In response to:

Now It's Time for the Entitlement Cliff

Dan883 Wrote: Jan 01, 2013 12:03 PM
The pyramid scheme known as Social Security will soon collapse. The problem is that our elected officials have become part of the con. As with every con, the mark loses. We, the people are the mark. PTVoice at
Doug4749 Wrote: Jan 01, 2013 3:37 PM
We ARE the 'mark', so to speak, but not by choice. Since Social Security is not voluntary, we, and our employers, are required to make contributions. How much more solvent (if that's possible, let's say, less-insolvent) would SS be if the entities (teachers, govt-workers-city, county, state, and federal) that have opted-out of the program hadn't been given that option? WHY were they given that option? Why was Congress allowed to 'borrow' the money (interest-free with no intention of repaying) in the first place? The problem isn't being addressed. Congress should be required (who would do that, the Justice Department? Not on zero's watch) to 'pay back' the money it has borrowed and tighten up entitlements.
bushrat49 Wrote: Jan 01, 2013 1:18 PM
I am sick and tired of people trying to put the blame on people like me for the problems of this country. I have never owned slaves, massacred indians, and now if I collect Social Security it's my fault we have a debt problem? S.S. is NOT an entitlement program. I was forced to contribute under threat of incarceration for the last 46 years. The Federal government OWES Me! And I intend to collect every penny I can back from them. (Takes a deep breath, I'm ok now)
niki069a Wrote: Jan 01, 2013 2:00 PM
I agree S.S was a retirement fund that we paid into to be there for us when we retired. Thanks to the bums in Washington that start borrowing from our fund that its going south. They are the first class criminals not us and they are the cause of all these budget crisis we now face. We should assess their income to make up for the money they took (stole) away from us, anyone else would be in jail for a long time. Us retirees have to manage with whatever little we get, yet the down trodden as the saying goes get all the benefits and entitlements. Why are we forced to pay taxes on our measly pensions? Thanks to the Commander in-briefs Clinton who put a tax on S.S if anyone s income is over 25k, I'd like to see those buffoons live on that!
man of steel Wrote: Jan 01, 2013 5:33 PM
Additionally, our employers matched our contributions. That is money that we earned (because it was a cost of our employment) that was sent to the government. Most people today forget that part of the equation.

As the clock winds down on 2012, the Fiscal Cliff is all anyone seems capable of discussing. Right now it appears that some sort of narrow deal has just emerged that will include raising tax rates on family income over $450,000 a year, increasing the estate tax rate, extending unemployment benefits for one year, and delaying spending cuts.

But the prospect of higher taxes and the great uncertainty that has surrounded this fiscal fiasco has been acting like sand in the gears of the complex but sputtering U.S. economy. If additional taxes are not matched by real cuts in government...