Obama 'offering to cut US pensions' f...

Obama 'offering to cut US pensions' for deficit deal.

Posted in the Stroudsburg Forum

cabin

East Stroudsburg, PA

#1 Apr 5, 2013
http://www.bbc.co.uk/news/world-us-canada-220...

Let me see if I understand this right.

SS is NOT part of the general budget. SS is paid for by the 'Payroll tax' which is in addition to the income tax we pay.

Obama wants to 'balance' the general budget by reducing the increase in SS payments and increase the income tax.

While adjustments have to be made to the SS program nothing done to that program affects the general budget.

If Obama wants to increase income tax he should also reduce spending in the GENERAL budget.

We need to cut spending AND raise everyones taxes not just target 'the rich'.

Targeting SS to 'balance the budget' is nothing but playing politics.
cabin

East Stroudsburg, PA

#2 Apr 5, 2013
'The plan will also include reductions in Medicare spending for the elderly, much of it by targeting payments to healthcare providers and drug firms.'

Which is also an 'off budget' program paid for by a special tax.

Since: Jan 11

Location hidden

#3 Apr 5, 2013
As this population ages, we have to do something to ensure that when I retire, SS will still be viable. I do not have the golden answer, but I do know that condemning every suggestion to the problem is NOT the answer.
cabin

East Stroudsburg, PA

#4 Apr 5, 2013
slush wrote:
As this population ages, we have to do something to ensure that when I retire, SS will still be viable. I do not have the golden answer, but I do know that condemning every suggestion to the problem is NOT the answer.
So you did not understand my post.

SS is NOT a general budget item!!

It is payed for by the 'payroll tax' NOT the income tax.

While I admit SS needs to be fixed (as do most republicans) it can not be used to balance the general budget. Any savings derived from changes in SS can NOT be counted as 'budget cuts' simply because it is not part of the budget to start with.

What part of that FACT has you confused?

Since: Sep 09

Effort

#5 Apr 5, 2013
The first thing is to start slapping the elected clowns hands in all three houses reaching into the SS fund like some open cookie jar. Until that is done nothing changes.
cabin

East Stroudsburg, PA

#6 Apr 5, 2013
fistv wrote:
The first thing is to start slapping the elected clowns hands in all three houses reaching into the SS fund like some open cookie jar. Until that is done nothing changes.
So much for the 'lock box'!!! At least if it was 'privatized' the government could not bleed the system dry to 'ballance the budget'!

Since: Sep 09

Effort

#7 Apr 5, 2013
cabin wrote:
<quoted text>
So much for the 'lock box'!!! At least if it was 'privatized' the government could not bleed the system dry to 'ballance the budget'!
If it was privatized we'd end up with another Enron or AIG, That amount of money would draw too many to figure out a way to get at it.
I firmly believe that SS as well as medicare are necessary for those that have not had the ability to save for their own retirement and that would would be the lower income people and now the middle income people who worked for companies with retirement plans that vaporized once their CEO's and board members figured out how to grab those retirement funds and bankrupt the company.
I chose the military as my route to retirement, all it took was being willing to give that blank check to Uncle Sam up to and including my life if necessary.
When FDR started SS they figured that they would only ever have to pay out maybe 20% of what they took in then along came penicillin and a few dozen other drugs and treatments and that plan went out the window. My two grandmothers were the only two in a family of 20 that ever lived to collect a dime. My grandfathers, uncles, aunts, father and mother didn't get a dime out of it.
cabin

East Stroudsburg, PA

#8 Apr 5, 2013
fistv wrote:
<quoted text>
If it was privatized we'd end up with another Enron or AIG, That amount of money would draw too many to figure out a way to get at it.
I firmly believe that SS as well as medicare are necessary for those that have not had the ability to save for their own retirement and that would would be the lower income people and now the middle income people who worked for companies with retirement plans that vaporized once their CEO's and board members figured out how to grab those retirement funds and bankrupt the company.
I chose the military as my route to retirement, all it took was being willing to give that blank check to Uncle Sam up to and including my life if necessary.
When FDR started SS they figured that they would only ever have to pay out maybe 20% of what they took in then along came penicillin and a few dozen other drugs and treatments and that plan went out the window. My two grandmothers were the only two in a family of 20 that ever lived to collect a dime. My grandfathers, uncles, aunts, father and mother didn't get a dime out of it.
VS all those politicians trying to take it??? By the time congress and the president get done SS will be dead. Those who are counting on it will starve.
Larry

Bethel, VT

#9 Apr 6, 2013
Social Security funds were raided by LBJ. Payroll taxes collected are NOT held separately from the general fund. The money collected today goes right out to recipients. The rest is spent like all other taxes.

The only way to save SS is to raise the retirement age gradually to 70 years.

Ostupid's budget is also saying that IRAs cannot be more than $3 million. Dear Leader feels Americans don't need any more than that to retire on.
Willoughby2

Tobyhanna, PA

#10 Apr 7, 2013

Since: Jan 11

Location hidden

#11 Apr 7, 2013
cabin wrote:
<quoted text>
So you did not understand my post.
SS is NOT a general budget item!!
It is payed for by the 'payroll tax' NOT the income tax.
While I admit SS needs to be fixed (as do most republicans) it can not be used to balance the general budget. Any savings derived from changes in SS can NOT be counted as 'budget cuts' simply because it is not part of the budget to start with.
What part of that FACT has you confused?
Why do you always assume that my posts are a response to yours? I was just making a statement.
cabin

East Stroudsburg, PA

#12 Apr 8, 2013
slush wrote:
<quoted text>
Why do you always assume that my posts are a response to yours? I was just making a statement.
Random statements unrelated to a previous post?

Well that would explain why most of your post make no sense.
loose stool

Arlington, VA

#13 Apr 8, 2013
slush wrote:
<quoted text>Why do you always assume that my posts are a response to yours? I was just making a statement.
Not that I have a dog in this fight but your sheer ignorance infuriates others.
Not to mention the glib pomposity of your misspelled cretinous meanderings.
Larry

Bethel, VT

#14 Apr 8, 2013
loose stool wrote:
<quoted text>
Not that I have a dog in this fight but your sheer ignorance infuriates others.
Not to mention the glib pomposity of your misspelled cretinous meanderings.
Now you've lost her. Using words with three or more syllables is just going too far!

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