Market MoverFIXING the Economy Via So...

Market MoverFIXING the Economy Via Social Security Reform

There are 11 comments on the American Reporter story from Jun 30, 2012, titled Market MoverFIXING the Economy Via Social Security Reform. In it, American Reporter reports that:

Market Mover FIXING THE ECONOMY VIA SOCIAL SECURITY REFORM by Mark Scheinbaum American Reporter Correspondent Albuquerque, N.M. April 6, 2009 Perhaps we should focus upon entirely new ideas and models instead of repairing financial structures and infrastructures that have failed the industrialized world miserably in the past decade or two.

Join the discussion below, or Read more at American Reporter.

Since: Dec 10

Albuquerque

#1 Jun 30, 2012
Social Security is the least of our problems. There are other far more pressing issues that can't wait.

The wealthy are worried because they can see a time when they may have to start paying an equal percentage of their income. But there aren't enough of them to make a big difference in the voting booth, so they have to get a large percentage of the rest of us riled up.

They already owe us $16,000,000,000,000.00. Every year that goes by without a tax increase on the wealthy (who are paying a tiny percentage of what they did in the 1950s) is only going to make it worse. How about we get that $16T+ debt figured out before the Chinese raise the interest rate we're paying them on it? Social Security can wait.
youhaveto

Saltville, VA

#2 Jul 2, 2012
porn ruined the economy because God hates us now..
reform

Santa Fe, NM

#3 Jul 2, 2012
If they would get all the non-citizens and double dipping welfare cheats off SSI, all the phonies off SSDI and just reform SS to what the original intention as a retirement income for people that PAY into the system. Then SS would be intact. My SS is based on what I put INTO it, not based on income I don't get like SSI. That's what welfare, food stamps, medicare etc is for. Medicare is a joke, pay 100.00 a month for basic Dr care, 20% co-pay, no dental, no glasses, prescriptions if you pay extra. Medicaid that is mainly used by freeloaders is no premium, no co-pay, dental, glasses and prescriptions. What population needs dental and glasses more, the retired elderly paying into the system, pays for medicare, or the welfare bunch on medicaid rotting their teeth drinking soda and eating twinkies ? Does not make sense.
Are

Huntsville, AL

#4 Jul 2, 2012
reform wrote:
.
you dumb enough to believe that? Apparently so.
lolol

Santa Fe, NM

#5 Jul 2, 2012
Are wrote:
<quoted text>
you dumb enough to believe that? Apparently so.
.
yup I do you welfare moochin santyghey fruitcake

Since: Dec 10

Albuquerque

#6 Jul 2, 2012
reform wrote:
If they would get all the non-citizens and double dipping welfare cheats off SSI, all the phonies off SSDI and just reform SS to what the original intention as a retirement income for people that PAY into the system. Then SS would be intact. My SS is based on what I put INTO it, not based on income I don't get like SSI. That's what welfare, food stamps, medicare etc is for. Medicare is a joke, pay 100.00 a month for basic Dr care, 20% co-pay, no dental, no glasses, prescriptions if you pay extra. Medicaid that is mainly used by freeloaders is no premium, no co-pay, dental, glasses and prescriptions. What population needs dental and glasses more, the retired elderly paying into the system, pays for medicare, or the welfare bunch on medicaid rotting their teeth drinking soda and eating twinkies ? Does not make sense.
LIke most other Foxnuts, you're blaming the wrong crowd. Poor people don't ruin countries...rich people do. Look it up.
points

Santa Fe, NM

#7 Jul 2, 2012
walterfm wrote:
<quoted text>
LIke most other Foxnuts, you're blaming the wrong crowd. Poor people don't ruin countries...rich people do. Look it up.
.
Point is so many people taking from SS that contributed nothing. For them (da po folks) they have welfare for cash, food stamps for food, section 8 for housing, medicaid for healthcare. Why then can they also get SSI reducing funds for people that contributed 30-40 years into it ? You won't find your 'rich' folks getting SSI.

“US Navy”

Since: Jan 10

Location hidden

#8 Jul 2, 2012
walterfm wrote:
<quoted text>
LIke most other Foxnuts, you're blaming the wrong crowd. Poor people don't ruin countries...rich people do. Look it up.
Since its unlikely the poor have the ability, time or inclination to write a book and since fewer still would have access to a publisher, your assertion is MOST suspect. The rich most likely would not be writing books dissing themselves.

Having said that, the rich certainly have an impact upon a society, some good some bad, and so do the poor. That's the nature of a society, always has been, always will be, unless you believe in some manner of supreme being perhaps.
These are People

Fort Worth, TX

#9 Jul 2, 2012
Points if you think it is bad that people that didn't contribute are collecting Social Security, I wonder how you would feel in my shoes.

Although I have paid the required quarters to collect social security I have approximately 60 percent reduced from mine because I am drawing a government retirement. The ones that this applies to are those that have worked long enough in social security paid work to qualify for it which means we did not work that many years in Government service so therefore draw a smaller retrement.

Although my husband and I have been married over 50 years and he has paid into it since about the age of 16, I can also not draw on his because of my retirement. However, he could have divorced me a few years back and been married to someone else for 10 years and they would qualify to draw on his.
If my husband dies before me, I will still not be able to collect on his.

So if you feel it is bad that you are paying for some that did not earn it, then think of those of us that did earn it and still cannot collect it. By the way, regardless of it all, it is a great system and I still want our country to keep it.
woww

Santa Fe, NM

#10 Jul 2, 2012
These are People wrote:
Points if you think it is bad that people that didn't contribute are collecting Social Security, I wonder how you would feel in my shoes.
Although I have paid the required quarters to collect social security I have approximately 60 percent reduced from mine because I am drawing a government retirement. The ones that this applies to are those that have worked long enough in social security paid work to qualify for it which means we did not work that many years in Government service so therefore draw a smaller retrement.
Although my husband and I have been married over 50 years and he has paid into it since about the age of 16, I can also not draw on his because of my retirement. However, he could have divorced me a few years back and been married to someone else for 10 years and they would qualify to draw on his.
If my husband dies before me, I will still not be able to collect on his.
So if you feel it is bad that you are paying for some that did not earn it, then think of those of us that did earn it and still cannot collect it. By the way, regardless of it all, it is a great system and I still want our country to keep it.
.
I hear that people are doubledipping federal benefits all the time, this is the first I have heard that they do not allow it amongst multiple federal programs. I worked in govt. work that paid into a public employee retirement account but did not have FICA witheld. That was over 30yrs ago and I don't know if govt. employees are required to pay into both FICA and public retirement now.
These are People

Fort Worth, TX

#11 Jul 2, 2012
Woww: What I am speaking of only applies to those of us under the old Civil Service Retirement System. If you have only worked Civil Service under the old system and have NOT completed the required years paying into SS (usually with other employment) then you would draw NO SS.

Before about 1985 this rule was not in effect. Before that time under the old system if you had worked both government work (in which you did not pay into SS) but also worked the required years at other employment paying into SS then you would draw SS with no penalty. There is also an exception for those that have worked both government without paying into SS, but have worked other employment paying into the SS fund for a longer period which I believe is 30 years or more. These employees also draw full SS with no penalty.

After the change which I said I believe was about 1985, then employees hired after that date are now paying into SS and do collect with no problem. When the change came about employees are now under the FERS system; they do now pay into SS and qualify with no penalty.

So the rule I am caught under only applies to those of us under the old retirement system (CSRS) who retired after about the year 1985.

Another strange thing if a person caught under this rule keeps working and doesn't retire when they reach the age to receive SS, they can keep working and draw both their full salaty and full SS. It only goes into effect after they retire as it applies to those drawing a pension. So many of my friends worked well into their 70's and possibly longer.

So as I stated, I have the required years that I paid into SS to qualify for my SS with no penalty--if I did not have my government pension.

Crazy rule. Although I certainly don't like it, I still would not want our government to do away with Social Security.

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