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Thread: Social Security Payouts Are Already Crippling The Government This Year

  1. #21
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    then you are opposed to having social security continue
    you should posted that position and i would not bother to have responded
    i thought this thread was initiated based on a concern about the solvency of the social security program
    I am not opposed to it continuing. It just should not continue in its current format. Allowing for personal retirement accounts could go a long way.

    As for the solvency issue, there will no doubt have to big cuts and/or tax increases somewhere along the line. In essence, one generation is going to have to get screwed. Perosnally, as I am a self-interested person, I would rather that the older generation be the ones that get screwed as opposed to me. I make no secret of that.

  2. #22
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    but there is an easy, equitable way to make it solvent, by eliminating the cap
    either you want a solvent social security program or you do not
    pick your poison
    Neither. I want it eliminated and I want my money back so I can invest it the way I want to.

  3. #23
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by rivrrat View Post
    Neither. I want it eliminated and I want my money back so I can invest it the way I want to.
    sorry, the option of getting your money back does not exist

    unless you live long enough to receive it in small increments
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #24
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    sorry, the option of getting your money back does not exist

    unless you live long enough to receive it in small increments
    I will never live that long. They should not have stolen it to begin with, and the defunct, bankrupt program needs to be phased out asap.

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    unless you live long enough to receive it in small increments
    Most studies show you have to live past 90 years old to receive back what you paid in at current levels. This is not any actual gain, just getting back what you paid in. I could put that money in a CD earning even just 1% and I would be better off than under Social Security.

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by rivrrat View Post
    I will never live that long. They should not have stolen it to begin with, and the defunct, bankrupt program needs to be phased out asap.
    so, those generations who have aged with the government committment that social security benefits would be available to them upon retirement age are now just going to have to do without?
    a government which would do that to its people is not the government i want
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  7. #27
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by rivrrat View Post
    Neither. I want it eliminated and I want my money back so I can invest it the way I want to.
    If we all got that, it would devalue the dollar to the degree that we'd be getting pennies on the dollar anyway and there would probably be no market left to invest it in.

  8. #28
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by NolaMan View Post
    Most studies show you have to live past 90 years old to receive back what you paid in at current levels. This is not any actual gain, just getting back what you paid in. I could put that money in a CD earning even just 1% and I would be better off than under Social Security.
    how about breaking out a cite to reference the studies you speak about
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  9. #29
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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by FilmFestGuy View Post
    If we all got that, it would devalue the dollar to the degree that we'd be getting pennies on the dollar anyway and there would probably be no market left to invest it in.
    Eliminating social security would devalue the dollar? How exactly?

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    Re: Social Security Payouts Are Already Crippling The Government This Year

    Quote Originally Posted by justabubba View Post
    how about breaking out a cite to reference the studies you speak about
    CATO (and numerous other think tanks) have whole sections with tons of literature on the subject.

    Here is the CATO link.

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