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Old 03-04-2011, 10:26 PM
 
9,881 posts, read 9,170,875 times
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There is no money. Paying into social security was never a guarantee that you would receive a check. If there was an income guarantee there is no way that Bill Clinton would have allocated that money to other things.
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Old 03-04-2011, 10:31 PM
 
Location: Great State of Texas
86,093 posts, read 73,695,182 times
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You might want to include boomers as well. They are just starting to hit 65 this year.
No way is there enough SS for the largest generation to start retiring.
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Old 03-04-2011, 10:33 PM
 
9,881 posts, read 9,170,875 times
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Quote:
Originally Posted by HappyTexan View Post
You might want to include boomers as well. They are just starting to hit 65 this year.
No way is there enough SS for the largest generation to start retiring.
You're right. My bad.
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Old 03-04-2011, 10:40 PM
 
48,516 posts, read 85,173,703 times
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This is somethign new. In fact if you keep up with it;medicare and medicaid are inmcu worse shape in the future. Especially medicaid has it's not funded in anyway by those who receive it other than the general fund both state and federal.Medcaid esepcailly on the state level as millon are scheduled in the new healthcare law to be forced into the system.If it goes thru as mandated than many more entitlents are in even much more danger of being cut than any of these three as they are purely taxpayer general funded and of lessor priority.
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Old 03-04-2011, 10:41 PM
 
Location: Great Falls, Montana
3,983 posts, read 3,427,703 times
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Quote:
Originally Posted by HappyTexan View Post
You might want to include boomers as well. They are just starting to hit 65 this year.
No way is there enough SS for the largest generation to start retiring.
Ironic .. those who paid in the most (boomers), will end up not getting anything ..

As for the Xer's, and Yer's? .. heh .. they might actually have to innovate and/or learn critical thinking on the fly in order to survive ..
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Old 03-04-2011, 10:47 PM
 
48,516 posts, read 85,173,703 times
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One of the biggest innovations for gen X and Y will be funding a mortgage without government guarantee of loans as is being discussed nowby the treasury backed changes coming very soon.
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Old 03-04-2011, 10:51 PM
 
Location: Great Falls, Montana
3,983 posts, read 3,427,703 times
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Quote:
Originally Posted by texdav View Post
One of the biggest innovations for gen X and Y will be funding a mortgage without government guarantee of loans as is being discussed nowby the treasury backed changes coming very soon.
Yes .. They might actually have to get off of their dead asses and go out and "find a job"
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Old 03-04-2011, 10:56 PM
 
Location: Portland, Oregon
7,090 posts, read 10,873,407 times
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SS has always been a type of savings plan, even after taken from a savings account to a transfer payment situation, by paying in a portion of wages while they labored in order to keep those who didn't save otherwise in basic sustenance living conditions. Are you saying those who value honor and integrity will take the money of others and then state they will never get those savings back as basic living payments?

Feel free to try it, but for the people who are living off of the labor of those working now and state freely they should expect nothing when they stop their labor...be sure that you are willing to live on the streets.
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Old 03-04-2011, 10:56 PM
 
Location: Chicago
4,091 posts, read 3,513,894 times
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It is the baby boom generations fault.
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Old 03-04-2011, 10:59 PM
 
9,881 posts, read 9,170,875 times
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Quote:
Originally Posted by subsound View Post
SS has always been a type of savings plan, even after taken from a savings account to a transfer payment situation, by paying in a portion of wages while they labored in order to keep those who didn't save otherwise in basic sustenance living conditions. Are you saying those who value honor and integrity will take the money of others and then state they will never get those savings back as basic living payments?

Feel free to try it, but for the people who are living off of the labor of those working now and state freely they should expect nothing when they stop their labor...be sure that you are willing to live on the streets.
Social security ceased to be a savings plan when funds were pilfered.
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