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Thinkingabout

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165. Do you understand how Social Security works? The funds are collected through payroll taxes noted

Sun Jan 11, 2015, 01:30 PM

Jan 2015

as FICA, if you are employed you pay 6.2% of the paycheck and the company deposits this money along with 6.2%. The self employed pays a higher percent and is not matched. There is a maximum cap on how much salary this amount is collected. This was sort of explained in the link you provided to me, go back and read it again. For many years this trust fund was held separately from the general fund but was added. If you work for 40 quarters which turns out to be 10 years and currently when you reach the age of 62 you can elect to start receiving benefits from this fund. The retirement age used to be 70, and we are now in the process of the age going to 70. As the article stated this fund will run dry in 26 years unless some reforms are made, such as raising the retirement age, raising the wage cap and perhaps other items. This is not a tax which should be levied on corporations, this is a fund for our retirement, it should not be connected to the corporate taxes. Why do I say this? Corporations such as GE has relocated off shore and does not pay corporate taxes, but they still have to pay the corporate portion of the FICA taxes. If this was to change then they would not be contributing to the Social Security fund, it would just be the portion in which the employee pays, now would you want to decrease the Social Security fund by half and the future recipients receiving half of the funds they currently receive now?

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Sen. Warren Blasts GOP Social Security Scheme: "It�s ridiculous � but not surprising" [View all] kpete Jan 2015 OP

Don't worry, the Third Way will be along to put her in her place. I believe they mentioned sabrina 1 Jan 2015 #1

Apparently, Senator Warren can't hear them! NYC_SKP Jan 2015 #2

I know her place. Her place is in the White House. Autumn Jan 2015 #3

Exactly Liberalynn Jan 2015 #31

+1000 JDPriestly Jan 2015 #40

+1000 Helen Borg Jan 2015 #60

Amen.... daleanime Jan 2015 #69

So now the attacks on the Third Way is becoming a priority. Why is there a need to attack other Thinkingabout Jan 2015 #4

Well, Third Way keeps clinging to an outdated model of electoral politics jeff47 Jan 2015 #5

What outdated "models" are you referring? Thinkingabout Jan 2015 #15

Third way is predicated on a political alignment jeff47 Jan 2015 #36

Well explained. Funny the person who didn't understand the problem has nothing Dark n Stormy Knight Jan 2015 #119

+100% - indeed my friend! -- n/t mazzarro Jan 2015 #91

Because 3rd-Way allows the Overton window to drift continuously to the right. phantom power Jan 2015 #6

because the third way is attacking US DonCoquixote Jan 2015 #7

On the refirm would you rather Social Security be allowed to completely go broke or would you Thinkingabout Jan 2015 #23

Thats just it 3rd way wants to cut benefits RunInCircles Jan 2015 #39

Get off trashing the "third way", let us work together and tell Congress and President Obama we are Thinkingabout Jan 2015 #46

You dodged LondonReign2 Jan 2015 #57

I did not divert, I wanted to know why the "third way" is getting trashed, all the other was Thinkingabout Jan 2015 #62

"and is not one of the issues which should be important to having and keeping Democrat platform." DonCoquixote Jan 2015 #63

Maybe you have misread my statements but I quiet well know how important Social Security is Thinkingabout Jan 2015 #65

because DonCoquixote Jan 2015 #66

Hey, I try to think about recipients in the future, I probably will not be here when the funds Thinkingabout Jan 2015 #67

You can easily fulfill that prophecy Curmudgeoness Jan 2015 #70

As for myself I have not moved away from Democrat principles, I just have not followed those on the Thinkingabout Jan 2015 #71

The GOP moves further to the right, Curmudgeoness Jan 2015 #72

Thank you. Great post!! RiverLover Jan 2015 #73

Yes, I saw that one. Curmudgeoness Jan 2015 #74

So you did! I'm sorry I missed it. RiverLover Jan 2015 #76

I am more interested in uniting for causes, not dividing, the constant trashing is a problem, this Thinkingabout Jan 2015 #78

I also wish that the party was more united. Curmudgeoness Jan 2015 #103

From Pete Peterson's Web Site RunInCircles Jan 2015 #162

Thanks for that. Enthusiast Jan 2015 #86

What is considered to be "far left" today Art_from_Ark Jan 2015 #125

That's what happens when the conservative establishment, for over 50 years, Enthusiast Jan 2015 #126

It started getting into high gear after the 1980 election Art_from_Ark Jan 2015 #138

It is not "Democrat" principles, it is not "Democrat" platform. LondonReign2 Jan 2015 #77

I am a Democrat, I have Democrat principles, I have a Democrat platform, I am not a Democratic. Thinkingabout Jan 2015 #79

There is no such thing as "Democrat" principles. Dark n Stormy Knight Jan 2015 #122

Maybe I can state this again, I am a democrat, I have principles, ergo, Democrat Principles. Thinkingabout Jan 2015 #163

OK, so, you are a person. You have beliefs. Are they your "person beliefs" or Dark n Stormy Knight Jan 2015 #178

Do you know what a Democrat is? Thinkingabout Jan 2015 #179

Yes, it's a noun. Do you know what an adjective is? Dark n Stormy Knight Jan 2015 #180

The adjective you're looking for is Democratic, not Democrat. Dark n Stormy Knight Jan 2015 #120

The Third Way is being trashed because they want to cut Social Security benefits LondonReign2 Jan 2015 #75

Here is a link you may be interested in reading, it should put your thoughts on the Third Way Thinkingabout Jan 2015 #164

Third Way is trashed because they are working against the interests of the American people. Enthusiast Jan 2015 #85

You are suggesting we should be united with The Third Way? They rhett o rick Jan 2015 #81

It's not our choice lark Jan 2015 #47

Actually SSI is running out of money, and needs another injection from the Social Security to Thinkingabout Jan 2015 #64

Privatizing and removing the caps are opposite solutions. lark Jan 2015 #106

So let's see: LondonReign2 Jan 2015 #110

SSI and SSDI should not be part of SS yeoman6987 Jan 2015 #152

The Third Way are not Democrats LondonReign2 Jan 2015 #8

Uninformed huh, maybe you do not know what the third way stands on many issues. Thinkingabout Jan 2015 #17

Third Way stands right where the Kochs want them to stand silly LondonReign2 Jan 2015 #21

The Kochs are not 'Third Way'ers. n/t PoliticAverse Jan 2015 #44

Kochs helped fund the predessor DLC LondonReign2 Jan 2015 #56

So Democrats needs to be "silly" and fight other Democrats and preventing any group effort in Thinkingabout Jan 2015 #48

I repeat LondonReign2 Jan 2015 #55

I repeat, Third Wayers are Democrats, don't know if you are but they are, are you socialist? Thinkingabout Jan 2015 #97

Nope, Third Wayers are Corporatists, pure and simple LondonReign2 Jan 2015 #101

You should entertain the possibility that you have been hoodwinked by Third Way. Enthusiast Jan 2015 #87

Third wayers votes Democrat. You are following the Rove Posters who wants to split the DNC so this Thinkingabout Jan 2015 #98

LMAO Enthusiast Jan 2015 #112

That is what i think when I read the Rove post, yep here is another one of Rove's people. Thinkingabout Jan 2015 #113

I'm one of Rove's people? Enthusiast Jan 2015 #115

I have heard he has posters on DU and if you think Third Wayers are republican then I think you Thinkingabout Jan 2015 #116

Well everyone here who talks about how bad the Third Way is & how they are rethugs in plain sight RiverLover Jan 2015 #123

Just saying, if the analogy of Third Wayers are republican then the trashers must be FOX and Rove Thinkingabout Jan 2015 #130

Third Way is often indistinguishable from Republicans in the positions they take. Enthusiast Jan 2015 #127

Saying Third Way is indistinguishable from Republincans is not true, this is what FOX or Rove Thinkingabout Jan 2015 #131

When has Fox criticized the Third Way? Fox attacks Liberals. sabrina 1 Jan 2015 #156

Yes FOX attacks liberals, why do the FOX attacks on DU to other liberals. Thinkingabout Jan 2015 #157

Here's 3rd Way talking about their RW plans for SS, including raising retirement age~ RiverLover Jan 2015 #158

Did you read this article? It is making changes so the future after 26 more years will have some Thinkingabout Jan 2015 #160

If we taxed corporations at a decent rate & they actually paid it(unlike GE), there wouldn't be a RiverLover Jan 2015 #161

Do you understand how Social Security works? The funds are collected through payroll taxes noted Thinkingabout Jan 2015 #165

Republicans and the Third Way lie about the Social Security Trust fund. Both tell the sabrina 1 Jan 2015 #159

Here is a link provided by another poster to this, read it and understand Social Security is Thinkingabout Jan 2015 #166

Wrong! And that is the lie that has been debunked over and over again. SS is good for at least sabrina 1 Jan 2015 #167

Where is your proof it is good for 100 years. Thinkingabout Jan 2015 #168

Why not just search DU many of us have written OPs debunking the lies coming from that Wall St sabrina 1 Jan 2015 #169

Do you know how social security is funded? Do some reseach to find where the funds are acquired. Thinkingabout Jan 2015 #170

I do, do you? Do you know it has three sources of income, something left out conveniently, in sabrina 1 Jan 2015 #172

I know exactly how the SS is funded. On our pay checks if deductions are itemized there is a Thinkingabout Jan 2015 #175

Just to help you research this I went to the Social Security to get the correct information. Thinkingabout Jan 2015 #171

I don't need a link to that site, I have it thank you. And have used it many times to prove the sabrina 1 Jan 2015 #173

+1000 nt Mojorabbit Jan 2015 #54

That's a short and unsupported statement. Please give us your reasoning behind rhett o rick Jan 2015 #108

See posts 81 and 75 LondonReign2 Jan 2015 #109

Thank you. I misunderstood the post. The Third Way are Democrats in name only. nm rhett o rick Jan 2015 #111

Maybe because of THEIR attacks on good Democrats like Warren and de Blasio? sabrina 1 Jan 2015 #10

After the trashing which occurs against Democrats as HRC, if your analogy is correct then there Thinkingabout Jan 2015 #18

The Third Way Praises Hillary. So why are they trashing Elizabeth Warren? sabrina 1 Jan 2015 #27

If we use your analogy then it is proper to trash Warren, for as you say you trash the Third Way Thinkingabout Jan 2015 #49

I just said that the Third Way, who are political strategists for the Dem Party sabrina 1 Jan 2015 #52

"the Third Way, who are political strategists for the Dem Party" LondonReign2 Jan 2015 #58

Thanks, you are correct! n/t sabrina 1 Jan 2015 #59

Precisely! Dark n Stormy Knight Jan 2015 #121

The DNC has one mission!!!! yeoman6987 Jan 2015 #153

This Liberalynn Jan 2015 #32

Ask the Third Way. They are the ones who mmonk Jan 2015 #14

Show me. Thinkingabout Jan 2015 #19

Seriously? I haven't forgotten all mmonk Jan 2015 #24

Is your answer to my post is because those like Rahm says sit down and shut up only will bring more Thinkingabout Jan 2015 #42

Pete Peterson has a lot of influence with the Third Way Clinton crowd, and Peterson is one of the JDPriestly Jan 2015 #41

Let me get this straight, you don't like Pete Peterson and then trashing Democrats becomes okay? Thinkingabout Jan 2015 #43

If other Democrats do not stand up for the ordinary working American people they deserve to be3 JDPriestly Jan 2015 #51

Just today i was referred to a very good site explaining some needed reforms Thinkingabout Jan 2015 #176

+100 nt okaawhatever Jan 2015 #174

This message was self-deleted by its author Autumn Jan 2015 #61

Glad you asked. The Conservatives in the Democratic Party are causing as much damage rhett o rick Jan 2015 #82

I don't happen to be a conserative but currently the trashing is causing as much damage as the Rove Thinkingabout Jan 2015 #95

The war we are waging is a class war. The 1% vs. the 99%. The Conservatives favor the 1% and the rhett o rick Jan 2015 #104

Then you need to stop working for Rove. Thinkingabout Jan 2015 #105

That has nothing to do with what I said. It's just outright rude. Apparently you don't rhett o rick Jan 2015 #107

Who told you the "Third Way" supporters are Democrats? another_liberal Jan 2015 #89

I know because I support Third Way, I am a lifelong Democrat, I have read names of Democrats Thinkingabout Jan 2015 #96

To each her own . . . another_liberal Jan 2015 #114

Because they are destroying the Democratic Party and the Nation. Seems obvious enough. whereisjustice Jan 2015 #93

It depends what your definition of "Democrat" is. -nt CrispyQ Jan 2015 #102

Instead of complaining about "third ways", why not focus on Senator Warren's message. In fact I do still_one Jan 2015 #29

That would be a good thing to do, encourage other Congressional members to support Warren in her Thinkingabout Jan 2015 #45

"Get very few replies" concreteblue Jan 2015 #117

Not on your life or mine life am I or would i ever be one of Rove's people. I read other post and Thinkingabout Jan 2015 #118

a democrat who supports attempts to take SS from poor people DonCoquixote Jan 2015 #124

There is lots of fraud in the SSI, not everyone and I have a big heart for our disable, I do not Thinkingabout Jan 2015 #132

it woudl be funded if DonCoquixote Jan 2015 #133

I stated there was fraud, I also know there are the truly disabled who needs help, Thinkingabout Jan 2015 #134

posts like this make me think of ignore DonCoquixote Jan 2015 #135

Ignore is easy, you ignore the fraud which occurs in SSI, you deny it happens, Thinkingabout Jan 2015 #137

DEFENDING? DonCoquixote Jan 2015 #139

Last night 20 20 had a report of a guy claiming to be blind, he started receiving SSDI, he continued Thinkingabout Jan 2015 #142

so.. DonCoquixote Jan 2015 #146

So, do you think those are truly entitled to SSDI should be cut off from the finds they have been Thinkingabout Jan 2015 #147

NOOO DonCoquixote Jan 2015 #148

The money is being transferred from the Social Security side where most grandmothers are Thinkingabout Jan 2015 #149

Oh I get it DonCoquixote Jan 2015 #150

Those talking points of his are straight from RW Heritage Foundation think tank RiverLover Jan 2015 #151

Those talking points of his are straight from RW Heritage Foundation think tank DonCoquixote Jan 2015 #155

Congress is filled full of republicans, this is one of the downfalls in republicans getting elected DonCoquixote Jan 2015 #136

Sure, the Third Way wants to do with SS what the Republicans are trying to do, which is why sabrina 1 Jan 2015 #92

Which Democrats in congress oppose what Warren says in this thread still_one Jan 2015 #99

Are you REALLY unaware of the influence of the Third Way on the Dem Party? sabrina 1 Jan 2015 #144

thanks sabrina 1 Locrian Jan 2015 #143

You're welcome, locrian ... sabrina 1 Jan 2015 #145

Yes. Elizabeth Warren keeps making these outrageous assertions. Enthusiast Jan 2015 #84

This country only has one financial problem ... Scuba Jan 2015 #9

+1,000,000,000 (top .01%) n/t gelsdorf Jan 2015 #12

Welcome to DU, gelsdorf! calimary Jan 2015 #22

Welcome to DU! Scuba Jan 2015 #26

+ a trillion stage left Jan 2015 #13

also known as the people who benefit most from things provided via taxation nt msongs Jan 2015 #16

2. An unwillingness to train the people who give it to them that there are other ways. jtuck004 Jan 2015 #20

That would mean, of course, lawmakers raise their own taxes. closeupready Jan 2015 #30

Think there's other financial issues as well. lark Jan 2015 #50

Bingo. Restore the Clinton (or, God forbid, Nixon) era tax rates Recursion Jan 2015 #80

Well the problem is how the taxes are designed yeoman6987 Jan 2015 #154

This is what Warren needs to be talking about and what her supporters need to promote. Bluenorthwest Jan 2015 #11

Why aren't all Cyrano Jan 2015 #25

Especially the heir apparent LiberalLovinLug Jan 2015 #35

Man, I thought we settled this argument in 1935. We need Social Security. tclambert Jan 2015 #28

They already learned the lesson of 80 years ago. Jackpine Radical Jan 2015 #34

You're right, there. It's the Scrooginess of Republicans showing. tclambert Jan 2015 #38

Here's Johnny turbinetree Jan 2015 #33

ter�ror�ism - noun Ferd Berfel Jan 2015 #37

Republicans are economic terrorists workinclasszero Jan 2015 #53

K&R...Thanks for posting red dog 1 Jan 2015 #68

In reality, in a real society where people cared about others, fixing Social Security is one of the world wide wally Jan 2015 #83

Hear! Hear! another_liberal Jan 2015 #90

Good for her! another_liberal Jan 2015 #88

Called my Rep, Sen and WH to voice disgust in regard to this gop attack on vulnerable people. Dont call me Shirley Jan 2015 #94

When we think Thespian2 Jan 2015 #100

so this new accounting thingie they have greymattermom Jan 2015 #128

I doubt it Prophet 451 Jan 2015 #129

Flat out ridiculous! Enthusiast Jan 2015 #140

Been posting about this for a couple of years madville Jan 2015 #141

Thinking About is showing many dysfunctional Republican traits. raging moderate Jan 2015 #177