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I am a "Boomer" and I have been paying into Social Security since I was twelve (44 years). I am never going to get anywhere close to what I paid in back, much less the "earnings" 2% on my "Social Security Account".

If I could withdraw from Social Security now with no more money stolen from me, the U.S. Govt. could keep every dime they already have and I would waive any benefits going forward and STILL make out better when I decide to retire.

Aging (and pissed off) Regards

166 posted on 08/07/2003 5:07 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)

You'ld better check you aim there Jimmy boy. First off, you or someone your age will get back EVerything you paid in in less than 3 years. The rest of your average 20 years on the tit (Retirement)is paid for by yours truely. You can say thanks any time.

Second, Your first 25 years you paid less than 2.5 percent of an average income of 2-4 thousands dollars.

I on the other hand started out paying 7.65% on much much more than your wages were and the amount I have paid has increased every year because of increased wages.

So before you start with the I paid it BS, get your facts straight. You are the last generation that will get back more than you paid in. Now with the Perscription drug coverage you will be getting a mammouth windfall at your grandkids expense.

And one other thing, I would make a wager with you right here. You will run right down and sign up for your SSI and Medicare the minute you retire if not sooner.

I have yet to see ONE person that makes the kind of statements you make back it up with actions. Fact is, when the gravy train comes by you ALL come a running.

Back at you. Get YOUR facts straight.

Firstly, The current Social Security Tax is all in, 15% not 7.5%; wake up and smell the burn, you only get to see one half the contribution go past your paycheck. Secondly, I have been paying the maximum on Social Security for well over 25 years (sorry, some of us earn a little more than others). Thirdly, if I could put away an additional 15% of my Gross earnings pre-tax into a money market fund even averaging 6-7% over the next 25-30 years that I intend to work, no I would not need a penny of Social Security, Medicare etc.

Got the facts now?