Social security to run out of money in 21 years.

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by iamwhatiseem, Apr 23, 2012.

  1. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    19,972
    Thanks Received:
    4,172
    Trophy Points:
    280
    Location:
    On a hill
    Ratings:
    +11,699
    So let's create a nationwide insurance plan....
    The administration last year said it would run dry in 2036...today they said more like 2033...next year they will say?

    Did I mention we will soon be $20 Trillion in debt?
     
    • Thank You! Thank You! x 1
  2. Mr Clean
    Offline

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    12,983
    Thanks Received:
    2,691
    Trophy Points:
    290
    Ratings:
    +6,843
    Remove the earnings cap.

    Problem solved.
     
    • Thank You! Thank You! x 2
    • Agree Agree x 1
    • Funny Funny x 1
    • Winner Winner x 1
  3. Big Black Dog
    Offline

    Big Black Dog Gold Member Supporting Member

    Joined:
    May 20, 2009
    Messages:
    23,236
    Thanks Received:
    5,319
    Trophy Points:
    270
    Ratings:
    +6,660
    I'll be long dead and gone. Hope you get it worked out. In the meanwhile, have a banana and relax. I guess the government shouldn't have spent all the money people have paid into social security over the years in such a foolish way.
     
    • Winner Winner x 1
  4. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    100,690
    Thanks Received:
    18,473
    Trophy Points:
    2,220
    Location:
    NYC
    Ratings:
    +66,172
    Social Security is already broke, Obama said so himself

    "I cannot guarantee that those checks go out on August 3 if we haven't resolved this"

    There's no assets to sell in the "trust fund"

    See that? There was nothing to sell! We had to borrow to make the current payment
     
    • Informative Informative x 1
  5. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,616
    Yup, we just need to borrow until that date to keep it solvent. Is this when they wont let us borrow anymore?
     
  6. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    19,972
    Thanks Received:
    4,172
    Trophy Points:
    280
    Location:
    On a hill
    Ratings:
    +11,699
    We have problems this big folks...and this President is desperate to create and even bigger social program.
    The cluelessness is almost surreal.
     
  7. EdwardBaiamonte
    Offline

    EdwardBaiamonte Platinum Member

    Joined:
    Nov 23, 2011
    Messages:
    32,120
    Thanks Received:
    1,312
    Trophy Points:
    1,100
    Ratings:
    +4,448
    SS already pays out more than it collects each month so its broke now. No worries though, 10,000 baby boomers are retiring a day, and the liberal government that owes us the money is only $16 trillion in debt.

    When folks who owe you money are dead broke and deep in dept don't worry, be happy.
     
  8. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    72,104
    Thanks Received:
    4,754
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +17,940
    Here's another Republican pushing the idea of killing social security.
     
  9. JakeStarkey
    Offline

    JakeStarkey BANNED Supporting Member

    Joined:
    Aug 10, 2009
    Messages:
    166,415
    Thanks Received:
    14,931
    Trophy Points:
    2,165
    Ratings:
    +51,091
    We have been seeing these "Oh noes SS is going to die" for 40 years or more.

    The fixes are very simple, but it requires both parties to sign on.
     
  10. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    100,690
    Thanks Received:
    18,473
    Trophy Points:
    2,220
    Location:
    NYC
    Ratings:
    +66,172
    What's the fix, Jake? Firing squads?
     

Share This Page