21 trillion in debt? No more having our trade partners laugh at us behind our backs
-
Don't worry. My generation will be the ones that start to feel it
-
Careful now. I think you're closer to being a baby than I am at this point
-
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
I prefer this one.
-
-
Are those flowers growing between your toes Steve????
Not sure I caught that one. Expound.
WSS
Not sure I caught that one. Expound.
WSS
As in pushing up daisies. LOL. We'll both be lucky to get 15 to 20 more years.??
-
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
-
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
So then everybody will be calling you young people Nazis and racists and all that crap? And it will be you guys the Liberals balancing the budget on the backs of the poor and the elderly? Good. And the Democrats will be pushing for a 70 year old retirement age.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
Ps how old are you JB?
WSS
-
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
So then everybody will be calling you young people Nazis and racists and all that crap? And it will be you guys the Liberals balancing the budget on the backs of the poor and the elderly? Good. And the Democrats will be pushing for a 70 year old retirement age.
WSS
So then everybody will be calling you young people Nazis and racists and all that crap? And it will be you guys the Liberals balancing the budget on the backs of the poor and the elderly? Good. And the Democrats will be pushing for a 70 year old retirement age.
WSS
All things being equal, both political parties have screwed the pooch on fixing and/or phasing out Social Security, simply because in order to do so, they'd need to either reduce the benefits for boomers already collecting or soon to collect Social Security, and/or increase the contribution rate from the younger generations paying into it while knowing full well that those people would never see their full benefits by the time they reach retirement age. This problem has been known since at least the 80s, yet no one dares to fix it, Republican or Democrat, because it's politically unpalatable. That's why my current retirement plans rely very little on projected Social Security benefits, because there's no chance in hell i'll be collecting near what Uncle Sam takes out of my paycheck every other week in Social Security taxes.
Ps how old are you JB?
WSS
I turn 32 next month.
"That which can be asserted without evidence can also be dismissed without evidence”. - Christopher Hitchens "The universe is under no obligation to make sense to you". - Neil deGrasse Tyson -
Give a man a fish, you feed him for a day
Teach a man to fish, you feed him for a lifetime
Promise a man somebody else's fish for a lifetime, you create a Democrat.
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
Well, since current and imminent retirees will be collecting $3 for every $1 they actually put in the social security system, courtesy of younger generations such as mine, that means every baby boomer will be eating tilapia and voting Democat, then.
Steve and I have decided we're living about 5-10 years beyond the stat prediction so we can get a $4 for $1 deal. Since the majority of the itty bitty SS check I get came from Texas summer jobs tearing down old buildings (starting with those hot roofs), active duty Army and then several years in the real "organized militia" (Nat. Gd.), I think I earned it.
BTW it's far, far less that the IRA money I paid out of my own pay check that has more than multiplied by Xs 10 during a similar period. I would rather have been doing that than investing it in those shitty checks from SS that are worth far less per $ now than what they were when I put them in. But that's ok. The younger generation will be paying for Trump's rich man tax cut after the inflation it causes even worse than my generation has.
-
So then everybody will be calling you young people Nazis and racists and all that crap? And it will be you guys the Liberals balancing the budget on the backs of the poor and the elderly? Good. And the Democrats will be pushing for a 70 year old retirement age.
WSS
All things being equal, both political parties have screwed the pooch on fixing and/or phasing out Social Security, simply because in order to do so, they'd need to either reduce the benefits for boomers already collecting or soon to collect Social Security, and/or increase the contribution rate from the younger generations paying into it while knowing full well that those people would never see their full benefits by the time they reach retirement age. This problem has been known since at least the 80s, yet no one dares to fix it, Republican or Democrat, because it's politically unpalatable. That's why my current retirement plans rely very little on projected Social Security benefits, because there's no chance in hell i'll be collecting near what Uncle Sam takes out of my paycheck every other week in Social Security taxes.
Ps how old are you JB?
WSS
I turn 32 next month.
All things being equal, both political parties have screwed the pooch on fixing and/or phasing out Social Security, simply because in order to do so, they'd need to either reduce the benefits for boomers already collecting or soon to collect Social Security, and/or increase the contribution rate from the younger generations paying into it while knowing full well that those people would never see their full benefits by the time they reach retirement age. This problem has been known since at least the 80s, yet no one dares to fix it, Republican or Democrat, because it's politically unpalatable. That's why my current retirement plans rely very little on projected Social Security benefits, because there's no chance in hell i'll be collecting near what Uncle Sam takes out of my paycheck every other week in Social Security taxes.
I turn 32 next month.
All that's true. Good luck selling that to an increasingly "me" population.
Anyway Financial people of been begging people to invest rather than waste generation after generation. People just won't do it. It's easier to put off responsibility until it's too late.
WSS
-
By the way the whole Social Security Ponzi scheme is one of the things that's going to bite Us in the a$$. It's always puzzled me that people look to Franklin Delano Roosevelt as some kind of a hero.
WSS
-
I live quite comfortably on my Military Retirement/Social Security/Thrift Savings Plan/401K's. Keep paying up kiddies?
-
By the way the whole Social Security Ponzi scheme is one of the things that's going to bite Us in the a$$. It's always puzzled me that people look to Franklin Delano Roosevelt as some kind of a hero.
WSS
By the way the whole Social Security Ponzi scheme is one of the things that's going to bite Us in the a$$. It's always puzzled me that people look to Franklin Delano Roosevelt as some kind of a hero.
WSS
He was the last King before Donald and the reason we now have term limits on the presidency.?
-
So then everybody will be calling you young people Nazis and racists and all that crap? And it will be you guys the Liberals balancing the budget on the backs of the poor and the elderly? Good. And the Democrats will be pushing for a 70 year old retirement age.
WSS
All things being equal, both political parties have screwed the pooch on fixing and/or phasing out Social Security, simply because in order to do so, they'd need to either reduce the benefits for boomers already collecting or soon to collect Social Security, and/or increase the contribution rate from the younger generations paying into it while knowing full well that those people would never see their full benefits by the time they reach retirement age. This problem has been known since at least the 80s, yet no one dares to fix it, Republican or Democrat, because it's politically unpalatable. That's why my current retirement plans rely very little on projected Social Security benefits, because there's no chance in hell i'll be collecting near what Uncle Sam takes out of my paycheck every other week in Social Security taxes.
Ps how old are you JB?
WSS
I turn 32 next month.
I turn 32 next month.
That means I've been paying into Social Security 10 years longer than you've been alive.
Whenever I decide to retire, I would say I deserve whatever I've paid into the system.
Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney -
By the way the whole Social Security Ponzi scheme is one of the things that's going to bite Us in the a$$. It's always puzzled me that people look to Franklin Delano Roosevelt as some kind of a hero.
WSS
He was the last King before Donald and the reason we now have term limits on the presidency.?
He was the last King before Donald and the reason we now have term limits on the presidency.?
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
-
He was the last King before Donald and the reason we now have term limits on the presidency.?
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
And Social Security and the New Deal.
And screwed around for years while World War II raged on. I think that benefit that we got was inadvertent though let the industrial power of Europe wipe each other out and the United States comes in to reap the rewards.
WSS
-
He was the last King before Donald and the reason we now have term limits on the presidency.?
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
Wrong. The 16th amendment establishing income tax was ratified in 1913. But mandatory withholding from wages WAS implemented under FDR in 1943.
https://www.thoughtco.com/history-of-the-us-federal-income-tax-3321600
-
That "King" introduced us to the "temporary" Federal Income Tax to help fund the war.
Good job FDR.
Wrong. The 16th amendment establishing income tax was ratified in 1913. But mandatory withholding from wages WAS implemented under FDR in 1943.
https://www.thoughtco.com/history-of-the-us-federal-income-tax-3321600
Wrong. The 16th amendment establishing income tax was ratified in 1913. But mandatory withholding from wages WAS implemented under FDR in 1943.
https://www.thoughtco.com/history-of-the-us-federal-income-tax-3321600
Whatever you want to call it, FDR was the founding father of tax & spend.
-
That means I've been paying into Social Security 10 years longer than you've been alive.
Whenever I decide to retire, I would say I deserve whatever I've paid into the system.
Absolutely, you should get all the money you put in back. That, however, doesn't include the extra $3-4 dollars of benefits boomers on average are collecting that they didn't put in.
"That which can be asserted without evidence can also be dismissed without evidence”. - Christopher Hitchens "The universe is under no obligation to make sense to you". - Neil deGrasse Tyson
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login