Doc Posted December 2, 2022 Share Posted December 2, 2022 3 hours ago, Chef Jim said: The GOP eliminating SS was never an issue to begin with. Do you feel SS needs to be updated? If so how? Shows what clowns they are. Even in the most optimistic red wave scenario, the Repubs weren't going to get a veto-overriding majority. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 4 hours ago, BillStime said: Never an issue? Rick Scott’s 11 point plan was to sunset SS in five years. And if SS needs adjustments - I do not want the GOP anywhere near leading those changes. Oh no!!!!!!! Sunset! 😱 You understand what that means regarding SS right? Government sunsets things all the time. Trump’s tax cuts are set to sunset. If it needs adjustment? If?? What suggested changes would you make regarding SS? Link to comment Share on other sites More sharing options...
BillStime Posted December 2, 2022 Author Share Posted December 2, 2022 11 hours ago, Chef Jim said: Oh no!!!!!!! Sunset! 😱 You understand what that means regarding SS right? Government sunsets things all the time. Trump’s tax cuts are set to sunset. If it needs adjustment? If?? What suggested changes would you make regarding SS? Americans are living longer - raise the retirement age to 68 or 70. Do a recurring audit on SS - identify savings by addressing overpayments to beneficiaries. Make government smaller at both the federal and state level. There is too much bloat and redundant spending: Create a waste commission Enforce spending caps Dissolve towns and villages Combine school districts and other government agencies, etc. Increase tax rate on the rich and corporate America. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 4 hours ago, BillStime said: Americans are living longer - raise the retirement age to 68 or 70. Do a recurring audit on SS - identify savings by addressing overpayments to beneficiaries. Make government smaller at both the federal and state level. There is too much bloat and redundant spending: Create a waste commission Enforce spending caps Dissolve towns and villages Combine school districts and other government agencies, etc. Increase tax rate on the rich and corporate America. First Bullet Point. Are you talking FRA? What about the ability to take SS at 62? What about the 8% increase from FRA to 70? Second Bullet Point: You do realize that's why Scott wants to sunset SS right? To force it to be looked at and revised on a regular basis Third Bullet Point: Good...good. Now let me ask you what will less spending on the state level do for SS? You realize SS is a federal program right? What do you mean dissolve towns and villages? Explain this further on why/how and what this will do to bolster SS. Fourth Bullet Point: Please explain how this will help SS? SS is not funded by corp taxes. I'll give you an A for making an actual adult attempt at solutions but a D for how your ideas will help. 1 Link to comment Share on other sites More sharing options...
BillStime Posted December 2, 2022 Author Share Posted December 2, 2022 11 minutes ago, Chef Jim said: First Bullet Point. Are you talking FRA? What about the ability to take SS at 62? What about the 8% increase from FRA to 70? Second Bullet Point: You do realize that's why Scott wants to sunset SS right? To force it to be looked at and revised on a regular basis Third Bullet Point: Good...good. Now let me ask you what will less spending on the state level do for SS? You realize SS is a federal program right? What do you mean dissolve towns and villages? Explain this further on why/how and what this will do to bolster SS. Fourth Bullet Point: Please explain how this will help SS? SS is not funded by corp taxes. I'll give you an A for making an actual adult attempt at solutions but a D for how your ideas will help. Of course, only you have the solutions so let's hear them... Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 (edited) 27 minutes ago, BillStime said: Of course, only you have the solutions so let's hear them... I've given them before so I will give them again. These all relate to SS directly whereas your ideas did not. Interesting you didn't answer my questions regarding your ideas. Very telling.......as usual. 1. Eliminate the ability to take SS at 62 2. Raise the FRA to 68 and reduce the 8% increase in benefit between 68 and 70 to something like 5%. For someone who's FRA is 66 if they wait until 70 currently that is a 32% increase in their benefit. Too much a. Review FRA every 5 years and adjust that based on life expectancies. Life insurance companies revised their mortality tables a few years back so can SS 3. Increase the income threshold for for SS taxes. There still needs to be a cap but I feel it's too low. 4. Allow people to opt out of the plan altogether. Maybe make it so they can only opt out if they have a qualified retirement plan and they are required to contribute the 6.2% to the plan and their employer's 6.2% goes in as a match. We don't want them opting out and just spending it. 5. Change way COLA is determined. It's based on CPI and seniors spending is way different than the typical worker. This often skews COLA too high. Edited December 2, 2022 by Chef Jim 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 I just did a calculation on my SS. I have a 44 year work history. Half of those year were not a lot of money due to working in restaurants. However I took my average annual income and took 6.25% (my SS contributions) of that and calculated what it would be today. I grew it at 9% which is about the 50 average ROR for the S&P 500. It came to $1.3m. If I drew 5% off of that and it averaged 5% I would earn $66k a year and leave my heirs the $1.3m principle. What's the max SS annual check? $40k is taken at FRA and $50k if taken at 70. Now lets add my employers 6.25% match you can double those numbers. Yup SS is a effing ripoff. Link to comment Share on other sites More sharing options...
BillStime Posted December 2, 2022 Author Share Posted December 2, 2022 21 minutes ago, Chef Jim said: I've given them before so I will give them again. These all relate to SS directly whereas your ideas did not. Interesting you didn't answer my questions regarding your ideas. Very telling.......as usual. 1. Eliminate the ability to take SS at 62 2. Raise the FRA to 68 and reduce the 8% increase in benefit between 68 and 70 to something like 5%. For someone who's FRA is 66 if they wait until 70 currently that is a 32% increase in their benefit. Too much a. Review FRA every 5 years and adjust that based on life expectancies. Life insurance companies revised their mortality tables a few years back so can SS 3. Increase the income threshold for for SS taxes. There still needs to be a cap but I feel it's too low. 4. Allow people to opt out of the plan altogether. Maybe make it so they can only opt out if they have a qualified retirement plan and they are required to contribute the 6.2% to the plan and their employer's 6.2% goes in as a match. We don't want them opting out and just spending it. 5. Change way COLA is determined. It's based on CPI and seniors spending is way different than the typical worker. This often skews COLA too high. Great ideas. Question with number 4 - isn't the main issue with SS today that boomers are living longer and had fewer kids; thus not enough people contributing to SS? Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 12 minutes ago, BillStime said: Great ideas. Question with number 4 - isn't the main issue with SS today that boomers are living longer and had fewer kids; thus not enough people contributing to SS? Yes. It's a massive ponzi scheme. Why I didn't have kids. To ***** you over on your SS. LOL But that is one of the biggest challenges of planning. People outliving their money. Our grandparents retired at 65 and died at 72. I've recently changed most of my plan assumed age of death from 95 to 100. But look at me follow up post. The amount of money we've all put into SS along with our employers contribution shows a major mishandling of funds. My wife just said we should sue the government for misappropriation of funds. LOL 1 Link to comment Share on other sites More sharing options...
BillStime Posted December 2, 2022 Author Share Posted December 2, 2022 1 minute ago, Chef Jim said: Yes. It's a massive ponzi scheme. Why I didn't have kids. To ***** you over on your SS. LOL But that is one of the biggest challenges of planning. People outliving their money. Our grandparents retired at 65 and died at 72. I've recently changed most of my plan assumed age of death from 95 to 100. But look at me follow up post. The amount of money we've all put into SS along with our employers contribution shows a major mishandling of funds. My wife just said we should sue the government for misappropriation of funds. LOL lol - you should - class action suit. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 2, 2022 Share Posted December 2, 2022 7 minutes ago, BillStime said: lol - you should - class action suit. Slippery slope man, slippery slope. They misappropriate every dollar they touch not just SS. 2 Link to comment Share on other sites More sharing options...
Doc Posted December 3, 2022 Share Posted December 3, 2022 What about increasing the wage base? 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted December 3, 2022 Share Posted December 3, 2022 22 minutes ago, Doc said: What about increasing the wage base? Increasing the wage base? You mean the level where income is no longer subjected SS tax? If so I mentioned that. 1 Link to comment Share on other sites More sharing options...
Doc Posted December 3, 2022 Share Posted December 3, 2022 7 minutes ago, Chef Jim said: Increasing the wage base? You mean the level where income is no longer subjected SS tax? If so I mentioned that. My bad. 1 Link to comment Share on other sites More sharing options...
BillStime Posted January 15, 2023 Author Share Posted January 15, 2023 Irony is dead Link to comment Share on other sites More sharing options...
T master Posted January 15, 2023 Share Posted January 15, 2023 On 12/2/2022 at 9:13 PM, Doc said: What about increasing the wage base? If they could find people that were willing to work rather than look at their texts & play games on their phones while at work it would be a good thing but while I was in Lowes the other day & saw more than 1 employee walking down isles starring at their phones instead of working . But all hell would break lose if they were told they had to turn their phones off while at work OMG !! It is something that needs to be addressed . 1 Link to comment Share on other sites More sharing options...
BillStime Posted January 17, 2023 Author Share Posted January 17, 2023 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 17, 2023 Share Posted January 17, 2023 Lets just leave it as it is, so it collapses or becomes insolvent vs fixing the issue with the trust being a slush fund for pet projects. Link to comment Share on other sites More sharing options...
SoCal Deek Posted January 17, 2023 Share Posted January 17, 2023 I distinctly remember when Joe Biden proposed slowly raising the retirement age during a presidential primary debate many many years ago. I thought it was a good idea then, and I still do today. Link to comment Share on other sites More sharing options...
BillStime Posted January 21, 2023 Author Share Posted January 21, 2023 Link to comment Share on other sites More sharing options...
B-Man Posted January 31, 2023 Share Posted January 31, 2023 Adam Schiff’s terrible, horrible, no-good, very bad week gets even WORSE pushing ANOTHER blatant lie How much in debt are we? See, Democrats don’t really want to cut ANY spending because you know, those special projects aren’t going to fund themselves BUT if they claim evil Republicans want to starve the aging and those with disabilities they can avoid the cuts. And score cheap points with stupid people. Americans are asking you to cut unneeded spending. You scream about social security and Medicare because you cant defend any of the rest of it. .https://twitchy.com/samj-3930/2023/01/30/adam-schiffs-terrible-horrible-no-good-very-bad-week-gets-even-worse-pushing-another-blatant-lie/ 1 Link to comment Share on other sites More sharing options...
BillStime Posted January 31, 2023 Author Share Posted January 31, 2023 1 hour ago, B-Man said: Americans are asking you to cut unneeded spending. Yet the MAGA cult in power in the House won’t release what they want cut - why is that Bonnie? Link to comment Share on other sites More sharing options...
SoCal Deek Posted January 31, 2023 Share Posted January 31, 2023 1 minute ago, BillStime said: Yet the MAGA cult in power in the House won’t release what they want cut - why is that Bonnie? Cut EVERYTHING! We’re $31,000,000,000,000 in debt. 1 Link to comment Share on other sites More sharing options...
B-Man Posted January 31, 2023 Share Posted January 31, 2023 (edited) 1 hour ago, B-Man said: And score cheap points with stupid people. Americans are asking you to cut unneeded spending. You scream about social security and Medicare because you cant defend any of the rest of it. 12 minutes ago, BillStime said: More proof of their success. No comment on Schiff. No comment on trillion dollar debt (from both parties) No comment on his past Social Security and Medicare mis-claims Just the usual swill. . Edited January 31, 2023 by B-Man 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 31, 2023 Share Posted January 31, 2023 11 hours ago, SoCal Deek said: Cut EVERYTHING! We’re $31,000,000,000,000 in debt. in the real world companies shed wages when crap hits the fan. half those agencies are jobs programs and a way to keep base of loyal state voters. Link to comment Share on other sites More sharing options...
B-Man Posted February 7, 2023 Share Posted February 7, 2023 Biden Busted by Twitter for Lying About GOP Medicare Cuts, While He's Targeting Medicare Advantage Joe Biden and his team have a history of telling falsehoods about Social Security and Medicare. I wrote in the past how they falsely took credit for a cost of living increase to Social Security required by law because of the high inflation they helped to cause. But one of the biggest lies they’ve been spreading is about Republicans — that they want to cut Social Security and Medicare. It’s something they’re constantly claiming, even though House Speaker Kevin McCarthy (R-CA) has said the programs are “off the table.” But that didn’t stop Joe Biden from lying about it on Sunday. Twitter flagged Biden’s tweet, pointing out what McCarthy said — that it was “off the table” in talks about raising the debt limit. When Twitter has to call you out, your lie is pretty bad. But not only is Biden lying about the Republicans, he’s also doing it while he’s making moves that could hurt Medicare seniors. His administration has released two statements in the past week related to two cuts, that would Medicare Advantage. First, the Centers for Medicare and Medicaid Services (CMS) announced that they would “claw back $4.7 billion from 2023 through 2032” in overpayments. That could then lead to “higher costs to plans” that “could lead some insurers to pull out of markets — and beneficiaries could face higher costs, fewer plan choices or reduced supplemental benefits under the Medicare Advantage program, per an Avalere analysis.” In the second move — which is even more concerning — Medicare Advantage insurers would face an average 2.3 percent cut to baseline payments in 2024, Biden’s CMS said on Wednesday. That would be a net cut of more than $3 billion to the industry. https://redstate.com/nick-arama/2023/02/07/biden-busted-by-twitter-for-lying-about-gop-medicare-cuts-while-hes-targeting-medicare-advantage-n699684 https://www.axios.com/2023/01/31/biden-clawback-billions-medicare https://khn.org/morning-breakout/cms-signals-that-medicare-advantage-payments-will-decline-in-2024/ So if Joe Biden wants to call out someone for targeting Medicare seniors, he may want to check a mirror. . 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 8, 2023 Share Posted February 8, 2023 Nice job Mr President! Link to comment Share on other sites More sharing options...
Doc Posted February 8, 2023 Share Posted February 8, 2023 I LOL'd when they jeered him. Joke. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 8, 2023 Share Posted February 8, 2023 2 hours ago, Tiberius said: Nice job Mr President! the best part about that tweet. is the countless bot profiles replying how amazing biden is. just the same comment over and over again. Like the #Dark Brandon thread or the white house account. Link to comment Share on other sites More sharing options...
Tiberius Posted February 8, 2023 Share Posted February 8, 2023 1 minute ago, Chris farley said: the best part about that tweet. is the countless bot profiles replying how amazing biden is. just the same comment over and over again. Like the #Dark Brandon thread or the white house account. Sure Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 8, 2023 Share Posted February 8, 2023 I am sorry you all sound the same and kind of come off like bots just repeating the same exact comments over and over like a chant. And both those sites on twitter are fine examples. 1 Link to comment Share on other sites More sharing options...
BillStime Posted February 8, 2023 Author Share Posted February 8, 2023 🎯 1 1 Link to comment Share on other sites More sharing options...
Doc Posted February 8, 2023 Share Posted February 8, 2023 4 hours ago, Tiberius said: Nice job Mr President! There goes that Dem talking point. Forever. D'oh! 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 8, 2023 Share Posted February 8, 2023 That was then. He’s of more clear mind now. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted February 8, 2023 Share Posted February 8, 2023 As Jon Karl (ABC) tried to spin the reaction of the GOP, even he said “the stuff he [Biden] said about Social Security was over the top” and “there’s nobody seriously talking about sunsetting Social Security in the Republican Party,” though he did seem that impressed that Biden could push this deception “with a smile.” If no one is “seriously” pushing it, then why is Biden bringing this up? The only answer to that is to gaslight the American people and everyone knows that. That’s not something that anyone should be defending. https://redstate.com/nick-arama/2023/02/08/even-abc-throws-in-the-towel-and-busts-biden-as-some-spin-his-social-security-medicare-remarks-n700558 Link to comment Share on other sites More sharing options...
BillStime Posted February 8, 2023 Author Share Posted February 8, 2023 Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 So many people depend on SS and Medicare GOP should be held to account for going after these programs 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted February 9, 2023 Share Posted February 9, 2023 12 minutes ago, Tiberius said: So many people depend on SS and Medicare GOP should be held to account for going after these programs What are your thoughts on Biden’s comments from when he was a senator regarding sunsetting these programs? That he hated America back then and should have moved to the Soviet Union? 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 9, 2023 Share Posted February 9, 2023 1 hour ago, JDHillFan said: What are your thoughts on Biden’s comments from when he was a senator regarding sunsetting these programs? That he hated America back then and should have moved to the Soviet Union? If he even said that, I'm glad he has changed. Glad he is now fighting against that nonsense What are your thoughts on Scott's plan? Link to comment Share on other sites More sharing options...
JDHillFan Posted February 9, 2023 Share Posted February 9, 2023 Just now, Tiberius said: If he even said that, I'm glad he has changed. Glad he is now fighting against that nonsense What are your thoughts on Scott's plan? If he said that? There’s video of it. Good heavens man! Anyone with the ability to think knows that entitlement programs cannot continue indefinitely on their current course. That doesn’t in any way assume you understand that as you are essentially a parrot for what the left tells you. Even Joe professed to know that at one time. I have an open mind on solutions. 1 Link to comment Share on other sites More sharing options...
Recommended Posts