do not increase the percent which is now 7.65%

eliminate the cap on income which is now $106,000.

discuss

Do you intend to increase distributions for those above that income level? Or use the excess collected to save the program? If the latter, you're changing the character of the program from a sort of personal savings plan to one that is specifically geared towards wealth distribution.

For further discussion - lower income people tend to have shorter lifespans. Discuss how the current system actually involves redistribution of wealth from the poor to the rich.

How about the Feds just give me all the money I put into Social Security - including the employer match - and I just opt out of the program?

^ I wish.

Another way is to set the eligiblity age at 78.

That's the average life of men in America,

That's what FDR did,,,

wheel,,

Mandoman - a common request. In all honesty had that really happened say under Bush's first term.... many folks would have had it in the market, which as one great american once said "thats gotta leave a mark"

that said I'm all for that as well.

Stop all government and state pensions as most large corporations have. Put all senators and representatives on 401k type plans that they have to contribute to. You would probably see Govt. address social security when it would be a bigger part oftheir retirement.

Force old people to "renew" at carousel.

soilent green is people

2. Author: TBWCW

social security is based on the amount you pay in, how long you have put money in and some other secret calculations designed to drive you crazy. i would continue the same formula.

If you remove the cap on taxable income, you also need to remove the cap on benefits to be paid.

Right now the percentage tax in 12.4%, not 7.65%.

As President Obama reshapes the USA through massive spending, we will reach a point where can no longer afford old people and some hard decisions will have to be made. They are an ever-growing burden on social security because we already take from the young to pay for the old and they will be the largest expense in Obama's natioanalized healthcare plan. Ultimately, Obama will decide we can no longer afford old people since they are no longer contributing to the tax rolls and society.

"Stop all government and state pensions as most large corporations have." - bgramza

YOU are obviously NOT retired military.

I have one thing to say to stopping the pension I earned by spending 20 years of my life serving my country... F*** that.

Soylent Green

1. Author: RICKAMAVEN Date: 07/01/2009 03:54 AM Reply

do not increase the percent which is now 7.65%

eliminate the cap on income which is now $106,000.

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First, we were told by Democrats in 2004 that there is nothing wrong with Social Security.

Second, if you want to "fix" Social Security - even though Democrats have told us that nothing is wrong with it whatsoever - the first thing you can go is get Congress to pay back all of the money they have taken out "on loan" from the fund.

So, this admission by you that something is wrong, meqans that you agree with former President Bush (43) that it needed to be fixed a long time ago.

There's hope for you yet!

Oh yeah: RENEW!!! RENEW!!!

Who directed it? I thought saving Pvt Ryan was good.

Turn old people into biofuels. Save the environment and social security all at once!

"So, this admission by you that something is wrong, meqans that you agree with former President Bush (43) that it needed to be fixed a long time ago."

he was right

Of Course Bush was right on this, his policies were part of the problem. There was supposed to be repayment occurring to SS during his admin (remember, he took over and the government was running a surplus) This did not occur due to the massive deficit spending to fund the 2 middle east wars. This will also not occur now due to the more than massive deficit spending to fund "economic stimulus".

19. Author: barryneedleman Date: 07/01/2009 03:15 PM Reply

Of Course Bush was right on this, his policies were part of the problem. There was supposed to be repayment occurring to SS during his admin (remember, he took over and the government was running a surplus) This did not occur due to the massive deficit spending to fund the 2 middle east wars. This will also not occur now due to the more than massive deficit spending to fund "economic stimulus".

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First, if you look at the Social Security "surplus" it was all projected...just like tax revenues and federal spending is usually projected.

Meaning that the numbers are pulled from somebody's a**, and have little to do with reality.

Secondly, that "surplus" was calculated based off of payments based on money owed from government borrowing.

In short, there never was a Social Security surplus. It was all made up.