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Old 03-02-2013, 03:30 PM   #16
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Originally Posted by ROL View Post
This ^^^

Most especially that part.
Let's see. My first social security payments were in 1962. I was living in Germany and worked at a Armed Forces meat processing plant. It paid, gasp, no lie, 55 cents an hour. (Equivalent to German wages at that time). They took social security out of that. O, yeah, here I am fifty years later STILL paying into the system.

BTW, for anyone who wants to know what inflation really means: In 1962 gas cost me 25 cents a gallon and hamburger was about 30 cents a pound.
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Old 03-08-2013, 11:10 AM   #17
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Soscial Security was never an interest bearing account. That would lead one to believe that we all have an account in our name that we fund. Never true. SS is an INSURANCE policy. and works like one. You dont fund your own bike policy ,you fund all the current claimants with the belief that when you need it it will pay you too. Same for SS.
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Old 03-12-2013, 11:01 AM   #18
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Originally Posted by day004 View Post
Soscial Security was never an interest bearing account. That would lead one to believe that we all have an account in our name that we fund. Never true. SS is an INSURANCE policy. and works like one. You dont fund your own bike policy ,you fund all the current claimants with the belief that when you need it it will pay you too. Same for SS.
This.

Ms. Myers doesn't fully understand what she's ranting about.
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Old 03-13-2013, 08:28 AM   #19
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Yah, well my social security check comes in a week, and I'm making plans for the track

You kids keep working, I enjoy lying around and sucking off the tit.
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Old 03-13-2013, 09:08 AM   #20
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The best plan is not planning on Social Security being there when you need it. I've been putting money elsewhere for years with the goal of not having to rely on or even expect Social Security in my older years.
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Old 03-14-2013, 09:09 PM   #21
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The best plan is not planning on Social Security being there when you need it. I've been putting money elsewhere for years with the goal of not having to rely on or even expect Social Security in my older years.
ROTH IRA/TSP > SS

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Old 03-14-2013, 09:40 PM   #22
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This.

Ms. Myers doesn't fully understand what she's ranting about.
She is ranting that she paid in via a tax with a promised pay out.
Call it what you want ..the above is what was sold to Patty.

When our own Government sells such to a citizen we should believe it..riiiiiight?
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Old 04-12-2013, 06:51 PM   #23
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I dunno. I believe we owe it to our elders to take car of them. Much like injured military.

Politicians are needed, that's the way our style of democracy is set up. Too many, if not all, are worthless. But its the system that made them this way. The only way to fix it, IMO, is to let it fail and rebuild it the right way. More like an evolution as opposed to a revolution.
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Old 04-29-2013, 09:13 AM   #24
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I can agree with taking care of our elderly and military. To do this we need to kick off the Illegals, the Lazy, the incompetent and the scammers from the system. That alone would bring Social Security back.

This lady has a legit gripe and nailed it right on the head. The POS politicians use the elderly as a tool to scare everyone into thinking the opposite of what is reality and the reality is exactly what Myers Stated.

I was forced to go on MediCal and MediCad in 2010. I was refused. I had no money in the bank, had no assets to sell and yet I came to get this so my daughter can get insulin. After 3 hearings we where granted this. My first visit I witnessed 3 people who could not speak a lick of English walk out with 225 emergency funds. I wonder how many times a day through the nation these illegals get 225 cash for emergency? yet I after paying into the system for 30 plus years had to beg
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Old 05-12-2013, 09:52 AM   #25
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As a self employed individual I pay 13.4% of my income out for mandatory "entitlements" what the F**k is entitled about that?
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Old 05-12-2013, 10:24 AM   #26
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As a young person, i see it as some group of people sold people in the same generation an unsustainable plan paid for with their taxes. I think maybe you should have stopped it 40 years ago. Basically their 'greedy' generation came up with a plan to pay a little bit now and get it all back from the younger generation later. The politicians of their era got re-elected partially on the basis of SS, so I lay the blame partially with those that voted.

Edit: I should add this is heavily influenced by growing up in the 90s. Growing up my parents said they never expect to get a dime back from SS but at least their parents are getting SS payments so in effect, they are giving money to their parents with the gov in the middle taking a %. My parents dont expect to get any SS, I dont expect to get any SS, its just a black hole of nothing to me.

Edit2: And i might need to add i only apply this to the retirement portion of SS, Disability and the myriad other things SS does are another discussion.

Last edited by ebRider; 05-12-2013 at 11:16 AM..
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Old 05-12-2013, 11:50 AM   #27
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Hey ebRider, you might want to spend a few minutes and research SS.
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Old 05-13-2013, 05:54 AM   #28
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Hey ebRider, you might want to spend a few minutes and research SS.
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Apologies if i'm not clear, I dont mean that SS was created 40 years ago, I mean politicians the entire lifespan of the people currently retiring have been promising to fix SS. LBJ, JFK, Bush, etc. Certainly the congress's at the time as well. In the 50s, 60s, 70s, and 80s SS faced shortfalls but instead of killing it it has continuously just received a higher and higher portion of the working stiffs salery. In essence pushing the bill down to the next generation.

If you mean something else please describe and link, 'history' is a long subject and something i enjoy learning about.

Last edited by ebRider; 05-13-2013 at 06:00 AM..
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Old 05-13-2013, 10:56 AM   #29
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Fixing and privatizing are separate issues. One of the foremost problems with SS was/is that it was a giant pot of gold, funds were "borrowed" and not paid back, bonds were issued, and now we are entering a crisis.
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Old 05-15-2013, 04:47 PM   #30
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Originally Posted by ebRider View Post
As a young person, i see it as some group of people sold people in the same generation an unsustainable plan paid for with their taxes. I think maybe you should have stopped it 40 years ago. Basically their 'greedy' generation came up with a plan to pay a little bit now and get it all back from the younger generation later. The politicians of their era got re-elected partially on the basis of SS, so I lay the blame partially with those that voted.

Edit: I should add this is heavily influenced by growing up in the 90s. Growing up my parents said they never expect to get a dime back from SS but at least their parents are getting SS payments so in effect, they are giving money to their parents with the gov in the middle taking a %. My parents dont expect to get any SS, I dont expect to get any SS, its just a black hole of nothing to me.

Edit2: And i might need to add i only apply this to the retirement portion of SS, Disability and the myriad other things SS does are another discussion.
Read some history, please.
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