we need to privatize Social Security, my friends

[Lesh]

Two years
No big deal 40 years from now

Bullshit. It's already too high.

I'm not screwing my kids.

 

[boedicca]

Too late. The SS "Trust" Fund has already been raided and stuffed with IOUs to be covered by future taxpayers.

It has always been that way

Only way to start paying in the 1940 s

No, originally, there were nearly 160 taxpayers per beneficiary, resulting in a surplus. Once the ratio fell below 4, the Ponzi Scheme started to unravel - and it was further exacerbated by Congress spending the money on non-SS programs and stuffing the "trust fund" with IOUs.

Social Security History

It is not a Ponzi scheme and it is solvent

Won’t be if current taxpayers stop paying in

So riddle me this: interest payments on the debt are swelling. Do we stop paying for that, cut SS, or raise taxes on young people who can't afford to pay back their student loans?

Or...do we spur hyper inflation to deflate the debt and SS liability?

Or...do we allow unfettered immigration in the futile hope that people being paid under the table will voluntarily report and pay their SS taxes?

Take your pick. These are the only choices.

Neither

Raise retirement age to 70 for those under 30
End the annual SS contribution limit

That is a both cut in benefits and an increase in taxes, so you aren't proposing anything new.

 

[g5000]

Two years
No big deal 40 years from now

Bullshit. It's already too high.

I'm not screwing my kids.

We are living DECADES longer than our ancestors. We should be WORKING longer.

Common sense.

 

[Lesh]

That is a both cut in benefits and an increase in taxes, so you aren't proposing anything new.

Not only is he screwing his own kids...but raising that cap means that's not necessary.

In fact if ever return to fiscal sanity we can DROP the age to 66

 

[Lesh]

We are living DECADES longer than our ancestors. We should be WORKING longer.

Common sense.

Men live less long than women.

Blacks live less long than whites

People who do manual labor are BROKEN by the time they're 65...let alone 70

 

[g5000]

We are living DECADES longer than our ancestors. We should be WORKING longer.

Common sense.

Men live less long than women.

Blacks live less long than whites

People who do manual labor are BROKEN by the time they're 65...let alone 70

So? That was all just as true when Social Security was invented.

Men, women, and blacks are all LIVING longer, we should all be WORKING longer.

Common. Fricking. Sense.

 

[boedicca]

That is a both cut in benefits and an increase in taxes, so you aren't proposing anything new.

Not only is he screwing his own kids...but raising that cap means that's not necessary.

In fact if ever return to fiscal sanity we can DROP the age to 66

He is suggesting that all kids be screwed.

If we privatized so that people owned their own accounts, individuals would have assets they can pass along to their own kids instead of being wasted by the government.

 

[Lesh]

So? That was all just as true when Social Security was invented.

Men, women, and blacks are all LIVING longer, we should all be WORKING longer.

Common. Fricking. Sense.

In case you missed it...we have been raising the age for a while and forcing manual laborers to work when they broken...

We've also stolen retirement years from people for a while and you want to steal more from our kids.

No thanks

 

[WinterBorn]

How about we demand that Congress repay what they owe from "borrowing" from the fund?

Every administration has done it since it was made legal to do so. But not one has made any attempt to repay a dime.

 

[g5000]

So? That was all just as true when Social Security was invented.

Men, women, and blacks are all LIVING longer, we should all be WORKING longer.

Common. Fricking. Sense.

In case you missed it...we have been raising the age for a while and forcing manual laborers to work when they broken...

We've also stolen retirement years from people for a while and you want to steal more from our kids.

No thanks

Our cowardly Congress raised the retirement age from 65 to 67 way back in 1982, but the fixed it so it would not take full effect until forty years in the future!

So while they added TWO years to the retirement age, our life expectancy in the same period increased by FOUR years.

We are LIVING longer, we should be WORKING longer.

Common. Fricking Sense.

 

[g5000]

In 1935, when Social Security was enacted, only 5.4 percent of the population was over 65.

In 1965, when Medicare was added, 9 percent of the population was over 65.

Today, 15 percent of the population is over 65.

A LARGER AND LARGER percentage of the population is being supported by a SMALLER AND SMALLER percentage.

This is a screamingly obvious unsupportable trend.

Common sense isn't so common, after all.

 

[rightwinger]

Two years
No big deal 40 years from now

Bullshit. It's already too high.

I'm not screwing my kids.

70 is the new 60

More people are living into their 90s, SS can't pay that long

 

[francoHFW]

Everything is fine, Social Security being in trouble is the number one myth according to the AARP. To watch out for the lying thieving GOP...
The Myth of the Missing Social Security Trust Fund : FedSmith.com

 

[rightwinger]

So? That was all just as true when Social Security was invented.

Men, women, and blacks are all LIVING longer, we should all be WORKING longer.

Common. Fricking. Sense.

In case you missed it...we have been raising the age for a while and forcing manual laborers to work when they broken...

We've also stolen retirement years from people for a while and you want to steal more from our kids.

No thanks

If you are in manual labor you need to either save in a 401k to retire early or find less stressful work as you get older

 

[g5000]

So? That was all just as true when Social Security was invented.

Men, women, and blacks are all LIVING longer, we should all be WORKING longer.

Common. Fricking. Sense.

In case you missed it...we have been raising the age for a while and forcing manual laborers to work when they broken...

We've also stolen retirement years from people for a while and you want to steal more from our kids.

No thanks

If you are in manual labor you need to either save in a 401k to retire early or find less stressful work as you get older

Manual labor isn't what it used to be. It isn't like guys are still digging ditches with shovels; all day, every day, for years on end.

 

[CrusaderFrank]

In 1935, when Social Security was enacted, only 5.4 percent of the population was over 65.

In 1965, when Medicare was added, 9 percent of the population was over 65.

Today, 15 percent of the population is over 65.

A LARGER AND LARGER percentage of the population is being supported by a SMALLER AND SMALLER percentage.

This is a screamingly obvious unsupportable trend.

Common sense isn't so common, after all.

Invest it in equities. Had it been in equities since 1988 it would be over $9 Trillion today

Invest the Social Security Trust Fund in US Equities

 

[CrusaderFrank]

Everything is fine, Social Security being in trouble is the number one myth according to the AARP. To watch out for the lying thieving GOP...
The Myth of the Missing Social Security Trust Fund : FedSmith.com

"These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problem..." -- Barney Frank, 2003

 

[IM2]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

No we don't need private companies speculating with the money we put into our retirement.

 

[rightwinger]

we can shore up the program and end the raid on the trust fund. we can create an ownership society and individuals can own a piece of the action!

No we don't need private companies speculating with the money we put into our retirement.

How many retirement systems folded?
We need Government

 

[g5000]

Look, man. One month at Trump U and you are set for life! Who needs Social Security when you could be a billionaire real estate tycoon like Trump, taught by his handpicked scam artists instructors?

Just hand over your life savings to the bigly teachers at Trump U and never worry about your future again!