Author Topic: Will Social Security pay or be the end of our government as we know it?  (Read 1025 times)

Offline AKIron

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As one of the latest baby boomers, born in 1954, I have to wonder if I will see a return on my life long investment. While I'm not depending on it entirely for my retirement, it will make life easier. Many millions around my age probably feel the same way or will be even more dependent upon getting their social security check. If scocial security becomes unable to meet our needs just how great will social unrest become? Whaddya think?
Here we put salt on Margaritas, not sidewalks.

Offline john9001

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Will Social Security pay or be the end of our government as we know it?
« Reply #1 on: October 17, 2007, 07:08:50 PM »
a lot of us grey panthers have guns.

storch

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Will Social Security pay or be the end of our government as we know it?
« Reply #2 on: October 17, 2007, 07:27:01 PM »
I don't expect to see a penny of it. <1957> very very near the tail end of the boomer gen.

Offline Captain Virgil Hilts

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Will Social Security pay or be the end of our government as we know it?
« Reply #3 on: October 17, 2007, 07:32:23 PM »
The baby boomer generation is generally accepted as being born between 1946 and 1964. Just sayin'.
"I haven't seen Berlin yet, from the ground or the air, and I plan on doing both, BEFORE the war is over."

SaVaGe


storch

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Will Social Security pay or be the end of our government as we know it?
« Reply #4 on: October 17, 2007, 08:11:06 PM »
there was huge decline in births after 1957.  the end was around 1960 inspite of what is generally accepted.

Offline AKIron

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Will Social Security pay or be the end of our government as we know it?
« Reply #5 on: October 17, 2007, 08:13:22 PM »
I have children and grandchildren and hoping before I die even greatgrandchildren. I would not be a sore burden upon future generations and I'm doing what I can to avoid that and would even go suffering quietly into the night if it meant their well being. Allowing a government to visit upon them pain and false promises in their declining years I may not suffer in silence.
Here we put salt on Margaritas, not sidewalks.

Offline Arlo

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Will Social Security pay or be the end of our government as we know it?
« Reply #6 on: October 17, 2007, 08:16:49 PM »
Is this actually devolving to an argument on who qualifies for the nomenclature of "baby boomer?" :D

I'm not for taking bets on the demise of SSI. I'm for working to sustain it. Even though it's not quite enough to sustain me after I'm done working. Supple-mental dope sales and illegal gun sales should cover the rest.;)

Offline john9001

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Will Social Security pay or be the end of our government as we know it?
« Reply #7 on: October 17, 2007, 08:33:40 PM »
what about the pre boomers and the post boomers?

Offline AKIron

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Will Social Security pay or be the end of our government as we know it?
« Reply #8 on: October 17, 2007, 08:41:29 PM »
Quote
Originally posted by john9001
what about the pre boomers and the post boomers?


Preboomers are taken care of. The work force is sufficient to pay make their retirement payments. When there are more claims than can be supported by the current work force we are in trouble and this will likely be the case in 10-15 years imo. The government will likely either default or inflate the dollar making the ss payments of less value. Either way, millions will be left wanting. Here's to hoping the younger generations learn not to trust socialism.
Here we put salt on Margaritas, not sidewalks.

Offline DYNAMITE

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Will Social Security pay or be the end of our government as we know it?
« Reply #9 on: October 17, 2007, 08:41:58 PM »
well, on these boards I'm most certainly one of the young'ns (1976) and I can say with out a doubt that I have zero confidence that I will receive any of my social security benefit.  

I'm happy enough to pay into it as I see it as a means of giving back to the generations that came before me, but like I said, I know it won't be around by the time I come of age.

Offline AKIron

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Will Social Security pay or be the end of our government as we know it?
« Reply #10 on: October 17, 2007, 08:46:57 PM »
Quote
Originally posted by DYNAMITE
well, on these boards I'm most certainly one of the young'ns (1976) and I can say with out a doubt that I have zero confidence that I will receive any of my social security benefit.  

I'm happy enough to pay into it as I see it as a means of giving back to the generations that came before me, but like I said, I know it won't be around by the time I come of age.


Even with a top heavy society I think it could have been sufficient had it not had the "welfare" siphon so firmly implanted.
Here we put salt on Margaritas, not sidewalks.

Offline Shamus

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Re: Will Social Security pay or be the end of our government as we know it?
« Reply #11 on: October 17, 2007, 09:57:16 PM »
Quote
Originally posted by AKIron
As one of the latest baby boomers, born in 1954, I have to wonder if I will see a return on my life long investment. While I'm not depending on it entirely for my retirement, it will make life easier. Many millions around my age probably feel the same way or will be even more dependent upon getting their social security check. If scocial security becomes unable to meet our needs just how great will social unrest become? Whaddya think?


Geez Iron now you sound like a liberal.. you didn't make a life long "investment", you paid a tax.

I have always gotten a kick out of the folks that rationalize getting welfare in their old age by saying they "paid into it" for all those years :)

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storch

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Will Social Security pay or be the end of our government as we know it?
« Reply #12 on: October 17, 2007, 10:28:08 PM »
I never counted on SSI.  it's a ponzi scheme and unsustainable.  that was clearly evident to me even as a young man.  after roe v wade was signed into law all those future contributors murdered in their mother's womb pretty much put the last few nails into the FDR ponzi scheme.

I suggest a look at aggressive play in the stock market.

Offline ROC

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Will Social Security pay or be the end of our government as we know it?
« Reply #13 on: October 17, 2007, 11:39:23 PM »
Cost of living increase January 2008, $24.00 per month, puts the typical recipient at $1,079.00 per month, roughly $13,000.00 ($12,948.00) Per Year.

54 Million Current Recipients.

702 Billion Dollars Annually for Social Security, not including Medicaid/Medicare.

That is 1/3 our National Budget.

The First technical Baby Boomer just recently announced retirement, so these numbers will just go Up, more will Retire than Expire.  Not cruel, just math.

Oddly enough, some of the income from Social Security is Taxed...wait..wasn't it taxed when it was earned to begin with?  But I digress..

There isn't enough money to pay out all the upcoming retirees, unless you take it from someone Else, now they have to pay not only for themselves, but someone else.  After a while this perpetually grows until there Is no more.

It's ok to take all the money from the "Rich" but when THEY stop producing, where's it going to come from?  Trust me, after a while, they Will stop producing, at least Here.  It runs contrary for an industrious person to continually feed someone else with no return.  

People better start thinking about trying to Keep what they earn, or by golly, you are Going to have to rely on someone Else to take care of you, guess who it's going to be?

Guys, I know some of you wish for a Utopian socialist society, but This Nation is built on Freedom and Capitalism, the Professional Socialists couldn't make it work, what makes you think us novices can pull it off when we are Instinctively driven by Profits and Rewards for our efforts?

This SS system is going to collapse, as it should.  Put your money in a savings account, don't rely on the Government to take care of you when you retire or ME to take care of you if you blow it.

Your "leaders" have you convinced that you are too stupid to take care of yourself, and you Reward them for the insult.  At least us selfish Republicans have the decency not not only Expect you to take care of yourself, but the Confidence in you that you Can.  I understand the whole concept of a Safety Net, but think about it, No Net, kinda makes you want to hang on with a bit more urgency, doesn't it?

Now, I have recently irritated some very close political friends of mine, who happen to be leftward of reality, and I proposed the following.

How about we try this out for size.  

Knowing the vast wealth of the Liberal Left, such as Dean, Clinton, Gore, Kennedy and the like, and comparing their wealth against the Needy, we do this.

All Democrats simply form a collective.  Pool your resources.  Anyone registering Democrat can join the pool.  

Now, all of you just feed and house each other, live in your utopia, and leave the rest of us alone.  Your combined wealth alone will More than solve the problems that we continually are forced to argue over.  Now, hear me out, you could DO more in that action than you could Ever accomplish by constantly arguing over who Should pay, I don't Want to pay, it's not my Kid,House,Problem.

You want the Utopian Society, then Create it by Action, quit trying to make ME do it, I don't Want to, You Do, so just Do it and you show me just how miserable I am for not helping, while you save humanity, whales, purple penguin or whatever fad of the week you guys come up with.

Of course, I got the usual arguments that I was callous, selfish, and unconcerned about the fate of mankind.  I responded, Yes, I agree, and if I Won't do these things, You should feel even More superior because You Did.  So get off me and mine, and go solve the concerns.  It's not about Who solves it, after all, it's about Solving it, Right?? Why Talk about who Should pay when clearly you Want to pay, so Pay!

See, the reality is, that just might Solve the problem, but that's not exactly what they are hoping for.  Those Issues are not worth the commitment to actually do something about it, the issues are there to assume control.  The instant argument was That's not Fair, "I" have to shoulder the Burden myself.  To which I argued, So? It's Your burden, You created the Crisis, I don't think there is one, why Should I contribute if I don't Care or See what your talking about?  Heck, I need tires on my Van, cough it up already!  Oh, Wait, Never mind, My Bad.  My Van and I Already Bought The Tires!

So let's start whacking away at these Social Control programs, and get this nation back on track with some Reality behind it, or take me up on my idea and actually Do something about it.  I've looked, you can start a local commune in your neighborhood easily.  

So let's see who's made of what out there.

Scrap this garbage or Step up and put Your money where you want Me to.


:D  hehe entertaining myself with a nearly tongue in cheek rant
ROC
Nothing clever here.  Please, move along.

Offline Arlo

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Will Social Security pay or be the end of our government as we know it?
« Reply #14 on: October 18, 2007, 12:40:33 AM »
>>Guys, I know some of you wish for a Utopian socialist society, but This Nation is built on Freedom and Capitalism<<

As much as some *want* to believe it, socialism, in no way, threatens capitalism ... or freedom. Both have existed in this country for some time. And many countries have mixed economies and their societies let capitalism do it's thing (within reason) and their citizens enjoy freedom.

The Republican platform may feel threatened, for some reason, over social programs to help citizens who suffer temporary (or in some cases permanent) setbacks and a social security net in a society that doesn't force industry to maintain a decent and moral retirement program for employees (I don't see industry stepping up to the plate) but the "Grand Old Party" has never offered anything in it's stead other than rolling back to a  laissez-faire capitalism mindset, claiming that industry and business either never took advantage of the American worker or, again, for some reason, wouldn't again. And anyone who can open a history book can read how Hoover, in spite of making some exceptions to party platform, didn't ... no *couldn't* make "volunteerism" work and how Roosevelt's "New Deal" had more of a positive impact.

And it's not like the Republican party hasn't done it's best to torpedo medicare, social security and welfare since their inception, either. And one really wonders why the programs haven't been perfected and why there's a struggle to keep them working or to make them more efficient? Yet the same folks who complain that the burden of these programs on later generations is unfair to them don't seem concerned about the huge(r), inefficient waste of government funds on foreign policy and war that turned out to be not only a complete fiasco but increased the threat to succeeding generations national security.

Frankly, I don't see the hyperbole and rhetoric making a case for my concern reaching the level of fear and paranoia I see displayed.

Really.

But I'll keep reading and watching the offerings to see if anything with real meat on it is put on the plate. :)

Politics aside, though, I do miss flying with ya, ROC. :D