Ron Paul social security

View Poll Results: What are your views on Social Security.

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  • Keep it the way it is.

    1 9.09%
  • Get rid of it.

    6 54.55%
  • Fix it.

    4 36.36%
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  1. #1
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    Ron Paul social security

    Ron Paul 2008 › Issues › Social Security

    Our nation’s promise to its seniors, once considered a sacred trust, has become little more than a tool for politicians to scare retirees while robbing them of their promised benefits. Today, the Social Security system is broke and broken.

    Those in the system are seeing their benefits dwindle due to higher taxes, increasing inflation, and irresponsible public spending.
    The proposed solutions, ranging from lower benefits to higher taxes to increasing the age of eligibility, are NOT solutions; they are betrayals.
    Imposing any tax on Social Security benefits is unfair and illogical. In Congress, I have introduced the Senior Citizens Tax Elimination Act (H.R. 191), which repeals ALL taxes on Social Security benefits, to eliminate political theft of our seniors’ income and raise their standard of living.
    Solvency is the key to keeping our promise to our seniors, and I have introduced the Social Security Preservation Act (H.R. 219) to ensure that money paid into the system is only used for Social Security.
    It is fundamentally unfair to give benefits to anyone who has not paid into the system. The Social Security for Americans Only Act (H.R. 190) ends the drain on Social Security caused by illegal aliens seeking the fruits of your labor.

    We must also address the desire of younger workers to save and invest on their own. We should cut payroll taxes and give workers the opportunity to seek better returns in the private market.

    Excessive government spending has created the insolvency crisis in Social Security. We must significantly reduce spending so that our nation can keep its promise to our seniors.

  2. #2
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    Needs to be phased out

  3. #3
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    Quote Originally Posted by brogers View Post
    Needs to be phased out
    Why?

  4. #4
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    Because it is unsustainable and yet another unnecessary tax on the American people for services that quite frankly are outdated. Social security may have been necessary back in the Great Depression era, however in this age it is only becoming a huge burden on this and future generations. We will be dumping more money into it than we will get out of it.

    The real problem is we can't just dump it outright because some of the current retirees may depend on it and factored it into their retirement costs, however future generations should be able to opt out of it and pay either a greatly reduced or no social security tax.
    Ron Paul 2012

    No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

  5. #5
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    Quote Originally Posted by danzik17 View Post
    Because it is unsustainable and yet another unnecessary tax on the American people for services that quite frankly are outdated. Social security may have been necessary back in the Great Depression era, however in this age it is only becoming a huge burden on this and future generations. We will be dumping more money into it than we will get out of it.

    The real problem is we can't just dump it outright because some of the current retirees may depend on it and factored it into their retirement costs, however future generations should be able to opt out of it and pay either a greatly reduced or no social security tax.
    Good.

  6. #6
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    So we should all look into a 401K plan or better?

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    Well in regards to social security, that money should ideally be ours to do what we will with it. A smart person would save it and put it into some type of an investment vehicle, but that is up to that person.

    I don't know my companies policies through and through yet, but if they offer it I will be taking advantage of the Roth 401K option. Otherwise I will likely contribute up to their matching point, then contribute additional funds to a Roth IRA.
    Ron Paul 2012

    No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

  8. #8
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    Do both, I have a 401K, 457 and a Roth IRA account.....heck I even started a Christmas savings club.

    I did lose at least $1000.00 on my 401k, times are bad....I guess this is where an IRA account has it's advantage.

    My old company matched my 401k but my new job doesn't.

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    I also should mention that I am looking into TIPS - Treasury Inflation Protected Securities. I get the feeling that we will be experiencing some serious inflation within the next few years, especially if the next president doesn't reign in spending. The return on the TIPS could potentially outdo even stocks if inflation is great enough.
    Ron Paul 2012

    No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

  10. #10
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    I probably will do both since I won't explicitly trust any one entity with all of my savings - that is just a foolish move.
    Ron Paul 2012

    No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

  11. #11
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    Quote Originally Posted by danzik17 View Post
    I also should mention that I am looking into TIPS - Treasury Inflation Protected Securities.
    Hmmm...I should look into this.

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    Quote Originally Posted by danzik17 View Post
    I probably will do both since I won't explicitly trust any one entity with all of my savings - that is just a foolish move.
    I know, I remember hearing about a owner of a small company running off with everyone's money.

    I even have the feeling my old company is up to something dirty.

  13. #13
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    To many illegals are on it They don't pay into but take out. Fix it
    Soreness is weakness exiting the body.

  14. #14
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    Quote Originally Posted by Irons77 View Post
    To many illegals are on it They don't pay into but take out. Fix it
    How can an illegal do that?

  15. #15
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    Quote Originally Posted by brogers View Post
    Needs to be phased out
    for the younger people on this board (U30) it should be phased out quickly...very quickly. I don't want to pay into a system and then have it retracted just before I can reap any benefits.

    Yank it now while I've only paid 7 years into it.

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