tag:blogger.com,1999:blog-19246708.post8614047164742675785..comments2024-03-27T20:39:24.337-04:00Comments on Social Security News: Can Someone Explain To Me Why Republican Congressional Leaders Think That Cutting Social Security Benefits Is Politically Feasible?Unknownnoreply@blogger.comBlogger18125tag:blogger.com,1999:blog-19246708.post-46906548535011806022013-02-02T20:24:50.055-05:002013-02-02T20:24:50.055-05:00This comment has been removed by a blog administrator.sarah leehttps://www.blogger.com/profile/04458958401387511915noreply@blogger.comtag:blogger.com,1999:blog-19246708.post-78186205379679935602013-02-02T18:20:52.730-05:002013-02-02T18:20:52.730-05:00The borrowing of the funds from FICA is the proble...The borrowing of the funds from FICA is the problem.<br />It is a similar problem with 28 other trust funds, making up the $5 trillion or so of intragovernmental debt.<br />Where in our laws does it provide for "regular" government spending through intraagency loans?<br />I do realize and understand the Treasury borrowed from the defense retirement fund recently, but that was due to an "emergency" cash shortfall in the general budget.<br />Don LevitDon Levithttps://www.blogger.com/profile/02497731736648561272noreply@blogger.comtag:blogger.com,1999:blog-19246708.post-86496199287149924312013-02-02T14:56:42.856-05:002013-02-02T14:56:42.856-05:00I agree unless you consider the extent to which &q...I agree unless you consider the extent to which "Piuante's Theorem" is evaluatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-24185956157014569382013-02-02T12:12:14.322-05:002013-02-02T12:12:14.322-05:00And since SSI is paid by general Federal revenues,...And since SSI is paid by general Federal revenues, including borrowed funds from FICA, how can you possibly say that SSI is not part of the problem of SSA running out of funds? Without SSI, the general funding would not be borrowing as much from FICA monies. SSA does not have a funding problem, the general Federal revenue has a borrowing problem with no ability to pay back the "loans". Robbing Peter to pay Paul does not make Peter unsuccesful, it makes him a victim and Paul a thieve..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-61479886027550904042013-02-01T21:52:22.080-05:002013-02-01T21:52:22.080-05:00But using your logic, wouldn't the reverse be ...But using your logic, wouldn't the reverse be equally true?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-11308288133873672472013-02-01T20:55:16.451-05:002013-02-01T20:55:16.451-05:00Just to clarify, SSI is administered by SSA, but i...Just to clarify, SSI is administered by SSA, but is not financed by the FICA tax, which is solely dedicated to Social Security and Medicare. SSI is paid by general Federal revenues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-65755251233853262632013-02-01T17:49:30.290-05:002013-02-01T17:49:30.290-05:00All seperate trust funds, killing SSI does nothing...All seperate trust funds, killing SSI does nothing to save Retirement. Changing the GRID in SSDI does nothing to save Retirement. It is not one huge SSA cash pool, they are seperate. Inform yourself, dont listen to anyone, even me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-74454361230099294952013-02-01T16:06:18.281-05:002013-02-01T16:06:18.281-05:00I agree with the questioning or thought in comment...I agree with the questioning or thought in comment 1:25 PM, February 01, 2013.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-27408295578192033342013-02-01T16:04:31.431-05:002013-02-01T16:04:31.431-05:00They wouldn't starve, they have food stamps, t...They wouldn't starve, they have food stamps, they wouldn't freeze because they have subsidized housing. They would have lights and gas because they get utility allowances. Maybe they wouldn't have cable tv or smart phones. Humans adapt, they would survive. <br /><br />However, that has nothing to do with Social Security. Raise the taxable limit on income and reevaluate the parts that don't work. Start small - eliminate the lump sum death pmt of $255.00. Most people laugh at it anyway. But, they will continue to take it because we offer it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-85565203146882920972013-02-01T14:21:27.856-05:002013-02-01T14:21:27.856-05:00I'd rather pay some higher taxes to keep those...I'd rather pay some higher taxes to keep those peoples' checks coming than have my city and country turn into a hole where property crime and probably violent crime runs rampant.<br /><br />Sometimes it's better to pay a little more upfront to keep the system (that benefits you so well) running smoothly. I mean, we could have a libertarian society, but I don't want to have to shell out most of my labor-units on personal security.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-91836624512475254242013-02-01T13:25:48.830-05:002013-02-01T13:25:48.830-05:00So, to "all (those who) think we should do aw...So, to "all (those who) think we should do away with SSI," should society just turn their backs on these individuals? Allow them to starve?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-89791083756173287022013-02-01T12:46:37.922-05:002013-02-01T12:46:37.922-05:00How is SSI breaking Social Security? The administ...How is SSI breaking Social Security? The administrative cost and benefits are separately funded, not taken from the trust funds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-41947902985908863902013-02-01T12:42:27.914-05:002013-02-01T12:42:27.914-05:00The problem is you are talking apples and oranges....The problem is you are talking apples and oranges. No one wants to cut Social Security Benefits. All think we should do away with or disengage supplemental security income (a Federal welfare program) from Social Security. It is not one and the same. Entitlements are something one has invested in. Welfare is something for nothing, however, somebody is paying for it, just not those receiving it. It is the largest wealth transfer system from the wealthy to the poor ever conceived and it is breaking the legitimate system called Social Security.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-59449507132753715052013-02-01T10:24:49.138-05:002013-02-01T10:24:49.138-05:00Raise the FICA tax cap to $350,000.
FIXED!Raise the FICA tax cap to $350,000.<br /><br />FIXED!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-70394663751812855472013-02-01T09:42:04.941-05:002013-02-01T09:42:04.941-05:00at some point the FICA cap on taxable income is go...at some point the FICA cap on taxable income is going to be abolished, and a cap on benefits that can be received will be implemented. I fully guarantee this. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-40103154269916120452013-02-01T08:16:19.395-05:002013-02-01T08:16:19.395-05:00Conversely, if you asked all the same people who m...Conversely, if you asked all the same people who many want to pay higher taxes, the number would be close to zero.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-46001275451495464202013-02-01T07:02:59.708-05:002013-02-01T07:02:59.708-05:00in addition to above...
Who cares what is "p...in addition to above...<br /><br />Who cares what is "politically" feasible. Politicians are elected to make difficult decisions. If the economics require cuts, then they should make them, regardless of what people want.<br /><br />My kids want to eat cereal every night for dinner. Yet, somehow, I make the tough political decision to say no every night.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-14308910791256644262013-02-01T06:23:51.529-05:002013-02-01T06:23:51.529-05:00Your headline demonstrates what is wrong with Amer...Your headline demonstrates what is wrong with American politics. You should be applauding them for doing what they believe in, NOT what is "politically feasible". Instead of sticking their finger in the air to determine what's best politically, at least they have core values (which you and I may disagree on) that they are willing to stand up for. Anonymousnoreply@blogger.com