Originally Posted by Riot (Post 797150)

Social security monies and Medicare monies are kept separately, though, each is an independent percentage of FICA.

Again, the only change I would make is raising the cap to $250,000. No need to raise the age if that is done. No "overhaul" needed, just a tweak. People in America work longer than other countries to get to retirement already.

Originally Posted by dellinger63 (Post 797153)

Bullshiat!

The cash, collected in the form of taxes, is deposited into the general fund and then 'credits' (future tax promises) are issued to each's account. The 'cash' meanwhile goes to everything from the bridge to no where to Obama flying home for his b-day bash.

If we only had the monies kept seperately we'd have only 30% of the debt we do now!

Originally Posted by Riot (Post 797156)

:zz: That doesn't even make any remotely logical sense.

Oh, wait! I think you thought I meant that the funds are physically kept separately. LOL - no. That's not what I am saying when I say the "funds are kept separately". I am talking about normal accounting procedures. Not your scenario of a man cashing your check, and putting money into little separate piles .... Seriously? That's how you think? You think that people (employers) should be required to write a separate check for each separate Med and SS account? LOL!

Dell, I want you to do something really brave: go read Wikipedia, regarding "Social Security - United States"

Originally Posted by Riot (Post 797156)

You think that people (employers) should be required to write a separate check for each separate Med and SS account? LOL!"

Originally Posted by dellinger63 (Post 797164)

and you go take a reality pilll.

If the SS tax was actually invested in the same form it came in, CASH (even in actual T-bills) the roughly 40% of taxes paid in 'cash' taken in each year wouldn't be available to 'waste' on political pork whether it be reps or dems.

It's that simple!

Originally Posted by Riot (Post 797150)

Social security monies and Medicare monies are kept separately, though, each is an independent percentage of FICA.

Again, the only change I would make is raising the cap to $250,000. No need to raise the age if that is done. No "overhaul" needed, just a tweak. People in America work longer than other countries to get to retirement already.

It's really physically hard for alot of 67 year old people to work, even if they do have an office job. If they are laid off after 55, good luck ever finding a job again. Why make elder poverty worse? Let's make it better, let's make less of it.

Again, I see no need to change the qualification credits. Although everyone is "fully vested" after 10 years of nonstop work, they are not all paid the same at retirement, because that depends upon your individual income.