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| noksagt |
 Posted: Sat Mar 26, 2005 6:58 am Post subject: |
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Member of the Month! March
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| Quote: | | Without changes, by 2042 the Social Security Trust Fund will be exhausted. By then, the number of Americans 65 or older is expected to have doubled. There won't be enough younger people working to pay all of the benefits owed to those who are retiring. At that point, there will be enough money to pay only about 73 cents for each dollar of scheduled benefits. | Because social security uses funds collected from the working to pay the non-working, there can NEVER be a situation where you wouldn't receive ANYTHING. You just wouldn't receive everything you put in. But this applies to most government programs. When did you get anything but a negative return on taxes or medicare? |
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| Colli |
| Posted: Tue Nov 20, 2007 4:44 pm Post subject: |
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Investing Sr. Associate
Joined: 18 Nov 2007
Posts: 57
This Month: 0
126.68 e$
Net worth: 15,272.38
Portfolio Value: 15,145.70
Monthly Return: -8.22%
Trades this month: 0
Churn Rate: 0.00%Items
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| Wasn't it Lyndon Johnson who moved Social Security into the General Fund? Nice going Lyndon - He and every President since has tapped our retirement to pay for wars (Johnson, Bush I and Bush II), Legacies (Clinton's Amazing Surplus), and Pork-Barrel Projects (Nixon and Carter). Wow - don't you wish we could do that - I maen just move someone else's money into our account and spend it any way we like. And these guys were voted in by us! |
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| Staggs |
| Posted: Wed Mar 19, 2008 3:34 pm Post subject: |
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Investing Sr. Associate
Joined: 19 Jun 2007
Posts: 141
This Month: 0
Location: Wisconsin
3884.82 e$
Net worth: 14,023.52
Portfolio Value: 10,138.70
Monthly Return: -8.25%
Trades this month: 0
Churn Rate: 0.00%Items
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| Social Security is a great system, problem is they have stole most of the money from the system. |
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