BS: *Strengthening* Social Security...

Subject: RE: BS: *Strengthening* Social Security...
From: Bobert
Date: 08 Feb 05 - 08:39 PM

Good point, jaze, but we ain't gonna get noone from Boss Hog's neighborhood to accept no cuts in *their* entitlements... The best thing we can do now is offer alternatives top the *leech* solution propsed by the head leech himself...

Bobert

Subject: RE: BS: *Strengthening* Social Security...
From: jaze
Date: 08 Feb 05 - 08:36 PM

Perhaps Congress and others in Gov't should only have SS to rely on for their retirement, like so many others. See how fast they'd wanna ditch it. They get princely retirement plans, so why should they care what happens to SS. They are after all, public servants who chose to be where they are. Let them live like the people they represent and maybe you'll get some real representation.

Subject: BS: *Strengthening* Social Security...
From: Bobert
Date: 08 Feb 05 - 08:14 PM

Well, just as the Iraq war, I think the the Bushites have shot themselves in the foot in trying to create a crisis with the Social Security system.

I'm sure that prior to the 2004 election there were many hard working folks who were unaward of just how the current system lets the wealthy off beyond $90,000 a year in taxable income.

But over the next month or so, even Bubba will know. I'm not too sure that the Bush folks want Bubba to know too much but....

But that's a different problem for the Repubs...

On another thread where I was being accused by another Catter of being a compaliner without any ideas I was challenged to come up with what I might propose. And this is what I proposed:

Reduce the contribution of 6.2% from both the employer and the employee to, say, about 5% and...

...REMOVE THE CAP!

This will help small business. This will help the self employed. And this will sure up te system forever...

I would even entertain a reduced conributions as the taxable income increases so that the super rich won't feel as if they are carrying the system but not the current near exemption by the rich folks...

Think about this. This is the CURRENT system:

Family A:

Father: Earns $90,000................. pays $5,580 a year into SS
Mother: Earns $90,000................. pays $5,580 a year into SS
Oldest kid works part time and
summers makes $7,500.................. pays $ 465 a year into SS
Youngest kid works part time and
summers makes $3,700...................pays $ 229 a year into SS
                                             _______

Total income $191,200                        $12,285 a year into SS


Family B:

Father: CEO of Pillowtex Corp
of North Caolilna who has just
shut down the company's last US
plant, laying off over 3,000
employees, shipped the company's
eguipment to Palistan where the
company will hire 3,000 Pakistanis.
Earnings: $2,500,000                         $5,580 a year into SS

Mother: Spends hubby's money, plays
golf, tennis and word on the sreet,
is follon' around with the guy who
comes by once every few days to service
the olympic lenght swimming pool.
Earnins: Zero                                  Zero a year into SS

Oldest son: Attends Yale. Smokes lots
of good dope. Has a 2.5 GPA.
Earnings: Same as moms                         Zero a year into SS

Younger sister: Senior at private school
outside of Charlotte. Rides horses. Just
wrecked her 3rd Mercedes. Rumored to, ahhh,
have done every guy on the football team.
Earnings: Same as big brother & mom            Zero a year into SS

Family B Totals:

Earnings...................$2,500,000         $5,580 a year into SS

This is the current state of affairs in America!!!

How much more do we really want to squeeze the working class?

What I proposed above I think is REASONSABLE and will strengthen the system.

One thing I can agree with Bush on. The way it is is definately screwed... but, IMO, in favor of his friends...

Bobert