Republican Plans To Gut Social Security

Republican Plans To Gut Social Security

Posted in the Middlesboro Forum

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Duc Holliday

United States

#1 Aug 31, 2012
Republicans have tried end Social Security since its beginnings in 1935 heres paul ryans vision for the future.

That House Budget Committee Chairman Paul Ryan (R-WI) supports the privatization of Social Security is well known. Ryan proposed $1.2 trillion in cuts and the partial privatization of Social Security upon taking control of the Budget Committee in 2011, and he has constantly warned about the supposed doom facing the program if major reforms aren’t enacted immediately.

But Ryan’s attempts to gut the most popular entitlement program in America go back quite a few years, as Ryan Lizza’s New Yorker profile of the conservative hero makes clear. Ryan’s fight against Social Security has been ongoing since he pushed President George W. Bush to privatize the program in 2005:


Under Ryan’s initial version, American workers would be able to invest about half of their payroll taxes, which fund Social Security, in private accounts. As a plan to reduce government debt, it made no sense. It simply took money from one part of the budget and spent it on private accounts, at a cost of two trillion dollars in transition expenses. But, as an ideological statement about the proper relationship between individuals and the federal government, Ryan’s plan was clear.[...]

Two weeks after Bush’s Inauguration, Ryan gave a speech at Cato asserting that Social Security was no longer the third rail of American politics. He toured his district with a PowerPoint presentation and invited news crews to document how Republicans could challenge Democrats on a sacrosanct policy issue and live to tell about it.

Bush ultimately went with a slightly less radical proposal that still failed in the Senate and caused Republicans massive losses in the 2006 mid-term elections. But Ryan, undeterred, told Lizza that the failure of privatization was simply due to marketing, not that the plan was unpopular:


What some might interpret as the failure of an unpopular idea Ryan insisted was mostly a communications problem.“The Administration did a bad job of selling it,” he told me. Bush had campaigned on national-security issues, only to pitch Social Security reform after reëlection.“And ... thud,” Ryan said.“You’ve got to prepare the country for these things. You can’t just spring it on them after you win.” The lesson:“Don’t let the engineers run the marketing department.”

Aided by the mainstream media’s spreading of the lie that Social Security is “going bankrupt,” Ryan has been able to thrust Social Security “reform” back onto the table, and it was embraced during the primary by virtually every Republican candidate.

What Ryan and his Republican colleagues continue to ignore, however, is how easy fixing Social Security would be if they weren’t so insistent on protecting the wealthiest Americans from a single tax increase. By lifting the payroll tax cap that currently limits Social Security contributions to the first $110,100 in income, Congress could ensure the program’s solvency for the next 75 years — longer than the program has been in existence to this point.

That wouldn’t fit Ryan’s belief that the government doesn’t have a role in helping protect the financial security of the American people. But it would prevent millions of Americans from losing the much of their retirement savings, as they would have during the 2008 financial crisis had Ryan’s plan to privatize Social Security become law.

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Cranky1

Versailles, KY

#2 Aug 31, 2012
-It will be failing soon enough on it's own without anyone doing a thing. So you let social security continue as is and watch the collapse, its coming a sure as the sun rises in the east every morning. If you believe it's fiscally solvent you also believe in the tooth fairy.
playbook

Ooltewah, TN

#3 Aug 31, 2012
Same old worn out scare tactic.
sheldon cooper

South Fulton, TN

#4 Sep 1, 2012
You do realize social security was created to go with others forms of retirment plans right. Social security was never intended to be your only source of income in old age.
Duc Holliday

United States

#5 Sep 1, 2012
sheldon cooper wrote:
You do realize social security was created to go with others forms of retirement plans right. Social security was never intended to be your only source of income in old age.
You also realize people born and raised here in Eastern Kentucky as well as other impoverished ares around America count on SS as their only form of income when they retire. Not all people have the opportunity or good fortune to be born wealthy or be schooled by a rich father in the art of investments assuming they have a worked at a job where they were paid enough to have money to invest. And at the time when FDR signed SS into law in 1935 there was no other retirement options for the average American worker. The Republicans have been trying to repeal or destroy SS since it was signed into law.SS has always been a stable form of retirement money backed by the US government for years unlike other pensions such as in the airline industry or the auto industry. With the filing of bankruptcy these pensions were eliminated for thousands of retired workers.Democrats have fought thru the tears to keep seniors from living homeless with nothing on the other side of the coin Republicans have been diligent in their efforts to privatize or eliminate SS altogether. George W would have had SS funds in the stock market if he'd had his way imagine the disaster if that had happened when the recession began. Wall street suits would have stole all the money and Bush would have said woops that's the way a free market society works sorry too bad.
your out

Pikeville, KY

#6 Sep 1, 2012
Duc Holliday wrote:
<quoted text>You also realize people born and raised here in Eastern Kentucky as well as other impoverished ares around America count on SS as their only form of income when they retire. Not all people have the opportunity or good fortune to be born wealthy or be schooled by a rich father in the art of investments assuming they have a worked at a job where they were paid enough to have money to invest. And at the time when FDR signed SS into law in 1935 there was no other retirement options for the average American worker. The Republicans have been trying to repeal or destroy SS since it was signed into law.SS has always been a stable form of retirement money backed by the US government for years unlike other pensions such as in the airline industry or the auto industry. With the filing of bankruptcy these pensions were eliminated for thousands of retired workers.Democrats have fought thru the tears to keep seniors from living homeless with nothing on the other side of the coin Republicans have been diligent in their efforts to privatize or eliminate SS altogether. George W would have had SS funds in the stock market if he'd had his way imagine the disaster if that had happened when the recession began. Wall street suits would have stole all the money and Bush would have said woops that's the way a free market society works sorry too bad.
your off yours meds, or your a fool
Bobby B

Murray, KY

#7 Sep 1, 2012
Duc Holliday wrote:
<quoted text>You also realize people born and raised here in Eastern Kentucky as well as other impoverished ares around America count on SS as their only form of income when they retire. Not all people have the opportunity or good fortune to be born wealthy or be schooled by a rich father in the art of investments assuming they have a worked at a job where they were paid enough to have money to invest. And at the time when FDR signed SS into law in 1935 there was no other retirement options for the average American worker. The Republicans have been trying to repeal or destroy SS since it was signed into law.SS has always been a stable form of retirement money backed by the US government for years unlike other pensions such as in the airline industry or the auto industry. With the filing of bankruptcy these pensions were eliminated for thousands of retired workers.Democrats have fought thru the tears to keep seniors from living homeless with nothing on the other side of the coin Republicans have been diligent in their efforts to privatize or eliminate SS altogether. George W would have had SS funds in the stock market if he'd had his way imagine the disaster if that had happened when the recession began. Wall street suits would have stole all the money and Bush would have said woops that's the way a free market society works sorry too bad.
You do realize that when signed into law, it was on a volunteer basis. On top of that, you were only allowed to contribute one percent of your wages. Like the post above, it was never meant to be ones sole source of retirement income.
Duc Holliday

United States

#8 Sep 1, 2012
Bobby B wrote:
<quoted text>
You do realize that when signed into law, it was on a volunteer basis. On top of that, you were only allowed to contribute one percent of your wages. Like the post above, it was never meant to be ones sole source of retirement income.
I guess you'll decline yours won't ya? I take it you have other pensions to fall back on along with other investments. That being said what does that have to do with a person thats paid into it all their lives and counts on it at retirement time? Are you saying they should be penalized for not investing money or what?
Duc Holliday

United States

#10 Sep 1, 2012
Duc Holliday wrote:
b
wak
sheldon cooper

South Fulton, TN

#11 Sep 1, 2012
I am saying you made a choice not to prepare for retirement. It's not the governments job to take care of you that is your responsibility. The governemnt really is the ones you shpould trust with your retirment plan right since they've done such a good job with everything else.
Duc Holliday

United States

#12 Sep 1, 2012
sheldon cooper wrote:
I am saying you made a choice not to prepare for retirement. It's not the governments job to take care of you that is your responsibility. The governemnt really is the ones you shpould trust with your retirment plan right since they've done such a good job with everything else.
Since I've been paying into the Social Security fund for thirty some years I expect to draw my check when I retire. The government took on that responsibility when they started deducting funds from my paycheck. As far as trust the last people on earth I'd trust is Wall Street. Last I heard the don't print money only the government does. Buy you some facebook stock I hear it's as hot as Romneys Magic Underwear in July.
Dr I P Nightly

New Tazewell, TN

#13 Sep 2, 2012
sheldon cooper wrote:
I am saying you made a choice not to prepare for retirement. It's not the governments job to take care of you that is your responsibility. The governemnt really is the ones you shpould trust with your retirment plan right since they've done such a good job with everything else.
Conservatives need asbestos britches . And pacifiers all round…
the truth

Richmond, KY

#14 Sep 2, 2012
Duc Holliday wrote:
<quoted text>Since I've been paying into the Social Security fund for thirty some years I expect to draw my check when I retire. The government took on that responsibility when they started deducting funds from my paycheck. As far as trust the last people on earth I'd trust is Wall Street. Last I heard the don't print money only the government does. Buy you some facebook stock I hear it's as hot as Romneys Magic Underwear in July.
Look nut job, the dems took seven hundred and fifty million dollars out of social security, for OBAMA CARE, so dont expeck much from them, that is the truth
haha ignorant people

Lebanon, KY

#15 Sep 2, 2012
thats funny, I thought it was OBAMAcare that wanted to kill off all the old people to save money.
Cornbread1

United States

#16 Sep 2, 2012
haha ignorant people wrote:
thats funny, I thought it was OBAMAcare that wanted to kill off all the old people to save money.
No its the repulicans.

That Ryan dude threw that old woman off a cliff and Romney gave that poor woman cancer after he fired her husband.
cliff

United States

#17 Sep 14, 2012
Cornbread1 wrote:
<quoted text>
No its the repulicans.
That Ryan dude threw that old woman off a cliff and Romney gave that poor woman cancer after he fired her husband.
it takes a crazy person to believe that.....you all talk about Romney because he is so rich, if he can do that for hisself what do you think he can do for our country?I have voted for both sides and you talk about going off a cliff it not going be alittle cliff it going be a mountain for us all if Obama gets back in and we are going be in another war I dont care if popeye bet him we would be better off with popeye.I believe we are in the last days and the bible is fullfilling go ahead and laught anyone that is for killing unborn child, samesex marriages now tell me why would anyone want vote for a man who would take God off the platform and then get worried it would hurt him getting votes and put God back in it not me. people better open their eyes Obama dont care about american people .thank you
sheldon cooper

South Fulton, TN

#18 Sep 14, 2012
what kills me in the midst of all the romney is a rich guy crap is obama aint exactly broke. They keep saying how republicans are rich but the kennedys aint missing any meals. It's stupid to listen to one millionaire tell you another millionaire is an asshole for being a millionaire. I guess the public school system really is a mess is its that hard to get a simple concept like that across.
believer of the truth

Dyer, TN

#19 Sep 15, 2012
cliff wrote:
<quoted text> it takes a crazy person to believe that.....you all talk about Romney because he is so rich, if he can do that for hisself what do you think he can do for our country?I have voted for both sides and you talk about going off a cliff it not going be alittle cliff it going be a mountain for us all if Obama gets back in and we are going be in another war I dont care if popeye bet him we would be better off with popeye.I believe we are in the last days and the bible is fullfilling go ahead and laught anyone that is for killing unborn child, samesex marriages now tell me why would anyone want vote for a man who would take God off the platform and then get worried it would hurt him getting votes and put God back in it not me. people better open their eyes Obama dont care about american people .thank you
so you are saying, OBAMA is the anti CHRIST???
believer of the truth

Dyer, TN

#20 Sep 15, 2012
sheldon cooper wrote:
what kills me in the midst of all the romney is a rich guy crap is obama aint exactly broke. They keep saying how republicans are rich but the kennedys aint missing any meals. It's stupid to listen to one millionaire tell you another millionaire is an asshole for being a millionaire. I guess the public school system really is a mess is its that hard to get a simple concept like that across.
but, one got his millions, by selling american jobs and then shipping his hard earned money to switzerland bank accounts... have you checked into mormonism, talk about radicals!!!

Since: Sep 08

Neon City Oh.

#21 Sep 15, 2012
GOP
Wall St traders need that money more than retired people do.

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