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Message

re: Young Americans Turn Against Boomers Over Social Security

Posted on 1/7/24 at 8:31 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
424482 posts
Posted on 1/7/24 at 8:31 pm to
quote:

Just give me back my contributions without interest.


Two chez
Posted by iHEARTcorndogs
Island of Misfit Corndogs
Member since Oct 2023
1034 posts
Posted on 1/7/24 at 8:32 pm to
Yea, that’s almost the worldwide debt figure
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105503 posts
Posted on 1/7/24 at 8:35 pm to
I would welcome the government to pay me all that I have contributed and allow me to put that to work in another way.
Posted by themunch
Earth. maybe
Member since Jan 2007
64783 posts
Posted on 1/7/24 at 8:37 pm to
Only foreign countries are allowed interest on their money?
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68487 posts
Posted on 1/7/24 at 8:39 pm to
quote:

I would welcome the government to pay me all that I have contributed and allow me to put that to work in another way.



Not only is that not going to happen but Fedgov will probably confiscate your 401k too.
Posted by RiverCityTider
Jacksonville, Florida
Member since Oct 2008
4484 posts
Posted on 1/7/24 at 8:40 pm to
What's Trump's plan on SS?
DeSantis?
Haley?

You don't know? They haven't mentioned it?

Vivek has a plan. He's actually thought it through.

He also has a way to get term limits through congress.

He has a plan for the debt.

He has a plan for the border.

He speaks openly about all this.

We feel so hopeless because our leaders are hopelessly unimaginative.
Posted by BHTiger
Charleston
Member since Dec 2017
5128 posts
Posted on 1/7/24 at 8:41 pm to
quote:

We spend over $150 Trillion on Social Security EVERY YEAR.

A trillion is 1,000 times more than a billion


Well, that number is crazy wrong
Posted by AUCom96
Alabama
Member since May 2020
5077 posts
Posted on 1/7/24 at 8:43 pm to
I'll bet their tune is quite different with welfare, benefits for illegal immigrants and perpetual disability cases.

So we hate the elderly who actually contributed something to this country. Yay, us.

We deserve the failure that's coming.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7943 posts
Posted on 1/7/24 at 8:47 pm to
This country is adding a trillion to the debt every 3 or 4 months. The whole house of cards is coming down one day.
This post was edited on 1/7/24 at 8:50 pm
Posted by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18185 posts
Posted on 1/7/24 at 8:50 pm to
You mean Supplemental Security!
Posted by redfish99
B.R.
Member since Aug 2007
16595 posts
Posted on 1/7/24 at 8:51 pm to
It will be at their expense.
Posted by BayouBaw84
Thibodaux
Member since Oct 2016
1193 posts
Posted on 1/7/24 at 8:56 pm to
I wish they gave me the choice to invest it myself instead. I’m 39. The money invested is millions more at retirement.
Posted by Big Scrub TX
Member since Dec 2013
33651 posts
Posted on 1/7/24 at 8:57 pm to
quote:

... or all that money for Ukraine ????.
What does this even mean?
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7943 posts
Posted on 1/7/24 at 9:05 pm to
quote:

What does this even mean?


It means that instead of pouring massive resources into the most corrupt country in the world we should have kept the money here at home. Comprende?
Posted by aggressor
Austin, TX
Member since Sep 2011
8714 posts
Posted on 1/7/24 at 9:06 pm to
I've been paying in for 36 years and I expect to be completely fricked over.

BTW, blame the WWII Gen most of all. They blew up the benefits and are the ones who made it so it was the "3rd Rail" that could never be reformed. I remember listening to them bitch about not getting as big of a COLA adjustment as they wanted every year and to many of them they felt that SS was supposed to provide for them completely even though they paid in a hell of a lot less than we do. There were way too many of them to stop as a voting block. Worked out for them as they have basically all died out now and left us with the bill.

WWII Gen did a lot of great things but they really fricked us in a lot of ways.
Posted by Bayoutigre
29.9N 92.1W
Member since Feb 2007
5641 posts
Posted on 1/7/24 at 9:15 pm to
when ss started we had 10 or more people working,contributing to every 1 collecting we now have 3 or 4 working for every person collecting.do the math
Posted by Great Plains Drifter
Member since Jul 2019
4575 posts
Posted on 1/7/24 at 9:18 pm to
Well, they’ve succeeded in dividing groups along most every other line so might as well start fostering the generational divisions as well.
Posted by Padme
Member since Dec 2020
6268 posts
Posted on 1/7/24 at 9:22 pm to
It’s time for carousel

Posted by hottub
Member since Dec 2012
3380 posts
Posted on 1/7/24 at 9:29 pm to
Millennial here, 39 y/o, and not smart enough to compute the numbers BUT there are plenty here that can.

How many years, months, or days could the gubment fund SS with the money sent to the Ukraine?

What about the excessive amount spent in Iraq/Afghanistan?

The 1.5 Trillion the DoD has no clue where it went?

Posted by aggressor
Austin, TX
Member since Sep 2011
8714 posts
Posted on 1/7/24 at 9:29 pm to
quote:

when ss started we had 10 or more people working,contributing to every 1 collecting we now have 3 or 4 working for every person collecting.do the math


Actually it was 150. Life expectancy wasn't even 65 when it was introduced. There were so many ways to fix it but the easiest thing would have been to tie it to life expectancy or close to it. Instead it went from being a program to keep the elderly during the Depression from starving to a way of WWII Gen folks who didn't save money to live comfortably in a lengthy retirement.

BTW, for much of their careers WWII folks were paying just a couple of percent out of their paychecks. They jacked up the taxes in '86 as they were about to retire en masse to let everyone else pay the bill.
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