Comments on: Social Security: The Train Wreck Is at the Station http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/ Thu, 16 Feb 2012 01:09:07 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: myth buster http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-412215 myth buster Sun, 04 Oct 2009 01:57:55 +0000 http://pajamasmedia.com/?p=68316#comment-412215 I would like to add that the main reason we have an economic crisis and an entitlements crisis is legalized abortion. I would like to add that the main reason we have an economic crisis and an entitlements crisis is legalized abortion.

]]> By: Richard http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411659 Richard Sat, 03 Oct 2009 04:47:39 +0000 http://pajamasmedia.com/?p=68316#comment-411659 SSI benefits, administered by Social Security. http://www.socialsecurity.gov/pgm/links_ssi.htm SSI benefits, administered by Social Security.

http://www.socialsecurity.gov/pgm/links_ssi.htm

]]> By: Richard http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411655 Richard Sat, 03 Oct 2009 04:34:53 +0000 http://pajamasmedia.com/?p=68316#comment-411655 In response to 33 (Suzy) the origin of the problem is what is called "chain immigration" in which a legal immigrant gets to bring over members of their extended family. Once they are here, they become citizens. Once they are citizens they get a Social Security number and account. And since every account has a minimal amount associated with it, the payout is never zero. The law does not discriminate against the elderly. Indeed, for the last 30 years or so, newspapers in China have published monthly "how to" articles on how to come to the USA and start collecting SS benefits. I have seen such articles with my own eyes, in China, on multiple visits. And so, we in the US gladly accept as immigrants those who will never offer any benefit to our society. This is so unusual that I dare posit that we are the only nation that does it. Such is the wisdom of Teddy Kennedy, it beggars the imagination. And so, in my opinion, we truly deserve this fate this fiscal collapse, for we have earned it, over decades. In response to 33 (Suzy) the origin of the problem is what is called “chain immigration” in which a legal immigrant gets to bring over members of their extended family. Once they are here, they become citizens. Once they are citizens they get a Social Security number and account. And since every account has a minimal amount associated with it, the payout is never zero. The law does not discriminate against the elderly. Indeed, for the last 30 years or so, newspapers in China have published monthly “how to” articles on how to come to the USA and start collecting SS benefits. I have seen such articles with my own eyes, in China, on multiple visits.

And so, we in the US gladly accept as immigrants those who will never offer any benefit to our society. This is so unusual that I dare posit that we are the only nation that does it. Such is the wisdom of Teddy Kennedy, it beggars the imagination.

And so, in my opinion, we truly deserve this fate this fiscal collapse, for we have earned it, over decades.

]]> By: Richard http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411641 Richard Sat, 03 Oct 2009 04:17:41 +0000 http://pajamasmedia.com/?p=68316#comment-411641 Social Security is a classic Ponzi scheme. But, since we are all required by law to be participants in it, and no one is allowed to elect to withdraw from it, we are all at once, both the victims and the perpetrators of this massive hoax. I still have my card from the early days, the original card. It says right on the card "NOT TO BE USED FOR THE PURPOSE OF IDENTIFICATION" That lie befits the entire program, which, from its inception, was doomed to fail, as do all such schemes. Social Security is a classic Ponzi scheme. But, since we are all required by law to be participants in it, and no one is allowed to elect to withdraw from it, we are all at once, both the victims and the perpetrators of this massive hoax.

I still have my card from the early days, the original card. It says right on the card “NOT TO BE USED FOR THE PURPOSE OF IDENTIFICATION”

That lie befits the entire program, which, from its inception, was doomed to fail, as do all such schemes.

]]> By: venividivici http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411335 venividivici Fri, 02 Oct 2009 19:58:02 +0000 http://pajamasmedia.com/?p=68316#comment-411335 41 I love posts from folks like you who think that a program that's 70 years old is "old". Is no one capable of thinking across centuries any more? Because politicians have "learned the hard way" for a couple of generations, you assume that nothing will ever change? Your ancestors must have been the people saying "Ah, the barbarians will never reach Rome". We already throw over 12% of nearly all the income earned in the country at this monster and it is still underfunded. When is enough enough? Seriously, would you be for 100% payroll tax if it save your precious Social Security? The entire Left is like a nagging ex-wife, always wanting more. 41

I love posts from folks like you who think that a program that’s 70 years old is “old”. Is no one capable of thinking across centuries any more? Because politicians have “learned the hard way” for a couple of generations, you assume that nothing will ever change? Your ancestors must have been the people saying “Ah, the barbarians will never reach Rome”.

We already throw over 12% of nearly all the income earned in the country at this monster and it is still underfunded. When is enough enough? Seriously, would you be for 100% payroll tax if it save your precious Social Security? The entire Left is like a nagging ex-wife, always wanting more.

]]> By: Poor Citizen http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411182 Poor Citizen Fri, 02 Oct 2009 17:49:40 +0000 http://pajamasmedia.com/?p=68316#comment-411182 Even Ronald Reagan had to bite the bullet on social security. Republicans that try cut it or eliminate it have paid dearly at voting time. The reason? Young people and older people have never been a friend of the conservative. But older folks do one thing their younger poorer counterparts dont do, they vote. I think the reason they vote is becuase, unlike their young friends, they dont have their parents to pay their way, hence, government is the game in town. So moan all you dare loonies but even in the south, red faced right wingers have learned the hard way. Thou shalt not touch social security. Over the years though I think the trend will move away from the cash based benefit to the tangible (drug, home care etc) benefit. Who knows? Even Ronald Reagan had to bite the bullet on social security. Republicans that try cut it or eliminate it have paid dearly at voting time. The reason? Young people and older people have never been a friend of the conservative. But older folks do one thing their younger poorer counterparts dont do, they vote. I think the reason they vote is becuase, unlike their young friends, they dont have their parents to pay their way, hence, government is the game in town. So moan all you dare loonies but even in the south, red faced right wingers have learned the hard way. Thou shalt not touch social security. Over the years though I think the trend will move away from the cash based benefit to the tangible (drug, home care etc) benefit. Who knows?

]]> By: paul_unalaska http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411104 paul_unalaska Fri, 02 Oct 2009 16:09:28 +0000 http://pajamasmedia.com/?p=68316#comment-411104 tommyd, I believe the FairTax option would have been ideal. It's disappointing for the FairTax concept has been around for, what, 4 + years? The 'stimulus' deal has nailed that door shut.. tommyd, I believe the FairTax option would have been ideal. It’s disappointing for the FairTax concept has been around for, what, 4 + years?

The ‘stimulus’ deal has nailed that door shut..

]]> By: tommyd http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-411025 tommyd Fri, 02 Oct 2009 14:34:48 +0000 http://pajamasmedia.com/?p=68316#comment-411025 vivo sez: Social Security in trouble? Solutions: 1. Change the way taxes are collected (legislation) 2. Raise taxes (bite the bullet) 3. Eliminate fraud Oct 2, 2009 - 1:36 am 1. The FairTax would solve most problems and create huge incentives for the Business environment in the U.S. ( all the blah blah bashing of the concept are B.S. and most are based on false and or lies in how the FairTax works. ) politicians don't want to give up that much CONTROL of OUR money. Money = Power 2. Wouldn't need to raise taxes if going to the FairTax , at least not before the "stimulus" pork barrel was passed. It was after all such a emergency.... 3. Then what would leftist like yourself do with all your free time? vivo sez:

Social Security in trouble?

Solutions:

1. Change the way taxes are collected (legislation)

2. Raise taxes (bite the bullet)

3. Eliminate fraud
Oct 2, 2009 – 1:36 am

1. The FairTax would solve most problems and create huge incentives for the Business environment in the U.S. ( all the blah blah bashing of the concept are B.S. and most are based on false and or lies in how the FairTax works. ) politicians don’t want to give up that much CONTROL of OUR money. Money = Power

2. Wouldn’t need to raise taxes if going to the FairTax , at least not before the “stimulus” pork barrel was passed. It was after all such a emergency….

3. Then what would leftist like yourself do with all your free time?

]]> By: venividivici http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-410942 venividivici Fri, 02 Oct 2009 12:27:34 +0000 http://pajamasmedia.com/?p=68316#comment-410942 34 You are correct. Another thing of note in that regard is that the items purchased by the over-65 demographic, including their largest purchases, like health care, have seen much greater inflation rates than the CPI, measuring economy-wide inflation. So, point taken. I was simply referring to the fact that inflation would increase the liability side of the equation and paying off Social Security with toilet paper currency isn't as simple as it sounds. 34

You are correct. Another thing of note in that regard is that the items purchased by the over-65 demographic, including their largest purchases, like health care, have seen much greater inflation rates than the CPI, measuring economy-wide inflation. So, point taken. I was simply referring to the fact that inflation would increase the liability side of the equation and paying off Social Security with toilet paper currency isn’t as simple as it sounds.

]]> By: vivo http://pjmedia.com/blog/social-security-the-train-wreck-is-at-the-station/#comment-410790 vivo Fri, 02 Oct 2009 08:36:02 +0000 http://pajamasmedia.com/?p=68316#comment-410790 Social Security in trouble? Solutions: 1. Change the way taxes are collected (legislation) 2. Raise taxes (bite the bullet) 3. Eliminate fraud Social Security in trouble?

Solutions:

1. Change the way taxes are collected (legislation)

2. Raise taxes (bite the bullet)

3. Eliminate fraud

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