Ace, let me ask you this. What do you think the results would be if you polled every American from 25-40 on this question...

 

If you had the option to get back all the money you have paid into SS and stop making any future payments if it meant the end of SS would you do it?

 

Do you really think the vast majority of those polled would think it's such a great program they would opt to continue paying into it? The fact is none of the links you have posted back up your statement that the VAST MAJORITY of Americans think its a great program.

You have no idea whether or not you funded mine, having no idea what my father paid into or for how long he paid into it. They changed the law, not because it was broken but because it was being abused and hard to monitor.

 

It was broken. Still is. The numbers simply don't work and they haven't for many many years. People have known it for a long time.

It was broken. Still is. The numbers simply don't work and they haven't for many many years. People have known it for a long time.

 

Is it really broken:

 

http://www.fair.org/index.php?page=3200

 

This one of course is even better:

 

http://www.ssa.gov/oact/trsum/index.html

Is it really broken:

 

http://www.fair.org/index.php?page=3200

 

This one of course is even better:

 

http://www.ssa.gov/oact/trsum/index.html

 

2010 Fiscal year

SS / Medicare / Medcaid

Revenue - $865 Billion

Spending - $1,494 Billion

 

Seems like a wonderful program that is working just fine.

2010 Fiscal year

SS / Medicare / Medcaid

Revenue - $865 Billion

Spending - $1,494 Billion

 

Seems like a wonderful program that is working just fine.

 

Fortunately the trustees were smart enough and the money is being distributed from the surplus that has been accumulated over the years. I think that is why households have savings so that when things are lean you can dip into them until things get better. SS will be solvent at current rates through 2041. If there is more than, what was is 1.6% growth, I don't remember, but something like that then it will be solvent past 2041, I will be 74 and I am not a boomer so we may be through that bubble by then. Where again is it broken?

Is it really broken:

 

http://www.fair.org/index.php?page=3200

 

This one of course is even better:

 

http://www.ssa.gov/oact/trsum/index.html

 

Yes, it really, really is.

Fortunately the trustees were smart enough and the money is being distributed from the surplus that has been accumulated over the years. I think that is why households have savings so that when things are lean you can dip into them until things get better. SS will be solvent at current rates through 2041. If there is more than, what was is 1.6% growth, I don't remember, but something like that then it will be solvent past 2041, I will be 74 and I am not a boomer so we may be through that bubble by then. Where again is it broken?

 

And of course after that it doesn't matter, right?

Old Franky Roosevelt will have taken about 125 years to bring about the downfall of the USA if something isn't done. And soon.

And of course after that it doesn't matter, right?

 

My point being, if you actually would pay attention to what I say instead of automatically trying to be snarky, is that we are in the boomer bubble where a large portion of the population is drawing benefits from SS. There are more of them than there are workers, RIGHT NOW. By 2041 those demographics may change and SS will remain solvent significantly past that. Of course, while you were trying to "get me" with your little smart remark, you forgot that I will not draw social security. So, even though I have paid into social security every year since 1985 AND I know that I won't reap any benefits from it, I still think it is a good program. So no my statement had nothing to do with whether or not I would be okay.

 

Someone going to give me a link to refute the fact that it is solvent and will be solvent for quite some time and will go on being solvent with just some small tweaks.

These are some interesting slogan.

 

:lol:

My point being, if you actually would pay attention to what I say instead of automatically trying to be snarky, is that we are in the boomer bubble where a large portion of the population is drawing benefits from SS. There are more of them than there are workers, RIGHT NOW. By 2041 those demographics may change and SS will remain solvent significantly past that. Of course, while you were trying to "get me" with your little smart remark, you forgot that I will not draw social security. So, even though I have paid into social security every year since 1985 AND I know that I won't reap any benefits from it, I still think it is a good program. So no my statement had nothing to do with whether or not I would be okay.

 

Someone going to give me a link to refute the fact that it is solvent and will be solvent for quite some time and will go on being solvent with just some small tweaks.

 

Did you even read your own link? Also, you should review your prior posts before you post something. You're contradicting yourself.

 

This program needs much more than some small tweaks. They''re going to need to look at rates, tax base, extending or eliminating early retirement and install some means testing for benefits. Many people in Washington know what it's going to take, they just lack the courage to say it.

Edited April 12, 201115 yr by 75center

Did you even read your own link? Also, you should review your prior posts before you post something. You're contradicting yourself.

 

This program needs much more than some small tweaks. They''re going to need to look at rates, tax base, extending or eliminating early retirement and install some means testing for benefits. Many people in Washington know what it's going to take, they just lack the courage to say it.

 

From my link:

 

Projected OASDI tax income will be sufficient to finance about 75 percent of scheduled annual benefits in 2037 through 2084 after the combined OASI and DI Trust Funds are projected to be exhausted.

 

So it is fully funded through 2037 and funded at 75% through 2084 - 73 more years. So with NO adjustments it covers every living person right now. Those born after 1972 would be covered at about 75% of current rates - WITH NO CHANGES - through 2084.

From my link:

 

Projected OASDI tax income will be sufficient to finance about 75 percent of scheduled annual benefits in 2037 through 2084 after the combined OASI and DI Trust Funds are projected to be exhausted.

 

So it is fully funded through 2037 and funded at 75% through 2084 - 73 more years. So with NO adjustments it covers every living person right now. Those born after 1972 would be covered at about 75% of current rates - WITH NO CHANGES - through 2084.

 

So you understand it's broken?

You gave GW 4 more years!