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New FICA is necessary, but not in its current form.
I'd love to see a study (if I can find the time, I'd do it) that would show how solvent the SS Trust fund would be had former Governor Lamb's recommendations been taken seriously back in the 80's.

Roughly, it went like this:

1) Everyone gets back what they paid in, plus interest.
2) Beyond that, subject everyone to a means analysis. Have/make too much? You get bumpkis.

Does Ronald Reagan, Bob Dole, <insert your favorite millionaire over 62> really need the additional income? They need to take from me and my kids, their kids, etc. ad nauseum?

My mother-in-law has already made more in the form of SS checks in real dollars than she did gross her entire working life.

Me? according to my last statement my parent's generation got back what they paid in within 5 years. My projection is 28 years to break even and I'm still contributing.

I've already paid in more than a former senior executive with a Fortune 100 company I know who retired in 1991. He's got everything back he paid in plus about $30,000. But he still gets his check/COLA/medical insurance/etc.

SS as it is now is nothing more than a way for old bastards to get their Viagra prescriptions paid for by future generations. Goddamned children of the 40's, had everything handed them on a silver platter throughout the 50's and still they want more...
bcnu,
Mikem

The soul and substance of what customarily ranks as patriotism is moral cowardice and always has been...We have thrown away the most valuable asset we had-- the individual's right to oppose both flag and country when he (just he, by himself) believed them to be in the wrong. We have thrown it away; and with it all that was really respectable about that grotesque and laughable word, Patriotism.

- Mark Twain, "Monarchical and Republican Patriotism"
New What on earth would be the point of that?
If I want to buy CDs for my retirement, I can do that by myself. And if some bureaucrat decides for whatever reason that I should get nothing, well, why should I pay into it, then? And if I did, where would my money go? That's hardly better than the current scam.

Next you'll be saying we need a government program to unzip our flies for us before we pee. But they'll only help us pee if they deem us worthy, and we get taxed for it regardless. Helping people pee. Now there's an interesting patronage job.

No nation ever became great or wealthy by government redistribution of wealth. A number have been severely harmed by it, though. The UK comes to mind. It's a wonder anyone's still stupid enough to believe in that horseshit.
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DEAL WITH IT.
Compromise is for suckers. Seeking a middle ground is what led to 9/11.
"I do not want to be admired by scumbags and liars and wife beaters. I want to be admired by good and decent, intelligent and just people, and in order to achieve this I need to do things that make me despised by their opposites." - Bill Whittle
Never mind all the mass graves. Where's the nerve gas?
[link|http://www.angelfire.com/ca3/marlowe/index.html|http://www.angelfire...arlowe/index.html]
New You really are thick, aren't you?
And if some bureaucrat decides for whatever reason that I should get nothing, well, why should I pay into it, then?


Now, I realize that you are largely incapable of reading with comprehension, but if you will look back to my first post you will see that you get everything back you put in. Your idiotic response above suggests that I said "Put it in, but don't take any out". I couldn't read the rest of your post for fear it made as little sense as the first paragraph.
bcnu,
Mikem

The soul and substance of what customarily ranks as patriotism is moral cowardice and always has been...We have thrown away the most valuable asset we had-- the individual's right to oppose both flag and country when he (just he, by himself) believed them to be in the wrong. We have thrown it away; and with it all that was really respectable about that grotesque and laughable word, Patriotism.

- Mark Twain, "Monarchical and Republican Patriotism"
New Put it this way - he can stop neutrinos
-drl
New It's about the *profit*, you dolt.
Either there's something beyond getting back principal and interest involved here, or you're simply talking out of your ass, as usual.
----------------------------------------------------------------
DEAL WITH IT.
Compromise is for suckers. Seeking a middle ground is what led to 9/11.
"I do not want to be admired by scumbags and liars and wife beaters. I want to be admired by good and decent, intelligent and just people, and in order to achieve this I need to do things that make me despised by their opposites." - Bill Whittle
Never mind all the mass graves. Where's the nerve gas?
[link|http://www.angelfire.com/ca3/marlowe/index.html|http://www.angelfire...arlowe/index.html]
New Put down the crack-pipe, man.
Either there's something beyond getting back principal and interest involved here...


Hey goober, principal + interest is um, let's see, can I get a single syllabled word to describe this to you, YES! principal + interest is more than you put in.
bcnu,
Mikem

Java, Junk. Both start with a "J", both have four letters. Coincidence? I think not.
Expand Edited by mmoffitt Nov. 3, 2003, 10:56:35 AM EST
New Cain't he'p myse'f
Does Ronald Reagan, Bob Dole, <insert your favorite millionaire over 62> really need the additional income?

With regards to Ronnie, I dunno...and neither does he!
jb4
"There are two ways for you to have lower Prescription-drug costs. One is you could hire Rush Limbaugh's housekeeper ... or you can elect me President."
John Kerry
     The problem as I see it - (orion) - (8)
         Just to support Social Security? - (marlowe) - (7)
             FICA is necessary, but not in its current form. - (mmoffitt) - (6)
                 What on earth would be the point of that? - (marlowe) - (4)
                     You really are thick, aren't you? - (mmoffitt) - (3)
                         Put it this way - he can stop neutrinos -NT - (deSitter)
                         It's about the *profit*, you dolt. - (marlowe) - (1)
                             Put down the crack-pipe, man. - (mmoffitt)
                 Cain't he'p myse'f - (jb4)

"The vast majority of our imports come from outside the country."
- George W. Bush, Jr.
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