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Is Social Security viable or not?

Discussion in 'The Okie Corral' started by frank4570, Apr 7, 2013.

  1. NAS T MAG

    NAS T MAG

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    Why can't you (not just you) understand that the system was always that way. You never got back "your" money. It had been paid to someone else. The money I currently receive is being paid by someone else. There is no one alive in the US that won't eventually receive SS. The eligibility age may be 80, but the system will remain intact.

    I've calculated that I have received about 6 times the amount I contributed since I started paying in 1959. Some of you were just born at the wrong time in history. You'll just have to work longer.
     
  2. The Machinist

    The Machinist Please! Please! No more!

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    Social Security is just another layer of federal taxation. It's not a trust fund, and you didn't "pay into" it. You were taxed to pay for an unsustainable pyramid scheme, and most of you, sadly, are just fine with the federal government stealing from future generations to pay for your bit of the gravy train.
     

  3. MedicOni

    MedicOni

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    It's not viable. And i wish there was some way I could just not pay it. I'm not wanting to pay for someone else's retirement when in all liklihood I won't see a dime of it.
     
  4. 427

    427

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    We're, as a nation, are almost 17 trillion in debt and running trillion + yearly deficits. We're broke! Given those numbers, who thinks there's still treasure left in the treasury?

    The thing is the older generation(s) want what they "paid" in. It's gone! They expect the current and future generations to pay for them.

    I don't want to pay. I want to pay for my future, my retirement but instead, I'm forced to pay taxes for promises made by politicians.

    Let's be honest, the current and future workers will never have it as good as the current and past retirees. They set themselves up at expense of the future, but what do they care?
     
  5. Dennis in MA

    Dennis in MA Get off my lawn

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    Solution: Kill all the Baby Boomers. It's their fault anyhow. (Paid too little in, will get too much out.)

    Expect reductions in the COLA and cut in bene's for people with AGIs higher than X.

    They can make it survive, but people won't like it.
     
  6. paynter2

    paynter2 It ain't over Millennium Member

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    I understand your frustration... But I'm, right now, watching the FED 'borrow' into existence $1 trillion per year. They will demand interest on that money and the next generation(s) will be responsible for that debt.

    I vote conservative, for the most part (GW was not a conservative). I write to my Congressional representatives, I try to talk sense to Dims. It doesn't seem to be working - the FED is still printing.

    So, what are you doing to protect the next generation? What are you doing right now that the older generation failed to do 30 years ago?

    I'm going to edit this post to say... CaptCave: I don't mean 'you' specifically. I didn't mean to single you out. I mean 'you' who think the current generation of SS recipients should have done something to ensure the system was/is viable.
     
    Last edited: Apr 7, 2013
  7. ChuteTheMall

    ChuteTheMall Wallbuilder and Weapon Bearer

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    If someone steals from me, I demand restitution.

    I shed no tears for the younger (under 30) voters who overwhelmingly (66%) elected Obama.
     
  8. Cali-Glock

    Cali-Glock Mountain Man

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    Of course it is not viable.
     
  9. Wyoming

    Wyoming

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    Remember when Gov. Richard called SS a ponzi scheme and the press went berserk?

    Well I think it does qualify as a ponzi scheme.




    From Wikipedia, the free encyclopedia

    A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.[1]

    The scheme is named after Charles Ponzi,[2] who became notorious for using the technique in 1920.[3] Ponzi did not invent the scheme (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme),[4] but his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments to earlier investors and himself.
     
  10. JohnBT

    JohnBT NRA Benefactor

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    "If you're for stealing from me to fund your stuff because that's what your generation voted for"

    We're lucky in this country if the voter turnout reaches 50%. But surely you knew that. Oh wait, you think only the Baby Boomers got to vote back then? That must be it. ;)
     
  11. m51

    m51

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    Yup, exactly, its the law. Build a bridge and get over it.
     
  12. ChuteTheMall

    ChuteTheMall Wallbuilder and Weapon Bearer

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    I don't know any Boomers who voted for FDR, and I know many who haven't voted for any Demonrats since the Watergate era, if ever.

    There are a handful of third party nutcases, but I don't count them among actual voters.:tinfoil:

    ________________
    Posted from the Obamaphone of some junkie drawing SSDI but who never paid into it.
     
  13. certifiedfunds

    certifiedfunds Tewwowist

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    Ahh, thieves with a ballot in their hand


    Posted using Outdoor Hub Campfire
     
  14. certifiedfunds

    certifiedfunds Tewwowist

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    Me too. So when will the old geezers on the socialist security and Medicare teats start paying me back?


    Posted using Outdoor Hub Campfire
     
  15. m51

    m51

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    Yup first of the month, every month. That is my federal pension, but in about 5 months I will be getting my SS monthly benefit too. Life is good CF, thanks for your monthly contribution. I use it wisely. most of the time.
     
  16. certifiedfunds

    certifiedfunds Tewwowist

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    Hopefully Medicare cuts will render them doctor-less and nature will handle things.


    Posted using Outdoor Hub Campfire
     
  17. certifiedfunds

    certifiedfunds Tewwowist

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    You'll want to rub a little balm on those teats so they don't get raw


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  18. m51

    m51

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    We won't, when you are still crying about these wonderful programs we will probably be taking the dirt nap. Get over it and just pay up.
     
  19. m51

    m51

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    None needed, too busy spending money here, get over it.
     
  20. NAS T MAG

    NAS T MAG

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    "Boom"