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I then said, "fixing a roof like this, is the same as allowing young people to opt out of SS. When young peope opt out of SS, there is less money to pay retirees (fewer beams) When young people retire with their private accounts they will not be a burden to society some 40 YEARS FROM NOW." The Tea Party guy nodded his head. I figured some Republicans are not so bad.
Talked to a Tea Party guy about privatizing social security for young people just last week. He said he was 100% for it. I asked him, "If young people opt out of social security, then where will the money to pay retirees and future retirees come from?" He said, "Huh?" I told him, "It's like someone needing their roof shored up because a heavy snow was expected. Someone comes over and the first thing that person does it TAKE OUT BEAMS. And the beams will not be returned for 40 years."
In response to:

Payroll Tax Cut Charade

ReallllyDude Wrote: Dec 29, 2011 4:07 AM
I then said, "fixing a roof like this, is the same as allowing young people to opt out of SS. When young peope opt out of SS, there is less money to pay retirees (fewer beams) When young people retire with their private accounts they will not be a burden to society some 40 YEARS FROM NOW." The Tea Party guy nodded his head. I figured some Republicans are not so bad.
In response to:

Payroll Tax Cut Charade

ReallllyDude Wrote: Dec 29, 2011 4:09 AM
Talked to a Tea Party guy about privatizing social security for young people just last week. He said he was 100% for it. I asked him, "If young people opt out of social security, then where will the money to pay retirees and future retirees come from?" He said, "Huh?" I told him, "It's like someone needing their roof shored up because a heavy snow was expected. Someone comes over and the first thing that person does it TAKE OUT BEAMS. And the beams will not be returned for 40 years."
In response to:

Gullible Americans

ReallllyDude Wrote: Dec 29, 2011 3:44 AM
If young people are not paying into the social security system, then there is less money in the social security system for people who are retired or nearing retirement. The benefits of allowing young people to contribute to their own private social security accounts does not come to fruition until those young people retire and are not a burden to the government (40 years from now) In the meantime, there is less money to pay retirees. Allowing young people to opt out of social security aggravates the shortfall until all baby boomer are dead. In the meantime, since fewer people are paying into social security it makes the social security system WORSE. (less money for the retirees)
A 'realistic' way to put this opt-out proposal to the voters would be something like this; 1.) If we do nothing to fix social security, retirees will have a 20% cut in benefits. 2.) And if we allow some young people to opt-out of social security, then retirees will have a 30% cut in benefits for the next 40 years. Now go to a retirement community near you and pose this above scenario and see how many seniors are 'in favor' of allowing young people to opt out of social security.
Republicans often say, "At least Bush attempted to reform Social Security." Can any Republican here explain to me how allowing young people to opt-out of social security into their own private plan helps relieve the coming entitlement crisis? Allowing young people to opt-out means that there is less money to pay people who are retired or are nearing retirement. This opt-out change doesn't help to relieve the social security spending burden until the young people who have paid into it, retire, like 40 years from now. For those collecting social security checks the next 40 years, there is less money in the pay-out pool.
In response to:

Government Charity Isn't Charity

ReallllyDude Wrote: Dec 29, 2011 3:28 AM
A 'realistic' way to put this opt-out proposal to the voters would be something like this; 1.) If we do nothing to fix social security, retirees will have a 20% cut in benefits. 2.) And if we allow some young people to opt-out of social security, then retirees will have a 30% cut in benefits for the next 40 years. Now go to a retirement community near you and pose this above scenario and see how many seniors are 'in favor' of allowing young people to opt out of social security.
A Republican Party plank says 'young people can opt out of social security and have their own private account.' The other half of the sales pitch says 'and anyone retired or nearing retirement will not miss one single penny that is owed them and ....no one will see their taxes go up either.' Allowing young people to opt out of social security means there is less money to pay retired people. Young people with private accounts will not be retiring for 40 years. In that ENTIRE meantime, the shortfall of money needed to pay seniors benefits is even MORE. Allowing young people to opt out exacerbates the looming social security shortfall. It doesn't alleviate squat! It's just another feel-good Republican measure.
A Republican Party plank says 'young people can opt out of social security and have their own private account.' The other half of the sales pitch says 'and anyone retired or nearing retirement will not miss one single penny that is owed them and ....no one will see their taxes go up either.' Allowing young people to opt out of social security means there is less money to pay retired people. Young people with private accounts will not be retiring for 40 years. In that ENTIRE meantime, the shortfall of money needed to pay seniors benefits is even MORE. Allowing young people to opt out exacerbates the looming social security shortfall. It doesn't alleviate squat! It's just another feel-good Republican measure.
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