Msg. 02447 of 62138 (This msg. is a reply to
02442 by
micro)
Jump:
My grandfather HATED this Ponzi scheme when it was first created under the Roosevelt Administration back in the 30s. He said the government had no business, whatsoever, trying to guarantee a minimum standard of living for anyone - AND HE WAS ABSOLUTELY CORRECT!
Fast forward 50 years and I'm having conversations with my mother and then my father-in-law regarding the obvious insolvency of Social Security:
Mom: We deserve every penny in our Social Security accounts - we paid into the system for decades!
Me: Mom, you don't have an "account" with Social Security ... there are no funds there ... they are simply waiting on withholdings from my earnings to arrive so they can shoot it back out to you. And, be very glad you do not have an "account," like in a bank ... because if you did, even if they gave you 10% on all of the Social Security taxes that were abducted from you over the years ... based on the current Social Security payouts ... you would have burned through your "account" in the first 4 to 5 years.
Me: Dad, suck every penny you can possibly get out the Social Security system ... because it may crater before I see any benefits from it and will certainly be dead before your grandchildren get to whatever is considered "retirement age" when they get old.
Dad: You really think so?!
Me: I KNOW SO. Social Security is a Ponzi scheme and somebody soon will be left holding the empty bag. As soon as Social Security funds started being funneled into the federal government's general fund - thanks to Lyndon B. Johnson - it was immediately accelerated into an unsustainable system. I am willing to make a trade with the federal government, right now ... if my children do not have to put a penny into the Social Security system, EVER, I will continue to pay Social Security taxes for the rest of my working life and not take even one cent out of it, in return.
- - - - - The above is a reply to the following message:
Re: IF true this sucks,,,,,,,,,,Clock is Now �3 Minutes to Midnight� on Social Security and Medicare Benefits
By: micro in
POPE 5 Fri, 15 Jun 18 5:58 PM
I AM SICK of this BLATANT BS from A holes like this TOAD blaming BABY BOOMERS impending retirements and the smaller groups of people behind us to support the benefit levels as the reason why it is unsustainable....
HERE IS WHY it it is difficult and in the shape it is in.
CONGRESS CRITTERS and past PRESIDENTS WHO STOLE ALL THE DAMN MONEY because the could and left it with NOTHING!
NO ONE, and I Mean NO ONE ever talks about how the BOOMERS supported such a small group ahead of them and had MASS STOCKPILES of MONEY in the TRUST FUNDS for themselves leftover until freaking THIEVES RAIDED it.
NOW instead of accepting their responsibility for STEALING ignoramouses like this author want to blame it on numbers.
YET, the fool doesn't mention the disparity in the number of BOOMERS who paid to suppirt the generation ahead of them with LOTS of money left over.... Seems to be forgotten or this moron is looking for an easy blame target.
THIS IS BS. There was plenty of money to support everything. The interest alone on that money was staggering... Until we started deficit spendin in huge amounts and just helped ourselves to our retirement money we already put in there.
MESSAGE TO THE AUTHOR AND CONGRESS.
YOU STOLE IT.. NOW PUT IT BACK.... TIME TO PAY THE PIPER and for the FAKE STORIES LIKE THIS ONE to be corrected....
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