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Old 03-14-2016, 06:48 AM
 
Location: Florida
5,886 posts, read 2,737,559 times
Reputation: 7112

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Quote:
Originally Posted by jasperhobbs View Post
And Elvis is really alive and using bigfoot as a disguise.
Remember Y2K? I invested in beer !
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Old 03-14-2016, 07:19 AM
 
13,879 posts, read 7,391,112 times
Reputation: 25356
Social Security isn't going away. If you look at the wealth and savings of late-Boomers and Gen Xers, 60% would starve as retirees without Social Security. Will the retirement age go up? Yep. Will benefits be means tested and 100% taxed? Yep. Medicare is where the bloodbath is most likely to happen. 30 years from now, the free or near-free stuff the bottom 60% uses won't cover much. It will be very expensive to supplement that to bring it up to today's level of coverage.

It's pretty simple. Today, there are 4 3/4 workers for every retiree. In 2050, there will be 2 3/4. What we have now is not sustainable. It won't go away but it won't be as generous as today. It would be politically impossible to kill a program every taxpayer has been paying into for decades and gets the statement telling them what their pension will be. Medicare, not so much.
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Old 03-14-2016, 08:09 AM
 
Location: Baltimore, MD
3,745 posts, read 4,215,210 times
Reputation: 6866
Quote:
Originally Posted by TuborgP View Post
https://www.washingtonpost.com/news/...roposal-flops/



How do you cut current SS and Medicare spending without impacting current beneficiaries?
Great article. This part is even scarier

"Instead they are calling for long-shot changes to House rules that would likely fail if put to a vote on the House floor with Democrats and many moderates voting against the changes. Several members said the requests laid out by Rep. Tom McClintock (R-Calif.) would allow the House to make changes to mandatory programs, like Social Security and Medicare, through the annual (emphasis added) appropriations process."

Please, please, please let the House vote for this some time after the Presidential nominations but before the general election...
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Old 03-14-2016, 08:25 AM
 
29,772 posts, read 34,856,103 times
Reputation: 11682
Quote:
Originally Posted by lenora View Post
Great article. This part is even scarier

"Instead they are calling for long-shot changes to House rules that would likely fail if put to a vote on the House floor with Democrats and many moderates voting against the changes. Several members said the requests laid out by Rep. Tom McClintock (R-Calif.) would allow the House to make changes to mandatory programs, like Social Security and Medicare, through the annual (emphasis added) appropriations process."

Please, please, please let the House vote for this some time after the Presidential nominations but before the general election...
Yeah, lots of folks in the forum are not really paying attention to discussions in the House and if a certain unpopular with their colleagues Senator whens the nomination and election look out. These are his peeps.
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Old 03-14-2016, 10:37 AM
 
Location: Florida
4,103 posts, read 4,272,808 times
Reputation: 10055
Any congress that allowed SS to fail would be putting a noose around their own neck.
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Old 03-14-2016, 11:31 AM
 
29,772 posts, read 34,856,103 times
Reputation: 11682
Quote:
Originally Posted by thatguydownsouth View Post
Any congress that allowed SS to fail would be putting a noose around their own neck.
Along with ours
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Old 03-14-2016, 11:32 AM
 
210 posts, read 150,713 times
Reputation: 628
It's funny to me how politicians harp on "personal responsibility" then try to get their agenda passed in such a way that they can claim somebody else wanted the agenda.
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Old 03-14-2016, 12:42 PM
 
Location: Ohio
19,883 posts, read 14,224,806 times
Reputation: 16076
Quote:
Originally Posted by RiverBird View Post
The boomer gen is savvy enough not to fall for this, but many of our parents' gen may. It's them we should warn.
Quote:
Originally Posted by Escort Rider View Post
There are naive, ignorant people in every generation, just as there are savvy people in every generation.
Yes, indeed.

Quote:
Originally Posted by ansible90 View Post
I wish I knew if the people who write/publish this stuff really believe it, or are they just trying to scam people into their worldview/government-view without any sense of morality or ethics.
I don't know for certain, but I'd suspect a small fraction truly believe. The rest are in it for the money.

I'd also suspect that until Congress acts on Social Security, there will be many more scams and scare tactics out there.
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Old 03-14-2016, 02:35 PM
 
Location: Prosper
6,268 posts, read 12,903,757 times
Reputation: 9377
The US government quietly makes changes to SS from time to time to help maintain it's current levels of benefits. One of them goes into effect April 30th, the "file and suspend" tactic is going away, which allows filers to maximize their benefits. They're also getting rid of "restricted applications."

Based on my parents figures, future filers will be receiving about 12% less per month than my parents will after age 70, all other things being equal.
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Old 03-14-2016, 03:30 PM
 
71,508 posts, read 71,674,131 times
Reputation: 49084
only 8% of filers used file and suspend or restricted application so all in all not much changed
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