Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Politics
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Politics Discuss McCain: Social Security Tax Hike ‘On the Table’ at the Political Forums; ABC News' Anamarie Rebori reports: Sen. John McCain made clear this weekend that when it comes to fixing Social Security, ...

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 07-28-2008, 12:50 AM
Mikeyy's Avatar
Moderator
 
Join Date: Oct 2007
Location: Southern California
Gender: Male
Posts: 3,847
Thanks: 541
Thanked 1,149 Times in 827 Posts
Default McCain: Social Security Tax Hike ‘On the Table’

ABC News' Anamarie Rebori reports: Sen. John McCain made clear this weekend that when it comes to fixing Social Security, "everything is on the table," including a possible payroll tax increase.

"There is nothing I would take off the table. There was nothing I would demand," McCain told ABC News' George Stephanopoulos in an exclusive interview on "This Week." "I think that’s the way that Ronald Reagan and Tip O’Neill did it -- and that's what we have to do again."

Political Radar: McCain: Social Security Tax Hike ?On the Table?
Reply With Quote
  #2 (permalink)  
Old 07-28-2008, 02:23 AM
bhkad's Avatar
Senior Member
 
Join Date: Oct 2007
Posts: 1,151
Thanks: 370
Thanked 129 Times in 116 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

Quote:
Originally Posted by Mikeyy View Post
ABC News' Anamarie Rebori reports: Sen. John McCain made clear this weekend that when it comes to fixing Social Security, "everything is on the table," including a possible payroll tax increase.

"There is nothing I would take off the table. There was nothing I would demand," McCain told ABC News' George Stephanopoulos in an exclusive interview on "This Week." "I think that’s the way that Ronald Reagan and Tip O’Neill did it -- and that's what we have to do again."

Political Radar: McCain: Social Security Tax Hike ?On the Table?
I watched the interview. He said that as a way of showing his willingness to compromise and to find whatever solution works best and not just the answer that works best from the Republican or Democratic 'playbook.'

It would be like your saying you would be willing to eat 1,000 raw pig's testicles if it would assure an end to Israeli/Palestinian violence and then some reporter would write:

Mikeyy: Will Eat 1,000 Pig Nuts For MidEast Peace

And there would be people expecting you to do it when actually you were speaking euphemistically to indicate your desire for an accord to be reached between the warring parties.
__________________
But, when all is said and done, Senator McCain has not spent decades aiding and abetting people who hate America. http://jewishworldreview.com/cols/sowell060508.php3
Reply With Quote
The Following User Says Thank You to bhkad For This Useful Post:
  #3 (permalink)  
Old 07-28-2008, 03:18 AM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 8,369
Thanks: 202
Thanked 1,967 Times in 1,472 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

When social security first started, there were 16 people giving in to it for every person taking out...

Now, that ratio is down to 2 people for every 1 person taking out...

The problem isn't with a candidate'ss solutions...It's with what's become of something that once WAS viable but has lost it's luster...

I'm 38 and I don't expect to get SS at all...And no presidential candidate could make me believe otherwise...The practice has wore out it's welcome...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
The Following User Says Thank You to cnredd For This Useful Post:
  #4 (permalink)  
Old 07-28-2008, 03:24 AM
Spencer Collins's Avatar
Moderator
 
Join Date: Oct 2007
Location: Midwest
Gender: Male
Posts: 4,142
Thanks: 1,348
Thanked 1,187 Times in 892 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

A change in SS structure is inevitable and it will be painful but the longer we avoid fixing the problem the more painful it will be.McCain deserves some credit for taking a risk on a highly controversial subject.
Reply With Quote
The Following 3 Users Say Thank You to Spencer Collins For This Useful Post:
  #5 (permalink)  
Old 07-28-2008, 03:29 AM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 8,369
Thanks: 202
Thanked 1,967 Times in 1,472 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

Quote:
Originally Posted by Spencer Collins View Post
A change in SS structure is inevitable and it will be painful but the longer we avoid fixing the problem the more painful it will be.McCain deserves some credit for taking a risk on a highly controversial subject.
The problem with that is the Democrats have already mandated the issue of Social Security "The third rail of politics" and will castigate anyone who want to take on the task of fixing it...

Bush attempted to fix it...Look what happened...

__________________
"You get the respect that you give" - cnredd
Reply With Quote
  #6 (permalink)  
Old 07-28-2008, 03:51 AM
Spencer Collins's Avatar
Moderator
 
Join Date: Oct 2007
Location: Midwest
Gender: Male
Posts: 4,142
Thanks: 1,348
Thanked 1,187 Times in 892 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

Quote:
Originally Posted by cnredd View Post
The problem with that is the Democrats have already mandated the issue of Social Security "The third rail of politics" and will castigate anyone who want to take on the task of fixing it...
Indeed,it's a political hot potato and consequently we will all pay the price..
Reply With Quote
  #7 (permalink)  
Old 07-28-2008, 10:46 AM
faithful_servant's Avatar
Senior Member
 
Join Date: Jun 2008
Location: Beautiful conservative Central Oregon
Gender: Male
Posts: 1,366
Thanks: 157
Thanked 301 Times in 254 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

The simplest "complex" problem on the table. All it takes is to allow people to invest 25% of what they pay into SSI into funds of their choosing. Then, tax the earnings annually at 15% to help pay for those who are unable to provide for themselves. Throw in means testing (you get SSI if you need it) It provides a huge economic stimulus in the form of investing into our economy directly (creating more jobs & more tax $$) and it provides a much greater rate of return than the current SSI funds receive. People will be able to retire earlier (saving SSI money) and retire better (with means testing you'll have fewer people needing SSI).

Problem solved.
__________________
~
~
~

Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

God is a conservative -

Ecclesiastes 10:2--"A wise man's heart inclines him to the right, but a fool's heart to the left."
Reply With Quote
  #8 (permalink)  
Old 07-28-2008, 11:00 AM
Mikeyy's Avatar
Moderator
 
Join Date: Oct 2007
Location: Southern California
Gender: Male
Posts: 3,847
Thanks: 541
Thanked 1,149 Times in 827 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

Quote:
Originally Posted by faithful_servant View Post
The simplest "complex" problem on the table. All it takes is to allow people to invest 25% of what they pay into SSI into funds of their choosing. Then, tax the earnings annually at 15% to help pay for those who are unable to provide for themselves. Throw in means testing (you get SSI if you need it) It provides a huge economic stimulus in the form of investing into our economy directly (creating more jobs & more tax $$) and it provides a much greater rate of return than the current SSI funds receive. People will be able to retire earlier (saving SSI money) and retire better (with means testing you'll have fewer people needing SSI).

Problem solved.
What if you don't trade? What else should you be able to invest in? Why is it that they want to direct the money toward stocks and the like. Why not investing in what ever you want? And I am for means testing. Social Security should work like insurance. If you have an retirement income of lets say $250,000 a year. I don't think you should get a full SS check. I will likely lose mine in that case. But Its OK with me. I am happy with that. I'm not jealous. I want my fellow Americans to do well. And if they can't I don't mind helping if hey really need it. I'll sirvive.
Reply With Quote
  #9 (permalink)  
Old 07-28-2008, 12:51 PM
Michael1's Avatar
Godfather
 
Join Date: May 2008
Location: Greensboro, NC
Gender: Male
Posts: 419
Thanks: 191
Thanked 161 Times in 122 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

Quote:
Originally Posted by faithful_servant View Post
Problem solved.
That would do it, but Dems fear-monger about 'privatizing' SSI, so it won't happen.

Quote:
Originally Posted by Mikeyy
What if you don't trade? What else should you be able to invest in? Why is it that they want to direct the money toward stocks and the like. Why not investing in what ever you want?
Like what, baseball cards?

Quote:
And I am for means testing. Social Security should work like insurance. If you have an retirement income of lets say $250,000 a year. I don't think you should get a full SS check. I will likely lose mine in that case. But Its OK with me. I am happy with that. I'm not jealous. I want my fellow Americans to do well. And if they can't I don't mind helping if hey really need it. I'll sirvive.
Can I ask where your $250,000/year retirement income will be coming from?

Besides, I'm calling your bluff. Wealthy individuals always say they aren't taxed enough or would be willing to do without benefits, but as you can see below they never actually do what they say:

Quote:
BUFFETT: I personally would increase the taxable base above the present $90,000. I pay very little in the way of Social Security taxes because I make a lot more than $90,000. And the people in my office pay the full tax. We're already edging up the retirement age a bit. And I would means test ... I get a check for $1,700 or $1,900 or something every month. I'm 74. And I cash it. But I'll eat without it.
If Warren Buffett wants to pay more taxes, he need only tear up the freaking check!

Anyhow I don't agree that payments should be means tested. That's simply hiding a tax from someone for most of their life with them never knowing it. If you were going to do that, at least stop calling it insurance and label it for what it would really be ... a redistribution scheme / welfare program.
__________________
Reply With Quote
  #10 (permalink)  
Old 07-28-2008, 01:17 PM
Senior Member
 
Join Date: Mar 2008
Gender: Male
Posts: 1,471
Thanks: 608
Thanked 216 Times in 178 Posts
Default Re: McCain: Social Security Tax Hike ‘On the Table’

One question. If today there is 2 paying into it while one takes out of it.

Explain how this came about?
Could it be outsourcing of jobs and the buying up of companies and then selling the equipment and the company is dead and workers are left with nothing? Commonly called Corporate Raiding.
And if so that is what you work with to get companies back here employing Americans. On the second process maybe there should be regulations on what one can do once they buy a company. Our economy was based upon these many small companies competing. Look at today and 20, 30, 40, 50 90 years ago. Some advancements aren't so good are they?
Not trying this or that.
To fix any problem you ask WHY has this happened. And then direct your efforts at the problem, not create new problems.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

Search Engine Optimization and SEO Tools
All times are GMT -5. The time now is 12:49 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.2.0