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Fox/Bloomberg: Rand Paul discusses Social Security "Fix" Plan 4/13/11

Rand Paul on Fox and Bloomberg News discussing Social Security Plan 4/13/2011

http://www.youtube.com/wa...

http://www.youtube.com/wa...




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Lindsey Sniffing Around . . sniff. . sniff

Principles mean NOTHING to Lindsey. Tomorrow he will stand with McCain and spit all over Rand, Ron, and Liberty. It's who he is. "I'm a winner, pal. I will not turn MY Party over to Ron Paul."

emalvini's picture

Lindsey Graham must be in real trouble politically or he

wouldn't be seen kissing up to the Tea Party party favorites. I guess he figures if he is seen supporting he can trick the voters into reelecting him for another six years...

Am I thinking wrong here?

remember.. Lindsey is a

remember.. Lindsey is a winner!

Sounds like "raising the debt ceiling"...

HOW MANY PEOPLE WILL EVEN BE ALIVE AT AGE 70???

What happened to all the surplus $ going INTO Social Security from the "Baby Boomers" when they were paying into it?

I guess it was just an impossible thing to have happen that $ be taken out of the Militarism Budget along with that surplus $ and keep it solvent when they had the opportunity?

FK these criminals and their parasitic theiving lives!!!

HOWEVER, with that said...
...and knowing Rand is doing his best working with what he has...this DOES seem like the best way to phase out this entire thing over time, given the facts of it's entire history and creation.

Were still getting screwed here, but long term, I'm willing to support this IF one day it just goes away...forever.

RON2012PAUL...The r3VOLution continues...
"I always win"
http://youtu.be/Xtl2ZuJpG9M
+GOLD and SILVER are money+

Social Security ISN'T a

Social Security ISN'T a retirement plan. It is a "security" plan.

Yes...The Government "securing" more $ from peoples pockets...

*sarcasm ALERT*

RON2012PAUL...The r3VOLution continues...
"I always win"
http://youtu.be/Xtl2ZuJpG9M
+GOLD and SILVER are money+

It's good to know that, as a

It's good to know that, as a young person, I have to pay into a system that will never benefit me. How about we let the young opt out?

"The economy's not a class you can master in college. To think otherwise is the pretense of knowledge."

it won't happen in our youth.

it won't happen in our youth. Maybe our kids youth phase it will.

Even easier, let's spread the truth - no one is required to

opt in.

(And of course create a formal mechanism to opt out if you are already in and were under the mistaken belief that "everyone is required to obtain a SSN)

I agree. I'm just sad that

I agree. I'm just sad that Rand didn't mention ending the program. I wish he would introduce his fathers plan to end Social Security while taking care of the elderly.

"The economy's not a class you can master in college. To think otherwise is the pretense of knowledge."

Lindsey Graham, really? WTF!

Lindsey Graham, really? WTF!

tasmlab's picture

I swallowed my tongue

When I saw him standing with Rand. Graham is the anti-Paul.

Currently consuming: Harry Browne, Free Domain Radio; JT Gatto and Holt; Wii U

deacon's picture

legally

you cannot fix your neighbors fence
he doesnt own it and neither do you
much the same way social sec cannot be fixed by us
it is not ours nor our neighbors,we are mere wards
everything we think we own or control is owned by another

setting your expectations to high,can cause depressiuon

My fences sit on my property. I own them.

What was your point again?

deacon's picture

my point

no one owns anything for which pay taxes on, that is rent,as another owns it
and like S.S. we,(the fed gov0
have no control or say over that
that fund is in the hands of the IMF
and is not under the jurisdiction of the bankrupt USA

setting your expectations to high,can cause depressiuon

You know

at 25 I find it eerie that they say right now for ever person that takes social security there is 3 people paying in, but in the future it will only be two. I find it eerie because I thought it was the parents that was supposed to save for the child, not the child that supports the parents (and I understand that accidents happen and you should support the infirm and widows). Its eerie because it makes it sound like our parents and grandparents are the babies. Its also eerie because if they had more kids there would be more people to share this burden, so my generation is really going to feel all the abortions there generation had, so because of social security my generation is really going to feel the brunt of their bad decisions. eerie. The people I should respect will be easy to despise. I wonder when they are going to push euthanizeing, our loved ones over this? like I said eerie.

Fix it? How about ABOLISH IT?

You can't "fix" theft except to stop doing it and punish the guilty.

I can't agree with Rand on this UNLESS...

We give everyone the OPTIONS I list below so that his proposals would be accepted on a VOLUNTARY BASIS.

Here's why:

First:
Raising the age of eligibility just attempts to steal from that many more poor fools who drop dead before collecting a dime. How is THIS a Libertarian idea?

Second:
Means-testing would limit the amount someone receives because they may be more well-off at retirement. But they had PLAYED BY THE RULES all their life and and now will be PUNISHED for being "too successful." How is THIS a Libertarian idea?

Social Security should be phased out as follows...

1. Anyone of ANY age can request a refund of EVERY
PENNY they have paid into Social Security
(probably without any interest). If you are
already collecting, the money you have received
is deducted from the amount of your refund
(assuming you have not bypassed that amount).
Anyone choosing this option would be OUT of the
system for good.

2. Anyone age 45 or over (at the time the new law
takes effect) may keep exactly what they were
promised as exists today.

3. Anyone under the age 45 MUST take a refund and
are out of the program.

4. Obviously those opting-out would cease having
social security payroll deductions while those
above age 45 who choose to remain on the program
would continue with deductions as today.

A KEY POINT OF MY IDEA IS:
The money to refund those opting out could come from such things as:

Ending all foreign aid.

Ending all four wars in the Middle East.

Cutting the military budget.

Ending numerous costly, bloated government programs and agencies.

Doing away with immoral tax laws like the Earned
Income Tax Credit which pays government money to
people who didn't even pay ANY income tax that
year.

Finally, by adopting the two ideas by Rand Paul (raising the age of retirement and means-testing).

Again, these dramatic measures would be agreed to on a voluntary basis - not forced on people who don't agree with this plan.

The Social Security program would likely end by itself after a few generations which in turn would end the huge administrative costs needed to run the program.

And this plan would hurt no one.

People would have that much more money to invest and save for their own retirements, while those dependent on the system as it is today could remain as they are.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Rand's plan is just the typical "centrist" approach

I agree with you. I honestly think that the only valid reason for highlighting these videos on dailypaul should be to point out how Rand's approach is decidedly un-libertarian (and plain wrong). But the author of this blog entry didn't provide any personal commentary on it.

So Rand's approach is to raise the age by which you can draw from it to 70, and also means-test it (i.e., "wealthier" individuals who likely paid the most into it and who have planned ahead and are funding a 401k or other retirement plan will get nothing back, but will continue to pay the most into it). Super. So, in a nutshell, it becomes even more of a wealth redistribution scheme. And that's a good/libertarian approach, how?

All that being said, any suggestions that we eliminate SS altogether are as realistic as Ron Paul becoming president. The powers that be would never let RP win, and they'll never do away with deducting SS from your check unless it was part of some grander tax rate overhaul (e.g., a flat tax). Right now, the SS and Medicare deductions are nothing more than a part of your overall Federal income tax withholding, but they split them out as separate line-items so that the sheeple won't see just how badly they're being stolen from. All of that money taken (fed tax, SS, Medicare) gets used up by the government however it sees fit.

I'd love to opt out and get my money back, but they'll never do that. I'm about to turn 40, and I might even be willing to opt out and get nothing back, but they'll never allow that either (and it would still be immoral to have lost all of the money I previously paid into it). So I'm more of the mentality that I'd like to see it "fixed" by way of them keeping their original promises. If I'm forced to continue to pay into it, I want to start getting checks at the current retirement age with no means testing. Afraid there won't be enough money to go around? Too bad. Get it from somewhere else (e.g., cutting "defense" spending and other government programs). They're willing to run up huge deficits for any number of things, so just add this to the list. Why is it OK for them to run up huge deficits due to other government programs, but we're told that once the SS bank account has run dry, the checks will stop flowing? We have huge deficits now, but the politicians and federal workers are still getting their paychecks.

Scott R - You nailed it with your statement (I quoted you below)

You said...

"Right now, the SS and Medicare deductions are nothing more than a part of your overall Federal income tax withholding, but they split them out as separate line-items so that the sheeple won't see just how badly they're being stolen from. All of that money taken (fed tax, SS, Medicare) gets used up by the government however it sees fit."

That's absolutely correct.

So when you add up all these deductions from your paycheck you will notice that you work 1 day a week for FREE.

Since there's no guarantee you'll wake up tomorrow, you can't say the Social Security and Medicare witholding will ever come back to you.

It's criminal what the Congress has done over the years and we are now wage slaves 20 PERCENT OF THE TIME.

I wrote to the SS Administration asking for my money back ($80,000) without interest and I would be out of the system.

They wrote back saying that was not allowed.

Not that I expected any different.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

.

.

Gross...

Seeing Rand stand next to Lindsey Graham is like seeing your 11 year old daughter standing next to a pedophile.

adampeart you sure got that right.

I can hardly stand the sight of the war-mongering Graham.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Graham knows his days are

Graham knows his days are numbered so he is attempting to ride Paul and Lee's coat tails to get support from the Tea Party.

Good for Rand! His dad said to form coalitions across the aisle on issues of consensus. Rand has set aside his differences to stand with a liberal on an issue they agree on. ;)

That was my very first

That was my very first thought. At least there is one guy between those 2. Heck I would prefer Obama over Graham.

Or a TSA agent molesting a 6 year old little girl in public.

Though I believe Mr. Graham supports that sort of disgusting behavior.

deacon's picture

social security

yeah let them sheep work till they drop!
that way they will not get what paid into
social sec is not broken,nor broke like he
and every other has suggested,this is yet another way to steal more money that never gets paid back
the fed gov isn't even in control of that
it falls under the IMF,from what i have read
why doesnt he say let it run dry,pay the ones who are on it now and never fund it again?
why doesn;t he say that we have no real money,its all debits and credits somewhere,so it cannot be stolen or
borrowed?

setting your expectations to high,can cause depressiuon

SteveMT's picture

Big Bump, instrument.

Great find.
See on the front page.

great job Steve

I know I can always count on you.
Thank you.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

SteveMT's picture

I made this a combo thread, instrument.

In this way, there is a nice flow of non-duplicated info.....from you!!!