Social Security.

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Comments

  • macgyver06
    macgyver06 Posts: 2,500
    jlew24asu wrote:
    I feel free and see no need to oust the government. they are corrupt though. they need to stop wasting our hard earned tax dollars

    thats because you seem like the type that doesn't care until something bad happens to you.
  • macgyver06
    macgyver06 Posts: 2,500
    lol..as much i don't like ben franklin...could you imagine him not voicing his opinion his entire life..

    those people in that room last night are scared, because an outburst means their stupid career is over.

    that is shocking and sad.
  • jlew24asu
    jlew24asu Posts: 10,118
    macgyver06 wrote:
    thats because you seem like the type that doesn't care until something bad happens to you.
    and you seem like the type that can take a book of matches, an orange, and a box of marbles and save a building from imminent collapse.

    http://www.rdanderson.com/macgyver/macgyver.htm
  • SundaySilence
    SundaySilence Posts: 537
    macgyver06 wrote:
    Do you all think this can be saved?

    Have you seen the numbers.

    My generation is being screwed by the selfish wealthy, as if there arent enough obstacles to maintain a steady personal economic gain in this economy!
    I'm 23 and will never see Social Security money. Nor do i want to.

    I will not accept slave wages!

    Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.

    According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
  • macgyver06
    macgyver06 Posts: 2,500
    SundaySilence wrote:
    Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.

    According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. And these numbers are based on a slow growing economy. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.

    your missing human aspects.
    oh and in 2018..thats the year it will go bankrupt...maybe 2020.

    our economy doesnt really grow...it gets larger as a bigger market arises and more people are born. It's very balanced and under control, to avoid a crash.
    which is solid..it should never crash again.

    but to say its growing doesnt mean its better than yesterday..just means its not shrinking. ( does that make sense? hard to explain. )

    theres more people, more people making shitty wages, more people making ridiculous wages..more people in the middle. and its still been on the decline since the program started.

    oh and the big factor is...we are living longer.
  • 1970RR
    1970RR Posts: 281
    SundaySilence wrote:
    Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.

    According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. And these numbers are based on a slow growing economy. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
    Of course, that surplus you speak of consists of a gigantic pile of IOU's from the government. Where is the money coming from to pay it back?
  • macgyver06
    macgyver06 Posts: 2,500
    and its not an alarm..its a fact.
  • jlew24asu
    jlew24asu Posts: 10,118
    I admit I dont know much about this issue but I would be happy to see it gone.
  • macgyver06
    macgyver06 Posts: 2,500
    it will be soon, but they dont care..lets ride it out...because the government is a bunch of silent tools.
  • SundaySilence
    SundaySilence Posts: 537
    1970RR wrote:
    Of course, that surplus you speak of consists of a gigantic pile of IOU's from the government. Where is the money coming from to pay it back?

    Social Security has its own dedicated tax. And it has been run responsibly. It is the rest of government that has not. If the Social Security surplus has been spent in Iraq why is that a Social Security crisis?
  • macgyver06
    macgyver06 Posts: 2,500
    SundaySilence wrote:
    Social Security has its own dedicated tax. And it has been run responsibly. It is the rest of government that has not. If the Social Security surplus has been spent in Iraq why is that a Social Security crisis?

    you are aware the output of money exceeds the input..
  • JamMastaE
    JamMastaE Posts: 444
    economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
    "In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain


    "I would rather die on my feet than to live on my knees."
    Emiliano Zapata
  • macgyver06
    macgyver06 Posts: 2,500
    JamMastaE wrote:
    economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"

    :)
  • farfromglorified
    farfromglorified Posts: 5,700
    JamMastaE wrote:
    economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"


    Hehe..."third world status".

    Tell me, when's the next aid shipment arriving in Beantown?
  • macgyver06
    macgyver06 Posts: 2,500
    i dont think we are third world yet..but it isn't out of the question. you cannot spend 3 decades at war and at the same improve culturally and improve in technology. What does America Produce.. exactly... we cannot stay at war forever.
  • jlew24asu
    jlew24asu Posts: 10,118
    JamMastaE wrote:
    economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
    this is the dumbest thing I ever heard
  • miller8966
    miller8966 Posts: 1,450
    You cant live off of social security alone..to many people for the system to work.

    And the rich shouldnt be heavily taxed to support the poor.
    America...the greatest Country in the world.
  • JamMastaE
    JamMastaE Posts: 444
    farfromglorified wrote:
    Hehe..."third world status".

    Tell me, when's the next aid shipment arriving in Beantown?



    you think that shits funny,look up the definition of "third world country"moron.
    "In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain


    "I would rather die on my feet than to live on my knees."
    Emiliano Zapata
  • know1
    know1 Posts: 6,801
    I'm not counting on a penny.

    The only thing that bothers me is the waste of it all. They take all that money from my paycheck and supplement it from my employer and the return is terrible! At this point, they'd be better off taking it to the casino.

    If they kept every penny I've contributed and just began letting me keep HALF of what they're taking from this point FORWARD, I'd be in much better shape.

    I don't understand why it's even an issue. It should be done away with immediately and it should be obvious.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • jlew24asu
    jlew24asu Posts: 10,118
    macgyver06 wrote:
    i dont think we are third world yet..but it isn't out of the question. you cannot spend 3 decades at war and at the same improve culturally and improve in technology. What does America Produce.. exactly... we cannot stay at war forever.
    have you lost your mind too? do you even know what a "third world country" is?

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