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Originally posted by ChrisF231
Here's the thing, I realize that we have the elderly who have paid into the system for decades, I realize we have people are disabled to the point where they cannot work, I realize we have people who have fallen on hard times with the economy ... this economic crisis has impacted EVERY family in the United States including my own.
Here's the fact: the present level of entitlements are NOT sustainable. 49% of the population pay no Federal income taxes. As the Baby Boomer generation (my parents) retire the younger generations like mine are going to be paying more and more into Social Security and in return my generation will get an even lesser payout.
Something has to give, benefits and entitlements have to be cut. Social Security was ment to be a supplement to ones savings not as a sole source of income. Additionally it was only intended that one would draw Social Security for no more than 5 years due to the lower life expectancy rate of the 1930s. Today we have people retiring at 63 and living for another 20+ years. My grandma is 84 and hasent worked in 20 years. We MUST raise the retirement age to at least 72.
Originally posted by ChrisF231
Here's the thing, I realize that we have the elderly who have paid into the system for decades, I realize we have people are disabled to the point where they cannot work, I realize we have people who have fallen on hard times with the economy ... this economic crisis has impacted EVERY family in the United States including my own.
Here's the fact: the present level of entitlements are NOT sustainable. 49% of the population pay no Federal income taxes. As the Baby Boomer generation (my parents) retire the younger generations like mine are going to be paying more and more into Social Security and in return my generation will get an even lesser payout.
Something has to give, benefits and entitlements have to be cut. Social Security was ment to be a supplement to ones savings not as a sole source of income. Additionally it was only intended that one would draw Social Security for no more than 5 years due to the lower life expectancy rate of the 1930s. Today we have people retiring at 63 and living for another 20+ years. My grandma is 84 and hasent worked in 20 years. We MUST raise the retirement age to at least 72.
Originally posted by BomSquad
Originally posted by GrantedBail
reply to post by dolphinfan
The reason money moves out of the country is that we penalize people who keep their money here in the first place. Stop making it advantageous for people to move their money offshore, and people will stop doing it in a heart beat. Create incentives to re-invest the money here and people will start doing that too.
edit on 14-8-2012 by BomSquad because: (no reason given)
Tax rates are lower than they have been for many decades. Taxes are not the reason that everything has been moved offshore. The reason is simple GREED. Why make 85 cents when you cna make the whole dollar. Capitalism does not work unless it is operated within a moral enviroment.
Originally posted by Trublbrwing
I don't think a multi millionaire who wants a job paying $200k can be trusted, that person is not in touch with the current economic conditions and is not capable of deciding where our resources should be directed. This isn't just Romney or Ryan, it applies to every ivy league graduate who has never gone hungry or worried about being homeless in one of the wealthiest nations on Earth.
Originally posted by Destinyone
reply to post by Trublbrwing
I'll tell you who else is not in touch with reality. The multi-generational welfare families, that have learned to play the entitlement programs for every penny they can squeeze out of them. The people who take advantage of the rest of us, who do pay into them, in the form of taxes. What about those people...huh....
And...add to that the now extra 15 million illegal aliens our current President has given the red light to, to now apply for all those benefits too. What about them.
Where do you think all that money, to keep supporting all those people, is going to come from. I see a tax revolution coming, and I'll be on board...I'm tired of being told, I have to take care of those, who won't take care of themselves.
I have said it before, I'll say it again. I believe in a helping hand...not an unlimited, hand out.
The current entitlement programs are in dire need of a major overhaul, and reigning in...so be it.
Des
edit on 13-8-2012 by Destinyone because: (no reason given)
MAJOR GOAL
The four purposes of TANF are:
assisting needy families so that children can be cared for in their own homes;
reducing the dependency of needy parents by promoting job preparation, work and marriage;
preventing out-of-wedlock pregnancies; and
encouraging the formation and maintenance of two-parent families.
Highlights of TANF
Work Requirements:
With few exceptions, recipients must work as soon as they are job-ready or no later than two years after coming on assistance.
To count toward a State’s work participation rate, single parents must participate in work activities for an average of 30 hours per week, or an average of 20 hours per week if they have a child under age six. Two-parent families must participate in work activities for an average of 35 hours a week or, if they receive Federal child care assistance, 55 hours a week.
Failure to participate in work requirements can result in a reduction or termination of a family’s benefits.
States cannot penalize single parents with a child under six for failing to meet work requirements if they cannot find adequate child care.
States must engage a certain percentage of all families and of two-parent families in work activities or face financial penalty. These required State work participation rates are 50 percent overall and 90 percent for two-parent families; however, States can reduce the targets they must meet with a caseload reduction credit. For every percentage point a State reduces its caseload below its FY 2005 level (without restricting eligibility), the credit reduces the States target participation rate by one percentage point.