21 trillion in debt? No more having our trade partners laugh at us behind our backs
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I live quite comfortably on my Military Retirement/Social Security/Thrift Savings Plan/401K's. Keep paying up kiddies?
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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.?
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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.
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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
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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
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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.
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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 -
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.
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.
If the boomers are going to collect an extra $3-4 bucks on every dollar, I would imagine the millennials are going to at least double that amount when they retire.
Two things that will define you: Your determination when you have nothing. Your attitude when you have everything. - Mike McCartney -
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.
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.
You need a basic course in compound interest.
I wish I had been allowed to put that money into a nice safe mutual fund instead. It would be worth one hellofa lot more than the pittance I'm getting back now.
Let me explain a little better. I put a small amount into IRA's a few years that was far less than I paid into SS. However those IRA's are paying me more now per year under minimum required distribution laws than I get from SS.
That now make sense to you? The SS fund is a shitty "investment".
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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.
If the boomers are going to collect an extra $3-4 bucks on every dollar, I would imagine the millennials are going to at least double that amount when they retire.
If the boomers are going to collect an extra $3-4 bucks on every dollar, I would imagine the millennials are going to at least double that amount when they retire.
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My 401K grew by leaps and bounds over a lot of years - I had
the company matching half every dollar put in. It was a terrific amount later on,
and if I could have put the SS into it....
"sigh"
I do like my SS though. But I COULD have been driving a gold plated pickup truck.
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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.
You need a basic course in compound interest.
I wish I had been allowed to put that money into a nice safe mutual fund instead. It would be worth one hellofa lot more than the pittance I'm getting back now.
Let me explain a little better. I put a small amount into IRA's a few years that was far less than I paid into SS. However those IRA's are paying me more now per year under minimum required distribution laws than I get from SS.
That now make sense to you? The SS fund is a shitty "investment".
You need a basic course in compound interest.
I wish I had been allowed to put that money into a nice safe mutual fund instead. It would be worth one hellofa lot more than the pittance I'm getting back now.
Let me explain a little better. I put a small amount into IRA's a few years that was far less than I paid into SS. However those IRA's are paying me more now per year under minimum required distribution laws than I get from SS.
That now make sense to you? The SS fund is a shitty "investment".
PolitiFact: Medicare and Social Security: What you paid compared with what you get
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