New SS (2% increase) tax in effect

Social security is actually one of the most honest entitlements. The problem the government has used the reserves to mask the true budget overspending. The elimination of 2% actually is being responsible about adequately funding it despite the budget trickery regarding the revenue.

I am still waiting to see any comprehensive proposal from either side that has a balanced approach. I am inclined to see each side propose a budget that meets a cost goal and then have a national referendum on which should be approved then have congressional elections after the vote.
 
I see a simple solution. Stop giving hand outs and paying people to sit at home and watch Honey Boo Boo all day. More people will be forced to work, find jobs - taxes will decrease - more will be paying into the system.
 
SS is not an entitlement. I paid in 40+ years before I started drawing.
 
swanicyouth said:
I see a simple solution. Stop giving hand outs and paying people to sit at home and watch Honey Boo Boo all day. More people will be forced to work, find jobs - taxes will decrease - more will be paying into the system.
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Military is always an option.... Construction... Road work top three that require the least amount of know how discriminate the least only catch all it requires that old fashion stuff.... Physical WORK.... There always hiring I don't see what the problem is... A lot of Americans have lost there self pride.and apparently lost the ability to read a bible as well. I can't remember how it's worded but definitely in there saying a man needs to be a man and support his family... Letting the gov cut you a check isn't providing ( the last half of this isn't pertaining to social security... Welfare)
 
flyinion said:
I guess technically it's not really an increase. A temporary cut just expired and the SS tax went back to its "proper" level. I was hoping it would get extended again, but it doesn't look like it :(
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you are correct ... many other things to worry about, this is not one of them. We got a nice break and now its time to go back to levels seen 2 years prior. At least there wasnt an increase in addition to moving back to the original level.
 
ezriderga said:
SS is not an entitlement. I paid in 40+ years before I started drawing.
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:iagree:

For those who have paid into it, it is not an entitlement. Like you, I have paid into it for 40+ years; but I haven't started to draw on it yet. I'm sure, like you, whenever those ######## in Washington DC refer to it that way, we want someone to correct them, but they don't care, because they get all of the press and the press is with them.

swanicyouth said:
I see a simple solution. Stop giving hand outs and paying people to sit at home and watch Honey Boo Boo all day. More people will be forced to work, find jobs - taxes will decrease - more will be paying into the system.
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:iagree:

As I understand it,............

There are millions of people drawing money out of the SS fund who have never and will never pay a cent into it, that is a huge part of the problem.

If memory serves, SS was raided and replaced with an IOU during the Johnson Administration to build the Great Society. A major portion of the funds paid into it has been used ever since to pay for a large chunk of other social programs for people who will remain on those other programs forever because there is no incentive to get off of these programs.

The other major part of the problem, the remaining money, not drawn by retirees or widows of retirees, is used in the General Fund to finance the rest of the pork and the poop.

As I understand it, federal employees, including US Senators and Congressmen have their own retirement system and paid medical program. They do not paid into nor do they have any stake in SS or Medicare. Thus, they can use it, do to it, and rob it any way they want. They are also exempt from ObamaCare.

53/47 is a massive problem. It may already be insurmountable.

There are very few honest people in DC. Hasn't been for some time.

Please feel free to correct me if I have something wrong.
 
cardaddy said:
See, that's my problem. The old fable, "robbing from Peter to pay Paul" is EXACTLY what our government does! Leave the SS fund for SS and let it do what it was built to do. They have so many pet pork barrel projects that are just sneaked in or OPENLY put in just because they want this guy or that guy to sign off on a bill.

We have a ferrell horse problem in the west. Openly, there is a ban on rounding them up and taking to slaughter houses. The only way to help control the situation is sell them at auction. The government spends from $1000 and up PER HORSE to round them up and bring them to auction. There is one individual, their best buyer, that'll buy them by the hundreds, at $100 a head. The 'understanding' is that he will not take them to slaughter. In fact, there are no US based slaughter houses anymore. However, just over the Texas border is in Mexico is one of the largest anywhere. This buyer is known to sell to them, but somehow the paper trail goes missing between Colorado/Wyoming and Texas and his trucks all come back empty. Hmmmmmm...... wonder how that happened?

Thing is, I don't care what he does with the horses. But why in the name of he!! do we spend over $1000 to sell these things to a guy that is getting rich on them, AND should be paying his own guys to round them up?

Another one; Storage containers, shipping containers that carry goods around the world. We are RENTING them in Iraq, Afghanistan, etc for $5000 ~ $7000 Ea, PER MONTH by the THOUSANDS! You can buy them for $2000 ~ $3000 TOPS! When you're done with them, sell then darned things. So instead of buying say 30,000 of them @ 3K each for a $90,000,000 total package, we RENT them monthly for around $200,000,000 A FREAKING MONTH, for years on end. Unbelievable.......:mad::mad::mad:

Wonder why we are going in the hole?
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Actually those are already bought, but they are telling tax payers they are renting them, so they can "write off" their expenses. Politicians steal tax payers money and spend them on their own personal needs...Money is being transfered from one account to "Another"...I can give a few examples...
 
There is a unique way to start controlling the cost of SS payments and its not simply extended the time period until one can collect. Heck, I worked since 16 and paid taxes and wont likely collect till I am 70. I was never given an opportunity to choose another path for retirement and forced in SS payments.

Its time to revamp the credit hours and how much one pays into the system during those credit hours. If each person needed to work longer and needed to make a minimum amount in order to get credit for each unit of work, we could control all those that work the bare minimum and start collecting. This would start building a bit more and is not the end all, but part of a bigger design to reducing some of the misuses also.
 
On a related note, how is the military retirement check program (essentially a pension I believe) funded? Is it just appropriated as part of the annual Defense Dept budget, or is it funded as paycheck contributions while you are active duty? Is this a model plan that the SS system could learn from? Many military retirees begin getting these checks as early as age 37, and I haven't heard that this system is teetering on the edge of solvency so it must be a pretty solid program.
 
For the people who claim SS is not an entitlement understand that for every dollar you paid into it you will get back 5. Therein lies the problem.

Solutions will be to raise retirement age for all those 55 and younger to 75. And to means test others. No one will like that....oh well when we live longer expect such changes.
 
weekendwarrior said:
For the people who claim SS is not an entitlement understand that for every dollar you paid into it you will get back 5.
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If I recall for those that had retired a few years this is true but those that have not will end up not getting it all back had the equivalent money been invested in the stock market.
 
supercharged said:
Actually those are already bought, but they are telling tax payers they are renting them, so they can "write off" their expenses. Politicians steal tax payers money and spend them on their own personal needs...Money is being transfered from one account to "Another"...I can give a few examples...
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I wasn't aware that they 'all' were bought. What with this contract, that contract, pork here pork there IOW's here a pig there a pig. :D

I would say by all means give us the examples. ;) OTOH it'd just pi$$ me off more! :laughing:
 
cardaddy said:
I wasn't aware that they 'all' were bought. What with this contract, that contract, pork here pork there IOW's here a pig there a pig. :D

I would say by all means give us the examples. ;) OTOH it'd just pi$$ me off more! :laughing:
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There are numerous cases where they use state credit card for personal needs...but this thread will then turn into argument...
 
psnt1ol said:
Has anyone seen their paycheck lately. I have direct deposit so I normally don't look at it. WTF!!!! that 2% increase + the health care tax/insurance is pretty significant if you project it for the entire year. On top of this, I still am paying health care premium through my employer each pay period.
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Look at it this way;

You're helping those less fortunate in the US illegally and without health insurance.... Don't you feel better now knowing you're helping support someone else?

psnt1ol said:
I feel like I am getting screw by the government.
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Did you just come to this revelation?
 
BobbyG said:
Look at it this way;

You're helping those less fortunate in the US illegally and without health insurance.... Don't you feel better now knowing you're helping support someone else?



Did you just come to this revelation?
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I feel better having cash in my pocket so that I won't be part of the "Less Fortunate". LOL!!!!!
 
I dont really have much to add to this thread.....except im 26 and sometimes really fear the future for this country and what will happen.
 
BobbyG said:
I don't blame you one bit! :props:

The Government is "almost" like Robin Hood; Take from the rich and give to the poor......except I'm not rich!
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You must be rich...you have a Corvette!

Just kidding.
 
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