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Old 08-18-2012, 09:56 AM
 
8,629 posts, read 9,134,034 times
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Quote:
Originally Posted by Memphis1979 View Post
The only problem with social security is that its given to people at way to young of an age.

Life expectancy when it was enacted was 62. We've raised that to 65 over all these years. But life expectancy is up over 70.

Thats the problem with social security, not that it lacks money, not that its welfare. It was designed to help families of elderly americans take care of them when they could no longer physically work.

I see a lot of 68 year olds who can physically work.
It is now 67 years of age for many. True, many 68 year olds can work, many can't. Many never make it to 60. Face it, a large majority of employers will not hire those in their 60s, in-fact many are put out to pasture instead. Many who worked their entire lives doing hard physical work will not last much after the age of 50 let alone up into their 60s.
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Old 08-18-2012, 10:02 AM
 
Location: Sango, TN
24,868 posts, read 24,382,997 times
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Quote:
Originally Posted by jmking View Post
It is now 67 years of age for many. True, many 68 year olds can work, many can't. Many never make it to 60. Face it, a large majority of employers will not hire those in their 60s, in-fact many are put out to pasture instead. Many who worked their entire lives doing hard physical work will not last much after the age of 50 let alone up into their 60s.
McDonalds hired my grandmother at 66, and then the family dollar hired her two years later at 68.

I'm not saying all can work, but we have disability for those folks, right? Sure, not everyone gets disability, but we should follow a doctors opinion over lawmakers in Washington, right?
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Old 08-18-2012, 10:56 AM
 
8,629 posts, read 9,134,034 times
Reputation: 5986
Quote:
Originally Posted by Memphis1979 View Post
McDonalds hired my grandmother at 66, and then the family dollar hired her two years later at 68.

I'm not saying all can work, but we have disability for those folks, right? Sure, not everyone gets disability, but we should follow a doctors opinion over lawmakers in Washington, right?
No one on SS at or beyond retirement age is collecting SSDI. One only collects SSDI before they are entitled to SS. What many people seem to block out of their minds is SS is an insurance policy. Many dolts will call it welfare but its not even close to it. Even Ryan collected on his father's insurance policy when he died, as he should have and that was SS.
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Old 08-18-2012, 12:34 PM
 
197 posts, read 212,960 times
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Somehow I'm not sure that there are that many who have an overwhelming burning desire to work at McDonalds. Especially at age 66. Are you saying that people should/must work there rather than drawing social security? Or could it be that sometimes social security benefits are so low that one must work there?
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Old 08-18-2012, 02:06 PM
 
Location: Pa
20,300 posts, read 22,217,585 times
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Quote:
Originally Posted by mohawkx View Post
Thy've been doing a pretty good job of it for the last 75 years. If you had a business that had 100 percent satisfied customers for 75 years running, I'd think that was a successful business.
100% satisfied customers? Stand in line at a convenient store as seniors whine about SS.
Trusting the Gov with your future is like trusting a pick pocket with your wallet.
None of my retirement plans hinge upon SS payments. NONE.... If I get what they claim then great, but I will never trust professional liars to do anything but lie.
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Old 08-18-2012, 03:52 PM
 
635 posts, read 539,390 times
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Quote:
Originally Posted by thrillobyte View Post
Most Americans are under the impression that just because they paid into SS it gave them the right to collect benefits for the rest of their lives. The common line goes, "I paid for SS. I have a right to be paid benefits."

Here's the language from the original bill, of the Social Security Act of 1935, that shoots holes in their dreams of unfettered checks from the govt until they die. It's from Section 1104:



Moreover, in Flemming v. Nestor (1960) the Supreme Court "established the principle that entitlement to Social Security benefits is not contractual right." In delivering the Court's opinion, Justice Harlan wrote:



"What this means is that payroll taxpayers have no right to Social Security benefits whatsoever; they are owed nothing; they have no contractual rights, no ownership -- and no recourse should Congress end the program."

Ryan talks about keeping people over 55 on SS and weaning the young off it. Many of us suspect that underneath all this political hay is a devious Republican plan to eliminate SS/Medicare as quickly and stealthily as possible for both young AND old--and the sooner, the better.
Duh? Unless it's in the constitution, you don't have a right.

Your only rights concerning SS would be related to procedural due process.
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Old 08-18-2012, 07:29 PM
 
Location: Prepperland
19,022 posts, read 14,198,297 times
Reputation: 16747
Socialist Insecurity was a "Tax and bribe" scam from day one.
It was a dodge to get a NEW TAX enacted in the midst of the Depression.
The age of retirement, 65, was deliberately chosen based on actuarial tables showing life expectancy of 59/61, meaning the majority of tax payers would NEVER see a dime of "benefit". It wasn't even a tontine, since there was no guarantee of payout.
However, it DID impose a boatload of obligations for participation, including the one that eradicated the right to object to the tender of worthless Federal Reserve Notes. (Look up "Contribution" in a legal dictionary sometime. Then reconsider the terminology of FICA, since it was NOT insurance for the participant.)
Let's not forget that being eligible for entitlements (benefits) makes the recipient into a pauper at law. Coincidentally, FDR abolished the requirement for the Pauper's Oath after folks signed up with FICA / Soc Sec.
The best part of the scam was that participants were misled to presume they "paid into" a trust fund, and thus were "owed" consideration.
Yup, we're stoofid sheeple.

...............................
"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305
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