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?
     
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  2. Mr Clean
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    Mr Clean Gold Member

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    Remove the earnings cap.

    Problem solved.
     
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  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.
     
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  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
     
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  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 Platinum 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.
     
  8. sealybobo
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    sealybobo BANNED

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    Here's another Republican pushing the idea of killing social security.
     
  9. JakeStarkey
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    JakeStarkey BANNED Supporting Member

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    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
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    CrusaderFrank Diamond Member

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    What's the fix, Jake? Firing squads?
     

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