Social security to run out of money in 21 years.

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

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    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?
     
  2. Mr Clean
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    Mr Clean Gold Member

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    Remove the earnings cap.

    Problem solved.
     
  3. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    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.
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    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
     
  5. Full-Auto
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    Full-Auto Gold Member

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    Yup, we just need to borrow until that date to keep it solvent. Is this when they wont let us borrow anymore?
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    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
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    EdwardBaiamonte Gold Member

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    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.
     

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