Strut_Buster Posted March 3, 2005 Report Share Posted March 3, 2005 I love the Private account idea. I think younger generations like myself could serioulsy benefit. I think democrats are being totaly retarded. The system needs not minor.. but major work. I have yet to hear the democrats voice an idea except... "We're liberal... NO" Raiseing the retirement age is out of the question IMO. I don't want to work till i'm 70. And increasing payroll taxes will drive down Consumer demand and lower industrial supply, possibly createing a negative GDP growth. My problem is the 3 Trillion dollar price tag. I think after we finish in Iraq, then we can do this. Quote Link to comment Share on other sites More sharing options...
popgun Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! social Security is in need of a major overhaul. Where have you guys been? The retirement age has already been changed to 67 if you were born after Dec. 31, 1959. If you do not prepare for retirement when you are still young you will be in for a very hurtful surprise. You will find out that your senior years last a lot longer than your young years. .....popgun Quote Link to comment Share on other sites More sharing options...
HuntingInMaine Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! When they first started SS, the average age people lived to was something like 60. This meant that only a fraction of the public would live long enough to collect SS. Maybe raising the age to collect would help here. The problem with SS (and every other government program) is that the money isn't being used for what it is suppose to be used for! SS was suppose to pay people who have paid in to it. It was not suppose to pay for immigrants who have never worked a day in their lives or paid a penny towards this program. Is it really so hard to realize that this irresponsibleness is the reason it isn't working? Doesn't take a brain surgeon to figure out that if you pay out to more people than have paid in, you are going to come up short! Quote Link to comment Share on other sites More sharing options...
David_218 Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! If you put your money in a "Private" Social Security account, it will only yeld 3% of which the Government will tax you 2% on dividends. This doesn't keep up with the current rate of inflation. Quote Link to comment Share on other sites More sharing options...
LifeNRA Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! [ QUOTE ] one raise the retirement age [/ QUOTE ] What are you nuts!!!! They already made it 70!!! Do I want to work until I am 75? I think NOT!!!!!! Never mind! Quote Link to comment Share on other sites More sharing options...
popgun Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! [ QUOTE ] SS was suppose to pay people who have paid in to it. It was not suppose to pay for immigrants who have never worked a day in their lives or paid a penny towards this program. [/ QUOTE ] HuntingInMain, You are getting the Social Security System confused with other programs such as welfare, and Medicaid. The Social Security programs such as Medicare, Social Security, and Disability benefits are paid only to those who pay into the system. If you have not paid in the specified number of "quarters" into the system you cannot draw from it. Social Security was never designed to take care of everyone in their retirement years. It was first introduced to protect the widows and orphans of the workforce. It is, and always has been, designed to be a supplemental income for the disabled and retired worker who paid into the system. Social Security is an "insurance program" paid into by the employee and the employer. .....popgun Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! Rasing the retirement age is certainly not the answer. To receive full benefits I will have to hit 70, upon which time (35 years from now)at the current rate of inflation I will have had quite a negative return on the money that the government has held for me, and it is quite doubtful that looking into the future that money would be enough to put groceries on the table. I think letting people invest a portion of their own money in their own accounts is a better option than the current. As far as theproblems with the current system, I think major overhaul and some policing of the system is needed. Too many people are skating by on our money while these government employees drawing their checks are too lazy to take the initiative to follow up and get the deadbeats that should not be getting benefits off of it. Quote Link to comment Share on other sites More sharing options...
Texan_Til_I_Die Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! If I could, I would completely opt-out of the system today and let them keep all of the money I had paid in over the past 28 or so years. Its a terrible system that allows a tremendous amount of mismanagement. I haven't seen the numbers lately, but at one point it was somewhere around $.50 per dollar paid that actually made it back to retirees. Quote Link to comment Share on other sites More sharing options...
Texan_Til_I_Die Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! [ QUOTE ] FOR THE LAST TIME! PRIVATE ACCOUTS WONT WORK BECAUSE THEY TAKE MONEY OUT OF SS WE WANT TO PUT MORE IN TO THE SYSTEM. AND THE PRICE TAG IS OUTRAGIOUS $ 3TRILLON PLUS!! [/ QUOTE ] WHY THE H - E DOUBLE HOCKEY STICKS SHOULD I BE FORCED TO PAY FOR YOU OR ANYBODY ELSE NOT TO WORK??? Whew, I feel much better after that... Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted March 3, 2005 Report Share Posted March 3, 2005 Re: Another social security Post! My same sentiments here, Texan!!! This was meant for the people who could least afford retirement in the fist place! It NEVER was meant to be payed out to everyone!!! Thank the Libs for that bill!! And for the 44 million babies that never grew up to pay into the SS system because of ABORTION!!!! YUP....thats one baby every 20 seconds aborted in the good ol USA!! Thats where your ss money is coming up short buddy! Im planning on working til I die..I'll have to, just the way it is Quote Link to comment Share on other sites More sharing options...
popgun Posted March 4, 2005 Report Share Posted March 4, 2005 Re: Another social security Post! [ QUOTE ] FOR THE LAST TIME! PRIVATE ACCOUTS WONT WORK BECAUSE THEY TAKE MONEY OUT OF SS WE WANT TO PUT MORE IN TO THE SYSTEM. AND THE PRICE TAG IS OUTRAGIOUS $ 3TRILLON PLUS!! [/ QUOTE ] You still don't get it!!! Social Security is "Not" a retirement system, and "Never was". Read up on it first and then debate your point. http://www.ssa.gov/ Oh...Sorry, I forgot. You don't like to read. Quote Link to comment Share on other sites More sharing options...
Strut_Buster Posted March 4, 2005 Author Report Share Posted March 4, 2005 Re: Another social security Post! The plan for private accounts will work in the short run will be expensive. But over 20-30 years of instuting private accounts, (long run) social security will be able to sustain itself. We are already in debt, our economy is on its upsloping end of a resecion, and if the social security issues aren't solved by the time our economy starts to "naturaly" slow down, we may not be able to fix it. Now i aggree, the 3 billion dollar price tag is hefty. But if its institued in long term steps, i feel it will be very benificial to myself and my kids. Retirement age peole now are not going to be effected, so i don't know why we even listen to them. Its a choice that younger americans such as myself must make. And lets think about putting More money into a failing system.... great idea. I'm done thining about that one. You can continue, I'll wait. Quote Link to comment Share on other sites More sharing options...
popgun Posted March 4, 2005 Report Share Posted March 4, 2005 Re: Another social security Post! BIGBUCKSHOOTER: Thank you for telling us. Now that we know, maybe we can help you. I am sorry you have a reading problem. Reading is only one of the hurdles that people have to jump in life. This hurdle may be a little higher for you than for some of us, but you can get over it. Just because it is hard to read more than one sentence, you must continue to try. Sorry if I offended you, but you wrote earlier that you did not read long post. You must force yourself to read in order to be informed. …..popgun Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 4, 2005 Report Share Posted March 4, 2005 Re: Another social security Post! I know the answer, lets tax the crap out of us working now and cause another recession. President Bush can blame it all on those who have to have their benefits who did not plan and those of us who will have nothign in the future, well we can all just not live a life, better start saving every penny we can. Those of us working now can pay for those who are currently drawing, heck why not just let me mail my SS payments directly to the baby boomers drawing and skip all the middle men putting their greedy little hands in the pot. Oh yeah,then when my time comes to draw, the system will only be deeper in the hole or non existant, so guess I will have to expect to wrok until the day I die. Yep sounds great to me. Yeah thats it, makes a lot of sense now bigbuck. The ideal democrat view. TAX TAX TAX. That solves all the problems right. This seems to me to be the democrat sense of how to fix the system, raise taxes on us to pay for those now drawing. How in the heck does that put anything back for me???? Bigbuck, I have watched and read your posts all along, dislexic or not, you seem to flipflop around on this and other issues. I would strongly urge you to get some help in finding better information than what the aarp puts out. Quote Link to comment Share on other sites More sharing options...
slugshooter Posted March 4, 2005 Report Share Posted March 4, 2005 Re: Another social security Post! TAX, TAX, TAX- Democrat BORROW, BORROW, BORROW- Republican The difference is, once the Republicans get through borrowing billions with enormous interest rates to fund the programs they want, people get tired of the rising deficit and vote them out, which leaves Democrats to try and figure out how to reduce the deficit. The budget the President put out calls for $450 Billion, not including Iraq/Afghanistan, the government doesn't take in that much in taxes, which means that money is either going to come from higher taxes or borrowing from foreign banks, Bush is going to the foreign banks, which raises the deficit and will eventually raise taxes. Back when Bush first took office the average deficit burden for each American was $29,000, meaning, if every American gave the government that much we could pay off the deficit, now it's up to $36,000. Thank You Mr. President. Quote Link to comment Share on other sites More sharing options...
Steven Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! Let's look at Social Security for a minute. It's a mandatory 12% investment with an average yeild of 1%. You can't touch it until you retire unless you're permanently disabled. If you die, does your family get your share? Are you crazy? It's run buy the federal government, of course they don't get it. Every year there is an average surplus of $300.000, does that go towards the following year's payouts? Are you crazy? it's the federal government, of course it gets spent on totally unrelated projects (by both parties). Is the money I pay in set aside for me? Are you crazy? It's the federal government, of course it's not. When it was created, it was never intended as a long term retirement plan. People were retiring at 65 and dying @ 67. There was plenty of money. If Social Security is such a great plan, why did our elected officials opt out of it for a plan just like the one they don't want us to be allowed to access with our own money? Is it because they want us to be more secure in our twighlight? Are you crazy? It's the federal government, they don't give a rat's butt about you. As far as PRAs go, I care about my self and my family and that's all. Give me my money to take care of my family. It's not the government's job to take care of me, and the out-dated relic that is Social Security won't do. Quote Link to comment Share on other sites More sharing options...
Steven Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! I don't know if you are cary or not. That word isn't in my dictionary. If a Psholigist is the person one would see if they are cary, maybe it'd be in your interest to look into an opoinment. If you want to depend on the government (which you just admitted to) go right ahead. I just don't see how anybody with an iota of pride or self respect would want to just sit back and say, 'nah, the government will send me $1100 a month, I don't need to do it myself.' One thing I'm learning is you are definately a democrat, just happy to sit back and wait for the government to put my money into your wallet. You give good democrats like sluggo and Aaron a bad name. That attitude makes me sick and you will never have any respect from me for that reason alone. And don't even suggest that it's because you're a democrat, I've shown sluggo and carbonhunter (the more out spoken dems here) ample respect because they earned it. But not you. You are a joke and pathetic. I don't know what you're trying to prove, because the harder you try, the worse you look. Maybe you were better off just telling us how good you are, because you have been soundly defeated in every debate you've tried to have here. Quote Link to comment Share on other sites More sharing options...
GWSmith Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! I found this on another website and believed that all of you here may enjoy a small break from the tension involved in this debate...Enjoy!!! ------------------------------------------------------------------------------------------------------------------------- The following message is from a concerned tax payer....... ***To ALL Students of the Economic System*** Before you decide to change anything involving the system of Social Security... ***PLEASE ATTEMPT TO READ BELOW*** I simply cant believe that some of you are willing to introduce any changes to the system of social security. I would hope that before you make your way into government of any type, kind, and or fashion...Aquire some form of writing ability which hopefully includes a spellchecker. Theres a small box directly under the Instant Graemlins which reads...(now I know this is going to be hard for some of you so try even harder than ever before)...and I quote: " I want to preview my post " God in Heaven knows you need it-and its making others of us painfully aware of the deficit in the public school system to teach children in the basics involved in the art of WRITING SKILLS. {Please NOTE: If this message has offended you in any way....Deal with it and learn to write properly before you even begin to try to change anything else....It appears that some have made extra attempts to become illiterate and have acomplished their individual goals} Quote Link to comment Share on other sites More sharing options...
slugshooter Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! OK guys, the last few posts must have been made because someone didn't read the post where BBS told us he was dyslexic. Now, I don't know him from Adam, but if he is dyslexic than that explains a lot. And clicking on the preview post button isn't going to help anyone in that situation because the sentence will continue to look perfectly OK to him. If what he says is true than we all should cut him some slack. Quote Link to comment Share on other sites More sharing options...
Steven Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! If he is infact dyslexic, that is one thing. And, if so, I apologize for what I said about his spelling. But , that applies only for his spelling. That doesn't take away the fact that MS Word has a spell checker which can solve most of those problems. The fact still remains that he is wrong on the issue of social security. It is a system that needs to be taken out to a field and shot. Period. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! [ QUOTE ] wnthunt you might what to read this, you might learn something about your party!! [/ QUOTE ] My party? Yeah buddy, I am an independant. Guess good old sluggo learned me something new today. Gee I never knew any of this stuff, good thing sluggo posts nothing but the facts huh. Getting back to reality, Racksies approach maybe where even you can understand it bigbuck. Great reply there by the way Steve. Social security is a mess, it was not designed to do what they have adapted it to do. It was never intended to carry out benefits for those who live 15 and 20 or more years after they retire, but it has. Quote Link to comment Share on other sites More sharing options...
HuntingInMaine Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! [ QUOTE ] You guys, i know that the system needs to be fixed. But private accounts won't help any of you and won't help the system. I am sticking to my point. For the last time, Private accounts take money out of the system we need to put more money into it. Sorry racksies if i dont meet up to your expectations. I might not have earned your respect but went it comes down to it i have earned a lot of respect around my town. People respect me a lot. Guess i just dont meet up to your standards!! [/ QUOTE ] I think everyone here understands your point, but where is your solution??? Why keep throwing money at an outdated system? That is like continuously replacing parts on a peice of junk car, it's sometimes better to break down and buy a new car! I guess the problem is you seem to think the system is fine, if we throw some more money into it. Most of the rest of us see it as a system that needs a major overhaul! Quote Link to comment Share on other sites More sharing options...
OJR Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! [ QUOTE ] I think everyone here understands your point, but where is your solution??? Why keep throwing money at an outdated system? That is like continuously replacing parts on a peice of junk car, it's sometimes better to break down and buy a new car! I guess the problem is you seem to think the system is fine, if we throw some more money into it. Most of the rest of us see it as a system that needs a major overhaul! [/ QUOTE ] Amen Sister! Perfect reasoning on this whole thing! Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another social security Post! I'll second that one Racksie!! As it is right now, I do not plan on drawing from SS, because I can take care of myself Thank You! Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 6, 2005 Report Share Posted March 6, 2005 Re: Another social security Post! [ QUOTE ] I agree huntinmaine but where is your solution what do you want to do throw you money in private accounts? [/ QUOTE ] It is her money that she is supposed to be investing in her future. Private accounts is one option that they are looking at. The democrats cannot stand the idea of the people having control over their own money and futures though, and that where the big problem lies in this. As far as taking money out of the system bigbuck, if all the money we are putting in is going to fund paying for those currently drawing, where is your solution? If you cannot come up with any logical reasoning as to how to fix it other than disagreeing with anything the leader of this country does or suggests, that is not in any way any great debate. Your lack of elaboration on any topics is earning you no respect in this forum. Quote Link to comment Share on other sites More sharing options...
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