Social Security Benefits Will Get Small Cost of Living Bump

Foxrac said:
Try to kick drug abusers out of SSI, but they require drug test that result in question about constitutionality of drug test for welfare recipient.

Allow Medicare to negotiable with drug companies that give a prescription drugs at lower cost like Veteran Affairs did with Tricare. We need try to get cost of medical care to under control.

Modernize the DoD budget to make more effective and same strengthen with less funds.

Freeze the annual pay raise for federal employees and end the war on drugs.

Fix the welfare fraud and minimize the fund loss due to fraud.

Increase the tax rate by few percent for wealthily people.

There are more idea - but I think economists can give a good advice about how resolve the budget problem.
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In this bold quote above, really this doesn't help much. Look at how many millionaire or billionaire are living in US? In compare to middle class population. If planning in increasing the tax rate for wealthy people, there are about 3.1 million people who are wealthy compare to 151 million middle class. So, at the same rate of tax increase, getting tax from wealthy will get about 25 billion dollars compare to middle class get whopping 80 billion dollars, I'm just saying an example but it's not an exact figures. Yes, it would be nice to have tax increase on wealthy... but to me it's whoopee do....

Basically, governments are so focus on middle class because they received more money from them than wealthy. You know? My opinion.

Talking about freeze the annual pay raise from federal or county governments, my wife was already on freeze annaul pay raise for 2 years, and finally this year there's a small increase on annual pay raise next year. You know the government are already doing that.
 
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One more thing to consider, all countries rise and fall. There is no guarantee that USA will always be around. Once it falls (not if) everything we depend on will be gone.

That is another reason to learn how to work and make a living and get a record of our work history instead of getting benefits.
 
It is important to learn skills that employers need but it is also important to develop relationships that can turn into making a living.
It is obvious that in our country the balance has gone awry. The jobs that make money by adding value to resources have been exported by the millions. The theory that they would be replaced by jobs that would come about by legislating this into happening was as predicted and hollered about in every possible way, total hogwash. The rich did not just get richer they got a whole hell of a lot richer. The United States of America was sold out by legislation and it can be rebuilt by legislation.
There is going to have to be some serious changes for the rich who have made a bundle off the legislation that worked for them but has nearly destroyed a nation. I feel the same amount of sympathy for them as they have for us.
 
It has always had a big impact on me as to how much people can accomplish working together. It is a wonderful thing to have safety nets in our society. We all pay into them and they are there when they are needed. This is a sign of advanced civilization.
In order to stay advanced that is a tall order. Myself as one person I do not accomplish much if I work harder I accomplish more but pay more on the other end of the mighty effort. It is my thought that in a world that is changing as ours is that a way to not only cope but ride easier upon the stormy sea is to renew our tendency to belong to like minded societies for the sake of our and our loved ones advancement and safety in this changing world wrought by humankind. In essence that is what people are doing already anyway. America for Americans has to be first. I may be off topic please forgive. I mean well.
 
diehardbiker said:
Hint, hint! Now they are talking about reform on entitlement. What does that means? They even mentioned about Social Security.

That is why I ain't trust tyranny Uncle Sam! I still love my country but not government in my country.

Deficit reduction? Not without entitlement reform - Nov. 21, 2012
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I believe that SS recipients pay for Medicare premiums every month. Also while I work for USPS under the federal government, I pay Medicare and SS taxes which are two of my payroll deductions.

IMO, the government needs to cut down military spendings and to allow pay cuts for high-salary politicians.
 
Right, but the problem is that it is NOT enough to support the system. 50 years ago, 15-20 workers pays per SS retirees, now it went down to about 5 per ss retirees. It is due to baby boomers, they just began their retirements while there is fewer people to be able to support the system. In other words, SS pays out more than they get income, this will eventually bankrupt SS otherwise reform is made, and it won't be good.

CrazyPaul said:
I believe that SS recipients pay for Medicare premiums every month. Also while I work for USPS under the federal government, I pay Medicare and SS taxes which are two of my payroll deductions.

IMO, the government needs to cut down military spendings and to allow pay cuts for high-salary politicians.
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diehardbiker said:
Right, but the problem is that it is NOT enough to support the system. 50 years ago, 15-20 workers pays per SS retirees, now it went down to about 5 per ss retirees. It is due to baby boomers, they just began their retirements while there is fewer people to be able to support the system. In other words, SS pays out more than they get income, this will eventually bankrupt SS otherwise reform is made, and it won't be good.
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There is solution: increase the immigrants to match retiree to workers ratio.

It require more job expansion and job opening.

Other way is increase the retirement age or SS tax.

When most baby boomers are gone so SS will be relaxed if birth rate doesn't change, but it will be very very very long road to happen.
 
No, do the math work, it is serious and will take at least 70 years before they finally able to get more in than spend out. Nowadays people are living longer than ever, not like in the past and the better medical advances, it will push lifespan even longer.

First baby boomer got into retirement is about few years ago, no more than 5, I think.

Foxrac said:
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When most baby boomers are gone so SS will be relaxed if birth rate doesn't change, but it will be very very very long road to happen.
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diehardbiker said:
No, do the math work, it is serious and will take at least 70 years before they finally able to get more in than spend out. Nowadays people are living longer than ever, not like in the past and the better medical advances, it will push lifespan even longer.

First baby boomer got into retirement is about few years ago, no more than 5, I think.
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You missed my key word so read again in bold.

Foxrac said:
There is solution: increase the immigrants to match retiree to workers ratio.

It require more job expansion and job opening.

Other way is increase the retirement age or SS tax.

When most baby boomers are gone so SS will be relaxed if birth rate doesn't change, but it will be very very very long road to happen.
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I mentioned in bold - very very very long road so it does range from 50 to 100 years, so I understand the math work but you missed my key word.
 
Two keywords: Your Dead.

In other words, your be dead before they finally get back in control so whats the friggin point of not worrying?

Foxrac said:
You missed my key word so read again in bold.



I mentioned in bold - very very very long road so it does range from 50 to 100 years, so I understand the math work but you missed my key word.
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diehardbiker said:
Two keywords: Your Dead.

In other words, your be dead before they finally get back in control so whats the friggin point of not worrying?
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Not always, you never know that anyone can live for very long time, so 2087 will be 100 years from 1987 so I never know about death, so it can happen in anytime, especially car accident.

Couple of my classmates (Class of 2006) died from car accident in 2010.
 
What I am saying is that you may be already dead before they finally got their financial issues in order. I would rather worry for the time period that I need em, not after I got my ass buried 6 feet deep. Dead people don't get benefits from SS, right?

Foxrac said:
Not always, you never know that anyone can live for very long time, so 2087 will be 100 years from 1987 so I never know about death, so it can happen in anytime, especially car accident.

Couple of my classmates (Class of 2006) died from car accident in 2010.
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diehardbiker said:
What I am saying is that you may be already dead before they finally got their financial issues in order. I would rather worry for the time period that I need em, not after I got my ass buried 6 feet deep. Dead people don't get benefits from SS, right?
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For your question, so yes, you are right about dead people don't get SS benefits.

I'm favor entitlement reform now to make sustainable, long as they don't affect retirees after they into system, so it will affect to incoming retirees after reform has imposed.

I just gave an options to fix the entitlement like I mentioned in my post.
 
In favor of entitlement reform? Don't you realize that reform could have two ways Either left or right. What I am saying is that, if reform happens two possibility is reduce the entitlements or the other way, increase the entitlements. So, if government is so broke, what are the chances of reduce entitlement as compare of chance of increasing entitlements?

The chances are, they may cut entitlements and increase tax. Like I said it is just possibilities.

Foxrac said:
For your question, so yes, you are right about dead people don't get SS benefits.

I'm favor entitlement reform now to make sustainable, long as they don't affect retirees after they into system, so it will affect to incoming retirees after reform has imposed.

I just gave an options to fix the entitlement like I mentioned in my post.
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diehardbiker said:
In favor of entitlement reform? Don't you realize that reform could have two ways Either left or right. What I am saying is that, if reform happens two possibility is reduce the entitlements or the other way, increase the entitlements. So, if government is so broke, what are the chances of reduce entitlement as compare of chance of increasing entitlements?

The chances are, they may cut entitlements and increase tax. Like I said it is just possibilities.
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Whatever to make sustainable, like I said above, also whatever is allowed by law.
 
Did you realize that people gets more bucks per dollars during 70's than it is right now? During 70's people can easily live on welfare, SSI check were nice back then. I mean comparing with cost of living, during 70s SSI check covers rent, utilities, food and little more. Now with SSI, where do you find cheap apartment to live, pay utilities, and so on? That is because of reforms over years that help shrinking the buying power of these SSI, and other entitlements.
 
diehardbiker said:
Did you realize that people gets more bucks per dollars during 70's than it is right now? During 70's people can easily live on welfare, SSI check were nice back then. I mean comparing with cost of living, during 70s SSI check covers rent, utilities, food and little more. Now with SSI, where do you find cheap apartment to live, pay utilities, and so on? That is because of reforms over years that help shrinking the buying power of these SSI, and other entitlements.
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I wasn't born or being adult in 1970's, but if you ask Bottesini so she could remember that.

I just learned from history about income tax rate was very high and there was high inflation in 70's. There was nice about one in 70's, the cost of living between Mississippi and California weren't much difference, but today, California is more expensive than in Mississippi.
 
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