“You are spot on. While I don’t much like Graham, he is talking the truth here. It is the middle class entitlements that drain the coffers of the government, and get people dependent on federal ‘aid’. That was the most devious thing about the New Deal. Even Roosevelt knew that welfare was unpopular. When he changed the game and got the middle class dependent on government, he set the stage of this nation going bankrupt.
If you want Social Security to be gone (any rational person should since it is a moronic ponzi scheme), you first need to remove the ties it has to the non poor recipients. Once you ween them off the system, you will finally have enough of a voting coalition to kill it.
As for those who say they deserve it because they paid in, well I’m sorry, but like all other ponzi schemes someone gets left holding the bag. Unless you want the entire economy taken down, which is what we get if we keep waiting to face this unpleasant truth, we have to get on the road to controlling the entitlements and that means Social Security and Medicare.”
OK drbuzz, for all of you that want SS to go away why don’t you put your money where your mouth is an write too the government that you will NOT accept any Social Security benefits from now or into the future.
I paid into this frick’n system for the last 33 years with about 30 of those years at the max limit. I’ll be damned if I am going to set back and just let the government “keep my money”. It was and IS MY money.
All the people including Rushbo pisses me off with these statements. Only people that have sizeable nest-egg already built up can make these comments. Even my financial planner INCLUDES S.S. in what my retirement may look like.
This will be the one where the pitchforks will brought out in this country. There are sooo many bums on S.S., welfare etc. that we who have been honest are expected to bend over and get screwed.
No one, at this point, is talking about Social Security going away.
We just need to figure out how to remove a couple hundred billion dollars per year out of the program, and the easiest ways to do that are: increase retirement age, and don’t make welfare payments to relatively wealthy people.
Yes, this makes Social Security more explicitly a welfare program, but that’s what it always was, actually.
The alternative to all this, of course, is to significantly increase payroll taxes. There’s no easy answer.
Otherwise, at some point, government bonds are going to be less attractive, and the government will have to pay higher interest, creating even more debt.
>OK drbuzz, for all of you that want SS to go away why don’t you put your money where your mouth is an write too the government that you will NOT accept any Social Security benefits from now or into the future.
Sure, sign me up.
>I paid into this frick’n system for the last 33 years with about 30 of those years at the max limit. I’ll be damned if I am going to set back and just let the government “keep my money”. It was and IS MY money.
I only have 20ish years in, but I’d kiss that off since I know it’s a pipe dream anyway.
>All the people including Rushbo pisses me off with these statements. Only people that have sizeable nest-egg already built up can make these comments. Even my financial planner INCLUDES S.S. in what my retirement may look like.
I hope he didn’t invest in Madoff also, because it’s the same quality of investment.
>This will be the one where the pitchforks will brought out in this country. There are sooo many bums on S.S., welfare etc. that we who have been honest are expected to bend over and get screwed.
You might want to look at the actual numbers. The disability payments are a fairly small portion out SS outlays. Welfare is also a comparatively small blip compared to Social Security and Medicare.
But since you expect your money back, explain where it will come from. I mean you must have a solution right? I mean, the money must be somewhere for you to reclaim it right? Oh, wait, Congress already spent everything you sent in and a hell of a lot more. They also made promises on an even greater amount of spending which comes due all too soon.
So I guess you’ll just jump on the hyperinflation bandwagon which is about the only way you’re going to get your Social Security benefits in full.
I agree it WAS.
However, once the government took it from you it WAS no longer.