Social Security Cuts
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Sounds like a tiny fraction of what we probably need to cut out of SS but better than nothing I suppose.
Of course that's easy for me to say since any hits to Social Security probably won't include me.
WSS
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It's also going to be used to cut Military Retired pay COLA. He has already done away with TRICARE Prime health benefits for retiree's living over 40 miles from a Military Treatment Facility, which means come October I will have to pay significantly more for my health care. Terrible all the way around.
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It's also going to be used to cut Military Retired pay COLA. He has already done away with TRICARE Prime health benefits for retiree's living over 40 miles from a Military Treatment Facility, which means come October I will have to pay significantly more for my health care. Terrible all the way around.
It's also going to be used to cut Military Retired pay COLA. He has already done away with TRICARE Prime health benefits for retiree's living over 40 miles from a Military Treatment Facility, which means come October I will have to pay significantly more for my health care. Terrible all the way around.
It would. But the CPI changes wouldn't significantly affect anything. It'd lower the payments by .25%-.3%. If that's "significant" then what isn't significant?
And this gets to the problem with "cutting spending." Everyone says they want it, but they really don't want it when you tell them what "cutting spending" entails. The polls overwhelmingly bear that out. Americans don't want to cut anything but foreign aid. And they think you can get their by cutting "waste, fraud, and abuse." But you can't.
It's entitlements, mainly health care-related entitlements, and to a lesser extent defense spending. Or you have to raise taxes. Or do some of both. Because you can't wish away the demographics. We're simply getting older and we either have to pay up in taxes or give the retirees less, or some combination of both.
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It's also going to be used to cut Military Retired pay COLA. He has already done away with TRICARE Prime health benefits for retiree's living over 40 miles from a Military Treatment Facility, which means come October I will have to pay significantly more for my health care. Terrible all the way around.
It would. But the CPI changes wouldn't significantly affect anything. It'd lower the payments by .25%-.3%. If that's "significant" then what isn't significant?
And this gets to the problem with "cutting spending." Everyone says they want it, but they really don't want it when you tell them what "cutting spending" entails. The polls overwhelmingly bear that out. Americans don't want to cut anything but foreign aid. And they think you can get their by cutting "waste, fraud, and abuse." But you can't.
It's entitlements, mainly health care-related entitlements, and to a lesser extent defense spending. Or you have to raise taxes. Or do some of both. Because you can't wish away the demographics. We're simply getting older and we either have to pay up in taxes or give the retirees less, or some combination of both.
It would. But the CPI changes wouldn't significantly affect anything. It'd lower the payments by .25%-.3%. If that's "significant" then what isn't significant?
And this gets to the problem with "cutting spending." Everyone says they want it, but they really don't want it when you tell them what "cutting spending" entails. The polls overwhelmingly bear that out. Americans don't want to cut anything but foreign aid. And they think you can get their by cutting "waste, fraud, and abuse." But you can't.
It's entitlements, mainly health care-related entitlements, and to a lesser extent defense spending. Or you have to raise taxes. Or do some of both. Because you can't wish away the demographics. We're simply getting older and we either have to pay up in taxes or give the retirees less, or some combination of both.
I'm talking about the TRICARE payments raising significantly not the Social Security cola. I can understand civilians not giving a shit, really, I can. It's always this way after a war.
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It's not to say nobody gives a shit. Let's just stick to what's being proposed, first by the Republicans and now by the President.
Here's some quick math:
Based on the average monthly Social Security benefit in 2012, you're talking about taking out about $30-$36 a month, or about $7.50-$9.00 a week. $360-$443 a year. That's the cost to retirees and veterans.
The budgetary benefits are equal to about $230 billion over ten years.
Those aren't the only two options. You could keep or raise current benefits by raising the cap on payroll taxes, which was at $110,100 in 2012 and is being raised to $113,700 in 2013. But when you strip out all the posturing these are the choices on the table, and these are the benefits and the costs of the proposal.
Who likes this idea?
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I always liked the term skin in the Game , The congress and most Government workers , teachers , railroad workers don't pay into SSI so they have no skin in the Game . Witch is hypocritical .Give them the same healthcare and retirement as the nation and see if the attitude changes.
This is like saying they should be taxed 1 1/2 more on there retirement and that goes to SSI . Don't think they would go for that .
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So in his budget to be released next week, Obama is going to propose changing the way Social sEcurity benefits are calculated using something called "Chained CPI", which is basically a different way of calculating the cost of living increases beneficiaries get on the theory that traditional COLAs overstate the actual amount of the increases. So, the savings would amount to about $230 billion over ten years. Social Security beneficiaries would see slightly smaller checks, about .25% to .3%.
Who thinks this is a good idea?
Who thinks this is a good idea?
well the current recipients wont / dont....
And this gets to the problem with "cutting spending." Everyone says they want it, but they really don't want it when you tell them what "cutting spending" entails. The polls overwhelmingly bear that out. Americans don't want to cut anything but foreign aid. And they think you can get their by cutting "waste, fraud, and abuse." But you can't.
It's entitlements, mainly health care-related entitlements, and to a lesser extent defense spending. Or you have to raise taxes. Or do some of both. Because you can't wish away the demographics. We're simply getting older and we either have to pay up in taxes or give the retirees less, or some combination of both
WTF happened to getting 11 million people back to work? 7.6% unemployed and holding.....
I guess the uninformed voter goes along with " just raise taxes" it will be on the rich white guy anyway - stick it to the man....
besides, this action by Obama fits in nicely with his on going campaigning making Republicans = PAIN ( because he can conviently point to them as the evil doers!)
cutting spending is needed in other government departments because this alone wont solve anything, except anger the (big group) of old people -
our elected officials just have to do a better job of managing this entitlement
I live in the age group that might just not see any SS benefits if or when I reach retirement, and yet I paid into it for over 30 years.... I guess my share helped Lyndon Johnson pay for the Viet Nam skirmish....
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Um, yeah. Anyone else?
Obama is already taking shit from his base for this.
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Well, first you have to look at their ulterior motive - revising the CPI rate...
will also
RAISE TAXES ! (cpi is also part of the tax rate calc).
Gee, ya think Obamao didn't know that?
Yep. With dems, especially Obamao, look at the right hand when they want you to look at the left.
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I'm sure if this passes, the savings will be funneled to the welfare programs.
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I'm sure if this passes, the savings will be funneled to the welfare programs.
I'm sure if this passes, the savings will be funneled to the welfare programs.
Well with the skyrocketing number of people on SSI disability its already one in a way.
I wonder if significant savings could be made by more stringent rules for recipients?
WSS
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Heck, Just curious, do you have an ulterior point here?
This seems like a rather modest and reasonable tweak.
WSS
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You're cutting people's benefits. People rarely see that as reasonable.
Social Security isn't the big problem. All SS takes to solve is minor benefit cuts or smallish tax increases, or some combo of both. It's not a hard fix. Health care/Medicare costs are a much bigger problem and a much harder fix.
It's the same problem we always have: everyone wants to cut benefits, but not their benefits. And they don't know where the budget money is being spent.
And I don't really have "ulterior motives" for a message board made up of strangers. I don't know what you imagine those would be. I'm pretty sure it's just the way you imagine that everyone on the liberal side is underhanded and evil.
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Take your pick. You'll notice Obama's proposal at the very bottom.
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I can't imagine any group of people thinking that any slight lowering of the projected increase in their benefits would be reasonable.
I mean, really, you mentioned posturing do you remember the across the board hand wringing over the proposed cuts with the sequester?
Like I said I'm probably not a proper person to comment since my age puts me in the safe bracket but I really think we need to trim in a few places.
So I take it that you are opposed to that measure?
I know Bernie Sanders is, but I'm not sure if you consider him the base.
WSS
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Depends on what it's coupled with. On it's own it's only somewhat attractive as a way to get SS in balance. I'm not automatically against it. But it's a concession to the right to bring them to the table on a long term deal, not a proposal because most liberals think it's a great idea. We'll see if they come.
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It's always fun to watch how silent people get when it comes to actually going about the business of doing what it is they say they want done. Because usually they don't.
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A trio of liberal groups is warning Democratic lawmakers who back cuts to entitlements programs that they could face a challenge from the left in the next election — but it’s unclear how serious the threat is.
The Progressive Change Campaign Committee, Democracy for America, and MoveOn.org have released sharply worded statements putting Democrats on notice that support for President Barack Obama’s budget – which proposes cuts to Medicare and Social Security – would be tantamount to betrayal.
PCCC, a prominent liberal group, also launched a website called NoBenefitCuts.com. It asks supporters to sign a petition pledging to “support primary challenges to congressional Democrats who support benefit cuts.”
“We’re very serious,” Adam Green, PCCC’s co-founder, said in an interview. “Any Democrat who votes to cut Social Security benefits shouldn’t call themselves a Democrat … It’s not in our minds an empty threat.”
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So in his budget to be released next week, Obama is going to propose changing the way Social sEcurity benefits are calculated using something called "Chained CPI", which is basically a different way of calculating the cost of living increases beneficiaries get on the theory that traditional COLAs overstate the actual amount of the increases. So, the savings would amount to about $230 billion over ten years. Social Security beneficiaries would see slightly smaller checks, about .25% to .3%.
Who thinks this is a good idea?
So in his budget to be released next week, Obama is going to propose changing the way Social sEcurity benefits are calculated using something called "Chained CPI", which is basically a different way of calculating the cost of living increases beneficiaries get on the theory that traditional COLAs overstate the actual amount of the increases. So, the savings would amount to about $230 billion over ten years. Social Security beneficiaries would see slightly smaller checks, about .25% to .3%.
Who thinks this is a good idea?
Not me.
Why do we allow our government to keep fucking our contributors? Make the COLA changes to the benefits that the zero's of society get to collect.
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