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customerserviceguy

(25,406 posts)
9. There's no real money there to steal
Sun Apr 14, 2013, 06:14 PM
Apr 2013

Just a bunch of non-negotiable specialized Treasury securities that can only be redeemed at the whim of Congress. Now, would Wall Street like to take a portion or better yet, all of the money that an employee and their employer pay right now for FICA? You bet they would. But that's something different.

Oh, and when I got my FICA tax 'holiday' from the President, I promptly upped my contributions to my own 401K by that same two percent. I guess he helped them get their wish, didn't he?

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If you happen to work more than 35 years the lower years are dropped on determining your Thinkingabout Apr 2013 #1
Good idea. But they make the laws. How do we get our points across JDPriestly Apr 2013 #2
I am not in good shape in my Congressional members, Crazy Cruz, Cronyn and TP Thinkingabout Apr 2013 #4
Are you a member of your local Democratic Club or Party? JDPriestly Apr 2013 #12
K&R woo me with science Apr 2013 #3
SSI kickysnana Apr 2013 #5
They have eliminated all new section 8 and meals on wheels. JDPriestly Apr 2013 #8
The old saying, "The Devil is in the Details" becomes quite NobodyInParticular Apr 2013 #6
There's no real money there to steal customerserviceguy Apr 2013 #9
This is precisely what they want. JDPriestly Apr 2013 #13
Oh, yes, the interest rates stink customerserviceguy Apr 2013 #17
Good for you for saving. Most Americans do not earn enough JDPriestly Apr 2013 #29
I did the same thing. airplaneman Apr 2013 #19
Many fund managers do suck out a lot customerserviceguy Apr 2013 #20
That's not what they are looking for. They are looking to get the new FICA Cleita Apr 2013 #27
You are so right, Cleita. JDPriestly Apr 2013 #30
Exactly. And that is why this is rightfully a very emotional issue for JDPriestly Apr 2013 #10
K&R nt abelenkpe Apr 2013 #7
If I got that much, I would be okay. Cleita Apr 2013 #11
Are you talking about the average benefit or the high one? JDPriestly Apr 2013 #15
The average benefit. I'm never low enough for the poverty breaks even though Cleita Apr 2013 #21
It sounds frivolous to say the money would be to get your hair and nails JDPriestly Apr 2013 #31
And that would be me. I too have arthritis and it's hard for me to cut my hair or Cleita Apr 2013 #34
True. Thanks. JDPriestly Apr 2013 #35
Me too. RebelOne Apr 2013 #16
And it's really not enough to be comfortable. None of us are looking for a luxurious Cleita Apr 2013 #23
It is only the cost of living increase, not the amount treestar Apr 2013 #14
According to Trumpka of the AFL-CIO, the average amount in the JDPriestly Apr 2013 #18
isn't everyone supposed to have: airplaneman Apr 2013 #24
Oh, and a genie in a lamp that provides all those things if you Cleita Apr 2013 #26
LOL. Great post. Thanks. I needed that laugh. JDPriestly Apr 2013 #32
We're also supposed to have low cholesterol, sweet breath, and a trim waistline. Stinky The Clown Apr 2013 #36
With lower and lower wages and minimum wage not being a living wage, I don't Cleita Apr 2013 #25
You make it sound like the difference will be so huge treestar Apr 2013 #28
I hope you see that the amounts paid out each month are smaller JDPriestly Apr 2013 #39
you do realize that the cost of living increase impacts the total amount magical thyme Apr 2013 #22
My SS each month is Bohunk68 Apr 2013 #33
You are precisely the kind of senior that I am posting about. JDPriestly Apr 2013 #38
Does your state have a property tax relief program Lars39 Apr 2013 #40
It's called the STAR Bohunk68 Apr 2013 #41
Ouch! Lars39 Apr 2013 #42
My monthly Social Security check is $1378 after RebelOne Apr 2013 #44
you forgot income tax and the people that are cheated by the SS Admin.... msongs Apr 2013 #37
K&R forestpath Apr 2013 #43
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