To: banjo joe
The problem is that the money we've been forced "to pay into the system" isn't there. It's been spent.
And with 70,000,000 Americans going to retire in the next 20 years (at current benefit levels and retirement ages), the money won't be there. This has been know for a long time, but the politican whores have kept postponing talking about it and dealing with it.
Those of who have been paying in for the last 20 years will never "get our money back".
21 posted on
02/26/2004 5:26:34 AM PST by
tomahawk
To: tomahawk
Currently, according to reports that I have read, Social Security is taking in more that is being paid out. Also, according to some, every Monday morning, 27% of the Social Security Trust Fund is transferred to the General Fund.
On the budget, only the government can insert a line item of "Other-----750 Million Dollars.
30 posted on
02/26/2004 5:46:19 AM PST by
jwin
To: tomahawk
And with 70,000,000 Americans going to retire in the next 20 years They shouldn't retire. For one those paying only 20 years into the system shouldn't count on having a long comfortable retirement. Too many people don't start working until age 25 and want to retire at age 65 and then be supported for 30 or 35 years and that doesn't make sense.
33 posted on
02/26/2004 5:48:39 AM PST by
FITZ
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