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Name:
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Yankee06
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Subject:
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unearned income tax
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Date:
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3/13/2010 1:24:21 AM
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-Playing the "Party" game can get one in trouble.
-As an independent, I don't care which party screws teh public, I don't like it. Congress as a whole are a craven group, as teh recent bribes-for-votes for health care has shown.
-back to screwing with social security: Personally, I don't believe in teh concept of social security. However, once passed, I believe that congress should try to abide by the original concept. Teh social security the congress passed in teh 1930's is no longer the social security we have today, ---not by a long shot.
-The 1983 changes mentioned above: I'm old enough to have lived and read about these changes as they happened. Further, I lived in DC at the time. So this kind of news was local news, --on teh TV every night, in the paper every day, and the cast of characters was well known by almmost everyone. Yes Reagan signed those tax changes, a black eye for teh conservative movement. But the driving force for those tax changes was teh House, and the house was ruled by the dems. the senate was republican by about 6 or 7 votes. It relly didn't play much in this financial battle. The real battle for these changes was done in teh dem controlled house.
-Now the worst thing that has ever happened to SS was in 1965 when President Johonson signed a bill passed by teh dem-controlled senate and house that took SS monies out of the SS trust fund and put these monies in the general fund. The rationale was that the fund had so much money that it would never use it all, and by putting it in the general fund teh budget could be balanced. But worse, teh congress began taking money out of teh ss bucket and repaying it with worthless IOUs. This one act of short-term thinking is what ruined social security and caused most all teh funding problems we have today....and tomorrow.
-As I have explained in previous posts and won't bore anyone again, I will have to be 82 before I get back all the money I and my employers have put into social security, ---and that doesn't include any interest that I would have accrued over the last 40 years if I myself had saved this money for my retirement. Probably most of you ae in the same boat.
-congress has to be controlled or they will bankrupt this nation.
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