That's the problem with en lement programs; once they exist, they exist forever; they should have never been enacted in the first place; Medicare is SEVEN times more expensive than even the most pessimistic forecasts suggested it would be at the time; and THOSE were labeled extreme and fear mongering! Social Security was sold, primarily, as a means to help people who became diabled, and couldn't work; it WAS NOT sold as a retirement program.
If I had my druthers, Libertarian or not, neither of those programs would exist. Any program developed as a "safety net" would be written much more specifically, and be specifically limited.
They agree with Ron Paul? No Republican had the balls to stand up against the Iraq war except Ron Paul. (ok, he's not a republican but he ran in their primary)
I'd love to say goodbye to SS & medicare.
Both parties are scared less of the old farts. The democrats are just as big a group of cowards over SS & medicare as the republicans are.
At least W had the balls to try and do something. What's Obama's idea on how to fix this $60 trillion dollar mess?
"W had the balls to try and do something"
right, give SS to the banksters, then the brilliant lights here would have let the banksters all go bankrupt. aka "the self-correcting, always-right, no-need-for-any-regulation free market"
The Democrats aren't scared of them. They are the ones who helped ins ute it, Democrats want to keep medicare and social security because they think social programs that help the elderly are a good thing.
Besides, if you think Democrats are scared of old people then you haven't been watching the Health Care Debate. The average age of the nut jobs screaming on T.V. has got to be over 60.
This is not special ed class. You don't get credit for trying.
Besides, the bailout wasn't engineered by Bush is was Hank Paulson and it worked. If a bank like Citi went under, it would bankrupt the FDIC and the tax payers would be on the hook for billions of dollars anyway. Not to mention credit markets would freeze up and the economy would collapse.
I'm all for it. An acceptable compromise would be to dump the ponzi scheme setup we've got now and go with individual accounts. Just take an individuals withholdings, invest his money in treasury notes and put those notes in an individual account with his name on it.
Bull . When was the last time you heard a democrat say that SS & medicare are unsustainable in their current format and will require massive tax increased and/or massive benefit cuts to bring it back into balance? It's an undisputable fact that such cuts or tax increases have to happen, yet no one is talking about it.
I thought we were talking about SS & medicare. The bailouts are a drop in the bucket compared to the mess SS & medicare are in. Again I ask you, what is Obama's plan for bridging the $60 trillion dollar gap for SS&medicare?This is not special ed class. You don't get credit for trying.
Besides, the bailout wasn't engineered by Bush is was Hank Paulson and it worked. If a bank like Citi went under, it would bankrupt the FDIC and the tax payers would be on the hook for billions of dollars anyway. Not to mention credit markets would freeze up and the economy would collapse.
lol touche.
And yet I will still be using the stock market & appreciating assets for my retirement funds...Social Security is not even a thought.
40 years of compound interest says find me a better use for my government printed "free market" fixed funny money....
What are you talking about? Social Security is the best way to plan for your retirement. I've got all my eggs in that craptacular basket.
To be completely truthful, I have created a pool for when Government will retract rothIRA tax exemptions.
I'm putting all my eggs in that basket
June 28th, 2019. Who wants in?
W wanted to give SS to the individuals. Then if they wanted to use their SS money on the banks, that would be their choice. Would a lot of people have gotten burned? Sure. But that's no different than where we're heading now. People are still going to get burned when their SS taxes go way up, or their checks quit coming. Pick your poison I guess.
Not sure whether I want the over or the under, but I agree with you that it's going to happen. My guess is they make roth distributions count against your income for the AMT.
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