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Cutting Social Security and Medicare
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Social Security
Cutting Social Security and Medicare
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There is a panel of 12 that is deciding our faith. Before they are allowed to do anything to Social Security or Medicare, the need to repmove the provate retirement plan that Senators and Congressmen
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:5724c1ef-f2ed-4449-b449-dd0893cb3f3b
Forums » Work & Retirement » Social Security » Cutting Social Security and Medicare
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Cutting Social Security and Medicare
posted at October 28, 2011 8:29 AM EDT
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Posts: 3
First: October 28, 2011 Last: December 20, 2011 |
There is a panel of 12 that is deciding our faith. Before they are allowed to do anything to Social Security or Medicare, the need to repmove the provate retirement plan that Senators and Congressmen have and put them on the same social security we are on. The same with Medicare, they get free health care and we the taxpayer pays for both of these programs. Also no mere long terms for these people, they should be just like the President, 8 years in office and then you have to get out for at least one term. While you work you get paid, when you leave, go home and find a job, but we should not have to support you after you leave office. Also, no more giving themselves raises.it should be the cost of living only. one congressman from florida says that his pay Of $167,000 a year is not enough for what he has to do. I suggest he resign and go home and let someone else do the job. Serving in the Congress or Senate is an honor, not a career.It is time we the people take our country back and get rid of these dead heads that are causing us so many problems. Thank you Jean Lomont |
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Re: Cutting Social Security and Medicare
posted at December 15, 2011 10:37 AM EST
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Posts: 938
First: December 1, 2011 Last: May 7, 2013 |
I do agree with everything you said! The GOP candidate I support, Ron Paul, declares that as president he would earn the average American pay-now 39.5K this is the way to be more connected to Americans! |
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Re: Cutting Social Security and Medicare
posted at December 15, 2011 10:54 AM EST
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Posts: 8188
First: March 4, 2009 Last: May 19, 2013 |
If any Congress has the real, real bad sense of cutting Social Security and Medicare benefits, I will prophesize that none of them will ever again be elected to Congress or even neighborhood bottle washers. |
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Re: Cutting Social Security and Medicare
posted at December 17, 2011 10:47 AM EST
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Posts: 12532
First: February 29, 2008 Last: May 17, 2013 |
In Response to Re: Cutting Social Security and Medicare: btw RON Paul will NOT cut Social Security or Medicare Andd he always keeps his promises! Posted by Astra2012 If you aren't 26 and under and don't CARE about the future recipients then Ron Paul has a GREAT IDEA. For those 26 yrs and under--- will be able to go back to the 1920's and save for their own retirment----YOU KNOW " PRIVITIZE". For them---it will be just like it was before they introduced social security and why it was necessary to have it to begin with. I hope these folks under 26 won't have a catatrophic illness, or property losses or job losses. If you weren't wealthy, or didn't have an extended family with means BACK THEN before SS and MEDICARE, there was no place that you or your family could turn to if you were in economic distress, except charity . Most Americans faced a future full of economic hardship and uncertainty, and a "poverty-ridden old age," to use FDR's apt description. Today, thanks to FDR's commitment to the principle of the General Welfare, one in six Americans—including benefits for the blind. In addition, the Social Security Administration dispenses to the state, monies to cover unemployment benefits, while also administering funding for the Medicare and Medicaid programs. |
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Re: Cutting Social Security and Medicare
posted at December 17, 2011 2:30 PM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In addition, the Social Security Administration dispenses to the state, monies to cover unemployment benefits, while also administering funding for the Medicare and Medicaid programs. SSA does NOT distribute Unemployment benefits - every employer pays into their own states UE fund - when there is a shorfall due to massive unemployment & extended benefits, as is the case now, the state legislators get to vote if they want the extended benefits and if so, the Feds send the money - Labor Dept. AND each state has to continually build back up their UE funds, so employers get an increase in the amount they pay for each of their employees into the UE insurance fund. SSA - under CMS (Center for Medicare & Medicaid Services) does distribute these funds. Medicare comes from the Medicare funds and MEDICAID comes from the general fund. |
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Re: Cutting Social Security and Medicare
posted at January 27, 2012 12:38 PM EST
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Posts: 1
First: January 27, 2012 Last: January 27, 2012 |
It galls me everytime I see Social Security being lumped together with entitlement programs. IT IS NOT!!! Social Security is supplementary retirement insurance and is a government program that does exactly what it was intended to do since it was implemented by FDR. The only changes needed to the program are to have all funds that have been borrowed (stolen) by congress since 1963 during the LBJ administration returned to the fund along with the interest that would have been earned had the money remained in the fund where it belonged. In addition, pass a law prohibiting congress from ever again using Social Security funds as a cash cow for pork projects. That money belongs to the working Americans that have paid into it all of their working lives. They tell us that the fund will be bankrupt in 2036. The fact is, if it indeed allowed to go bankrupt, revenue from then current payroll deductions would be enough to fund 75% of projected liability. If all the money that is missing were returned, do you think there would be a solvency issue? I don't. |
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Re: Cutting Social Security and Medicare
posted at January 27, 2012 7:20 PM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: Cutting Social Security and Medicare: It galls me everytime I see Social Security being lumped together with entitlement programs. IT IS NOT!!! Social Security is supplementary retirement insurance and is a government program that does exactly what it was intended to do since it was implemented by FDR. The only changes needed to the program are to have all funds that have been borrowed (stolen) by congress since 1963 during the LBJ administration returned to the fund along with the interest that would have been earned had the money remained in the fund where it belonged. In addition, pass a law prohibiting congress from ever again using Social Security funds as a cash cow for pork projects. That money belongs to the working Americans that have paid into it all of their working lives. They tell us that the fund will be bankrupt in 2036. The fact is, if it indeed allowed to go bankrupt, revenue from then current payroll deductions would be enough to fund 75% of projected liability. If all the money that is missing were returned, do you think there would be a solvency issue? I don't. Posted by wlfink They are counting the 2.6 Trillion that is now in U.S. Treasuries (that is the Trust Fund). Current figures say that it will run out of 100% beneficiary funding in 2036; after that beneficiaries would get 75%. We have been here before - in the 1980's Reagan had to overhaul the SS system to pump up the funds - it worked but at that time it was only a 25 +/ - ear fix anow it has to be tweeked again. Problem is this time we have millions of baby boomers coming onboard during a very down economy - so the problem has been accentuated by these conditions. Social Security and Medicare are THE ENTITLEMENT Programs - they are called this because you paid into the systems and are "entitled to them". Medicaid & SSI are paid out of the "general fund" not out of SS or Medicare - they are considered Charitable funding. |
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Re: Cutting Social Security and Medicare
posted at January 27, 2012 10:05 PM EST
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Posts: 1
First: January 27, 2012 Last: January 27, 2012 |
In Response to Re: Cutting Social Security and Medicare: In Response to Re: Cutting Social Security and Medicare : They are counting the 2.6 Trillion that is now in U.S. Treasuries (that is the Trust Fund). Current figures say that it will run out of 100% beneficiary funding in 2036; after that beneficiaries would get 75%. We have been here before - in the 1980's Reagan had to overhaul the SS system to pump up the funds - it worked but at that time it was only a 25 +/ - ear fix anow it has to be tweeked again. Problem is this time we have millions of baby boomers coming onboard during a very down economy - so the problem has been accentuated by these conditions. Social Security and Medicare are THE ENTITLEMENT Programs - they are called this because you paid into the systems and are "entitled to them". Medicaid & SSI are paid out of the "general fund" not out of SS or Medicare - they are considered Charitable funding. Posted by GailL1 Could someone please tell me why we have to pay for medicare when we pay into it our whole working life.Isn't that an entitlement ? I think this another way for the goverment to double dip. |
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Re: Cutting Social Security and Medicare
posted at January 27, 2012 10:11 PM EST
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Posts: 20
First: January 18, 2012 Last: August 19, 2012 |
In response to "Re: Cutting Social Security and Medicare": It galls me everytime I see Social Security being lumped together with entitlement programs. IT IS NOT!!! Social Security is supplementary retirement insurance and is a government program that does exactly what it was intended to do since it was implemented by FDR. The only changes needed to the program are to have all funds that have been borrowed (stolen) by congress since 1963 during the LBJ administration returned to the fund along with the interest that would have been earned had the money remained in the fund where it belonged. In addition, pass a law prohibiting congress from ever again using Social Security funds as a cash cow for pork projects. That money belongs to the working Americans that have paid into it all of their working lives. They tell us that the fund will be bankrupt in 2036. The fact is, if it indeed allowed to go bankrupt, revenue from then current payroll deductions would be enough to fund 75% of projected liability. If all the money that is missing were returned, do you think there would be a solvency issue? I don't. Posted by wlfink I agree with your comment that congress has used social security funds as a cash cow for money. I recently posted a post on the board on how social security conducts negotiations for totalization agreements so that other countries citizens that work here for short periods of time can get U.S. Social Security benefits. I was outraged to learn how non U.S. Citizens can work here as little as 1 1/2 year and qualify to receive lifetime U.S. Social Security retirement benefits. these agreements exist with 24 countries already and they are conducting negotiations at SSA this year to have more agreements in place with new countries. I am wondering why we Americans let this happen when our funds are already draining so much that we fear solvency in the near future? More needs to be done to bring the issue to light but the issue seems hopeless, this is just another topic from what it seems a sea of problems with our government. I do fear no one will pay attention to this and before we know it Mexican Nationals and other big countries will join the drain to our social security funds. The UK has an agreement, so does, Poland, Canada, Australia, Japan... |
Forums » Work & Retirement » Social Security » Cutting Social Security and Medicare
