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  1. #1
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    McCain Receives Nearly $2k per Month in Social Security; Says The System is Broken

    I found this on Stumble and thought it was pretty interesting:

    McCain gets $1,930 a month from 'broken' Social Security system

    Republican presidential candidate John McCain cashes his monthly Social Security checks despite calling the federal program "a disgrace," the Associated Press reports.

    "I'm receiving benefits," McCain told campaign reporters, but added, "the system is broken."

    In 2007, he received benefits of $23,157 from Social Security, approximately $1,930 a month. The maximum monthly benefit under Social Security is $2,185. Social Security benefits are determined by age at retirement.

    McCain, who is 71, has received benefits since he was 65.

    Last week, McCain told observers at a town-hall meeting in Portsmouth, Ohio, "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers ... and that's a disgrace."

    B.J. Jarrett from the Social Security Administration said that individuals can refuse retirement benefits.

    In 2006, McCain's wife Cindy earned $6 million, and has a net worth of approximately $100 million.
    http://www.bizjournals.com/sanfranci...4/daily79.html

    Although he's admitting that he gets the checks, and does say that he thinks the system is broken, I think it's very interesting that he still cashes the checks. I mean, I know the money won't really go back into the system, but it's not exactly a smart PR move, in my opinion.

    Of course, if that were me, I would probably do the same thing, but still, I think it'd be smarter for him to take a stance more like "I get Social Security checks, but I don't cash them because our system is broken." Just my two cents.

  2. #2
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    What are you talking about everything that involves our government is ran with incredible efficiency

  3. #3
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    Don't worry, Obama will fix the system with the always economically sound principles of socialism.

    Medicare's unfunded liabilities is only at 62 TRILLION, let's go ahead and quadruple that with socialized healthcare for all. Social security is at 10 TRILLION. The prescription drug plan creates another 16 TRILLION.

    Taxpayers were on the hook for around $59 trillion in liabilities as of 2006. That amount is equal to $516,348 for every U.S. household. Of course that sum is paid over time which increases the amount; basically the eqivalent of every household paying 33k every year over the course of 75 years.

    I can't wait to see what the ranked most liberal senator of 2007 does to the economy.
    Last edited by {}; 07-26-2008 at 05:54 AM.

  4. #4
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    He takes a salary for being Senator.. he's not technically retired. I was unaware you could collect SS when you weren't actually retired. He's been Senator since before he was 65, so he actually has never been retired. Perhaps I am misunderstanding when you can actually collect.
    oh my god! did you hear? Alex Rodriguez left a floater and didn't do a double flush!!! someone alert the media this must be news!

  5. #5
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    Quote Originally Posted by {} View Post
    Don't worry, Obama will fix the system with the always economically sound principles of socialism.

    Medicare's unfunded liabilities is only at 62 TRILLION, let's go ahead and quadruple that with socialized healthcare for all. Social security is at 10 TRILLION. The prescription drug plan creates another 16 TRILLION.

    Taxpayers were on the hook for around $59 trillion in liabilities as of 2006. That amount is equal to $516,348 for every U.S. household. Of course that sum is paid over time which increases the amount; basically the eqivalent of every household paying 33k every year over the course of 75 years.

    I can't wait to see what the ranked most liberal senator of 2007 does to the economy.
    Those are all over the lifetime of the program. Of course, if you switch programs to something more efficient, those numbers come down. Medicare and Medicare D are both too costly for their own good. We spend more in Medicare alone per capita than any other country spends on their health system. Replacing those systems with a streamlined one in which people pay in to get coverage would actually lower the long term costs.
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  6. #6
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    My issue is more that I'm surprised that if he thinks our system is broken, he's not taking a moral/ideological stance and not cashing his checks.

  7. #7
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    obama has over 1 million dollars in tax-free municipal bonds. He's rich.... So question, why doesnt he redistribute his wealth? Is he hiding his money from his own proposed policies?

    Also, where did obama get all of this money... I dont understand how a senator making 200,000 or whatever it is can accumulate all this wealth in a short amount of time.....

    See, it can go both ways. These are politicans we are talking about.

  8. #8
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    We could help fix it but one party prefers to ***** instead of actually offer their solution.

    While privatization may not be the best idea on the planet, it's better than "you liar, this system will work forever!!!"

    But while he shouldn't cash the checks, can anyone on PSD honestly say they wouldn't do the same thing? Even if you didn't need the money?
    "Compromise, hell! That's what has happened to us all down the line -- and that's the very cause of our woes. If freedom is right and tyranny is wrong, why should those who believe in freedom treat it as if it were a roll of bologna to be bartered a slice at a time?"

    RIP Jesse Helms

  9. #9
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    Huh? What does this have to do with social security? I know you love attacking Obama, but your post really made no sense in this context.
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  10. #10
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    Quote Originally Posted by blenderboy5 View Post
    We could help fix it but one party prefers to ***** instead of actually offer their solution.

    While privatization may not be the best idea on the planet, it's better than "you liar, this system will work forever!!!"

    But while he shouldn't cash the checks, can anyone on PSD honestly say they wouldn't do the same thing? Even if you didn't need the money?
    The only problem lies with the baby boomers. Once we get passed that generation, things will level off. Obama's got a plan of removing the cap on payroll taxes (currently everyone pays about 8% of the first $100,000 or so that they earn) to cover people earning over $250,000.

    Of course, that is the reason why McCain goes after Obama about raising taxes.
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  11. #11
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    I can fix social security.

    We stop handing it out for about 10 years. The current elderly can't pay for their medicine...and they die. Thus, clearing up a lot of cap space.

    If you really want to help the system though....start smoking, eat unhealthy foods, drink, etc....and die at around 58-60.

    That way, you get to live an awesome life, and you also spare the system from supporting you.

  12. #12
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    or you can save your money early..... there a lot of good ROTH IRA accounts out there. SS will be done in due time.

  13. #13
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    Quote Originally Posted by tomno00 View Post
    obama has over 1 million dollars in tax-free municipal bonds. He's rich.... So question, why doesnt he redistribute his wealth? Is he hiding his money from his own proposed policies?

    Also, where did obama get all of this money... I dont understand how a senator making 200,000 or whatever it is can accumulate all this wealth in a short amount of time.....

    See, it can go both ways. These are politicans we are talking about.
    that and obama actually writes off goodwill clothing donations in his tax returns,, which is pretty funny considering......

  14. #14
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    Quote Originally Posted by gcoll View Post
    I can fix social security.

    We stop handing it out for about 10 years. The current elderly can't pay for their medicine...and they die. Thus, clearing up a lot of cap space.

    If you really want to help the system though....start smoking, eat unhealthy foods, drink, etc....and die at around 58-60.

    That way, you get to live an awesome life, and you also spare the system from supporting you.
    The tobacco industry already beat you to that one. In the mid-90's they released a survey which led to exactly the same conclusion: smoking saves money because people die young and save on health costs.

    I agree with CubsGirl. If McCain is seriously questioning how the system works, he should make a moral point of not cashing his checks.

  15. #15
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    Quote Originally Posted by Lady's Man View Post
    that and obama actually writes off goodwill clothing donations in his tax returns,, which is pretty funny considering......
    Why? We're wealthy, and my parents still write it off. What's the big deal about that?

    Also, I dont see the big deal about what McCain does. He doesn't like how it currently is, and would change it if he were elected president. Do you honestly expect him to just rip up checks? That's just silly...

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