Social Security is trick on illegals

 

America’s dirty little secret, cleverly hidden from illegal immigrants,  is that while many of them get a free ride up front, there’s a heck of a bill that’ll be dropped on them before they exit this life.

It’s coming in the form of a federal deficit, projected to be $1.84 trillion this year.  And it’s coming in a whale of a bill for Social Security and Medicare, the government’s two biggest entitlement programs.  Social Security trustees reported Tuesday that Medicare will start paying out more than it collects in taxes this year and go broke by 2017 –  a short nine years away.  that’s two years earlier than projected last year.

The old folks’  retirement entitlement will start paying out more than it collects in taxes in 2016, a  year earlier than projected last year, and be flat broke by 2037, four years earlier than projected last year.  

The decline in the stock market has shaken the confidence of those who have 401(k) and similar retirement investments.  But even with that decline, which will be temporary — the market will bounce back — individuals are far better off controlling their own retirement accounts. 

The idea’s unpopular now, but the nation should begin the process of weaning ourselves from dependency on the federal government by shifting a portion of our payroll taxes from Social Security to individual retirement savings accounts.  Individuals would own those accounts and be able to pass them on to their heirs.

So, illegals, welcome.  Get a job.  Put down roots.  But be sure to check the size of your tab for my Social Security and Medicare.  It’s a whopper.  You might have been better off staying home.

66 comments Add your comment

bob

May 13th, 2009
7:51 am

Social Security is a rip off yet it is the best libs can come up with, why should we let them run healthcare when they can’t get a return on an investment.

Curious Observer

May 13th, 2009
8:16 am

An insurance company that spent all its legally required reserve would be out of business immediately. Yet, for decades Congress has used Social Security revenue to pay for expenditures other than Social Security. There is no trust fund–just a huge bundle of IOUs from Congress. Even the people opposed to Social Security forget that their taxes would have been considerably higher had not Congress decided to raid Social Security funds to pay for current expenditures.

Sorry, but I have no sympathy for illegals who have Social Security and Medicare taxes deducted from their paychecks. They pay little enough in taxes otherwise, and they have no legitimate business in being here.

I do have enormous sympathy for young, legal workers who are paying into a fund from which they are likely to see very little in return, given the present course.

The solution is not to eliminate Social Security and Medicare. Rather, the solution is to require Congress to keep its hands off the taxes workers now pay. That, plus extending the tax to cover all earned income, regardless of amount, would resolve the coming shortfall. The two programs are insurance plans, not savings accounts, and there is no excuse for exempting high-income earners from the taxes after the first $100,000 or so of earned income.

Copyleft

May 13th, 2009
8:47 am

The rabid right has been trying to tear down the hated (and massively successful) Social Security program ever since it was established.

The fixes are easy, obvious, and totally unacceptable to the right-wing. Fortunately, their opinions no longer matter.

Churchill's MOM

May 13th, 2009
9:25 am

Social Security is not my problem, I managed to be born and marry well. On the bright side we will have a book by our next President next year, I know she’ll make more than Gore & Obama put together because she is the peoples choice.

Alaska Gov. Sarah Palin will be publishing a memoir in spring 2010 that chronicles both her political and personal life, publishing sources said.

Palin has continued to fascinate the public even after her rocky run as last year’s Republican vice presidential candidate, on a ticket with Sen. John McCain.

The book will include her reflections on balancing her time as a working mother, recognizing the war’s impact with her son serving combat in Iraq, having a child with a disability, and supporting her teenage daughter through an unplanned pregnancy.

The book is to be published by HarperCollins Publishers. Zondervan will co-publish for the Christian book market.

The title is not yet decided, the sources said.

The deal was negotiated by Brian Murray, President and CEO of HarperCollins Publishers, with Robert B. Barnett of Williams & Connolly.

Curious

May 13th, 2009
9:29 am

Wasn’t W’s plan for social security to put it all in the stock market just before the 40% drop. I’d say the Republican Party has all the best ideas but as always I’m curious.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:31 am

Obama administration officials are contemplating a major overhaul of
the compensation practices in the financial services industry, moving
beyond banks to include more loosely regulated hedge funds and private
equity firms, The New York Times’s Louise Story and Eric Dash report.

Federal policymakers have been discussing ways to ensure that pay is
more closely linked to performance.

Among the ideas under consideration are incorporating compensation as a
“safety and soundness” concern on official bank examinations as well as
expanding the existing regulatory powers of the Securities and Exchange
Commission and Federal Reserve to obtain more information regarding
compensation.

Any overhaul is likely to be tied to the Obama administration’s broader
efforts to curb systemic risks to the economy, The Times writes. That
means the new rules could apply to financial firms like hedge funds or
private equity firms that never accepted money from the Troubled Asset
Relief Program, or TARP.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:34 am

Mitsubishi UFJ Financial Group, the Japanese bank that bought $9
billion of preferred stock in Morgan Stanley in October, increased its
purchase of the U.S. bank’s common stock to $705 million from $600
million, a 17.5 percent increase.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:36 am

MGM Mirage said on Wednesday that it will issue $2.5 billion in new
stock and bonds, as well as begin an offer to buy back $1 billion in
debt, as part of an effort to reduce its $14 billion in borrowings and
avoid a default and bankruptcy

Peter

May 13th, 2009
9:36 am

OK Jim….How do I get my $200 K I paid into Social Security so far ?

Do I just get ripped off by my country and call it OK ?

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:37 am

Shares of Advanta fell nearly 30 percent on Tuesday after the
small-business credit card issuer said it faced growing losses from
uncollectible loans and was closing its customers’ accounts to new
charges after June 10.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:38 am

General Electric announced a $100 million investment to build a new
factory in upstate New York that will make batteries, an industry that
has become a favorite of the venture capital industry.

Churchill's MOM

May 13th, 2009
9:40 am

Jim, the link from the home page still has yesterday’s topic.. Those liberals that own the paper must like yesterday better than today.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:41 am

About $12 billion was pulled out of accounts at Bernard L. Madoff’s
firm in 2008, The New York Times reported, citing several people
briefed on an analysis of Mr. Madoff’s business records.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:42 am

The chief investment officer for the Stanford Financial Group was
indicted on Tuesday by a federal grand jury on charges of conspiracy
and obstruction of justice,

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:42 am

Chrysler’s bankruptcy may take as long as two years, instead of the two
months that President Obama suggested as a target,

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:43 am

General Motors’ stock plunged more than 22 percent to a 76-year low on
Tuesday, a day after a group of G.M. executives disclosed they had sold
shares in the struggling automaker.

Big Bucks GOP doing the Lord's Work

May 13th, 2009
9:44 am

A jury has found James J. Treacy, the former president and chief
operating officer of Monster Worldwide, guilty of securities fraud and
conspiracy in a stock options backdating scheme.

Get Real

May 13th, 2009
9:48 am

So Wooten’s idea is the same one Bush had. And tell me how individuals are in control when they invest money in retirement accounts. Isn’t that allowing the same brokerage houses and investors who screwed all this up in the first place to watch the hen house again? Oh, thats if you don’t think that ACORN and the poor were the cause of the stock crash. Thanks, but no thanks Wooten. Same old tired ideas.

jt

May 13th, 2009
9:55 am

” individuals are far better off controlling their own retirement accounts. ”
That is completely true.
But the INDIVIDUAL would not OWN said accounts.
They would probably be MANAGED by the same SS trustees.
The only answer is to be able to OPT OUT of the system entirely if you wanted.

jt

May 13th, 2009
9:56 am

And shouldn’t the SS trustees be held accountable? Considering our current nepotism, they have probably been the same crooks for 30 years.

Diogenes

May 13th, 2009
10:02 am

Good morning, Jim,

I see that you are supporting Medicare, Social Security and illegal aliens. Good for you. I never thought I’d see the day when you would be so liberal. Retirement’s obviously good for you. I hope you get out and do some gardening today; the sky is probabaly not going to fall.

Bill

May 13th, 2009
10:04 am

The red, white and blue Republican elephant logo adorns the cover of this week’s Time magazine, with this headline: “Endangered Species.” Inside, Time asks, “Is the Party Over?” The story goes on to say, “Lacking leadership and fresh ideas, the GOP has officially entered the political wilderness. It could take years to find the way back.”

Time could have swapped the elephant for a donkey and carried the same message about Georgia’s Democrats, who can’t seem to secure a seat on the Obama bandwagon. This is especially true of the Democrats in the General Assembly, who have missed numerous candidate recruiting opportunities. Like their national Republican counterparts, the Georgia Democrats haven’t found a coherent or consistent voice as the minority legislative opposition. If, as Time says, the national GOP is wandering aimlessly in the national political wilderness, then the Georgia Democrats are stumbling blindly through one of our impenetrable swamps.

One factor bringing Georgia politics and national politics together: Republican candidates seem to be taking steps to distance themselves from their leader. In 2008, much time and effort was spent by Democrats trashing President Bush (still going on), and Republicans doing so as well. Likewise, some Republican gubernatorial candidates seem to be going out of their way to put a lot of room between themselves and Gov. Sonny Perdue. They apparently worry that Perdue’s negative ratings may rub off on them. A recent Survey USA poll showed 49 percent of Georgians disapproved of Perdue’s performance as governor, compared to 46 percent who approved.

Insurance Commissioner John Oxendine has been the most aggressive Republican candidate in separating himself from the governor. Speaking recently in Effingham County, Oxendine despaired at the failures in Georgia education and laid the blame on its governors … including Perdue.

“(George) Busbee said he was the education governor in Georgia,” Oxendine noted. “Then (Joe Frank) Harris said he was the education governor in Georgia. Then (Zell) Miller said he was the education governor in Georgia. Then (Roy) Barnes said he was the education governor. Now Perdue says he’s the education governor. Every one of them has promised to fix education as governor.” But Georgia education remains a mess, the Ox added as he burned all his gubernatorial bridges.

Oxendine is not alone among candidates taking a swipe at Perdue. Regarded by some as the early front-runner for governor, Republican Secretary of State Karen Handel recently took a critical shot at the governor.

“In the area of transportation, I’m as disappointed as anyone about the lack of progress there, and believe we should have seen more aggressiveness and assertiveness around that issue,” she told The Atlanta Journal-Constitution even as she praised Perdue for his prudent handling of the state budget.

Another leading candidate for governor, state Sen. Eric Johnson of Savannah, has to be upset with Perdue because of the state’s failure to fund adequately Johnson’s pet program: vouchers for special-needs kids. According to Johnson, private schools are getting stiffed to the tune of millions of dollars.

In public appearances and media interviews, Handel and Johnson point to ex-Perdue staffers on the other candidates’ staffs.

However, Perdue and Oxendine are kindred souls in one political area: campaign finance problems. Perdue is the only governor in the state’s history to have been fined by the state’s ethics commission. The commission said he mishandled his reporting on campaign finances. Sunday’s Atlanta Journal-Constitution reported extensively on Oxendine taking $120,000 from what appear to be insurance interests. As insurance commissioner, Oxendine regulates Georgia’s insurance and small-loan industries.

The candidates’ distancing from Perdue may just be a warm-up for tackling a significant ethics scandal – yes, another one – that is just over the horizon. Senate Judiciary Chairman Preston Smith, former Perdue floor leader and fair-haired boy of the religious right, is going through a nasty divorce involving – what else? – marital infidelity. He may not be able to follow some of his scandalized colleagues and shrug off the lawsuit as irrelevant to his duties.

Among the allegations against Smith: a relationship with a subordinate state employee. According to a deposition in the case, “the other woman” worked for his campaign and then for the Senate. The Senate Ethics Committee and/or Senate Committee on Administration should have jurisdiction over this. It’s a violation of Management 101, if not Senate rules. One wonders what brave soul would initiate an unethical conduct action against Sen. Smith.

Some insiders say a move may be made in the Senate to strip Smith of his chairmanship and perhaps take other disciplinary action. Republican leaders are not eager to let yet another ethics complaint against a big-name state lawmaker go unanswered.

But don’t look for Lt. Gov. Casey Cagle to play any leading role in a GOP housecleaning. Remember, Cagle had to drop out of the governor’s race because he hurt his back.

Chris

May 13th, 2009
10:11 am

So Sonny Vetoed the JOBS Act. I’m not surprised and I really can’t blame him. Revenue figures are still dropping threatening the balance of the budget. Vetoing HB481 reduces the likelihood he’ll need to call a special session.

In my last post I spoke about leadership. I will talk about it here too. The leadership under the Gold home isn’t. Neither Sonny, Casey nor Glenn have shown any leadership in the past several years. I was really hoping a new Governor and Lt. Governor would improve things. David Shafer greatly disappointed me by dropping out of the Lt. Governor’s race. It seems like Georgia Republicans will suffer from the same dysfunction and incompetence we’ve seen the past 4 sessions.

I commend the efforts of Tom Graves and Chip Rogers to try and reign in run-away taxes and to improve our economic competitiveness with our neighbors. The problem is tax cuts must be offset with spending cuts. The time to cut taxes and spending was last year and the year before (and credit to Rogers and Graves for working on it then too). Back then we had fat in the budget. Back then the stimulative effect of a capital gains cut might have had an immediate effect on this recession.

Back then our so called leaders were porking it up with Boat Ramps and Halls of Fame. They were wasting money on stupid vote buying schemes back in their home districts. In 2007 only one Republican member of the house voted against the waste-filled budget.

I don’t blame Sonny for vetoing this tax cut. I blame him for vetoing previous tax cuts. I blame him for growing our budget 50% since taking office. I blame all the House and Senate Republicans for keeping porkers like Jack Hill and Ben Harbin in their committee chairmanships. I blame House leadership for not passing Zero Based Budgeting again this year.

Sonny Perdue is right about one thing. We need to look at our taxation policies holistically. But taxation is only one side of the equation. We need to look at spending. We need to look at all the subsidies we give to the counties so they can’t avoid having to go on the record for tax increases (I’m looking at you Homeowner’s Tax Relief Grant). We need to have a serious discussion as to what services the State of Georgia should and should not be providing. We need to give local municipalities multiple tools for raising revenue in a fair and transparent manner, and let them decide how they wish to go about doing so.

In short Republicans, and especially Conservatives, in Georgia need to start demanding better from their elected officials. We do not govern by divine right. Nor can we rely on stupid tricks like Tom Delay’s “K-Street Project”, or Karl Rove’s scheme to demonize some group that will never vote for us anyway to keep us in office. If we cannot demonstrate that conservative principles deliver results, the voters will turn to socialistic or fascist economic policies. And the fault for that will be our own.

AmVet

May 13th, 2009
10:12 am

“The decline in the stock market has shaken the confidence of those who have 401(k) and similar retirement investments. But even with that decline, which will be temporary — the market will bounce back — individuals are far better off controlling their own retirement accounts.”

You gotta love the euphemisms that the out of date, out of touch, out of time right wing uses.

We’ve just witnessed the attempted corporate destruction of capitalism, caused by widespread malfeasance and criminality. Numerous levels of and countless players in the “free market” have pillaged their way through other American’s money including the US Treasury, and their paid for pols looked the other way. Or actually aided and abetted in the thievery.

Not only is he not outraged, not only does he not call for economic justice, Jimbo merely shrugs it off and contends “the market will bounce back”.

Certainly the crooks and swindlers on Wall Street will retrench and try even harder to obfuscate their crimes, but Uncle Sam has essentially let all the perps walk. With your money.

And nothing has really changed. No widespread prosecutions. No fundamental regulation. Just more rhetoric and playing dumb, ala the esteeemed Mr. Cheney who bleated before the cameras, “No one saw this coming.”

A liar and crook. What a great combination for a Vice President of the United States of America.

And take it to the(ir?) bank, it is likely to happen again…

Sam

May 13th, 2009
10:19 am

Quoting:
he rabid right has been trying to tear down the hated (and massively successful) Social Security program ever since it was established.

The fixes are easy, obvious, and totally unacceptable to the right-wing. Fortunately, their opinions no longer matter.

End quote.

So, just what are these obvious fixes? Let me guess: raise the SS tax on the “rich” but limit what they can get when they retire?

I am one of those who is for getting rid of SS completely. Even with recessions and dips in the market, a person investing in indexed funds over the course of 40 years ends up with more money at the end of that time than he/she will get from SS.

RetLTC

May 13th, 2009
10:25 am

John Oxendine? LMAO!! He damn sure isn’t the answer.

El Jefe

May 13th, 2009
10:38 am

Someone called Social Security “massively successful” – are they kidding?

I get a statement from SSA showing what I have paid in and what my bebefits should be. I would be better off investing that money in a 3% CD.

Social Security was never meant to be a retirement fund, but a suppliment to retirement. At least that is what the FDR said purpose was.

Seems that the liberals want everything included.

In 1939, Comgress created the Social Security Trust Fund. We all know how that went – Trust fund, what trust fund.

Of course, we have to add LBJ and Medicare, another part of SSA. He also killed the idea of a “trust” fund for SS and made it part of the general fund.

Then when you add in the ‘72 COLA’s and SSI for thaose that never paid into the System you have yourself a very successful train wreck.

@@

May 13th, 2009
10:46 am

Hey! You and Bookman are on the same topic today. This makes my life easy. I’ll just share my thoughts between the two of you (additions here).

Well, Jim, the markets fluctuate and politicians flatulate.

I know in which I would prefer to invest.

Let’s just make it simple. Old folks (legal or not) have become a drain on the collective. Just let ‘em die under Obama’s government healthcare by either restrictions or limitations on care. We’ll have to take them out in twos to prevent the resources/benefits from passing.

El Jefe

May 13th, 2009
10:46 am

Amvet,

Cheney may not have seen it coming, but with Dodd and Franks in charge, they should have seen it coming.

Congress has the responsibility, not any President, except this one – He seems to be able to run everything just peachy.

Poultry

May 13th, 2009
11:07 am

This column is interesting. I remember that around 10 or maybe 12 years ago, some Democrats were meeting with Republicans to discuss the benefits of a “demographic bailout” of entitlements.

It’s a rare and unique feeling, when things play out which things were hinted long before. A woebegone feeling.

Makes me think of the late American diplomat George Kennan, whose sad predictions, throughout the latter half of his life, ever came true in due course. Again, there’s no warmfuzzy in this, only a dry intellectual satisfaction (I would guess) and a sense of woe.

Peter

May 13th, 2009
11:14 am

Jim is Not saying what happens to the money we have already paid in……..what happens there ?

Poultry

May 13th, 2009
11:18 am

This could appeal, I should think, to our friends Diogenes, AmVet and the ever astute @@.

Poultry

May 13th, 2009
11:24 am

@Peter,

What happens is that if there’s ever to be a pay-out, it will have to happen at the expense of new immigrants. It’s an admission that New Deal entitlements carry grave implications for subsequent generations. Once I read a pro-lifer argue that had we not been so tolerant of species extinction we Americans would have kept the promise within our own, otherwise burgeoning, population. It’s a kind of eugenic, or else anti-eugenic, argument: the fiscal value of population growth. Very sad.

Ankish

May 13th, 2009
11:33 am

Poultry,

I think I agree in part with you unspoken thesis. Social Security ensures organic population growth. The results of birth control pills, abortion-on-demand and similar technologies has been to necessitate immigration from other, less desirable, population sources. FDR may have fought Hitler and the Third Reich but it doesn’t mean he didn’t learn something from them.

Chris Broe

May 13th, 2009
11:39 am

A troll with a dictionary is not pretty, is it?

Social Security. The phrase makes your eyes glaze over. Like the word insurance. America has not saved one penny. Capitalism is its own worst enemy. Social Security is our flag’s strongest defense. It’s cheap military spending. Without social security, our democratic republic would collapse like the twin towers.

Finally a definition of Conservatism: Leaving Americans with nothing to lose. Hasn’t that worked well enough, and long enough for tyranny? America would make a great refugee camp. Just look at all the vacant homes.

Aw, it’s gonna be great people. The landed gentry behind their communal gates; the rabble wandering aimlessly around like infected fire ants…..till liberty’s head falls off.

I know not what course others may take, but as for me, give me social security, and/or give me the death tax.

Maggie Thumpskin

May 13th, 2009
11:39 am

Chum-swiller.

Ray Pugh

May 13th, 2009
11:46 am

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Peter

May 13th, 2009
11:59 am

So are we to trust a government I gave $200 K to, and probably never get my money back ?

@@

May 13th, 2009
12:06 pm

Species extinction. I put forth that argument once and it mattered not to the segment of leftists posting here and elsewhere. Others actually hadn’t thought about the unintended circumstances.

When it comes to the pols in Washington, I maintain a healthy skepticism as to their intended goal. I don’t believe they’re in it to serve the public. I believe their sole purpose is divide and conquer. To the victor goes the spoils. They intend to be the victor.

Once a people becomes addicted to the preferences of politicians, there’s no turning back. The drug breeds apathy.

Europe will never be the same. There will just be fewer of them and then who will we Americans have to envy?

Thppbbbttt!

There are only two ways to keep the present government-run European health-care systems going. One can either drastically increase the financial burden on those at the paying end of the system – the young and healthy of today – or one can drastically limit the quality and the availability of health care for those at the receiving end – the sick and the elderly.

Like all Belgians, my grandfather had paid wage-related contributions to cover health insurance throughout his entire professional life. The Belgian health care system is a so-called pay-as-you-go system. Today’s young and healthy do not set money aside for their own future needs, but are compelled to pay for today’s sick and elderly. As my grandfather had never needed much health care, he had been a net contributor to the system. Now was the first time he was going to claim something back.

He had his operation in May. In November he was dead. The prostate operation had gone fine, but afterwards the hospital had given him an antibiotic drug that caused complete deafness. Though there were other, but costlier, drugs available, the hospital gave the old man the cheapest one. They knew about the side-effects, but it did not strike them as an unreasonable and unjust thing to do. Why should it? A man who has already had 90 healthy years of life surely has no right to complain about deafness when some people get more seriously ill or die at a far younger age. When my grandfather left the hospital he was completely deaf. He lost his will to live. Six months later, he was dead.

First they came for the unborn….then it was the elderly. I was neither, so….

I chose to stand up for the terrorists.

^^^ Leftist sentiments.

Poultry

May 13th, 2009
12:08 pm

@Ankish,

Beautifully put.

I would add only that FDR believed much of it prior to Hitler’s rising.

Maggie Lumpskin

May 13th, 2009
12:15 pm

Cool. I have a … um … fan?

JustaJew

May 13th, 2009
12:17 pm

I would add only that FDR believed much of it prior to Hitler’s rising.

As evidenced by our country’s own eugenics program in the 1920’s wherein about 200,000 people were sterilized or euthanised.

Poultry

May 13th, 2009
12:20 pm

Yet Ankish,

Roosevelt had the benefit of a lot of land, so what was his excuse over against Hitler’s angst over Lebensraum, or space in which to grow? FDR justly hated the notion of a “master race”, yet he tried to breed such a disgusting thing even here. Might FDR have been trying to breed out of Americans such blights as his own Polio? I don’t think so, as he only contracted that disease as an adult, just prior to Hitler’s ascension. This disgusting impulse must have gone back deeper with FDR.

Poultry

May 13th, 2009
12:21 pm

@JustaJew,

I guess you and I are on the same page, as we were typing simultaneously.

Poultry

May 13th, 2009
12:29 pm

So, in other words, while there was a certain hideous rationality in Hitler’s perceived mission to reduce the German population, what was FDR’s excuse? Whatever the excuse, might it have been the cause of Roosevelt’s callous response to the Shoah? Not as a co-conspirator, but as a jaundiced observer?

Ankish

May 13th, 2009
12:39 pm

Poultry,

You say “disgusting impulse”, I say “natural selection.” We live in a country that requires Charles Darwin’s theory of natural selection in school but finds it repulsive when we discuss it’s ramifications in our own species. We live in a country that reviles Christianity and it’s tempering morality on these darker impulses but fails to grasp that, left on it’s own, natural selection leads the species to a “Third Reich/Final” solution.

I like this country and its messy politics but I hope we don’t screw it up.

Jackiec

May 13th, 2009
1:08 pm

Social Security is a floor for many that have no other avenue of income.
For those that are not independently wealthy, how are the 401(k) and other investment vehicles responding to the raping of America?

You have those that complain about what Social Security HAS NOT DONE! Turn that statement around and ask what Social Security HAS DONE for our parents and grandparents and will do for us and our grandchildren.

Something is certainly better than nothing!

Put this concept in your collective thoughts processes; raising the ceiling on the total amount of money taxable for Social Security from $90,000 to $250,000 per year would help to extend the solvency of the fund for many years. Forcing the politicians to stop dipping into the fund would help by requiring them to balance the budget and eliminate most of the costly borrowing to fund the government.

This would give a very clear insight into what the government actually costs and what priorities we place on our spending.

As for illegal aliens, the mere description of the status gives one a clue as to why that should not be a concern; THEY ARE ILLEGAL!!!!!!

A sane, rational immigration policy coupled with a livable wage for American citizens would solve many of our financial woes.

Eric

May 13th, 2009
1:17 pm

I won’t “entrust” any more of my hard-earned money in the stock market ever again–much less 401k plans–after this debacle. If the government can’t help old people, then shame on our country! I’ll just walk the streets and drop dead under a bridge before I go broke trying to pay for healthcare at the end of my life!

herbertx2

May 13th, 2009
1:35 pm

I worked construction for three months at a carpet manufacturing plant in dalton ga. It was full of latins. This company had a law suit brought by employees because of hiring illegals. On payday you could pull check stubbs out of the cans and you would find that many had no taxes taken out. When they were hired they would check tax exempt on their form. I applied for a job with this company and the lady told me to come back in April as many would leave then. So You see only the very stupid illegals pay taxes. They quit in April then come back with a new name and social security#. So They are not contributing as people say they are.

Algonquin J. Calhoun

May 13th, 2009
1:48 pm

Jim, you’re ideas are tired, recycled and totally without merit. Our problems have all come from having Republinazis in charge and not from what Illegal aliens may have done!