Re: Social Security and Medicare
[Re: Steven 49er]
#7347929
09/04/21 07:47 PM
09/04/21 07:47 PM
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Joined: Feb 2013
Posts: 2,805 WI
WIMarshRAT
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There are only a couple ways to fix it. Raise taxes or cut payments. Or I suppose print money although that is the same as a tax.
Me, I say make the cuts and faze it out.
I wonder how you phase it out? I would waive my claim if they would allow me to keep 75% that I now pay in. I wonder if the gov would take that deal?
Life isn't about waiting for the storm to pass...it's about learning to dance in the rain!
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Re: Social Security and Medicare
[Re: WIMarshRAT]
#7347944
09/04/21 08:05 PM
09/04/21 08:05 PM
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Mark June
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Mark June
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There are only a couple ways to fix it. Raise taxes or cut payments. Or I suppose print money although that is the same as a tax.
Me, I say make the cuts and faze it out.
I wonder how you phase it out? I would waive my claim if they would allow me to keep 75% that I now pay in. I wonder if the gov would take that deal? Welcome to the Hotel California WIMarshRAT; Mirrors on the ceiling, The pink champagne on ice And she said "We are all just prisoners here, of our own device" And in the master's chambers, They gathered for the feast They stab it with their steely knives, But they just can't kill the beast Last thing I remember, I was Running for the door I had to find the passage back To the place I was before "Relax, " said the night man, We are programmed to receive. You can check-out any time you like, But you can never leave! "
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Re: Social Security and Medicare
[Re: Feedinggrounds]
#7347947
09/04/21 08:07 PM
09/04/21 08:07 PM
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Joined: Oct 2018
Posts: 5,570 Dunbar, Wisconsin
Pike River
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Posts: 5,570
Dunbar, Wisconsin
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I have seen the deductions, week after week year after year, every paycheck. To cut payments or raise the retirement age is just a robbery! Go ahead stop all disability, stop all Social Security, buy me out what I have paid in...I'll take care of myself. Needs to be more oversight of disability checks, and a easy way to report disability fraud, obviously there is a massive amount. There is an easy way to report. Google your states OIG hotline or SSI fraud hotline. If you want to know more about the Fraud Incentive Program, call 1-855-MI FRAUD (643-7283) or report online.
Last edited by Pike River; 09/04/21 08:08 PM.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348032
09/04/21 10:32 PM
09/04/21 10:32 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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We are already in over our heads.
I'm all for any fix that doesn't punish future generations.
That only leaves one.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348111
09/05/21 05:36 AM
09/05/21 05:36 AM
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Joined: Sep 2010
Posts: 2,785 Northern lower Michigan
Feedinggrounds
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We can also redirect money, crooks in Washington do it all the time. Fund Social Security and clip spending somewhere else.
you're only allowed so many sunrises... I aim to see every one of them!
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348145
09/05/21 07:28 AM
09/05/21 07:28 AM
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Mark June
Unregistered
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Mark June
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With all the "help wanted" signs in businesses across this land politicians are no doubt already considering ways to get grandma and grandpa off the couch and away from their cannabis get-a-way weekends, and their TicToc tournaments and video games and back to work.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348162
09/05/21 07:44 AM
09/05/21 07:44 AM
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Joined: Dec 2006
Posts: 20,078 SEPA
Lugnut
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I've been hearing the same gloom and doom bullcrap about SS running out of money for about fifty years now.
Eh...wot?
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Re: Social Security and Medicare
[Re: Garryowen]
#7348173
09/05/21 07:48 AM
09/05/21 07:48 AM
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Joined: Nov 2010
Posts: 579 Iowa
beeman
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I'm surprised no-one brought up about paying Social Security to illegal immigrants that have not paid a dime into it. When SS was first started a person had to work ten years to receive it.
Garryowen Listed below from ssa.gov is an article of what it takes for non citizens to be eligible to collect SSI benefits. https://www.ssa.gov/ssi/spotlights/spot-non-citizens.htm
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348236
09/05/21 09:18 AM
09/05/21 09:18 AM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
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Your always going to be responsible for the irresponsible people in our society if you like it or not and people use that to live on their whole life knowing they can work the system to their advantage. Some people feel they won the lottery by getting on disability and will never have to work again.
What it takes to qualify for SS compared to what you can get out of it is enormous it needs to be revamped to be self paying again.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Social Security and Medicare
[Re: Lugnut]
#7348239
09/05/21 09:21 AM
09/05/21 09:21 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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I've been hearing the same gloom and doom bullcrap about SS running out of money for about fifty years now.
And it would have except for some "fixes" enacted. Of course, those "fixes" punished future generations. Like raising the tax rates and increasing the full retirement age. They also changed the way inflation was calculated which in effect lowered COLA increases.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348243
09/05/21 09:22 AM
09/05/21 09:22 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Jerry, at the rate we are going the government will be unable to borrow or print money. It's going to make people responsible real quick like.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348249
09/05/21 09:30 AM
09/05/21 09:30 AM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
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If the cost of living rate has been going up why would the SS tax rate not go along with it then? If the money runs out who’s the real loser then the ones that paid in for all those years or the ones that paid in less dollar wise?
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348253
09/05/21 09:35 AM
09/05/21 09:35 AM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
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You have old folks eating cat food not enough being paid in and not enough being paid out you yourself said a solution is to increase the tax rate, fix it at both ends then.
My thing is they keep saying it will fail but who is doing anything about it then, is that not exactly what we send people to DC to do just that!
Last edited by Law Dog; 09/05/21 09:35 AM.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348261
09/05/21 09:43 AM
09/05/21 09:43 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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Why should the tax rate go up?
Ideally, the economy should grow, thus increasing tax revenue. If a program has to continue raising tax rates to self sustain the logical conclusion is eventually the tax rate will be 100 percent.
If the money runs out the "real loser" will be those who are drawing.
If taxes or debt creation is used as a fix the loser will be the younger generations.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348273
09/05/21 09:54 AM
09/05/21 09:54 AM
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Joined: Sep 2010
Posts: 2,785 Northern lower Michigan
Feedinggrounds
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Northern lower Michigan
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Why should the tax rate go up?
Ideally, the economy should grow, thus increasing tax revenue. If a program has to continue raising tax rates to self sustain the logical conclusion is eventually the tax rate will be 100 percent.
If the money runs out the "real loser" will be those who are drawing.
If taxes or debt creation is used as a fix the loser will be the younger generations.
If the money runs out before I retire, then I lose out on the social security taken from every paycheck I earned, won't I be a "real loser" too? I trap beaver, maybe I should tell my Doc I am ready, get my lawyer going and file for disability. I have a quad to ride, to haul my gear, prefer to walk but why? I prefer to work and be productive too, but why? What reward is there for the schmuck that works for what will be 50 years soon? The "real winners" are the one milking the system here and now.
you're only allowed so many sunrises... I aim to see every one of them!
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Re: Social Security and Medicare
[Re: Steven 49er]
#7348289
09/05/21 10:11 AM
09/05/21 10:11 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
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MO
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Ya’ll worry too much. The “powers that be” have already provided us the answer. The Great Reset. We’ll all receive UBI and live happily together as one.
We’re almost there. We just have to finish destroying the US dollar, capitalism, free enterprise, and freedom, but we’re getting there.
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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