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View Diary: White House: No Medicare age increase, cut Social Security instead (360 comments)

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  •  I am NOT quibbling about your military service. (2+ / 0-)
    Recommended by:
    peregrine kate, bewareofme

    As to the earned payments made by workers and employers into the Social Security plan I am merely citing the Social Security Administration itself when they note the average time to reclaim all those paid in contributions is about 37 months.

    Should Social Security payments be raised? Yes.

    Should the Cost of Living Adjustment for Social Security be indexed to the CPI-E for the elderly (that takes into account, for example, that the average retiree spends about 11% of their income on medical/drug/dental costs, vs. about 5.5% for younger people)? Yes.

    Should the $113,000 cap on income-based contributions be raised? Yes

    Should interest, dividend and capital gain income be subject to Social Security contributions (with an exempted amount for the poor and middle class)? Yes.

    (Several polls recently posted on KOS affirm these are overwhelmingly popular and intelligent positions.)

    But the idea that even with all these changes your contributions plus your employers' contributions will cover your checks from social security well into your 80s or 90s until death is still untrue and misleading.
         In the mid 1980s I knew people getting Social Security in the amount of $500-$700/ month. Some of these people had worked full time for all of 1959. If they had made the highest possible contributions for all of 1959 (and they did not) and these had been matched by their employer for all of 1959, the entire contribution for the year was under $400.

         As far as pensions and payments to members of the military specifically, my personal opinion would be that medical care should be provided to service members for life at public expense, that pensions should be set at 30% greater than average social security payments, and that funeral expenses should be covered in full at public expense (since the service was FOR the public.) Combat veterans (as opposed to support personnel) should have a higher rate yet.



    "God has given wine to gladden the hearts of people." Psalm 104:15

    by WineRev on Mon Feb 11, 2013 at 02:34:48 PM PST

    [ Parent ]

    •  Quite so. Most of us do receive more back (0+ / 0-)

      than what we ever contributed, personally or through our employers. I'm still not sure what you truly expect to come out of the horse-trading, if such elements of negotiating are actually part of the process--or what you would consider to be the minimally acceptable outcome.

      Some DKos series & groups worth your while: Black Kos, Native American Netroots, KosAbility, Monday Night Cancer Club. If you'd like to join the Motor City Kossacks, send me a Kosmail.

      by peregrine kate on Mon Feb 11, 2013 at 02:58:07 PM PST

      [ Parent ]

    •  But this is not being talked about (2+ / 0-)
      Recommended by:
      Jeffersonian Democrat, qofdisks

      in any reality-based negotation with the Rethugs.

      "Should interest, dividend and capital gain income be subject to Social Security contributions (with an exempted amount for the poor and middle class)? Yes."

    •  fine (10+ / 0-)

      but I am not elderly

      and neither is the 18 year old who lost her legs in Afghanistan last month.  None of those other proposals are even being mentioned.  And don't forget the short-term POW Jessica Lynch was also support personnel, she drove a truck.

      What is being mentioned is slashing my purchasing power by $1,900 dollars within twenty years, and it is being proposed by a supposedly Democratic President.  So, yea, I'm pissed every time they play political ping-pong with my livelihood and with every supposed democrat who tells me that warm wet feeling on my back is just the summer rain.  I never want to hear shared sacrifice again, just another lie

      Don't be a dick, be a Democrat! Oppose CPI cuts! Support Social Security and Veteran Benefits!

      by Jeffersonian Democrat on Mon Feb 11, 2013 at 03:57:20 PM PST

      [ Parent ]

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