Social Security - The Fed's Ponzi Scheme

[HairOfTheDog]

Republican GOP Candidate Mitt Romney's take on the Social Security issue as of 9/21/11




While laying out his plan to reform the entitlement program Wednesday, the former Massachusetts governor criticized what he sees as a nonexistent plan from the president and an unfeasible plan proposed by Texas Gov. Perry.

"So those are the three models, one is the president's, which is to say something needs to happen but I'm not willing to tell you anything about how to do it, number two is that of Gov. Perry that says, look send it back to the states," Romney said at a town hall in Miami. "And number three is the plan I proposed, which is to say look, we're not going to raise taxes, we're going to slow the rate of inflation down and in calculating the benefit of high income Social Security recipients and overtime we'll increase the retirement age by a modest amount."


Snipped from:
http://politicalticker.blogs.cnn.com/201...hpt=po_bn1

[Cracker]

He looks mildly humpable. hmm. I never noticed his chiseled features and manly chin. He needs to get control of those eyebrows now, though.

[IMaDick]

He needs to eat shit and die if he thinks making me work longer will get his ass in the whitehouse.

[HairOfTheDog]

He looks mildly humpable. hmm. I never noticed his chiseled features and manly chin. He needs to get control of those eyebrows now, though.

He is a handsome man. But, he's someone who adapts his style, words and attitude to be appealing to the large numbers of people in order to accomplish his goals. Nature of the beast for politics I guess. Men that exude an edginess or quirk (whether or not it appeals to the masses) stand out more quickly as sexy, to me.

Still don't know how who I'll be voting for in 2012. I do know that I prefer the idea of turning SS over to the states than buying into Romney's plan that he'll keep it at the Federal level and simply lower inflation (like that is easily done without other repercussions) and slightly raise the qualifiying age. Presto, problem resolved. Not enough meat there for me to buy into his plan as its currently been defined.

Honestly, I preferred Cain's plan over the others. Cain is not someone I would vote for in 2012 for a number of reasons. But, his proposal to personalize or privatize retirement/SS contributions makes the most sense to me. There would have to be some transtion framework and detailed planning for those that have already paid into the governmental SS plan for years, but the concept is more viable than leaving retirement investment/planning to government, imo

[HairOfTheDog]

He needs to eat shit and die if he thinks making me work longer will get his ass in the whitehouse.

I hear what you're saying and I agree.

But, I do think that part of what makes the current SS program unsustainable moving forward is the fact that people live longer than they did when SS was first implemented. There are other problems too, of course. But, a fundamental challenge to the current program is that SS recipients are expected to live and draw benefits for a much longer time than was the case under FDR. So, it's pay for the same number of years (unless you raise the qualifying age), but benefit for 5 to 8 years longer than the program originally intended. I don't see how it can't work fiscally.

The program must change for the sake of younger and middle-aged workers, imo. Without changes, the well will run dry. I think, however, that people who have already been paying for a certain number of advanced years or have already reached a certain age should not be disadvantage by any future changes to the program. There needs to be a fair transition strategy from the existing program to the new program, whatever the new program entails.

[IMaDick]

He needs to eat shit and die if he thinks making me work longer will get his ass in the whitehouse.

I hear what you're saying and I agree.

But, I do think that part of what makes the current SS program unsustainable moving forward is the fact that people live longer than they did when SS was first implemented. There are other problems too, of course. But, a fundamental challenge to the current program is that SS recipients are expected to live and draw benefits for a much longer time than was the case under FDR. So, it's pay for the same number of years (unless you raise the qualifying age), but benefit for 5 to 8 years longer than the program originally intended. I don't see how it can't work fiscally.

The program must change for the sake of younger and middle-aged workers, imo. Without changes, the well will run dry. I think, however, that people who have already been paying for a certain number of advanced years or have already reached a certain age should not be disadvantage by any future changes to the program. There needs to be a fair transition strategy from the existing program to the new program, whatever the new program entails.

That's stupid, I don't think the plan included caveats for if you live longer.

It's all just a way for them to hide the money they stole from the plan.

It's a way for them to screw you, they know it doesn't matter 4 years and they get a full retirement paid directly from you also.

These fuckers need to stop fucking with the little guys.

and people like you need to stop fucking acting like you know anything about anything, what you're saying is it's ok to steal every working americans money and then give us an extra 5 years on the rock pile.

fuck that, they did the crime let them do their own time.

[username]

These fuckers need to stop fucking with the little guys.

and people like you need to stop fucking acting like you know anything about anything, what you're saying is it's ok to steal every working americans money and then give us an extra 5 years on the rock pile.

fuck that, they did the crime let them do their own time.

Spoken like a true "little guy" who is relying on social security.

Yes, go work 5 more years on the rock pile. If you're dumb enough to think that s.s. will carry you through your retirement years, you ought to be working the rock pile.

[HairOfTheDog]

He needs to eat shit and die if he thinks making me work longer will get his ass in the whitehouse.

I hear what you're saying and I agree.

But, I do think that part of what makes the current SS program unsustainable moving forward is the fact that people live longer than they did when SS was first implemented. There are other problems too, of course. But, a fundamental challenge to the current program is that SS recipients are expected to live and draw benefits for a much longer time than was the case under FDR. So, it's pay for the same number of years (unless you raise the qualifying age), but benefit for 5 to 8 years longer than the program originally intended. I don't see how it can't work fiscally.

The program must change for the sake of younger and middle-aged workers, imo. Without changes, the well will run dry. I think, however, that people who have already been paying for a certain number of advanced years or have already reached a certain age should not be disadvantage by any future changes to the program. There needs to be a fair transition strategy from the existing program to the new program, whatever the new program entails.

That's stupid, I don't think the plan included caveats for if you live longer.

It's all just a way for them to hide the money they stole from the plan.

It's a way for them to screw you, they know it doesn't matter 4 years and they get a full retirement paid directly from you also.

These fuckers need to stop fucking with the little guys.

and people like you need to stop fucking acting like you know anything about anything, what you're saying is it's ok to steal every working americans money and then give us an extra 5 years on the rock pile.

fuck that, they did the crime let them do their own time.

You make absolutely no sense Dick. You're calling my reasoning stupid and agreeing with it at the same time. Either you think I'm as stupid as you (shudder), or you don't comprehend well.

I said the original plan did not take into account that the average life span would increase dramatically. You call that stupid because it agrees with your reasoning that the original plan didn't offer any caveats for those that would be longer than expected. Hello, dickshine, same concept.

I believe you have to adapt the program to the current situation. Lower birthrates (fewer people paying into the pot) and longer lifespans (current recipients drawing from the pot for longer than planned) = a problem. The program needs to be changed. In so doing, those that are currently drawing benefits or have been paying into the program for years and are closer to the original retirement age should not be disadvantaged by upcoming changes. That means you would not likely be negatively impacted by a change in any way. But, keep whining...

I'm not an expert on the subject. But, at least I know whether I am agreeing or disagreeing with someone before I post. So, make your point or STFU.

P.s.
I posted upthread, I think future retirement contributions should be personalized or privatized. The government should not be in charge of retirement planning and investments. Then, the risk of robbing Peter to pay Paul is minimized if you manage your investment and broker wisely. Maybe that's different than your thinking and something you're actually qualified to debate.

[IMaDick]

These fuckers need to stop fucking with the little guys.

and people like you need to stop fucking acting like you know anything about anything, what you're saying is it's ok to steal every working americans money and then give us an extra 5 years on the rock pile.

fuck that, they did the crime let them do their own time.

Spoken like a true "little guy" who is relying on social security.

Yes, go work 5 more years on the rock pile. If you're dumb enough to think that s.s. will carry you through your retirement years, you ought to be working the rock pile.

I have a retirement, SS is a bonus, but something I have paid into for 37 years, if I was living in the time when my dad retired I could retire next year, but since SS became a private piggy bank for the criminally elected, I have to wait 8 more years for partial benefits and 11 for full benefits where it is now and now they want me to do more years to collect?

Young and dumb just don't cut it when it comes to understanding this shit.

[Cracker]

The world has changed a lot over the last 30 years. More businesses offered retirement plans. Things cost less. Not just less in actual money, but in comparison to average income. People had more money to throw around. Now people are afraid they won't be able to eat when they retire.

Because they send out Social Secuity statements every year, people tend to think they have an "account" with their name on it full of money they contributed. We are just starting to figure out that this just isn't the case. And there is no way to get a refund on the money you contributed so far.

I would like a full refund right now so I can invest it myself. Who do I need to call about that? I have been working full-time for 30 years. I have to work another 25 before I can get Social Security. That is 55 years' worth of investing. Since nobody asked me if I wanted to pay it, surely there is no shame in wanting to collect it. Am I a douche for making non-voluntary contributions? No more than any other working stiff. Did I count on just that money being there? No, I have a retirement, but I should still get that money back or at least not have to put any more in...

[IMaDick]

Cracker, were just selfish assholes who don't want to spend any more years working so these young and dumb fuckers can get their SS that they are paying into, and so that those who didn't pay in one fucking cent can get theirs.

We should be on the carousel and stop fucking using all of the natural resources and air that these stupid children need.

I get pissed listening to them whine and think that the government is trying to save us, when the government is the one who stole the money out of SS in the first place. It's a planned crisis it's a planned robbery and it's always us tht has to pay more and get less.

Like I said let those who done the crime do the time, they need to cut all of their benefits to the same level as the rest of us.



and the sad shit is that they are still doing it today and the blind mellons of today don't even see it.

[HairOfTheDog]

I would like to cash out as well. No interest required. Just give me everything I've contributed for 25 years and let me invest it. Sad thing is, we know there are many more who would like to do the same but the government can't write us a refund check when the money has been distributed elsewhere. That's why I consider SS a key issue. We're not getting refund checks. We don't have any viable 2012 candidates that are proposing privatization. We've got Romney advocating reform of the Federal program, and Perry saying transfer the responsibility to the states.

Maybe the candidates should call 1-800-Ima-Dick. He seems to have this shit all figured out as the single most viloated victim in all of the land.

[Cracker]

I want my SSDI back, too. It isn't real "insurance," we HAVE to pay it so the tards can have McDonald's. I want that money back, too. I have my own disability insurance. I wouldn't reinvest that money, either. I would buy a house in the woods and go off the grid. I would try to grow a beard somewhere else on my body and live off turnips. Fuck all the rest of you.

If you never receive disabillity, you never get that money, do you? What the fuck? We really ARE paying for tards to have McDonald's.

[IMaDick]

I would like to cash out as well. No interest required. Just give me everything I've contributed for 25 years and let me invest it. Sad thing is, we know there are many more who would like to do the same but the government can't write us a refund check when the money has been distributed elsewhere. That's why I consider SS a key issue. We're not getting refund checks. We don't have any viable 2012 candidates that are proposing privatization. We've got Romney advocating reform of the Federal program, and Perry saying transfer the responsibility to the states.

Maybe the candidates should call 1-800-Ima-Dick. He seems to have this shit all figured out as the single most viloated victim in all of the land.

It appears you started your post with the self directed word "I" also.

Are you retarded or what?

[HairOfTheDog]

It appears you started your post with the self directed word "I" also.

Are you retarded or what?

Yes, Dick. I am retarded and you are a genius. Your ability to look at any issue from a perspective outside of you and you alone is unbelievable. Truly, defies belief. As such, I concede. It would be impossible for us to have any productive exchange regarding this subject given the vast difference in our intellectual capabilities.

The legend continues...

[Cracker]

If we privatize Social Security, who pays for all the people who have never worked a day in their life? Or for the people too fat to work? Or too drunk to work? Or too crazy to work? I bet those fuckers would find jobs.

This is evil, but I don't think we should pay Social Security benefits to spouses who were housewives/househusbands. Tough shit for you. You are used to "two can live as cheaply as one." Stick to it until you croak.

[Cracker]

Yes, Dick. I am retarded and you are a genius.

If you are wanting McDonald's, forget it.

[HairOfTheDog]

Cracker: If we privatize Social Security, who pays for all the people who have never worked a day in their life? Or for the people too fat to work? Or too drunk to work? Or too crazy to work? I bet those fuckers would find jobs.

Hair: I agree with this point. Take away the pay-off for doing nothing and people will generally do something. I feel the same way about welfare mothers. Quit paying money for each baby and those that have turned baby-making into their sole income source will stop reproducing year after year.

Cracker: This is evil, but I don't think we should pay Social Security benefits to spouses who were housewives/househusbands. Tough shit for you. You are used to "two can live as cheaply as one." Stick to it until you croak.

Hair: If a spouse dies and still has money in his/her retirement account (whether it be SS, 401k or private investment), I think it should go to the surviving spouse or child(ren). It was money the deceased person worked for and contributed out of his/her earnings, no way should the government or the investment company get to snag the money. imo. While both spouses are still living, I can see not issuing a spousal SS check when the younger reaches the minimum age - one check per household.

[Duchess]

While both spouses are still living, I can see not issuing a spousal SS check when the younger reaches the minimum age - one check per household.

Bwahahaha! Fuck that one check per household. Why shouldn't she get a spousal SS check?

[Duchess]

Oops, I should have included Cracker's comment in that quote too.

Any woman who has spent her entire life raising productive, responsible human beings & has managed a home is as deserving of that money as all of us that went out and made our own way in the world...Period.