Lindsay Graham: I Will Destroy America’s Solvency Unless The Social Security Retirement Age Is Raise
Source: ThinkProgress
Lindsay Graham: I Will Destroy Americas Solvency Unless The Social Security Retirement Age Is Raised
By Ian Millhiser posted from ThinkProgress Economy on Dec 30, 2012 at 11:25 am
Although official Washington is currently fixated on the so-called Fiscal Cliff, the biggest threat to American prosperity is the debt ceiling, which must be raised in February to prevent economic catastrophe. If Republicans refuse to reach a deal on the so-called cliff, the Congressional Budget Office predicts that they will spark a new recession in 2013. But if Republicans block action on the debt ceiling, they will make that potential recession look quaint. Without raising the debt ceiling, the United States will be forced to embrace austerity so severe it will lead to a bigger GDP drop than that experienced during the Great Recession of 2008.
But in an interview on Fox News Sunday this morning, Sen. Lindsey Graham (R-SC) threatened to oppose this must-pass bill unless Social Security benefits are taken away from millions of future retirees:
Im not going to raise the debt ceiling unless we get serious about keeping the country from becoming Greece, saving Social Security and Medicare [sic]. So heres what i would like: meaningful entitlement reform not to turn Social Security into private accounts, not to take a voucher approach to Medicare but, adjust the age for Social Security, CPI changes and means testing and look beyond the ten-year window. I cannot in good conscience raise the debt ceiling without addressing the long term debt problems of this country and I will not.
Watch it:
Read more: http://thinkprogress.org/economy/2012/12/30/1379681/lindsay-graham-i-will-destroy-americas-solvency-unless-the-social-security-retirement-age-is-raised/
liberal N proud
(60,334 posts)What happened to support and defend part of the oath of office?
I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God.
You can't deal with Terrorist!
Angry Dragon
(36,693 posts)indepat
(20,899 posts)Amonester
(11,541 posts)Angry Dragon
(36,693 posts)The Wielding Truth
(11,415 posts)Lindsey Graham has way overstepped his oath of office and should be held accountable!
valerief
(53,235 posts)kaiserhog
(167 posts)as are the twins from Tennessee.
Andy823
(11,495 posts)It's really pathetic that members of congress have to be "afraid" to do what is best for the country, like not putting all the burden on those who need help, because they fear some right wing lunatic might challenge them in the primaries. Republicans created the teabagger monster, now they are fighting to keep from being eaten alive by that same monster!
Now there are ways to fix the problems, but it should involve taking away "corporate" welfare programs, tax breaks and subsidies for big oil, corporate farm subsides, tax reform, making the rich pay more along with corporations, and not taking from those who really need help.
Republicans just don't seem to give a crap about the average person, only their jobs and the rich, and that's not how our elected officials should be, and any of them who are, republican or democrat, need to be voted out of office, period!
Joe Bacon
(5,165 posts)If there was anyone who deserves to be teabagged it's him!
putitinD
(1,551 posts)grantcart
(53,061 posts)but does anyone have any idea what HE means when he discusses 'means testing'?
Does this indicate a two tier SS system that would provide more for lower income recpients?
AlbertCat
(17,505 posts)Exactly!
I mean, c'mon....it's Fox News Sunday.
It's a "tough stance" act on an alternative universe network. I just saw "The Hobbit" and it is more realistic than Fox News.
It's also treasonous, isn't it, to threaten to destroy the country.... from the Senate. Didn't he take an oath?
malibea
(179 posts)Taking an oath to his country means nothing to this awful peon who calls himself a representative of the American people. How awful, as usual, that the only thought these repugnants have is getting re-elected and continuing to get rich!
Surprise, surpise and yet people keep voting for this type of garbage.
awoke_in_2003
(34,582 posts)The same amount for lower income recipients, and less for the better off.
daleo
(21,317 posts)The rich don't need it, so it's no big deal to them.
awoke_in_2003
(34,582 posts)but truth is, they will bring women up level, allow wages across the board to stagnate for a few years, and come off better in the end. The little person NEVER wins.
AndyA
(16,993 posts)Want to "fix" social security? Raise the cap. Let the wealthy pay into it a bit longer, they won't even notice.
Want to "fix" Medicare? Let it get the best prices for prescription meds, for starters.
These people are nuts.
hobbit709
(41,694 posts)malibea
(179 posts)No further explanation needed! Case closed.
AlbertCat
(17,505 posts)After putting back the money they "borrowed" for those wars we started. It can come from the Defense Budget. No one over at DoD will even know it's gone.
Panasonic
(2,921 posts)Here's the better approach - LOWER the SS/Medicare requirement to 55 and remove the FICA cap to accomodate it and change the calculation of COLA from CPI-U to REAL TIME inflation.
peacebird
(14,195 posts)Medicare if they choose would go a long way towards helping its solvency.
JDPriestly
(57,936 posts)When you get about 50 years old and have to buy your own insurance, they increase your rates for every little thing. They call them pre-existing conditions. And if you have a history of sinus infections or some inconsequential genetic condition, you will be priced out of the insurance market.
Then, of course, when you get in your late 50s or 60s, your employer "re-organizes" to eliminate your job, and you are too old to get another one that pays anything. By this time, you can't afford insurance anyway so you put off health care, ignore symptoms and pray that you will make it to 65 when you can finally go to the doctor.
Meanwhile, if you saved any money for retirement, by the time you reach 65 (or in some cases 63), it's gone. So now you are on Social Security and Medicare.
And that is the way it goes for 95% of Americans.
Buy a cheap house when you are young -- forget about the schools, supplement your child's education on weekends and after school -- and pay it off. That's they only way you can manage to live on the average Social Security of between $1200 and $1300 per month.
If it weren't for Medicare, young people would have to pay for their parents' chemo. And where would the money come from?
Lindsay Graham needs to lose his job.
peacebird
(14,195 posts)of healthier adults into medicare and it could help drive costs down. As is medicare insures the sickest segment of the population only. But by its sheer size, and cost bargaining ability, IF folks like me could buy into it I think it would be a win win.
moman
(73 posts)At least many in the SC Republican Party do.So Lindsay has to play this game as his election year approaches and throw the "base" a little red meat!
He's willing to destroy the country's solvency in order to save his own political hide. He knows his job is in huge jeopardy with the "base", so he's pulling out all the stops right now.
Festivito
(13,452 posts)Fool is too light. Traitor!
Siwsan
(26,262 posts)The hardest labor Lindsay does is running his mouth and obstructing progress in the warmth of the Capital Building, and his every need is pretty much catered to.
Construction workers, utility workers, delivery workers, people who lift, haul, work outside in all kind of weather. Their bodies are at their limit, and beyond, before age 65. My brother in law does store deliveries for a major chip manufacturer. It's a good job, but after 30 some years, his knees are shot, and he's not yet 60. He has some retirement savings, but he will need the SS that he's been paying into, for years.
malibea
(179 posts)You tell the truth, truly! Truer words were never spoken.
putitinD
(1,551 posts)Siwsan
(26,262 posts)indypaul
(949 posts)For those more fortunate people who are paying income tax on a
portion of their Social Security income. Why not dedicate those
collections back to the Social Security Trust Fund instead of wildly
spending them in other areas? This money collected under the
guise of an income tax is really nothing more than returning part of the
Social Security those persons collected. I have no idea of the amount
of money this raises but every little bit counts and I suspect this is no
small amount.
mysuzuki2
(3,521 posts)All income tax collected on SS benefits is put back in the trust fund and has been since SS benefits were first taxed in 1984.
global1
(25,248 posts)make it so he can't destroy America's solvency by the use of filibuster.
BumRushDaShow
(129,009 posts)Let bills pass with a majority, no more anonymous holds, and make this ass keel over on his feet after being forced to actually give a filibuster speech.
buzzroller
(67 posts)of counting these taxes as credits toward the social security trust fund since they have been paid (social security used to be completely exempt) to see if the fund is still projected to pay less than 100% of benefits in 2037. Because Congress has borrowed from the fund, Congress would simply owe the fund more money if these taxes were credited.
Either way, the reason social security is under attack, in my view, is that Congress may eventually have to make up the money it borrowed from general revenue which means raising other taxes or cutting other programs (like defense). Pretending Social Security is the real problem makes it easier to not pay the money back.
davidpdx
(22,000 posts)Because we got suckered last time around and would have surely had the votes to pull it off. As The Who song says "Don't get fooled again..."
defacto7
(13,485 posts)lumberjack_jeff
(33,224 posts)just sayin'
olddad56
(5,732 posts)Last edited Sun Dec 30, 2012, 07:48 PM - Edit history (1)
Does he think he was elected to destroy the lives of the people who elected him. No, he was expected to serve and represent the people elected.
Response to olddad56 (Reply #16)
jonthebru This message was self-deleted by its author.
humblebum
(5,881 posts)an established ceiling. That should be the first move before any talk of raising the age limit.
duffyduff
(3,251 posts)plethoro
(594 posts)dddddddddd
appleannie1
(5,067 posts)was earned that year? Oh, I get it, that would put a burden on higher earning people. So screw blue collar workers instead.
Peregrine Took
(7,413 posts)There has to be some payback to these a-holes.
Samantha
(9,314 posts)Why do people keep voting for him?
Sam
ProfessionalLeftist
(4,982 posts)SOCIAL SECURITY HAS NOT ADDED ONE NICKEL TO OUR NATIONAL DEBT.
This is a Repig trying to ram HIS "I hate all New Deal Programs and want them destroyed" political ideology up everyone's ass. And that's all.
John2
(2,730 posts)should recipients, who are legally a third party, accept what this one person wants? I'm one of the future recipients of Social Security, why should I be held to this man's wishes? Money has been taken out of my pay check with certain promises. So why should this man have any say to affect this, without my say so legally? I do not see this any other way. Why would I not see this guy as threatening my livelihood because of the money taken from me? I think people should be able to sue this man and Congress. It is a Debt owed to us. I consider this money taken out of my hard earned pay and a default if Congress reneges on it. I do not think Congress should be raising any age limit period.
Faygo Kid
(21,478 posts)And Medicare. And Medicaid. And they are close to doing it. We can save those programs with minor adjustments, but that's not their goal. Their goal is to end them, in favor of more benefits for the Koch brothers.
I for one am sick of it.
ellie
(6,929 posts)Who is bigger idiot?
leftyohiolib
(5,917 posts)John2
(2,730 posts)what I'm alluding to. Why is this not illegal for any new Congress to come along and renege on something an earlier Congress promised? I can see if they hadn't taken money out of people's checks but the problem is they did for most of that person's career. If they are going to make any new law, then it shouldn't affect people that has already paid into the system under the old agreement. That decision would cause monetary damages to people. So why isn't this illegal in any civil court? There is no guarantee, people will live to the age he is proposing to push it back to either.
OldRedneck
(1,397 posts)Yep, retiring at age 70 is great if you're a Senator whose job consists of sitting on your ass and flapping your gums when you're not on vacation.
But for someone who WORKS for a living -- plumber, electrician, carpenter, mechanic -- it's an entirely different story.
John2
(2,730 posts)construction workers. I'm disliking this man the more and more he opens his mouth.
malibea
(179 posts)Speak, speak! You can say that again! Talk is cheap and easy, actually doing it is another thing.
Skittles
(153,160 posts)it's just another example of these rich bastards who do not live in the real world
madrchsod
(58,162 posts)change the filibuster rule and he`s irrelevant.
newfie11
(8,159 posts)And how much he is getting paid. If that's not the case then he has a mental problem.
pakilolo
(5 posts)Why is anyone surprised by this grifter Senator from a Slave State. They are fighting the Civil War all over again and they want to defeat the Black President. They really hate Obama. And by extension they hate the Blue States who support the Slave State's welfare programs.
These Grifter Senators and Congressmen/women are grifters out to get as much money as they can before the Banks and Wall Street Scam Artists pop the next economic bubble. And...it looks like they are going to collect a lot of graft and bribes before we collapse.
oldbanjo
(690 posts)so things are slowly changing. Hopefully this asshole will loose next time.
d_b
(7,463 posts)putitinD
(1,551 posts)GOP would dis-own him in a heartbeat
lunasun
(21,646 posts)oldbanjo
(690 posts)WhoWoodaKnew
(847 posts)We HAVE to address our debt.
malibea
(179 posts)From what I understand, Social Security is a self-sustaining trust and does not add nor subtract from our debt.
Social Security is it's own fiefdom that repugnants just want to eff with because it is the only program that middle and poorer level people have paid into, have held its own by not being co-opted by the rotten, non-righteous righties, and they can't stand the fact that they can not bother it!
Several repugnants have attempted to want to meddle with it (privatize) but each attempt has been turned back by the Democrats and us seniors- and we plan to keep it that way.
We Seniors are a powerful lobby, have paid our dues and expect quid pro quo in return. Anybody who doesn't agree is in a heap of trouble with us.
WhoWoodaKnew
(847 posts)malibea
(179 posts)Do not, and I repeat DO NOT reduce the debt by tampering with Social Security by any means. This is a dividend that we have purchased through deductions over 45 years. Why should we seniors pay for the debt- we didn't ADD TO IT!
As a matter of fact, we seniors have LOANED money from our Social Security fund to save other programs that were in need of a little capital ($$). There were programs that have been screwed up by politicians, by the way, who did not know what the eff they were doing in the first place. The pols realized this after the fact- which is usually when they realize it. Just a bunch of dumb bozos who have nothing better to day than to mess up people's invested money. But they don't care because it is not their money that they are risking.
WhoWoodaKnew
(847 posts)malibea
(179 posts)I am in agreement that we must address the debt, but not by using Social Security, period!
That's all I have say on the subject and the last I will SAY on the subject.
santamargarita
(3,170 posts)asjr
(10,479 posts)would get rid of him for us. They will not like hearing that. His ego sort of reminds me of that old joke about the obese Texan who died in New York and they could not find a casket big enough to put him in. Someone called another Texan and he told them to give the corpse an enema and then they could fit him in a shoe box. That is what Little Lindsey needs.
RC
(25,592 posts)Do we really need a defense budget equal to the rest of the world? I'm thinking not, so lets start the cuts there and see what happens.
putitinD
(1,551 posts)still have a 'surplus'
24601
(3,962 posts)25% of the federal budget. But assume it was that big - take a number, reduce it by 25%, then double what you have left - you don't have a surplus and the number you end up with is 150% of your starting budget.
Here's the President's budget: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/tables.pdf
world wide wally
(21,743 posts)more power than they can be trusted with.
blackspade
(10,056 posts)SS has nothing to do with the national debt.
limpyhobbler
(8,244 posts)They aren't even talking about reinstating a financial transaction tax. That shows they aren't really serious about deficit reduction. Not a Serious Person.
putitinD
(1,551 posts)Hulk
(6,699 posts)This pig is the biggest ass hole in the whole Senate. No surprise he's from South Carolina. They seem to have the STRONG history of doing whatever they can to screw this country to keep the wealthy white cotton plantation owner in power. Goes ALL THE WAY back to the Civil War; and continues to this day.
F**K this clown! Worthless w**** trash!
malz
(89 posts)I agree with it, but I thought editorials couldn't be posted in the LBN forum.
DonViejo
(60,536 posts)freetrucker53
(36 posts)I have to ask, is Social Security and Medicare reductions the only things put on the table as a way to raise income? A tax on automatic computer trades would be one thing. Maybe a small tariff on Chinese imports even. If these were were put on the table it would be hard for the republicans to defend them for sure.
Kablooie
(18,634 posts)Looks like nothing will stop them because they are intent on actually destroying the country unless everyone gives in to their demands.
My fear is that they will damage the country so badly that at some point the Democrats WILL give in.
And then it's game over.
Terrorist politics will become the standard GOP procedure and our country will begin to reshape itself into a pure Republican model.
jinx1
(45 posts)NHDEMFORLIFE
(489 posts)I mean this as a serious question. When you think about it, Social Security is really a pretty Republican idea - save money from your paycheck every week, put it aside and come get it when you're retired. I understand that the trust fund has been raided again and again, but every study I've seen supports the theory that SS is not in this constant state of immediate crisis as its foes would have us believe.
Do they hate it simply because they don't need it and don't know anyone who needs it?
I realize they hate all semblance of public assistance for anyone in need, but their special hatred for these two programs mystifies me.
Rosa Luxemburg
(28,627 posts)just think if they didn't have to pay for SS and medicare they could buy a few obsolete bomber aircraft!
NHDEMFORLIFE
(489 posts)Populist_Prole
(5,364 posts)If they can slay THAT dragon, everything else will be a piece of cake when it comes to "starving ( and killing ) the beast"
It's a high-risk stategy that will either "make" them in a huge way, or break them to the point of utter irrelevency. The rich angry white guys know their days of hegemony or numbered, so they want to go out guns blazing.
duffyduff
(3,251 posts)ChisolmTrailDem
(9,463 posts)daleo
(21,317 posts)Insecure people are easier for rich elites to control, manipulate and bully. At least until they finally have nothing left to lose.
JDPriestly
(57,936 posts)Weren't they talking about secession recently. I say, let them go.
malibea
(179 posts)Speak! Let them go away and take any other state that wishes to accompany them- like Texas! Whatever happened to all of that big woofing from Texas anyway? Did they get chicken when they realized that nobody cared if they left anyway, and TEXAS realized that they could not have made it on their own-naked as a jaybird and all alone! And speaking of NOBODY CARED , some people encouraged them to leave.
williesgirl
(4,033 posts)putitinD
(1,551 posts)Response to DonViejo (Original post)
Populist_Prole This message was self-deleted by its author.
Botany
(70,504 posts).... federal deficit is zero dollars and zero cents.
And what is this man's hang up w/ Greece anyway?
jonthebru
(1,034 posts)Clinton turned over a large surplus. Bush "W" spent it, gave the rich lower taxes, was unconscious on Sept 9, 2001, started a war(s) to enrich his friends, gave another tax break to the rich, kept the war(s) spending off the budget while borrowing the money to fund the war(s) using "supplemental" budgets. And gave another tax break during war(s) time...
When President Obama took over even his informed advisers didn't know how bad our countries finances were.
In a sane world men like Graham would be sent home...
https://movetoamend.org/
http://anticorruptionact.org/
There is still time, but frankly not much.
JDPriestly
(57,936 posts)are due to de-industrialization which is, in its turn, due to our promiscuous "free" trade policy.
Dyedinthewoolliberal
(15,575 posts)you can go to hell.............
bucolic_frolic
(43,163 posts)Means-testing is the only possibly acceptable adjustment.
They've lowered estate taxes and given wealthy families
Roth IRA's, Conversions.
Why can't they contribute a little something for a change?
duffyduff
(3,251 posts)Swede Atlanta
(3,596 posts)Raising the debt ceiling has nothing to do with the deficit. The debt ceiling is about financing the debt that ALREADY BEEN APPROVED AND INCURRED by the Executive and Legislative branches. It is about ensuring we don't give the credit markets any reason to question our willingness to repay our debts.
If he wants to have a fight about FUTURE spending and debt, let's have that discussion. I wonder if his IQ is more than 50? Can he wipe his own ass after he defecates? Seriously......
SummerSnow
(12,608 posts)madokie
(51,076 posts)Ugly as they come, I'm not talking about looks either
putitinD
(1,551 posts)judesedit
(4,438 posts)deserve them.
EC
(12,287 posts)because no one pays their taxes...so when he says we'll become like Greece, is he saying that the rich have told him they won't pay their taxes if they are increased, or is he thinking the American public believes Greece became broke because of spending?
Shouldn't L.Graham be arrested for anti American activity and Terrorist threats against America???????????????????????????????????
Rain Mcloud
(812 posts)6 billion every year in oil subsidies(You listening Lindsey?)
450 billion in defense spending
1.3 trillion in tax cuts
450 billion in spending for imported oil
400 dollar a gallon gasoline on the front in Afghanistan
As my late great father was fond of saying:Linday Graham,'You talk like a man with a paper asshole!'
malibea
(179 posts)You're so generous in your blame of the OLD FOLK. You should be so lucky! I suppose you can always go for the alternative.
47of74
(18,470 posts)wordpix
(18,652 posts)Yeah, I thought not
high density
(13,397 posts)propose slashing Medicare and Social Security and this is all thrust upon us as if it's a perfectly valid and sane idea.
It seems the rich have sucked all the juice out of the third rail to power their mansions.
Gormy Cuss
(30,884 posts)compassion and knowledge of how important EARLY Social Security is to people who work in physically demanding jobs.
RKP5637
(67,108 posts)Third Doctor
(1,574 posts)Seniors in a poor state like SC actually voted for this guy? I see this crap here also. If the benefits are cut they will scream bloody murder while still supporting politicians that will do just that. All Graham has to do is tell voters the lie about Obama taking their guns. I guess gun ownership is more important than eating to some people.
AAO
(3,300 posts)lovuian
(19,362 posts)this man is so clueless
kelliekat44
(7,759 posts)Medicare is a fair option. Why should billionaires receive the same benefits as the working poor? Anyone who income...don't care the source of the income...is over $500,000 should pay into Medicare on a graduated scale up to the first million at least.
malibea
(179 posts)I can't say this enough, but Social Security should not be amended in ANY WAY! Social Security has nothing to do with the debt or spending.
The age of eligiblity to receive Social Security should not change-- either. Please see Reply # 31.
Why is it that PEOPLE want to mess with Social Security? Is it because it is solvent and sitting there all alone, not bothering anyone, and yet seems to be vulnerable to the greedy bastards who want to mess with somebody else's money, after they have screwed up all of theirs and their families'? Or is it because people don't want to respect Seniors and want to disregard them? It won't work! Just ask the Gray Panthers! You want to see an upshot in their membership and movement? I don't think so.
Leave Social Security alone- be it the age of eligibility or something else. For those of you who have not reached the age of majority to receive Social Security, put some of your money and funding on the line, i.e., defense, or other charities, but leave ours (SENIORS) alone.
And I won't tire of saying this-and others will join me.
Third Doctor
(1,574 posts)another one that does not need tax payer funded pension or healthcare. If he is willing to raise ages and cut benefits he should be willing to swallow some pain. Then again he is probably rich so it would not matter anyway. The american public is either unaware (ignorant) or too willing to put up with this type of shit.
sendero
(28,552 posts).... just needs to find a way around this "debt ceiling" nonsense, which is of dubious constitutionality to begin with.
Oh, and "in good conscience" Graham, what are you going to do about DEFENSE SPENDING which is TOTALLY RIDICULOUS AND PROVIDING NO VALUE TO THE COUNTRY AT ALL?
bamacrat
(3,867 posts)I mean had a Dem Senator come out and said that during Bushes years they would have been remanded and an attempt to oust from the Senate would ensue... What a dick he is, completely unamerican and a disgrace to our government and our people.
Evasporque
(2,133 posts)Lindsey is glad handing, boot-licking, ass-kissing and accepting "donations".
putitinD
(1,551 posts)Odin2005
(53,521 posts)Beartracks
(12,814 posts)Plunging the U.S. into austerity to, uh, save it from austerity?
What an awesome plan from someone who is not himself dependent on Social Security. Kudos, Sen. Graham!
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