Posted on 05/12/2010 12:42:03 PM PDT by Kaslin
Umm, excuse me but....I've worked and then been a stay at home mom to raise our five kids on one income. I may not have contributed $$$ into the system during that time but lots of blood,sweat and tears to raise them to be responsible adults. Marriage is a shared responsibility and if it is decided that one earner will stay at home to raise the kids then she or he is not "getting something for nothing." Sheesh.
LOL!
We file taxes jointly, so even though I earn no income as a SAHM the taxes are paid in my name too. My husband earns the income he does, enabling the government to collect $$$ in taxes, because I subsidise him through free childcare and housekeeping. The SS taxes he pays removes money from my own budget as certainly as if the W2 was issued straight to me. You can bet your sweet bippy I won’t consider it something for nothing when I start collecting Social Security, if the damn thing even exists.
it works out to poverty level no matter how you analyze it
I raised my own children, always considered daycare to be kiddie kennels, no thanks!
What rock did you crawl out from under?
I’m wondering - since there is not likely to be any money available (without raising other taxes or fees) - why this really matters.
How many of you really think it will be there and have made no alternate plans?
Just curious.
You say she wasn’t contributing into the system. Have you taken into consideration what she may have given up financially and with regards to her education? Especially, if she has spent the last 18 years or more raising multiple children at home rather than farming them off to daycare centers and afterschool programs?
I did. Would you care to expand on how you define a non-working wife? This could be interesting.
If they were married for then years, then yes.
What you wrote applies to all married couplles filing jointly and PAY into the system. So there is no difference there - other than TWO are paying and not ONE.
Plenty of woman work when their kids become school age - lots of drama - shifting shedules, etc. but it’s done.
Don’t imply those working outside the home don’t do more work in LESS TIME than those who don’t work outside the home! Been on both sides of the fence, I can’t be conned, I know the deal.
Oh I know that.
I think that the basis was that when the system was started, one working spouse was the norm. So, the husband would go off to work at the radio tube factory, and the wife would stay home and raise the kids.
Of course, after thirty years at the radio tube factory, the husband gets lung cancer from all of the asbestos and dies. The system figured that the wife should get “something” for all of the money the hubby put into the system.
The long and short of it is that today’s generation has been lead to believe that social security will be enough to get them through retirement. What the great unwashed masses don’t really “get” is that while they were spending their own retirement funds, thinking SS would get them through—the government was spending the SS income because they couldnt keep their hands off the money.
So, in the end...the average dope that did not understand how the system works will be broke. The government will be broke.
And the radio tube factory will be long gone. So no one will be able to work longer to pay for retirement.
...
Any kind of planning on any government-related financial issue is just uninformed speculation at this point.
You might as well plan to open a gold mine on Mars, or not.
The country may or may not be solvent and functional a year from now.
Ask the author of the article.
You think like clinton - depending on the ‘definition’. Definitions are tricky - so hard to understand!/s
I agree except the system is already broke. We are on monopoly money now and Park Place is in foreclosure.
Daycare? How long does it take for children to grow up?
Can you imagine the utter shock when someone comes out and explains that the SS system is actually broke.
It will be like Casablanca....”there is gambling here?”
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