I mean, nobody has actually spent that money already, right?
Ha, ha, the answer is to save and invest? So that politicians can inflate away the value of your savings and/or just confiscate it as they have done in other countries?
Somebody please come up with a better answer than that!
Government - The Unsustainable Promise.
How come we never hear about Welfare running out of money?
What's interesting, the first group "worked for" their money...
the second........ didn't!!
I earned it, I deserve it, I sacrificed for this country, I WAS PROMISED, I payed into it, I worked hard,
It is all I have, I will starve, I paid so can you, the politicians stole it, it is mismanaged, cut the other spending first
Did I miss anything? Social Security is a social income transfer scheme designed to beholden the middle class to the Democraticm Party. Other wise known as welfare. It has been hugely successful just as Obamacare will be.
First, since you have so many wonderful numbers and charts there to tell the story, how about a few that actually tell the story, like:
- What percentage of people currently receiving a Social Security check (OF ANY TYPE) paid into the system for more than 20 years? What percentage of people currently receiving a Social Security check (OF ANY TYPE) never paid a penny into the system?
- What would happen to the ‘problem’ if the Social Security Disability rules of 1980 were put back into place?
- What would happen if we took the over eighty (80) Federal programs that welfare has been scattered into and totaled it? What would be the single biggest amount spent by the Federal Government? Would it be larger than Social Security and the Military spending combined?
- The good news is that for every day that thousands of baby boomers turn 65, hundreds die. That ratio will continue to evolve until on any give day more will die than will turn 65. And one day they will be gone altogether. Then, assuming there is a country remaining, the poor naive sheeple remaining will suddenly have the light come on and realize the problem has been right in front of them all along.
And NOBODY, not even the most far right politician, wants to talk about the real problem - we are going broke because millions of worthless cancers are happy to sit on their a$$ everyday and let the government pay them.
(And if any of the facts and figures I through out seem bogus, go to the website of a group called the Heritage.org and they will show you in black and white what the truth is.)
Finally, if there were more than 2 workers for each recipient, the system would be better off.
Maybe if the Pres. and Congress would make this country economically viable again, that would also help the system.
We need to move to the Chilean model which seems to work very well and retirees get more money montly than SS here in the states. Newt was touting it in the 2012 campaign. Or private accounts that move with you from job to job.
There are lots of answers but if we do that the govt won’t be able to steal the money that we have all paid monthly for our whole lives. Right now all of that money gets sucked up by Uncle Sugar every month.
But, but we were promised! Here is what SSA said about the system back in 1964!
From the SSA website (You have to hunt for it!)
http://www.socialsecurity.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And HERE is where YOUR MONEY went. Read and weep.
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
Yep. Bond investors won’t be the only ones to take “haircuts.” Those will be passed on to the consumers (pensioners).
I retired at 62 and regard at least part of my monthly SS check as a fee payable for democrat cowardice in abandoning those of us who were winning in Vietnam.
Great,.
We’ll just devalue the currency by 50% while giving them a 25% increase over 10 years, and we’ll have solved that problem...
or not
I’ll start getting my SS checks very shortly (God willing) and I am looking forward to that! I’ll use that money for my boat payments, casino trips, and vacations. I will, however, be quite willing to forego those checks for the good of the nation and our grandchildren...
...AFTER you cut off the Democrat party’s base of moochers, bums, deadbeats, and parasites from welfare, food stamps, WIC, “free” school breakfasts and lunches, Section 8 housing, Obamaphones, Medicaid, SSDI “crazy checks”, government services for illegal aliens, etc.
THEN talk to me about trimming back benefits for us seniors who dumped their hard-earned money down the government toilet their entire working lives.
Until then, everybody can STFU.
This is one of the problems that Obamacare was designed to resolve.
By killing off a lot of old people through the death panels, it will go a long way toward accomplishing that.