Socail Security

Jim80 · 07-03-09, 07:47 PM

removed ...

Jim

MallenManson · 07-03-09, 08:07 PM

And OUR government wonders why the American people despise them. I've been paying social security tax since i was 16, which would be 1985 and by the time I reach retirement age, it'll probably all be gone
Thank God I'm pretty much living in my retirement

cassidyta · 07-03-09, 08:29 PM

While I am pretty sure that social security is dying on the vine, the e-mail above is false.

It was based on a one time payment from the Candaian government to somalia refugees.

http://www.snopes.com/politics/immigration/refugees.asp

Jim80 · 07-03-09, 08:32 PM

I admit I didn't research it just copied and pasted from my email .

Jim

WTL · 07-03-09, 08:54 PM

DO NOT believe chain emails.

There are plenty of arguments against social security without resorting to false assertions.

Marty · 07-04-09, 08:02 PM

Quote:

I've been paying social security tax since i was 16, which would be 1985 and by the time I reach retirement age, it'll probably all be gone

I know that's a commonly held opinion, but I'm virtually positive that the program will still be available for you. When things get really dire and time is getting close for the system to go broke, then the politicians will act. There are too many people who are invested in the system and who vote for Congress to let it die.

nofearengineer · 07-04-09, 08:59 PM

Marty,

You're right. Social Security isn't broke. As long as you count a big ol' IOU as real money. The government decided they would "borrow" all of the money from the Social Security Trust. The best example of what the government does when we're naive enough to let them watch our money for us. And still the population doesn't learn....

WTL · 07-05-09, 10:48 AM

Quote:

Originally Posted by Marty

I know that's a commonly held opinion, but I'm virtually positive that the program will still be available for you. When things get really dire and time is getting close for the system to go broke, then the politicians will act. There are too many people who are invested in the system and who vote for Congress to let it die.

Marty, the problem (and reason politicians drag their feet on SS) is that it is not a very sustainable idea at its very core.

But obviously, something will have to be done with the liabilities it represents. I think they unstated idea is it will require the biggest bailout in the history of bailouts to sure up, and after that who knows what the future of the program will be for new workers.

WTL · 07-05-09, 10:49 AM

Marty, the problem (and reason politicians drag their feet on SS) is that it is not a very sustainable idea at its very core.

But obviously, something will have to be done with the liabilities it represents. I think they unstated idea is it will require the biggest bailout in the history of bailouts to sure up, and after that who knows what the future of the program will be for new workers.

I would be happy if we bailed it out in exchange for making participation optional.

1/4 stick · 07-05-09, 12:08 PM

Before they can "save" ss, they need to restructure it. As it stands, they pay tons of people to trade paperwork with each other, answer phones, and tell people, "I don't know."

Marty · 07-06-09, 08:19 PM

I think eventually they will make the tough decisions to keep the program going. Such as:

1. Eliminating the cap on how much of one's income is subject to the tax

2. Gradually increasing the age to receive benefits

3. Reducing or eliminating benefits to those whose income is above a certain level

I'm not looking for an argument on this. That's my opinion on what I think will happen, not an endorsement or rejection of the policy.

07-03-09, 07:47 PM	#1
Jim80 BassFishin.Com Super Veteran Join Date: Apr 2008 Location: Thomaston CT Posts: 3,862	Socail Security removed ... Jim __________________ In memory of Zooker 1/11/73-7/2/2010. You will be sorely missed and never forgotten. Last edited by Jim80; 07-03-09 at 10:40 PM.

07-03-09, 08:07 PM	#2
MallenManson BassFishin.Com Premier Elite Join Date: Mar 2009 Location: Beulah, Michigan Posts: 6,431	And OUR government wonders why the American people despise them. I've been paying social security tax since i was 16, which would be 1985 and by the time I reach retirement age, it'll probably all be gone Thank God I'm pretty much living in my retirement __________________ Bass fear me. Women pepperspray me.....

07-03-09, 08:29 PM	#3
cassidyta BassFishin.Com Super Veteran Join Date: Jul 2008 Location: San Diego, CA Posts: 2,928	While I am pretty sure that social security is dying on the vine, the e-mail above is false. It was based on a one time payment from the Candaian government to somalia refugees. http://www.snopes.com/politics/immigration/refugees.asp __________________ If you have ever wondered if you should retie, the answer is yes.

07-03-09, 08:32 PM	#4
Jim80 BassFishin.Com Super Veteran Join Date: Apr 2008 Location: Thomaston CT Posts: 3,862	I admit I didn't research it just copied and pasted from my email . Jim __________________ In memory of Zooker 1/11/73-7/2/2010. You will be sorely missed and never forgotten.

07-03-09, 08:54 PM	#5
WTL BassFishin.Com Premier Elite Join Date: Dec 2001 Location: Huntsville, Al Posts: 7,466	DO NOT believe chain emails. There are plenty of arguments against social security without resorting to false assertions. __________________ Selling live waterdogs for less since 2005.

07-04-09, 08:59 PM	#7
nofearengineer BassFishin.Com Premier Elite Join Date: Mar 2009 Location: Southwest IN Posts: 5,630	Marty, You're right. Social Security isn't broke. As long as you count a big ol' IOU as real money. The government decided they would "borrow" all of the money from the Social Security Trust. The best example of what the government does when we're naive enough to let them watch our money for us. And still the population doesn't learn.... __________________ Many men go fishing all of their lives without knowing it is not fish they are after.

07-05-09, 10:49 AM	#9
WTL BassFishin.Com Premier Elite Join Date: Dec 2001 Location: Huntsville, Al Posts: 7,466	Marty, the problem (and reason politicians drag their feet on SS) is that it is not a very sustainable idea at its very core. But obviously, something will have to be done with the liabilities it represents. I think they unstated idea is it will require the biggest bailout in the history of bailouts to sure up, and after that who knows what the future of the program will be for new workers. I would be happy if we bailed it out in exchange for making participation optional. __________________ Selling live waterdogs for less since 2005.

07-05-09, 12:08 PM	#10
1/4 stick BassFishin.Com Super Veteran Join Date: Jul 2006 Location: Fayetteville, N.C. Posts: 3,529	Before they can "save" ss, they need to restructure it. As it stands, they pay tons of people to trade paperwork with each other, answer phones, and tell people, "I don't know." __________________ Just a redneck having fun. https://www.youtube.com/user/donaldvlogsify

07-06-09, 08:19 PM	#11
Marty BassFishin.Com Super Veteran Join Date: Feb 2004 Location: Rochester, NY Posts: 1,580	I think eventually they will make the tough decisions to keep the program going. Such as: 1. Eliminating the cap on how much of one's income is subject to the tax 2. Gradually increasing the age to receive benefits 3. Reducing or eliminating benefits to those whose income is above a certain level I'm not looking for an argument on this. That's my opinion on what I think will happen, not an endorsement or rejection of the policy. __________________ Meeting expenses is easy...they're EVERYWHERE The difference between genius and stupidity is that genius has its limits Rochester, NY

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