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Old 03-25-2008, 10:05 AM
 
Location: Tennessee/Michigan
28,220 posts, read 47,641,499 times
Reputation: 19730

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WASHINGTON - The trustees of Social Security and Medicare are certain to kick off a fierce round of debate when they release their annual assessment of the fiscal health of the government's two biggest benefit programs.

Soc. Sec. report to eye benefit programs - Yahoo! News (broken link)
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Old 03-25-2008, 12:12 PM
 
116 posts, read 402,044 times
Reputation: 83
Default Lets just work full time until we are 90

All over the Internet are messages and editorials calling social security a welfare program and telling everyone we would do better if it were eliminated. Of course people who are saying this are financially well off or do not know what it would feel like at age 70 getting out of bed and trying to compete for full time jobs with immigrants and young people who work two jobs. I see little opportunity for the average person to survive without social security paying at least half of their retirement income needs. Especially in the future as food and fuel prices makes a middle class lifestyle almost impossible for senior citizens.
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Old 03-25-2008, 01:12 PM
 
Location: Backwoods of Maine
7,118 posts, read 8,165,408 times
Reputation: 18774
Post We Paid For It! I'm Still Paying!

Welfare - heck no! I was shocked, a few years back, when my wife pointed out to me what was appearing on my pay stub - which I always tossed and never looked at. Social Security and Medicare together take more out of my pay than the IRS does! Don't anybody tell me this is "welfare"! This money was withdrawn all these years, as a mandatory thing which I had nothing to say about.

When I think back on a life of almost 40 years of work, with at least 2 more to go, I wonder - if I'd had the freedom to sock that money in an IRA instead, how much better off would we be in retirement? I'll probably collect Social Security for a few years, but I'll start right off at 62 instead of waiting till 66. However, for some time now, I have not been considering it as funding for my retirement. It will last until it's not there any more. Thankfully we both have other sources of funds, small as they will be!
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Old 03-25-2008, 05:01 PM
 
Location: home...finally, home .
8,236 posts, read 18,527,559 times
Reputation: 17765
puleezzzee, Don't let them do this until November 7th of this year . Whewwww. I'll be in the clear, then.
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Old 03-25-2008, 06:47 PM
 
48,516 posts, read 83,999,418 times
Reputation: 18050
This has been a issue for years.That is why Bush had to propose a plan after getting elected by law. It failed and the democrats even then deied social securtiy is in trouble. The probalm is even worse for medicare and medicaid.When it hits like the moprtgage crisis the congress will go into action by pointing fingers.
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Old 03-26-2008, 02:17 AM
 
16,437 posts, read 19,152,562 times
Reputation: 9520
Quote:
Originally Posted by texdav View Post
congress will go into action by pointing fingers.
Every two years we select our own future by who we elect. If they ignore us, get rid of them.
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Old 03-26-2008, 10:37 AM
 
Location: Colorado Springs
46 posts, read 102,895 times
Reputation: 34
Default Greed

People who have plentiful assests, whether earned or inherited, are usually the people who complain the most about programs such as SS and Medicare. They scream the loudest for elimination of the inheritance tax, capital gains tax, dividend tax, luxury tax, ad nausem. Now why do they complain so? I wonder who would benefit from eliminating "wealth taxes". Oh, of course, it is the "trickle down" theory of economics. They will spend the extra money employing the rest of us, at minimum wage, to mow their lawns, clean there homes and swimming pools, pick up their trash, and groom their poodles. No wonder they call the theory the LAFFER Curve. The laugh is on us. Also, the payroll deductions for SS are capped way below what the wealthy earn. And have a great day!
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Old 03-27-2008, 02:46 PM
 
48,516 posts, read 83,999,418 times
Reputation: 18050
They have know this in congres for years now. When Bush was offical notified by the trustees as required by law several yeras ago;he responded with a plan to allow younger people to invest some of their money. The democrats said there was no problem. The congressional commission on SS said that either payroll taxes had to be increased or bene fits lower. I the end they will do nothing again.
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Old 04-03-2008, 09:28 AM
 
1,861 posts, read 3,025,711 times
Reputation: 559
I think there's about 30% of retirees that live on SS alone.

How can anyone who is not rich live without it? I always imagine in my mind how it would be to interview for jobs at 75 (limping and half-blind). My SS will probably cover almost 50% of my retirement, and that's including having a PT job and having a pension.

Those "elites" figure if THEY are so rich, we can all be rich. Huh? Kind of illogical, as Spock would say.
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