Tea Party causes Payroll Tax Increase

How is it paid for?

 

democrats plan, raise taxes on millionares

republicans plan, freeze federal workers wages.

both paid for the bill.

 

Have you checked the polls lately?

Don't count your chicken before they hatch!

 

That's how they PROPOSE to pay for it, nothing has been passed to pay for it. This money comes our the Social Security funds, are you proposing making some people pay more into the pension system and get less out of it?

What if you retired from your job and you have been paying in the same amount Joe had been paying in. But you also saved and invest your other money and had a couple of hundred thousand stashed away. And so you get a letter from the pension saying that since you had other money that your monthly pension was going to be lower than Joe's because he didn't save and it wouldn't be fair if you got the same he did?

 

happens all the time....guy works for 40 years paying in and drops dead after one check

 

So your solution is to kill everyone off after one check...........

So again are you proposing that some people pay more into it and get less out of it? If someone was trying to sell you a retirement program and they told you that you would pay in X dollars a month but Joe over there would only pay 1/2X but you both would get the same benefit, you would just subsidize Joe, would you sign up? Not unless you are a fool.

 

so I take it youre nto voting for any of the republican candidates who are promising you that very retirement plan?

 

I hope to have a chance to vote for a candidate that offers reform of the entire system and will not engage in a raid on it like the Democrats are doing.

 

is someone else getting in the race?

 

Yes.

Steel workers and plumbers will rely on a higher percent of SS to sustain their basic needs, while invesment banker CEO's, who will still draw SS, will rely practically on none of it, but are taking it from those that are in need.

If i had the income of a millionare (which the democrats plan began taxing) and i got that letter, do you think i would care?

 

If you didn't then you never would have become a millionaire.

So are you admitting SS is not a pension plan but a pay-as-you-go scheme?

 

let me correct a missconception here.

it's not millionares, people worth a million dollars but, a 1.9 percent surtax on income above $1 million a year, my mistake. I dont think our average joe can sock that away.

And no it's not a pay as you go scheme. I cannot pay for my retirement pension as i earn my retirement pension, therefor i cannot pay as i go.

 

I'm talking about the whole system, that it is a pay as you go system and taxing people who make more than a million more would not even be noticeable to total revenues going through SS.

So is it a pay as you go system or is it an actual pension system?

 

Um...it would be noticable to every working class american to the tune of about $20 dollars a week for salaries around $50k. For many in these hard times is an unnecessary burden.

It's actually called a defined benefit system.

I dont understand what point you're trying to make here. Why dont you just get to the bottom of it?

 

Why would they notice that millionaires are paying more? And I've been watch man in the street interviews and listening to radio callers all day laughing at the $20 and Obama wanting everyone to bow down and thank him for saving their Christmas.

Why do you let these politicans insult you so?

You think Social Security is a defined benefit system? Then how come the administrator of that plan can change the defined benefits I signed up for and I have no recourse. Like cutting how much I will get if I make too much money? Can you show me a private defined benefit system that operates on this principle that the more you make the more you must pay in but you get the same benefit as everyone else. And are you going to tell me that you would sign up for such a scheme?

That if it is a pension plan then the more you pay in the more you such get when you start to collect. That is NOT what the liberals what it to be. If it is a pay as you go system then the whole system is a lie and just a wealth transfer system, a welfare system.

 

What is paid for? That much less money affects social security that is already going broke because politicians spent it

 

They caving to Obama

 

Cut the rate, eliminate the cap.

 

And the more you invest in the system the more you will get when you collect right? Isn't it a pension system?

 

Why would they notice? Also keep up the watchmaning.

It is by definition excatlly that.

i dont beleive it's a voluntary system. either way the question in irevelent, a defined benifits system doesnt hing on the answer to this

None, your point? either way the question in irevelent, a defined benifits system doesnt hing on the answer to this

nope.

it's a social welfare system suprised?

 

This thread is a complete and utter failure and a lie.

 

Well it looks like someone has poo all over their face.......

......thank the Tea Party for extending the Payroll tax cut, and thank George Bush for those tax cuts when you get a chance.
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Thanks t party, thanks GWB. Those tax cuts have our economy rolling and tax revenue so high we don't need to print more money to keep everything afloat.
The whole country thanks you.

PS - and those jobs being created. Thanks again.

 

Well since they cause a 44% increase in revenues from the bottom of the recession he inherited, 30%+ over when he came into office he does deserve your thanks.

The problem is Democrat spending, not revenues.

Yep 52 months of full employment, he does deserve another thanks. You know you don't "create" a lot of jobs when you don't need them because everyone is working already.

 

You missed it. I did thank him. The housing bubble did exactly what you said. Increase revenues and full employment. Unfortunatly, it wasn't sustainable. For some reason the bubble burst.