Truthmatters
Diamond Member
- May 10, 2007
- 80,182
- 2,272
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- Banned
- #61
enough to keep many old people from starving
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Social Security Supports Your Local Economy | Entitled to Know
Social Security pumps $725 billion into the national economy each year.
And how much is taken OUT of the economy each year from our paychecks to be put into Social Security?
Since the Greenspan Commission in the early 1980s, Social Security has cumulatively collected far more in payroll taxes dedicated to the program than it has paid out to recipients—nearly $2.6 trillion in 2010.
enough to keep many old people from starving
I wish they would teach people what it was like in this country BEFORE ss.
The elderly were very poor
I find it ridiculous that we pay in for our entire working lives - and this is what the government thinks needs to be cut. With all the government waste there is, with all the good that social security does, this is what they want to cut??
Social Security Supports Your Local Economy | Entitled to Know
Social Security pumps $725 billion into the national economy each year.
And how much is taken OUT of the economy each year from our paychecks to be put into Social Security?
Social Security and Poverty Among the Elderly - Embargoed Press Release - 4/8/99
SOCIAL SECURITY REDUCES PROPORTION OF ELDERLY WHO ARE
POOR FROM NEARLY ONE IN TWO TO LESS THAN ONE IN EIGHT
More than 60 Percent of Those Lifted From Poverty Are Women
So they are ahead of the curve, that's what you're saying
So they are ahead of the curve, that's what you're saying
No. What is happening is they are taking money out of every one of your paychecks ostensibly for the Social Security fund. But in reality they are taking more than they need and raiding the fund for other government spending.
This is common knowledge. Or at least I thought it was.
I find it ridiculous that we pay in for our entire working lives - and this is what the government thinks needs to be cut. With all the government waste there is, with all the good that social security does, this is what they want to cut??
Entitlements are the biggest part of the budget. When you have $15 trillion in debt, you can't leave the biggest part of the budget untouched.
And cuts to SS and Medicare are not the only things on the table. Your own OP clearly states that. They want to means test the mortgage interest deduction, for example. Which is a good idea, right? Right.
You want to know what is REALLY ridiculous? Living longer but not working longer. When the retirement age was set at 65 in 1935, the average life expectancy was 60! Yeah!
Thirty years later, when Medicare was created, life expectancy was 70.
Today, life expectancy is 78, and yet we still have the retirement age pegged to 65. 67 for some people.
In 1935, six percent of the population was over 65. Today, 12 percent are over 65. That's a literal doubling of the entitlement load.
It is far past time to raise the retirement age.
To at least 70.
That way, you are paying in five years longer and sucking from the Treasury five years less. That would make a huge difference.
It would also result in less money being taken from your paycheck to go to SS during your entire working life, since you are working longer and taking out less. That shit adds up! Way, way, way more money into the economy.
There we go!!!
SO: Why are big business/oil/corporations are people too my friend NOT included in the package. What makes their entitlements untouchable.
I find it ridiculous that we pay in for our entire working lives - and this is what the government thinks needs to be cut. With all the government waste there is, with all the good that social security does, this is what they want to cut??
Entitlements are the biggest part of the budget. When you have $15 trillion in debt, you can't leave the biggest part of the budget untouched.
And cuts to SS and Medicare are not the only things on the table. Your own OP clearly states that. They want to means test the mortgage interest deduction, for example. Which is a good idea, right? Right.
You want to know what is REALLY ridiculous? Living longer but not working longer. When the retirement age was set at 65 in 1935, the average life expectancy was 60! Yeah!
Thirty years later, when Medicare was created, life expectancy was 70.
Today, life expectancy is 78, and yet we still have the retirement age pegged to 65. 67 for some people.
In 1935, six percent of the population was over 65. Today, 12 percent are over 65. That's a literal doubling of the entitlement load.
It is far past time to raise the retirement age.
To at least 70.
That way, you are paying in five years longer and sucking from the Treasury five years less. That would make a huge difference.
It would also result in less money being taken from your paycheck to go to SS during your entire working life, since you are working longer and taking out less. That shit adds up! Way, way, way more money into the economy.
There we go!!!
SO: Why are big business/oil/corporations are people too my friend NOT included in the package. What makes their entitlements untouchable.
Again, it should be an option and not forced upon you. If you feel that you can't provide for yourself later in life then opt in....and collect your tidbits on a monthly basis.
16 trillion in debt, 60trillion in unfunded entitlements. I have more faith in the people to do the right thing than the government.
16 trillion in debt, 60trillion in unfunded entitlements. I have more faith in the people to do the right thing than the government.