What does that have to do with the proposal in the OP?
Curious where do your parents live? Rent is down for me, utilities and food are even. This is in SF Bay area.
Wait your response to Congress changing the rules by which they would write legislation is 'why don't we put a king in the White House'? I'm confused.
News Flash
In lieu of the COLA (since by law one was not eligible), there was a $250 one-time payment to each recipient of Social Security thanks to the Recovery Act.
That would be something in the range of 2%.
I now return you to more raging trollism ....
Which nobody has gotten yet.
My dads SS is $1250 a month, normally that would have increased by about 3% , making it a $37.50 increase for each month x 12 = $450 for the year.
Will it be the end of him ? No. But seeing as he worked since he was 15 and retired at 68 , 53 years of working, more than most people here have been alive, I think he deserves to get back at least a few percent of what he paid . When government employees get a $13,000 raise and they can't afford to pay someone like my dad $450 more, the country really has gone downhill.
Why would your dad expect to get more back than what he paid in? I think you are confusing social security with some sort of investment or retirement plan. Why does he deserve my tax dollars more than I do?
Curious where do your parents live? Rent is down for me, utilities and food are even. This is in SF Bay area.
They both live in North Carolina. Cost have gone up for them, their medicine cost more, just got a letter today that their premiums are going up $23 for dad per month and $9 for mom. That doesn't sound like a lot, but it all starts to add up . Getting old, dad is 80, mom is 72, is expensive and the medical cost are not covered by medicare like many think. My dad falls into the doughnut hole every year where they cover the first $2500 or so with cost sharing but after that you are on your own. His medical expenses are about $18K a year, so that is $15K or so that he has to pay on top of living expenses. His income is roughly $1200 so that goes to healthcare leaving nothing for living expenses.
My brother and I last year bought them a mobile home and placed it on land we owned so at least now they have no rent to pay, but still my mother has medical cost and I have often caught them not buying food or really poor low cost food because they don't want to ask us kids for help, they feel like we have our own problems and that they should be able to do it alone. That part pisses me off because I like most kids want my parents to be healthy and am willing to do all I can, but seniors are a proud group and don't like handouts.
he paid in for 53 yrs - he is getting out what he paid in, not what you are paying now, but that is not the case because the right and left use all the gov as their own atm, so you are probably paying for his father.
if he had put the same amount of $$$ into a private acct he would much more likely be getting much more than $1250/mo but ss is taken from you w/out say or choice.
Congress has been stealing from the SS fund for generations.
Talking about Left vs Right, Republican vs Republicans is just a diversion to keep us confused and fighting amongst ourselves.
We do not hold Congressional members responsible for their votes, so is it any wonder that they are do the bidding of private interests (banks, Wall Street, large corporations, very wealthy individuals)?
Link?
No you are mistaken. He is getting paid now what I am paying in now. What he paid in over 53 years was spent year by year by the government while they were bringing in a surplus. George W. Bush tried to enact SS reform which would set up a trust fund for a small percentage of SS monies but the bill was filibustered by Democrats and never went anywhere.
While in an accounting sense there is a government trust fund that is supposed to fund SS once the SS payments exceed the SS tax income, in reality this trust fund is comprised of essentially government IOU's to itself (in other words, monetizing debt=printing money).
Some of them.but seniors are a proud group and don't like handouts.
wonder how that Galveston Texas thing is working now, the article is old...
I think we need a bill to eliminate tax free growth of money in IRA's, 401k's, etc. Those programs weren't available to a very large majority of the poeple now retired. Why should they subsidize YOUR retirement?
Here is a transcript of an interview done in 2009 with the guy who designed the plan.
http://www.foxnews.com/story/0,2933,570311,00.html
lol, how cute.
I don't usually like Glen Beck unless he is telling me what I want to hear.
SS has been a sham since the day it was conceived. FDR needed funds for his New Deal projects, but where to get them? A conventional tax increase would have been political suicide for him and his supporters during the Great Depression. So they devised a socialist program whereby everyone working pays in and only a small percentage pays out. But the "fund" was not protected and was free for government to loot and spend on their own activities. They never figured that one day, the amount of people drawing out would be greater than those paying in.
If I could have my way, SS would be destroyed. Or at least it would become an opt-in program and which is protected from spending in any other way but to pay out SS dependents.
In advocating the case of the persons thus dispossessed, it is a right, and not a charity . . . [Government must] create a national fund, out of which there shall be paid to every person, when arrived at the age of twenty-one years, the sum of fifteen pounds sterling, as a compensation in part, for the loss of his or her natural inheritance, by the introduction of the system of landed property. And also, the sum of ten pounds per annum, during life, to every person now living, of the age of fifty years, and to all others as they shall arrive at that age.
crownjules said:I don't usually like Glen Beck, but damn he hit the nail on the head with the SS is essentially a Ponzi scheme comment.