Truth About Social Security

[Sonny]

Social Security remains the biggest Republican target but they are still afraid to touch, but they keep up the steady stream of propaganda, in the hopes that more people will come to believe the lies, and let them get away with stealing our retirement. Also, remember Social Security has never added a penny to the deficit, so controlling “government spending” has nothing to do with this.

Social Security is far more than a tax. After 75 years in existence, the program “remains one of the nation’s most successful, effective, and popular programs.” It has dramatically reduced elderly poverty — nearly half of seniors today would be in poverty without it — and it is the nation’s most effective tool at alleviating poverty among people with disabilities. It does all this while spending less than a penny per dollar on administrative costs. And despite conservatives’ fear mongering, Social Security is not going bankrupt any time soon, and will not at all if it is not privatized by the Republicans.

[scotty]

Seascapes ?? lol.

[GISG]

Originally Posted by scotty

Seascapes ?? lol.

[GISG]

Originally Posted by Sonny

Social Security remains the biggest Republican target but they are still afraid to touch, but they keep up the steady stream of propaganda, in the hopes that more people will come to believe the lies, and let them get away with stealing our retirement. Also, remember Social Security has never added a penny to the deficit, so controlling “government spending” has nothing to do with this. Social Security is far more than a tax. After 75 years in existence, the program “remains one of the nation’s most successful, effective, and popular programs.” It has dramatically reduced elderly poverty — nearly half of seniors today would be in poverty without it — and it is the nation’s most effective tool at alleviating poverty among people with disabilities. It does all this while spending less than a penny per dollar on administrative costs. And despite conservatives’ fear mongering, Social Security is not going bankrupt any time soon, and will not at all if it is not privatized by the Republicans.

Any source for this? Don't tell me...MSNBC.


Here's another opinion:

Social Security to See Payout Exceed Pay-In This Year
By MARY WILLIAMS WALSH
Published: March 24, 2010
The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security. This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

Do tell us how SS will stay solvent when more are taking from it then are putting into it?

[LUKE2447]

Originally Posted by Sonny

Social Security remains the biggest Republican target but they are still afraid to touch, but they keep up the steady stream of propaganda, in the hopes that more people will come to believe the lies, and let them get away with stealing our retirement. Also, remember Social Security has never added a penny to the deficit, so controlling “government spending” has nothing to do with this.

Social Security is far more than a tax. After 75 years in existence, the program “remains one of the nation’s most successful, effective, and popular programs.” It has dramatically reduced elderly poverty — nearly half of seniors today would be in poverty without it — and it is the nation’s most effective tool at alleviating poverty among people with disabilities. It does all this while spending less than a penny per dollar on administrative costs. And despite conservatives’ fear mongering, Social Security is not going bankrupt any time soon, and will not at all if it is not privatized by the Republicans.

ROFL Seriously....

[coadie]

Welcome.

First post here? May God bless you.

[Sam]

Sonny,
according to the post count this is your first post.
I don't know if you are new here or if you are a member posting under a new name (some members have several identities they post under).

Welcome to the group.
You sure started with something controversial.

[scotty]

Originally Posted by Sam

Sonny,
according to the post count this is your first post.
I don't know if you are new here or if you are a member posting under a new name (some members have several identities they post under).

Welcome to the group.
You sure started with something controversial.

He is what I like to call the "Campaign Poster". They come around during campaign season then go away after the election.

[Sonny]

Originally Posted by GISG

Any source for this? Don't tell me...MSNBC.


Here's another opinion:

Social Security to See Payout Exceed Pay-In This Year
By MARY WILLIAMS WALSH
Published: March 24, 2010
The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security. This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.

Do tell us how SS will stay solvent when more are taking from it then are putting into it?

Some say that Social Security is good for 2050 and I partly believe that but I will have to read more about the Congressional Budget Office report. It will be a few years before I will retire. Politically speaking, I guess it is really what webpages you go to to get information. I just can't see putting money in the stock market for retirement, it is so unstable.

[GISG]

Originally Posted by Sonny

Some say that Social Security is good for 2050 and I partly believe that but I will have to read more about the Congressional Budget Office report. It will be a few years before I will retire. Politically speaking, I guess it is really what webpages you go to to get information. I just can't see putting money in the stock market for retirement, it is so unstable.

The thing about the CBO is that it is non-partisan. And yes the sites we go to do have a slant one way or the other. That's why the CBO is a much more reliable source as to what is happening.

The baby boomers are just now starting to retire. That is going to put an even larger strain on the system. There's no two ways about it, once more are taking then are putting in the whole system breaks down.
The democrats would have us believe nothing is wrong (just like with fanny mae and freddie mac) but, the truth is something entirely different.