Who caused all the social security problems?

[littlebuddy]

Sounds like only the Republicans can save the old people and future old people.

Q: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically Controlled House and Senate.

Q: Which Political Party eliminated the income tax Deduction for Social Security [[FICA) withholding?
A: The Democratic Party.

Q: Which Political Party started taxing Social Security annuities?
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US

Q: Which Political Party decided to start Giving annuity payments to immigrants?
A: That's right!
Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and at age 65,Began to receive Social Security payments! The Democratic Party gave these payments to them, Even though they never paid a dime into it!

Obama is just upholding the long traditions of the DEM party.

[MCP-001]

Sounds like only the Republicans can save the old people and future old people.

Q: Which Political Party took Social Security from the Independent 'Trust Fund' and put it into the General fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically Controlled House and Senate.

Q: Which Political Party eliminated the income tax Deduction for Social Security [[FICA) withholding?
A: The Democratic Party.

Q: Which Political Party started taxing Social Security annuities?
A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US

Q: Which Political Party decided to start Giving annuity payments to immigrants?
A: That's right!
Jimmy Carter and the Democratic Party.
Immigrants moved into this country, and at age 65,Began to receive Social Security payments! The Democratic Party gave these payments to them, Even though they never paid a dime into it!

Obama is just upholding the long traditions of the DEM party.

I have no problems bashing either political party when they screw up.

I do have a problem bashing them for the wrong reasons.

Not everything cited is correct.

[littlebuddy]

I found this at the Lansing State Journal site, I don't know if what was said is all true, partly true, or totally false, but I knew if I posted it here, people who do know would hash it out. But, if mostly true, I don't think the Rep. will save the day on this.

[1KielsonDrive]

There are only two main problems for Social Security: #1. Our congress spends the money that we pay in contributions to SS, on wars and on bailouts for everyone but us. It's like giving your money earned from your Kool-Aid stand to your mom and dad and they spend it on booze and drugs. The system is financially able to sustain itself, or very close to it. But the foxes are watching the chicken-coup. Which is the problem we have with our society as a whole. #2. If in fact there's a short fall in money contributed to SS, it can be easily remedied by small increases in contributions by those making over the present contribution ceiling of around $100 - $125,000.00. In other words those guys and gals making $20 Million per year, are paying the same as those making around $100,000.00 per year. Very fair, like everything else in our socialist society.

[gazhekwe]

Actually the REAL problems were caused by the postwar parents, who reproduced at such a great rate, they caused a huge baby boom. The boomers paid into SS at a high rate, making things seem just fine for decades. However, they failed to reproduce at the rate their parents did, so now, when they want to start collecting what they paid, there is a much smaller bunch of babies to pay into it. Now we have problems.

[Papasito]

Actually the REAL problem was letting the Government get into the retirement business.
The Government should not be in the retirement business, the farm business, professional sports, the health care business, or any other business. Thier job is to regulate and moderate, to create and enforce law.

Social Security is another shining example of why Government is failing the people.
Everything they touch turns to fail.

[rb336]

The real problem is that improved sanitation, nutrition and drugs are letting too many people live decades past 65!

[gazhekwe]

Papasito, you'd rather have the poorhouses back?

[littlebuddy]

Was SS intended only for the worst off in our society and not as THE retirement plan for everyone, or am I wrong? I don't think living healthly lifes and living longer is the real problem, but that we all want to live so independent that it is putting a strain on things. If only children and parents could get along and take care of each other. The Amish do it right.

[checkraisej]

Papasito, you'd rather have the poorhouses back?

Yes! Free jorts!

[Detroitej72]

The Amish do it right.

The Amish don't have the high costs of health care and prescription coverage.

[ghettopalmetto]

Was SS intended only for the worst off in our society and not as THE retirement plan for everyone, or am I wrong? I don't think living healthly lifes and living longer is the real problem, but that we all want to live so independent that it is putting a strain on things. If only children and parents could get along and take care of each other. The Amish do it right.

Social Security is an insurance program, not a retirement plan.

[Ray1936]

I got mine. Screw the rest of you.

[Meddle]

Who caused the problems?

More people having more kids and more people living longer. And of course, immigration.


The real problem is that improved sanitation, nutrition and drugs are letting too many people live decades past 65!

Yup.


Population control and population reduction are the keys.

[jiminnm]

In other words those guys and gals making $20 Million per year, are paying the same as those making around $100,000.00 per year. Very fair, like everything else in our socialist society.

Yes, and when each begins to receive s/s each will receive the same amount. If they paid more in, they would get more out [[which wouldn't help solve the problem).

[lpg]

I remember reading a article around 1980 that the Federal Government could not afford to repay the interest owed to the Social Security Trust Fund much less the principle.

[Detroitej72]

Who caused the problems?

The government, by borrowing the money, especially during the 80's, for wasteful spending.

[ghettopalmetto]

The government, by borrowing the money, especially during the 80's, for wasteful spending.

I'd have to agree. There's no reason we should be borrowing from Social Security to pay for tax cuts, buildup of nuclear weapons, and massive budget deficits.

[Detroitej72]

I'd have to agree. There's no reason we should be borrowing from Social Security to pay for tax cuts, buildup of nuclear weapons, and massive budget deficits.

Amen to that.

[oladub]

The Amish don't have the high costs of health care and prescription coverage.

Amish pay the same for health care and prescriptions as everyone else. They don't buy health insurance though. Their community chips in to pay large bills.

Back to Social Security-
Congress looted SS but we have only three choices to keep Social Security solvent-
1) Raise SS taxes
2) Cut benefits
3) Delay benefits

[oldredfordette]

Please cite instances of illegal immigrants who collect SS.

[Meddle]

Please cite instances of illegal immigrants who collect SS.

Who said anything about illegal immigrants? I mentioned immigration. Legal immigration adds to the population that will be eligible to draw SS. More immigration, more people working, more drawing SS someday.

The government, by borrowing the money, especially during the 80's, for wasteful spending.

The problem is more people and more people having more babies. More people means more people eligible to draw SS someday.

Then add in longevity. Initially you may have had thousands of people drawing SS for more than 10 or 15 years. Now you have many millions drawing it for 30 years or more as people retire in their 50s and 60s and live into their 90s.

It's like a giant ponzi scheme. those in earlier have a better chance of decent returns. Those in later as the number of participants increase, get squat.

Eventually the whole thing collapses. Nothing political about it, just mathematics.

[oldredfordette]

Beg pardon.

[lpg]

Amish pay the same for health care and prescriptions as everyone else. They don't buy health insurance though. Their community chips in to pay large bills.

Back to Social Security-
Congress looted SS but we have only three choices to keep Social Security solvent-
1) Raise SS taxes
2) Cut benefits
3) Delay benefits

and 4) Stop the looting of the trust fund.
or 5) eliminate Social Security and make everyone work till they die. Think of all the money the Gov't could waste then.

[Big Dog]

Remove the cap. Problem eased or gone.