[SkyPilot]

Countdown to the Freepers who come on the thread and claim they "paid into" Social Security and expect "their money...."

5.......
4.......
3.......
2.......

[achilles2000]

You left out the “lockbox” and the “trust fund” and how the money in each of these was “stolen”.

[smoothsailing]

All the money is in Obama’s stash.

[OldNavyVet]

"paid into" Social Security and expect "their money...."

Precisely ... And the Gipper was right.

What we have now is a government run amuck, and the greatest thing about Sarah Palin is that she's the only one we can trust in cleaning things up --- BIG TIME.

In that regard, Palin's cleanup accomplishments in Alaska have scared the (censored) out of career politicians ... and crooked people.

[boomop1]

I suspect a raising to age 70 and limits some eligibility cutoff to a private IRA, with limited government matching. Who knows, I am not saying I support this, but something has to change to make it just SS not disability and every thing else thrown in.

[ExtremeUnction]

Countdown to the Freepers who come on the thread and claim they "paid into" Social Security and expect "their money...."

Well, I did pay into it and I'm getting S/S checks now. I still work (I'm 66) so I am getting my paycheck plus the S/S check.

[lowbuck]

Way, way back, actually in 1976 as I was in grad school I proposed that SS was a scam and needed to be radically overhauled.

Now, I was just a stupid 22 yo at the time, but, I suggested that we “grandfather” all those age 50+ and pay any excesses out of the general accounts.

Any under age 50 had a very simple choice to make. . .

On one hand they could go with SS and the deal was that they would get an annuity based upon payments in and adjusted life payments out (I called this the super safe option).

Or, they could elect to open a private account (with all the monies paid into SS to date being transferred to this account) and they and the funds from their employer must be deposited therein and they could choose from a selection of investments (ranging from simple MM to 100% stocks and anything in between). But, for this option they could not cash out until retirement, but, should they die before retirement their family got the funds).

This led to quite a lively debate, especially with my Democrat leaning fellow students. Ah, the stupid never learn!

Perry is on the right track, especially, when you realize in addition to asking the young workers to fund SS these same young workers are being squeezed out of getting into the job market by the same bunch of “boomers” who are staying in place to make up losses.

Go Perry, go.

[chris_bdba]

Heck I’m 50 years old and think there is little chance I will ever collect what hubby and I have been promised.