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Obama's new social security cuts: removes essentially 3 months pay out of a year.

 
Anonymous Coward
User ID: 30709105
United States
12/23/2012 03:11 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
I thought I would just mention that SS, if it had been left as it was intended, would still be over funded. That means that we could have reduced the retirement age to 55 by now, and be able to pay about 35k for fully funded retirees. But the Congress in its infinite and far sighted wisdom, allowed the fund to be incorporated into the general budget, the retirement age increased, and the benefits to shrink. Its Congress that makes the laws. They create the fiscal problems that we now face by spending our tax money on programs that earn them votes. Gee why can't everybody see that. Dems have given our tax money to those who have not earned a place in our society by entitling them with certain rights ( read as payments) Fund programs for "disadvantaged people" , given money to special interest groups, despite funding a campaign to promote equality. And the big killer has been to promote the idea that everyone deserves a home, a loan, whether they can pay for it or not. All the while doing nothing but encouraging the jobs to be sent over seas. No jobs= no money, no money = foreclosure, foreclosure =banks in trouble, banks in trouble = bale-out. bale-out = borrow more money from china cause we are sending trillions of tax dollars overseas to fund economic and military aid to who( Egypt, Libya, Saudi Arabia, Iraq,Afghanistan, Jordan, Pakistan, Sudan,Ethiopia, etc etc etc.) They have not mentioned cutting one dollar of foreign spending, yet want to call for cuts to SS as an entitlement. But do not touch welfare, breakfast/lunches for illegal immigrants, housing developments to get people out of public housing,etc, give me a fucking break.
 Quoting: Anonymous Coward 27640901


Quite so!

You are looking at the bigger picture, which those criticizing just the SS program are not.

There is also the fact thathad the government invested our money wisely, it would be way, way over funded. Incorporating SS into the general budget was just one of the many monetary management mistakes our government has made. You have mentioned several others.

It is shallow and one-dimensional to zero in on just the existence of SS without looking at the other dynamic factors. They've made a mess of any fiscal thing they've touched.
TSWB21

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12/23/2012 03:12 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
The reason these a-hole hate social security is because the business matches the taxes you pay into the system.

Just a heads up.Business dont match shit on food stamps.

So if i had to guess why the remove ss is being pushed so hard is because business's dont like to pay the tax.

From my personal ss payments and company's matching over the years i have paid in about 80k.

$40k of personal money and 40k the company's have paid.

Its all about business and profit. its not a handout . you will never get the money back you paid in. But they have many people that are getting ss disability insurance that didnt ever work .
 Quoting: TSWB21


22 years working
that's 1144 weeks averaging $40 week.

45,760 I have paid .. and the company you work for matches that number every week.

for a grand total of $91,520

Its total bs ... thats the truth .... F.... Washington dc, and the lobbyist business a-holes.

Last Edited by <x> on 12/23/2012 03:14 PM
Anonymous Coward
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12/23/2012 03:13 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
...
The people who have paid into this social security program for most of their lives knows it is no free handout. But a pension program paid into it for our retirement. Stop letting on like we are not entitled to our own money!
 Quoting: Anonymous Coward 22728347


Careful with that edict. Do you really want that $60 a week you paid in? :P
 Quoting: BlueSage 13


If I could have had the $60 a week I paid in, plus the $60 the employer paid in, and invested it for the 50 years that I worked, Yeah, I want it.
 Quoting: Anonymous Coward 30709105


You would have spent it on junk food and cigarettes. Face it, you are on the government handout program
 Quoting: Anonymous Coward 24545480


Ever figure out how much State and Federal Excise Tax is paid by the SS recipient for a carton of Cigarettes? Do the math sucker. Outside of tax-exempt food, Pensioners pay tax after tax after tax, so the Gov provides the money to pay the tax even. Go figure. Its like some kind of backwards compound interest.. I give you a buck, and then through taxes I take back 33% or 60% or 75%, and I tax the people that worked in the factories and the stories that I buy, they get taxed too, and so does the goods they produce. Tax, tax tax tax tax tax tax tax tax tax tax tax.

Even when I buy 'junk food' which of course gets TAXED.. it makes me pay tax.. so in away your bitching is pointless.. because I am also of these here Tax Payers that People are sucking off of the government handout programs. Amazing, isn't it? Oh, and that junk food owner and that junk food staff, well, they all pay some for of income tax even if its FISA (or whatever it is called). And they get some of the money in their wages from my government paid out income.

Taxes and Taxes spending work an awful lot like fractional reserve banking, with floating 'tax deduction' exchange rates, and compound interest... rather than Interest on Interest, it Tax on Tax.


When are you Air-Heads going to ever figure out that those on Public Welfare are themselves TAXPAYERS.. you stupid dumb father-fuckers?
Anonymous Coward
User ID: 30723779
United States
12/23/2012 03:18 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


fine then you give me the money i have payed in since 1977.and the money my employers contributed.one of the few things that should have worked til they stole all the money.
 Quoting: Anonymous Coward 30453592


You do realize that Social Security is a pay as you go system.
What was paid in by the retired went to pay for people drawing benefits back then such as their parents,etc.What is paid in now is what funds the people that is retired and drawing now.
Why do all old people think their money was banked and invested and made a bunch of money that is suppose to support them forever once they retire.Benefits paid at the time is funded by taxes paid in at the time.MOST people receive way more benefits and medical care costs than they ever paid in.
Anonymous Coward
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12/23/2012 03:18 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
BUT, it WON'T cut $4,000,000 vacations for Bammy and his Mammy !
Anonymous Coward
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12/23/2012 03:18 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
The reason these a-hole hate social security is because the business matches the taxes you pay into the system.

Just a heads up.Business dont match shit on food stamps.

So if i had to guess why the remove ss is being pushed so hard is because business's dont like to pay the tax.

From my personal ss payments and company's matching over the years i have paid in about 80k.

$40k of personal money and 40k the company's have paid.

Its all about business and profit. its not a handout . you will never get the money back you paid in. But they have many people that are getting ss disability insurance that didnt ever work .
 Quoting: TSWB21


22 years working
that's 1144 weeks averaging $40 week.

45,760 I have paid .. and the company you work for matches that number every week.

for a grand total of $91,520

Its total bs ... thats the truth .... F.... Washington dc, and the lobbyist business a-holes.
 Quoting: TSWB21


And who gets the interest/dividends That should have been made on that $91,520 over the past 40 or 50 years, for millions of people who paid in? That is a bundle.

Yes, whenever you see people pushing for something, in this case abolishment of SS, and using emotional appeals as some posters are doing, you can bet coporate/business money and politics, and lobbyists, are involved. That's always the bottom line.
Anonymous Coward
User ID: 30723779
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12/23/2012 03:20 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
The reason these a-hole hate social security is because the business matches the taxes you pay into the system.

Just a heads up.Business dont match shit on food stamps.

So if i had to guess why the remove ss is being pushed so hard is because business's dont like to pay the tax.

From my personal ss payments and company's matching over the years i have paid in about 80k.

$40k of personal money and 40k the company's have paid.

Its all about business and profit. its not a handout . you will never get the money back you paid in. But they have many people that are getting ss disability insurance that didnt ever work .
 Quoting: TSWB21


22 years working
that's 1144 weeks averaging $40 week.

45,760 I have paid .. and the company you work for matches that number every week.

for a grand total of $91,520

Its total bs ... thats the truth .... F.... Washington dc, and the lobbyist business a-holes.
 Quoting: TSWB21


Yes and one week long hospital stay would wipe that out.Plus a monthly check for as many years as one lives after retirement.So most people use way more benefits than they ever paid in.
Anonymous Coward
User ID: 28017433
United States
12/23/2012 03:21 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
DO NOT RELY ON THE GOVERNMENT 4 YOUR RETIREMENT!
 Quoting: TTX8K82


......SPOT ON!!
ohyeah
gebahie

User ID: 10118097
United States
12/23/2012 03:21 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Anonymous Coward
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United States
12/23/2012 03:22 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
DO NOT RELY ON THE GOVERNMENT 4 YOUR RETIREMENT!
 Quoting: TTX8K82


......SPOT ON!!
ohyeah
 Quoting: Anonymous Coward 28017433


Entitlement babies just cannot help themselves. We need to force them off by abolishing all of these entitlement programs.
The Professor !
User ID: 30717724
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12/23/2012 03:22 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
BS on the 'money' we paid in ! It was NEVER put aside/invested; it was put in the General Fund and pieces of PAPER/Treasury bonds put in their place, so those parasitic politicians would look good/have MORE MONEY to SPEND !

STILL believe those LIES, don't you ?
stars

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12/23/2012 03:28 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Real doom for those who were thinking they could finally settle down and relax for 50 years on the government's dime.
 Quoting: BlueSage 13


SS is not the gov. dime. It's your money!
stars
Anonymous Coward
User ID: 22728347
United States
12/23/2012 03:29 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
The reason these a-hole hate social security is because the business matches the taxes you pay into the system.

Just a heads up.Business dont match shit on food stamps.

So if i had to guess why the remove ss is being pushed so hard is because business's dont like to pay the tax.

From my personal ss payments and company's matching over the years i have paid in about 80k.

$40k of personal money and 40k the company's have paid.

Its all about business and profit. its not a handout . you will never get the money back you paid in. But they have many people that are getting ss disability insurance that didnt ever work .
 Quoting: TSWB21


22 years working
that's 1144 weeks averaging $40 week.

45,760 I have paid .. and the company you work for matches that number every week.

for a grand total of $91,520

Its total bs ... thats the truth .... F.... Washington dc, and the lobbyist business a-holes.
 Quoting: TSWB21


Yes and one week long hospital stay would wipe that out.Plus a monthly check for as many years as one lives after retirement.So most people use way more benefits than they ever paid in.
 Quoting: Anonymous Coward 30723779

They usually take the title of your home for those hospital stays. Oh yeah you can live there till you die, but in the end the government gets what you worked for your whole life.
Anonymous Coward
User ID: 21683091
United States
12/23/2012 03:31 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Retards who voted for the Kenyan voted for their own slow extermination.

Serves 'em right.

dead
 Quoting: Anonymous Coward 30710377


This!
Anonymous Coward
User ID: 30723779
United States
12/23/2012 03:32 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


Hey dip How is SS a handout? You stupid idiot! We paid with our hard earned money for this.. It's our money u stupid F***
 Quoting: Anonymous Coward 1140065


I think that Social Security should only pay back what people have paid in with interest.Once they draw or receive that much medical costs then cut them off.Majority would only draw a couple years at most.
MONSTER

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12/23/2012 03:33 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Why arent they cutting into all the Disability claims. I know dozens of people who have applied for disability because they cant find a job. also all the crack heads that are on disability and buy drugs with their money. all the help for unwed mothers who get government cash for their kids, and sit there smoking and running around drunk letting there Mothers take care of there kids. Why not cut this bullshit out first?
KINGDOMS, NATIONS AND KINGS HAVE BEEN BROUGHT DOWN TO THEIR KNEES WITH ONE GLANCE FROM A WOMAN.

I WEAR MY SKIN OF ARMOR SO NO ONE CAN GET IN AND NO ONE CAN GET OUT.

HOW CAN I MOURN YOU, WHEN I HAVE NEVER LET YOU GO, monster 1991-2008 RIP
Anonymous Coward
User ID: 30723779
United States
12/23/2012 03:34 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Social security is an entitlement. How can some of you not get that. You paid in a whole lot less than you have pulled out. And you are still on the dole pulling more out. Go ahead and calculate it. I will wait.... We, the working are supporting your laziness. This has to STOP.

Social security, unemployment, medicare, disability, etc. are all entitlement programs. You think what you paid in is less than what you have taken out? Get real. Even if you include interest, it is NOT EVEN CLOSE.

These entitlement programs need to stop. NOW.

You are living off the working. Go get help from your family, food banks, charity services, etc.

Or better yet, get a job.
 Quoting: Anonymous Coward 24545480


Exactly
Northman

User ID: 1130148
United States
12/23/2012 03:37 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


Absolutely! and confiscate all checking, savings, 401k, and Ira accounts. Those $600 bottles of wine at congressional lunches don't grow on trees you know.
Anonymous Coward
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United States
12/23/2012 03:38 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


Hey dip How is SS a handout? You stupid idiot! We paid with our hard earned money for this.. It's our money u stupid F***
 Quoting: Anonymous Coward 1140065


I think that Social Security should only pay back what people have paid in with interest.Once they draw or receive that much medical costs then cut them off.Majority would only draw a couple years at most.
 Quoting: Anonymous Coward 30723779


Excellent suggestion.
MONSTER

User ID: 2122560
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12/23/2012 03:38 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
The reason these a-hole hate social security is because the business matches the taxes you pay into the system.

Just a heads up.Business dont match shit on food stamps.

So if i had to guess why the remove ss is being pushed so hard is because business's dont like to pay the tax.

From my personal ss payments and company's matching over the years i have paid in about 80k.

$40k of personal money and 40k the company's have paid.

Its all about business and profit. its not a handout . you will never get the money back you paid in. But they have many people that are getting ss disability insurance that didnt ever work .
 Quoting: TSWB21


22 years working
that's 1144 weeks averaging $40 week.

45,760 I have paid .. and the company you work for matches that number every week.

for a grand total of $91,520

Its total bs ... thats the truth .... F.... Washington dc, and the lobbyist business a-holes.
 Quoting: TSWB21


Yes and one week long hospital stay would wipe that out.Plus a monthly check for as many years as one lives after retirement.So most people use way more benefits than they ever paid in.
 Quoting: Anonymous Coward 30723779

They usually take the title of your home for those hospital stays. Oh yeah you can live there till you die, but in the end the government gets what you worked for your whole life.
 Quoting: Anonymous Coward 22728347


My Mother was the generation that owned their own home, my Dad worked two jobs and died at 72, but this next generation me, I dont own a home and it takes all my check to live. I am paying the same prices as these young kids who think I can save for retirement.
KINGDOMS, NATIONS AND KINGS HAVE BEEN BROUGHT DOWN TO THEIR KNEES WITH ONE GLANCE FROM A WOMAN.

I WEAR MY SKIN OF ARMOR SO NO ONE CAN GET IN AND NO ONE CAN GET OUT.

HOW CAN I MOURN YOU, WHEN I HAVE NEVER LET YOU GO, monster 1991-2008 RIP
Anonymous Coward
User ID: 30723293
United States
12/23/2012 03:39 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Regardless of which side of this issue you are on, ALL of us will soon be toast.

The plan being hacked out behind the scenes will integrate ALL of the 401ks, IRAs, and other private pensions into one big pie.

Those private funds are the last source of wealth left in the country. Yup, the country is THAT BROKE. All the confiscation of those funds will do is buy a couple more years.

SS as we know it will be phased out by the end of the present president’s term. Regardless of what your status is now, ONLY ONE check will be issued by the gov’t.

What you will receive will be dependent on a “means testing” formula developed by the big-dogs.

AND to put some icing on the cake, don’t forget about the Amnesty Kard.

Right now the number of illegals in the U.S. is pushing 40 million. If anyone doubts that, stop drinking the Kool-Aide.

After the current crop of Illegals are awarded U.S. citizenship, they will be issued SS numbers and begin enjoying all of the miraculous benefits the rest of us can provide for them.

After that, they will be allowed to bring all of their shirt-tail relatives into the country and those will also be absorbed into the social safety net. This is to preserve their “family” values and enhance their sense of citizenship.

So, that’s at least 100 MILLION new happy campers!

And, lets not forget about the people of strong mid-eastern decent the president intends to grant citizenship to. Let your imagination run wild with that one.

Expect about 200 MILLION new “citizens” to be enjoying YOUR nice, cushy lifestyles within a couple of years.

Anybody buy into the propaganda that was spouted by the MSM when the president reduced SS taxes so the common folk could use those few extra $$s per week to “stimulate” the economy?

Hmmm . . . . Take the longer view of that.

It was all a sham to further reduce the funds going into the SS “trust fund”, thus accelerating its demise. What a brilliant move, eh??

So get used to it. Right now, this is as good as it will ever get.
acegotflows

User ID: 28872932
United States
12/23/2012 03:41 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
euthanasia by austerity
"a foundation built on lies is always bound to crumble and those who aren't humble shall tumble to the earth"
MONSTER

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12/23/2012 03:41 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


Absolutely! and confiscate all checking, savings, 401k, and Ira accounts. Those $600 bottles of wine at congressional lunches don't grow on trees you know.
 Quoting: Northman


they have the young people so brainwashed that they blame everything on the old. But its the rich that dont pay shit, thats why they are rich.
KINGDOMS, NATIONS AND KINGS HAVE BEEN BROUGHT DOWN TO THEIR KNEES WITH ONE GLANCE FROM A WOMAN.

I WEAR MY SKIN OF ARMOR SO NO ONE CAN GET IN AND NO ONE CAN GET OUT.

HOW CAN I MOURN YOU, WHEN I HAVE NEVER LET YOU GO, monster 1991-2008 RIP
stars

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12/23/2012 03:41 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.

 Quoting: Anonymous Coward 24545480
The people who have paid into this social security program for most of their lives knows it is no free handout. But a pension program paid into it for our retirement. Stop letting on like we are not entitled to our own money!
 Quoting: Anonymous Coward 22728347


Careful with that edict. Do you really want that $60 a week you paid in? :P
 Quoting: BlueSage 13


If I could have had the $60 a week I paid in, plus the $60 the employer paid in, and invested it for the 50 years that I worked, Yeah, I want it.
 Quoting: Anonymous Coward 30709105
At 7% interest.
stars
natasha77
DOOMSEXY

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12/23/2012 03:46 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
We need to end social security right NOW.

These people need to work. If they cannot work then their family needs o support them. It is as simply as that.

No more handouts. No more free ride.
 Quoting: Anonymous Coward 24545480


You realize who PAYS for social security, don't you?
 Quoting: Anonymous Coward 28649819


No he doesn't because hes ignorant.

I'm staying away from this thread, except to say that THOSE UNDER THE ILLUSION WE HAVE TWO PARTY SYSTEM, ARE NOTHING BUT RED NECK ASSHOLES WITH NO EDUCATION.

GOOD BYE
SPEAK UP. SILENCE IS DEADLY!

I am currently experiencing life at several WTFs per hour.

DEAL WITH IT. WE ALL HAVE OPINIONS. RESPECT MINE.
Anonymous Coward
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United States
12/23/2012 03:48 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
I just do not know how people are going to make it .Wowbump
 Quoting: ar-15 nut


many will die. there will be no money for drugs.....
Anonymous Coward
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12/23/2012 03:49 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
you people paying into social security will get nothing when your 65.....
MONSTER

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12/23/2012 03:50 PM

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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
Its really sad see all the hate and contempt for their parents and grandparents. Talking about let them work(who would hire a 70 yr old) or starve. What is our nation become? when a 13 yr old beats his gram ma with a hammer so he can steal enough to buy a pizza. I think our nation is beyond repair its just evil
KINGDOMS, NATIONS AND KINGS HAVE BEEN BROUGHT DOWN TO THEIR KNEES WITH ONE GLANCE FROM A WOMAN.

I WEAR MY SKIN OF ARMOR SO NO ONE CAN GET IN AND NO ONE CAN GET OUT.

HOW CAN I MOURN YOU, WHEN I HAVE NEVER LET YOU GO, monster 1991-2008 RIP
Anonymous Coward
User ID: 29885288
Slovenia
12/23/2012 03:50 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
foxnews propaganda at its finest

stop listening to the main-stream media dorks.
Anonymous Coward
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Canada
12/23/2012 03:51 PM
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Re: Obama's new social security cuts: removes essentially 3 months pay out of a year.
According to the AARP, "A typical 80-year-old woman will lose the equivalent of three months worth of food annually" under this plan.

This is a bad deal for current retirees. And it'll hit future retirees even harder, because the proposal cuts Social Security more and more with each passing year. After 10 years, benefits would be cut by about $500 a year for the average retiree. After 20 years, benefits would be cut by about $1,000 a year. And beyond that, it just gets worse.

[link to www.aarp.org]
 Quoting: BlueSage 13


you voted him in......deal with it

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