Social Sec going from 4.2 to 6.2

jr37

Well-known member
I myself wouldn't have a problem with paying a little more if it was going to help lower the national debt. The fact that it will continue to increase for the next 4 years has me upset. When the budget is balanced and the debt starts to go down, we will all have to pay, big time. I just hope we as a nation can financially survive the next 4 years. At least the master speaker can't get re-elected again.
 
L

lenny

Guest
I find it funny how people were ok with someone else having to pay it, but now that they see it coming out of their checks too, it's unfair! I will tell you what unfair is, it's the top 2% paying the majority of the taxes in this country. There should be a flat tax and EVERYONE pays in. If you get a pay check, you pay taxes.

I heard where the latest figures available show that if you make less than $40,000 per year, you can do just as well on government programs!

Bingo, that way everybody who gets, gives,,,mark for president
 
D

Deleted member 10829

Guest
jr37,

I agree with you. If our money was being spent right, that's one thing, but when I see how so much of our money is just completely wasted, I have an issue with that.
 

russholio

Well-known member
At least the master speaker can't get re-elected again.

As of now. Have heard (only heard, don't know if there's any validity to it) that there's a movement to repeal the 22nd Amendment.

jr37,

If our money was being spent right, that's one thing, but when I see how so much of our money is just completely wasted, I have an issue with that.

Yep.
 

ezra

Well-known member
well I raised my rates after the election and if I know u voted the way I don't agree with it is 10% on top again.
I know lots and lots of guys who are becoming less and less legit as the yrs roll by.they are checking out of the system cash or barter only.
I my self have been doing allot more bartering than ever before and actually enjoying it.
 

vx700xtc

Member
X2
I find it funny how people were ok with someone else having to pay it, but now that they see it coming out of their checks too, it's unfair! I will tell you what unfair is, it's the top 2% paying the majority of the taxes in this country. There should be a flat tax and EVERYONE pays in. If you get a pay check, you pay taxes.

I heard where the latest figures available show that if you make less than $40,000 per year, you can do just as well on government programs!
 

catalac

Active member
well I raised my rates after the election and if I know u voted the way I don't agree with it is 10% on top again.
I know lots and lots of guys who are becoming less and less legit as the yrs roll by.they are checking out of the system cash or barter only.
I my self have been doing allot more bartering than ever before and actually enjoying it.
Built my whole house that way Ez! Me loves to trade labor!
 

durphee

Well-known member
im not a expert on this but SS will fail due to many other ideas also. One, it has always been a revolving door system, hence money comes in and goes right back out. Two, theres a dependency ratio problem (non working to working). This has come from many different things but the demographics in the US has changed significantly. Third, people living longer. I know theres a lot more reasons but these are deadly for a system like SS. Whatever happens, just save for yourself!
 

michaeladams

New member
I'm with ya there. I just find it funny how obummer says no tax increase for those making less than 250,000. and my tax goes up more than 200 dollars per month and i makeless than 100,000 per year. i wouldn't mind paying more if the current bunch of baboons wern't in charge.( a population of baboons is called a congress of baboons) kinda seems fitting, doesn't it? I hope this tax increase is hitting the 51 percent just as hard.
 

xcr440

Well-known member
I hope this tax increase is hitting the 51 percent just as hard.

That's the problem. Most of the 51% that voted for him, are on his "Obama Plan", and don't work!! So no, it won't hurt them at all. In fact, if he gets his way, they will get MORE.
 

snowhawg

Member
Very interesting thread. Almost everything said here is absolutely true. Based on reading these I again wonder who voted in this last election?!?!? The current direction of our economy is ABSOLUTELY unsustainable. The policies of the previous two administrations, and to a somewhat lesser extent, all administrations for close to 80 years now, have been increasing the size of government and weighing down the economy with taxes and regulations. They have been offering the country socialism in many, many ways and the electorate has been voting for it.

Well, the most powerful economy in the history of the world has pulled the load about as far as it can and it can't pull much further. In many ways, the economy has not really grown in 60 years...when it comes to average income. In 1955, average income was around $4,400. In 2010 it was around $42,000. Wow, an increase of near 900%! Well, in that time frame, inflation was 2200% We can buy far less for the $42,000 than they could back in 1955. I was born in 1949, my dad was a truck driver and my mom never worked. (nothing at all wrong with moms working in the workplace of course if that's their choice) On that truck driver's salary, he bought a house, always had a car, took some driving vacations and put 3 kids through Catholic schools. Try doing that on one income/family today.

Nothing wrong with a cerrtain amount of socialism, but we have gone past the point that the economy (meaning you the working person/taxpayer) can pay for the vast amount of socialism that has been voted for in the last two elections.

Even Russian President Vladimir Putin said that an illiterate American electorate voted for Communism. He asked if they teach history in our schools, stating that every socialist experiment has ended in total collapse. I guess our president thinks that he can do socialism better.

My father grew up in the depression with nothing, his family barely keeping a roof over their heads and food on the table. His experience made him teach his children to work hard, save their money and never to buy anything they couldn't afford. He always said that there will be another depression. Many times over the years, I thought he was wrong. Now, unless something in our political world changes dramatically soon, I am CERTAIN of it.

I found this quote somewhere, "A free market is the only force in human history to uplift the poor, establish the middle class and create lasting prosperity"

Government doesn't do that. I get sick to my stomach thinking about my childrens' futures and also that Americans have sunk to voting for people (not just President Obama, most of our elected federal representatives) that they hope will take care of them rather than cutting their own way in the world.

I guess I'll just have to keep praying that we wake up in future elections.
 

indy_500

Well-known member
I don't want to open a can of worms but I have 1 question, is this increase happening to everybody because my checks are the same...?
 

frosty

Member
Indy, much how do you make? How many hours do you work? If your part time, another words, you work under 20 hours a week, someone correct me if the hours are more or less for part time, but you don't pay the same as a full time. You might be still considered a student, which pays really nothing in taxes. Sometimes, students get exemptions on paying taxes at all.

Its been a while since I had to deal with part timers/students, so if I'm wrong please some one correct me.
 
D

Deleted member 10829

Guest
A little bit off topic, but look at the attached to put things in perspective.


Fiscal cliff.jpg
 

indy_500

Well-known member
Indy, much how do you make? How many hours do you work? If your part time, another words, you work under 20 hours a week, someone correct me if the hours are more or less for part time, but you don't pay the same as a full time. You might be still considered a student, which pays really nothing in taxes. Sometimes, students get exemptions on paying taxes at all.

Its been a while since I had to deal with part timers/students, so if I'm wrong please some one correct me.

My hours vary due but i work anywhere from 15-30 hours/week @ $8.50 an hr. I am a student in high school so I'm not sure how it works but my last check $81.43 of it was taxes which is rather dissapointing LOL
 

ezra

Well-known member
I meant he is not making enough to be affected and in fact is prob getting back more thane he puts in. if not him his parents most deff get his credit. not saying you are the 51% in a bad way just are not making the money to get hit but at least U are trying to make money. that is more than u can say for a ever growing segment of this sadly declining society.
if the society we have today were to jump back in time 200 yrs how many do u think would have jumped in that wagon and headed west against all odds to make a better life for there future family's.and of that few % how many would have kept going in to the Rockies then the sierra's my guess prob only 2% or less.
after that 2% risked it all realized there dream what % of the population would feel entitled to a piece of there dream
 
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