Social Security - your thoughts?

#53
#53
I tried to get my step mother on disability when she was in a induced coma . She was 62 and had paid into it since she was 16 . They called me 3 days after she died to deny her claim.
I provided a letter from her doctor saying she would never be gainfully employed again. It was her second attempt for help.

I know a dope addled person that had a car wreck and got on disability in her 40's . She cleaned houses when she needed extra money.
 
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#55
#55
#58
#58
Vol8188 said:
Sure; but how is the money going to them? That’s the piece of the puzzle you’re leaving out.
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Kickbacks funded by lobbyists who benefit from keeping the bulk of their money at your expenses. They got business ties all over, include Russia (less now perhaps), China, Algeria, Angola, Arabia, Jordan, and a host of other dictators and other questionable government entities. Who grant economic favoritism at the expense of their own people. Corporate America and Congress walk hand in hand in filth out of the public eye. And share the financial benefits of doing so. But you know that, dontcha?
 
#59
#59
WoodsmanVol said:
Kickbacks funded by lobbyists who benefit from keeping the bulk of their money at your expenses. They got business ties all over, include Russia (less now perhaps), China, Algeria, Angola, Arabia, Jordan, and a host of other dictators and other questionable government entities. Who grant economic favoritism at the expense of their own people. Corporate America and Congress walk hand in hand in filth out of the public eye. And share the financial benefits of doing so. But you know that, dontcha?
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Sounds like you just made a great pitch for why we should vote for limited government
 
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#60
#60
Vol8188 said:
Sounds like you just made a great pitch for why we should vote for limited government
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WHAT IN THE WHOLE FREAKING WORLD EVER GAVE YOU THE IDEA I'M NOT IN FAVOR OF LIMITED GOVERNMENT????
You see, you're so focused on your own narrow views, you can't see what I've bluntly stated in the past. My views are closer to you rigid rightists than you care to acknowledge. The difference is, I just call the shots as I see them, and at times, they favor neither side, just the truth. You people are a lost cause.
 
#61
#61
WoodsmanVol said:
WHAT IN THE WHOLE FREAKING WORLD EVER GAVE YOU THE IDEA I'M NOT IN FAVOR OF LIMITED GOVERNMENT????
You see, you're so focused on your own narrow views, you can't see what I've bluntly stated in the past. My views are closer to you rigid rightists than you care to acknowledge. The difference is, I just call the shots as I see them, and at times, they favor neither side, just the truth. You people are a lost cause.
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Didn’t you just state the power and influence of government benefits the politicians and corporations at the expense of the masses?

Is that not what you’re claiming when you say lobbyists and politicians have made themselves wealthy from the SS fund?
 
#62
#62
Vol8188 said:
Didn’t you just state the power and influence of government benefits the politicians and corporations at the expense of the masses?
Is that not what you’re claiming when you say lobbyists and politicians have made themselves wealthy from the SS fund?
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I think you have fleas. But maybe it's OK, cause nitpickers gonna nitpick.
nitpicking-monkeys.jpg
 
#63
#63
WoodsmanVol said:
I think you have fleas. But maybe it's OK, cause nitpickers gonna nitpick.
nitpicking-monkeys.jpg
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It’s not nitpicking at all. It’s a central question that you should address personally. No different than how a trump voter should have to address his personal conduct and be comfortable with that before voting for him.

If you’re going to vote for a party that very openly campaigns for the expansion of government power and yet you believe that power is exploited by politicians for their own gain, then why do you continue voting for that expansion?
 
#65
#65
McDad said:
Educated, solid work ethic, blue and white collar.

Need them all.
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Not criminals and have a skill and can contribute would be ideal 😂 and if they went about it legally that would also be preferable 😂.. my husband worked with a Mexican who came here legally (corporate job in oil), and he and his wife are super pissed at the people who do it the wrong way, because they did it the right way
 
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#66
#66
Volunteer08 said:
As of late, more republicans are making headlines about extending the age of retirement, cutting Social Security benefits as a way to 1) preserve the program's longevity and 2) reduce the impact on our national debt. Democrats are arguing that no cuts should be made to Social Security, Medicare should be expanded and all increased costs should be paid for by high income earners ($400,000+).

I'm 37 and over the 16 years I've had a "real job" since graduating UT, I've been fortunate enough to "cap out" of the Social Security tax being withheld for a handful of those years. I feel I've paid a lot of money into the program already and each year that passes, I think my chances of seeing any of it in retirement appear to dwindle.

What does the board think about this?
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Don’t care. Won’t need SS. I have never thought I would get it. So I planned for it. As far as I am concerned, social security is ridiculous.
 
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#69
#69
KB5252 said:
This has been talked about since I was a kid. The issue is we add more takers and have fewer givers. I thinks it's the main reason behind our open border policy.

As pj said, it's really just a government sponsored pyramid scheme and the wheels are going to come off eventually.
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Same for me at 45…. It’s been SS won’t be around and we can’t leave this debt to our grandchildren.
 
#71
#71


$175,300,000,000,000 is the most important financial number in the world.

The amount is unfathomable. Here are two examples for context:

--The gross domestic product of every country on planet earth was only $104.5 trillion last year.
--$175.3 trillion is nearly as much as our federal government has spent on everything since the Constitution was written in 1787, even adjusted for inflation.

The Federal Government has been paralyzed. The last reform worthy of the name was 41 years ago next month.

So, Medicare is forecasted to start cutting benefits in just seven years. Social Security’s trust funds start running out of money in ten years. The funds are projected for depletion by 2041.

In 2013, then-U.S. Senator, the late Dr. Tom Coburn, warned that Congress was “drunk on spending.” Coburn highlighted the federal unfunded liabilities, which then were $128 trillion. Today, just ten years later, the financial picture is considerably worse – up nearly $50 trillion, or 39 percent!

Because of the size of the deficit, there is no clear path towards obtaining the funding needed. that means radical changes could be coming to two of the nation’s most fundamental services.

75-year Projections

The Treasury estimates that the U.S. will spend $215.7 trillion in the next 75 years to give Social Security and Medicare payouts to beneficiaries. In that period, collections – mostly through payroll taxes – are estimated at only $137.4 trillion.

The $78.3 trillion funding gap? According to the Yellin Report, it can only be generated through increased borrowing, higher taxes, reduced benefits, or some combination of these. All options are politically toxic, which is why Congress is hiding, hoping the problem will go away. And why no one in Washington DC wants to talk about the Yellin Report.

For example, more than half of the unfunded liability comes from Part B of Medicare, which covers “basic healthcare services” like doctor’s visits and equipment such as wheelchairs.

The “Infinite Horizon” Projection

It gets worse: the Yellin Report honestly tells us that the 75-year projection underestimates just how much extra cash is needed because that period does not include the years when most Social Security and Medicare dollars will be paid out.

Think about it. A child born today will pay massive taxes into Medicare and Social Security over the next 75 years. But the government will not have to send that person benefit checks until they are 62 years old, meaning the majority of payouts will occur more than 75 years from now.

Since this “infinite horizon” model covers an individual’s entire life, this model exposes even more funding gaps.

The Treasury estimates that current participants will use $105.4 trillion more from Medicare and Social Security than those same people pay into the programs through taxes.

“Future” participants, who are now younger than fifteen or even still in the womb, will use $69.9 trillion more than they contribute.

Combined, that is an absurd $175.3 trillion gap that Congress has been ignoring.

Here are how the unfunded liabilities break out by program:

Medicare Part A, which covers hospital visits, is projected to have $15.1 trillion more than it needs.
Medicare Part B is the largest liability with an unfunded $99.5 trillion.
Medicare Part D, for prescription drugs, will be missing $22.1 trillion.
Social Security needs an additional $68.8 trillion.
 
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#73
#73
Yeah, no way in hell was I going to be depending on SS benefits.

I'm a patriot. I love my country, but I will not be retiring there. Need a total overhaul
 
#75
#75
Orangeburst said:
What a cluster ****..good job you federalizers.
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and baby boomers, and anyone still fighting for any of it. we are just creating a worse situation down the road, but the greedy effers don't care, they just want to get theirs. too stubborn to realize that they could still get theirs AND fix the problem. but that's new and scary and they don't want any part of it.
 
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