Category Archives: politics

Solution for Social Security

One day last week, I received my Social Security Statement.  It seems to come every year right around W-2 time.  I looked at it and checked it for accuracy.  I also realized that I will not see most of the monies that I have paid into the system since 1987.

Recently, on my limited listening of talk-radio, I kept hearing over and over again how Social Security will pay out more than it takes in now that the Baby Boomer generation is now in the retirement phase of their lives.  I noticed something that I had seen before on the statement but had not thought about much because it did not apply to me.  I have never made over $106,800.  In fact, I have never made over $40k in my lifetime!

You currently pay 6.2 percent of your salary, up $106,800, in Social Security taxes and 1.45 percent in Medicare taxes on your entire salary.  Your employer also pays 6.2 percent in Social Security taxes and 1.45 percent in Medicare taxes for you.  If you are self-employed, you pay the combined employee and employer amount of 12.4 percent on Social Security taxes and 2.9 percent in Medicare taxes on your net earnings.

I have been self-employed for a short time in my life and have paid the 15.3 % in Social Security and Medicare taxes.  I am now currently an employee and pay the 7.65% for Social Security and Medicare.  What has always stumped me is why the government stops taking the 6.2% once someone makes over $106,800?

I am a conservative.  I am not a big fan of Social Security, but we have no choice.  We cannot choose to not pay into the system, so unless something changes, we are stuck with this broken system.

My solution may be simple and unorthodox and it may get some conservatives angry, but I still think it is a possible solution.

Why not remove the $106,800 threshold for Social Security and continue to tax Social Security at 6.2% on all earnings like Medicare?  I can hear the conservatives screaming right now and calling me a liberal, socialist, etc.  I have not finished with my suggestion.  Along with the removal of the threshold, then increase the payment amount based on what the individual pays in (like they do now).  Think of all the revenue that is missing from $106,801 on up.

If we are stuck with the system, then why not attempt to fix it by finding ways to make it work.  Otherwise, why not shut it down completely and make people provide for their own retirement  (a better idea) than government sponsored retirement.

Dear Mr. President – your nominee is a racist

Dear Mr. President,

I would figure that you are a smart man and that you should be able to see that when your potential Supreme Court nominee makes such statements as ” I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life.”  Mr. President, I am surprised that you of all people do not see this as an intensely racist statement.  Ms. Sotomeyer cannot hear cases effectively because she has a definite bias against white males.  I guess in this era of  “hope and change” that this is permissible in your eyes and that you intend to do nothing about it.  You yourself said , “I’m sure that she would have restated it.”  Mr. President, how do you know that?  Are you covering for her lack of tact and the fact that she is a racist. I am glad that we have the process of confirmation hearings because she will be exposed for the racist and the judicial activist that she really is.

Mr. President you have also said that “her record makes clear that she is fair, unbiased, and dedicated to the rule of law”  How can you say that with all honesty when Ms. Sotomayer has made statements “that appeals courts make policy.”  Mr. President, you as a constitutional law professor, should know that the judiciary does not make laws but rather is charged with interpreting those laws!

Mr. President, I am deeply disappointed in your nominee and I plan to email my one, lone Senator and let her know my opinion, but because she is a Democrat, I fully expect her to ignore my opinion.

 

Quotations taken from USA Today

Attention MN taxpayers

Your elected officials do not think that we are paying enough tax, so they are in the process of raising them.  

You can read the story here

What I found interesting about this story was that 10 DFL’ers crossed over and voted with the Republicans to oppose this increase.  The vote was 35-31, a narrow margin of victory in the Senate.

I guess people like Tom Bakk and Steve Murphy don’t realize that if you keep raising taxes here in MN, that people will eventually get fed up and move elsewhere.  If you do not believe it, look at people leaving California!

Understand that the DFL is proposing tax increases that would give us two of the top ten income tax rates in the country.  You will not stimulate any economy by raising taxes!

I don’t even want to start talking about how the citizens of this state are getting royally ripped off by legislator “per diem” rates!

 

After I posted this – I went online and emailed both of my representatives in the MN House and Senate.  I urge you to do the same!

Be Careful What You Ask For

Well as they say, the voters have spoken and Barak Obama is the President of the United States and he has been for almost three months now.  Watching this administration from a distance has been quite unpleasant, from the repealing of executive orders regarding stem-cell research and taxpayer/federally funded abortions and now things have reached a new level.

Recently, it has become very popular for those who feel that they have suffered unjustly in the wake of this economic downturn, has decided that they will stand in line for a government handout or bailout.    Remember when the auto executives who begged to be bailed out instead of doing the right thing and declaring bankruptcy (and allowing the free-market system to work).  These same auto executives were chided by Congress for arriving in DC via their corporate jets.  I think that they should have thought about that one, maybe fly commercial.  But we must remember that when one decides to accept government bailout monies, that anything is fair game.

This has been exemplified in the recent dismissal or departure of Rick Wagoner from GM.  The media touted it that the President asked Wagoner to resign or step-aside.  In my lifetime, I have never heard of any President ever get so involved in the affairs of a private business (even though GM is a publically traded company).  This should scare you as it does me.  Yes, GM has asked the government for money and they need that money supposedly to survive,  but I think that GM and the general public were unprepared for the actions that took place earlier this week.  I do agree with the President’s statement that he believed that management changes were necessary for GM to survive, but I disagree with how this was handled.

What will be next, the President does not like how things are run at another company and he puts pressure on another CEO to step aside?  This is nothing but socialism at its best.

The Obama administration also spoke about HOPE and CHANGE.  What kind of CHANGE did the American people get?  They received a President with a socialist agenda along with a bunch of has-beens from the Clinton administration.  The only HOPE that we have is that this President serves one term and is not re-elected.

We have an admitted tax-cheat running the Treasury Department.  We have an inept individual serving as the Press Secretary.  We definitely need CHANGE!

Remember when the children of Israel asked God for a king and he gave them King Saul.

Independence Day 2008

I am out of town enjoying the 4th of July holiday with family.  As you seek to enjoy time with family and friends over this holiday weekend, remember and do these things:

1.   Thank the Lord for the opportunity to live in a free country

2.   Pray for those who serve in our military whose service allows us to remain free

3.   Pray for the upcoming elections 

Enjoy the holiday!

 

Future post:  I am in the process of writing a post about Alumni Associations.  Stay tuned for that post!

What do we do now?

This has been an interesting week. First, Mitt Romney decides to drop out of the Presidential race, after winning Minnesota! Second, on a more local note, the talk radio station that I like to listen to (KTLK-FM) has now made another programming change, again another bad decision. They have moved Dan Conry who is one of their best hosts and had a good gig going from 9-11AM, they have now moved him to 5-7 AM. No one that is in that time slot here has ever survived, they have all been fired. So is Clear Channel setting Dan Conry up for failure? I think so. They want listeners, but they are making dumb decisions that will ultimately drive listeners away. And now they bring in some unknown from Houston,TX that had been fired from his previous radio station,  roll out the proverbial red carpet and give him from 7-11 am! This is unbelieveable!

Dan Conry along with Jason Lewis have done their best to get conservatives involved in the process in spite of being in a highly liberal area. They are not afraid to call out the Republican establishment when they are wrong.

Regarding the Presidential race, I am still not sure if I can vote for John McCain, since it is painfully clear that he is far from conservative!

Fred Thompson is out

Today seemed like Monday even though it was Tuesday because of yesterdays federal holiday.  I was extremely disappointed when I heard about 3 PM today that Fred Thompson has dropped out of the race.  I am disappointed because I am not sure who I will vote for.

Giulani – not pro-life, too liberal

McCain – very liberal for a Republican (McCain-Feingold, immigration, etc.)

Huckabee – same as above (immigration, socialized medicine, taxes)

That leaves Romney and there are still many unanswered questions regarding him.  This is the first time since I have been able to vote, that I am quite discouraged about the Republican candidates.  Maybe someone will pick Thompson to be the VP.