Comments on: Will Hillary or Obama get serious about retirement security? http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/ The FreedomWorks blog dedicated to lower taxes and more freedom. Tue, 07 Oct 2008 17:23:13 +0000 http://wordpress.org/?v=2.6.1 By: Walter Ebmeyer http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-102080 Walter Ebmeyer Mon, 15 Sep 2008 15:56:11 +0000 http://www.freedomtalks.org/?p=1472#comment-102080 There is no crisis. The 2008 Democratic platform says there is no crisis. No impartial knowledgeable observer thinks there's a crisis. Plenty of money is coming in and it will probably be enough to take care of the foreseeable future. If not, Obama suggests adding a small payroll tax on those making more than $250,000/year (current cap is around $100,000). The LAST thing we want to do is get private money people (WallStreet, banks, insurance companies) involved. There is no crisis. The 2008 Democratic platform says there is no crisis. No impartial knowledgeable observer thinks there’s a crisis. Plenty of money is coming in and it will probably be enough to take care of the foreseeable future. If not, Obama suggests adding a small payroll tax on those making more than $250,000/year (current cap is around $100,000). The LAST thing we want to do is get private money people (WallStreet, banks, insurance companies) involved.

]]> By: Mister Guy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-99874 Mister Guy Sat, 30 Aug 2008 21:23:11 +0000 http://www.freedomtalks.org/?p=1472#comment-99874 Having the rich pay more has a proven history of reaping HUGE amounts of money for the federal coffers and balancing the federal budget...since when is that a bad thing?? Having the rich pay more has a proven history of reaping HUGE amounts of money for the federal coffers and balancing the federal budget…since when is that a bad thing??

]]> By: James Burns, Esq. http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-95269 James Burns, Esq. Mon, 28 Jul 2008 22:32:28 +0000 http://www.freedomtalks.org/?p=1472#comment-95269 We can tell from past record and the agenda to pay out funds to world poverty that Obama will be the Robin Hood of our times and my prediction is that he will disrupt retirement in this country for decades if he is elected because we currently have historical numbers who will be using social security and Medicare in the next few years and we are in some debt that on the average someone would have recommended bankrupty already but we print more money and get deeper and deeper in debt. I don't see anything in his tax proposal or prior sentate record that would establish not punishing the higher income middle class. If you make $120,000 to $300,000 per year the weight of the country will be on you and the weight of the world as our tax revnues go abroad for poverty. Soon we'll be needing our own donations from other countries. We can tell from past record and the agenda to pay out funds to world poverty that Obama will be the Robin Hood of our times and my prediction is that he will disrupt retirement in this country for decades if he is elected because we currently have historical numbers who will be using social security and Medicare in the next few years and we are in some debt that on the average someone would have recommended bankrupty already but we print more money and get deeper and deeper in debt. I don’t see anything in his tax proposal or prior sentate record that would establish not punishing the higher income middle class. If you make $120,000 to $300,000 per year the weight of the country will be on you and the weight of the world as our tax revnues go abroad for poverty. Soon we’ll be needing our own donations from other countries.

]]> By: Mister Guy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-81175 Mister Guy Thu, 24 Apr 2008 03:26:09 +0000 http://www.freedomtalks.org/?p=1472#comment-81175 Keep sticking your head in the sand...it seems to be working out well for you...lol... Keep sticking your head in the sand…it seems to be working out well for you…lol…

]]> By: Cguy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-81090 Cguy Wed, 23 Apr 2008 16:21:37 +0000 http://www.freedomtalks.org/?p=1472#comment-81090 Do you listen to yourself talk MisterGuy? Or are you just accustomed to writing random non-related bullshit to sidestep your ignorance? Do you listen to yourself talk MisterGuy? Or are you just accustomed to writing random non-related bullshit to sidestep your ignorance?

]]> By: Mister Guy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-80941 Mister Guy Tue, 22 Apr 2008 00:54:16 +0000 http://www.freedomtalks.org/?p=1472#comment-80941 My tax dollars are overwhelmingly going to a useless and illegal war...if you have a problem with the unified budget theory, take it up with President Johnson...he's dead BTW. My tax dollars are overwhelmingly going to a useless and illegal war…if you have a problem with the unified budget theory, take it up with President Johnson…he’s dead BTW.

]]> By: Cguy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-80926 Cguy Mon, 21 Apr 2008 21:32:29 +0000 http://www.freedomtalks.org/?p=1472#comment-80926 "The Federal Government is not raiding anything" HAHA at that. Read up on where your tax dollars are going. And the concepts of Fiat money supply and budget allocation by greedy politicians are two entirely different issues.. Ugh.... “The Federal Government is not raiding anything”

HAHA at that. Read up on where your tax dollars are going. And the concepts of Fiat money supply and budget allocation by greedy politicians are two entirely different issues.. Ugh….

]]> By: Mister Guy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-80921 Mister Guy Mon, 21 Apr 2008 21:20:41 +0000 http://www.freedomtalks.org/?p=1472#comment-80921 "We had the majority"...maybe in Congress, but not in terms of support for your SS privatization scheme. The American people like and want SS to continue as is, and with a few tweaks, it will. Again scare tactics about what *might* happen in many decades don't work. The crisis in the health care sector far and away outstretches the easily-fixable issues with SS. Look, I'm not the one that went to visit the SS Trust Fund and then called the federal securties in that fund "worthless IOUs" or some other ridiculous phrase...that was your boy Bush. SS is NOT welfare, period. NO ONE that I know of is advocating that people pay more than the percentage of SS taxes that they pay right now...simply that the rich pay in their fair share, period. The federal govt. is not "rading" anything. If you have little confidence in the SS Trust Fund, then I suggest that you shread your dollar bills as well...there's nothing backing them up besides the "full faith and credit of the USA" either. Better yet...send those dollars to me...lol... “We had the majority”…maybe in Congress, but not in terms of support for your SS privatization scheme. The American people like and want SS to continue as is, and with a few tweaks, it will.

Again scare tactics about what *might* happen in many decades don’t work. The crisis in the health care sector far and away outstretches the easily-fixable issues with SS.

Look, I’m not the one that went to visit the SS Trust Fund and then called the federal securties in that fund “worthless IOUs” or some other ridiculous phrase…that was your boy Bush. SS is NOT welfare, period. NO ONE that I know of is advocating that people pay more than the percentage of SS taxes that they pay right now…simply that the rich pay in their fair share, period.

The federal govt. is not “rading” anything. If you have little confidence in the SS Trust Fund, then I suggest that you shread your dollar bills as well…there’s nothing backing them up besides the “full faith and credit of the USA” either. Better yet…send those dollars to me…lol…

]]> By: Sickle http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-80911 Sickle Mon, 21 Apr 2008 19:54:27 +0000 http://www.freedomtalks.org/?p=1472#comment-80911 Eh, we covered this in Kibbe's last thread. He's one-note blogger. One issue, no new news, just keeps posting it every two weeks. I said everything that needed to be said in the other thread. Eh, we covered this in Kibbe’s last thread. He’s one-note blogger. One issue, no new news, just keeps posting it every two weeks. I said everything that needed to be said in the other thread.

]]> By: Cguy http://www.freedomtalks.org/2008/04/18/will-hillary-or-obama-get-serious-about-retirement-security/#comment-80892 Cguy Mon, 21 Apr 2008 16:12:38 +0000 http://www.freedomtalks.org/?p=1472#comment-80892 I applaud Masden for staying so diplomatic but What the hell are you talking about Mister Guy? Social Security will be insolvent in 30-50 years (depending on who's estimate you trust) and already presents a daunting pay out problem for soon to retire boomers. Are you saying it is not a problem that the U.S. would default on its treasury bonds for the first time in history? Even for the lowest level of pay outs (the lowest income bracket) it would take 30 years to make back the money you put into the system for a person retiring in 2012. For the upper brackets that can be up to 50-80 years depending on the degree of escalation. These were the estimates given by the Social Security Administration themselves in their 2003 published report. The shifts of the 1980's Greenspan Commission simply reallocated the burden of Social Security and preempted the problems we will now face with the system. They were nothing more than marginal adjustments and in reality were a shift of the system to a welfare structure rather than a responsible, pay in,compulsory IRA, as the program was intended and created for. Bush's plan was god-awful as it effectively took trade deficits as a measure of financing ON TOP of the FICA tax. The plan was attacked on both sides of the aisle for its fiscal short comings and should not be considered a representation of the right's plan for SS reform. I'm absolutely appalled that you can believe there is not a huge problem facing social security, regardless of principle or proposed solutions. The numbers are there, the SSA is not hiding them and they suggest something must be done as well. With FICA already at roughly 13% of income, is a tax increase really the answer to our problems? Government raids SS every year and has for years which is the logic behind moving Social Security into the private sector away from the allocations of pork-rich politicians. Tell me how a mandatory private IRA is any less efficient or worthwhile than a mandatory slush fund/reallocation that is the current social security system? You need to get your mind off of "new deal" ideologies and onto the facts of the current social security program. Ignorance will not help solve this problem. I applaud Masden for staying so diplomatic but What the hell are you talking about Mister Guy? Social Security will be insolvent in 30-50 years (depending on who’s estimate you trust) and already presents a daunting pay out problem for soon to retire boomers. Are you saying it is not a problem that the U.S. would default on its treasury bonds for the first time in history? Even for the lowest level of pay outs (the lowest income bracket) it would take 30 years to make back the money you put into the system for a person retiring in 2012. For the upper brackets that can be up to 50-80 years depending on the degree of escalation. These were the estimates given by the Social Security Administration themselves in their 2003 published report. The shifts of the 1980’s Greenspan Commission simply reallocated the burden of Social Security and preempted the problems we will now face with the system. They were nothing more than marginal adjustments and in reality were a shift of the system to a welfare structure rather than a responsible, pay in,compulsory IRA, as the program was intended and created for. Bush’s plan was god-awful as it effectively took trade deficits as a measure of financing ON TOP of the FICA tax. The plan was attacked on both sides of the aisle for its fiscal short comings and should not be considered a representation of the right’s plan for SS reform. I’m absolutely appalled that you can believe there is not a huge problem facing social security, regardless of principle or proposed solutions. The numbers are there, the SSA is not hiding them and they suggest something must be done as well. With FICA already at roughly 13% of income, is a tax increase really the answer to our problems? Government raids SS every year and has for years which is the logic behind moving Social Security into the private sector away from the allocations of pork-rich politicians. Tell me how a mandatory private IRA is any less efficient or worthwhile than a mandatory slush fund/reallocation that is the current social security system? You need to get your mind off of “new deal” ideologies and onto the facts of the current social security program. Ignorance will not help solve this problem.

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