June 30, 2010 at 5:00 pm in INFORUM
BISMARCK North Dakota U.S. Senate candidate Tracy Potter said Wednesday that he has a solution “to fix Social Security forever.”
Tags: Legislature, Politics, social security, tracy potter, US Senate 25 Comments »
I do not usually like movements to target only the rich with higher taxes, but find myself liking this proposal. It would also generate enough dollars to slightly lower today’s required tax rate.
Well-loved. Like or Dislike: 33 16
If Potter can fix Social Security, bless him. It’s all I have for my retirement, and if that goes I’ll be working til I die.
Well-loved. Like or Dislike: 34 18
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That’s his plan to fix Social Security? More taxes? Typical liberal response to a problem.
Poorly-rated. Like or Dislike: 25 45
Socialism at its finest.
Poorly-rated. Like or Dislike: 25 40
Tim,Talking about SS.
You state,”Socialism at its finest” I am a veteran and I go to the VA for my health care, is this socialism also?
I should say some of my health care, read on.
I also pay into Medicare, even though I should not not have to. For emergency medical needs, the VA you and tells you to call 911. They do not pay for the ambulance or the public hospitals ER or hospital room or the doctors care. This has happened to me three times, and has placed me in a very broke situation. I have Medicare to pay the hospitals and ambulances at least the 80% Medicare pays, however, I do not make enough money from Social Security to pay the hospital the remaining 20%.
It’s a Catch 22. The VA denied paying my public hospital bills, even though they told me to go there. Then they state that the reason I was denied was because I had Medicare. If I didn’t have Medicare they say they would have paid !00%, but being I did they won’t pay the remaining 20%. this is NOT TRUE!
Here is their scam. They tell you to call 911 when you call into the VA, as soon as you do that their off the hook. If at all possible, try to get to the VA. If they send you to a hospital from there, they have to pay the bills. Many veterans do not know this. Hey Vets, pass the word.
This has put a lot of veterans in bankruptcy and in the poor house and sadly, in their graves…
What ever happened to eternal health care for all veterans???
Like or Dislike: 12 3
A comment to my last comment. If you do call 911 and you tell the ambulance to take you to the VA ER, they won’t.
Like or Dislike: 5 1
You can’t “fix” a Ponzi scheme like social security; they all eventually fail.
Poorly-rated. Like or Dislike: 19 48
Why is my comment from yesterday no longer here?
Like or Dislike: 7 13
None of your comments have been removed. This is simply a duplicated article. Your previous comment can be found here: http://topics.areavoices.com/2010/06/30/potter-offers-plan-to-fix-social-security-forever/comment-page-1/#comment-4786
Like or Dislike: 15 9
Potter is delusional if he thinks raising taxes on six percent can lower taxes for the remaining population AND keep social security solvent. Moreover, how is raising taxes going to increase certainty in the economy? Business costs are high already and if you add yet another tax on them, that decreases the amount of money they have to invest in expansions and thus, new hires. Not to mention the burden this would be for the self-employed like farmers and ranchers. Raising taxes would be a job killer. We need to get people back to work so they are paying into the system instead.
Hot debate. What do you think? 20 23
It would help for people to understand WHY this is a limit on the income that is taxed. SS money is not (in theory) part of the general budget. SS taxes pay for SS benefits. The more taxes you pay when you are working, the more benefits you receive when you retire. The limit on taxes is in place to limit the benefits of wealthy in retirement. Otherwise those who made millions while working could receive millions per year from SS. Potter’s plan isn’t just to remove the income tax limit, but to change the program to remove the link between taxes paid and benefits granted.
Like or Dislike: 19 7
Their is a maximum limit on your social security benefits no matter how much you have paid in.
Like or Dislike: 14 9
There is a maximum limt on much you pay in. There is a maximum limit on the benefits. From the on-line calculators I have found, you reach the maximum benefit if/when you have reached the maximum taxes paid in. I think your comment should be rephrased to say “There is a maximum limit on your social security BECAUSE of the maximum limit on how much you pay in.” Which is what I said in my original post.
Like or Dislike: 5 6
I find it funny how Potter implies that this idea should be accepted because it will only negatively impact 6% of the population. Make the statement that only 10% of the population will be affected by some anti-gay legislation and you will be tarred and feathered (rightly so…… and Potter shouldn’t be allowed to use that same logic either).
Like or Dislike: 16 12
Remove the cap but keep the rate the same. Someone needs to legislate a fix to either party dipping into the fund to balance a budget or pay for some other program. Both parties are guilty.
Like or Dislike: 18 4
It’s an insurance program; insurance premiums are based on risk.
Poorly-rated. Like or Dislike: 8 18
I heard this is how one of our wars was funded. I know this won’t cure all, but definitely stop the “dipping” in.
Like or Dislike: 4 3
How about this for part of a solution? If you never paid in you aren’t allowed to take from the pool. In addition half of the sum for people still working would be to have it go into a personal retirement account earning compound interest.
Like or Dislike: 8 15
the only fix is to END IT for people younger than 40.
Like or Dislike: 10 18
Doc, they’ll never do that….instead they’ll raise the retirement age to 112, then they never have to worry about paying it in the first place.
Like or Dislike: 2 5
How about this: don’t use SS money for anything but SS! Numerous administrations over the years ‘borrowed’ money from SS to ‘balance’ the budget. If the money each individual paid in was actually invested and then used to pay for that individual’s retirement they would be able to retire better than when they were working. The problem is the gov’t doesn’t do this. They pool the money into the general slush fund using “IOUs” and now the gov’t has racked up so much debt that even if they taxed the top 10% at a 100% tax rate it wouldn’t balance the budget let alone pay back all the money that was ‘borrowed’ from SS…
Like or Dislike: 10 0
Raising taxes???…You got to be kidding me. No wonder this guys down a whopping 52 points to Hoeven. Said it before and I’ll say it again, socialism works great until you run out of other people’s money.
Like or Dislike: 5 8
I have always believed in eliminating the “cap” on SS. Why should I pay more into SS than someone who makes $200K? Our family income annually is about $80K…that will be less next year because I have been laid off and am job searching,..
Either eliminating or raising the cap is the way to go. Even my Republican brother in law who is an accountant believes this is at least a start to fixing our problems with Ss.
Removing the cap would not fix it. It just sounds good in the election year to say you have a ‘fix’ to social security. I don’t plan on SS being there when I retire. The moment you trust someone else with you own financial security, is the moment you will find yourself broke. And besides with the government’s track record for managing things, why would anyone ever think this train wreck will be fixed? The longer the gov’t program exists, the worse it gets.
Like or Dislike: 1 3
I’ve got bad news for you folks, the money is gone. There is not one dime of your money that you paid in that exists anywhere other than in the form of an iou. The creeps in Washington have spent it all. This Potter clown has sealed his defeat by exhibiting his stupidity. Increasing taxes on the top 6% at this point is a drop in the bucket and is useless.The thieves in the government can only get out of this by increasing the age of eligibility to the point you’ll probably get to retire at 80. The damage is done, that’s just the way it is. Please raise your hand and prove you’re a fool if you think there is a Social Security Trust Fund. I’ll give myself a thumbs down on this one because I don’t like it either.
Like or Dislike: 2 4
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