This is a lie. What is proposed is that people that want to may take as much as 3% of the money taken for social security can be invested in a personal savings account. Just for the record I have one of those accounts because all federal employees have been able to have one of those accounts for the last 15 or 20 years. All the president wants to do is provide to the rest of the nation what all federal employees including congress have been using for years. Your democrat congress men and women have had this but they don’t want you and regular people to have it. Sounds like the rich democrats want people to stay poor.

What will happen if the private accounts are allowed for the general public it will mean that democrats won’t have the control over old people and their reelection votes by promising to increase social security and that the republicans want to reduce social security. It was the democrats that raided the social security fund to pay for social programs in the 60’s this is the reason why social security is in trouble to begin with.

Paladin77

“Or you can do what Mr. Reagan proposed which the democrats misrepresented Reduce the increase in benefits.”

That is cutting the benefits from what was promised. If you reduce the COLA you reduce the benefits to future recipients as inflation continues. As I said you EITHER CUT benefits or INCREASE TAXES. If the objective is to keep the promise made to workers, then there are only ONE option-- Increase taxes to fully fund the system.

fine, Col....raise taxes...beginning at your tax bracket....because, you probably have more than I do....and I should have what you earn....

“What will happen if the private accounts are allowed for the general public it will mean that democrats won’t have the control over old people and their reelection votes by promising to increase social security and that the republicans want to reduce social security. It was the democrats that raided the social security fund to pay for social programs in the 60’s this is the reason why social security is in trouble to begin with.”

First the private account issues DOES NOT solve the Baby Boomer Funding issue. They are too old for that change to have any chance to work. What moving part of the future Social Security taxes to private accounts will do is make the problem of paying the Boomers their retirement WORSE?

As to who is spending the Social Security taxes-- Bush has that down to a science. In 2006, he spent $226 Billion of Social Security and Medicare money on the Iraq War! Bush and Reagan are the presidents who have spent the Social Security and Medicare money and issued IOU's of about $3 Trillion dollars to those two trust funds.

How do you know?  If the "majority" that you claim you know so much about want us out of Iraq, then why don't democrats do it?  I see today they are already backing away from their de-funding the war rhetoric. 

If democrats would have campaigned on their desire to de-fund and lose the war, they would have lost!

You misrepresent the facts again.



COLA was never part of social security it was an add on. the promise was money witheld from your pay given to you after you stopped working. Because of the tax increases of the democrats people can't make ends meet. To make ends meet the democrats came up with a briliant idea. how about taxing social security payments. Yes rich people on social security. but wait, the democrats have already eliminated rich people from collecting social security even though the rich paid into it all their lives. so the democrats stole money from rich people and used that extra to give bonus payments to poor people. but eventually even poor prople on social security are rich so they began taxing the retirement payments. so now your plan is to tax people even more. We have taken fully one third of the nation off the tax rolls. of the two thirds that are left the top 50% pay 95.68% of the tax burden. Think about this col political hack, of the top two thirds of the population the top half of that pay the majority of the tax bill. The conservatives want to reduce the tax burden on the rich because they are the only ones paying taxes. The bottom third, the poor, pay no taxes at all. the middle class is in the bottom half of the top two thirds so they pay taxes but not all that much maybe six or eight thousand dollars a year.

IslandDog

Bush has already lost the Iraq War and that was because he did not listen to the generals about sending 500,000 troops not the 150,000 he sent which could not establish and maintain control over the sectarian violence.
Without COLA the payments would NOT keep pace with inflation? The COLA has been a factor for longer then I can remember and is needed for people to live. In fact the items in the COLA should be adjusted since some of the items included have nothing to do with inflation as it affects the retired.

"The bottom third, the poor, pay no taxes at all." All people working legally, including the bottom third paid Social Security and Medicare taxes. You are WRONG again! The bottom 20% do not pay income taxes.

Tell that to Canada.

The vast majority will choose to have neither tax increases nor spending cuts and hence have deficit spending. I think that should be pretty clear by now.

Since I'm okay with that solution, it's you that will just have to be unhappy and go live in another country.

 

This proves you are a member of the mega rich and have no idea how the rest of the world lives. If you are not making enough money to pay taxes you can fill out your W-4 and not have any money withheld, you would know that if you filed taxes, or had a job. You don’t care about the poor you just use them to make your point. Also keep in mind that you can file a tax return and get a refund if you have not paid taxes. Yes, if you are a poor person you can stop withholding and still get a refund of money you did not pay. Seeing as I did taxes for my clients I had to know those silly little tax laws.

The war will only be lost if democrats have their way.  You have something else in common with democrats, you both have already surrendered to defeat.

Social Security and Medicare taxes do not require filing anything. They are taken out of your wages as you earn the money. The statement that the bottom 1/3 pays no taxes is not correct.

You have also not answered the point that Bush has lied about the national debt. He has been telling us he cutting the deficit. Several people on this Blog site have said the same thing. In 2005 we had a deficit of 554 Billion; in 2006 we had a deficit of 574 Billion. For the first 5 months this year we had a $262 Billion dollar deficit. How the Hell is that cutting the deficit as Bush tells us is happening? How did we have an annual deficit in 2006 of $574 Billion and the President tell us the deficit was $248 Billion. LIES, LIES LIES.


Updated: 9:10 p.m. ET July 11, 2006
WASHINGTON - President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, saying it shows the wisdom of his tax cuts.
Bush himself announced the figures — a task that for the most part has been left to lower-ranking administration officials in the past. The new figures show the deficit for the budget year ending Sept. 30 will be $296 billion.*

*Last month Bush reported the actual deficit for 2006 was $248 Billion. The Treasury reported the 2006 deficit was $574 Billion!!!!!!! Bush is a lier

Yes, you are correct they are sort of taxes at leaset they are called taxes. I was talking about income taxes and social security and medicare are not part of the income tax. so you would not use a W-4

The bottom third, the poor, pay no taxes at all." All people working legally, including the bottom third paid Social Security and Medicare taxes. You are WRONG again! The bottom 20% do not pay income taxes.

What a crock!!! I was and am now again in that lower 20% and we DO pay taxes!!! We get "some" back, but not all.

Give it up col. You have no idea what goes on the "lower" tax brackets!

You have also not answered the point that Bush has lied about the national debt. He has been telling us he cutting the deficit. Several people on this Blog site have said the same thing. In 2005 we had a deficit of 554 Billion; in 2006 we had a deficit of 574 Billion. For the first 5 months this year we had a $262 Billion dollar deficit. How the Hell is that cutting the deficit as Bush tells us is happening? How did we have an annual deficit in 2006 of $574 Billion and the President tell us the deficit was $248 Billion. LIES, LIES LIES.

That was NOT the point! The point was at the time taxes. And as per usual when losing on a subject, you change the point!

drmiler

If you are truly making about $30,000 per year you are not paying any in Federal Income Taxes. You get a Standard deduction of $10,300 plus two exemptions at $6,600 = $16,900 giving you a taxable income of $13,100 . There is NO tax up to 15,100 of taxable income. If you make more then $30,000 you are not in the bottom 20%.