BigBearJohn
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:10 AM
Original message |
How bad does the economy have to get before they start withholding social security payments? |
|
Is it possible or is this just a ridiculous question?
|
Idealism
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:12 AM
Response to Original message |
1. I heard the state of California was issuing "IOU's" instead of some type of welfare |
sandnsea
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:17 AM
Response to Reply #1 |
3. IOU's instead of tax refunds |
|
I can't even imagine what's going to happen when people figure this out.
But don't send states any stimulus money for social services, nah, who needs it. :sarcasm:
|
Idealism
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:18 AM
Response to Reply #3 |
4. Florida isn't far behind, too |
|
Thankfully, I have been a-evadin' mofo since '93! :sarcasm:
|
ThomWV
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:00 AM
Response to Reply #1 |
16. Social Security is not Welfare |
.... callchet ....
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:33 AM
Response to Reply #16 |
|
Edited on Tue Feb-03-09 08:34 AM by .... callchet ....
It's not welfare if it's yours.
|
MiniMe
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 09:22 AM
Response to Reply #21 |
22. It is something that we have paid for our entire working lives |
|
Don't tell me, you are in your 20's or younger. Social Security is not an entitlement program, and it is not welfare. It is an insurance program. It is to make sure that when you hit retirement age you have some money to be able to have food and shelter. Everybody gets social security when they reach retirement age. Companies used to offer employee paid pensions. They don't anymore, or very few of them do.
|
elocs
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:14 AM
Response to Original message |
2. If they were to start withholding SS payments, then everything is over. |
|
If we cannot keep our word to our own citizens and pay them what is owed backed by the special Treasury bonds, then what country would ever loan us money because why would we ever keep our word to them either.
|
SharonAnn
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:21 AM
Response to Reply #2 |
5. And, those in power would get voted out at the next opportunity if there |
|
wasn't a revolution before then.
The thing is, that if Social Security were to be stopped it would not just hurt the retired and the desabled. it would seriously hurt the hcildren and other family members of the affected people who now have to support their parents or disabled relative.
Neither the ones who've had their payments stopped nor those who now have to step in and help would like it.
|
ThomWV
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:01 AM
Response to Reply #5 |
17. If it got that bad I don't think voting would be the way they would leave office |
elleng
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 01:43 AM
Response to Original message |
billyoc
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 02:02 AM
Response to Original message |
7. Anything's possible. Get one of these for your hat just in case: |
corruptmewithpower
(411 posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 02:42 AM
Response to Original message |
8. We who rely on those payments won't just lay down and die. |
|
Well have to buy some really cheap saturday night specials, hunt down the responsible culprits and use some logic to convince them the need to not withhold our payments.
|
Bigmack
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 03:03 AM
Response to Original message |
9. One of the functions of SS... |
|
is to provide an "economic stimulus" every single month.
Old farts get a check and spend it all... mostly on necessities. Keeps the economy moving. Doesn't cost much, since the program mostly pays for itself. Cheap to administer, too.
The govt isn't going to dump it.
FDR more or less cribbed SS from the Townsend Plan. Dr. Townsend wanted a $200 payment to each senior every month.
|
demodonkey
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 03:20 AM
Response to Reply #9 |
11. Mostly true, except for the "old farts" part. The recipients are PEOPLE, not "farts". |
|
My mother and now-deceased handicapped brother depend(ed) on social security, as did a lot of my other beloved family members, so I really resent your choice of words.
Hopefully one day we will all be of an age to receive these payments. Hopefully NOT receiving them sooner (like my brother, who died in his 40s) due to disability.
|
Hannah Bell
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 04:45 AM
Response to Reply #9 |
13. *completely* pays for itself. plus about 8% of the general budget. |
|
They should give working people a refund on 1% of their FICA as stimulus, & let the top 1% pay that 8% out of income tax.
|
Hannah Bell
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 03:06 AM
Response to Original message |
10. currently incoming SS taxes more than cover outgoes - by about 187 billion. |
|
More's being collected than spent on SS.
If they stopped paying the checks, i for one would march on the statehouse with a pitchfork & rope.
|
BigBearJohn
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 04:15 AM
Response to Reply #10 |
.... callchet ....
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:33 AM
Response to Reply #10 |
20. Social Securities income is from " working people". |
MiniMe
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 09:25 AM
Response to Reply #20 |
23. And the people who are collecting it now have paid into it for years |
|
as working people. Most of them have paid into it their entire working lives.
|
Vinca
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 07:59 AM
Response to Original message |
14. Remember the riots of the 1960's? |
|
Those people are now starting to collect social security and I'm betting there would be hell to pay if they stopped the checks.
|
Mari333
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:02 AM
Response to Reply #14 |
Mari333
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:00 AM
Response to Original message |
15. man they better not f8ck with me in 2 yrs |
|
I get widows benefits. if I dont get them I am on the street.
|
Why Syzygy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 08:22 AM
Response to Original message |
|
maybe the insurance companies who over charged you for prescriptions will refund the charges.
:sarcasm:
|
Xenotime
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Feb-03-09 09:39 AM
Response to Original message |
24. Obama would never let it happen. |
DU
AdBot (1000+ posts) |
Fri May 10th 2024, 11:11 AM
Response to Original message |