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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (98548)	2/3/2005 10:40:32 PM
From: zeta1961	Read Replies (2) \| Respond to of 793690

US Reps and Senators need to "come clean" with the American people, and discuss just what kind of arrangements THEY have for themselves (that the taxpayers pay), and also to tell us exactly what groups in the country have been exempted from paying into the Social Security System.... Right on Karen..I didn't know until last night when Bush dropped that one.. The news showed Barbara Boxer in the midst of a crowd and saying with an ominous tone: "Only Wall Street will benefit from the President's SS plan."...so hypocritical!..like she's shunned IRA and other retirement plans(which I don't know)from being managed by Wall Street!..the repub's couldn't have dreamed of better recruiters for their camp! Zeta

To: KLP who wrote (98548)	2/4/2005 9:44:29 PM
From: Shawn Donahue	Read Replies (1) \| Respond to of 793690

Dear KLP, The US Reps and Senators need to "come clean" with the American people, and discuss just what kind of arrangements THEY have for themselves (that the taxpayers pay), and also to tell us exactly what groups in the country have been exempted from paying into the Social Security System.... We also need state Governors to 'come clean' with the American people! Please look at the article that I posted back in 1999 on the tax board here on SI, concerning how 8 state Governors warned the then President not to mess with their special treatment of not having to pay Social Security taxes...You can see who was president at the time and that he did nothing to fix Social Security, nor to affect the status quo and make it fair and equitable for all American taxpayers! I hope that everyone makes the time to read this, so that their eyes are opened to the fact that some our elected officials count on the American public being too lazy to do the research, until it is too late. Regards, Shawn Message 8232808 Colin, I just read this week that 8 State Governors are warning Bill Clinton and the White House not to mess with the special CHOICE of being exempt from paying Social Security taxes that over 5 Million State workers (and growing) currently have.... We keep hearing that investing Social Security money in Stocks would be a big mistake...but where do you think the over 5 MILLION State Government workers who are exempt from having Social Security taxes deducted from their paycheck, and instead put 8% of their money in a Public Employees Retirement Account (PERA) matched with 8% from us generous taxpayers (who already pay these government workers entire salary) invest their money?! It goes into stocks, bonds, real estate etc.. and they average over 3 times the return of Social Security and the money is never borrowed and replaced with IOU's like Social Security is, with over $650 Billion IOU's left after Congress spends it each and every year!! I would like nothing better than to drop out myself and instead invest that ever higher amount of Social Security TAX in my self directed IRA...at least I would know what I have that will actually be there when I retire! The truth is that Social Security is not viewed by the Federal Government as a retirement fund or pension, but just another way to collect revenues for the Federal Government to spend...we should look at as just another way for them to collect more Federal Tax. period! If it was really a pension fund then who in their right mind would allow a company to spend it each and every year and leave IOU's in its place in allegedly good faith?! IT IS A TAX and Just like Federal Government workers were required to join in paying it a number of years ago...All STATE Government workers (not just new ones joining the ranks of the taxpayer supported) should be required to pay like the rest of us in the private sector or self employed! Maybe then...Seniors would get more than the anemic $12 a month raise that Social Security gave them last year :( But now it finally comes out that over 5 MILLION State Government workers (taxpayer supported) get away with not having to pay any SOCIAL SECURITY TAXES...this is wrong and amounts to special privilages for government workers...just think if these 5 Million slackers also contributed to the S.S. fund that the rest of us are REQUIRED to out of our hard earned paychecks...maybe it wouldn't keep going up every year in competition with the Federal TAX! Just look below at what some of the State Governors are saying in order to defend themselves not having to pay a Social Security TAX: US governors oppose Soc. Security for state workers WASHINGTON (Reuters) - Eight state governors warned the White House on Monday that they will ''strongly oppose and actively fight'' any move to mandate Social Security coverage for all new state and local government employees. In a two-page letter spearheaded by Ohio Republican Bob Taft, states said congressional legislation to bar future hirees from participating in state- sponsored public retirement plans would weaken responsible state programs and trigger only short-term gains for the flagging Social Security system. ''The bottom line is that these proposals would decrease benefits for public employees already in pension systems and force prospective ... workers into a much weaker system, with no guarantee that the problem will be fixed,'' governors said in their letter addressed to President Bill Clinton. Currently, roughly five million state and local public employees, or 30 percent, are covered by qualified state public pension plans rather than Social Security. ''This allows states and localities to design, administer and finance retirement plans that best meet the needs of their employees,'' a panel of the Government Finance Officers Association said in a recent policy statement. But Social Security reform bills introduced last year and reoffered in the 106th Congress would require all new state and local government hirees to be covered by the nation's retirement system. A recent government study concluded that such a move would increase the solvency of the ailing Social Security system by another two years. Clinton's fiscal 2000 budget proposal earlier this month is silent on the issue. But the administration has signaled in informal conversations that it would not fight provisions mandating Social Security coverage, a local govern- ment lobbyist told Reuters. ''What the governors want is an assurance that Clinton will stand up and say, 'No, I won't accept any package that has mandatory coverage of state and local employees,' '' said the lobbyist, who asked not to be identified. ''I don't think the White House will do that,'' he said. A White House spokesman said Clinton had no comment. Also please check out this thorough research article on exactly what old and young people can expect out of their contributions to Social Security and how over 5 Million government workers continue to not contribute a dime, but get their retirements paid by the rest of us in the private sector (non-taxpayer supported ;): jbs.org Shawn