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To: Delacon

We forty somethings(and under) are going to have to pay for the boomers and those before who will have put in less than they took out.

As a boomer who has maxed out payments into SS for 30 plus years I won’t recover what I put in if you also figure the interest I would have earned on those dollars at just 5%. You also have to consider my employers has matched my contribution over the same period.
No I won’t be seeing everything I put in.
The generation before us did take more than they ever contributed.


5 posted on 11/26/2007 3:15:41 PM PST by Recon Dad (Marine Spec Ops Dad)
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To: Recon Dad

Don’t worry... The aliens in their UFO’s will save you:

“a much-publicized poll suggested that more members of Generation X believed they would see a UFO than believed that Social Security would help them when they retired.”


11 posted on 11/26/2007 3:27:15 PM PST by Brilliant
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To: Recon Dad
You won't get anything if you die before you are eligible to collect your "pension." Someone could pay into SS for 50 years and only collect a small burial allowance. You don't own your SS contributions. They belong to the USG per SCOTUS decision on Flemming vs Nestor
15 posted on 11/26/2007 3:36:10 PM PST by kabar
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To: Recon Dad
“No I won’t be seeing everything I put in.”

BINGO...

You are correct.

If the amount you paid in (plus the employer’s portion) over the last 30 odd years had been invested and not pi$$ed away by the crooked politicians, your account would be worth millions now.

Your money and everyone else’s money was stolen.

22 posted on 11/26/2007 4:03:50 PM PST by babygene (Never look into the laser with your last good eye...)
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