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

Yep because after they have received what they paid in with interest it becomes welfare.I dont care how you look at it.

Really pisses me off to hear all the put downs from that generation about what others get because after all THEY worked and paid in all their life.Yes they did and they deserve what they paid in with interest and THATS ALL.

Most are clueless as to how much they cost the system and how much they use the system.Even if they only live 5 years and draw $2000 monthly thats $120,000 cash benefits.Can only imagine what monthly medical costs are for most.At least that much or more in those 5 years time in many cases way more.So thats $240,000 for 5 years.A lot live way more than 5 years after retiring and receive higher amounts.Medical costs alone eat up way more than 99% ever paid in not counting any cash benefits.

But they dont want to hear that and refuse to add up what they cost over and above what they could have paid in.It welfare plain and simple.

What the government really needs to do is stop all these government workers from retiring after 20 or 30 years. Vest them and let them beginning collecting at 67 like the rest of us. Then, don't offer such programs for new hires and let them get SS when they are elderly like everyone else. Use the surplus gained from this to help fund SS.

Next, they need to immediately raise the retirement age to 70. Seventy isn't old and feeble today unless you didn't take care of yourself.

Then, they need to charge a surcharge on life-style related health issues. Why are we supplementing fat old people's alcohol issues, heart care, type II diabetes?

Hell why not ask for at least 10% and tell us where to invest to get 7%

Make no mistake, the AARP is after anything which screws anyone else in this country except them. Who do you think is pushing to end the tax deduction of mortgages? Heck, they have their homes paid for - let's even take more from the young to fund them. What BS!

the election was rigged....

You paid in 40K.. are you now down paying in..? Okay. So, just for the audience and an example...

lets say you are now starting on your first day of retirement... and the only income you will have its your social security income.

Lets say you are 65 y.o.a. How long you gonna live on $40K if that is your only 'stash and income' and without any further other income?

Let's think of your retirement-income as if it is a minimum wage being paid out of $7.50/hour for 40 hours per week = $300/wk.

$40,000/$300.00 = 133.33r weeks. At 52 weeks a year, 2.56 years. So by 133.33 weeks your fund of $40K would be ZERO. Even with your employer doubling that, you are at ZERO in your fund at the 5.12 year point.

Without some form of Leverage, you know you will be out of funds in 5.12 years even if you have restrained your lifestyle to that which minimum wage people are trying to live on, cheap rented house, or rented room and board a single room of a larger house, roomates, cheap low cost car with low gas mileage that might be enough to just get around town with very few trips out of two but twice or once a year, cheap food, cheap clothing -- a year or five behind the curve in all the fun electric gadgets and games, using a PrePaid track fone, and paying very close attention how long you talk each time, watching the make and model of the cheap bread you buy doubling in price every six months.

Without further leverage you are only going to make it a little over five years, and your Fund will be ZERO... and Homeless, cold (or way way too hot), and very hungry.

But tell me poster, how is it that you said one will not every get back all they put into Social Security? I can see if they die before their 'time'. But hey, I have shown you how it is extremely easy to get all you in your case can expect to get every 1/10th of a dime you paid into SS.

And at the 5 years 3 month point, you then are just like the person who never worked or made a taxable dollar into their entire life.. just like them. Except you GO GET A FUCKING JOB YOU LOSER!

How many people are there really that are so disabled that they have NEVER worked and made even a dollar that was taxable? Well? How many?

There is plenty of money for SS.

I know this for a fact because they have trillions to give bankers in bailouts, trillions to spend on bogus wars abroad and trillions to give military industrial complex defense contracts.

So anyone that says omigod there is no money left for SS we have to cut grandma off is an idiot.

yet their going to cut SS.......how strange

You are the one who is brainwashed. You believe the rich don't pay "their fair share" and that is why they are rich? That is total socialist propaganda and a complete fallacy. Educate yourself. Read Ludwig Von Mises, Friedrich Hayek, Murray Rothbard, Tom Woods, Peter Schiff...learn something.

No I really didn't.

A lot of that banking loan money has been paid back - but the country is still 16 trillion in debt, so yes, it's coming home to roost on Grandma and Grandpa along with the rest of us. Why should they be immune?

Realistically, if Grandma and Grandpa had refused to buy cheap foreign-made knock-offs and refused to shop at Walmart and demanded their children do the same, we would still have jobs and mom & pop corner stores. But no, Walmart imports were cheaper and now the Walmart heirs are worth as much as the bottom 40% of our population combined. So who was the idiot?

You get FOX news in slovenia? STFU.

All people collecting food stamps and welfare should work before people receiving Social Security. Many of them have never put a dime into the system. If we're going to end help for seniors we need to end help for EVERYONE!!!!

There are also thousands of legals and illegals applying for welfare, food stamps, and medicaid every month so what are you saying?

Sorry...that was kinda funny.

Explain to me how someone making $150,000 a year gets a fricking break on SS and Med taxes.

All income should be taxed, period, just because someone makes over more than $106,800 a year, they get a break.

But what would the working man expect, they write the laws to benefit them (DC elected), but what's new.

Let's say a business owner works his fricking ass off for years, finally being able to start paying himself, his pay is set at $107,000 per year. Now look at what sits in DC, the elected officials current pay is $174,000 a year, they do not pay SS or Med on $67,000 a year.

This is in the neighborhood of $4100 a year. Doesn't sound like much, but to the honest life long worker, it is a hell of a lot.

Why is this, they write the laws to benefit themselves, period.

It used to be a nickel and dime increases, now it is the $50 $100 hits.

Fuck you. They already cut food stamps. My bills went up and I got $20 a month cut from my measly $120 a month in food stamps. I needed that food. You have any idea how hard it is to eat for $100 a month? I have a wife too. Try to feed 2 people on $100 a month. Just fucking try it. Dickhead.

And who was responsible for killing the prosperous times? The Elite. Many so called "old people" had money stolen from their paychecks their whole lives for Social Security while just as many lived out the prosperous times collecting welfare, food stamps, section 8 housing, WIC, and medicaid while everyone else was working.

I am 53 and still working in manufacturing watching my purchasing power go down the toilet while millions are still sitting on their asses on the dole with cell phones, internet access and cable TV. Even worse, illegals are flooding into the country to collect their freebies on the U.S.taxpayer. Why don't you people that constantly blame seniors for the problems this country is in look a little deeper at the real problems. Oh did I forget the trillions of dollars that went to idiots who made bad bets on Wall Street. Grow a brain people!!!

This much of what you wrote I totally agree with.

Its CONGRESS, people, Congress.

You know, that 100 U.S Senators, Two of which are supposed to be representing your State and You?

You know those 435 U.S. House Represtantives, One of which is supposed to be representing You; as you are only One of the 650,000 other people that same U.S. Rep is supposed to be representing?

So You (general 'you', not the posters) have THREE people that you personally can influence or affect... but remember your voice is very small, in the one place you are 1/650,000th of a "voice", in the other place (the Senate) you are one of, well, whatever your State's population is, in my case I am 1/1,800,000th of a voice to my two U.S. Senators. Remember that... and that it is this 535 of Congress that passed the Laws that apply to all of us, all 320+ Million Americans. (yes, these are round numbers)

Remember too that your own voice is only one voice of 320+ Million voices.

100+435 = 535, "The 535"... plus the President + Nine US. Supreme Court Justices. That 535+10= "The 545".

These 545 govern 320+ Million people.

Assuming 320,000,000 and of which the 545 are but 545/320,000,000 or 0.00017% of the US Population.

It's NOT the governments dime OP.

What part of "Paying in to Social Security during your entire lifetime of work" do you NOT understand?

It IS NOT a free ride, except for the children from Mexico, whose ILLEGAL parents get hundreds per month.

Don't belive me? Look it up for yourself.

Why don't you get a job and stop sucking off the system, and if one job can't cut it, get two, lazy prick.

Lazy bastards that have never had to work for what they get don't realize things like this.

Exactly. They just want to create division. Anger, pain, death, mayhem... those things are commanded by Satan to his stenchmen as offerings.

It is just a show to manipulate. People who vote straight party (either party) are tools. But, Dems are bigger 'tards because homosexuality and murdering babies just makes no sense at all.

So we are all social leeches now?

Medicaid = social leech, at least to a large extent.

Medicate = all of us when we get old, especially those who were not leeches and paid in the most.

on the governments dime Ive paid 30 yrs into this how is this the governments dime? very callous thing to say

Romney wanted to cut Medicare too. We didn't have a choice, though on this issue Romney might have been worse than Obama.

The time to fight this was't in November, there were no good choices. The time is now, however we can, to try to preserve Medicare. We will all need it in our old age.

The Republican party chairman speaks.

It is so funny to watch Americans arguing about scraps while trillions of dollars are being sucked out of the economy

Dude BS everyone got an increase 1.1% stop bitching and realize that most ppl lost their raise because of medicare deductible was risen. Get the people who have not paid into the system off the payroll, and things will get better

then I want every cent I paid in for 30 yrs and I want it out of your whiny ass check hows that? and when it comes time to retire I want you to keep working cuz every 70-80 yr old should still work