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I'd like to know
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mark    Posted 01-18-2005 at 17:51:15       [Reply]  [No Email]
why after years of hearing SS is going to heck
in a handbasket, it all the sudden is in good
enough shape there's no need to really worry
about it for 30 - 40 years.

Rickstir    Posted 01-19-2005 at 10:50:01       [Reply]  [No Email]
Your return on SS is about 1 %. Anyone can get better than that by putting your money in a savings account for crying out loud.
The dems are paniced about this. If SS is reformed, they can no longer issue the lying threats ever two years at election time that the republicans are going to take away your SS. Just who was it that taxed SS? Al Gore cast the deciding vote, but you'll never hear him or Clinton admit it. Think of it, millions of Americans could become "owners" and participate in the management of their money. That really has the dems worried, the sheeple won't be dependant on them.

If you have a separate account, that is yours, your heirs will get the funds if you die prematurely. My first wife died at age 49 and after paying into it for 25 years, I got nothing.

Yet the dems have starting saying don't fix what ain't broke. Broke? What else would you call a system that takes retirement funds and pays drug addits a "disability" pension? It's not broke, its in shambles.

Don't ever forget that SS is not a retirement plan, it is a tax. And like all taxes, it can go up. Soon (because of the baby boom) there will be more people retired than there are working. Some judges and other people thought it would be a good idea to kill 30 million babies over the last 25 years in this country. They would have nice additions to the tax paying public, but that point is mute.

Yep the dems have taken this system and made it a schambles. It is about time it gets cleaned up. It's only 12 Trillion dollars in debt, pennies to a democrat.

bob ny    Posted 01-18-2005 at 18:49:16       [Reply]  [No Email]
don't you go messin wid my socail security thats whats keepin the wolf offen my fromt poch plus i gotta pay income tax too

mark    Posted 01-18-2005 at 18:56:12       [Reply]  [No Email]
What about my social security ? I'm paying
more and working longer to get less. I'd have
to work til I slide off the mudball to keep the
wolves off the porch the way it's goin.

bob ny    Posted 01-18-2005 at 19:19:14       [Reply]  [No Email]
what would you suggest (i paid in a couple of years ).they should stop paying me so others could loose thier money in investments that they know nothing about. renember you are dealing with americans who couldn't care less about tomorrow. kook at the credit card debts .

Tom in TN    Posted 01-18-2005 at 21:13:23       [Reply]  [Send Email]

I agree wholeheartedly. For the few people who would invest wisely and are lucky enough to actually receive a better return on their investment than they are currently receiving through Social Security, we are taking a huge chance. You know that the bleeding-heart liberals are not going to let the people who invest poorly suffer from their own mistakes. The government is going to bail them out anyway and we're just going to create an even more complicated, bigger bureaucracy than we already have. I don't believe the government is capable of keeping track of who paid how much and when so that they can accurately determine what a person should receive.

The solution to the problem is for the government to cut back, quit overspending, and put the money into a real trust fund instead of another "cookie-jar" for congress to play with.

At least that's what I think.

Tom in TN

mark    Posted 01-18-2005 at 21:37:52       [Reply]  [No Email]
I could understand you alls point if I could
retire at 60 or 65 and count on ss. We can't,
we're already told we will collect in our 70's
what older folks are getting in their 60's right

Where is the gamble ? And whose going to be
bailed out. Choice 1 : We keep the current
system and die working, shooting for that
golden day in our 70's. Choice 2 : We invest
for ourselves, lose our shirts and die working.
Choice 3 : We invest for ourselves, do well
and retire to enjoy a bit of life before we die.

I really don't see the gamble from where we're
standing today.

mark    Posted 01-18-2005 at 19:36:03       [Reply]  [No Email]
I don't think it's doing well the way it's going. I
wouldn't think it fair to take away from the folks
getting it now but neither do I think it fair for us
younger folks to pay for a carrot we'll never get.

If a person has a diversified, well thought out
plan to put money into why not let us keep
some of the money we're just throwing to the
wind right now ? I might have a chance to
enjoy my golden years instead of dragging my
butt and 02 tank to work.

bob ny    Posted 01-18-2005 at 20:41:19       [Reply]  [No Email]
it is my understanding that ss was running along fine untill congress needed mony to help balance overspending so they BORROWED from the funds and never paid back and have been borrowing ever since.what happensif the younger taxpayers invest thier monies and lose it how do they live in old age? will they have to pay income tax on thier investment returns? i have to pay tax on my ss . how does the government make the change?
what about the taxpayer that has been paying all thier lives and have just retirrd? they are expected to live twenty more years.i think the government should investigate the funds leaving this country in form of aid for other countries.
( disasters not counted)i would like to know how much aid france and germany are receiving .but than thats another story. sorry about the rant.    Posted 01-18-2005 at 22:48:13       [Reply]  [No Email]
<< it is my understanding that ss was running along fine untill congress needed mony to help balance overspending so they BORROWED from the funds and never paid back and have been borrowing ever since. >>

Hi Bob,

I too have heard that if the politicos were to keep their sticky fingers out of the SS funds there would be more than enough to pay every claimant their proper and deserved share. Perhaps what's really needed in the way of Social Security 'reform' is simply a law putting the fund off-limits to anyone or anything other than it's intended purpose. BTW, that purpose was intended from the get-go as a retirement SUPPLEMENT, not a stand-alone retirement plan. I hear folks at my work speaking as if they're going to have Social Security finance their retirement in full. They're putting little or nothing aside on their own, just spending from paycheck to paycheck. They're the ones who'll be working 'till the day they die. They've never learned about sacrificing now for a better later. They want, and think they can have, it all now AND later. Their 'golden' years are gonna be sad.

mark    Posted 01-19-2005 at 08:22:23       [Reply]  [No Email]
I don't even count on ss for retirement. It would
be nice however to actually get to use some of
the money I've been throwing away for years.

On a tight budget it gets annoying when I look
at what I'm paying to a pipe dream. I should be
able to use some of that ss money for what it's
supposed to be used for ( a retirement plan
for me ) and free up some of the money I'm
using for an actual retirement plan to loosen
up the daily budget.

Darryl - MO    Posted 01-18-2005 at 22:54:00       [Reply]  [No Email]
#@%*^$! Got e-mail addy in name box in the above post! Wonder how many new spammers I'll be hearing from now?

mark    Posted 01-18-2005 at 21:05:27       [Reply]  [No Email]
That's one of the biggest problems with the
system, it's being used like a cash cow. It's
also paying out for claims that shouldn't even
be considered for payment. Too many hogs at
that trough for that to change I'm sure.

If us younger folks could even be allowed to
take 1/3 of what we pay in to put in a
diversified fund of some type I think we'd be
better off than what we're going to be. Right
now we're already looking at the big fat 0 so
why not give us a chance to make it or break it
ourselves. Well maybe not the big fat 0 but
working into our 70s which is the same thing.

Either way we've got nothing to lose. We risk
our own money and if we fall flat we keep
working. We keep paying into ss and keep
working til we're dead or we're old enough for
the home to collect our check. From my point
of veiw it's really not a gamble.

Sid    Posted 01-18-2005 at 18:32:16       [Reply]  [No Email]
If you get it figured out let me know.

mark    Posted 01-18-2005 at 18:38:00       [Reply]  [No Email]
I was hoping someone who spoke plain
English could explain it better than the talking
heads have been.

What's bankruptcy if it's not in the normal
sense of the word ?

deadcarp-pot of gold    Posted 01-18-2005 at 21:08:56       [Reply]  [No Email]
there is no pot of gold - if you are an employee, yup they have to put yer money in a trust fund. with ss, no such fund. every year they collect whatever taxes their budget sez they'll need, and ss is just anther need like a new bridge or school.

mark    Posted 01-18-2005 at 21:28:32       [Reply]  [No Email]
They run the pension protection orfice the
same way. When LTV went belly up our local
had a pension plan that was paying off all it's
obligations plus putting money back into the
plan every year. LTV faught for years to get
their hands on it but never could. They go belly
up, the goberment steps in and takes over our
plan using the money to pay off other pention
plans. Now folks like my dad are back to work
because their pensions were cut so our
money could pay someone else. I vested what
I was entitled to when I quit, I won't see a dime
of that money.

deadcarp-link    Posted 01-18-2005 at 21:14:16       [Reply]  [No Email]

Les    Posted 01-18-2005 at 18:05:05       [Reply]  [No Email]

mark - ?    Posted 01-18-2005 at 18:32:17       [Reply]  [No Email]
meaning what? You agree that that mess
doesn't need fixed for 30 -40 years ? Talk to
someone who has to wait until they're in their
70's to collect if they're dumb enough to count
on it.

I'd rather put it to work myself than trust some
schmuck in D.C. to safeguard it.

deadcarp    Posted 01-18-2005 at 18:09:24       [Reply]  [No Email]
izzat your final answer les? r is the car helping? lol

deadcarp    Posted 01-18-2005 at 18:10:52       [Reply]  [No Email]
should read "cat helping"

midway    Posted 01-19-2005 at 16:16:16       [Reply]  [No Email]
I say we put all the gov. workers, politicians, including the president, v.pres. all of them on social security, no big retirement packages for any of them, and you'll see it straightened out quick.

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