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.
Puleeze. It doesn't mean nothing (regardless if people put in more overall). And the Boy that Cried Wolf nonsense is just that. We have all heard the same claims about SS not being around. Not one of the claims have come true.
I'm sure my university said the same thing about Madoff....until his ponzi scheme collapsed and they lost $40 million.
equal time:
SS is there because the capitalistic system has failed.
YSMV
Failed??? I don't think so. We are probably entering a phase akin to the early Seventies, when young people entering the labor force saw not-so-much a loss of hope, as a long way up the ladder.
FDR, by the way, was no Communist; he was a patrician who recognized that if some sort of "safety net" wasn't devised for all of us, the entire system might collapse, and possibly with bloodshed (We are not "civilized" Europeans who behave on the surface, but occasionally vent their frustrations in the form of Hitlerism and Stalinism -- but the Democratic leadership would love to push us down that path).
The sooner we ride out this spasm, the sooner we can set the stage for an Eighties-patterned recovery; but we need the next Ronald Reagan to set it off, and I don't think either DeSantis or Trump fits the profile that well.
Last edited by 2nd trick op; 03-19-2023 at 01:14 PM..
What happens to the billions that are left in the fund by people who die before they collect all or any of what they paid in? Why not make congress pay back the billions they "borrowed" from the funds?
I would have to live to 95 to get back all that I was forced to pay in. I was self-employed most of my life and so paid in both halves.
1). Goes directly into the accounts of their immediate family members.
2) failing any living relatives, it could go into a fund for the truly indigent, disabled etc.
That doesn't change the fact that there are many totally dependent on SS, a cut of 20% would be devasting for many.
I doubt that a few percent in returns would carry anyone in the bottom tier through retirement, savings of around 4000 a year at 4%? That's assuming they can even set aside a few thousand.
If the government implement changes to SS and Medicare which hurts those who currently use both well... not much I can do except vote.
I've never particularly trusted the US government to take care of me or even to help me much. And like the story of the three little pigs. I built my house (retirement) out of brick. I worked my ass so my wife and I would be comfortable as we get older.
I never depended on SS for anything other than to cover the cost of Medicare, and a supplemental health plan and a drug plan.
When someone young says, “Thanks Baby Boomers for wrecking Social Security”, ask them to list some politicians we could have voted for (in the last 40 years) that would have strengthened it.
When someone young says, “Thanks Baby Boomers for wrecking Social Security”, ask them to list some politicians we could have voted for (in the last 40 years) that would have strengthened it.
None of them. Politicians are the most economically illiterate, criminally incompetent fiduciaries that humans has ever invented.
Trusting a politician with your money is like trusting a dog with a steak.
Social Security exists solely and entirely for one purpose - punish people for being financially irresponsible by transferring poverty to them.
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.
