Populist Reform of the Democratic Party

ND-Dem

(4,571 posts)

113. it's not the case that the cap is raised only to cover inflation. it was once raised to

Tue Jan 13, 2015, 01:42 AM

Jan 2015

keep 90% of workers paying. That ended under Reagan.

•Between 1983 and 2008, the share of total wages covered by Social Security and subject to tax has declined from almost 90 percent to about 83.5 percent because earnings have grown rapidly near the top of the earnings distribution.

http://www.urban.org/retirement_policy/sstaxableminimum.cfm

Even if you taxed all earning, according to those who make such projections, the shortfall wouldn't be covered. It seems America needs a raise. Or else the forecasters have problems, like the Reagan era forecaster who told us that we just needed to raise rates a couple of percentage points to cover the boomers (who were also paying for their parents).

that lasted just until the boomers began to retire. now they're going to pull the same scam again.

http://www.urban.org/retirement_policy/sstaxableminimum.cfm

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Highlight:

Elizabeth Warren's response to Third Way Criticisms: 'Oh Please' [View all] sabrina 1 Jan 2015 OP

A big, fat K&R! CaliforniaPeggy Jan 2015 #1

HRC = Third Way = DLC = Disaster cantbeserious Jan 2015 #2

Yep. HRC = disaster peacebird Jan 2015 #67

I just read this steaming pile of propaganda.The writer knows how to demonize someone. easychoice Jan 2015 #3

What a virtriolic piece of trash. Don't know who HE is but I know who SHE is. sabrina 1 Jan 2015 #4

I'm in. I'll do it. tblue Jan 2015 #6

Twitter and FB are great places to criticize and make fun of them. I'm going to see if he has a sabrina 1 Jan 2015 #7

#OhPlease is perfect! tblue Jan 2015 #8

Okay! Lol! sabrina 1 Jan 2015 #9

Found his twitter account and am following him. sabrina 1 Jan 2015 #13

Thanks sabrina and you too tblue.I don't twitter or FB easychoice Jan 2015 #10

I just found his twitter account. He used to work for the Washington Times and is now the sabrina 1 Jan 2015 #12

+1 #OhPlease Cosmic Kitten Jan 2015 #70

happy to join your efforts on fb hopemountain Jan 2015 #83

Yes, I noticed those words too. She is anything but shrill, she is EFFECTIVE. And that's what sabrina 1 Jan 2015 #85

so true...the more eyes she opens, the more screechy they're gonna get. BlancheSplanchnik Jan 2015 #68

Pictures speak louder than words demwing Jan 2015 #64

"Oh please." Perfect succinct reply to all such nonsense. tblue Jan 2015 #5

Kick. (nt) NYC_SKP Jan 2015 #11

Wow! If Elizabeth Warren can blow the cover of the 3rd Way Demeter Jan 2015 #14

They are so worried about her popularity they blew their own cover. sabrina 1 Jan 2015 #16

They do get resentful when... Cosmic Kitten Jan 2015 #71

Nice tie-in there. Third Way = Third World America. nt Erich Bloodaxe BSN Jan 2015 #19

Oh, I like that comparison Oilwellian Jan 2015 #102

K&R. JDPriestly Jan 2015 #15

kick rec Teamster Jeff Jan 2015 #17

Huge K & R!!! Thanks sabrina!! RiverLover Jan 2015 #18

Our nation only has one financial problem .... Scuba Jan 2015 #20

Well, that's the biggest one, to be sure Demeter Jan 2015 #22

In other words, allowing CRIMINALS to take charge of our country... cascadiance Jan 2015 #25

I'm sure they don't see themselves as criminals... Demeter Jan 2015 #26

Yep, evidence of our continued state of denial! :) cascadiance Jan 2015 #28

Warren fights back. Why did we have to wait for HER to come along, why haven't we sabrina 1 Jan 2015 #44

We need more like her to take the pressure off her. Better believe the Oligarch Rulers have her rhett o rick Jan 2015 #49

K&R think Jan 2015 #21

And here is what they believe will cow and discourage and divide us: djean111 Jan 2015 #23

Consistent with the goal of making Social Security needs based, then eliminating it entirely, merrily Jan 2015 #29

Already, here at DU, I have started reading posts which assert that SSDI and Florida children's djean111 Jan 2015 #31

(*This post is wrong.) Unlike Social Security (aka OASDI), SSDI (aka SSI) is a welfare program. merrily Jan 2015 #33

And I firmly believe that, at least here in Florida, any purported fraud by poor people djean111 Jan 2015 #35

Most likely, welfare fraud is petty cash compared to all kinds of defrauding the merrily Jan 2015 #36

Yep. My point exactly. djean111 Jan 2015 #37

If you think about it some, wasn't the entire effort to 'contain' communism, from merrily Jan 2015 #38

Right now, thinking about it, maybe all of history is just protecting assets. n/t djean111 Jan 2015 #41

I agree as to our history, anyway. merrily Jan 2015 #73

When the rich defraud, it's called good business. nm rhett o rick Jan 2015 #50

And when govt helps them, it's called good government. merrily Jan 2015 #72

I got your fraud right here easychoice Jan 2015 #65

You are right. Most of the fraud IS by these private institutions. sabrina 1 Jan 2015 #47

No, ssdi is NOT a welfare program. ssi is. they're NOT the same thing. ND-Dem Jan 2015 #92

ssdi is *not* a 'welfare program,' and its not the same thing as ssi, which *is* a 'welfare program" ND-Dem Jan 2015 #91

(*This post is wrong) SSDI is a welfare program. merrily Jan 2015 #93

Read the link again. It says very clearly that you have to have paid into the social security ND-Dem Jan 2015 #98

(*This post is still wrong!) Okay, I got it. Yes, Social Security and SSDI seem to be merrily Jan 2015 #101

Not quite: ND-Dem Jan 2015 #104

Now I will edit my edit. (Luckily for me, I've only edited one post so far.) merrily Jan 2015 #106

thanks for listening. it's a very common mistake, so much so that i fear the close naming ND-Dem Jan 2015 #109

A lot of mistakes around this and I am sorry to have been part of it. merrily Jan 2015 #112

OASDI IS 'social security' and includes SSDI. that's why it's called "old age, survivors, and ND-Dem Jan 2015 #116

Yes, I do know what OASDI stands for, but wasn't it called OASDI before SSDI merrily Jan 2015 #117

no. ND-Dem Jan 2015 #118

That was not my question. merrily Jan 2015 #120

i answered your question. you didn't read the answer well. ND-Dem Jan 2015 #123

Your Reply 123 did address my question. merrily Jan 2015 #133

123 copied a section of post 118. ND-Dem Jan 2015 #137

No democrat would even suggest that. So if there are people here making those statements, sabrina 1 Jan 2015 #45

Yes, bearing in mind that well-designed propaganda sometimes works. merrily Jan 2015 #115

I agree with that. I thought it might be a good idea when I first heard it also. I thought it should sabrina 1 Jan 2015 #122

Sorry for my errors, djean111. Please see my revised reply to you. merrily Jan 2015 #108

Exactly! The deception is beyond belief especially when you know how much influence sabrina 1 Jan 2015 #39

I'm glad you picked out that nonsense. This is how they deceive the public, with half truths like sabrina 1 Jan 2015 #32

the 'most wealthy' don't get so much social security anyway. it's the upper middle that does. ND-Dem Jan 2015 #119

I know that which is why it is so despicable of him to try to deceive people into thinking Warren sabrina 1 Jan 2015 #124

and there's a cap on benefits, even if he were drawing the biggest wage in the world. ND-Dem Jan 2015 #126

If Dimon's SS benefits would increase, aspirant Jan 2015 #42

^^^this^^^ L0oniX Jan 2015 #76

Sadly fredamae Jan 2015 #24

I did know about the DLC but didn't realize how bad they were until I began reading about sabrina 1 Jan 2015 #40

Yeah-Rahm fredamae Jan 2015 #43

Checking your links right now. Rahm's attack on Liberals and one other thing that really got to me, sabrina 1 Jan 2015 #46

15 Dems Decide Fate of Country? fredamae Jan 2015 #48

I can't wait to hear the excuses when Republicans manage to do what Dems ccould not do when they sabrina 1 Jan 2015 #52

It's hard to swallow fredamae Jan 2015 #55

You're not the only one. And they definitely don't want to talk to the people. I remember calling sabrina 1 Jan 2015 #63

Interesting phrase by TPM: "the progressive Wall Street-backed group" merrily Jan 2015 #27

There will, of course, be an effort to smear or denigrate or change the perceived meaning of djean111 Jan 2015 #30

I try to stay away from the term "progressive" because it means very different things to merrily Jan 2015 #34

Good idea. Maedhros Jan 2015 #51

Kick. Great post. riqster Jan 2015 #53

Be nice if she weren't the only one saying this.... vi5 Jan 2015 #54

Well Bernie is saying it, but he's not a Democrat. Not sure about anyone else. sabrina 1 Jan 2015 #58

Ha! Good one. vi5 Jan 2015 #59

Dues anybody know what the projection is if you LIFT THE CAP ? randys1 Jan 2015 #56

It would help, but on its own wouldn't be enough. However it would increase the fund sabrina 1 Jan 2015 #57

according to those who make such projections, it still won't cover the shortfall. ND-Dem Jan 2015 #125

HUGE K & R !!! - THANK YOU !!! WillyT Jan 2015 #60

Maybe this kind of thing will help motivate Warren to run (n/t) thesquanderer Jan 2015 #61

k and r nashville_brook Jan 2015 #62

Thank you, Sabrina. K&R antiquie Jan 2015 #66

mark to return to rurallib Jan 2015 #69

Abolish the "Wrong Way"!!! supercats Jan 2015 #74

Mark my words: If Hillary runs ...she will lose. L0oniX Jan 2015 #75

lose. RiverLover Jan 2015 #77

Wikipedia sez Voice for Peace Jan 2015 #78

For those complaining about the 1% getting everything the reforms suggested by the Third Way Thinkingabout Jan 2015 #79

That is a terrible idea and the only reason they want to do that, is to turn the program into a sabrina 1 Jan 2015 #81

You always bitch about the rich, here is something in which the rich does not need to receive and Thinkingabout Jan 2015 #89

You have TOTALLY misunderstood what I wrote. SS is NOT a welfare program. It is a retirement sabrina 1 Jan 2015 #114

^^^There they are now!!^^^ RiverLover Jan 2015 #80

When will Hillary start talking like this? Omaha Steve Jan 2015 #82

"a few adjustments" sounds like weasel words to me. ND-Dem Jan 2015 #84

No, they are not weasel words, she is exactly right. sabrina 1 Jan 2015 #86

if you know all this, what would those 'few adjustments' be? and i tell you, i stopped ND-Dem Jan 2015 #87

First stop sending US jobs overseas. Create jobs here and remove tax breaks from Big Corps which sabrina 1 Jan 2015 #95

GREAT post. nt RiverLover Jan 2015 #134

Raising the cap, plain and simple 99th_Monkey Jan 2015 #97

The cap is raised nearly every year. ND-Dem Jan 2015 #100

To adjust for inflation 99th_Monkey Jan 2015 #103

it's not the case that the cap is raised only to cover inflation. it was once raised to ND-Dem Jan 2015 #113

86% reduction of SS deficit is not bad. 99th_Monkey Jan 2015 #138

completely eliminating the cap wouldn't fix the problem, because the problem has been ND-Dem Jan 2015 #139

Senator Sanders disagrees with you 99th_Monkey Jan 2015 #140

I gave you the data from Urban League and it's not the only group saying that even totally ND-Dem Jan 2015 #141

Well then why do you insist on splitting hairs with me about raising the cap 99th_Monkey Jan 2015 #142

ah yes, the 75-year window. you don't know much about the issue, do you? ND-Dem Jan 2015 #143

So you're calling Sanders' wanting to raise the cap "bullshit"? 99th_Monkey Jan 2015 #144

ok by me. i can hear what you're saying on any mainstream news outlet so not very informative. ND-Dem Jan 2015 #145

I suspect I may hear what you're saying on FOX 'news' 99th_Monkey Jan 2015 #146

sure monkey. on fox news they're always claiming that social security projections showing ND-Dem Jan 2015 #147

I think we're just not communicating very well 99th_Monkey Jan 2015 #148

it happens especially when you say your codiscussant gets talking points from fox news. ND-Dem Jan 2015 #149

Perhaps 99th_Monkey Jan 2015 #150

as i told you, you didn't hear about my plan because i don't buy the "social security is going ND-Dem Jan 2015 #151

So far I'm with you 99th_Monkey Jan 2015 #152

Want to help keep SS solvent Cosmic Kitten Jan 2015 #153

Tell that to ND-Dem. 99th_Monkey Jan 2015 #154

Can't reason people out of what they feel is right Cosmic Kitten Jan 2015 #155

"The forecasts are fixed" can mean a lot of things 99th_Monkey Jan 2015 #156

good point. Cosmic Kitten Jan 2015 #157

Why do you think Sanders is proposing to raise the cap, if there's nothing to fix? 99th_Monkey Jan 2015 #158

Since you are not quoting Sen. Warren, who didn't say that at all, WTF are you talking about? BeanMusical Jan 2015 #88

no, "modest adjustments" and "a few adjustments" are oceans apart in meaning. sue me. ND-Dem Jan 2015 #90

Yeah, right. BeanMusical Jan 2015 #94

tell me what the 'modest' adjustments needed are, since you're an expert. ND-Dem Jan 2015 #99

Oh no, it's you who's the expert. BeanMusical Jan 2015 #111

You're the one who thinks there's a vast difference between modest adjustments and a few ND-Dem Jan 2015 #127

It's also weasely aspirant Jan 2015 #128

Since I don't accept the projections as presented, I'm under no obligation to present ND-Dem Jan 2015 #129

NO NO NO aspirant Jan 2015 #130

i don't have to apologize to you for anything. I stated very clearly what ND-Dem Jan 2015 #131

Apoligize to the OP aspirant Jan 2015 #132

... RiverLover Jan 2015 #135

Social Security is going to be the ONLY money coming in for a majority of Americans.... Spitfire of ATJ Jan 2015 #96

even in the good years, SS was the sole source of income for about 1/3 of retirees and ND-Dem Jan 2015 #107

Some of these assholes wanting to trash it make money by flapping their gums to fellow assholes. Spitfire of ATJ Jan 2015 #110

flapping ones gums in the service of the rich = it pays well. ND-Dem Jan 2015 #121

K&R'd! and Bookmarked. snot Jan 2015 #105

Elizabeth will win in a landslide. And she is running. Enthusiast Jan 2015 #136