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Does anyone under 40 with a brain actually believe Social Security will be available when they retire?
Social Security IS a ponzi scheme.
It currently has enough money to pay out 100 percent of benefits until 2037 and 77 percent of benefits thereafter, so I think it's good. (It can be fixed to pay out 100 percent of benefits for the foreseeable future with some relatively minor tweaks.)
Have you actually done some real research on this topic? Or just listened to someone spouting off some Republic rhetoric. I'm 35, and I assumed it wouldn't be there for me until I actually researched the matter and saw the actuary tables. It will be there unless the Republics find a way to steal it -- which they probably won't. Some Americans are suckers, but not enough of them.
It currently has enough money to pay out 100 percent of benefits until 2037 and 77 percent of benefits thereafter, so I think it's good. (It can be fixed to pay out 100 percent of benefits for the foreseeable future with some relatively minor tweaks.)
Have you actually done some real research on this topic? Or just listened to someone spouting off some Republic rhetoric. I'm 35, and I assumed it wouldn't be there for me until I actually researched the matter and saw the actuary tables. It will be there unless the Republics find a way to steal it -- which they probably won't. Some Americans are suckers, but not enough of them.
Your research obviously didn't take into account the FACT that Social Security payroll deductions are thrown into the general fund and used to pay things like Obamacare.
Oh, and do you have any guesses as to which party was the first to raid the Social Security trust fund? Hint: It wasn't the Republicans.
Yes, since we got off the gold standard, it has been a Ponzi Scheme.
I'm glad you say this. Those who think the Social Security trust fund is "worthless" and doesn't exist should also think that U.S. dollars are "worthless" too. I can see why those who question the entire modern monetary system think Social Security is a scam. However, those who believe their dollars are still worth something should recognize what all nonbiased sources tell them. There is a $2.5 trillion dollar trust fund, which will enable Social Security to remain solvent long after the baby boomers, the X-ers and Y-ers are dead. Since there are more Y-ers than X-ers, when we X-ers are old, there will again be a greater worker-to-beneficiary ratio.
It currently has enough money to pay out 100 percent of benefits until 2037 and 77 percent of benefits thereafter, so I think it's good. (It can be fixed to pay out 100 percent of benefits for the foreseeable future with some relatively minor tweaks.)
Have you actually done some real research on this topic? Or just listened to someone spouting off some Republic rhetoric. I'm 35, and I assumed it wouldn't be there for me until I actually researched the matter and saw the actuary tables. It will be there unless the Republics find a way to steal it -- which they probably won't. Some Americans are suckers, but not enough of them.
Do you mean the unfunded liability in perpetuity is $17.5 trillion that SS currently has?
Or the fact that Social Security Disability is set to run dry in 2017 without congressional intervention?
Your research obviously didn't take into account the FACT that Social Security payroll deductions are thrown into the general fund and used to pay things like Obamacare.
Oh, and do you have any guesses as to which party was the first to raid the Social Security trust fund? Hint: It wasn't the Republicans.
Do you have a credible source for this? Hint: you don't because the money paid into Social Security goes toward the purchase of special interest U.S. treasury bills.
Do you mean the unfunded liability in perpetuity is $17.5 trillion that SS currently has?
Or the fact that Social Security Disability is set to run dry in 2017 without congressional intervention?
Have YOU done any real research on this topic?
The $17.5 trillion unfunded liability is in reference to Medicare. Medicare is a whole nother ball of wax. Health care costs are skyrocketing, and we're all in some real trouble unless we can figure out some ways to bring them back from the stratosphere.
As far as SSDI, you are also correct. I should be specific. I am talking about the Social Security retirement benefits and program.
The $17.5 trillion unfunded liability is in reference to Medicare. Medicare is a whole nother ball of wax. Health care costs are skyrocketing, and we're all in some real trouble unless we can figure out some ways to bring them back from the stratosphere.
As far as SSDI, you are also correct. I should be specific. I am talking about the Social Security retirement benefits and program.
No, it is referring to SSI.
The problem is that the government is counting notes against the treasury fund as assets. That is the same as me writing an IOU to myself, then claiming I have that cash. You cannot count money borrowed against yourself as a funded asset.
SSI has over $17 trillion in unfunded liabilities when analyzed against the real assets in the system.
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