Forum Post: Deficit Supercommittee was formed to gut Social Security!
Posted 13 years ago on Nov. 14, 2011, 11:36 a.m. EST by HitGirl
(2263)
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Jettison the Republicans along with their crazy ideas so America can work again. The income of the wealthy has increased 240%. If Republican ideas were sound we should be swimming in jobs. Leave Social Security alone! We the People pay for THAT not your wars! Tax the wealthy since they've directed all the money to themselves. Voters need to VOTE OUT the slaves of the one-percent!
Link to story...
http://news.yahoo.com/no-deficit-deal-sight-despite-prods-obama-093125475.html
The Social Security Trust Fund is a very attractive target for cuts or even elimination. There is over $2.7 trillion in accounting available and over $2.3 trillion in governmental IOUs, the interest has not been returned to the Trust for nearly 40 years having been redirected to the general fund.
Billions of dollars in interest, IOUs that will most likely never be paid makes the Social Security Trust Fund a resource that has not yet been tapped out.
The hue and cry over SS should have begun 40 years ago, if the fund had been left alone it would be totally self sustaining without further contributions from the public or conversely the FICA deductions from wages could be directed into health care programs up to and including the promises made to our veterans by our government, without all the fear currently expressed over such programs.
And it will gut SS.
Not only that but it will happen with two party support.
Nine of the twelve members of the Super Committee voted, in 1999, to repeal Glass-Steagall. In other words they caused the financial collapse and now they are in charge of cleaning up the mess that they made.
Five of the Democrats and four of the Republicans in the Super Committee repealed Glass-Steagall causing the financial collapse of 2008.
See for yourself at: The Congress that Crashed America http://home.ptd.net/~aahpat/aandc/congcrash.html
Good Link.
"During debate in the House of Representatives, Rep. John Dingell (Democrat of Michigan) argued that the bill would result in banks becoming "too big to fail." Dingell further argued that this would necessarily result in a bailout by the Federal Government."
I am encouraging people who have representatives on the S-900 list to write to those representatives and tell them that you will not vote for them again until or unless they repent, co-sponsor and push to a vote H.R. 2451 The Glass-Steagall Restoration Act of 2011. The links to contact your congress critters is on the Congress that Crashed America web page. Spread it freely and widely.
Will do.
United States claims to be the leader of democracy in the world and puts it resources including force to bring democracy to other countries in the world. But, is there a real democracy in United States? The Constitution of United States was imposed in closed doors by 55 elite members, to be followed by millions of poeple. Was there any voice allowed by the people to provide any opinion? Same Constitution created Legislative, Executive and Judiciary branches to dictate policies by selected groups of elites, for the millions of people. Do these few selected groups of elites serve the interests of people, or the interest groups they benefit from? These select groups of elites could not even figure out to solve financial crisis among many others. Now, they have selected super elites of few to dictate solution to financial crisis. Do they represent any concern for the miseries of people or their decisions are limited to benefit interests of handful of other elites they benefit from? Is this the democratic way to lead democratic world?
Your analysis is accurate Lamash. More Constitutional amendments have dealt with the EXTENSION OF VOTING RIGHTS than any other single issue.
The NEXT LOGICAL STEP in the extension of voting rights, is a PUBLIC VOTE OPTION on the COMPETING final Democratic vs final Republican VERSIONS of Congressional BILLS. Described further in my lonely OWS thread http://occupywallst.org/forum/public-vote-option-on-competing-democratic-vs-repu/
Yea or Nay...
all of this will mean nothing in a years time. the shift most expect, is not coming, but a shift is coming :)
Is that a general comment or do you have the inside dope?
most of the people on here are looking for some revolution or some singular point they can look at and say "that was it". I can't remember talking to one person on the web or otherwise that appreciate the subtle changes they have already made. These subtle changes will unfold and the world will change while people wait for a moment that will never come. Never appreciating the true power this movement has. Underestimating to the point of ignoring the one power they do have. Social perception. Not powerful enough? ask your grandmother or an African American the power of social perception.
"Social Perception." Good term, academically concise. I refer HitGirl's thread here "Deficit Supercommittee was formed to gut Social Security" to the Copenhagen Interpretation perception of quantum entanglement.
Meaning the Quantum Field Social Perception I have of the OWS/Corporate revolution unfolding is a global quantum information field theory ENTANGLEMENT OF SNAKES.
In fact, if y'all don't mind HitGirl and fredastaire, I just copied that last sentence to start a new thread. Of course I'll post a link back here where the idea started. Anyway here's that new thread http://occupywallst.org/forum/quantum-information-field-theory-social-perception/
Well, agreed. So you were making a general statement. It does appear that a number of influences have come together to push us to change for the better. On the other hand it all seems part of the same tired cycle.
it will only be more of the same if people relent. This forum has had the opposite effect the chaos was intended to create because true chaos cannot be cultivated. Instead of firing people up, it has made people tired. So has the intentional lack of direction. The reason I am sure this is not over is the number of people. Persons of action realize the value of this many people in such concentration. They will create mini movements and social networking will play a role in connecting those mini movements. This makes it impossible for a small group like the government or anyone else to derail the movement.
Be looking for a large rally by OWS that sputters. This will begin the next phase.
I do have inside "Dope" lol. but that is for another time.
I don't think this forum is about OWS. I think it's about internet forums. I mean as far as this forum is descriptive of anything. It's typical...lots of trolls, different factions, and occasionally some good on-topic discourse. Who knows? Maybe that is OWS. I haven't been to a single Occupy site.
Social Security is actually the most successful govt program in history...all that is needed to "fix Social Security" is pay back all the money stolen from the Social Security Trust Fund...starting with the 1982 Reagan-Democrats serial raping spree continuing now thru 2012.
Whereby the "miracle of 7% interest" the surplus funds could have been doubling every 7 years, enough to pay for future shortfalls.
Hey HitGirl what d'ya think of this as way to VOTE OUT the slaves of the 1%: http://occupywallst.org/forum/public-vote-option-on-competing-democratic-vs-repu/
The "stolen" money is actually invested in US bonds. That's how the US borrows money. Just ask China.
The US is now buying its own US bonds. That's EPIC SYSTEM FAIL.
No need to ask China. I can tell you the US Treasury recently bought back from China its long-term bonds in exchange for short-term notes. Amounting to a huge wind-fall for China.
Well, in a sense we're buying the bonds. But no one asked us. Do you have a link to that info?
Here is the wikipedia link for Quantitative Easing (QE) where "the central bank may perform quantitative easing by purchasing a pre-determined amount of bonds or other assets from financial institutions without reference to the interest rate.[5][22] The goal of this policy is to increase the money supply rather than to decrease the interest rate, which cannot be decreased further.[23] This is often considered a 'last resort' to stimulate the economy.[24][25]" http://en.wikipedia.org/wiki/Quantitative_easing
Another way of stating it is we are at the stage of the crisis, where crimes are being committed that we don't hear about until after its over.
I copied the link. Have to look at it later...
The Democrats are very intent on social security reform, too. It's a mutual effort.
True! Many progressive Democrats want to lift the cap, which is just another kiss-ass giveaway to the rich.
"Voters need to VOTE OUT the slaves of the one-percent!" Ironically,that's 99% of them.
Maybe not quite 99% but it's a lot. You didn't get that number from Herman Cain by any chance?
Nope I didn't.
No, actually you DONT pay for ss. Your corporate employer does.
No. It comes out of my paycheck. It's money I earned for my hard work. That's how capitalism works.
no, if you ever ran a business you would know that the employer pays ss not the employee. Go to the IRS and read it for yourself. If you were "self-employed" you would be REQUIRED to pay ss.
I guess those pay stubs I've been getting all my life with the FICA-SS deducted from my pay are just for show. By the way, SS also sends me a statement of MY contributions. What planet are you from??
YOU didnt pay it. The government FORCES the business to pay it. It is a REQUIREMENT. If it was your way then you would have gotten the full amount and YOU would have sent the money in.
Are you that stupid? Are you? Just because it's more convenient to collect one SS check from the employer of a thousand people instead of 1000 SS checks just means they're being practical. Only an idiot would collect it the other way.
The employer is also liable for 6.2% Social Security and 1.45% Medicare taxes,[9] making the total Social Security tax 12.4% of wages, and the total Medicare tax 2.9%.
All of that comes out of the hourly rate I get paid. Yes the employer pays me, but all of those taxes come out of the money I make.
Under the Federal Insurance Contributions Act 12.4% of earned income up to an annual limit must be paid into Social Security, and an additional 2.9% must be paid into Medicare.
That limit is $106,800 for 2010.
There are no earned income limits on Medicare taxes -- so even if your salary is well above the cap for Social Security tax, you will still owe Medicare tax on your total earned income.
If you're a wage or salaried employee, you pay only half the FICA bill (6.2% for Social Security plus 1.45% for Medicare), and the tax is automatically withheld.
Your employer contributes the other half.
For most people that means 7.65% of their paycheck is withheld and their company pays another 7.65% on their behalf.
So you're saying we're both right.
Nope. I'm right and you are wrong.
In your above situation both the employer and employee pay SS. "For most people that means 7.65% of their paycheck is withheld and their company pays another 7.65% on their behalf."