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Thread: Social Security Fund to Be Empty by 2037

  1. #11
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    Re: Social Security Fund to Be Empty by 2037

    SS should be privatized and everyone who has paid into the system should be refunded while those on the system should keep benefits. I'm going to pay into a system my whole life and never receive the promised benefits. I heard in my history class that under the New Deal, the nation was going broke and in order to receive more money in revenue (in order to increase the US credit rating so they could borrow more money) FDR created SS. SS could have been intended to raise the US credit rating and be a form of double taxation, not a program for people. SS should be privatized, as of now the government is stealing from my paycheck as I will not likely see any benefit from SS when I get older.
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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by Dirty Harry View Post
    Not likely. The people have spoken
    Trained monkeys is what that shows. People so reliant on Gov't to care for them, and now Got'v is going broke.

    Cast off the gently laid yoke of slavery people, WAKE UP! We're better then this.
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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by MrVicchio View Post
    Trained monkeys is what that shows. People so reliant on Gov't to care for them, and now Got'v is going broke.

    Cast off the gently laid yoke of slavery people, WAKE UP! We're better then this.
    The majority of Americans are trained monkeys?
    The truth is most people want SS and Medicare and would sacrifice other government programs and even raise taxes to keep them. SS and Medicare are not going anywhere. SS didn't bankrupt this country. SS goes right back into the economy. The wars and waste did.

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    shocked2 Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by Whovian View Post
    FoxNews.com - Social Security Fund to Be Empty by 2037



    Essentially, the SS trust fund has a big IOU in it, and nothing else.

    Yup. I feel safe and secure about SS. How about you?
    The article says. there is a $2.5 trillion surplus. This is not IOU's, they are invested in U.S. securities which are backed by the government.


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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by MaggieD View Post
    If one is already receiving Social Security one has absolutely nothing to worry about. If one is older than 55 (my WAG), other than possibly tweaking the retirement age for full benefits upwards, no need for concern. If one is younger (whatever that age might be), I think one can expect that the system won't be the same by the time they get there....including benefits being fully taxable, even higher retirement ages for full benefits...and other changes that bring benefits in line with what a regular annuity would buy in the marketplace.

    In short, the creek won't rise too high. But don't count on the level staying the same.
    I agree with this but there's one important thing you're omitting:

    The Baby boomers.

    There's a lot of them retiring at the same time.
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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by Middleground View Post
    I agree with this but there's one important thing you're omitting:

    The Baby boomers.

    There's a lot of them retiring at the same time.
    I'm sure the baby boomers are figured in the prediction that SS will be exhausted by 2037. Still a lotta' smokers in that age group, so perhaps there's hope. ;-)
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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by pbrauer View Post
    The article says. there is a $2.5 trillion surplus. This is not IOU's, they are invested in U.S. securities which are backed by the government.
    The problem is the government is broke and can't pay.

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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by Middleground View Post
    I agree with this but there's one important thing you're omitting:

    The Baby boomers.

    There's a lot of them retiring at the same time.
    Boomers are retiring over a twenty year period.

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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by MaggieD View Post
    I'm sure the baby boomers are figured in the prediction that SS will be exhausted by 2037. Still a lotta' smokers in that age group, so perhaps there's hope. ;-)
    We shall see. :-)

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    Re: Social Security Fund to Be Empty by 2037

    Quote Originally Posted by Dirty Harry View Post
    The majority of Americans are trained monkeys?
    The truth is most people want SS and Medicare and would sacrifice other government programs and even raise taxes to keep them. SS and Medicare are not going anywhere. SS didn't bankrupt this country. SS goes right back into the economy. The wars and waste did.
    They want it because they've been trained to believe they aren't good enough to handle their own lives, aren't smart enough, have too many hurdles in the way.

    I'm saying we as a people are far better then a failed entitlement program, wake up.
    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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