Posted on 01/18/2007 11:15:10 AM PST by Froufrou
Galveston and Brazoria counties in Texas privatized their SS programs for county employees years ago and they get several times more than we will on the OLD SS plan. And it is THEIR money and invested in conservative things, not in volatile markets.
http://www.ncpa.org/ba/ba215.html
Please add me to your ping list. Thanks.
NATIONAL CENTER FOR POLICY ANALYSIS HOME / DONATE / ONE LEVEL UP / ABOUT NCPA / CONTACT Some Americans Already Have Privatized Social Security |
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You mut have some good 401(k)s or a really tiny cottage in FL. Property taxes and insurance can easily add up to $6-10K per year on a retirement size home.
Well the Dems want to give the illegal immigrants SS and medacare and everything else, yet they scream, yell and jump up and down with the born citizens of America are due to reap the benefits of some of what they have worked their whole lives for....
What's this guy's problems?
That isn't retirement money, it's a Ponzi scheme. Your money is gone the second the government snatches it away from you. You're right in a way though, they have stolen your retirement money, but they stole it through the SS system. Had you been able to keep that money all these years, you would have been able to invest it on your own for retirement.
One other thought, I wonder how many leftist boomers who pushed for abortion, and continue to this day, now fret over there not being enough younger Americans to pay for their retirement.
TX, not FL. Taxes are $2000 but that's this year. It's only 850 sq. ft.
My husband has done very well with his investments. Mine are less and I don't move stuff around the way he does. I have a Merrill Lynch guy steering mine.
The trust funds are an unfunded liability. The SS Trust Fund is included in our almost $9 trillion national debt as "intragovernmental holdings." Any analysis that treats the SS trust funds as an asset is flawed. By 2017, SS will be paying out more than it is taking in, which means the USG must come up with the difference by borrowing and/or reducing spending and benefits.
Sorry, but sheer demographics kill SS. We're not having enough kids to support a ponzi scheme like this.
Apparently not bad enough if you expect to actually get SS.
Expect to get? Why would I expect to get what I'd paid for my entire working life?
I watched Bernanke testifying this morning - and with the mental midgets on the committee - it was as if they were trying to drink from a fire-hydrant in understanding his responses. His quick and aggressive testimony is what the administration needs i a lot of areas, rather than appearing as a punching bag at congressional hearings.
I can see that. I have a job with odd hours, which oftentimes leave weekdays free, and that can be boooooooooring! I plan to retire at 70...hopefully...
Create a crisis, aggravate it and then offer a solution.
I have zero confidence - no, less than zero - that the criminal fascist syndicate occupying Washington could solve any problem relating to finances or individual liberty. These are foreign concepts to these crooks. I wish they would just wear parrots and eye patches and hoist the Jolly Rogers flag above the nation's capital. It would be the first and only honest act our thieving government has done in the last 70 years.
Thieves all.
You must have been doing something right if you two put enough money away to retire before either of you hit 60!
SS recipient age needs to be moved back up to where 33 workers support 1 retiree...so age 85 or so.
Naw. Bush is rapidly filling the shortage with illegals daily. With the help of the Marxist-Dimocrat party, they will have it filled with illegals, rag heads and commies from the old eastern block, and france!
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