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Social Security Reform Can No Longer Be Ignored

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  • #1

    Social Security Reform Can No Longer Be Ignored

    Mike Tanner is director of the Project on Social Security Choice at the Cato Institute.


    If anyone doubts the pitiful state of current American political debate, they need look no farther than the reaction to Federal Reserve Chairman Alan Greenspan's testimony that Social Security cannot pay the level of benefits it has promised. Across the political spectrum, politicians reacted like Claude Raines's character in Casablanca who was shocked-shocked!-to find gambling going on at Rick's place.
    Un-Official Sponsor of Randy Choate and Kevin Siegrist
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  • #2
    This has been going on forever, they have known this was coming and no one, neither side wants to do anything about saving it.
    Be passionate about what you believe in, or why bother.

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    • #3
      Why "save" a horrible system?

      IMO, we need to scrap it.
      Make America Great For Once.

      Comment

      • #4
        Originally posted by The Kev@Mar 14 2004, 10:35 AM
        Why "save" a horrible system?

        IMO, we need to scrap it.
        Because it's the primary platform for democrats and if a republican wants to touch it, they are labeled as hating the elderly. The only way it would get fixed is if Congress had to start chipping in like everyone else.
        Asked what he would do differently in Iraq, Kerry said, "Right now, what I would do differently is, I mean, look, I'm not the president, and I didn't create this mess so I don't want to acknowledge a mistake that I haven't made."

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        • #5
          Congress pays into Social Security...

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          • #6
            Originally posted by 210@Mar 14 2004, 10:43 AM
            Congress pays into Social Security...
            Who pays their salary?
            Make America Great For Once.

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            • #7
              Taxpayers.

              Just like every other civil servant gets paid.

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              • #8
                Originally posted by madyaks@Mar 14 2004, 10:31 AM
                This has been going on forever, they have known this was coming and no one, neither side wants to do anything about saving it.
                It's outdated.

                We've made promises we cannot keep.

                It's time to scrap it and move on. It'll be painful and current workers, including me, will be screwed, but that needs to happen.

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                • #9
                  I see it the same as your companies retirement fund, if we had funded the thing it would be just fine, but we have spent the money on everything BUT funding the program.

                  Just fund it, it will be fine.
                  Be passionate about what you believe in, or why bother.

                  Comment

                  • #10
                    Originally posted by 210@Mar 14 2004, 10:43 AM
                    Congress pays into Social Security...
                    http://www.freerepublic.com/focus/f-news/921510/posts

                    Perhaps we are asking the wrong questions during election years. Our Senators and Congress men & women do not pay into Social Security and, of course, they do not collect from it.

                    You see, Social Security benefits were not suitable for persons of their rare elevation in society. After all, it’s really hard work spending all those tax dollars of ours. They felt they should reward themselves with a special plan for such intensive labor. So, many years ago they voted in their own benefit plan.

                    Asked what he would do differently in Iraq, Kerry said, "Right now, what I would do differently is, I mean, look, I'm not the president, and I didn't create this mess so I don't want to acknowledge a mistake that I haven't made."

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                    • #11
                      They are incorrect.

                      Congress has been paying into the FICA fund since 1984. Prior to that they paid into CSRS.

                      Public Law 98-21 covers this.

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                      • #12
                        A link with more info for you:

                        http://www.snopes.com/politics/taxes/pensions.asp

                        Comment

                        • #13
                          Originally posted by BurnKU+Mar 14 2004, 10:59 AM-->
                          QUOTE (BurnKU @ Mar 14 2004, 10:59 AM)
                        • #14
                          Originally posted by madyaks@Mar 14 2004, 10:53 AM
                          Just fund it, it will be fine.
                          Actually, it won't be.

                          I don't have the exact numbers, but when it started there were something like 25 workers for every person on social security.

                          In the next 25 years that will flip to 2 workers for every person on social security.

                          It's doomed.

                          Comment

                          • #15
                            Originally posted by pgrote+Mar 14 2004, 12:26 PM-->
                            QUOTE (pgrote @ Mar 14 2004, 12:26 PM)
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