Campaigning in Florida, Pawlenty take...

Campaigning in Florida, Pawlenty takes on Social Security costs

There are 8 comments on the TwinCities.com story from May 24, 2011, titled Campaigning in Florida, Pawlenty takes on Social Security costs. In it, TwinCities.com reports that:

CORAL GABLES, Fla. - Deep in senior-rich Florida, Republican presidential candidate Tim Pawlenty called Tuesday for fundamental changes in Social Security and other entitlement programs he said are not sustainable in their current form Pawlenty, a former Minnesota governor positioning himself as the GOP race's blunt talker, said in a Facebook town ...

Join the discussion below, or Read more at TwinCities.com.

Gloria

Minneapolis, MN

#1 May 24, 2011
I love that politicians who are already wealthy and don't need to worry about their futures are the first to want to end Social Security. Today's Tea Party is yesterday's Nazi Party.
Jerry

Minneapolis, MN

#2 May 25, 2011
Pawlenty chose to quit rather than be fired as Gov of MN. Sound familiar? Thus, we need to look him square in the eye and tell him he lacks what it takes to do the job. There are people who are "a better fit" for the available positions.
print more money

Minneapolis, MN

#3 May 25, 2011
Chile's Private Social Security System Turns 30

May Day socialists' paean to class warfare evokes memories of Soviet tanks in Red Square and leftist radicals rioting. But Chile celebrates the actual empowerment of workers.

May 1 marks the 30 years since Chile became the first nation to privatize its social security system. By turning workers into investors, the move solved an entitlement crisis much like the one America faces today.

"I like symbols, so I chose May Day as the birth date of Chile's 'ownership society' that allowed every worker to become a small capitalist," wrote Jose Pinera, former secretary of labor and social security and the architect of this pension revolution. He is now a senior fellow at the Cato Institute in Washington, D.C.

(Excerpt)

http://www.investors.com/NewsAndAnalysis/Arti...

From the article:

"In 2005, New York Times reporter John Tierney worked out his own Social Security contributions on the Chilean model and found that his privatized pension would have been $53,000 a year plus a one-time payout of $223,000. The same contributions paid into Social Security would have paid him $18,000."

Plus his heirs would keep whatever was left in his fund after he died.

Now if anybody proposed replacing our present Ponzi scheme with the Chilean system, they'd be demagoged to death for trying to "destroy Social Security".

If Chile can make this work, there is no reason we can't.

twilightbj

Ava, MO

#4 May 25, 2011
What we tend to forget is that Social Security is NOT a welfare program...I paid into the system all my working days,,, I counted on SS to help me when I retired..My grandparents lived in a berry shed ... no heat--no running water--no nothing...they had no Social Security and lived on what their children could spare from their families... Republicans would like us to go back to that... the republicans are attempting to bankrupt America and rebuild it in the shape of a Dictatorship... Starve the people and they will work for a crust of bread...Make congress pay into social security and you will see it become the best program the world has ever seen.
twilightbj

Ava, MO

#5 May 25, 2011
What we tend to forget...Social Security is NOT A WELFARE PROGRAM......... Most workers pay into the system every time they get a paycheck. The republicans want to bankrupt America and rebuild it in the Nazi image...a dictatorship where people are kept hungry and will work for a crust of bread.
Anyone who works for a living and votes republican should have their head examined...
Workers who do not pay into the SS system pay into a Pension program where the money is put into the stock market where all the good big republicans can get their hands on the money and make a bundle for themselves....all the while they are telling the people how stupid Americans are....Make everyone pay into SS and you will see the best program in the whole wide world...
tom

Faribault, MN

#6 May 25, 2011
I am all for massive cuts to government spending. I am concerned about any cut to SS.

My brother right out of high school joined the Marines. He did 4 years got out went to work at a factory. At age 40 he started feeling ill,he went to the Doc and found out he has this rare genetic disorder.. He has had to go on SS disability and he needs $1000 a month in meds and close to that on average in other medical exspenses.....I just hope the GOP isnt talking about cutting him off it would kill him(literally) and destroy his family
Just Thinking

De Witt, IA

#7 May 25, 2011
Sure, I am a SS recipient already, and not among those that would be hurt by any cut in benefits to "high income" SS recipients, but I do agree the all entitlements need to be addressed - pronto. Tpaw has his faults (as do all candidates), but he has the intestinal fortitude (which may be the same as political suicide in his case) to take critical fiscal (but politically unpopular) positions like entitlements. Sure wish the other politicos (beyond Paul Ryan) would do likewise.
Reality

Valley Center, CA

#8 May 27, 2011
The easiest way to fix social security is to remove the limit on social security taxes. Currently anything that a person makes over $106,400 is free from social security.

Removing this "cap" would give social security a big financial boost.

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