Posted on 10/24/2016 8:06:32 AM PDT by blueunicorn6
In 2015,
60,000,000.
All paid for with massive debt, produced in our fiat, unbacked currency, controlled and manipulated by the central-planning Federal Reserve. Its the foundation of the progressive nanny-state
Don’t blame the politicians at this point - its just too easy to spend printed money at zero interest rates. After a few generations of this, Bread and Circuses is what Americans expect as their birthright from government.
In September 2016, about 124.73 million people were employed on a full-time basis.
Just a reminder: [MOST of] Those receiving Social Security Benefits are people who were FORCED to pay into the government system and are merely recouping a very small portion of THEIR money -
UNTIL the foreigner Hussein 0bama decided to try to buy votes by granting Social Security Benefits to illegal aliens who had not contributed one red cent.
Since that clown in the WH took office, I’ve had a 0.2% increase in my SS check. During that same time, welfare and other new and old transfer payments to deadbeats has risen a little over 30%. Cell phones for deadbeats...really? Tell me those jerks in DC aren’t using our money to buy votes.
I also find it interesting that, since SS increases are index to the CPI, the gov’t got worried when gas and other fuel prices skyrocketed. Their solution: Remove them from the CPI calculations.
If I take what I and my employers contributed to my SS account and compound it at 3% (remember, the prime interest rate under Carter rose to 21%), I need to live to be 137 just to break even. I want to die broken. If I can make it to next Sunday, I’m good.
Government Employees Outnumber Manufacturing Employees 1.8 to 1
Keep in mind that a GOP controlled Congress funded every penny of it. New World Order.
Actually the money that people get OUT of social security tends to be a good deal more than they put in.
Although I don't remember the exact numbers, the original concept was that life expectancy was 63 or so and people had to work until 65. So most people put money in and got nothing out. If you made it to 65, you'd collect for awhile, but then you'd die at 67 or 70 almost all the time.
Today, people retire and live for decades. They pull a lot more money out of the system than they ever put it.
It's not their fault. But the system is just designed to collapse. It's inherently flawed.
I worked and paid into the government for 52 straight years (including military service)...My SS is NOT an entitlement...It is MY money, albeit how little it is, being returned to me...
If you are going to knock SS for the retired, then kindly refuse yours when the time comes....
Worked and paid in to ss for 50 years to get mine.
What is the number of those 60mm that paid social security premium that were matched in an equal amount that was paid by their employers?
another question for you may be:. if those ss premiums were invested in the stock/bond markets, what would their monthly benefit be at retirement?
another question for you may be: what percentage of that 60mm receiving ss benefits never paid in to ss?
a final question for you may be:. what percentage of that 60mm receiving ss benefits are illegal Alien immigrants?
60,000,000. And each requires three workers to pay into the SS system to support them.
And when those numbers retire,they will need three workers to support them.
60,000,000 X 3=180,000,000 X 3= 540,000,000 X 3=1,620,000,000 workers to support them. WHERE ARE THOSE BILLIONS OF WORKERS COMING FROM!
Back in 1964, the SS history said this!
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
How many of that 60,000,000 actually paid into the system and still do?
Me, for one.
Meanwhile two of my childhood friends both died at age 61 and all their Families received from SS was $255 which paid for the Urn their Ashes were put into.
“... if those ss premiums were invested in the stock/bond markets...”
Exactly...Look up Bush’s “Galveston Plan”.....
That would’ve been really good if Congress would’ve allowed it to happen...
A more illuminating statistic to pull up would be how many are US retirees, foreign retirees and Social Security Disability. Individuals and dollars.
I get $1320 a month. I still work a good part-time job so I pay in around $400.00 a month to ss. Gonna have to live a long time to get up on ss.
Note that those who complain the loudest about Social Security likely have no qualms about filing insurance claims regarding house, auto, medical, etc.
WE [those of us who were paying in as early as the 1960s] paid into a mandatory system that was initially identified as an retirement insurance program.
When I filed for Social Security I was filing a claim based on money I and my employers had paid in for many more than the 40 quarters required.
As for increases, I have received ONE in the last 4 years. For 2017, the increase is going to be about 0.03%. That is around a $3/month increase.
I recall around 1970 I calculated that, if I earned 6% on my SS fund (+ employer contribution) per year until I retired, based on modest yearly salary increases, my SS account would have grown to $600,000.
Decided to get some of our money back while there was still some to get.
The question is how many actually worked vs. all those that Obama opened the "disability" bennies for - not to mention illegals tapping the system.
Very true...
If they used a real inflation adjustment I would be drawing at least double what I am drawing. It is so blatant that it would be funny if it were just a movie. My electric bill is sometimes more than I and my three brothers along with my parents lived on back in the fifties. What my parents paid monthly for electricity back then will buy at most a fast food lunch for one now. The SALES TAX on a lunch now is well over what the lunch PLUS the tax was then. A single dip ice cream cone then was a nickel or ten cents for a double dip, now two ice cream cones will cost more than our monthly electric bill was then. Somebody tell me again how we are all so much better off now.
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