Posted on 05/24/2014 9:54:22 AM PDT by entropy12
I thought this was free money. </s>
As to YOUR statement, “Do you know of any publication which has absolutely no agenda? That is a given!”
You had said, “Yahoo does not generate most articles internally. They simply publish what is out there.” Which means they ‘simply publish what is out there’.
I’m guessing you can’t wait two years. So, for you it’s already a reality.
You are correct. My post was meant in a sarcastic vein.
The Supreme Court in 1960 ruled SS is not a binding contract (Fleming vs. Nestor).
The SSA even changed their tune over time on their Website citing the ruling:
“There has been a temptation throughout the program’s history for
some people to suppose that their FICA payroll taxes entitle them to a benefit in a
legal, contractual sense.”
In other words in the extreme, Congress could totally cut SS and the folks would be SOL.
Hood Disease: Inner City Oakland Youth Suffering From Post-Traumatic Stress Disorder
I do not understand where you are going with this.
Read the post by “kabar” and properly focus on all lines while reading it.
It spells out everything you need to know.
Do you have the patience and focus to read his entire post?
All I am saying is I want to see what the reality is in two years.
It’s not hard.
The tort lawyers have picked up on disability as a great new line of business.
Watch an episode of Jerry Springer or Maury Povich.
I guarantee you’ll see commercials for law firms pimping their disability lawyers.
Like “big education” it’s another booming branch of the Democrat funding process.
No one can predict the exact future.
You should have realized that by now.
All depends on how the economy performs, how many jobs are created or lost, level of corporate profits and all other categories of tax revenue.
Since we do not know exactly how much tax will be collected in the next 2 years, everything has to be an educated projection. It is better than ignoring the whole thing.
I can say this...the author of that article has better handle on this than me or you. Because she has probably spend many hours preparing the article. Me and you have not.
United States is still operating under the delusion that we are a great super power. We lost that status when our debt exceeded our ability to pay back principle and interest.
How stupid it is to protect oil supplies to China & Japan from the middle-east, while we keep borrowing money from those countries? Those two countries get a lot of oil from M-E. Let them spend on the military.
“No one can predict the exact future.
You should have realized that by now.”
“I” should have realized that by now? I’m the one saying lets see what the future brings.
As my Late Mother always used to say, “You help People who CAN’T help themselves, not People who WON’T help themselves.
The “WON’T” crowd is stealing from the “CAN’T” crowd, but both groups tend to Vote for a Living anyway. Visit your local S.S. Office and I’ll bet half the people there are under 40 or don’t even speak English.
Remember when Social Security was considered “Supplemental” Income for the Old Folks? Those days are long gone, and I’m one of those people who have paid around $200,000 into the System during my 45 Year Working Career. I can only imagine how much money there would be if all that had been Invested.
One other thing, when collecting S.S. Disability, it converts to the regular S.S. Benefit Payment when people reach their full S.S. Retirement Age. That would be age 66 for people my age, which is currently 61.
One of the ways is to stop disability double dippers, or to offset one from the other. I am talking federal double dippers. I as a 100% disabled vet find it distasteful that you can draw VA Disability at 100% and SSDI at 100%, so I never applied for SSDI. I will apply for my regular SSRI benefits when I get old enough.
You won’t like hearing this...as I did not.
If an older person immigrates to USA sponsored by their immigrant children, the older person receives supplemental SS checks regardless of the income of sponsoring children. The older immigrant has never contributed a red cent in SS taxes.
I personally know of many such cases since I know lot of immigrants. Our politicians are a giant crop of giving away money which does not belong to them.
If you had invested $200,000 in just plain old vanilla easy to invest S&P500 index fund every paycheck to match your social security tax paid, you would have in excess of 2 million dollars in the stock market right now. Over 25 years remaining life expectancy, you could withdraw $80,000 every year assuming you did not earn any interest or dividends.
With dividends included, you would have access to $100,000 every year for 25 years.
The financial incentive to apply is quite powerful.
If, for instance, you voluntarily start Social Security at age 62, your monthly payment is reduced forever by 25% compared to what you would get at age 66.
Instead, if you can qualify for Disability at age 62, your payment will rise each year until you hit the rate you would have received at 66.
Thus, with Disability, you can quit working at 62, get monthly checks for 4 years, and still qualify for the rate at age 66.
In 2009 and 2010, after Obama’s election, and during the aftermath of the Great Recession, almost 100% of Disability applicants over age 60 were approved, unless there was clear evidence of fraud.
That approval rate may have come down in recent years, but I haven't checked recently.
I see your point. I signed up at 62 because we needed the money because I had retired due to health reasons. I should have hired one of those law firms...oh well.
Couldn't agree more...
later
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