I really don’t think Los Gangstas de Ocho’s idea of importing Mexican Nationals to make up this shortage is going to work out. But hey! What do I know?
And ... "I want what's coming to me"
And ... "Just give me back what was taken from me, and I'll be happy"
It's a Ponzi scheme folks. It doesn't work. The money isn't there. You've been scammed.
Interesting, I just gor a call from an Indian sounding guy who said because I was an upstanding American and had no felony convictions in the past two years that I was going to get a check in the mail for $5,000.00 as a reward. I told him to use the money to pay the military.
Always must convert “per household” figures to “per tax-paying household”, which makes the figure closer to $200,000 per tax-paying household.
As it turns out, my wife and I contributed $3 million had the money been deposited in an index fund. We will take out $900K given a reasonable life expectancy.
No guilt here.
That will be a nasty special-one-time tax (above income taxes)for Obummer to impose in favor of fairness.
9.6T? Kill off existing recipients with Obamacare. Who do those free-loading parasites think they are? Raise the retirement age to 150. With all of the cash saved, create multitudes of new socialist government agencies.
Whew, at least it’s safe...lockbox and all!
Basically it was a socialist inspired social benefit that had to be justified in court by explaining that it was a plain ol’ tax. The tax is not segregated and also not invested so there is no pension in a true sense to be unfunded.
It followed in the wake of the 30s depression that was quadrupled in length by Republican (tariff) and Democrat (FDR-everything) policies causing much suffering.
Instead it is just a social program retirement benefit that can disappear at the whim of Congress.
< /see Obamacare >
[[The Social Security program faces $9.6 trillion in unfunded liabilities over the next 75 years,]]
BS- the baby boomers will be gettign old and dying soon, and we’ll be right back to more payers thjan takers (provided the govenrment QUITS givign deadbeats who claim dissability who aren’t disabled money)-
There are no unfunded liabilities because THERE ARE NO LIABILITIES.
The government has no legally binding contractual obligation to pay out a single dime. SS is simply a politcal scheme that takes from one person and gives it to another.
That is pretty much like having three or four outstanding credit cards.
Obama should be accused of identity theft.
He is using those cards that he took out in our names.
And then he's sticking it to us with the bill.
This part of our national debt, the government issues bonds which can never be cashed in, these IOU’s are part of the national debt.
I guess we are going to make the border-jumping identity thieves pay the bill for the late-retiring boomers—and then terminate SS when the border-jumping identity thieves start to retire. Could almost be a fair exchange.