If social security gets cancelled

[sirs]

Oh, there's plenty of screaming, but the media doesn't dare report it.  They probably will now, under a GOP controlled DC

[kimba1]

but would the GOP question it also. I hear about cutting budget in various areas but I do not ever heard where the money goes.

[Christians4LessGvt]

Kimba....I really would not worry about Social Security getting cancelled by Republicans. That is not going to happen. We can't allow our seniors to suffer that fate. In fact we need to stop wasting so much money over-seas and use that money on our seniors. The nursing homes are a sad national embarrassment.

[kimba1]

My focua has gone from that to where the money went. By all rights thier should be enough money since only a partial amount was allocated to senior. My reasoning is if we don't look than potentially more money will be taken. As a government employee i can say money overseas does not effect the sad state of nursing homes. Bad incompetent fianacial oversight is the villian in most of these cases.  Meaning you can double,triple the budget and improvements will unlikely  reflect the increase.

[Plane]

All these complaints of lack of funds and no one screaming where did it go.

It isn't a secret, for many years the Social Security taxes were in excess of the social security payments.

This peaked during the administration of Bill Clinton, when the workforce reached its all time best earning power.

Now the baby boom is about to retire and put the SS system under its worst ever strain.

Bill Clinton cut benefits, every president since Reagan has cut benefits in some way or another, mostly subtly with no fanfare.

I predict more small cuts , never enough to make heads roll.

[kimba1]

But did the baby boomers really take that much ?. No doubt the money coming in when they are collecting did it take all from the surplus from all those previous decades.

Also wouldn't the presence of social security encourage the to take part in creating more jobs..

[Plane]

But did the baby boomers really take that much ?. No doubt the money coming in when they are collecting did it take all from the surplus from all those previous decades.

Also wouldn't the presence of social security encourage the to take part in creating more jobs..

Examine your statement "surplus from all those previous decades"....

This is exactly what has been done wrong ...


This is exactly what is missing...

In the 90's there was a budget surplus for President Clinton to waste, but not if you don't count the SS taxes paid by the baby boomers who were earning more than ever before in their lives.

The baby boom generation paid in enough to run a pretty good pension system, but they paid it into the general fund where it was spent the same day it arrived , if not sooner.

[kimba1]

I think that's what I'm trying trying to imply that people receiving ss are not the freeloaders but the government is and the focus is not enough instrad of why not enough money.

[Christians4LessGvt]

people receiving ss are not the freeloaders but the government is

Amen to that Kimba!

[Plane]

I think that's what I'm trying trying to imply that people receiving ss are not the freeloaders but the government is and the focus is not enough instrad of why not enough money.

I agree that Social Security recipients are not freeloaders.

They have mostly put more in than they will get back out, and those who die too young have contributed for no return at all.

This does not mean that Social Security is a good deal for a young earner now.

It certainly does not mean that the money will be there to give us each and all as much as promised.

The benefits have been reduced several times already, but not yet enough to ensure that the ability of the system to pay wont be overwhelmed by either too many geezers or too few young earners.

[Christians4LessGvt]

They have mostly put more in than they will get back out

not completely true until recently...and not even completely true now

http://www.foxnews.com/politics/2012/08/07/new-retirees-receiving-less-in-social-security-than-paid-in-marking-historic.html

[kimba1]

Isnt this a enticement to get people jobs? I always notice we dont really make much effort in job creation in this country. We tell people get a job but we dont make jobs. I modify a qoute thats more accurate to way thing are done. Give a man a fish and he'll eat for a day but yell get a job hippie and we can ignore him now. You cant say we teach now can we

[Plane]

Whose responsibility is it , to make jobs?

[kimba1]

truthfully nobody but that doesn`t stop unemployment from happening.

[Plane]

truthfully nobody but that doesn`t stop unemployment from happening.

I don't agree.
An employer is responsible for the quality and quantity of the jobs he creates. This is also applicable to a self employed person, only the scale would be different.

This is a group that varies widely in every way, including in their success and wisdom.

This group includes our most and least taxed citizens.