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

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

    Quote Originally Posted by donc View Post
    The new seventy in now eighty.

    I'm only 43. I'll be 90 by the time I get mine. LOL

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

    Quote Originally Posted by Harry Guerrilla View Post
    Andrew Jackson was the last president to pay off the national debt.

    Any romanticism of Clinton or Reagan, any person who pretended to do greatness is false.
    Not greatness, Not romanticism. Clinton just left it better than when he started. Reagan started us on the road to maximum deficit spending. No greatness there.
    "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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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by Erod View Post
    I'm only 43. I'll be 90 by the time I get mine. LOL
    Why are you worried about it? You have plenty of time to save for your future.
    I have never relied on SS for my retirement. If it's there, fine. If not, I have taken the steps to survive without it.
    "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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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by donc View Post
    With every post you make you confirm to the fence setters that you’re the biggest partisan hack on DP. Keep up the good work.
    Care to explain how I'm wrong instead of just throwing out personal attacks and avoiding what I posted?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    Quote Originally Posted by donc View Post
    The new seventy in now eighty.
    lol

    If I had to rely at all on SS, I would not be able to retire until I was 90.

    Then I guess my 41 is the new 21? I wish!
    Fool me once, shame on you.
    Fool me twice....shame on me.

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

    Moderator's Warning:
    Social Security to start cashing Uncle Sam's IOUsWhy oh why must we post the same thing over and over and over again in thread after thread after thread? Debate the topic and not the poster. Cease with the personal attacks. Thread bans and/or infractions will follow if this continues.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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

    Quote Originally Posted by USA-1 View Post
    Why are you worried about it? You have plenty of time to save for your future.
    I have never relied on SS for my retirement. If it's there, fine. If not, I have taken the steps to survive without it.
    Because, when it's said and done, I will have paid hundreds of thousands of dollars out of my check to take care of others, and the big government has used it elsewhere for things it wasn't intended for.

    There will be hell to pay one day over this.

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

    Quote Originally Posted by Erod View Post
    Because, when it's said and done, I will have paid hundreds of thousands of dollars out of my check to take care of others, and the big government has used it elsewhere for things it wasn't intended for.

    .
    Like wars, nation building and Wall St bailouts? Hundreds of thousands of dollars paid in? How much do you make?
    Last edited by USA_1; 03-18-10 at 02:14 PM.
    "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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    Re: Social Security to start cashing Uncle Sam's IOUs

    Quote Originally Posted by USA-1 View Post
    Like wars, nation building and Wall St bailouts? Hundreds of thousands of dollars paid in? How much do you make?
    SS takes 12.4% out of every dollar you earn. You don't think that adds up to well over "hundreds of thousands of dollars" in the average person's lifetime? If someone makes $50k a year on average from age 20 until age 65, they will have paid $279,000 into Social Security.

    One of the biggest problems with these programs is that people don't really understand how much it costs them.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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

    Quote Originally Posted by RightinNYC View Post
    SS takes 12.4% out of every dollar you earn. You don't think that adds up to well over "hundreds of thousands of dollars" in the average person's lifetime? If someone makes $50k a year on average from age 20 until age 65, they will have paid $279,000 into Social Security.

    One of the biggest problems with these programs is that people don't really understand how much it costs them.
    You pay 6% into SS. 6% of 50k is $3000. Work 40 years and you will have paid 120k.
    "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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