Social Security Overhaul is Next!

[StillStanding]

I hope there's some money left over if Obama gets his healthcare reform.

The reason? The social security system MUST be reformed because it will run out of money in just a few years! The problem is a combination of people living longer (Because of excellent healthcare) and fewer children being born since the baby boom!

Get ready to pay a bigger chunk of your paycheck to social security!

[Esther]

Originally Posted by Mr. Steinway

I hope there's some money left over if Obama gets his healthcare reform.

The reason? The social security system MUST be reformed because it will run out of money in just a few years! The problem is a combination of people living longer (Because of excellent healthcare) and fewer children being born since the baby boom!

Get ready to pay a bigger chunk of your paycheck to social security!

If they would put the money they stole out of SS for other things we might would be okay.

But I am afraid you are right, if they get a hold of it, they may not be any at all.

[Light]

Originally Posted by Esther

If they would put the money they stole out of SS for other things we might would be okay.

But I am afraid you are right, if they get a hold of it, they may not be any at all.

What is going on today Esther you and I agreeing now on two things. The money removed from SS and Medicare for use on other thing that were not in the budget has seriously hurt SS and Medicare.

[SOUNWORTHY]

Originally Posted by Mr. Steinway

I hope there's some money left over if Obama gets his healthcare reform.

The reason? The social security system MUST be reformed because it will run out of money in just a few years! The problem is a combination of people living longer (Because of excellent healthcare) and fewer children being born since the baby boom!

Get ready to pay a bigger chunk of your paycheck to social security!

Think about all the aborted babies that will not be paying into SS and Medicare.

[coadie]

Originally Posted by SOUNWORTHY

Think about all the aborted babies that will not be paying into SS and Medicare.

4,000 a day.

The trustees even made erroneous short-term jobless rate estimates-assuming only 8.2% of Americans would be unemployed in 2009 and that the jobless rate would reach 8.8% in 2010. Accordingly, the trustees (at a minimum) have underestimated the 2009 unemployment level by 1.2%. Hence, with just a $19 billion projected cash cushion for 2009, it does not take a lot of additional unemployment and fewer people paying payroll taxes to materially erode this small buffer.

Obama's crazy economic demolition Is accelerating the shriveling of the fund.

It looks like this fund crashing will trigger Obama to take pensions and employee funded plans and melt them together like healthcare.

[coadie]

Naturally, Congress and the White House will attempt to spin these facts. Whatever they assert, the fact remains this tax credit was designed explicitly to directly offset all of the 6.2% Social Security payroll tax normally paid by individuals on their first $6,451 in earnings. In spite of this fact, it is virtually guaranteed that Congress and the Social Security trustees will continue to use phantom accounting gimmicks to suggest that this tax credit had no impact on the payroll taxes collected, and thus had no impact on the size of the "alleged" Social Security Trust fund.

http://www.ssa.gov/OACT/TR/2009/tr09.pdf


Go ahead light, read the report. ONly 240 pages.

Tax and spend Dems will take the Trust out of the fund.

The Act was writtnen when people had a life expectancy of 62 years. It should be moved up to 70 years of age for payouts to commence and do that yesterday.
Lazt people think that is too harsh. The do not know the plan. It has disability cliams that are at any age. If you are disabled, you can get on the plan.

[coadie]

51 million are recieving benefits and 9 million disabled are on benefits.
On paper it is a plan where I distribute MY income.

[Ferd]

aint it funny that there is a guy sitting in prison today for running a multii-billiion dollar Ponzi skeem but the idiots in Washington who came up with the worlds biggest ponzi skeem are lionized as great Americans!

[coadie]

Originally Posted by Ferd

aint it funny that there is a guy sitting in prison today for running a multii-billiion dollar Ponzi skeem but the idiots in Washington who came up with the worlds biggest ponzi skeem are lionized as great Americans!

IRONY. I have a 401k plan for workers. It gets IRS and ERISA audits. They get reports from the mutual funds. Where is the SS money? It is a mutual fund IOU's from the treasury. The money is about gone.

[coadie]

Default in 2 years. Dems cheered blocking reform 3 years ago.

http://www.youtube.com/watch?v=6mqSX..._embedded#t=70