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From: Mike on 9 Aug 2010 12:57
No ones benefits will be cut dummy, unless you are referring to the
inevitable bankruptcy of the SS and Medicare trusts if we continue with what
is being done.

SS is the world largest ponzi scheme, the money paid in by those today is
paid out to those receiving benefit TODAY. Current expenses can not
possibly be sustained, let alone paying those that will be joining the
retiree ranks of the next twenty five years.

The retirement age MUST incrementally increase for those under forty years
old and the INCREASES built into the system must be SLOWED. No one will get
less than they do today and those retiring over the years will get more than
those collecting today, not less.

That is nothing new, the same type a changes to the original SS system WERE
done in the eighties to maintain the system. Back then one could retire,
reduced benefits at age 62, that has slowly gone up ever since and will
continue to go up until one reaches 65.

What needs be to done is what WAS done by President Reagan and Tip O'Neal.
That was, agree not to beat up the people in the other party on election
day, and sit down and do what was needed to "save" SS at the time.

Do you know that when Barry Goldwater was running for President he wanted to
change SS by allowing a person to contribute their half of FICA to an
investment account with the stipulation that they would never get more than
HALF of the SS benefits. The Dimocarts said he was nuts, but if that law
had been passed, over forty years ago, the folk that chose that option would
be nearly millionaires today and would not need a SS check. Further more
they could pass on the balance of THEIR investment fund to their survivors.


"Cliff" <Clhuprichguesswhat(a)aoltmovetheperiodc.om> wrote in message
news:mpdv56h043m8i62rnf9ls2vflsferlksd5(a)4ax.com...
>
> [
> You can't make this stuff up. The economy is in shambles, unemployment is
> at
> record levels and home foreclosures are soaring. Congress can't get it
> together
> to act on these issues. But there's growing momentum in Washington to-wait
> for
> it-slash Social Security?
>
> Believe it. Republicans are campaigning on benefit cuts. Conservative
> Democrats
> like Steny Hoyer are echoing their talking points.1
> ....
> Fear-mongering over Social Security is led by Pete Peterson, a hedge fund
> manager spending $1 billion of his own money in a campaign to slash
> benefits.6
> Conservatives in congress have been too happy to join him-Minority Leader
> John
> Boehner said he would cut benefits to pay for two unfunded wars,7 and the
> GOP's
> long term budget plan would fully privatize the program.8
> ....
> ]
>
> 1. "John Boehner: Raise Social Security Retirement Age to 70," CBS News,
> June
> 29, 2010
> http://www.cbsnews.com/8301-503544_162-20009192-503544.html
>
> 6. "Spending Big to Stop Spending," BusinessWeek, July 1, 2010
> http://www.moveon.org/r?r=89837&id=22411-5850877-XyBRg9x&t=8
>
> 7. "GOP shrugs over Boehner comment," Politico, June 29, 2010
> http://www.politico.com/news/stories/0610/39185.html
>
> 8. "The Ryan Budget's Radical Priorities," Center for Budget and Policy
> Priorities, July 7, 2010
> http://www.cbpp.org/cms/index.cfm?fa=view&id=3114
>


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