Exclusive: Obama may cut Social Security, Sen. Sanders tells Raw

Nothing would surprise me at this point, as this man's capitulation and complete cooperation with special interests has proven beyond the shadow of a doubt who his loyalties lie to.

But if he commits this act of ultimate betrayal, not only is he going to be a one-term wonder (which I doubt he cares about), but this could likely wind up being the proverbial straw which breaks the camels back and sends the masses into the streets.

We have PAYED INTO this with our tax-dollars our entire lives. THIS IS NOT A "HAND OUT", as many of these 'officials' and media shills keep trying to spin it!

These folks can only rob us all so many times, and take so much, before the people have no other choice but to rise up.

Hopefully it won't come to that, and sanity will prevail here. But like I said, nothing surprises me anymore with our 2 party crime family and their Bankster / Mega-corp / M.I.C. masters.

Sanders cited as one cause for concern the president’s decision to appoint two longtime "foes" of Social Security, Alan Simpson and Erskine Bowles, to co-chair his deficit commission, which proposed trimming the program's payouts by increasing the retirement age. Obama "could have said that’s not on the table," Sanders said. "He didn’t say that."

But much more disconcerting, the senator added, was the tax deal the president struck with Senate Republicans last month, which included a one-year cut in the payroll tax – the source of Social Security's funding – from 6.2 to 4.2 percent. Obama previously argued the compromise was necessary to prevent a tax hike on middle class Americans.

Full Story:

www.rawstory.com...

I believe "t.v." to decimate the thinking mind. Hence I feel most will be aquiencing to such things and not caring. To me it's sad but true. It is what it is. Will be their answer. I hate tv.

Originally posted by DimensionalDetective
These folks can only rob us all so many times, and take so much, before the people have no other choice but to rise up.

Hopefully it won't come to that, and sanity will prevail here. But like I said, nothing surprises me anymore with our 2 party crime family and their Bankster / Mega-corp / M.I.C. masters.

I think the US will go bankrup first or the dollar plummet especially since china is starting to make the yuan convertible. It'll probably be triggered by the debt ceiling vote, just like September 2008 Lehman vote.

reply to post by DimensionalDetective


The Socialist Security trust is bankrupt and operated in the exactly the same manner as Madoff's ponzi scheme.

Of course Socialist Security has to be eliminated.

This is not something that can be avoided.

It is something that is necessary.

DD I usually find myself in agreement with you. However this time I find myself at a tangent. This government we have has spent us all into the poor house and things are going to have to be cut. I am retired and on Social Security,a cut in payments will hurt,but I will have to accept it. I believe that there are many programs in the government that need to be eliminated entirely first.Such as foreign aid and federal land grabs.
We paid into Social Security so I do not consider it an entitlement,and should not be cut as deeply as welfare,medicaid and food stamp programs,but there will have to be cuts.

reply to post by mnemeth1


Great, then because every taxpayer PAID into it, then they should get a full refund back for THEIR money invested into it. Again, this is NOT A HANDOUT. People have paid their entire lives into this.

Cut our ridiculous wars and invasions spending back before gutting a domestic program which people have paid so much into with their hard-earned tax dollars.

Originally posted by DimensionalDetective
reply to post by mnemeth1

 

Great, then because every taxpayer PAID into it, then they should get a full refund back for THEIR money invested into it. Again, this is NOT A HANDOUT. People have paid their entire lives into this.

Cut our ridiculous wars and invasions spending back before gutting a domestic program which people have paid so much into with their hard-earned tax dollars.

Perhaps I'm not making it clear enough for you.

There is not enough money in the trust to close out all the accounts.

Period.

The money was stolen and spent on items the elected politicians felt more important than retirement benefits.

You can not hand out money that no longer exists.

Therefore, the only sensible thing to do is to declare the trust bankrupt and refund the remainder to those who paid in the most. This is what happens when trusts go bankrupt. It doesn't matter if it is a private trust or a government trust.

This is like demanding a bank robber return all the money he stole - AFTER he spent it all. It is impossible for him to do.

reply to post by mnemeth1


Your 'clearness' does not erase the fact that people are still OWED what they have paid out-period.

When we have a system that can 'borrow' trillions each year to keep war industry and Bankster cartels coffers inflated, then they damn sure better figure out a way to re-fund THIS system, otherwise they are looking at an outright mayhem taking place.

This will put an untold amount of folks onto the streets, and it AIN'T their fault.

I am not disagreeing with you on the funding, but I am not going to passively just say "shut it down, and to hell with all those who have spent their entire lives paying into it, oh well, they lose."

If they can continuing propping up these OTHER disgusting enterprises, then they darn sure can re-allocate funds into the one which folks have paid into.

reply to post by DimensionalDetective


Ok.

We can move all the money in the medicare trust into the social security trust and then close the medicare trust.

How's that strike you?

40% of the money government currently uses to fund its operations comes from the printing press (debt which is now being "monetized")

There are only two possible outcomes of this system.

One: the dollar implodes and the government pays back all of its debts, including socialist security, with worthless paper

Two: the government cuts over 40% of its spending, including socialist security and medicare, immediately and attempts to shore up the dollar with massively higher interest rates.

Those are the options.

There are no others.

Originally posted by DimensionalDetective
I am not disagreeing with you on the funding, but I am not going to passively just say "shut it down, and to hell with all those who have spent their entire lives paying into it, oh well, they lose."

If they can continuing propping up these OTHER disgusting enterprises, then they darn sure can re-allocate funds into the one which folks have paid into.

It's a very commendable attitude, DD. But I'm not sure what you have in mind though, what's the plan?

reply to post by mnemeth1


Umm, no---Try number 3:

Stop investing TRILLIONS into warring overseas and foreign policies of imperialism, and bring THAT money back home.

Problem solved.

But of course as we can see, no, that would be out of the question. Let's gut our domestic social programs first, and keep funneling the tax-dollars OUT of the country.

Sigh.

Originally posted by mnemeth1

Originally posted by DimensionalDetective
reply to post by mnemeth1

 

Great, then because every taxpayer PAID into it, then they should get a full refund back for THEIR money invested into it. Again, this is NOT A HANDOUT. People have paid their entire lives into this.

Cut our ridiculous wars and invasions spending back before gutting a domestic program which people have paid so much into with their hard-earned tax dollars.

Perhaps I'm not making it clear enough for you.

There is not enough money in the trust to close out all the accounts.

Period.

The money was stolen and spent on items the elected politicians felt more important than retirement benefits.

You can not hand out money that no longer exists.

Sure you can( it's called "deficit spending" they do it all the time).
... tell that to the"fed".
Thats all the fed does it creates money on the good faith of the country's promise to pay back the debt.

cut foreign "aid" for "u.s. aid"

close a base or two.

Originally posted by mnemeth1

Therefore, the only sensible thing to do is to declare the trust bankrupt and refund the remainder to those who paid in the most. This is what happens when trusts go bankrupt. It doesn't matter if it is a private trust or a government trust.

This is like demanding a bank robber return all the money he stole - AFTER he spent it all. It is impossible for him to do.

edit on 18-1-2011 by mnemeth1 because: (no reason given)

Originally posted by DimensionalDetective
reply to post by mnemeth1

 

Great, then because every taxpayer PAID into it, then they should get a full refund back for THEIR money invested into it. Again, this is NOT A HANDOUT. People have paid their entire lives into this.

Cut our ridiculous wars and invasions spending back before gutting a domestic program which people have paid so much into with their hard-earned tax dollars.

I agree completely. Cut a check for every person on Social Security that is receiving
monthly coffee money. Add it all up. It is on record. Pay it in full to each individual.
A monthly slap in the face is not the way to do it. Pay it in full and be done. Each person
could do what they want with it. Spend it all or get on a budget with it. They expect us
to live on a measely handout each month. Why aren't the politicians getting the same
retirement system as the rest of us? Why are they any better than the people they
work for?

My opinion. My opinion only.

Social security was going to go regardless of who sits in the big chair. The fact that it happened on Obama's watch is probably the biggest "gotcha" that Bush could give.
What is social security? A tiny check that the goverment gives you as a reward for living long enough to cash in on the money they took from you. Basically, they are telling you (by the amount of the check) where to live, how to live, what to buy, what to eat.

I never planned on it. I've been investing, planing, hoarding for this very eventuality.

But then again, I don't trust the government.

reply to post by 46ACE


Military spending accounts for less than 5% of the GDP.

Total State spending amounts to nearly 40% of the GDP.

The cuts required entail far more than closing a few military bases.

Socialist security and medicare have to go bye bye if the dollar is to retain any of its value.

I personally think it is too late for that.

America will devolve into a post apocalyptic police state as the dollar implodes and the government rodents jump ship to Dubai where there is no extradition treaty.

As I said, the government MUST cut over 40% of its spending immediately just to stop the hemorrhaging.

I would like to state this! Is everyone here not aware this is not normal politics?? This is about killing us and bringing us down to a level of transient living these sick b@@@@@@@@@ do not care it is not about deficits and the economy this is being done deliberately and until everyone realizes that and decides to do what will be necessary including impeaching odama we are f@@@!!!!!

Originally posted by condition9
I would like to state this! Is everyone here not aware this is not normal politics?? This is about killing us and bringing us down to a level of transient living these sick b@@@@@@@@@ do not care it is not about deficits and the economy this is being done deliberately and until everyone realizes that and decides to do what will be necessary including impeaching odama we are f@@@!!!!!

For this one time, I have to agree with the crowd that says that obama/bush or left/right is no different. This was coming for a long time. I prepared for it. So I'm not shocked, hurt, ill-equipt, to handle it.
You still have time to prepare. Work hard, if you already are, then work harder. Buy gold, silver, food storage, ammo, get some property.

My wife, my children will not be the ones suffering. You can come over if you want. We'll have plenty to share.

Originally posted by mnemeth1
reply to post by 46ACE

 

Military spending accounts for less than 5% of the GDP.

Total State spending amounts to nearly 40% of the GDP.

The cuts required entail far more than closing a few military bases.

Socialist security and medicare have to go bye bye if the dollar is to retain any of its value.

I personally think it is too late for that.

America will devolve into a post apocalyptic police state as the dollar implodes and the government rodents jump ship to Dubai where there is no extradition treaty.

As I said, the government MUST cut over 40% of its spending immediately just to stop the hemorrhaging.

edit on 18-1-2011 by mnemeth1 because: (no reason given)

Then Barky and Michelle must stop their hollidaying and taking all their friends with them right ? Is that what your'e saying ? That's just not fair ! I mean they do sooooo much for everyone ! People should just work harder and be greatfull we have these parasites .

Originally posted by mnemeth1
>snip<

This is like demanding a bank robber return all the money he stole - AFTER he spent it all. It is impossible for him to do.

That does happen... maybe not often to bank robbers but people convicted of embezzlement, fraud, etc. are frequently charged with repaying stolen money.

Here's a realistic scenario that we might see:

Government turns medicare and socialist security into means tested welfare programs, which means you can't be rich and collect on them.

Government raises the retirement age to 72 before socialist ponzi benefits can be collected.

Government ends its overseas military escapades.

Government frees up restrictions on medical care and insurance providers, which are largely responsible for healthcare costs.

Government imposes tort reform, limiting doctors liability.

------

Those things might stave off a total implosion for another decade, but ultimately the theft of the working class is going to have to come to an end.

Payroll taxes have to go away and the bankrupt programs they are funding need to be dismantled.

As I said, I don't see any of those reforms taking place. Government will chose to destroy itself by destroying the currency before it does anything reasonable and rational.