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Thread: Shock employment figures: Fewer than 46% of Americans have jobs

  1. #51
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by VanceMack View Post
    As I understand it, Social Security isnt a pay it forward system. This generation is paying for the SS for the last generation. The concern is that the tipping point has passed and that there arent enough people earning income today to pay for the retiree promises already made.
    The only problem I have with what you are saying is ... why is it underfunded now? SS was established in the 40's …. if I remember right .. it's either this year .. or next .. .that will be the first year that it has taken in less then it's paying out. Thats .. what 70 years of surpluses that have just disappeared. In my opinion that is our government stealing or cheating it's citizens in a big way.

    If this was any private business, and it was their retirement fund, we would be screaming for heads to roll, people to be jailed, and whatever else you can think of. Yet this is on a much larger scale and will impact literally every person that has ever worked, or is presently working.

    In my opinion this is where we the people have failed ourselves, we have allowed our government to go on a spending spree for years and years, consider this, our best fiscal period (recently) was during the Clinton years, yet even during those years, we added 1.5 trillion dollars to our debt. Simply put during our best time in modern history, we spend 176 billion dollars a year more then what we took in. again in my opinion, thats a sad state of affairs when we can look back over the last 30 to 40 years and say during the best of times we lost 176 billion dollars a year.

  2. #52
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    Re: Shock employment figures: Fewer than 46% of Americans have jobs

    Quote Originally Posted by Objective Voice View Post
    That right there is why Paul Ryan's 10-year budget plan will not win approval and also why the GOP will not win in 2012. Think about it...

    The Baby-Boomer generation, like the generation that came before them, has been paying into Social Security all their working life. It's fine that the GOP's plan will protect their benefits, but the next generation coming in after them who are around my ago (40-60) who have also worked 20+ years and don't have long before we retire see this and go, "WTF?! This guy just threw us under the bus!" With 401K plans for many near-term retirees losing money from the economic crisis due to poor investment strategies on Wall Street, state municiple bond markets also going stagnate, pay raises for many hard workig American have being frozen yet many are being asked to pay more toward their retirement, and now all this talk of Medicare benefits and SS being "means tested", there's just no way such a proposal by the GOP could be taken seriously by the voter on my generation. It's BS! Plain and simple.

    As X-Factor and StillBallin75 have both stated, "we're entitled to what we paid into SS all of our working lives." It doesn't matter how well anyone whose near retirement has planned for their retirement and if it does look like Senior Citizen A has planned better for same than Senior Citizen B. The fact is I've paid into the system now for well over 25 years. It's my money! MINE! And neither side of the political spectrum gets to change the system in the middle of the game where heads THEY win, tails the near-term retirees lose.
    That is not the next generation because that makes you a baby boomer.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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