Posted on 12/26/2005 11:38:30 AM PST by qam1
Because the majority of them vote D-rat.
"That's how America got into the fix that will see the Social Security trust fund run out in 36 years unless something is done, according to James B. Lockhart III, deputy commissioner of the Social Security Administration."
This is easy. Tell every federal, state and local employee that they now have to contribute into the system. When they start to fight it, bring up personal accounts.
The other option is to give everyone exactly what state and federal employees have.
Either way...
This concept is way beyond the brilliant minds we have in Washington.
After years of maxing out my payments (TAX) to social security the day will come when the politicians will say that because I have too much we're going to reduce your social security. When they do that there will be many, many folks that will declare hunting season on past and present politicians. They better pray they have a very tight gun control laws in effect before this day comes.
My feeling and intentions exactly.
I have to disagree with you there. He was right in bringing it out to be discussed. But with the AARP crowd (who have a controlling interest with the Democrats) and the weak-kneed Pubbies, it had no chance of passing.
Like I told qam1, we Gen-Xers are hosed. And President Bush can't be blamed.
I had a look at the American Social Security system a while back and I've got to admit I was shocked at the scale of the problem/debt you guys are looking at.
...but we can still afford to nationalize healthcare right?
"Tell every federal, state and local employee that they now have to contribute into the system."
Federal employees hired after 1983 do contribute to Social Security just like - in the same percentage amount as - everybody else. They are on a different retirement system than their predecessors.
Darn straight. Plan your exit strategies.
I'm trying to save $1.5M-$2M by age 45-50 then bolt for Central America.
Duh!
-- George Bernard Shaw
57,just hit 1/2 mil in 401 k
own home and car and 27 acres in CT. have med/dent from prior employeer
No spouse or dependents
Thinking of calling it quits and drawing down
on the 401 k.Planning on SS@ 62
opinions
Insane Clown Posse..haha, I just got the funniest image in my head...
By the way, I too, am shocked and deeply saddened that the Ponzi Scheme, I mean social security isn't working.
I'm at seven figures at age 34. Maybe I'll save another meal-ticket and join you. Those days ahead are going to be indescribable.
Whoa that rules.
Keep in mind there also is a 11 TRILLION dollar annual economy underlying this. The number is huge and will be a problem but it also needs to be kept in context of size of the population and economy being serviced.
Why do they keep talking about a Social security Trust fund. There is no such animal.
"I had a look at the American Social Security system a while back and I've got to admit I was shocked at the scale of the problem/debt you guys are looking at."
Dundee,
If a private corporation were running the kind of scam that our federal government is calling a social security retirement plan, the corporate officers would be doing 25 to life at levenworth federal pen in maximum security. It's a ponzi scheme and anyone with even minimal financial skills knows it. Like so many other serious subjects, the politcos don't give a ship about the common good, only about their own re-election. President Bush is too good for this Country. If he were as small minded as his opposition, he would just resign and go back to Texas. I pray to God that he doesn't, but I wouldn't blame him if he did.
The SS program if used for "personal retirement" only as it was meant to be used for instead of a government handout for the destitute while at the same time, being paralleled with a welfare program which was created to do the same, SS would be solvent today.
Instead we have multiple government organizations stacked on top of each other performing the same function only to be categorized differently as to maintain numerous bureaucracies who function is to accomplish the same thing.
Of course in the muddled mess of bureaucracy, this gives political opportunity to the access of funds.
Bottom line, funds are being funneled to Washington to give the financially opportunistic politicians a trough for the skimming of funds, available for their own personal political concerns.
And some have a disdain for the skimming of funds by Anan and the UN.....
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