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Country Discussion Topics
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Social Security our government leaders
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Earl S.    Posted 02-23-2005 at 08:49:44       [Reply]  [Send Email]
What can we do as citizen to get our government to pay back to social security what they have borrowed???? This is our money and our children and our grandchildrens money not theirs to take and not pay back.I heard a 89 yr old man call our local radio station talk show and tell us both parties DEM & REP have taken 3 TRILLION DOLLARS out of the system. I would like to hear what you think we can do about it. I don't think Bushes plan is the answer. I think they need to pay back $2 first for every $1 they give other countries. Earl In Illinois


1020gas    Posted 02-23-2005 at 17:11:52       [Reply]  [Send Email]
don't think I've ever read so much misinformation on one topic in my life.

Get the facts

go to this government web site and read

http://www.senate.gov/reference/common/faq/retirement_for_members.shtml

They are eligible to collect from their retirement plan and SS
make sure you read read the full PDF text by clicking on the "report" link at the end of the article



Sid    Posted 02-23-2005 at 17:05:54       [Reply]  [No Email]
The Social Security Tax is just that a TAX. Unfortunately many people over the years did not realize that. It is not a retiremnet account. Unfortunately we working Americans have paid the way for many non working Americans for many years now wether they were derserving or not. For sometime now people have been hollering Social Security is in trouble but nothing was done about it and more and more people found a way to draw from the system. Now we finally get a president who is trying to do something about it and every nay sayer in the country is hollering it wont work his plan is no good. I do not think they know what his plan is. I do not know what his plan is but if it will relieve the taxpayers burden and encourage people to take responsibility for their "golden years" into their own hands I say more power to him.


JB    Posted 02-23-2005 at 17:27:37       [Reply]  [No Email]
You obviously do not know why social security was started. It was started so people would have a little money to exist on when they were too old and worn out to work any longer. It was basically a pension plan that you paid into and could collect on when you reached 62 or 65 years of age. Do some research on it.
You should also read the February issue or AARP and see how some other countries made out when they tried to fix their social security system. I just hope our current president doesn’t fix social security like he did a couple of his business's that he had.


Dave Sherburne,NY    Posted 02-23-2005 at 19:37:39       [Reply]  [Send Email]
You should type Galveston in you search engine
Those people opted out of SS quite a while ago
and will actually be able to retire on the income
from their investment program. Asl your congressman
why he isn't in the same SS program as you are.


Sid    Posted 02-23-2005 at 18:12:38       [Reply]  [No Email]
I have read history of Social Security and I find nothing that says it was intended to be a pension plan. But I do read a lot about providing assistance and helping meet needs of people. Not completely supporting them.


JB    Posted 02-23-2005 at 18:35:01       [Reply]  [No Email]
So in other words if you pay in you collect. I am not sure what social security pays now but I am sure that it is not enough to support anyone in today's economy. It is not a tax to be spent at every politicians will and whim.


Sid    Posted 02-23-2005 at 20:18:58       [Reply]  [No Email]
That's the problem it is a tax and it is being spent at their will and whim.


Oliver    Posted 02-23-2005 at 13:58:37       [Reply]  [No Email]
Who's money is the government going to use to pay back social security? Last time I knew, the government didn't have any money, they used OUR money. So it seems like it's not going to be the government paying back anything, it's going to be you and me. So if we pay back social security, most likely we won't be paying the military, or education, or transportation, or welfare, or any one of a million other things. Until voters demand that government stop some spending, and be willing to then live with the cuts, nothing much is going to change. We all know there is an awful lot of waist in government spending, but what is waist to one is pork and profit to another, so if you aren't willing for the government to do less for you, how can you ask others to give up something the government does for them. As for me, I wish the federal government would stop collecting for and funding every program at the state and local level. If we want those programs, let's fund them where they live, with local taxes or state taxes.


sawtooth    Posted 02-23-2005 at 10:35:00       [Reply]  [Send Email]
I watched PBS last night, program called "Frontline" showed several hours of troops in Iraq. So much expense with the equipment, destruction, manhours, rebuilding. Who's paying for all this? Are we footing the bill for what will be a new infrastructure- hospitals, schools, bridges, utilities and everything else? Are we still buying gasoline and selling it to them for 4 cents a gallon? On the program they showed cars lined up along a highway- they said a 3 mile long line- waiting to buy gas which at the time was in short supply. How much pandering can we do to them to try to make them see things our way? Meanwhile the same things are being cut here- even support to our veterans! It's an outrage!


bric    Posted 02-23-2005 at 14:06:42       [Reply]  [No Email]
If I break something that's not mine, I dont expect others to pay for it...


bob    Posted 02-23-2005 at 11:11:45       [Reply]  [No Email]
we just went to documentory on Iraq The untold story. As far as building up infracture Haliburton only does work on military bases everything else is just sitting like after bombs hit.No money is being spent to fix up country and that is what some people are mad about. They thought troops would pull out in March of last year and 140.000 more came in. The people want to control their country but won,t be able too for quite some time


Bkeepr    Posted 02-23-2005 at 09:26:22       [Reply]  [No Email]
Fact is, it doesn't matter. Every penny of government money is *our* money.

Most social security recipients get far more back than they ever put into the system. That'll change sometime in the future, the only question is just how far out. I don't expect to get back anything close to what I've paid in, but I guess that's ok...been scrimping and saving since I was a youngster. My SS payments have been paying the way for the old timers that came before me.

But I would like to see SS fixed for my kids and grandkids, so that they don't have to pay ridiculous taxes for all the boomers who didn't save--who lived beyond their means their whole lives, expecting the government to bail them out.

Folks who say SS ain't broke either don't understand the system, or else are too selfish to care about the youngsters who will have to bear the payments for their sorry parents and grandparents. For me: I don't want to be a burden on anybody, not my kids and not yours either.

Tom A


Mike(inWisc.)    Posted 02-23-2005 at 09:09:53       [Reply]  [Send Email]
Well, it isn't 3 trillion that they took. It is between 11 and 12 trillion! He is correct that both parties have been doing it. It started with LBJ in about 1965.

Had they not done that, Social Security would be fine with no need for overhaul.

However mad it makes you, it is spilled milk at this point to demand repayment.

They cannot pay it back--they do not have it. It was spent every year by their irresponsible budgeting and reckless spending.

I personally think that every incumbent in Congress should be FIRED for what they have done, but nobody ever holds these clowns accountable.

Look at what is going on right now. They spent all last year traveling around first class on our dime--politiking-trying to get reelected.

Now--the business of the country did NOT get done. They didn't pass their 13 required budgeting bills, so they lump everything together into one massive 4000 page bill that nobody even has time to read. Bill is just LOADED with pork and wasteful spending....the crap just goes on and on.

FIRE THEM ALL!!!!


JB    Posted 02-23-2005 at 17:10:55       [Reply]  [No Email]
Borrowing from social security did not begin with Johnson. I know that they were doing it back in the 50s and maybe before that. Ike might have built the interstate highway system with social security money.
There was a good article in the February issue of AARP on social security. How other countries tried to fix it, similar to what bush wants to do here.
Be careful whom you vote for, you might get your wish.


MikeT    Posted 02-23-2005 at 09:25:59       [Reply]  [Send Email]
I don't think we're allowed to revolt. Doesn't matter anyway, no one knows how to use a gun anymore.

What was our big bone with the British back in 76? Something about high taxes, irresponsible leaders, etc., wasn't it?


KatG    Posted 02-23-2005 at 09:49:48       [Reply]  [Send Email]
I agree with you 100%!!!!!...It is time that Americans get back their country...and have it ran the way it was suppose to be.."For the people ..by the PEOPLE...KAtG


Obie    Posted 02-23-2005 at 10:06:28       [Reply]  [Send Email]
I also agree with you folks 100%. And the thing that bothers me is that these same GOV. (SO CALLED EMPLOYEES) or so called( WORKERS) who spend our S.S. funds have THEIR OWN saving plan that is for THEM ONLY and they dont dip into that pot to pay any of the countys bills.. WHAT is WRONG with this picture??? They can take $$$ out of our pot but dont touch there pension pot!!!ANY IDEAS???


Obie    Posted 02-23-2005 at 10:16:37       [Reply]  [Send Email]
Here is something one of my Co-Workers send to me I hope this isn't TURE or us poor working folks are screwd!

*IT DOESN'T MATTER IF YOU ARE** REPUBLICAN OR DEMOCRAT!
KEEP IT GOING!!!!*

*_2008_** _ Election Issue_*!!

*GET A BILL STARTED TO PLACE** ALL POLITICIANS ON SOC. SEC.
_This must be an issue in "2008_ _". Please! Keep it going.
_*
*----------------------------------
**SOCIAL SECURITY:*
*_(This is worth reading. It is short and to the point)_*_

_*Perhaps we are asking the wrong questions during election years.

Our **MEMBERS OF CONGRESS _do not__ pay into Social Security_ and, they do not collect from it.

You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves.* So, many year! s ago they voted in

_their* own*__* benefit plan .

*_*In more recent years, no congressperson has felt the need to change it. After all, it is a great plan.

For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay until they die.

Except it may increase from time to time ! for cost of living adjustments..*

*This is calculated on an average life span for each of those two Dignitaries For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.


**Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is.. -0-NADA....ZILCH...

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

"OUR TAX DOLLARS AT WORK"!

From our own Social Security Plan, which you and I pay (or have paid) into,-every payday until we retire (which amount is matched by our employer)-we can expect to get an average of * $1,000 per month *after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator! Bill Bradley's benefits!*


*Social Security could be very good if only one small change were made.

**_That change would be to:_*
*_Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen. Put them into the Social Security plan with the rest of us ._*
*then sit back.....*
*_and watch how fast they would_**_ fix it._*_

_*If enough people receive this, maybe a seed of awareness will be planted and maybe good changes will evolve.

**How many people can YOU send this to? Better yet.....*
*How many people**_ WILL_ you send this to??*


* *


RIckstir    Posted 02-23-2005 at 13:00:34       [Reply]  [No Email]
First of all, nothing on the internet has a chance of being true. Since 1985, Congress has been on the SS system. Previously they weren't but now they are in the same boat as everyone. Almost all of them could collect because of their age. It is not the older folks that have to worry, hello AARP. It's the young ones that won't see a dime. Let them invest in anything other than SS. Heck a simple savings account will draw more than SS.


Chas in Me    Posted 02-23-2005 at 12:46:56       [Reply]  [No Email]
Ask yourself just one question, How can the system change when we vote for incumbents? It's our fault.


steve19438    Posted 02-23-2005 at 10:54:18       [Reply]  [Send Email]
you gonna be at zettlemoyer's auction on sat ?


zoro    Posted 02-23-2005 at 16:24:46       [Reply]  [Send Email]

Congress: Benefits
Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation.

• Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS.

• As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. Members of Congress under FERS contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes.

Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Member's of Congress have to serve at least 5 years to even receive a pension.

The amount of a Congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.

Data compiled in 20034 showed 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service. The average age of those retiring under CSRS was 75.5 and had at least 20 years of federal service. Those who retired under FERS had an average age of 68.3 years and 21.6 years of federal service. Their average retirement payment was $3,909 a month.





Jim    Posted 02-23-2005 at 19:11:35       [Reply]  [No Email]
I'm interested in following up on your post. Is there a website or library reference?


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