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Trump's plan to privatize Social Security

Posted: Nov 16, 2016

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Where did you see that? i haven't seen anything about that - Truthhurts

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That rumor has been around the bend for years. I know that back in 2005, they suggested allowing people to VOLUNTEER to put a percentage of their FICA taxes into a private account, but it never came up for a vote. It was not mandated. It was not force and no one would be fined if they didn't want to do it.

This is a just another bunch of lies from the sore losers.

Sorry--it's really Paul Ryan's plan - Not Trump's

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nm

Any proof of your claim? - nm

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X

Here's link to one of many sources - on this subject

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http://www.forbes.com/sites/johnwasik/2016/11/16/three-ways-trump-gop-may-cut-social-security-medicare/#117aef5a4e0e

Those are "What If's," not real plans and past suggestions - Truthhurt

[ In Reply To ..]
Anyway, it speaks about a "former lobbyist." Trump has gotten rid of lobbyists already. This Korby guy was also in the Social Security Adminstration and he's the one who has been advocating to privatize SS since 1996.

Here's The Truth - Truthhurts

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While Social Security spending and revenues are included in overall federal budget reports, the program historically has been self-sufficient. All Social Security benefits are funded from payroll taxes and the interest income from the investment of surplus tax revenues in a special series of federal bonds.

None of these earlier proposals to reduce the growing gap between program benefits and payroll taxes were enacted, and this legislative gridlock has turned a manageable course correction into a full-blown crisis.
Program reforms enacted in 1983 created big surpluses that are now being reduced. They will disappear in the next 14 to 18 years, depending on whose projection is being used. A recent study found that investing some of these surpluses in private stocks and bonds could have substantially raised trust fund reserves. But Clinton and many other Democrats have resisted privatization for many years.

There is no shortage of studies of ways to reduce the growing gap between program benefits and payroll taxes. The Social Security Administration maintains a comprehensive list of reform proposals and web links to related reports and research. Significantly, none of these earlier proposals were enacted, and this legislative gridlock has turned a manageable course correction into a full-blown crisis.

None of the above information comes from Trump. It comes from Phillip Moeller of PBS.

If you want to be bored, there's plenty of proposals from the Social Security Agency itself.

http://www.ssa.gov/oact/solvency/

Due to the program reforms in 1983 - they cut my social security by $372.00 per MONTH..

[ In Reply To ..]
No message.

What happened in 1992? One of the first things Bill Clinton - did was to tax Social Security.

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???

That would be under a Democrat led Congress - under Tip O'Neill. I refer you to

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Galveston Plan, where people where given a choice to handle their own money or trust the government.

"Greedy Geezers" - I am barely hanging on as it is

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You'd be surprised at how many people think that most older people are rich and/or get a free ride from the government. Even the younger people in my family complain about not being able to move ahead because the "geezers" won't retire ("geezer" being someone in the their 50s). I doubt if a person who has the money to run for public office understands what it's really like to survive on a very modest income, but doing away with SS as it is now seems to be on the minds of a lot of politicians.

You are right. - nm

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Here we go, usual Democrat playbook. Scared seniors - by telling them Republicans want to cut their

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Social Security. Same old playbook.

What's the problem? It will be your choice if you want to do - it or not? Why don't you want people

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to have a choice?

I mean after all, leftists don't care if we don't have a choice about Obamacare. We have to buy it or pay a fine.

Stories you can always bank on under a Republican president. - Social Security scare tactics and

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homeless stories.

You do realize that all the SS taken out of your paycheck isn't - being kept for you, it's being used

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to pay for current recipients or put in the general fund.

Your children will be paying your retirement. Unfortunately for them, there are not enough youths to pay for the boomer generation. They will be paying a rate of 80% or higher to keep up.

SS hasn't been our own for over 50 years - sm

[ In Reply To ..]
SS paid into by individuals USED to be theirs. In 1965 it was the the only program that was solvent. So guess where the Democrats went. Yep: Individuals' SS accounts.

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