Social Security Lockbox

[dellinger63]

Originally Posted by Riot

Social security monies and Medicare monies are kept separately, though, each is an independent percentage of FICA.

Again, the only change I would make is raising the cap to $250,000. No need to raise the age if that is done. No "overhaul" needed, just a tweak. People in America work longer than other countries to get to retirement already.

Bullshiat!

The cash, collected in the form of taxes, is deposited into the general fund and then 'credits' (future tax promises) are issued to each's account. The 'cash' meanwhile goes to everything from the bridge to no where to Obama flying home for his b-day bash.

If we only had the monies kept seperately we'd have only 30% of the debt we do now!

[Riot]

Originally Posted by dellinger63

Bullshiat!

The cash, collected in the form of taxes, is deposited into the general fund and then 'credits' (future tax promises) are issued to each's account. The 'cash' meanwhile goes to everything from the bridge to no where to Obama flying home for his b-day bash.

If we only had the monies kept seperately we'd have only 30% of the debt we do now!

That doesn't even make any remotely logical sense.

Oh, wait! I think you thought I meant that the funds are physically kept separately. LOL - no. That's not what I am saying when I say the "funds are kept separately". I am talking about normal accounting procedures. Not your scenario of a man cashing your check, and putting money into little separate piles .... Seriously? That's how you think? You think that people (employers) should be required to write a separate check for each separate Med and SS account? LOL!

Dell, I want you to do something really brave: go read Wikipedia, regarding "Social Security - United States"

[dellinger63]

Originally Posted by Riot

That doesn't even make any remotely logical sense.

Oh, wait! I think you thought I meant that the funds are physically kept separately. LOL - no. That's not what I am saying when I say the "funds are kept separately". I am talking about normal accounting procedures. Not your scenario of a man cashing your check, and putting money into little separate piles .... Seriously? That's how you think? You think that people (employers) should be required to write a separate check for each separate Med and SS account? LOL!

Dell, I want you to do something really brave: go read Wikipedia, regarding "Social Security - United States"

and you go take a reality pilll.

If the SS tax was actually invested in the same form it came in, CASH (even in actual T-bills) the roughly 40% of taxes paid in 'cash' taken in each year wouldn't be available to 'waste' on political pork whether it be reps or dems.

It's that simple!

[dellinger63]

Originally Posted by Riot

You think that people (employers) should be required to write a separate check for each separate Med and SS account? LOL!"

absolutely not.

I think the Fed should not be paying for anything other than SS benifits with SS taxes. Whether the money be borrowed or not. Anything wrong with that?

BTW I like the fact property taxes (though far too high) are itemized to show exactly who's receiving money and how much. I'd like SS to do the same and simply list who and how much is being distributed via the FICA with holding.

Or simply allow those contributing to opt for (paid for in full T-bills) or credits. Then we could seperate out the suckers!

[Riot]

Originally Posted by dellinger63

and you go take a reality pilll.

If the SS tax was actually invested in the same form it came in, CASH (even in actual T-bills) the roughly 40% of taxes paid in 'cash' taken in each year wouldn't be available to 'waste' on political pork whether it be reps or dems.

It's that simple!

You can't compare apples and oranges. You can't simply ignore certain facts. You are making no sense whatsoever.

I think the Fed should not be paying for anything other than SS benifits with SS taxes. Whether the money be borrowed or not. Anything wrong with that?

I guess you are just completely not paying any attention at all to what I've written about that. I give up.

[Danzig]

Originally Posted by Riot

Social security monies and Medicare monies are kept separately, though, each is an independent percentage of FICA.

Again, the only change I would make is raising the cap to $250,000. No need to raise the age if that is done. No "overhaul" needed, just a tweak. People in America work longer than other countries to get to retirement already.

It's really physically hard for alot of 67 year old people to work, even if they do have an office job. If they are laid off after 55, good luck ever finding a job again. Why make elder poverty worse? Let's make it better, let's make less of it.

Again, I see no need to change the qualification credits. Although everyone is "fully vested" after 10 years of nonstop work, they are not all paid the same at retirement, because that depends upon your individual income.

yes, i know benefits are dependant on one's income-but there is no reason someone should pay zero for medicare part A after only 10 years work...or get full credit for money put in. the requirements should be stiffer, because there are plenty of people who work the system-much like some people at the mill here who know exactly when to stop working for the year and go on fmla, so that they get that 'free money' when they file (earned income tax credits-where you pay next to nothing in, but get thousands back as a 'refund') the following spring.