[LouAvul]

And DC is wanting to factor in immigrants (for social security benefits) who have never paid into the system? Figures.

[msf92497]

I'm 40'ish. Been paying into the system since I was a teenager. Won't see an F'ing dime. Nice to know the friggin' felonious mexican squatters will enjoy my largesse, while I work as a 75 yr old greeter at Walmart.

Slime.

[FreeKeys]

"Social Security benefits are not:guaranteed" - Michael Tanner, - HERE

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Insane System:  "Many people are unaware that the money that is taken out of their paychecks for Social Security is not -- repeat, not -- being put aside to pay for their retirement. That money is paying for people who are retired right now, and anything that is left over is being spent by politicians in Washington for anything from farm subsidies to Congressional junkets. ... Liberals are desperate to keep Social Security the way it is, because that means they can keep spending your money as they see fit and keep you dependent on them. That's what the welfare state is all about." -- Thomas Sowell, HERE. Further, the trustees of the Social Security Administration now say the system will begin paying out more in benefits than it receives in taxes in 2017, twelve years from now.

FIX IT NOW. EVERY year we wait costs $600,000,000,000 MORE !

FACTCHECK: The Democrats' Social Security calculator is a FRAUD

The REAL deal is HERE. | Compare the NEW & OLD systems HERE.

Some Americans ALREADY ENJOY Privatized Social Security

WORTH EMULATING: THE FEDERAL THRIFT SAVINGS PLAN

Social Security: Doing Nothing Costs TRILLION$  More Project on Social Security Choice Questions for the AARP  |  Is there a CRISIS? 'Transition Costs' are a Myth Answering Kinsley's idiocy S.S. Litmus Test   | S.S. links

Social Security Quick-Calculator: just plug in your age and gender

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"Your estimated benefits are based on current law.  Congress has made changes to the law in the past and can do so at any time.  The law governing benefit amounts may change because, by 2042, the payroll taxes collected will be enough to pay only about 73% of the scheduled benefits."-- printed at the bottom of page 2 of your Social Security statement

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"Private accounts and reduced benefits are the only way out of this one, folks. To make the program truly solvent, the government would have to confiscate so much wealth it would destroy the economy.  Maybe the Congress will make the right choice and fix the problem.    I doubt it." -- Neal Boortz, HERE. 

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"An economy hampered by restrictive tax rates will never produce enough revenues to balance our budget --  just as it will never produce enough jobs or profits." -- John Fitzgerald Kennedy

Social Security Private Account links

 

"DON'T EVEN TOUCH SOCIAL SECURITY FOR FUTURE GENERATIONS, EVEN"
 

This Scott Stantis cartoon appeared in the March, 1996 issue of Reason magazine.

[Brilliant]

How much will the social security IOU be in 2017? That's the amount that the American people will have to pay back to the trust fund in order to keep it going until 2041--and that's on top of the taxes they already pay. And then in 2041, it will be bankrupt anyway.

[Fiddlstix]

BTTT

[Chode]

what's the big deal??? it's all fiat money anyway... just fire up a few more printing presses!!!

[Prime Choice]

It's like I've been saying for a long time...

[Fledermaus]

Bush tried and no one wanted to help being cowards that didn't want to take the heat from the yapping idiots.

So...screw them. I don't want a thing done with Social Security. I don't want if reformed or fixed or tweaked or touched.

That way it will die on its own and I'll sit back and flip off the whiners wondering what happened while pointing out they didn't want anything to change. Then I'll eagerly point out I wasn't stupid enough to rely on one dime of this ponzi scheme and, unlike them, actually made other plans.

Then I'll rub it in.

[whitedog57]

Social Security was always meant as a tax transfer scheme. When the tax revenues are less the transfer, the system winds down. Simple.

The problem is that politicians (Democrats for the most part, but many Republicans as well) pretend that the tax revenue < transer payments never occurs.

What will happen? A return to America prior to Roosevelt's programs. This isn't necessarily bad, but it will mean that people will have to adjust their expectations.

[11th_VA]

55 and older ... - the bulge in the population that helped create Social Security's predicament in the first place.

When I read this today I about blew up - BS - the predicament was made by Congress that threw away the money in SS ...

[af_vet_rr]

Americans who are 50-something - a point in life when many are registering peak earnings, seeing their children move into the workplace and beginning to make detailed plans for their retirement - could be in for some unwelcome surprises down the road.

I am not going to be in for any "unwelcome suprises" - My wife and I made the decision long ago to consider the SS we recieve to be simply spending money, and not something to depend upon.

My best advice for a kid coming out of high school or college - forget about SS, don't even think about how much you put in versus how much you think you'll get out, and don't even assume you'll get any out.

[Lancey Howard]

I've been forced to pay into that mindless Ponzi scheme known as Social Security my whole life. And when I hit 65 (or whatever the earliest possible retirement age for benefits is) the scumbag politicians better make sure my checks aren't late.

The politicians love to give Social Security money away to illegals and to young bums who claim back pain and to single welfare mothers who get their kids to act "crazy", and so when I finally decide to take a break after a lifetime of working my behind off, those scumbag politicians BETTER come through with mine.

[henderson field]

I assume that if they cut social security they will also cut congressional and other government pensions, in the spirit of fairness.

[GOPJ]

Social Security is the new welfare. The folks breaking the bank start collecting when their 30...

[kabar]

For one thing, the task of fixing Social Security gets harder as it moves closer to the time when it runs a deficit (starting in 2017, according to the Social Security Administration) or exhausts its trust fund entirely (in 2041).

The SS Trust Fund has no money, just IOUs in the form of non-marketable T-Bills, which can only be redeemed by the US Treasury. The SS "surplus" starts declining in 2008. SS is a pay as you go system. In 2017, we will have to cut benefits and/or increase taxes to keep the system afloat.

[notpoliticallycorewrecked]

And DC is wanting to factor in immigrants (for social security benefits) who have never paid into the system?

This is already happening in Calif. There are numerous immigrants collecting SS benefits without paying a dime into the system. My Mom and I have discuss this at length as to how it is possible for them to collect on SS without having ever worked in this country. We can't figure how they are eligible.

I have been hearing that the SS system was going to crash for years and years. Because of this, my hubby and I have planned our retirement as if we won't be getting a dime out of the system. If SS happen to be solvent for us to collect on it then it will be gravy money for us. That is the only reasonable way to plan for a retirement these days.