Harry Guerrilla
DP Veteran
- Joined
- Dec 18, 2008
- Messages
- 28,951
- Reaction score
- 12,422
- Gender
- Male
- Political Leaning
- Libertarian
Clearly all of this is Obama's fault.
Of course, I never said that.
Clearly all of this is Obama's fault.
Boomers are just barely beginning to collect their SS benefits. It was the Greatest Generation that paid hardly anything into it yet have been collecting benefits for 40 years, much more than they paid into it. They have burned through all that money not the boomers. Try and cut their benefits and they will be the ones up in arms.
I know the democrats will never do anything about it but the republicans had 6 years to make some changes and totally blew their chance.
The only real solution economically is to just announce SS is dead, sorry no more payments.
Of course, people would completely freak out at that. Despite teh fact that keeping this going is just going to destroy the country... "I want mines". We're the generation that's gonna get FUBAR'd by SS.
I say bring on the fall at this point. Those ****ing idiots in DC pass this monstrosity called "Healthcare Reform" and the USA will collapse financially. Greed, kills.
Yep, that's why I said politicians.
I do not single out one group of politicians when both are at fault.
The fact remains that Boomers had an opportunity to leave this country better than how they received it.
They have failed us when it comes to the national budget and debt.
Clinton left this country better than when he received it. Bush did not. Obama will not.
The new seventy in now eighty.:2wave:
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.
I'm only 43. I'll be 90 by the time I get mine. LOL
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. :thumbs:
The new seventy in now eighty.:2wave:
Moderator's Warning: |
Why 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. |
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.
.
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.
You pay 6% into SS. 6% of 50k is $3000. Work 40 years and you will have paid 120k.
But you don't pay it.You think the part that your employer pays doesn't count?
That is part of your compensation you never get.
That isn't including interest.
You pay 6% into SS. 6% of 50k is $3000. Work 40 years and you will have paid 120k.
Perfect example of my second point.
Do you think that the 6% that your employer is responsible for comes out of thin air? If your employer were not responsible for paying 6.2% of your salary into social security, then you would be receiving something close to 6.2% of your salary in additional compensation.
You really believe that?
But you don't pay it.
You really think your employer would give that extra money to you?
Are you serious? That's sort of how a free market works.
Using your logic, why would any company pay you more than $5/hour? I mean, as long as every company does that, then it's not possible for you to make more.
Like wars, nation building and Wall St bailouts? Hundreds of thousands of dollars paid in? How much do you make?
That 6% would go towards profits. They would not give it back to you. You have your wage already set.
But you don't pay it.
You really think your employer would give that extra money to you?