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Social Security Alternative

August 26th 2010 04:36
This is a follow up to my article from yesterday.

So if social security is a bad thing, what do we do to fix it?

Basically we need to end the program. The problem is that so many people have planned on getting social security benefits that we can not just end it. That would be morally, and probably legally, wrong.

So here is an outline of my plan:

Anyone who wishes to never draw social security will be able to stop paying social security completely at this time. This is good for the government because the people have paid into the system in the past and will never draw any benefits. If, for whatever reason, you wish to stay in social security you may do so, but it will be limited.


I would break the step down into 6 steps, with those closer to retirement receiving a larger percentage of benefits than they pay in as follows:

Group 1: SS Tax – 10% Benefit Rate - 90%
Group 2: SS Tax – 8% Benefit Rate – 70%
Group 3: SS Tax – 6% Benefit Rate – 45%
Group 4: SS Tax – 4% Benefit Rate – 20%
Group 5: SS Tax – 2% Benefit Rate – 10%

The groups would be set up by current age somewhat like the following:

Group 1: 60
Group 2: 50-60
Group 3: 40-50
Group 4: 30-40
Group 5: 20-30

Anyone who is under 20 will stop paying social security taxes, will receive no return on what they have paid, and will receive no future benefits.

Any portion of the 12.4% Social Security tax that is not paid into social security will be mandated to go into a retirement mutual fund of some sort. We can put laws into place stating that people can not take money out of it until a certain age.

If you run these numbers for anyone they should work out. Let me know if you think you would be better off under social security. I am 31 and I would immediately give up any future benefits to be able to keep my 12.4%


If you have nay better suggestions let me know.
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Social Security

August 25th 2010 04:43
So I lost my first draft of this so here we go again.

I was reviewing my check stub a few days ago and realized that I am getting screwed by the Federal Government. They are stealing lots of money form me and giving me nothing in return. Although this could be attributed to many taxes, the focus on this article is the social security tax.

The Federal Government is currently taking 12.4% (My and Employer portion) to go toward social security. The big question is what will I get in return?

Lets look at some scenerio’s with the following information:

Average Income: $80,000
Status: Married
Years of working: 35
Retirement age:67

So Social Security says that if you work for 35 years and make an average of $80,000 over those 35 years, you will receive benefits of $2,220 a month. If your spouse stays at home (allows for most benefit form social security) they will receive half ($1,110) at retirement age. Think its sounds pretty good? But wait. Let’s compare that to some other numbers.

The amount that you have paid into Social Security is $347,200. This means that in order to break even you and your spouse have to get social security for over 8 ½ years. If you start drawing at different times this number changes.

How much does social security expect you to receive?

Social Security Benefit
(From Wikipedia.org)


By looking at the chart above, you can see that they expect you to receive $179,514 more in benefits than you paid in. This means they expect you and your spouse to draw social security for almost 22 years.

Remember, these numbers change if someone dies, they decide to change the benefits, or they change the tax structure. Also if you both earn money it will more than likely be less. Also, social security uses the last 35 years of earnings. If you retire early and take a lower paying job, or have passive income on which you do not pay social security, it may decrease the amount.

If you were given the money and allowed to invest it in mutual funds here is what you would end up with.

At age 67, after investing 12.4% for 35 years with a return of 8% you would have $1,909,688.02. If you only pulled 5% of this money to live off of you would start out receiving $7957.00 a month. You would not even be touching the balance so each year this would go up. The 8% is a very conservative number. If it was 10% you would have $3,165,985.54 and by taking 5% each year you would have $13,200 a month, and it would go up like before because you would not even be touching the principal.

How can anyone look at these numbers and not consider social security a bad plan?

Even if I was half wrong you would still be getting $4,000 a month. Under social security the best case scenario is $3,330 a month!!!!
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Gays

August 6th 2010 11:43
Want to know why America is not the great country it once was? It is because of judges like this. A vast majority of California (a very liberal state) voters want marriage to be between a man and woman. This judge thought he knew what was better:

Judge in gay marriage case subject to speculation


By LISA LEFF, Associated Press Writer Lisa Leff, Associated Press Writer – 1 hr 24 mins ago


SAN FRANCISCO – The federal judge who overturned California's same-sex marriage ban this week has been many things in his long career, including a lawyer who took the flame out of the Gay Olympics and a member of the powerful all-male Bohemian Club.

But after Chief U.S. Judge Vaughn Walker struck down the voter-approved ban known as Proposition 8, he became something else in the minds of some: a gay activist.

Rumors have circulated for months that Walker is gay, fueled by the blogosphere and a San Francisco Chronicle column that stated his sexual orientation was an "open secret" in legal and gay activism circles.

Walker himself hasn't addressed the speculation, and he did not respond to a request for comment by The Associated Press on Thursday. Lawyers in the case, including those defending the ban, say the judge's sexuality — gay, straight or in-between — was not an issue at trial and will not be a factor on appeal.

But that hasn't stopped opponents of same-sex marriage from including it in their criticism of the 66-year-old Republican jurist's ruling or the conjecture from taking on a life of its own.

The National Organization for Marriage, a group that helped fund Proposition 8, said it would use the California decision to revive the campaign to get Congress to pass a Constitutional amendment to outlaw same-sex marriage.

"Here we have an openly gay federal judge, according to the San Francisco Chronicle, substituting his views for those of the American people and of our Founding Fathers who I promise you would be shocked by courts that imagine they have the right to put gay marriage in our Constitution," Maggie Gallagher, the organization's chairwoman, wrote supporters.

The Gay and Lesbian Victory Fund, a political action committee for gay candidates, responded by alleging Gallagher "went after" Walker's sexual orientation "to belittle and dehumanize" gay Americans. The fund launched an online petition accusing her group of "gay-baiting."

But the debate raises the question: Why is sexuality different from other personal characteristics judges possess? Can a female judge rule on abortion issues? A black judge on civil rights? If you are a public figure, how open or circumspect do you have to be before others can peg you as "openly" straight or "openly" gay?

"The evidence shows that, by every available metric, opposite-sex couples are not better than their same-sex counterparts; instead, as partners, parents and citizens, opposite-sex couples and same-sex couples are equal," Walker wrote in his exacting, 136-page opinion.

Gerard Bradley, a law professor at the University of Notre Dame, published a Fox News column in the hours before Walker filed his opinion faulting the media for not forcing Walker to address if he had a personal interest in the outcome of the case.

"I am not saying that Judge Walker should have recused himself in Perry v. Schwarzenegger," Bradley said. "I am not saying so because nowhere (as far as I know) has Judge Walker volunteered or been made to answer questions about how the outcome of that case would affect his interest (whatever it is) in marrying."

Byran Fischer, issues director for the American Family Association, urged the groups members to contact their congressional representatives about launching impeachment proceedings because Walker had not recused himself from a case in which "his own personal sexual proclivities utterly compromised his ability to make an impartial ruling." Fischer lamented that "almost no other organizations other than the American Family Association are making an issue of this"

William G. Ross, an expert on judicial ethics and law professor at Samford University in Alabama, said that a judge's sexual orientation has no more relevance to his or her ability to rule fairly on a case involving gay marriage than it would for a deeply religious judge or a judge who had been divorced multiple times.

"Under the logic of the people challenging the judge's fitness to rule on a case involving gay rights because he or she was gay, one would have to find a eunuch to serve on the case, because one could just as easily argue that a heterosexual judge couldn't rule on it either," Ross said.

The Walker rumors got started last summer after Michael Petrelis, a San Francisco blogger and AIDS activist, wrote a post saying the judge's demeanor had triggered his "gaydar." In May, Petrelis snapped a picture of Walker having dinner with the head of a local AIDS organization at a restaurant in the city's predominantly gay Castro District.

Like many others, Petrelis interprets Walker's silence on the subject after the Chronicle's February column appeared to mean that the "open secret" is no longer a secret.

"I wouldn't say he is openly gay, but no denial, no statement no nothing after that appeared I think said to a lot of us, 'Yeah, he is gay and doesn't mind being called gay by the leading newspaper in town,'" Petrelis said.

Months before Walker struck down Proposition 8 as an unconstitutional violation of gay Americans' civil rights, members of the team defending the ban in court had complained about what they perceived as judicial bias.

Over their vigorous objections, Walker pushed to have the proceedings televised live, a plan the U.S. Supreme Court quashed at the last minute. Then, he refused to excuse as a witness a Proposition 8 supporter who had compared gays to child molesters during the 2008 campaign. Lawyers for the two same-sex couples who sued to invalidate the ban had called him to testify to try to prove the measure was fueled by anti-gay prejudice.

Nevertheless, the defense does not plan to raise the specter of the judge's sexual orientation as they appeal his ruling to the 9th U.S. Circuit Court of Appeals, said Jim Campbell, a lawyer with the defense team.

"The bottom line is this case, from our perspective, is and always will be about the law and not about the judge who decides it," Campbell said. "It's just something that collectively as a legal team we have decided and going up, that's what this case is. The appellate courts are going to focus on the law."

Walker has ruled in at least two other cases involving gay rights issues during his two decades as a judge. In 1999, he rejected arguments from the parents of a San Leandro boy who claimed their religious rights were violated by pro-gay comments their son's teacher had made in the classroom.

In the other case, he dismissed a free speech claim by two Oakland city employees whose managers had confiscated a bulletin board flier that promoted "natural family, marriage and family values." The city had "significant interests in restricting discriminatory speech about homosexuals," Walker wrote in his 2005 ruling.

Until this week, though, a cursory review of his legal work was more likely to produce references to a case that delayed his appointment to a federal judgeship by two years after he was nominated in the waning days of Ronald Reagan's presidency.

An outcry from gay activists angered by Walker representation of the U.S. Olympic Committee in a lawsuit against a gay ex-Olympian who had created an athletic competition called the Gay Olympics was a big reason for the delay. Walker won the case — the Gay Oympics became the Gay Games — then aggressively pursued legal fees by attaching a $97,000 lien to the home of the organization's founder while he was dying of AIDS.

The furor died down, although Walker occasionally became a magnet for liberal ire.

Observers usually describe him as a maverick who delights in keeping people guessing. They still are.

On the day he heard closing arguments in the gay marriage case, Walker smiled at the lawyers crowded before him at a pair of trial tables. Nearly five months had passed since the judge had heard the trial evidence.

The delay, while unfortunate, was perhaps appropriate, Walker said, a merry twinkle magnifying his cornflower eyes. "June, after all, is the month for...." He let his deep voice trail off. The predominantly gay courtroom audience froze.

Would he say it? In San Francisco, June means celebrating the gay pride the city wears like a Mardi Gras crown.

Walker waited a beat longer, savoring the pregnant pause.

"...weddings."
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14th Amendment

August 6th 2010 03:30
So the 14th Amendment of the US Constitution starts out:

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.

[ Click here to read more ]
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Anyone Can Run!!!

August 5th 2010 04:30
I am the first person to say that anyone should be allowed to run for any offie they want. But I am glad that not anyone can WIN!!!!! Recently the national media has cought wind of someone runnning for Governor of the state where I live, Tennessee.

The man's name is Basil Marceaux. Although people like him are the exception, not the norm, I think that many people in the country, and the world, think that people from Tennessee are like him


[ Click here to read more ]
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Amend the Constitution

August 4th 2010 16:24
So it seems that the people in Washington are finally listening to the cry form citizens about immigration. Here is a recent article.


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Refinancing

July 22nd 2010 14:40
So we bought our first house about two years ago. We put about 10% down and put the rest on a 20 year mortgage. Our interest rate is 6.375%.

So I am trying to figure out what to do. Rates in the US have dropped to an all time low. I can currently refinance for 3.875% for 15 years


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Tea Party Caucus

July 22nd 2010 05:01
So Rep. Michele Bachmann has founded the Tea Party Caucus. Whether this is a good or bad thing is vet to be seen.

She claims it is because people in the tea party movement say they are not being heard by Washington. The party is open to all parties and it formed to focus on lower taxes, smaller government, and things like that


[ Click here to read more ]
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Handicapped Parking

July 21st 2010 16:19
So I may be insensitive or missing the issue, so if I am please let me know.

I work in downtown Nashville, Tennessee. In order to park downtown you have to pay. Most people that work downtown pay a monthly fee at a parking lot to park. If you are going to be downtown for a short amount of time you can park on the street at one of the parking meters and pay in 15 minute increments


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More on immigration

July 15th 2010 13:08
Here is an interresting article I found today. I hope more states, including mine, join in!!!!


[ Click here to read more ]
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