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Reed lacks concern on Social Security

November 15, 2013

Editor, OBSERVER: This is an open letter to Congressman Tom Reed on his letter proposing raising debt limit conditioned on changes to Social Security....

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Nov-18-13 10:30 AM

Yea you would be confused.

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Nov-18-13 9:56 AM

American, what exactly did Obama steal? I'm confused as to what "it" is.

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Nov-17-13 2:34 PM

jo1952 because Obama stole a lot of it to implement that useless non-Affordable Care that is his "pride and joy". Of course it doesn't matter that peoples rates went up and policies are cancelled does it.

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Nov-17-13 12:17 PM

GeorgeB67, you are misinformed. regarding immigrants, no one can receive social security without contributing. ssa-dot-gov/history/InternetMyths2-dot-html And why do you assuke that the money goes to :liberal spending program?" I'm sure that the majority of the money spent by the US goes to the military.

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Nov-16-13 6:44 PM

Tom likes to complain about spending for anything he doesn't like. But he is all too willing to spend on his own boondoggles: the recent shutdown cost us billions, and Tom seemingly would do it again.

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Nov-16-13 6:40 PM

Heck, why don't we just remove the cap all together? Maybe the means test should be for those who, even though they are retired, are millionaires or billionaires. You can look at the United States as a country club. The rich have to pay their dues to be a wealthy person in the United States. All of us are the surfs who keep their club going. Reed is a millionaire, and that is fine, but he has no idea how the poor are living in his own district. He doesn't even show up at his own town meetings in Dunkirk or Fredonia. There are veterans living on the edge and as far as I can see, he does not care. How about in order to serve in government, you can't be a millionaire? I'm sick of these politicians who have never walked in our shoes.

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Nov-16-13 5:07 PM

As bad as Reed may be he still doesn't hold a candle to the evils if Schumer.

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Nov-16-13 4:42 PM

Rep. Reed's premise -- that deficit trumps all -- is patently false. Deficits are expected during a business slump.

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Nov-16-13 4:02 PM

Tom Reed has consistently voted for cuts to our social programs (SS and Medicare) and others (SNAP and WIC). He likes to tell the worried elderly he's trying to "save" their benefits, when all the while he is doing the opposite.

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Nov-15-13 5:51 PM

This is a great letter! Reed wants to destroy a program that is wildly popular and has been effective for seven decades. With the right stewardship (as opposed to Republican dismantling), it will continue to help working-class Americans.

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Nov-15-13 10:58 AM

GeorgeB67, more right wing BS! How about going after some giveaways to large corporations ands rich people first?

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Nov-15-13 10:44 AM

The social security "trust fund" is a lock box full of I.O.Us. It's been drained to support liberal social welfare spending. Yes, we were told that we are paying into our own retirement. But it's really current revenues from those still working that pay for those currently collecting.

We've know for decades that, as baby boomers retire, there will huge problem. Not enough people working to support those collecting. This crisis was accelerated under President Carter when immigrants, who never paid into the system, were allowed to come to the US and start collecting SS benefits. Under Obama we are now extending to illegal immigrants. That's where the "trust fund" is going.

Now Rep. Reed, and others, want to address this crisis and the liberals are demonizing them by convincing senior citizens they are out to cut their benefits.

This allows liberals like Obama to continue to ride the runaway freight train of deficit spending while hiding behind this fear-mong

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Nov-15-13 10:26 AM

An Obama proposal would change the annual COLA to Chained-CPI, lowering annual increases. If retiring at age 65, this would be a cut of $650/year by age 75 and $1,130/year at age 85 versus the current format. (Based on 2012 Trustees report if change is made from CPI-U to Chained-CPI.)

Chained-CPI more accurately calculates inflation, but does NOT accurately reflect what seniors spend most of their money on, medical care and housing, for which there are no real substitutes (the underlying premise of Chained-CPI). Also, per the Joint Committee on Taxation, this would increase current workers’ tax rates, with 69% of gains from those earning <$100k/yr.

What to do? I dunno. Increase the retirement age for full benefits? Means testing, which in effect punishes those who were frugal and saved for their retirements? Increase the payroll tax from its current cap ($117k in 2014) and taxing higher earners another 6.2% (plus their employers) for money they‘ll never see?

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Nov-15-13 9:55 AM

I just sent an email to Reed telling him he just lost my vote. I encourage everyone to do the same. Social Security is NOT an entitlement!! We worked and we paid. It is our return on an investment.

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Nov-15-13 9:48 AM

Everyone should send an email to Reed telling him of their displeasure. Let him know he will lose all senior votes!!

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Nov-15-13 7:56 AM

"The United States may have serious longer-term fiscal problems, but Social Security is not chief among them. After all, the Social Security Trust Fund has a $2.7 trillion surplus and will continue to grow until 2021. Even though the population of Americans over 65 will grow by a third over the next decade, by 2035 Social Security's share of GDP is nevertheless forecast to increase slowly from just under to a little above five percent. Meanwhile, the program provides 40 percent of the cash income for American retirees, reducing the poverty rate among the elderly from 43 to just 9 percent."

Anyone concerned about SS..first get the facts..then why not just raise the income cap to say the 90% in was in Reagan years...One would be restoring the Reagan standard that 90 percent of wages are covered by the Social Security tax, which now applies to only 83 percent of wages. If we went back to the Reagan standard, the Social Security tax would apply to close to $200,000 of wages thi

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Nov-15-13 7:51 AM

On behalf of all of us seniors who after working our entire lives, now depend on ss as our primary source of income...THANK YOU for this letter!!

I just read the Ribble letter for myself..the calls for means testing, link to raising the age of retirement, etc. I hope everyone will read the letter and then remind our Rep that a vast majority of those he represents are us seniors..many of who depend on ss...and do not want to see any of these changes implemented.

Hope all Seniors are paying close attention and then use their votes to cast their opinion next November.

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Nov-15-13 7:42 AM

Reed shows no concern for his waistline, big surprise.

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Nov-15-13 7:40 AM

Is nothing sacred anymore? I can't wait to hear the usual ones defend Reed on this issue.

No one has any shame anymore when it comes to how we treat our elderly, be it uncaring taxpayers looking to save a buck, or shameless reps willing to surrender all morals in return for the best chance to get re-elected.

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Nov-15-13 6:59 AM

Reed is a dogmatic example of a party that has lost it's way. Not that the Democrats have a clue, but at least they leave the benefits to the elderly alone.

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