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Re: Social Security hurting Perry? 

By: ribit in FFFT | Recommend this post (1)
Thu, 15 Sep 11 6:57 PM | 49 view(s)
Boardmark this board | Food For Further Thought 		Msg. 33578 of 65535
(This msg. is a reply to 33571 by Decomposed)
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decomposed
People live a lot longer than the plan ever intended, and probably exceed their contributions + interest by 100 percent or more.

...and a lot of folks die before they ever draw a dime. The insolvency of the fund is caused primarily by the inclusion of programs not even remotely related to "retirement". Not saying these are not valid programs. That would be a different argument for a different day. What I am saying is that things like "crazy checks" shouldn't be part of social security.

...and another thing. I got a neighbor who's father was killed in nam. (Phantom Pilot USAF) He is a deaf mute and has never had a job in his life. He has never paid a dime in social security but he draws a social security disability check. How is that "retirement related".

...If my social security "contributions" plus my employers "contribution" to my account had been placed in a simple interest bearing account (whatever the average was over my lifetime) I would have a half million bucks or so now. Social security is broke because politicians couldn't stand to see all that money laying around when they could use it to buy votes.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: Social Security hurting Perry?
By: Decomposed in FFFT
Thu, 15 Sep 11 4:24 PM 		Msg. 33571 of 65535

re: "...it's a ponzi scheme. The 70% are in denial"

I went looking for something that SHOULD be easily found - government statistics on the amount the AVERAGE person contributes to Social Security + interest earned, and on the amount the AVERAGE person withdraws from Social Security.

Oddly enough, I couldn't find them. Hmm. Isn't it strange that these numbers aren't widely known???


We all know in our hearts that Social Security is a ponzi scheme. People live a lot longer than the plan ever intended, and probably exceed their contributions + interest by 100 percent or more.

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