Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
GlenBeckJumpsThe Shark

Tacoma, WA

#841562 Jan 17, 2013
Glenn gives the audience a look at his vision: Independence Park.

http://www.video.theblaze.com/media/video.jsp...

Since: Aug 11

Location hidden

#841563 Jan 17, 2013
maddmaxx7 wrote:
<quoted text>
By no definition is it a Ponzi scheme, ur mistaken.
get the book called "the The Forgotten Man" by Amity Shlaes FDR knew that Social Security would be paying out more than what revenue was coming in plus remember by law Social Security was never to exceed 1% on the Employer and 1% on the Employee and to mantain the Ponzi scheme the FICA tax had to be raised time & time to maintain the Ponzi Scheme.

The Forgotten Man by Amity Shlaes

http://www.commentarymagazine.com/article/the...

Since: Aug 11

Location hidden

#841565 Jan 17, 2013
John Galt wrote:
<quoted text>
Sooner or later, and probably sooner, the money coming in from workers will be less than the money being paid to those receiving benefits, the definition of a Ponzi scheme.
it is that way now the US dont have a workforce paying the FICA Taxes like they did 50 years ago and the only thing that Congress can do is increase the FICA tax on what employers and employee are left which I cant blame any employer looking to offshore to getaway for paying for the Entitlement Society that has gotten out of control.
John Galt

Temecula, CA

#841566 Jan 17, 2013
Anonymous of Indy wrote:
<quoted text>it is that way now the US dont have a workforce paying the FICA Taxes like they did 50 years ago and the only thing that Congress can do is increase the FICA tax on what employers and employee are left which I cant blame any employer looking to offshore to getaway for paying for the Entitlement Society that has gotten out of control.
The alternative is reducing the benefits and/or increasing the retirement age.

SS is a tax, no more, no less.

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#841568 Jan 17, 2013
Anonymous of Indy wrote:
<quoted text>Social Security is a Ponzi Scheme operated by the Federal Government.
Is There a Right to Social Security?
By Michael D. Tanner
November 25, 1998
You worked hard your whole life and paid thousands of dollars in Social Security taxes. Now it’s time to retire. You’re legally entitled to Social Security benefits, right? Wrong. There is no legal right to Social Security, and that is one of the considerations that may decide the coming debate over Social Security reform.
Many people believe that Social Security is an “earned right.” That is, they think that because they have paid Social Security taxes, they are entitled to receive Social Security benefits. The government encourages that belief by referring to Social Security taxes as “contributions,” as in the Federal Insurance Contribution Act. However, in the 1960 case of Fleming v. Nestor, the U.S. Supreme Court ruled that workers have no legally binding contractual rights to their Social Security benefits, and that those benefits can be cut or even eliminated at any time.
http://www.cato.org/publications/commentary/i...
Property Rights: The Hidden Issue of Social Security Reform
One of the most enduring myths of Social Security is that a worker has a legal right to his Social Security benefits. Many workers assume that, if they pay Social Security taxes into the system, they have some sort of legal guarantee to the system’s benefits. The truth is exactly the opposite. It has long been law that there is no legal right to Social Security. In two important cases, Helvering v. Davis and Flemming v. Nestor, the U.S. Supreme Court ruled that Social Security taxes are simply taxes and convey no property or contractual rights to Social Security benefits.
As a result, a worker’s retirement security is entirely dependent on the political decisions of the president and Congress. Benefits may be reduced or even eliminated at any time. Given the program’s looming financial crisis, benefit cutbacks are increasingly likely. Therefore, the entirely political nature of Social Security places workers’ retirement security at considerable risk. Indeed, Congress has already arbitrarily reduced Social Security benefits of some groups of workers. Moreover, because Social Security benefits are not a worker’s property, they are not inheritable.
In contrast, a privatized Social Security system, based on individual accounts, would provide workers with the benefits and the safeguards of true ownership.
http://www.cato.org/publications/social-secur...
Isn't Socialism just wonderful?

Sends chills down my spine, it does.

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#841569 Jan 17, 2013
Yeah wrote:
<quoted text>Well let's see.... if that basement is the port side of a ship and you can't pump it out fast enough, then yes! I'll flood the starboard compartments until I level off!
It's not ideal, but at least you won't capsize!
You've obviously been smacked in the stern one too many times.
Too much poop on the Poop Deck, I'd say.

Flooding both sides of a ship sends you to Davey Jones' Locker, idiot.

Go play with yer rudder.

Since: Aug 11

Location hidden

#841570 Jan 17, 2013
John Galt wrote:
<quoted text>
The alternative is reducing the benefits and/or increasing the retirement age.
SS is a tax, no more, no less.
exactly and we all know what they have been doing which is giving out more than what people paid in and want to raise the Retirement age which personally I have problems with and its not the Federal Governments place to tell people when they can retire and why I have issues with Social Security and why it should be privatized. But I understand why the Republicans wanted to privatize Social Security too because as where social security stands now it belongs to the Federal Governments to spend anyway way they want and we have no property right to it but the problem Bruce Bartlett told why Bush gave up on privatization for people who are currently working right now is because the Federal Government needs every dime it can get its hands on for Social Security to pay for people currently on the entitlement system and the main reason why Social Security privatization died but I think with the econmical problems we got now the Federal Government is going to reduce benefits dramatically but when I dont know because we are heading down the same path as Greece.

Since: Aug 11

Location hidden

#841571 Jan 17, 2013
shinningelectr0n wrote:
<quoted text>
Isn't Socialism just wonderful?
Sends chills down my spine, it does.
Your Right and People believe this Capitalism which they have no clue that its Socialism and Capitalism rejects Social Security and Taxes.
LooTER SHooTER

United States

#841572 Jan 17, 2013
THE BILL OF RIGHTS BELONG TO THE PEOPLE ! NOT TO OBAMA TO CHANGE AND REINTERPRET THE WAY HE SEES FIT !
He has NO regard to the 3 branches of government !
He LIES !
He Manipulates ! He.is
ERODING AMERICA !
LooTER SHooTER

United States

#841573 Jan 17, 2013
Israel has NO FAITH OR SENCE OF HOPE WITH OBAMA !
Obama said he had the Terrorist in check- Yeah Rite !- THE MIDDLE EAST IS WORSE THAN EVER !
Thanks OBAMA ! YOU JACKASS !

Since: Aug 11

Location hidden

#841574 Jan 17, 2013
maddmaxx7 wrote:
<quoted text>
I believe you're misinterpreting that ruling.
nope.
John Galt

Temecula, CA

#841575 Jan 17, 2013
Anonymous of Indy wrote:
<quoted text>exactly and we all know what they have been doing which is giving out more than what people paid in and want to raise the Retirement age which personally I have problems with and its not the Federal Governments place to tell people when they can retire and why I have issues with Social Security and why it should be privatized. But I understand why the Republicans wanted to privatize Social Security too because as where social security stands now it belongs to the Federal Governments to spend anyway way they want and we have no property right to it but the problem Bruce Bartlett told why Bush gave up on privatization for people who are currently working right now is because the Federal Government needs every dime it can get its hands on for Social Security to pay for people currently on the entitlement system and the main reason why Social Security privatization died but I think with the econmical problems we got now the Federal Government is going to reduce benefits dramatically but when I dont know because we are heading down the same path as Greece.
You can "retire"henever you choose, but you may need to wait to collect SS.

Bruce Bartlett is an idiot, a Democrat stooge.
Daily Prayer

AOL

#841576 Jan 17, 2013
God wrote:
<quoted text>
Can't hear you.
Got any money?
Please dear lord give us the strength for the next four years. Don't takith from the hard working Americans and hand out to the poor who don't want to work for a good living.

Don't take the guns away from those who can protect their family from the criminals.

Seek help for the mentally insane and help schools to find those who is in most need of the help.

Thank you dear lord, amen.
Yeah

Mililani, HI

#841577 Jan 17, 2013
John Galt wrote:
<quoted text>
The alternative is reducing the benefits and/or increasing the retirement age.
SS is a tax, no more, no less.
Hold the line on SS and reduce defense spending.

That's another alternative.
Yeah

Mililani, HI

#841578 Jan 17, 2013
John Galt wrote:
<quoted text>
You can "retire"henever you choose, but you may need to wait to collect SS.
Bruce Bartlett is an idiot, a Democrat stooge.
And btw, in case you couldn't tell, it's a variation on the counter flood technique I mentioned earlier.

I'm sure it slipped by you...
Yeah

Mililani, HI

#841579 Jan 17, 2013
shinningelectr0n wrote:
<quoted text>
Isn't Socialism just wonderful?
Sends chills down my spine, it does.
lol! So... what capitalistic country is better than the United States, son?
John Galt

Temecula, CA

#841580 Jan 17, 2013
Daily Prayer wrote:
<quoted text>
Please dear lord give us the strength for the next four years. Don't takith from the hard working Americans and hand out to the poor who don't want to work for a good living.
Don't take the guns away from those who can protect their family from the criminals.
Seek help for the mentally insane and help schools to find those who is in most need of the help.
Thank you dear lord, amen.
Prayer is great, but you gotta take action as well.
Yeah

Mililani, HI

#841581 Jan 17, 2013
shinningelectr0n wrote:
<quoted text>
You've obviously been smacked in the stern one too many times.
Too much poop on the Poop Deck, I'd say.
Flooding both sides of a ship sends you to Davey Jones' Locker, idiot.
Go play with yer rudder.
lol! You're so stupid son. And you're so proud of it too!!

I love this comedy channel.

http://www.ibiblio.org/hyperwar/USN/ships/log...

"...Damage Control -- put out the fire in compartment A-305-A. Make careful inspections below deck to determine extent of damage. Reduce list by removing top side weights on the port side and by pumping and counter-flooding, utilizing power from destroyer until salvage tug should arrive...."

Since: Aug 11

Location hidden

#841582 Jan 17, 2013
maddmaxx7 wrote:
Fleming vs nestor concerned a Bulgarian kicked out of the country. Be that as it may, then if you want the government to continue taking your "contributions" forcibly with no guarantee of a payout, as opposed to taking it private, some people might argue you're an idiot.
I'd be one of them.
exactly thats the problem I have with Social Security your forced to contribute in a Government Program with no guarantee which the Federal Government doesnt have to since Social Security is formulated as a tax and is treated like any other tax and Obamacare fits in this argument too since the Individual Mandate Cheif justice John Roberts said the Individual Mandate is a tax then and there should be no contractual rights to Obamacare then and the Federal Government can reduce or eliminate those healthcare benefits at anytime regardless of what an individal has contributed. But if it was privatized then individuals would have control of the money plus you have property rights to it then and with the Federal Government in a financial mess it doesnt look promising for anybody including Obamacare.
carol

Orlando, FL

#841583 Jan 17, 2013
Went back and read some earlier posts on this thread. Sheesh...am I outspoken or what?!

No wonder some get so irritated with me.

If I weren't me, even if I agreed with everything I said, after reading some of my own posts, I probably would've gotten irritated with me too.

Just wasn't too happy with my fellow countrymen for electing someone like Barack Obama and took it out on here. Now I'm beginning to think things happen for a reason and his being elected to a second term might prove this to be true by 2016.

Still, I regret the tone in some of my earlier posts.

Well, goodnight.

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