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Thread: Social Security to start cashing Uncle Sam's IOUs

  1. #11
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    Re: Social Security to start cashing Uncle Sam's IOUs

    With modern medical technology, I'd say that working until 70 now is easier than working until 65 in the 30's. On the plus side, you can more easily appeal to both parties without raising taxes or cutting benefits.

  2. #12
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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by rathi View Post
    With modern medical technology, I'd say that working until 70 now is easier than working until 65 in the 30's. On the plus side, you can more easily appeal to both parties without raising taxes or cutting benefits.
    yea but telling people that they have to wait an additional 3 years, while their similar counter parts are retiring at 67, doesn't make the elder kind happy.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  3. #13
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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by Harry Guerrilla View Post
    yea but telling people that they have to wait an additional 3 years, while their similar counter parts are retiring at 67, doesn't make the elder kind happy.
    Probably a damn good thing I have retirement plans that don't include SS. My retirement date isn't for another 26years and I'm sure by that time the damn retirement age will have been raised to 80. What's the point? I've paid into the SOB since I started working at 14, think I'll see any of my money in return? Hell no.

    What may have helped, is paying those retirees benefits who actually PAID IN to the system. However many years they worked and contributed, that is how many years of benefits they receive. Although that's only a 'what if' scenario and too late anyway. IMHO, the damn thing should have never been a program to begin with.
    Fool me once, shame on you.
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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by RightinNYC View Post
    Don't you dare badmouth Social Security, it's the most beloved social program in all of history! Of course, that might be because it involved borrowing a few trillion from future generations, but that's just gobbledegook policy wonk bull****.

    The sooner this cluster**** gets fixed the better.
    Our generation is screwed.

  5. #15
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    Re: Social Security to start cashing Uncle Sam's IOUs

    If you want to talk about "Courage" in regards of taking up a portion of policy that no politician wants to touch, THIS would be it.

    Its not "Courage" to deal with Health Care, politicians have happily waded into that a number of times and GIVING entitlements tends to prove beneficial in elections.

    Courage would be tackling this Social Security issue which people on all sides recognize is completely and utterly broken and just getting worse and yet no politician wants to touch because its likely political suicide.

    I'm not sure if we'll have any politician with such Courage anytime soon

  6. #16
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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by Article
    Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors.
    Great!! It's about time. For all those years the politicians have been using 'borrowed' SS money rather than raise taxes or cut spending. The cows have come home, the chickens have roosted and it's time to pay the piper.
    Quote Originally Posted by TheGirlNextDoor
    I've paid into the SOB since I started working at 14, think I'll see any of my money in return? Hell no.
    Yeah, it's sad isn't it?

    I was told the same thing.....40 years ago...LOL
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by Ethereal View Post
    Our generation is screwed.
    Thats why we realized that SS isnt going to be there for us (if I make it that far). It why I have a 401k, a CD, a high interest savings account and I buy silver twice a month.
    Jackboots always come in matched pairs, a left boot and a right boot.

  8. #18
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    Re: Social Security to start cashing Uncle Sam's IOUs

    And if Obamacare gets passed, they'll be stealing even more SS money to apply to healthcare.

    Ah, the slippery slope of socialism.

  9. #19
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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by TheGirlNextDoor View Post
    Probably a damn good thing I have retirement plans that don't include SS. My retirement date isn't for another 26years and I'm sure by that time the damn retirement age will have been raised to 80. What's the point? I've paid into the SOB since I started working at 14, think I'll see any of my money in return? Hell no.

    What may have helped, is paying those retirees benefits who actually PAID IN to the system. However many years they worked and contributed, that is how many years of benefits they receive. Although that's only a 'what if' scenario and too late anyway. IMHO, the damn thing should have never been a program to begin with.

    The new seventy in now eighty.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by Taylor View Post
    A cut in benefits or higher retirement age seems more equitable. Let the boomers pay for the mess they created.
    The boomers were still in diapers when the mess was created.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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