Page 10 of 28 FirstFirst ... 8910111220 ... LastLast
Results 91 to 100 of 279

Thread: Social Security To Go Bust By 2030: CBO

  1. #91
    Sage
    Lord of Planar's Avatar
    Join Date
    Dec 2012
    Location
    Portlandia
    Last Seen
    Today @ 12:20 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    23,274

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Carleen View Post
    Free lunch? I paid into Soc Sec for 30 years. Now I am collecting what I put in.
    Only 30 years?

    I've been paying into it since 1975. I don't plan to collect from it for some time yet.

  2. #92
    Sage
    shrubnose's Avatar
    Join Date
    Jan 2013
    Location
    Europe
    Last Seen
    11-29-17 @ 03:46 AM
    Gender
    Lean
    Centrist
    Posts
    18,851
    Blog Entries
    2

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Lord of Planar View Post
    Please tell us.

    What financial institution is this fund located in?



    Up in the clouds.

    This is not real money-It's money that the U.S. government borrowed from all of the retired peoples pension funds and spent in Vietnam, Iraq, Afghanistan and etc.

    Don't hold your breath waiting for it to show up.

  3. #93
    Sage
    shrubnose's Avatar
    Join Date
    Jan 2013
    Location
    Europe
    Last Seen
    11-29-17 @ 03:46 AM
    Gender
    Lean
    Centrist
    Posts
    18,851
    Blog Entries
    2

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Carleen View Post
    Free lunch?
    I paid into Soc Sec for 30 years.
    Now I am collecting what I put in.



    I paid in for 46 years, started working when I was 16.

    What do you think that my chances are of collecting until I kick the bucket (I'm 71 now.)?

  4. #94
    Guru
    Gringo allstar's Avatar
    Join Date
    Jun 2014
    Location
    Detroit area
    Last Seen
    07-27-17 @ 05:56 PM
    Gender
    Lean
    Undisclosed
    Posts
    3,215

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Carleen View Post
    I'm in my seventies, so the chances I'll be around after 2030 doubtful.
    Hang in there kid!

  5. #95
    Guru
    Gringo allstar's Avatar
    Join Date
    Jun 2014
    Location
    Detroit area
    Last Seen
    07-27-17 @ 05:56 PM
    Gender
    Lean
    Undisclosed
    Posts
    3,215

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Carleen View Post
    If you lack faith in politicians then you don't believe there will be a solution.
    :

  6. #96
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 07:50 PM
    Lean
    Undisclosed
    Posts
    89,919

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by JoeTheEconomist View Post
    This isn't a Self-fulfilling prophecy.
    Yes it most certainly is. It is a cynical attempt to lay the groundwork to weaken the support of the American people for sustaining Social Security and increase the expectations that they will not benefit from it. Once that dynamic grows and takes hold, it then removes the so called third rail from being in play and makes it politically possible for politicians on the right to kill a program they have always hated going back to its inception.

    And your posts here are part of that effort. And you should be ashamed.

    This is so obvious. You keep bitching, carping, moaning and crying that there simply is not enough money to sustain the program. Got it. Its a money problem. But when I and others come along and say pop the cap but freeze current benefit levels to inflation, you trot out this stupid "you want to change the program and kill SS" meme which borders on Alice In Wonderland Mad Hatter upside down thinking because such an idea will go a long long way to saving benefits for people for a very long time.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  7. #97
    Sage
    Visbek's Avatar
    Join Date
    Nov 2011
    Last Seen
    Today @ 05:38 PM
    Lean
    Other
    Posts
    10,017

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by JoeTheEconomist View Post
    That is life expectancy of a baby - which is a completely irrelevant data point in a pension system.....
    Part of life expectancy statistics is infant mortality. The rest, as the SSA points out, is life expectancy when you attain adulthood.

    For men in 1940, if they made it to 21 their life expectancy was 53.9 years; by 1990, it was 72.3 years. For women, it's jumped from 60.6 years to 83.6 years.

    For men in 1940, if they made it to 65 their life expectancy was another 12.7 years, and by 1990 it was 15.3 years. For women, 14.7 to 19.6. In addition, the percentage of the US population that is over 65 has grown, from 6.8% in 1940 to 12.4% in 2000. (Social Security History)

    The average age of retirement has also apparently dropped. In 1940, it was 68; by 1995 it was 64.




    And what about changes in the number of years worked, compared to the number of years in retirement? According to the BLS, it looks like this....




    Heritage has a pretty good article on this: Time to Raise Social Security


    People are working less, retiring earlier, and living longer, at a time when there are fewer workers who have to support more retirees. I will gladly admit that simply stating "life expectancy" is a bit oversimplified, but the essence is correct. To suggest that the changes in life expectancy haven't contributed to the issues facing SS is slightly ridiculous.

  8. #98
    Banned
    Join Date
    Jul 2011
    Last Seen
    09-27-16 @ 12:59 PM
    Lean
    Liberal
    Posts
    5,189

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by MrVicchio View Post
    Nope. You paid thirty years for others. There be less workers. Too bad.
    Well, I'm drawing now and I enjoy spending your money.

    I wonder how much marijuana your money will buy me next week when I travel to Colorado?

  9. #99
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by Texmex View Post
    Well, I'm drawing now and I enjoy spending your money.

    I wonder how much marijuana your money will buy me next week when I travel to Colorado?
    You can't get under my skin. While people like you giggle it's people like my kids that will have to clean up the failure of your generations mess in 20 years. Here's hoping it's sooner, just so you can "enjoy" the repercussions of your laughs.
    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.



  10. #100
    Educator
    mtm1963's Avatar
    Join Date
    Dec 2009
    Location
    Tennessee
    Last Seen
    05-25-17 @ 04:46 AM
    Gender
    Lean
    Independent
    Posts
    1,067

    Re: Social Security To Go Bust By 2030: CBO

    Quote Originally Posted by JoeTheEconomist View Post
    There is no difference between the securities in the intragovernmental holdings and the securities in the publicly held. So you are right, but the information isn't useful. Whether the govt honors its debts in the future is unknown. No one at this point suspects that it will not honor the debt held by the Trust Fund.

    Again, if the Trust Fund isn't real, how did scheduled benefits get paid.
    the trust fund exist on paper but there is NO money in it.

    benefits are paid from the SS tax on everyone's pay check.
    Go Vols

Page 10 of 28 FirstFirst ... 8910111220 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •