Penalizing Families...a New Low For Radical Conservatives

Discussion in 'The War Room' started by POWER2, Aug 31, 2018.

  1. POWER2

    POWER2 Say it to me in GIFs.

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    By applying the "check cashing and car title loan" principle to parenthood, the GOP is now proposing that people rob themselves of the social security they may need in the future by using it do what ever parent ought to be able to do - stay home with your newborn.

    Jesus Christ, just start wearing Russian Letterman Jackets and propose a bill to turn the U.S. into an official member of the "Axis of Evil".

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    Rubio's paid family leave bill would have serious Social Security implications
    Senator Marco Rubio (R-Fla.) made waves this month by introducing a bill that would allow parents to use Social Security benefits to pay for new-parent leave.

    According to a new analysis from the Urban Institute, a Washington, D.C., think tank, Rubio’s Economic Security for New Parents Act would, in fact, provide meaningful help to new parents and would recoup its costs in the long term.

    But while this may not cost the government in the long term (at least in theory), it does come at a cost to individuals that would compound over time. The program would borrow from the Treasury in the short term running a deficit, but it would recoup costs and break even fully by raising the Social Security full retirement age for participants by “six months for each paid leave lasting two or more months” every time they take a leave.

    This would cut average lifetime retirement benefits by 3.2% each time a parent took a leave, the Urban Institute found, and “participants who took three two-month paid leaves would forfeit one-tenth of their lifetime Social Security retirement benefits.”

    The increases in the retirement age would cost the median Social Security beneficiary $910 annually.

    The way Rubio’s system works is people essentially borrow against future Social Security payments. (The payment would be 300% of a monthly Social Security disability benefit, which would replace four-fifths of a missing paycheck for a two-month leave.)

    Later on, the person starts paying them back when they first take Social Security. There would be interest: That’s why a two-month leave would balloon into a six-month retirement age delay. The analysis gives an example:

    A 29-year-old making $40,000 a year who retires at 67 would sacrifice around $17,550 for a $4,757 payment during the leave. This is about four times the amount borrowed.


    So how many people might actually participate? The Urban Institute looked to data from California’s paid family leave program to find an estimate. “Based on California’s experience, we estimate a 33% overall take-up rate for new eligible parents in our intermediate scenario,” the report said.

    This may be lower, it cautioned, as California does not require such a high cost for its program as a raised retirement age, making estimates challenging and putting a low-use scenario as low as 24%.

    Concerns about retirement
    “As concerns intensify about financial security at older ages, programs that divert resources from retirement merit special scrutiny,” the paper’s authors wrote.

    Though Social Security has played a vital role in making sure senior citizens are taken care as they age, any weakening of its finances is problematic problem, especially since many workers retire earlier than expected, may not have other retirement savings, or may have chronic conditions and disabilities.

    The retirement age move would also hit people who want to take Social Security on the early side, as the early Social Security age would change as well. (The earliest a person can start taking Social Security is 62.) “Having to delay Social Security retirement benefit take-up can create financial hardships for some older adults,” the report says. “Three-quarters of employed adults ages 51 to 55 develop a work disability or new chronic condition or lose their job by age 62, limiting their ability to work longer.”

    The think tank ultimately notes the strong case for paid leave for new parents — as is the case in “every other developed nation,” it says — but that Social Security may not be the best way given the potential retirement crisis it could precipitate and the fact that it could cause Social Security to turn into a “forced savings program.”

    “Should we ask parents to self-finance investments in the next generation by borrowing from their retirement,” the authors muse, “or should we assume greater collective responsibility, as other high-income nations do?”
     
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  2. Quequeg

    Quequeg Double Yellow Card Double Yellow Card

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    Republicans gonna Republican.
     
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  3. Darth_Inv1ctu5

    Darth_Inv1ctu5 I will shit on everything you love

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    This sounds pretty stupid to me. Then again, literally every maternity/paternity option in this country is laughably pathetic compared to pretty much the entirety of Europe, so I guess it's just another stupid entry in a ballot full of stupid entries.
     
  4. Rod1

    Rod1 Titanium Belt

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    US doesnt needs to incentivize motherhood because it imports truckloads of adults every year.

    Funny how the same party that rails against immigrants, makes them necesary in the first place.
     
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  5. Quequeg

    Quequeg Double Yellow Card Double Yellow Card

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    Republicans hate the non rich yet convince many of them to vote for them, never understand it.
     
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  6. POWER2

    POWER2 Say it to me in GIFs.

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    This one will guarantee that millions of Americans struggle in their most vulnerable years as senior citizens.
     
  7. POWER2

    POWER2 Say it to me in GIFs.

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    Nothing you said here makes sense. lol
     
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  8. Ripskater

    Ripskater Johnny Mac's friend Banned

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    I never understood paternity and maternity leave pay. When a couple has no kids, save money for the future when mom stays home with her baby. It’s not got a job to pay you. And especially not govt’s job to pay for paternity leave.
    If you want time off to help your wife, save up the money so you can. Entitlement mentality is spreading and it’s a curse on all western societies
     
  9. Pessimystic

    Pessimystic Asteroid Belt Banned

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    Is this proposed bill requiring people to do so?
    I may have missed it, but it sounds like he is offering a choice.
     
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  10. Ripskater

    Ripskater Johnny Mac's friend Banned

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    Edit: It’s not govt’s job to pay you
     
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  11. Farmer Br0wn

    Farmer Br0wn Farmer Br0wn belt

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    Everything has a cost.

    Why is anyone acting surprised that drawing from a retirement account before retirement, will cost the person drawing from it more than it would have otherwise cost.

    No free lunch in this life.
     
  12. POWER2

    POWER2 Say it to me in GIFs.

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    If the bill passes, businesses will push for all existing parental leave legislation to be scrapped. It would no longer be a choice for anyone that knows anything about infant development. If you want your child to do well later on, and you want to personally be productive as possible, you should be spending time with your baby when he/she is first born. The amount of research supporting this is staggering. And only in America are we playing these bullshit political games with our own children's lives.
     
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  13. SBJJ

    SBJJ Gold Belt

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    It’s voluntary
     
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  14. Rygu

    Rygu R.I.P. Obie Platinum Member

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    They could just save up that $4757 before they decided to have a kid and bypass touching their SS.
     
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  15. Quequeg

    Quequeg Double Yellow Card Double Yellow Card

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    Except for farm subsidies and Trump bailouts.
     
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  16. Pessimystic

    Pessimystic Asteroid Belt Banned

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    The "quote" and "reply" functions aren't showing for me so


    @Farmer Br0wn

    Remember who you are discussing, lol.
    Everything should be free and supplied by mommy government, according to leftoids.
     
  17. POWER2

    POWER2 Say it to me in GIFs.

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    So, it's clear that you don't know how retirement accounts, social security or employer sponsored parental leave works.

    If we apply your logic, corporations used to say that employees didn't need benefits or ironically enough - a lunch break. Because you know, everything costs something and if you want a lunch break, I'm going to have to pay you less all day. And if you want benefits you're going to have take that salary I give you to feed your family and save all of it.

    That's not how this works in a democracy built on decency. Please, please, if you know you only have a GED, refrain from political decisions. lol
     
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  18. Pessimystic

    Pessimystic Asteroid Belt Banned

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    @SBJJ

    Right, I thought as much. Kinda nullifies TS's outrage.

    Thank you.
     
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  19. POWER2

    POWER2 Say it to me in GIFs.

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    Somewhere your employer is smiling. You're making him proud. He's going to offer a nickel an hour raise ....spread out over the next decade.
     
  20. Gutter Chris

    Gutter Chris Chiropteran Enthusiast

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    makes perfect sense

    We need immigrants to keep society going because one party that talks about being all family values keeps making it harder and harder for people to raise and support a family

    That very same party I am talking about also hate immigration and wants to control the numbers greatly

    Its absurd
     

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