Social Security: Where did the money go?

Discussion in 'Politics' started by shintao, Jul 21, 2011.

  1. shintao
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    shintao Take Down ~ Tap Out

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    The interesting thing is that 22% of those who paid into social security never live to benefit from the program, and the average years seniors get benefits before dying is only 17 years. So where did all the money go that everybody paid in and never used, or didn't live long enough to even enjoy a few years of retirement? OR, why isn't Social Security solvent?

    Percentage of population surviving from 21 to 65, in 1990, in order to draw social security.
    Males: 72.3
    Females: 83.6

    =======

    Average remaining lifespan for those who survived to 65 to draw social security.
    Males live 15.3 years longer drawing benefits.
    Females live 19.6 years longer drawing benefits.


    Life Expectancy for Social Security
     
  2. Old Rocks
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    Old Rocks Diamond Member

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    Just think, if the Repukes get their way, all that extra money can go to Wall Street.
     
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  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny needs her social security so's she can buy more Halliburton stock...
    :eusa_eh:
    Seniors: We need our Social Security!
    July 30, 2011: Don't you dare withhold our Social Security payments!
     
  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    I see you accidentally left out the stats about the amount of people paying in versus those taking out. You also left out the fact that BOTH parties robbed the so called "lock box"
    Naw, you not partisan about this at all.
     
  5. RetiredGySgt
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    RetiredGySgt Platinum Member

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    The Government spent it. And since 1952 the dems have controlled the house for 44 years guess who that means spent it?

    Ohh they replaced it with Government IOU's. Of course the Government has no money so can not pay them off.
     
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  6. LilOlLady
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    LilOlLady Gold Member

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    You have been indoctrinated and brainwashed by FAUXNEWS, tea party and right wing scare tactics. Social Security is not broke and have a $2.6 surplus and do not add to the deficit and has not been gutted by the government. Even if is has, the government will make good on payment for the next 40 years. And then who will give a damn because we will have more problems than social security.
     
  7. LilOlLady
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    LilOlLady Gold Member

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    Democrates did not start two unfunded war, give big tax cuts to the rich, and let jobs leave the country. And now they want to make up by throwing granny, sonny and sis, the poor and disabled and troops under the train. They also want to make sure granny don't live long enough to collect social security and medicare.
     
  8. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Sorry to bust your little hate bubble, but ss was empty long before any of that happened.
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It's all gone. Spent.

    Thankfully we're a nation of idiots so it has fully sunk in yet that we've all been Madoffed out in the trillions column
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Right, you'd have a guaranteed 100% loss of what you put into an account you never own anyway.

    That's clever
     

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