slugshooter Posted March 13, 2005 Report Share Posted March 13, 2005 Pro-Bush Group Overstates Social Security Shortfall Summary In a new TV ad, Progress for America exaggerates the true state of Social Security's finances by comparing it to the Titanic. The ad claims the system will go "bankrupt" if nothing is done and that we must rescue the program "before it hits the iceberg." Actually, neutral experts predict the system can pay between 70 and 80 percent of currently scheduled benefits even if the Trust Fund is exhausted, which isn't predicted to happen for another 37 years, at least. The ad also touts Bush's plan for "voluntary personal retirement accounts" as though that would improve the system's finances. But even the White House now acknowledges that individual accounts alone do nothing to fix the system's long-term financial shortfall. Click the link below for the full article: http://www.factcheck.org/article313m.html Quote Link to comment Share on other sites More sharing options...
TreeStandBowHunter Posted March 13, 2005 Report Share Posted March 13, 2005 Re: Pro-Bush Group Overstates Social Security Shortfal You know what dude, I could care less about all of that. I know that I will never see it no matter who the President is and what they try to do. I just better get that money back someday Quote Link to comment Share on other sites More sharing options...
AJ Posted March 13, 2005 Report Share Posted March 13, 2005 Re: Pro-Bush Group Overstates Social Security Shortfal Sure, it won't help the system, but it will help the individual. Screw the system, I want my money. Quote Link to comment Share on other sites More sharing options...
carbonhunter Posted March 13, 2005 Report Share Posted March 13, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] Sure, it won't help the system, but it will help the individual. Screw the system, I want my money. [/ QUOTE ] Thats pretty much how i feel. I have almost 43 years until Im eligible for SS, without private accounts I'll never see a dime. The system does plenty to screw the hard working man, I'm all for screwing the system. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 14, 2005 Report Share Posted March 14, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] [ QUOTE ] Sure, it won't help the system, but it will help the individual. Screw the system, I want my money. [/ QUOTE ] Thats pretty much how i feel. I have almost 43 years until Im eligible for SS, without private accounts I'll never see a dime. The system does plenty to screw the hard working man, I'm all for screwing the system. [/ QUOTE ] Pretty well the same thoughts here. At 35, if they let me invest my money in private accounts it would better benefit me and my family. So if the system can pay out 80 percent of benefits for 37 years, then what Quote Link to comment Share on other sites More sharing options...
carbonhunter Posted March 14, 2005 Report Share Posted March 14, 2005 Re: Pro-Bush Group Overstates Social Security Shor So if the system can pay out 80 percent of benefits for 37 years, then what ----------------------------------------------------------------------- My thought as well william, by that figure I'll get to pay everyone for the next 37 years. and the money will run out 6 years before i start to draw.....screwed?? yup pretty much. Quote Link to comment Share on other sites More sharing options...
ParrotHead Posted March 14, 2005 Report Share Posted March 14, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] So if the system can pay out 80 percent of benefits for 37 years, then what ----------------------------------------------------------------------- My thought as well william, by that figure I'll get to pay everyone for the next 37 years. and the money will run out 6 years before i start to draw.....screwed?? yup pretty much. [/ QUOTE ] If you think that way then yes - you are screw'd. Do you believe for one second that I'm counting on anything from the government when I retire? You're off your rocker if you think so. You already have a multitude of options out here, IRA's, 401k's, stocks and securities.....you have to plan your future and most of all you can't rely on anyone or anything, especially when it's coming from a politian. You have the right, the freedom and you live in the most opportunistic country in the world to achieve financial security - if you only get off this "government-****" kick. I don't care what you think or believe in but the plain truth is "equality" amoung socieities has never exsisted and never will. Quote Link to comment Share on other sites More sharing options...
carbonhunter Posted March 14, 2005 Report Share Posted March 14, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] [ QUOTE ] So if the system can pay out 80 percent of benefits for 37 years, then what ----------------------------------------------------------------------- My thought as well william, by that figure I'll get to pay everyone for the next 37 years. and the money will run out 6 years before i start to draw.....screwed?? yup pretty much. [/ QUOTE ] If you think that way then yes - you are screw'd. Do you believe for one second that I'm counting on anything from the government when I retire? You're off your rocker if you think so. You already have a multitude of options out here, IRA's, 401k's, stocks and securities.....you have to plan your future and most of all you can't rely on anyone or anything, especially when it's coming from a politian. You have the right, the freedom and you live in the most opportunistic country in the world to achieve financial security - if you only get off this "government-****" kick. I don't care what you think or believe in but the plain truth is "equality" amoung socieities has never exsisted and never will. [/ QUOTE ] Wrong your screwed either way, no matter how you set up your ret. Your still paying a big chunk of money for 37 for nothing!! [ QUOTE ] You have the right, the freedom and you live in the most opportunistic country in the world to achieve financial security - if you only get off this "government-****" kick. [/ QUOTE ] Hmm goverment kick....I have never asked a thing from anyone...especially money. you know what they say about people who make as·sump·tions Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 15, 2005 Report Share Posted March 15, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] If you think that way then yes - you are screw'd. Do you believe for one second that I'm counting on anything from the government when I retire? You're off your rocker if you think so. You already have a multitude of options out here, IRA's, 401k's, stocks and securities.....you have to plan your future and most of all you can't rely on anyone or anything, especially when it's coming from a politian. [/ QUOTE ] Some employers do not offer 401k's PH. Sure there are other options like you suggest like IRA's. My wife and I are investing and have been for quite some time, but the money we are paying in to SS is OUR money at least part of it is supposed to be for our retirement. It just is not in any way right for us to have to pay and know that we will never get any return unless something is done to fix it soon. Why in the heck should we have to carry these others and expect the system to be let alone to self destruct to the point that we will get nothing? Quote Link to comment Share on other sites More sharing options...
ParrotHead Posted March 15, 2005 Report Share Posted March 15, 2005 Re: Pro-Bush Group Overstates Social Security Shor wtn - In no way am I saying Social Security is right and yes, this is YOUR money and YOU should have some say-so in how it's being used. If it were up to me, you would have ALL SAY-SO in how it's used. The problem is that WE'VE allowed our government to dictate to US how it's going to be used - that needs to be changed and while Bush's answer isn't the solution to this problem, it is a step in the right direction. All I was saying was - if you're looking to the government to insure your financial status in your later years - you're screwed. Quote Link to comment Share on other sites More sharing options...
OJR Posted March 15, 2005 Report Share Posted March 15, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] wtn - In no way am I saying Social Security is right and yes, this is YOUR money and YOU should have some say-so in how it's being used. If it were up to me, you would have ALL SAY-SO in how it's used. The problem is that WE'VE allowed our government to dictate to US how it's going to be used - that needs to be changed and while Bush's answer isn't the solution to this problem, it is a step in the right direction. All I was saying was - if you're looking to the government to insure your financial status in your later years - you're screwed. [/ QUOTE ] I agree with the completely! The biggest farce and people believe it is that you have a social security ACCOUNT! There is NO such thing as a SOCIAL SECURITY ACCOUNT IN YOUR NAME! Never has been and never will be! Everything is dumped together and it is spent, borrowed and who knows what by the legislature! The President cannont spend ONE single penny! You don't have ANY control how the money you have paid into social security is spent! That is why I would be for private accounts completely because that would be YOUR ACCOUNT!! You own it and you control it! Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 16, 2005 Report Share Posted March 16, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] All I was saying was - if you're looking to the government to insure your financial status in your later years - you're screwed. [/ QUOTE ] You are right about that. Dont think I ever said I was counting on relying on the government for security upon my retirement, but it would be nice to at least get back a positive return on the money we are paying in rather than nothing at all. Quote Link to comment Share on other sites More sharing options...
slugshooter Posted March 16, 2005 Author Report Share Posted March 16, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] That is why I would be for private accounts completely because that would be YOUR ACCOUNT!! You own it and you control it! [/ QUOTE ] Would you really? How do you know you would be able to control it? How do you know that if the government gets so far in debt that they won't take that money just as fast? I just think trusting the government with something as personal as a Private Retirement Account is foolish because the government is the government, yes, your name would be on the account, but it would be set up and run by the government, they would control how much you got, heck, their even gonna control how much you can put in. Thats not control over your retirement. Quote Link to comment Share on other sites More sharing options...
Gator Posted March 16, 2005 Report Share Posted March 16, 2005 Re: Pro-Bush Group Overstates Social Security Shor If it's MY MONEY in MY ACCOUNT, how can the government touch it, other then thru taxes, which we already have? Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 17, 2005 Report Share Posted March 17, 2005 Re: Pro-Bush Group Overstates Social Security Shor [ QUOTE ] Would you really? [/ QUOTE ] YES I or you would. That is why the democrats are so against it. They want the control that President Bush is trying to give to thepeople anmd cannot stand the idea of not being in control of our money. Quote Link to comment Share on other sites More sharing options...
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