Ron Paul sks to phaze out Soc Sec ? (Full Version)

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pahunkboy -> Ron Paul sks to phaze out Soc Sec ? (1/6/2008 7:09:03 AM)

What do YOU think the actions will be? A time line.  What reality do you expect on this topic?  Details please. Reach for a deep idea- other then broke. Thanks.




Termyn8or -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 7:43:41 AM)

Nothing in the Constitution says they owe you a living ever. Back when this was a Constitutional Republic, as it was meant to be, people saved up for their old age. Then the government took everybody's gold away, replacing it with paper money which they then devaluated to enrich themselves.

In other words, it should not be necessary.

I am going to stop right here because if I go on, ------------------

T




pahunkboy -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 8:45:12 AM)

Im not sure what it means to transition out,




GoddessDustyGold -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 1:42:05 PM)

quote:

ORIGINAL: pahunkboy

Im not sure what it means to transition out,


Well, basically it would mean that it just doesn't suddenly go away.  Those already receiving it would continue to receive it.  Other plans would be encouraged to allow the private population to invest on their own rather than depend on SS for their retirement.  It would no longer be a mandatory deduction. 
Those who have been paying in for certain amount of time, tbd, would continue to be eligible to draw certain benefits, albeit smaller since the deductions would stop.  It is a phasing out of a program that should never have been started.  But, admittedly, it is difficult to just stop everything, so there would be a gradual phasing out of the dependancy with alternative private retirement plans being encouraged.
Complicated and not that easy to discontinue since it has been going on for three to four generations now and people have become accustomed to it.  But it can and should be done. 
It is not, and never was intended to be, the purview of the federal or any level of government to provided for the people other than for extreme need.  And even then it would have been the intent to have that on a more private or local level.  Not a government level, federal or otherwise. 
It is important to realize that the Declaration of Independence as well as the Constitution (upon which spirit the US Consitution was based) was never meant to give this much power to government.  It was actually meant to place severe restrictions on the government with a system of checks and balances, so that we would never fall into the trap of entitlement we are in today while happlily handing over our personal power and freedom in exchange for a psuedo security. 
But here we are.... I am sure our founders are rolling over in their graves.




FatDomDaddy -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 3:30:53 PM)

I wish I could opt out today.




kdsub -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 4:06:19 PM)

I was born at a time where I have paid SS my whole life... the odds are I will never recover in benefits what I paid in... so no one is giving me anything... I did not have a choice about contributing either... so I want as much as my investment as I can get.

phase out my ass.

Butch




cyberdude611 -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 4:21:26 PM)

Everyone under 40 would opt out because everyone under 40 knows damn well that money wont be there when they retire thanks to the Baby Boomers.




GoddessDustyGold -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 5:27:34 PM)

quote:

ORIGINAL: kdsub

I was born at a time where I have paid SS my whole life... the odds are I will never recover in benefits what I paid in... so no one is giving me anything... I did not have a choice about contributing either... so I want as much as my investment as I can get.

phase out my ass.

Butch


I don't disagree with you Butch.  I am on the older spectrum and I had no choice.  Some (only a few, sad to say) of My generation did save and invest to well supplement the ss they will receive at retirement.  I don't know enough to figure out how this can be done, and I am sure some will fall short of the fairness stick, but it needs to be done.  And it can be done.
I have alway found it very facinating that federal employees (not sure about other levels of government) have not had to pay in to SS.  Apparently only the federal government's "special" retiremment plan is okay.  But the civilians (those who have worked in the private sector all their lives) are not counted as smart enough to figure out how to go about investing and saving so the governement decided to do it for us.  For our own security, of course.  *gag*




DollysSissyGirl -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 6:54:54 PM)

The writing has been on the wall for some time concerning social secuirty and the well being of individuals to take it upon themselves to provide for their own retirement. The two greatest examples of this are the introduction of the 401K allowing companies to ultimately pass the burden along to individual employess as opposed to having the responsibility to fund the ever growing burden of retirees via a pension. One glaring example of this is General Motors. Roughly $.35 of every dollar of GM's revenue goes to fund employees pensions, healthcare and dependent benefits. Out of that  $.35, seventy percent or roughly $.25 goes to employees who no longer are working or their dependents. This huge burden was created by General Motors and is the sole reason they will not have the ability to compete with the likes of Toyota and Honda for years to come if ever. Grouped into the same scenario would be Ford who recently lost the world's # 2 market share this week to Toyota. Less than 10% of all Fortune 500 companies in the US now offer a Pension Plan or Defined Benefit. That grim scenario is also that of Social Security which Goddess Dusty Gold rightly stated was never meant to be depended on as a sole source of income when introduced. The answer to social security for generations born in the sixties and on was introduced by the now deceased Senator Bill Roth of Delaware with the introduction of the ROTH IRA in 1998. As of 2006 the Roth IRA to exemplify as well as simplify its great benefits was introduced in the form of the Roth 401K. These two vehicles were created for the use of middle class Americans to enable them to have greater choices as well as flexibility and tax benefits. Unfortunately, all of these benefits are falling far short of expectations do to the US's negative savings rate of -1.2% as well the lack of knowledge in our country of financial responsibility. Combine this lack of knowledge with the litigious society we live in and it makes the perfect storm for chaos for many generations to come. As evidenced by the lack of utilization of the Roth the same seems the fate for Social Security proceeds. Ultimately, you would have some individuals fiscally responsible enough to save and then the majority of people who would not save and ultimately still look to our govt. for a bail out. Far from a simple solution but one that only gets worse if it is not addressed in the near future as the majority of baby boomers will be fully retired in the next ten years. I have attached an article by Fidelity stating facts below about AMerica's retirement plans. I readily admit that Fidelity being the largest financial institution in the US controlling IRA assets has a bias and a vested interest. The numbers speak for themselves. Thanks for allowing me to put my $.02 cents in here. After all is said and done that could have been a contribution to my IRA. Have a great day !

Regards,

sissy
http://finance.yahoo.com/focus-retirement/article/104108/Reluctant-Retirement-Savers-May-Be-Scared-Straight-by-These-Stats?mod=retirement-preparation




subfever -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 8:52:33 PM)

quote:

Ron Paul sks to phaze out Soc Sec ?


Ron Paul is the only candidate who both understands and is willing to openly discuss addressing the causes of what ails us, instead of addressing symptoms with bigger and better band-aids. He's the only one willing to stand up to the PTB. 




subfever -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 8:58:01 PM)

quote:

ORIGINAL: GoddessDustyGold

quote:

ORIGINAL: pahunkboy

Im not sure what it means to transition out,


Well, basically it would mean that it just doesn't suddenly go away.  Those already receiving it would continue to receive it.  Other plans would be encouraged to allow the private population to invest on their own rather than depend on SS for their retirement.  It would no longer be a mandatory deduction. 
Those who have been paying in for certain amount of time, tbd, would continue to be eligible to draw certain benefits, albeit smaller since the deductions would stop.  It is a phasing out of a program that should never have been started.  But, admittedly, it is difficult to just stop everything, so there would be a gradual phasing out of the dependancy with alternative private retirement plans being encouraged.
Complicated and not that easy to discontinue since it has been going on for three to four generations now and people have become accustomed to it.  But it can and should be done. 
It is not, and never was intended to be, the purview of the federal or any level of government to provided for the people other than for extreme need.  And even then it would have been the intent to have that on a more private or local level.  Not a government level, federal or otherwise. 
It is important to realize that the Declaration of Independence as well as the Constitution (upon which spirit the US Consitution was based) was never meant to give this much power to government.  It was actually meant to place severe restrictions on the government with a system of checks and balances, so that we would never fall into the trap of entitlement we are in today while happlily handing over our personal power and freedom in exchange for a psuedo security. 
But here we are.... I am sure our founders are rolling over in their graves.


It's nice to see you posting in Off Topics. I never realized how like-minded we are on some of these topics until recently. 




GoddessDustyGold -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 9:03:26 PM)

quote:

ORIGINAL: subfever

It's nice to see you posting in Off Topics. I never realized how like-minded we are on some of these topics until recently. 


Ah, sure and you did, darlin'!  You were just so enraptured by My beautiful and sultry voice on the telephone that you forgot to absorb My words!  *WEG*
Thank you for the beautiful Christmas "PPS."  I just opened it a few hours ago since I was out of town and out of touch for the last couple of weeks.




subfever -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 9:11:11 PM)

quote:

ORIGINAL: GoddessDustyGold

quote:

ORIGINAL: subfever

It's nice to see you posting in Off Topics. I never realized how like-minded we are on some of these topics until recently. 


Ah, sure and you did, darlin'!  You were just so enraptured by My beautiful and sultry voice on the telephone that you forgot to absorb My words!  *WEG*
Thank you for the beautiful Christmas "PPS."  I just opened it a few hours ago since I was out of town and out of touch for the last couple of weeks.


<sighs> and wishes she wasn't such a rabid devotee of M/s... [;)]




Termyn8or -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 9:23:23 PM)

Business 101, or maybe this is 102.

SS has never been mandatory, and you can opt out. However if you have been paying for years and years it isn't very smart to opt out, unless you really think it is going down.

Most US citizens have not the means to start nor the ability to sustain their own business, but if they did they could simply never pay. Let's not go into the income tax right now, let's get this straight.

Your employer takes out SS, and MATCHES it. If you do not get a W2 but get a W1099 instead, they want 15.2% from you, and that is off the gross, dedcuctions don't matter. But if you get a W2 you pay about 7% and your employer pays about 7%. Point something of course.

What you can get from SS is strictly based on what you paid in, except for SSI. Basically SSI is for people who worked so hard in their life that they would be getting about ten bucks a month. It is welfare plain and simple and I am against it. I am for a limited, effective welfare for all people, not a check for life. I am for government even, to go just a bit beyond the Constitution and help people. And that is a can of worms that should have stayed on the shelf. So not really. Sink or swim.

Assistance should be from the private sector, as much as I hate to agree with the repubican (that is NOT a misspelling) party. If I pay into SS they are supposed to keep and invest that money FOR ME, not some dreg who's strung out on drugs and finally has a coherent moment to fill out the papers.

Throw you a little story here. Personal life, I don't have cites or quotes but I got the actual people involved, and I almost wish I didn't. Friends are friends, but this was stretching.

Remember in the news about the two brothers who kept their Mother's body in storage for eight months, ostensibly to collect her SS check ? It made the news. That Woman was my Aunt. I know all about it.

First of all they are drunks, no question about it, and as far as the pot calling the kettle black, in comparison I am white. But the media reported that they did it for the Mother's SS checks, but that was not true.

The thing is that the Father was in the joint in Utah for some stupid shit he did and they had all moved back to Ohio. He went stomping off into a snowstorm, playing a mind game because they had an argument. They caught him somewhere out in the woods with a gun, which he is not supposed to have according to their law. This guy was a nut. He is alive now but he is properly medicated. You don't even want to know what this guy has done, what he put his family through.

The brothers are pretty much totally uneducated. The Father has a degree, in fact is a doctor who did not put forth a dissertation. That did not stop him from getting a pretty good job though. But there were times when he was a real prick. He fucked those kids up and now neither one of them can hold a job.

Well up they show at the door one day, minus Dad, nobody knew where he was. He wanted it that way. When they caught him they extradited him back to Utah to serve a couple years. In the meantime the rest of the family setup shop here in Ohio.

The olman is a flake, bigtime. They would keep him in the looney bin but for one thing, he knows psychology, he knows what answers will get him out of there, and they then let him go. This guy would then terrorize his family and annoy mine.

After the boys got busted for rolling Mom up in a rug, one did not get out, he was also extradited back to Utah. The younger one was in jail here facing felony charges for abuse of a corpse. He tried to kill himself in jail. He took the earpiece of his glasses and shoved it hard into his eye socket, causing muscle damage and rendering him crosseyed.

This was enough to get him SS, even though he had worked a whopping five years out of his thirty something on the planet. They fixed his eye and started writing checks for five hundred a month. He was adjudged incompetent though so he needed a payee. Guess who that was. My Father.

Now when you go up to a dictionary and look up old school there is a picture of my Father, and I think in the addendum there is a picture of my Grandfather. Being a payee is a pain in the ass, you have to account what money went for what and all that.

But many moons later, it was over. The kid's eyeball was fixed, using our tax dollars, or SS dollars. He was totally capable of working so as the payee, my Father called SS and told them to stop the payments period.

The olman gets maybe $1,200 a month, and they give this kid like $500 ? One worked for forty years and I am not sure if the other worked for forty fucking days. This was not my decision, I might have just made a deal, take the money but I get a cut, but not the olman. And they call me the Terminator. He terminated this kid's SS check, period. I mean he did not only take himself off as payee, but he actually also called SS and told them that the kid was no longer disabled. Which was true.

The reason the brothers put Mom into a rug is that the Dad was getting alot more from PERS, a private extension of government pension. Her check was peanuts. She might have been getting $500 a month, but the olman was getting over four times that. But after he pulled all his shit, she was his conservator, and his payee, much like SS, but it is PERS.

This whole fucking thing makes my head spin. All the opportunity this family had, and then to keep making the wrong choices again and again, they should starve to death. These are friends of the family for thirty plus years and I still say that. They are defective. If they had been executed when it was the right time they would be a fond memory.

So you see, when I talk about strong measures to take our country back, like mass executions or deportations, I am not just talking about you, I am talking about me. If someone proves to me that I do not have the right to be here, I will leave willingly.

We have to discard one notion first, and that is a toughie. That because you were born here you deserve to be here. We have to get that out of our heads completely. We need to tear down the Statue Of Liberty and put up a plaque that says "Send us your engineers, your workers, your best and most foreminded, the US is no longer a fucking dump".

Make it so you have to EARN your way here, that is how it was. People came here from many parts of Europe and the learned the language and got jobs. Subsequently they paid for their own houses, cars and everything else they used. There ws no check in the mail. They EARNED it. And for us to allow these shysters in government to give away the lagacy that the people who built this country accrued is wrong, even to the huddled masses of this state. To distribute the wealth based on need is contrary to the Constitution, it is that simple.

The government's job is not to redistribute wealth, but but each and every government in human history has fallen into that.If I were an Alaskan or Iraqi Citizen, I should get a check ? Fuck that.

My Parents snuck in here on a boat, dialed 911 and now since I am born here I get a check, this is bullshit. I don't know about anyone else, but I have a hard time accepting charity. I do not want it, and when I can't work anymore I intend to die. That is it.

I am a Polack, and of that I am proud, but not for myself. I can only be proud for myself of my own accomplishments. I have more true scientific knowledge than anyone here most likely. CL might kick my ass in algebra, but that is not the same thing. I am only proud of myself for what I have done, those who want to know some of the technical/reverse engineering hurdles I have solved, get me on the other side.

I am proud of what I have and I thank my Parents for giving me the BASIS of it. I did it myself. But even so, under what I see as the law of the land, I am not entitled to a check.

I had alot of interaction with my Grampa, and he taught me probably as much as my Father. This is irreplacable. Yes I do have pride, but not at the expense of anyone else. And I collect money every week, but I earn it and it is not at the expense of anyone else.

I will end this now and try to figure out who all I pissed off. Gonna roll one.

T




kdsub -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 9:23:45 PM)

The social security plan was never intended to replace personal savings. I was just to be a safety net for those who either did not save…could not save or like many lost all their saving in the market of the thirties.

The problem is all the money taken from the fund over the years by both parties and used for purposes not intended. I still think it is a viable idea if they were to separate it from welfare and lock the accounts and do not allow congress to borrow against it.

It would be feasible to fix... there just needs to be will... remember the democrats wanted to pay off the debt to social security but Bush refused to do it. If they had SS would not be in the trouble it is today.
Butch




Termyn8or -> RE: Ron Paul sks to phaze out Soc Sec ? (1/6/2008 9:32:09 PM)

Oh wait KD, they want to privatize it ! Wouldn't that be great ?

T




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