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How come Democrats, at least in Ohio are distorting the truth about Social Security?
There are ads being ran in Northeast Ohio saying that Republicans want to put ALL of Social Security into private hands. This is incorrect, the last Republican stance was to allow a certain percentage, up to half to be invested like a 401(k) at the individual's choice. If you don't want to opt for this option, then you can stay with the current option.
3 Answers
- kpk02Lv 61 decade agoFavorite Answer
On top of that, how can it be any worse than the current full government hands? Currently, we lose 100% of the money we invest into Social Security. The checks going out aren't coming from the invested money a person puts it, it's coming from the money that someone else is putting in.
It's a Panzi scheme right now, because the people currently collecting are dependent on those underneath them for the funding. If the money was in private hands, it could potentially make it tough for the government to dip into the pot and take it all again and leave IOUs like they did to leave us in this current mess.
But to reiterate, 100% of the money you put into Social Security goes towards paying out to someone else. That means you're losing 100% of your investment and will be dependent on your money coming from others when it is your turn to start collecting.
- ?Lv 45 years ago
Democrats at the instant are not concentrated on social protection recipients and the protection rigidity - particularly only telling the reality. If the Republicans bypass forward and close down the government then people who would be impacted are those that recieve money from the government. "as a substitute of canceling congressional and czar pay-checks" - lifeless incorrect back. Senator Barbara Boxer presented a invoice back in Feb to steer away from congress and the administration being paid interior the form of a shutdown. The invoice exceeded the Democrat Senate, yet Republican domicile leaders won't even placed it to a vote. Why no longer? nicely in accordance to a minimum of one Republican, our congressmen are only too destructive to bypass with out pay via a breakdown they brought about. "I assure maximum of you, I unquestionably have extra debt than all of you. With six childrens, I nonetheless pay off my pupil loans. I nonetheless pay my loan. I rigidity a used minivan. in case you think of i'm living extreme off the hog, i've got have been given one paycheck. So I conflict to fulfill my expenses precise now." Sean Duffy
- Anonymous1 decade ago
yeah i ageed,, republlicans are the good guys obama sucks