Born after 1950? Forget about SS

[raysr]

This will affect most of the "baby boomers" PLEASE....Call or write your reps today.

Social Security Guarantee Act of 2005 (Introduced in Senate)
S 1750 IS
109th CONGRESS
1st Session
S. 1750
To provide for the issuance of certificates to Social Security beneficiaries who are born before 1950 guaranteeing their right to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.
IN THE SENATE OF THE UNITED STATES
September 22, 2005
Mr. SANTORUM (for himself and Mr. DEMINT) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To provide for the issuance of certificates to Social Security beneficiaries who are born before 1950 guaranteeing their right to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Social Security Guarantee Act of 2005'.
SEC. 2. GUARANTEE OF FULL SOCIAL SECURITY BENEFITS WITH ACCURATE ANNUAL COST-OF-LIVING ADJUSTMENT.
(a) In General- Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall issue a benefit guarantee certificate to each individual born before 1950 who is determined by the Commissioner of Social Security as of the date of the issuance of the certificate to be entitled to benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.). The Secretary shall also issue such a certificate to any such individual on the date such individual is determined thereafter to be entitled to benefits under such title.
(b) Benefit Guarantee Certificate- The benefit guarantee certificate issued pursuant to subsection (a) shall represent a legally enforceable guarantee--
(1) of the timely payment of the full amount of future benefit payments to which the individual is entitled under title II of the Social Security Act (as determined under such title as in effect on the date of the issuance of the certificate); and
(2) that the benefits will be adjusted thereafter not less frequently than annually to the extent prescribed in provisions of such title (as in effect on the date of the issuance of the certificate) providing for accurate adjustments based on indices reflecting changes in consumer prices as determined by the Bureau of Labor Statistics or changes in wages as determined by the Commissioner of Social Security.
(c) Obligation to Provide Payments as Guaranteed- Any certificate issued under the authority of this section constitutes budget authority in advance of appropriations Acts and represents the obligation of the Federal Government to provide for the payment to the individual to whom the certificate is issued benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.) in amounts in accordance with the guarantee set forth in the certificate.

Santorum's Bill

[Cleita]

1. Those of us who were born before 1950 are doing our best

to fight this.

[SteppingRazor]

2. As a fellow sitting on the late-20s border between Gens X and Y...

I've sort of always assumed I'd never get Social Security. I'm kinda pissed I have to pay it.

I mean, I want to help today's retired people who planned on it and depend on it, but I'm almost certainly paying something for nothing.

When the big social security debate was on, our standard line was that Social Security wasn't having any problems, that it was solvent until 2048. Well guess what? If it's not solvent in 2048, that's still a big problem for me!

Ahem... always assuming I live into my 70s, of course.

[raysr]

4. If the R's hadn't pissed

it away you would've gotten it. You still may. This will sink * to the bottom. Lock Box, Lock Box, Lock Box for SURE!

[SoCalDem]

6. SS is and always WAS an "inter-generational" promise

Repulsivans love to divide and pit people against each other.. This is just their latest effort..

They favor the "throw-away" plan.. The Boomers (probably your parents/grandparents) have PRE-paid their own SS for DECADES..St Ronnie saw to that.. Just as WE were getting started, they slapped that one on us, so that we would not be a BURDEN.

WE are the ones who entered the workforce expecting that the pensions that were a reason for "lower wages NOW, for a safe retirement LATER", would actually be there...only to see them taken away by most corporations who gobbled up almost all the companies we worked for.

WE saw our savings negated by the higher taxes, made necessary by Reagan's war machine and the Savings and Loan debacle (Bush "help" on that one)...

OUR extra FICA money made sure that the WWII generation had DECENT benefits (even though most of them had been union workers and had the full force of the US behind them in realestate ventures and eductaion)...

WE are most affected by downsizing and outsourcing because we are not likely to get a job as good as the one lost, because of our ages.

We took care of your grandparents AND you, and for some, YOUR kids..Most of us do it willingly, too:)

The generation before us, had healthcare they could afford..that's something WE'll never see..

Don;t worry though, lots of us will probably not live much past 65, the way things are going these days. If the lack of affordable healthcare doesn;t get us, the stress of worrying about it all , will :)

[shanti]

13. you're young

how do you think it feels to be someone born shortly after 1950?? and why the arbitrary year 1950?

[ThoughtCriminal]

3. That one should go nowhere

And Santorum's career in the Senate is also just about up I hope.

[Flirtus]

5. I can't afford to retire anyway

but this is idiocy. Guaranteeing something that is already guaranteed. Insight please! from someone who understands anything further in this beyond political grandstanding.

I had to go look at his bio, I am one year older than frothyguy, I guess he doesn't need the security of social security.

[Mairead]

12. Naw, it's no idiocy, it's an attack on us.

It would change the basis for annual adjustment to the cost of LABOR, not the cost of LIVING. So if as is usually the case, and certainly the case now, wages stagnate while prices rise, then anyone on ss retirement ends up getting screwed to the wall.

It's a real indictment of the RC church that his bishop hasn't excommunicated him a hundred times over already, the clortie bawheid.

[NoAmericanTaliban]

7. Trying to keep Senior votes while screwing everyone else

This is part of * SS plan. Don't change anything for folks pre-born 1950 so that the AARP doesn't go after the plan too hard. & then screw everyone else by cutting the payments by half to two-thirds thereby forcing them to invest part of their SS in Wall Street. This will then cause those who hold stocks to benefit from inflated stock prices.

[catabryna]

8. Four years ago...

as a 36 year old, I'd never dream that I would get something out of Social Security. Now that I'm a 40 year old widow with a little boy, well, it's a different story.

Lesson? Never say never.

[Mairead]

9. That's an attack on us all -- it would change the basis for COLAs to

changes in WAGES, not PRICES as is the case now. The annual adjustment would cease being a Cost Of Living Adjustment and become a Cost Of Labor Adjustment.

So if prices go up while wages stagnate (which is what's happening now), people trying to survive on ss retirement pensions get completely screwed.

Santorum is a complete minging bawheid.

[MindPilot]

10. But, but, but it's CALLED the "Social Security Guarantee Act of 2005"

how could it be bad? :sarcasm:

[B Calm]

11. I was born in 1951, wife 1952

I HATE REPUBLICANS