Social Security: Changes -or- no Changes?

[intrepid_wanderer]

I wanna hear it... What does everyone think?

:bounce:

[nothingshocksmeanymore]

1. Change

No caps at 85K earnings and it will be solvent into the next century

[BlueJazz]

2. Yep...simple, fair and gets the job done.

[intrepid_wanderer]

3. might not be fair...

... but they can likely afford it...


hrm... I dislike how much I question my own thoughts sometimes!

ugh

[nothingshocksmeanymore]

4. What isn't fair about it?

Were it not for the tax cuts for the upper 1% of income earners there would be no red ink and no crisis.

[intrepid_wanderer]

5. hrm...

Sorta true...

... but I wish that it were solvent and fair in all respects.... everyone paying the same percentage of their income. but, I'm no numbers guy. that is just what seems right.

Wouldn't it be nice if a strong majority of Americans believed that the systems of our government were fair... even better HONEST!?

:bounce:

[nothingshocksmeanymore]

6. But they aren't...if one makes 200,000 and gets capped at 85K

then they are paying a MUCH smaller percentage of their income than someone who makes 50K and doesn't max out.

Social security is probably THE most effective gov't program ever...BTW...Roosevelt wanted to invest SOME of it in the market and the Repubs screamed SOCIALISM which is WHY it ended up being insured in the form of gov't bonds

[intrepid_wanderer]

7. How about...

- doing the private accounts (seems good, right?) with a 5 year fade up to 50% of witholdings

and

- removing the cap entirely from the income witholdings

???

[nothingshocksmeanymore]

8. People have the option of private accounts now

They are called 401K's

I am not for George Bush ENRONIZING my earnings over time so that when I retire they can be WALMARTIZED and I can eat dog food thanks to the fact that he PIRATIZED Social Security.

[intrepid_wanderer]

9. no 401k for me!

my company doesn't offer one :-(

[nothingshocksmeanymore]

13. You can do an IRA and have the money automatically taken

from your checking account now

[Wcross]

14. You should look into getting an IRA account.

You won't get the matching funds but it would be something for your future.

[intrepid_wanderer]

16. done.. not up to max though! n/t

[Wcross]

19. Something is better than nothing! N/t

[miss_kitty]

11. Social security accounts ARE private accounts

the cheney bush junta is just trying to dazzle everyone with their bullshit again. They call this new method "Private Accounts" to make the 'think for me' crowd assume their SS acct isn't already private, and that lack of 'privacy' endangers their shit.

I hate these people. And I'm with you NSMA.

[intrepid_wanderer]

12. My social security annual statement said

that congress can alter the benefits I'll receive at any time.... doesn't sound very PRIVATE to me.


sounds like the gov has control & by the time Im' there there 'might' be funds available.

[nothingshocksmeanymore]

15. And you envision Bush's plan wherein WALL STREET gets their mits

on your SS being better how?

[intrepid_wanderer]

17. that's where my IRA is now... Bad Idea???

[nothingshocksmeanymore]

18. In your IRA you can determine where the funds go

Read Bush's program...you don't get that control

[Beaverhausen]

10. Exactly what we need to do.

Too easy for BushCo apparantly.