For those who believe the President supports chained CPI

[JDPriestly]

32. You got it. I would never support a budget or a president who would

propose a budget or a member of Congress who would vote for a budget that contained the chained CPI or any measure that would cut Social Security benefits.

Fact is that if you get Social Security benefits and have an income of over $80,000 per year, you probably don't keep much if anything of your Social Security benefits. You probably pay taxes of that amount to the federal government. (And maybe even more in taxes than that.)

If you make more than $40,000 per year and receive Social Security, you also pay more in taxes than your rate would normally be on Social Security.

Everyone else on Social Security is receiving an average or below-average income and thus should not have a benefit cut.

Cutting Social Security is the equivalent of giving an employee a permanent pay cut -- that cannot be changed. A lower pay that can never be raised.

I totally and unequivocally will not support any budget or anyone who proposes a budget with cuts to Social Security.

Don't make people prove they are poor.

Some seniors did not pay enough into the Social Security system to qualify for benefits that exceed the poverty level. At this time, those seniors qualify for things like food stamps, housing assistance and Medicaid which are PAID OUT OF THE GENERAL FUND and which raise them above the poverty line in most cases.

It sounds wonderful, absolutely benevolent, to propose that the lowest Social Security benefits be raised. Great idea. But that is not the idea. The idea is to TRANSFER the cost of paying for the extra and very essential benefits to these very poor seniors TO THE SOCIAL SECURITY FUND and then cutting the earned benefits of those who paid into the fund and receive slightly higher benefits.

Are "some people" getting rich from Social Security? Are they living "high off the trough?"

Here is a fact:

What is the maximum monthly Social Security retirement benefit?


The maximum benefit depends on the age a worker chooses to retire. For example, for a worker retiring at age 66 in 2012, the amount is $2,513. This figure is based on earnings at the maximum taxable amount for every year after age 21.

http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/5/~/maximum-social-security-retirement-benefit

That is $30,156 per year.

Granted 2080 hours at the federal minimum wage of $7.25 per year totals only $15,080 per year. But to get $30,156 per year you would have to have earned pretty much the maximum salary of wage subject to Social Security taxes for a number of years. But the average Social Security recipient received $14,760 per year -- slightly less than minimum wage. At least $100 of that $14,760 probably went to pay for Medicare for that senior. Some seniors pay much more. I know someone who is retired, on Medicare and has to pay $300 per month for her Medicare based on the health insurance company that her former employer chose to go with.

There is really a lot of misinformation about Social Security out there.

I am posting this on my DU diary or blog so that I and others can refer to it in the future.

For minimum wage link:

http://www.dol.gov/dol/topic/wages/minimumwage.htm


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What is the average monthly Social Security benefit for a retired worker?

The average monthly Social Security benefit for a retired worker was about $1,230 at the beginning of 2012. This amount changes monthly based upon the total amount of all benefits paid and the total number of people receiving benefits.

http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/13/~/average-monthly-social-security-benefit-for-a-retired-worker