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brooklynite

(96,882 posts)
Wed Nov 14, 2012, 12:49 AM Nov 2012

To those demanding an absolute ban on consideration of any changes to SS and Medicare...

...this year I will be receiving a promotion and a salary increase of about $25,000. Setting aside the income tax situation (I'm under the $250,000 cap, so presumably my taxes won't rise), am I to understand that you feel I shouldn't pay a penny more in FICA payments then I do now?

17 replies = new reply since forum marked as read
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To those demanding an absolute ban on consideration of any changes to SS and Medicare... (Original Post) brooklynite Nov 2012 OP
Most of us support raising the cap. We reject benefit cuts. limpyhobbler Nov 2012 #1
So some 'changes' are OK; I agree, elleng Nov 2012 #3
I disagree. Benefit cuts should be off the table. limpyhobbler Nov 2012 #14
Good point. elleng Nov 2012 #2
It's not a good point. SS has nothing to do with the Deficit, yet they have attempted sabrina 1 Nov 2012 #5
+1000 nt ProudProgressiveNow Nov 2012 #9
+1. the op is pointless. HiPointDem Nov 2012 #10
Exactly, there is no reason other than 'conservative' values to cut SS. HereSince1628 Nov 2012 #15
Tying SS to the Deficit, pretending it had anything to do with the Deficit is sabrina 1 Nov 2012 #4
Exactly brush Nov 2012 #13
Here's what I ask myself... MotherPetrie Nov 2012 #6
Assuming that you're already over the cap, you should not pay more. MannyGoldstein Nov 2012 #7
+1 forestpath Nov 2012 #12
what? everyone pays the same rate up to $110k. so not sure what you're talking about. HiPointDem Nov 2012 #8
Huh? It is not hurting BENEFITS that is the issue. forestpath Nov 2012 #11
Most are clear when posting... it's CUTS we oppose. WorseBeforeBetter Nov 2012 #16
People here oppose weakening SS; we support strengthening it, closeupready Nov 2012 #17

elleng

(141,926 posts)
3. So some 'changes' are OK; I agree,
Wed Nov 14, 2012, 12:57 AM
Nov 2012

and I'll affirm that nothing should be off the table.

limpyhobbler

(8,244 posts)
14. I disagree. Benefit cuts should be off the table.
Wed Nov 14, 2012, 04:34 PM
Nov 2012

I agree with the person who said this OP is pointless.

sabrina 1

(62,325 posts)
5. It's not a good point. SS has nothing to do with the Deficit, yet they have attempted
Wed Nov 14, 2012, 12:58 AM
Nov 2012

to force that lie on the public in order to privatize SS funds. The issue raised by the OP has zero to do with why people are opposed to the Grand Bargain.

sabrina 1

(62,325 posts)
4. Tying SS to the Deficit, pretending it had anything to do with the Deficit is
Wed Nov 14, 2012, 12:57 AM
Nov 2012

the problem. SS had nothing to do with the deficit and should not be mentioned at all in any discussion of reducing the Deficit.

That lie needs to be debunked as it is an excuse to try to privatize the SS fund.

 

brush

(61,033 posts)
13. Exactly
Wed Nov 14, 2012, 02:13 AM
Nov 2012

SS is a paid benefit that is funded (and will send full benefits to seniors) until 2037 and does not add to the deficit in any way because, as I said, its paid for with money withheld from paychecks. The income cap can be adjusted up as was done in the 80s, maybe early 90s, that will fund it for 75 more years. I'm not sure what the poster of the OP is trying to do but it sounds that if the cap was raised he would not miss the few additional dollars withheld from his check. It's a great program that has worked well since President Roosevelt instituted it and the repugs need to keep their hands off the huge pile of money if represents, and that them and their Wall Street masters are salivating over. If it ain't broke, don't fix it. If it needs shoring up, adjust the cap up a tad.

 

MotherPetrie

(3,145 posts)
6. Here's what I ask myself...
Wed Nov 14, 2012, 01:10 AM
Nov 2012

If BUSH were president, would I support it or be against it?

And whatever answer I come up with, is the answer I apply to the current administration.

 

MannyGoldstein

(34,589 posts)
7. Assuming that you're already over the cap, you should not pay more.
Wed Nov 14, 2012, 01:14 AM
Nov 2012

Once we start fiddling with Social Security in any way, shape or form, there will be other dramatic changes such as the 22% cut in benefits that the President's commission recommended, and seniors will be clusterfucked.

I certainly support raising taxes on those who are doing pretty well (I'm over the cap too), but in this climate of bipartisan salivation over the $2.6 trillion in the Trust Fund, touching Social Security in any way will turn into a disaster.

Social Security itself is in very fine shape. The projections that it will only pay 80% of promised benefits starting 25 years from now are based on cooked numbers, they assumes that the economy will stay as bad as it is today forever. If the economy recovers even partially, then it will pay 100% for at least as far into the future as has been modeled (75 years).

WorseBeforeBetter

(11,441 posts)
16. Most are clear when posting... it's CUTS we oppose.
Wed Nov 14, 2012, 05:13 PM
Nov 2012

"Changes" I'm open to, like RAISING THE CAP.

 

closeupready

(29,503 posts)
17. People here oppose weakening SS; we support strengthening it,
Wed Nov 14, 2012, 05:15 PM
Nov 2012

however, meaning we support lifting the income cap.

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