Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
i agree , social security is sacred in this country.. everything else may get cut but you can pretty much take it to the bank the system will always be funded. the ramifications of not doing it is the end of civilization in america.
When the government taxes job creators to the point they either don't hire or outsource to India, jobs dry up. When jobs dry up, money isn't going into the coffers.
Recently I have started two threads. One about the death of a spouse on income and the other asking will your assets grow or decline in retirement. One of the primary reasons I asked is the topic of this thread. As the Boomers hit their 80's and become increasingly single will they also become increasingly withour resources and is that another ticking time bomb. What looks ok now COULD really turn negative in the out years.
WASHINGTON (AP) — Social Security is rushing even faster toward insolvency, driven by retiring baby boomers, a weak economy and politicians' reluctance to take painful action to fix the huge retirement and disability program.
The trust funds that support Social Security will run dry in 2033 — three years earlier than previously projected — the government said Monday.
Well I'm relieved. By that time I'll be 87 and probably won't care, much less be aware.
Recently I have started two threads. One about the death of a spouse on income and the other asking will your assets grow or decline in retirement. One of the primary reasons I asked is the topic of this thread. As the Boomers hit their 80's and become increasingly single will they also become increasingly withour resources and is that another ticking time bomb. What looks ok now COULD really turn negative in the out years.
What Medicare really needs is better watchdogs. I work in a LTC/Rehab facility and I see the waste every day. These 100 day stays need to be rexamined. Instead of more aggressive Rehab for some of these patients, given the facility is granted 100 days, they can delay the rehab until the 100 days runs out. And I've seen that happen, any number of these people should have been released much sooner, but as long as the money keeps flowing in, what's the rush!!!
Even cutting back to 60 or 90 days would save a heap of money for Medicare!
As for Social Security, retirees may want to rethink retiring in these HOA controlled 55+ communities, and opt for a much bigger house with the prospect sharing the house with a number of other seniors, due to Social Security benefits being reduced or drying up. Communal type living we're talking about!
Last edited by tijlover; 04-24-2012 at 08:16 PM..
Reason: Add lines
Don't have a negative outlook personally but I am aware of the stress on SS and pensions and realize that modifications COULD be coming and that I should be prepared for. That is neither positive nor negative but a reality check to be aware of. I am really quite positive and planning contingencies has helped to keep me that way.
The reduction of the payroll tax these past two years (2011 and now 2012) probably hasn't helped.
You're dead right, and it's telling that the media has avoided even mentioning that fact while reporting the short fall in SS funding. Tell me the game isn't rigged. They are causing SS to fail and intend to default.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
