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Old 05-13-2017, 06:38 AM
 
Location: Proxima Centauri
2,329 posts, read 959,477 times
Reputation: 2417

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I had a recent conversation with a one percenter. He said that the recession of 2008 weakened the SS trust fund sufficiently to create a danger during the mid twenties. This danger would reduce payouts by 25%.

I've started emailing my Senators and Congressman holding them responsible for Social Securities future.
We spend more on defense than the next seven countries combined. There should be money found for Social Security.
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Old 05-13-2017, 06:41 AM
Status: "Nevertheless, America's baseball team -- roar, Tigers, ROAR" (set 4 days ago)
 
Location: Topton and Nescopeck, Penna.
9,461 posts, read 5,350,511 times
Reputation: 12013
Anyone with any sense should have recognized years ago that Social Security was never intended to be the primary source of retirement funding.

Last edited by 2nd trick op; 05-13-2017 at 06:51 AM..
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Old 05-13-2017, 06:45 AM
Status: "Last of the Bull Moose" (set 10 days ago)
 
2,427 posts, read 442,926 times
Reputation: 1103
Quote:
Originally Posted by 2nd trick op View Post
Anyone with any sense learned years ago that Social Security was never intended to be the primary source of retirement funding.
It was intended as an insurance against poverty. The Republican party opposed it's creation at the very beginning, and has been trying to kill it ever since.
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Old 05-13-2017, 06:47 AM
 
Location: Central Mexico and Central FL
3,545 posts, read 1,400,813 times
Reputation: 4765
If you want a secure SS system, vote for Dems.

Ryan and the GOP want to privatize SS and also make Medicare a voucher program.

President Bonkers said he won't touch SS or Medicare, but he's a known liar. Look what he did to get his Health Care passed. He always said he'd mandate protection for people with pre-existing conditions, but when the GOP conservatives told him to let states decide whether to keep or get rid of pre-existing condition rules, he let them have their way.

He will cave the same way on SS and Medicare.
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Old 05-13-2017, 06:47 AM
 
Location: Sherman Oaks, CA
6,075 posts, read 14,079,160 times
Reputation: 7645
When Social Security was first introduced, life expectancy was a lot lower than it is today. It only had to cover people for an average of five years. Now, with people living well into their 80s and sometimes 90s, yes, this program is in trouble. Something needs to be done, but considering what Republicans have done to repeal ACA, I wouldn't trust them to revamp Social Security. As it is, we're going to see a lot of older homeless people in the next twenty years if safety nets aren't put into place.
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Old 05-13-2017, 06:48 AM
 
Location: Proxima Centauri
2,329 posts, read 959,477 times
Reputation: 2417
Quote:
Originally Posted by 2nd trick op View Post
Anyone with any sense learned years ago that Social Security was never intended to be the primary source of retirement funding.
Would have, could have, should have. I've been luckier than most in being able set aside money. It's still not enough if there's a cut. For many it will be all that they have.
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Old 05-13-2017, 06:52 AM
 
Location: Houston
19,125 posts, read 8,640,408 times
Reputation: 7314
Quote:
Originally Posted by dothetwist View Post
If you want a secure SS system, vote for Dems.

Ryan and the GOP want to privatize SS and also make Medicare a voucher program.

President Bonkers said he won't touch SS or Medicare, but he's a known liar. Look what he did to get his Health Care passed. He always said he'd mandate protection for people with pre-existing conditions, but when the GOP conservatives told him to let states decide whether to keep or get rid of pre-existing condition rules, he let them have their way.

He will cave the same way on SS and Medicare.
If SS had been privatized 40 years ago I could retire today.
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Old 05-13-2017, 06:53 AM
 
Location: Proxima Centauri
2,329 posts, read 959,477 times
Reputation: 2417
Some of you have the clarity of thought to understand that the Republicans are the enemy of SS and Medicare. Why do so many old people vote against their own interests?

Can I get some of you to email your reps in an effort to save SS?
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Old 05-13-2017, 06:56 AM
 
Location: The South
3,301 posts, read 2,386,214 times
Reputation: 4782
Quote:
Originally Posted by dothetwist View Post
If you want a secure SS system, vote for Dems.

Ryan and the GOP want to privatize SS and also make Medicare a voucher program.

President Bonkers said he won't touch SS or Medicare, but he's a known liar. Look what he did to get his Health Care passed. He always said he'd mandate protection for people with pre-existing conditions, but when the GOP conservatives told him to let states decide whether to keep or get rid of pre-existing condition rules, he let them have their way.

He will cave the same way on SS and Medicare.
He sure did tell lies duing his eight.
Obama: 'If you like your health care plan, you'll be able to keep your health care plan' | PolitiFact
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Old 05-13-2017, 06:57 AM
 
Location: Mount Airy, Maryland
6,623 posts, read 3,655,274 times
Reputation: 9065
I have no idea why so many think SS will not be there for them. Especially if you are anywhere close to file date any changes will be for those younger. It's kind of political suicide to take away benefits seniors have earned over a lifetime of contributions.


As for it's design never to be the main source of retirement income the fact is many senior rely heavily on SS for the majority or all of their retirement income. The median married couple or individual recipient age 65 and over relies on Social Security for 67% of their income.


http://www.epi.org/publication/ib206/
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