Discussion in 'Politics' started by bgkyarcher, Oct 22, 2018.

  1. bgkyarcher

    bgkyarcher 12 pointer

    Aug 23, 2011
    Why? Why would the GOP go after social security and medicare? I'm full tilt conservative, but this baffles me. On top of that, why on earth would Mitch announce their plans 2 weeks before mid terms?
    MoMan and drakeshooter like this.
  2. EdLongshanks

    EdLongshanks 12 pointer

    Nov 16, 2013
    Northern Kentucky
    It’s a pro active plan. Something needs to be done and they are demonstrating that they want to fix it. Makes sense to me. The debt is continuing to pile up. They need to do something to counter act the obscene amount. Plus I think they have the political capital to get it done. I also think his comments were blown waaaaaay out of proportion
  3. bgkyarcher

    bgkyarcher 12 pointer

    Aug 23, 2011
    Social security and medicare are self funded.
  4. EdLongshanks

    EdLongshanks 12 pointer

    Nov 16, 2013
    Northern Kentucky
    Not really. There is not enough money put into the system as compared to what is paid out. They haven’t been properly funded for years. It’s just a terrible communist idea that has never and will never work.
  5. bgkyarcher

    bgkyarcher 12 pointer

    Aug 23, 2011
    OK. maybe I'm just misguided. Please educate me.
    EdLongshanks likes this.
  6. EdLongshanks

    EdLongshanks 12 pointer

    Nov 16, 2013
    Northern Kentucky
    Although Social Security was intended to be self-sustaining over the long term, its financing is susceptible to factors unforeseen by its creators. As the United States has undergone significant demographic and economic changes over the decades since Social Security’s inception, Social Security’s projected date of insolvency has drawn closer.

    Some of the reasons cited by the trustees for these declines over the years have included decreased mortality, lower birth rates, higher incidences of disability, lower economic growth, reduced average hours of work, lower interest rates on the trust fund, and higher inflation. Additionally, legislative changes, such as enhanced and new benefits, have affected Social Security’s solvency.
    ~heritage foundation.

    People retire too young. They live too long. They don’t put enough money in to justify the amount they withdraw.
    bondhu likes this.
  7. WildmanWilson

    WildmanWilson 12 pointer

    Dec 26, 2004
    Western Ky.
    When S.S. was formed you were to start drawing at 65. This was also about the average life expectancy at the time. It wasn't meant to be a retirement plane for living 30 more years.

    On top of that the government is horrible at running any program efficiently. There is absolutely zero chance of it surviving the way it is now. The unfunded liability is staggering to what this all will cost. Its mathematically impossible for it to stay viable unless something changes. Even then it probably going to mean continuing raising the retirement age and taking out more from our pay checks.

    With the economy rolling and more people paying in it would be a great time to create a real lock box and sock away all the extra revenue rolling in.
    EdLongshanks and bondhu like this.
  8. rcb216

    rcb216 12 pointer

    Sep 25, 2005
    Robertson Co.
    ^^^^^ Good Points^^^^^
  9. 120+

    120+ 12 pointer

    The retirement of baby boomers was the beginning of the end for social security. I'm not counting on it since it will probably be gone or at least cut in half by the time I retire.
  10. reivertom

    reivertom 12 pointer

    Dec 17, 2007
    Greenup Co.
    At first they were, but in the 60s, LBJ and his merry band of raiding Democrats change the rules so instead of the money being protected, it could then be plundered to buy votes with pork belly projects. This is why it's running out of money. If anybody else violated a trust fund like this, he'd be in prison......not in the Swamp!
  11. Wildcat

    Wildcat 12 pointer

    Jan 7, 2002
    Ledbetter, Ky.
    Don't forget Obama took $700 Million out of Medicare to help start Obamacare with the promise to pay it back. He NEVER paid one dime back.
    MoMan, Dark Cloud, Nock and 2 others like this.
  12. bondhu

    bondhu 12 pointer

    Jul 3, 2015
    Battle Run
    DNC will use Andy's line "leave it alone and it will work itself out":)
  13. Gforcetrivers

    Gforcetrivers 12 pointer

    Sep 23, 2016
    SS needs to be replaced with a defined contribution plan ( 401k ) style similar to a HSA Health Savings Plan. BUT it will take time to wean the country off of this without to many falling through the cracks.
    bondhu, ojibwa62 and drakeshooter like this.
  14. The entire point I think is this was a stupid time to bring it up and that ain’t debatable. Thank God the Dimocraps have a lot of excess baggage right now.
    carnivore and MoMan like this.
  15. ojibwa62

    ojibwa62 12 pointer

    Jul 1, 2018
    The problem is people are living much longer today, when SS was started most died in their 60s now it's 70s and 80s or more , also what workers under 4O are paying in now is being used for retirees there is no lock box or savings acct.. what you pay in now and goes right back out.

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