Greenspan asking for Social Security Cuts!!!

[moosmom]

Do you believe this jerk??? (I have ALWAYS hated politicians and he just adds icing to the cake). He asking Congress to vote in favor of cutting Social Security benefits!

Keep in mind that this will not only effect us baby boomers, but also any young people down the road who will eventually rely on Social Security. Not to mention, all the elderly people who NOW rely on it.

This buttwipe, who is living very comfortably and doesn't need the benefits of SS, obviously could care less about the little people who's survival is vital to their benefits they worked so hard for for so long.

*sigh* I'm sure I'm not the only one who feels this way. And I'm also sure that there are PLENTY of people both young and old, who will be sure to give this piece of $hit a piece of their mind. I just hope that Congress has enough sense to vote it down. Otherwise we're all in trouble!!

[2kitties]

I guess I have to say it never occurred to me even for a minute that social security would still be around when my turn comes. So, I am unfortunatly not surprised.

[mugsy]

He is asking that people making over a certain amount NOT receive Social Security benefits at all even if they've paid into their entire working life, so that people in need will be able to have it. He is also asking that retirement age be increased. They were talking about it on O'Reilly yesterday.

The baby boomers are going to be the group that break the Social Security program anyway. Like 2kitties, I just figured it would be wishful thinking that I would ever get Social Security. That's why I am so mad about my 403B because I don't have enough in it for my retirement. My Indiana state teacher's retirement fund isn't doing all that great either. Now, I'm in charge (a scary thought in itself) of my health insurance money that I will have after I retire (which at least I have, but, it's only good for so long) and some other sort of money that I have that I have no clue what exactly it is.

I think I'm going to wait and see how this thing plays out over the next week and see what ALL Greenspan is asking for. I always have to hear about 4 different versions before I ever even get a CLUE what the whole thing is about.

[momoffuzzyfaces]

Social Security was put into effect when my dad was a young man. He told me that at that time, they were told the money would be in an account for when they retired. ie: what they put in, they would get out. He never saw half of what he paid in.

As a person on SS disability, I really wish congress would find some other outlet for their energies. Why don't the make me believe they really care about us by refusing their big fat (unneeded) raises every year. Does anyone really need a 3 to 5 THOUSAND DOLLAR A YEAR RAISE?
They don't do anything to deserve it. Just figure out ways to make my life more difficult!

Besides, THEY were the ones who spent the SS surplus a while back!!!
Sure make us suffer because they can't budget!

[2kitties]

Social Security bugs me in first place. I'd prefer to be in charge of my own retirement. The idea that I need to give it to them for them to manage doesn't sit well with me.
I do a fine job planning for that part of my life without the govt.

[mugsy]

Social Security didn't even show up until 1935 and by 2018 the number of workers paying into the program will be smaller than those taking out. So, it's not looking good. Something's going to have to break....the scary part is, on the website below it says that, I think, 19% of people receiving Social Security depend solely on it for their retirement. That's NOT good.

Amazing how dependent we have become on the program in less than 70 years on the program.

2 kitties, I think I remember reading about this, the money we are paying in now is what is paying the benefits to the people who are receiving now, so, I guess that's why we don't have control over our own money....

Here's the website.

http://www.mysocialsecurity.org/quickfacts/

[ILoveReptiles]

I resent having to pay into Social Security when I know I won't see a dime of it back. I'm perfectly capable of managing my own finances and planning for my retirement without the government's help. They should stop taking that extra money and let me invest it in something that will actually give me a return in the long-term.

[2kitties]

^^^what she said^^^

[mugsy]

I didn't say that I didn't resent it, but, if they give us control of our money then people receiving money now won't be getting it anymore....at least that's the way I read it. I'm not sure what the answer is...hmmm....maybe if we come up with it we can get rich that way eh?

What did you guys think of that website...I thought it had some interesting trivia...stuff I didn't know. (oops...was I supposed to say that since I'm a U.S. History teacher? )

[momoffuzzyfaces]

Originally posted by mugsy
I didn't say that I didn't resent it, but, if they give us control of our money then people receiving money now won't be getting it anymore....at least that's the way I read it.

Well, I paid in for over 20 years!

My 401k was used waiting for my disability to come through because it was all I had to live on.
If they would stop giving benefits to illegal aliens that would help.

[mugsy]

Originally posted by momoffuzzyfaces

If they would stop giving benefits to illegal aliens that would help.

Boy is that the truth!! But, that's another thread entirely!

When I was listening to O'Reilly talk about it he was saying that he has paid into Social Security for years, but does not ever plan on drawing on the funds that he has put in, because there are those who need it and he doesn't. I THINK...again....a guess because I haven't heard enough on the subject yet...that's what Greenspan was trying to do by cutting benefits...but, I'll have to do more research first. But, Greenspan definitely has WAY too much power.

[catnapper]

Originally posted by momoffuzzyfaces
If they would stop giving benefits to illegal aliens that would help.

Hoorah! It would also be nice to stop giving them free housing, free food, free education, free - everything. Kick their lazy butts back to where they came from. If they want to be here so bad, then WORK and become a vital part of our society!

Hmph.

[trayi52]

My husband is disabled, and we live on that diability income. What the heck does this mean for us? Anybody know? Are they going to cut out our only source of income, which is Social Security benefits?

He can't work, and I have to stay home and take care of him.

[moosmom]

Hoorah! It would also be nice to stop giving them free housing, free food, free education, free - everything. Kick their lazy butts back to where they came from. If they want to be here so bad, then WORK and become a vital part of our society!

Hmph.

Catnapper, I'm with you!! In CT, they're trying to decide whether or not to give education at major colleges to children of illegal aliens! Some of the institutions have a policy that prohibits them from getting any benefits like that. What really burns my ass is the fact that while I'm unemployed and have absolutely NO benefits whatsoever, these illegal aliens are getting what is rightfully mine!! I'd LOVE to go to the doctor and have my heal spur removed, have a colonoscopy, OB-GYN exam, dental exam, etc., done, get food stamps, rental assistance, until I can find job (that too is a whole other thread)but can't because I don't have the benefits. These people (illegal aliens) make me sick!!

As far as the Social Security thing is concerned, I hadn't heard the whole picture on Greenspan's plan to give it only to people who need it and deny it to people who don't. And you're right, I think he has WAYYYY to much power.

[mugsy]

Don't take what I said as gospel...that's just how I understood it. I hope that's right.....don't kill me if I'm wrong.