Paying off debt is a good thing. How is that a stretch? The fact at hand is the Reagan tax increase for pre-funding Soc. Was spent and the T-bills must be paid in full. This was Reagan’s cute maneuver to raise taxes on the poor and middle class and still claim not to raise income taxes. He had to find some source to fund governmental spending while slashing income taxes irresponsibly.
By definition Social Security retirement benefits are not charity b/c the benefit can only be received if the worker pays into the system.
I stated that "So running astronomically high debts and then increasing taxes to pay them off is good for the economy? That's a stretch even for a socialist."
It seems all you saw here was "paying off debts" and you ignored the "running astronomically high debts" part. If you going to respond to something I say please respond to my point in it's entirety. Otherwise your just taking it out of context.
First of all, the President doesn't spend a dime or raise taxes, this is a function of Congress which the Democrats controlled during Reagans Presidency.
Reagan proposed and got through massive tax cuts across the board. During his Presidency government revenues doubled, so much for "irresponsible" income tax cuts.
Any government program that redistributes wealth is a redistribution program including the GI Bill.
SSI’s retirement benefit is supplemental not primary. You show me a private insurance company that provides for one low cost: retirement benefits, life insurance and disability insurance for life without qualifying exams for life and then we’ll see which system is better.
SSI’s death benefit is not dependent on insurability, private LI is. SSI wants to be inclusive. Private LI is exclusive.
Where do you get the notion that social security payments just stop upon the death of a spouse? You’ve never heard of the Widow’s pension for surviving spouses?
You right, the GI Bill is also an income redistribution program, but that wasn't the issue, you claimed that Social Security is the single most successful government program in history, and I just had to point out you were wrong.
I sure have heard of the Widow's pension for surviving spouses, and it SUCKS, here see for yourself
http://www.ssa.gov/legislation/testimony_050103.htmlSocial Security is low cost? 1 out 10 dollars I earn during my life goes to FICA and then they pay me about 11,000 dollars a year after I retire? Not only that but they're debts are going to surpass their assets before I even retire, causing them to lower these meager payments, raise the age I can receive benefits, and significantly raise my children's taxes?
Social Security is a poster child for what is wrong with government.
The trust fund is currently funded by T-bills. That is a debt instrument of the federal government since the money was borrowed from the trust to pay other bills. So I’m not sure what you are talking about.
“Investment in the stock market is not gambling?” Are you serious? Have you ever heard of options trading which, in some cases, gambles on the notion that a stock will lose money? Are you aware that due to the stock market tanking, some people’s 401(k) individual accounts have lost up to half of the equity?
It is not more likely than not that people will see their benefits reduced. I don’t know where you got that estimation.
I don't know how else I can explain this to you: There is no Social Security trust fund, the money that goes into this trust fund is wasted every single year. What is left are IOU's, and they don't collect interest, so inflation eats the value of the trust fund IOU's alive.
The stock market is not tanking, it just gained 300 points yesterday, and it still up today. The market is adjusting itself after the sub-prime loan mess we've gotten ourselves in.
The stock market on average has grown in size every year, even during the depression the stock market grew on average, just slower, look it up.
The only reason your 401(k) is going to tank is if your an idiot and put all your equity in very few companies. Some people only buy stock in the company they work for, and then if the company goes under they're screwed. That's their fault for making bad decisions.
I didn't say that benefits will be reduced (they will be though) I said you won't get back all the money you paid into the FICA system. For example, if you make 50,000 per year and work for 50 years, you'll pay about $225,000 into the Social Security system over your lifetime. If you go by today's standards, you will get around $11,000 per year after you reach 65 years of age. At that rate, you'd have to live for 20.45 years after that in order to collect back everything you made during your life. So you'd have to live to be 85 years old, since the average life expectancy for American males is 77 years, your going to be short $36,000, on average.
With your 401(k) you get everything you paid into, plus interest and growth. I remember during 401(k) orientations when I was in the workforce, they estimated that if you have a matching 401(k) plan making about 50k per year for 50 years, you'll end up with around 1 million dollars when you retire, and it won't take 20 years for you to collect it, you get it all immediately.
Just let my put my 9% FICA tax into my 401(k), I'll think I'll live without my 250 bucks a week from the government.
Social Security retirement benefits were never ever meant to be the sole source of retirement income for anyone. It’s always been a supplemental benefit.
If that's the case why is it mandatory? Why can't I opt out of the system? If I feel like I won't need a supplemental benefit, and I feel I can invest my FICA taxes more wisely than the government, why can't I make that choice?
I guess having a healthy body is its own reward?
It is for you and me, but if you look at the obesity rates in America you'll see we're the exception unfortunately.
The thing is people respond to incentives, and financial incentive to encourage people to take better care of themselves will definitely save us vast amounts of money later on.
“one” refers to Canadians seeking out of province medical care.
The timing of this survey matters because private insurance for Canadians only recently became legal due to a supreme court ruling.
Then provide a citation so I too can read the information re your claim.
Sure, here you go:
http://www.newcoalition.org/Article.cfm?artId=16801We want doctors to change their behaviors from that of careless and incompetent to careful and competent. Let's face it, it's a field that demands a lot from its practitioners.
"The total cost of medical malpractice insurance is less than 2 percent of all U.S. health care spending." Do you think the author of the article is lying?
http://www.cnn.com/2004/LAW/07/27/sebok.edwards/index.html?iref=newssearch
So your saying all doctors that make mistakes are incompetent and should be sued? Why do you not demand any discretion from the sue happy trial lawyers? Is it not possible that they're careless and incompetent too?
Look if you going to respond to what I say at least take the time and read what I have to say.
I did not disagree with the fact that "The total cost of medical malpractice insurance is less than 2 percent of all U.S. health care spending." That may very well be true. What I was saying is that the cost of medical malpractice insurance is not the only way malpractice lawsuits affects the cost of health care.
I told you before, irresponsible malpractice lawsuits alters the behavior of doctors. The doctors perform more procedures and test due to fear of being sued. These unnecessary procedures are not free, they cost more money thus increasing all of our premiums.