Why Social Security Will Go Bankrupt Sooner Than People Think

The American Thinker ^ | August 14, 2009 | Paul B. Matthews

[William Tell]

bill1952 said: "you neatly sidestepped my entire point and shifted the blame to a straw man. "

If your point is that being outvoted somehow entitles you to take money from future generations, then I disagree completely. Nobody is entitled to Social Security payments. Such payments are simply theft by the government.

Democratically passed legislation to commit theft is still theft.

[chris_bdba]

I feel the same way. Hubby has been working and paying in for over 30 years with the promise that we would get it back someday. They had better figure out a way to make that happen soon. Whether it takes cuts now to what they are paying out so those us us who are older later on get what we have been promised.

[PA-RIVER]

No,relax, you will get your money.

Treasury will print One thousand bazillion trillion quadrillion dollars each year.

You will need a dump truck full of cash to buy your can of cat food. Enjoy.

On the down side, every tree in the US will be cut down to print money. On the upside, every Senior citizen and illegal immigrant will be a multi millionaire and we pay off the Chinese with a Bazillion dollar bill. It will have Obamas picture on it. Do you think they will nuke us for this?

[Just mythoughts]

Oh but if Bama and his ‘death panel’ can get US to pay for that particular ‘end of life’ session where it becomes law of the land to prescribe those grandmas that ‘pill’ they can ‘save’ social security....

[Renegade]

Don’t like cats , BUT use cans of cat food for CATFISH chum .

[whd23]

On the down side, every tree in the US will be cut down to print money.

US currency is printed on paper made from linen and cotton.

</nitpick>

[Quigley]

“The young family just starting out will be subsidizing senior citizen vacations even more.”

Don’t think I don’t appreciate it cause I do. I have drawn my first two and next wednesday will be my third social security check. I want to thank you because they sure come in handy when I make the payments on my new Dodge SLT Ram Pickup with 5.7 Hemi engine and my new SunCruiser 24 foot Party Barge Pontoon boat. Without your contributions I would never be able to afford either of them.

I paid into the “ponzi scheme” for 49 years and I think I’m entitled to a few nice things in my life as it starts to wind down.

As for vacations I can’t decide on Jamaica or the Cayman Islands. What do you think? Since your paying for it I think you should have some input as to where I spend it.

[Gandalf_The_Gray]

When you get down to cases, where was the Social Security "Trust Fund" supposed to be invested? You are the fund manager, just where do you put the money? You are talking hundreds of billions, do you put it in the stock market? Funds of that magnitude would cause major tremors in the market upon rumors that they might "redistribute" their portfolio. Do you put it in the banking system, I think not as the US government guarantees the banking system. Do you stick it in a Mason Jar under the front porch? Cant do that as it generates no return.

The only sane thing to do would be to pay down current debt, which of course they (congress) never did. No, they just couldn't help themselves, so they kept on skimming the cash and spending it on ever expanding social programs with the end of buying more votes.

Regards,
GtG

PS My contributions for FICA go back to 1961 and if invested in the stock market w/ returns tracking the Dow would be worth $1,200,000 or there abouts. The actual total cash withheld is around $50,000. So no, I don't want just what they skimmed, I want the time value of that money spread over 40+ years that they screwed me out of, they can keep the chump change.

PPS Is anyone else getting screwy results from the "spell check" feature? Like it flags every word?

[Jacquerie]

Sorry clown, I'm 60 and haven't paid payrolls taxes in several years. Where you p!ss your money away is no concern of mine.