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Old 08-26-2011, 09:35 PM
 
12,671 posts, read 21,075,083 times
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Quote:
Originally Posted by purehuman View Post
Come october 1st..there won't be unemployment...welfare...medicaid....and a huge pile of other social programs.....get ready folks, it's coming at ya!
You are joking right? What is your source?
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Old 08-27-2011, 06:45 AM
 
Location: Bar Harbor, ME
1,922 posts, read 3,782,834 times
Reputation: 1292
Quote:
Originally Posted by Escort Rider View Post
Are you aware there is no such thing as "free" medical care, whether preventive or not? Someone is always paying for it, mostly the general taxpayers. The entitlement mentality reflected in your post is a large part of what's wrong with this country.
Social security is not an entitlement program. I've paid into social security for 40 years.

Hover-round chairs for anyone who became disabled IS and entitlement program. GET RID OF PAYMENTS FOR ANYONE WHO DIDN'T PAY INTO THE SYSTEM. Only provide the minimum services that we've paid for as a result of our premiums.

The SSA does not provide me a decent retirement living. Heck, it barely pays my health care.
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Old 08-27-2011, 10:27 AM
 
8,211 posts, read 11,932,798 times
Reputation: 18044
Quote:
Originally Posted by Zarathu View Post
Medicare and Soicial security should only exist for those who paid into the system. Now it exists for every tom dick and jeanie who might have some special need like hover-round chairs.
WTH are you talking about now? This makes even less sense than your post about Maine teachers losing all of their Social Security benefits if they have a public pension not based on SS.
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Old 08-27-2011, 10:58 PM
 
12,671 posts, read 21,075,083 times
Reputation: 2625
Why is Social Security called Social Security? It should be Financial Security.
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Old 08-28-2011, 07:04 AM
 
Location: Los Angeles area
14,018 posts, read 17,763,041 times
Reputation: 32309
Quote:
Originally Posted by Texas User View Post
Why is Social Security called Social Security? It should be Financial Security.
Good point, but I think the answer is that providing financial security for old people helps keep the social fabric together. Can you imagine old people rioting because they're homeless and eating out of trash cans?
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Old 08-28-2011, 08:49 AM
 
10,840 posts, read 14,882,451 times
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Quote:
Originally Posted by Texas User View Post

A lump sum check for life?
Not for life, based on my life expectancy.

Purely as an example, say it was age 73.

Since my S.S. is $12,720 per year, just send me a check for the number of years left, before I reach 73. (73 - X = Y x $12,720 = Z)
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Old 08-28-2011, 10:15 AM
 
Location: Los Angeles area
14,018 posts, read 17,763,041 times
Reputation: 32309
Default Why Social Security does not, and cannot, give lump sums.

Quote:
Originally Posted by howard555 View Post
Not for life, based on my life expectancy.

Purely as an example, say it was age 73.

Since my S.S. is $12,720 per year, just send me a check for the number of years left, before I reach 73. (73 - X = Y x $12,720 = Z)
The whole point of Social Security is to provide a measure of financial security in old age. While you personally may manage your hypothetical lump sum wisely, what about people who would blow theirs? Then they would be destitute in old age and it would fall to the taxpayers to support them anyway, and their SS money would have been wasted. It just would not work on a national scale, and that's why there are no lump sums. You can argue that some people spend their monthly benefits unwisely and wastefully too, and of course I'm sure many do just that, but at least the next month something is still coming in and presumably at least part of it gets spent on basic necessities.
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Old 08-28-2011, 04:00 PM
 
10,840 posts, read 14,882,451 times
Reputation: 5095
Quote:
Originally Posted by Escort Rider View Post
The whole point of Social Security is to provide a measure of financial security in old age. While you personally may manage your hypothetical lump sum wisely, what about people who would blow theirs? Then they would be destitute in old age and it would fall to the taxpayers to support them anyway, and their SS money would have been wasted. It just would not work on a national scale, and that's why there are no lump sums. You can argue that some people spend their monthly benefits unwisely and wastefully too, and of course I'm sure many do just that, but at least the next month something is still coming in and presumably at least part of it gets spent on basic necessities.
No, it would not work on a national scale or even a one town scale.
I was just telling the other member I'd take a one time check, if they offered it. I might mis-manage my own, who knows.

I worked an hourly job and that is my only pension and it is about $48 a month at age 62, or $80 at age 65. They had a rule that if the total expected payout was to be under $5000, they would make a one time lump sum payment. I worked there 14 years, so mine must be over $5000, so I'll have to take the small monthly checks.

To give an example of how some people, organizations, or maybe government agencies think about the elderly, I know a lady and the church next door wanted to buy her house for a parking lot. The two beside her sold out, but she held firm. It was her home and she was not going to sell. She went to another church anyway, so the Sunday morning traffic around her house in the parking lot, was not an issue. She finally sold out. They gave her a condo to live in, for as long as she is alive.
They surely hoped she would not live a year past the date they put her in the condo. Hopefully she lives to be 110 and the church suffers the financial consequences of pressuring those people to sell their own homes.
Out of the line of 5 houses, 4 sold to the church, and the other one is still there.
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