464 posts)
7. After the health care kicks in for all, the amount of money saved will far offset any perceived loss
Thu Apr 11, 2013, 11:56 PM
Apr 2013

and FDR never intended for SS to be the end all. It was suppose to be on top of other things.

I find it very coincidental that all this hatred against the President is coming on the same day/week that the vote for gun control is happening.

I would bet that it is not a coincidence.

 

1StrongBlackMan

(31,849 posts)
46. This ain't the DU ...
Fri Apr 12, 2013, 01:21 AM
Apr 2013

I knew and loved.

I don't envy the site administrators; but I think they should take note (action).

hollysmom

(5,946 posts)
69. You can disagree with something the president backs without hating him
Fri Apr 12, 2013, 02:30 AM
Apr 2013

Using offensive words does not allow for discussion, they are dismissive. If this continues I can see where people leave the democratic party as quickly as they are leaving the republican party. No one here wants us all to walk in lock step, disagreement makes for good discussion if people mind their manners.

elleng

(130,902 posts)
74. Right, people should know how to disagree without being disagreeable,
Fri Apr 12, 2013, 02:41 AM
Apr 2013

but there's not as much of that here as there should be, imo. There's no reason to leave the democratic party.

 

Hoyt

(54,770 posts)
15. Yes. Heck just the improvement in prescription drug donut hole more than offsets.
Fri Apr 12, 2013, 12:00 AM
Apr 2013

And there is more good to be counted.

jaysunb

(11,856 posts)
22. I spend almost $1000 in the dounut hole
Fri Apr 12, 2013, 12:16 AM
Apr 2013

which represent 5x the cola. Fix the doughnut hole and lots of us will be ok....for starters.

 

Hoyt

(54,770 posts)
26. Thank you for first hand account. I'm not saying things are great, but Obama has not abandoned
Fri Apr 12, 2013, 12:22 AM
Apr 2013

seniors.

 

Spitfire of ATJ

(32,723 posts)
44. "FDR never intended for SS to be the end all."
Fri Apr 12, 2013, 01:16 AM
Apr 2013

At the time there was NOTHING.

You worked until you DIED.

Most companies didn't offer pensions. Hell, they didn't even believe in minimum wage. Many had been using slave labor.

slouching

(1 post)
47. And now there' nothing again.
Fri Apr 12, 2013, 01:25 AM
Apr 2013

The three legged stool of retirement have been cut off. No more pensions. No more savings. Foreclosed homes or underwater mortgages. Social Security should not be touched except to increase benefits during these bad economic times.

 

Spitfire of ATJ

(32,723 posts)
54. People stopped saving when banks stopped paying interest....
Fri Apr 12, 2013, 01:53 AM
Apr 2013

I'm old enough to remember walking into a bank with a ten year old passbook I had forgotten about and having them add interest payments.

These days they would have closed the account from lack of activity and if someone showed up they would have said they had sucked up the money in fees.

As far as homes,...despite the crap you hear a home is NOT and "investment". It's a HOME. It's also an EXPENSE as you maintain it. If you make more than you put into it than, okay, you made some money but that money traditionally is supposed to go into the next place to fix it up. Also, the tradition is that you move from a smaller place into a bigger one as you go through life and have kids. Homes were never meant to be a "buy low sell high" thing for the public. It was supposed to be a place you live in.

 

graham4anything

(11,464 posts)
82. Thanks to Pres.Obama, I was able to switch companies even with pre-existing conditions.
Fri Apr 12, 2013, 05:04 AM
Apr 2013

That was only this year.
Went from Aetna who wanted $3100 a month to Horizon $1600.a month.

self employed family plan with NO exclusions, NO lifetime cap and a better deductible, and a better split
70%/30% instead of 50/50.
So it comes out to right this second w/ $1600 a month savings

Just one years savings here is more than a decade or two of SS even if there is an increase in a number that has been increased many times before

The # was never constant
And someone in their 20s and 30s and 40s never should expect that the # remain constant.

Try using some actual examples instead of your Wilson in the SOTU tractic of yelling out nasty soundbyte word.

But we all know, it's about the gun isn't it?

Shameful on the ones who are putting down Elijah Cummings and Sheila. Shame Shame Shame
Tsk Tsk Tsk

It is all perfectly clear.

It is all black and white.

Union Scribe

(7,099 posts)
4. I see "it's not a big deal" is the new black.
Thu Apr 11, 2013, 11:49 PM
Apr 2013

It's in fashion all over DU today! My favorite iteration was "most will be able to adjust."

salib

(2,116 posts)
33. Yeah, and if you do "adjust"
Fri Apr 12, 2013, 12:52 AM
Apr 2013

You get less still. That is the Chained CPI.

Imagine. You say OK, I only get 10 posts on DU a month, then I will only do 9.

Oh, you only do 9? Well, then, that is all you need now.

OK, then I will only do 8.

Yep, apply, rinse, repeat.

Babel_17

(5,400 posts)
43. Can't have breakfast without Spam ... or cuts to SS
Fri Apr 12, 2013, 01:12 AM
Apr 2013

SS should not be the bone thrown to look fair, or whatever.

And if cuts to SS are never going to happen because the budget is DOA then neither are the wonderful things in that budget going to happen.

What remains is the legacy that SS was put on the table by us.







JDPriestly

(57,936 posts)
53. No. Most will not be able to adjust.
Fri Apr 12, 2013, 01:52 AM
Apr 2013

And as they attempt to adjust, as they cut back what they spend, hairdressers, the guy that serves coffee down the block, the cable company, lots of little people with little jobs will start losing them. There are a lot of seniors in this country, and if each of them cuts back $50 or so per month, it will be felt by people, especially those in service industries -- like a lady who cleans the house of a very elderly person for just a little extra cash.

freshwest

(53,661 posts)
6. Is this going to be the one with the woman who helped set up a lot of New Deal programs?
Thu Apr 11, 2013, 11:55 PM
Apr 2013

I'll take a peek at V & MM later. Thanks.

SunSeeker

(51,554 posts)
77. Yes-excellent history on Frances Perkins.
Fri Apr 12, 2013, 02:50 AM
Apr 2013

She was an amazing woman. As Lawrence said, SS and Medicare were her idea-she did all the groundwork. But FDR had the good sense to pick her in the first place.

patrice

(47,992 posts)
11. I hope you do post the entire segment. I lost control of the tv to someone else, so I may miss
Thu Apr 11, 2013, 11:59 PM
Apr 2013

this LO'D otherwise.

still_one

(92,190 posts)
13. Thank you sir may I have another, not this guy. I am tired of the bs. SS has nothing to do with
Fri Apr 12, 2013, 12:00 AM
Apr 2013

Deficit

Keep your eye on the ball not the distraction

Why again wasn't the public option part of the ACA?

If Bernie sanders, Elizabeth warren say this is not a good deal I will believe them before the president, DNC, or dlc any day

hollysmom

(5,946 posts)
73. how is a self funded program related to the deficit ?
Fri Apr 12, 2013, 02:37 AM
Apr 2013

Only that the government has to pay it back - the whole SSI tax break was just a scam to make people think the SSI had to do with the deficit - The thing is all this money in the program was accumulated to pay for the lump of baby boomers going through the program - there will be fewer people in the future as we die off.

This whole scam is to keep from paying the SS money back from the government bonds - The politicians want to spend the savings to give more tax breaks to the rich, sorry, not playing that game - raise the taxes if you can't pay the government bills, don't rob a self paying system.

Accountants, Yes, I took some accounting in my years and worked on financial systems in major corporations (you have no idea what a pain it is to account for all the miles of phone lines to the foot in a report - way over max computer numbers). SO I can tell a credit from a debit and a scam from the truth.

hollysmom

(5,946 posts)
79. ?
Fri Apr 12, 2013, 02:58 AM
Apr 2013

I am not a person locked into the past, I would not object to changes if they helped the system. this does not.
I would love to get into a reasoned disagreement, I came here to talk to people with open minds - Actually, I find some pretty reasoned disagreements in PMs. Don't know why it can't be in posts as well.

madamesilverspurs

(15,801 posts)
14. I'm in your boat.
Fri Apr 12, 2013, 12:00 AM
Apr 2013

And it's astounding to see the flames when I state that I'm not panicking. Hell, I can barely afford to pay attention; panic is a luxury I'm happy to leave to others!

JDPriestly

(57,936 posts)
55. Actually, when it comes to economics, I seriously don't think Obama knows
Fri Apr 12, 2013, 01:56 AM
Apr 2013

anything at all. When it comes to foreign policy, I think Obama knows a lot. Obama relies on advice from people suggested by the Clintons when it comes to economic questions. That's his mistake. That's my opinion.

 

Hoyt

(54,770 posts)
65. I think he understands being poor better than any Prez, and what it takes
Fri Apr 12, 2013, 02:21 AM
Apr 2013

to make things best for everyone during his Presidency. Chained-CPI is not Obama's Iraq.

JDPriestly

(57,936 posts)
78. Actually, Abraham Lincoln understood what it was to be poor better
Fri Apr 12, 2013, 02:54 AM
Apr 2013

than any other president we've had.

Chained CPI is absolutely an abomination. Obama's Iraq? I don't know.

Samantha

(9,314 posts)
23. I thought it was incredibly interesting
Fri Apr 12, 2013, 12:18 AM
Apr 2013

and I look forward to the next installments. It is important to note that each of these Presidents had a different set of circumstances. Take a look at Nixon's:

http://finance.fortune.cnn.com/2011/07/13/obama-nixon-debt-ceiling-social-security/

"But the protests miss a key piece of Social Security's history: the cost-of-living formula that enshrined automatic benefit hikes pegged to inflation is a relatively recent addition to the program. It was signed into law by Richard Nixon in 1972, having caught a ride to his desk in a bill that -- wait for it -- raised the debt limit."

About Reagan, one thing Lawrence forgot to mention before the agreement with Tip O'Neill, and others:

http://www.ontheissues.org/celeb/Ronald_Reagan_Social_Security.htm

"Suggested in 1975 to make social security voluntary

In 1975, Reagan suggested ways to make social security voluntary. The demography of Florida made that as dangerous a position as Reagan could adopt on domestic matters. [Based on that issue], Ford beat Reagan [in the Florida primary in 1976] with 53% of the general vote, but with a crushing 60% of voters over sixty-five."

This article also suggests Reagan had really wanted to privatize Social Security but never got the chance.

Carter had 17 percent unemployment and stagflation, and he acted to preserve the program. He was regarded as having a lot of integrity and most people did not question his motivations (except Republicans, of course).

Clinton did want to make changes in Social Security, but due to a series of explosive problems coupled with some unexpected huge surpluses to surface, ended his term with "Save Social Security First." That is one of the reasons he is referred to as The Natural.

I do not believe any of these three addressed changing Social Security in the context of a Grand Bargain, and that practice is definitely part of the objection to the current reform. Changes to the program should be done independently of budget items since Social Security is self-financed.

President Obama ... stay tuned.

Sam

jaysunb

(11,856 posts)
30. Thanks Sam
Fri Apr 12, 2013, 12:39 AM
Apr 2013

Your post is reasonable and balanced...this is what I'd hope others may cool off and take a look at.
The sky is NOT falling,

 

rhett o rick

(55,981 posts)
25. Strange OP. You say we should view this segment. What segment?
Fri Apr 12, 2013, 12:20 AM
Apr 2013

What economists support cutting SS benefits?

Progressive dog

(6,904 posts)
27. The President claimed he would not do this
Fri Apr 12, 2013, 12:23 AM
Apr 2013

That is a fact and there is video. O'Donnell cannot rewrite that.

 

Egalitarian Thug

(12,448 posts)
29. Are you better off than you would have been without those cuts?
Fri Apr 12, 2013, 12:35 AM
Apr 2013

Is the fact that they were made possible by the Democratic Party some stamp of necessity, or a grant of absolution?

Yours is the most obviously obtuse, unaware apology I've read on DU today. You claim to be poor, but $21 a month is no big deal.

 

Egalitarian Thug

(12,448 posts)
35. I have and it only reinforces what I wrote above. Obtuse and unaware, indeed.
Fri Apr 12, 2013, 12:55 AM
Apr 2013

You seem to believe that this atrocity must be excused because it's no big deal to you. You claim to be poor, yet have $1000 to spend in that donut hole and you write that $21 bucks is no big deal. Obtuse is the apparent lack of understanding that millions of other seniors have it so much worse than you do that many of them are dying, right now tonight, because the pittance they do get is already far from enough.

Unaware that which team is killing them is of exactly zero concern for those that are suffering, right now tonight.

And the whole apologetic/excusing this is very offensive in that it discounts those lives as meaningless to you because you're fine.

jaysunb

(11,856 posts)
38. You must not understand what I said about the "trade off."
Fri Apr 12, 2013, 01:00 AM
Apr 2013

I'd be willing to skip the tiny cola increases if I'd save nearly $800 while in the doughnut hole.
Why is that so hard to understand or do you really know what that particular part of the budget plan is?

 

Egalitarian Thug

(12,448 posts)
41. And in what world is that an option? You're the one that wrote a thank you to Larry
Fri Apr 12, 2013, 01:09 AM
Apr 2013

for "explaining" why stealing more money from the people that earned it is really no big deal. Why don't you answer any of the questions put to you? Why aren't you able to make a cogent argument supporting the content of your OP?

There is no option to trade the donut hole for the money that doesn't make any difference to you.

The point is that that money is vitally important to millions of other people that are not you.

 

HiPointDem

(20,729 posts)
60. He claims he got no cola the first three years he was on SS too, but SS has had a cola every
Fri Apr 12, 2013, 02:09 AM
Apr 2013

year but three since 1975, and they weren't three consecutive years. The only consecutive zero cola years were the two under Obama, the other was in the 80s.

Ergo, his memory is failing or he's over 100 years old.

Or...he just made it up.

salib

(2,116 posts)
32. Yep. The catfood argument
Fri Apr 12, 2013, 12:48 AM
Apr 2013

It isn't like you won't be able to eat anything.

This is not the end of SS. The sky is not falling.

You are just getting squeezed a little bit.

Look at the BIG PICTURE.

Just like that frog in the beaker? Right?

Give it up, jaysunb. This sucks. This Sucks. THIS SUCKS.

BTW, "supposed cuts" is BS, and EVERYONE KNOWS IT. At least tell it straight.

wiggs

(7,813 posts)
37. How many people would agree that it's easier and more fair for you to
Fri Apr 12, 2013, 12:59 AM
Apr 2013

absorb a 252 dollar loss the first year (going by your numbers), a $504 loss/difference the second year, a $756 difference the third, etc...than for someone else who has been blessed enough to prosper in our system to contribute to FICA at the same rate for his/her SECOND 100,000 of ADJUSTED income as he/she paid for the first? Or...is your loss more fair than taxing a minute amount on stock transactions of speculators who want to skim millions of dollars off investing/gambling on the hundreds of thousands of stock trades made in fractions of seconds?

Or....How about an increase in minimum wage, or not destroying unions, or helping the middle class through education? SS would be fine if middle class wages hadn't stagnated over the last 30 years...no one could have predicted that. Instead income gains and growth have been at the top...WHICH IS NOT TAXED FOR SS AFTER 106K. If all the new income growth is there, OF COURSE SS will eventually experience a shortfall.

You're agreeing that the minor adjustments needed to ensure full funding of SS in 50 years' time should come at the expense of the most vulnerable and needy?

Cutting your earned benefits (not 'entitlements') is the worst solution out of a stack of better solutions.

jaysunb

(11,856 posts)
40. Thank you for your response.
Fri Apr 12, 2013, 01:04 AM
Apr 2013

I agree with much of what you've said, but as a recipient that would be immediately impacted should this become law, I stand by my refusal to panic.

 

Spitfire of ATJ

(32,723 posts)
42. People I know on SS said COLAs are a joke already.
Fri Apr 12, 2013, 01:10 AM
Apr 2013

It's REQUIRED that you apply for some kind of poverty aid on SS just to be able to afford the occasional pair of shoes.

 

HiPointDem

(20,729 posts)
63. They are? I guess you get a 4% average bump in your salary every year?
Fri Apr 12, 2013, 02:12 AM
Apr 2013

Automatic Cost-Of-Living Adjustments

July 1975 -- 8.0%
July 1976 -- 6.4%
July 1977 -- 5.9%
July 1978 -- 6.5%
July 1979 -- 9.9%
July 1980 -- 14.3%
July 1981 -- 11.2%
July 1982 -- 7.4%
July 1983 -- 0%
January 1984 -- 3.5%
January 1985 -- 3.5%
January 1986 -- 3.1%
January 1987 -- 1.3%
January 1988 -- 4.2%
January 1989 -- 4.0%
January 1990 -- 4.7%
January 1991 -- 5.4%
January 1992 -- 3.7%
January 1993 -- 3.0%
January 1994 -- 2.6%
January 1995 -- 2.8%
January 1996 -- 2.6%
January 1997 -- 2.9%
January 1998 -- 2.1%
January 1999 -- 1.3%
January 2000 -- 2.5%(1)
January 2001 -- 3.5%
January 2002 -- 2.6%
January 2003 -- 1.4%
January 2004 -- 2.1%
January 2005 -- 2.7%
January 2006 -- 4.1%
January 2007 -- 3.3%
January 2008 -- 2.3%
January 2009 -- 5.8%
January 2010 -- 0.0%
January 2011 -- 0.0%
January 2012 -- 3.6%

http://www.ssa.gov/cola/automatic-cola.htm

 

HiPointDem

(20,729 posts)
68. Three years out of 39 had no cola, and two of them were during the Obama administration, the same
Fri Apr 12, 2013, 02:30 AM
Apr 2013

administration that's currently trying to sell shit as shinola.

I haven't done the calculations but it looks like it averages at least 3%.

Correction: average is 3.997% or basically 4%.

Over the last 10 years, even counting those two 'zero' years, the average yearly bump has been 2.56%.

 

Spitfire of ATJ

(32,723 posts)
101. They don't count things like bread and eggs. They count EVERYTHING....
Sat Apr 13, 2013, 01:04 AM
Apr 2013

So if commercial property drops in value it means overall prices have dropped.

Mnpaul

(3,655 posts)
102. In 1983
Sat Apr 13, 2013, 01:11 AM
Apr 2013

They changed it to use rent prices instead of housing prices. If it was still tied to housing prices we would have had 100% inflation during the Bush years and the seniors would have been doing a happy dance.

Mnpaul

(3,655 posts)
106. No it was Reagan's way of fixing everything
Sat Apr 13, 2013, 01:28 AM
Apr 2013

Fix the inflation problem by changing the way it was calculated
Fix the unemployment problem by changing the way unemployment was calculate
all other problems, ignore completely and pretend they don't exist

delrem

(9,688 posts)
48. Totally! I can't wait for next year's grand bargain!
Fri Apr 12, 2013, 01:25 AM
Apr 2013

and next year's "crises" requiring "bipartisanship".

Like you and Laurence, I LIKE IT!!

 

mick063

(2,424 posts)
49. The big picture my ass
Fri Apr 12, 2013, 01:32 AM
Apr 2013

.01 percent of the people own 40% of the money.

Don't even attempt to give me any other "picture."

Don't even attempt to sell me the "it isn't a big deal" meme.

How do you eat an elephant? One bite at a time.

Sounds like a few bites have been taken.

Small incremental changes over time until one day we wake up and collectively ask, "What happened?". FDR is rolling over in his grave.

Not only should CPI be stopped in it's tracks, but the past "Democratic" changes should be reversed as well. Lower the age, increase the benefit, and guarantee it maintains pace with inflation through COLAs. Segregate the fund from the general fund as it was originally intended. Raise the cap. Now, more than ever, SS needs strengthened, not weakened. Any other talk is an argument for a little austerity. A failed argument.

How do we pay for it? Annex the Cayman Islands. So what if the owners of MSNBC have to take a haircut because of it?

tokenlib

(4,186 posts)
75. Annex the Cayman Islands?? Declare the stashing illegal and seize the funds..
Fri Apr 12, 2013, 02:41 AM
Apr 2013

I like the idea...

I also agree with your comments..

Fearless

(18,421 posts)
50. I wonder who will go without medications or food because of this
Fri Apr 12, 2013, 01:33 AM
Apr 2013

If it passes.

Not "just" $21 to them.

 

HiPointDem

(20,729 posts)
56. Let me refresh your memory. Since 1975 there have been COLAs every year but three. And they
Fri Apr 12, 2013, 01:59 AM
Apr 2013

weren't all in a row. So unless you started drawing SS before 1975, your memory is failing you.

And if you started drawing SS before 1975, let me congratulate you on your longevity, because I figure you must be about 100 at the youngest.


Automatic Cost-Of-Living Adjustments

July 1975 -- 8.0%
July 1976 -- 6.4%
July 1977 -- 5.9%
July 1978 -- 6.5%
July 1979 -- 9.9%
July 1980 -- 14.3%
July 1981 -- 11.2%
July 1982 -- 7.4%
July 1983 -- 0%
January 1984 -- 3.5%
January 1985 -- 3.5%
January 1986 -- 3.1%
January 1987 -- 1.3%
January 1988 -- 4.2%
January 1989 -- 4.0%
January 1990 -- 4.7%
January 1991 -- 5.4%
January 1992 -- 3.7%
January 1993 -- 3.0%
January 1994 -- 2.6%
January 1995 -- 2.8%
January 1996 -- 2.6%
January 1997 -- 2.9%
January 1998 -- 2.1%
January 1999 -- 1.3%
January 2000 -- 2.5%(1)
January 2001 -- 3.5%
January 2002 -- 2.6%
January 2003 -- 1.4%
January 2004 -- 2.1%
January 2005 -- 2.7%
January 2006 -- 4.1%
January 2007 -- 3.3%
January 2008 -- 2.3%
January 2009 -- 5.8%
January 2010 -- 0.0%
January 2011 -- 0.0%

January 2012 -- 3.6%

http://www.ssa.gov/cola/automatic-cola.htm

 

mick063

(2,424 posts)
71. Oh nice!
Fri Apr 12, 2013, 02:35 AM
Apr 2013

Gas has gone up over 200%. Prescription drugs have gone up exponentially. Grandparents are raising grandkids because their children's jobs have gone over seas. Grown children moving back home as student debt has taken their lives.

Nevertheless, we should just be thankful that the overlords have allowed payments from the sacred trust fund (now part of the general fund) to increase about 3% a year. Meanwhile, the recent "recovery" has been largely realized by only the wealthiest people. They have reaped 120% of this so called "recovery".

.01% of the folks are getting 120% of the recovery while Grandpa takes a little less.

You can't explain this away for me. You can't make it sound reasonable to me. You just can't.

 

HiPointDem

(20,729 posts)
72. I'm not trying to explain it to you, I'm trying to explain it to the guy who claims he got zero cola
Fri Apr 12, 2013, 02:36 AM
Apr 2013

3 years in a row and colas don't matter anyway.

jaysunb

(11,856 posts)
86. I started SS in 2009
Fri Apr 12, 2013, 01:38 PM
Apr 2013

This year was the first time to get a cola.

Implying that I'm either lying of forgetful is unnecessary.

 

HiPointDem

(20,729 posts)
88. that was two years, not three. so which is it?
Fri Apr 12, 2013, 02:53 PM
Apr 2013


January 2008 -- 2.3%
January 2009 -- 5.8%
January 2010 -- 0.0%
January 2011 -- 0.0%
January 2012 -- 3.6%
January 2013 -- 1.7%

http://www.ssa.gov/cola/automatic-cola.htm

jaysunb

(11,856 posts)
89. One last fucking time !
Fri Apr 12, 2013, 03:02 PM
Apr 2013

I started in 09...got nothing but the standard amount, Got nothing in 10, or 11. got 21 bucks in 2012 And fyi I could give a fuck less if they chain it or bomb it. It won't make a difference in mine or most others lives. Things change. Life changes. Try to live long enough to realize that.

Raine1967

(11,589 posts)
97. Actually, if was his first year on SS, then NO -- they didn't get a COLA increase.
Fri Apr 12, 2013, 04:59 PM
Apr 2013

they got Social security. If the person had started receiving SS in 2008, then one could say they got a COLA increase in 2009.

If this person had been on SSI in 2008 then yes, they got it.

AS an example: I can't claim I got a raise the year I start a job. I can say I got one (or not) AFTER a year.

 

HiPointDem

(20,729 posts)
99. He got the cola increase. What he got included the jan 2009 cola increase. To say he didn't get
Sat Apr 13, 2013, 12:08 AM
Apr 2013

a cola increase, he just got 'social security,' is abuse of the language.

There was a 5.8% cola in 2009. His payment included that cola. He got the cola.

Raine1967

(11,589 posts)
98. I understand perfectly what you are saying.
Fri Apr 12, 2013, 05:03 PM
Apr 2013

I tried to explain at post #97.

It made perfect sense to me.

 

AnotherMcIntosh

(11,064 posts)
61. You say "supposed cuts." You're not very convincing. The cuts were offered purportedly to get
Fri Apr 12, 2013, 02:11 AM
Apr 2013

Republicans to go along with an increase in taxes (however small) on the rich and the super-rich.

Didn't you know that?

 

The Second Stone

(2,900 posts)
64. How about no. Just no.
Fri Apr 12, 2013, 02:13 AM
Apr 2013

No cuts to social security which is inadequate as it is. None at all. How about the promise breaker in the White House takes his lying ass and resigns. Biden would made a terrific president.

I'm tired of this promise breaking liar who will not protect this country against the bank fraudsters. I voted for him twice because he was the lesser of two evils. Biden would be better.

hollysmom

(5,946 posts)
67. they are not supposed cuts - they are real cuts.
Fri Apr 12, 2013, 02:28 AM
Apr 2013

please don't use weasel words in describing the issue, Even Obama acknowledges they are cuts in his own words. So lets be real here.
I have a senior friend who counts the pennies, so a single buck can make a difference in someone's life.

Heathen57

(573 posts)
70. The past two years
Fri Apr 12, 2013, 02:31 AM
Apr 2013

since my wife got her disability (after a 10 year fight) the COLA increase just covered the increase in our rent on the storage and the increase in our lot rent.

As close as we live, we were lucky it came through.

Cleita

(75,480 posts)
87. Thank you and because of those previous cuts and adjustments seniors are
Fri Apr 12, 2013, 02:50 PM
Apr 2013

poorer for it. We know the real reason for the chained CPI is to destroy Social Security altogether, the primary goal of the business class since the beginning. It's a privatization scheme all along. LO isn't very far to the left. I seldom watch him anymore. I did enjoy the segments he wrote for "The West Wing" and his insider's knowledge of Washington.

snappyturtle

(14,656 posts)
104. You're so right...priviatization is the goal. Let the SS recipients suffer now
Sat Apr 13, 2013, 01:23 AM
Apr 2013

and the young will become more agreeable to privitizing in the future.

 

WhaTHellsgoingonhere

(5,252 posts)
96. Interesting... LO'D vs. Maddow, Hayes, Reich, Krugman, and Sanders
Fri Apr 12, 2013, 04:52 PM
Apr 2013

Did LO'D say anything about the fact that Obama's Grand Stunt (remember, it's brilliant because it's a stunt!) negatively impacts veterans benefits?

 

HiPointDem

(20,729 posts)
105. it was bullshit. "Frances Perkins said SS would change so of course she would support chained
Sat Apr 13, 2013, 01:23 AM
Apr 2013

CPI".

Horseshit.

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