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Old article, but as I've seen lots of OMG the Boomers start to retire this year...

It seems much history is lost on and in regards to the SS system.

Reference material

1 posted on 01/01/2011 8:02:38 AM PST by EBH
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To: EBH

Oh boy. Another Grand Bargain.


2 posted on 01/01/2011 8:05:00 AM PST by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: EBH

You know, I used to think Alan Greenspan was working to HELP America’s economy, but the more and more I learn, it seems I was terribly mistaken.

Ben isn’t any better, it seems—God help us.


3 posted on 01/01/2011 8:05:29 AM PST by pillut48 (Israel doesn't have a friend in President Obama...and neither does the USA! (h/t pgkdan))
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To: EBH

I don’t ever use partisan, buzz-word laden articles as “reference material”


5 posted on 01/01/2011 8:14:35 AM PST by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: EBH

That trillions that is supposed to be in SS is only there on the books-—the money has already been spent on thousands of feel good projects by the Dems-—loke changing the school lunches for Moooochhelle—AKA Sasquatch.


6 posted on 01/01/2011 8:15:08 AM PST by ridesthemiles
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To: EBH

The greatest fraud ever FORCED on “free” people and built on the backs of DEAD AMERICANS is solved by an even GREATER FRAUD FORCED on “free” people that will be built on the backs of DEAD AMERICANS...Obamacare...aka abortion of the elderly.

Wake up patriots, it’s 2011.

Life, liberty and the pursuit and destruction of totalitarians.


7 posted on 01/01/2011 8:16:18 AM PST by PGalt
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To: EBH

There is no surplus and anyone who claims this needs to be slapped.


10 posted on 01/01/2011 8:20:19 AM PST by misterrob (Thug Life....now showing at a White House near you....)
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To: EBH
Wiiliam Greider ? The Nation ? Why would you bother?
11 posted on 01/01/2011 8:21:58 AM PST by gusopol3
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To: EBH

How do you loot something that’s bankrupt?


12 posted on 01/01/2011 8:22:00 AM PST by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: EBH

The Grand Bargain shows the depth of the Dum/Leftie tax and spend mentality.

Reagan was from a generation that believed a deal was a deal. And lying was a sin not practiced by honorable men/women.

One needs to remember the EPA EDU etc were in their infancy.
When the money started pouring in, was it designated funds...NOOOOOOOOOO. The money was squandered by unrepentent Dums and RINOs hell-bent on funding every hair-brain scheme some busybody elitist could come up with, especially if it was trying to control the lives of the great UNWASHED masses. Perfect example, the push to have detailed labeling of food was “to help people maintain their weight”, guess what obesity is UP 47%. Epic failure but NOW, labeling MEAT, will solve the problem. At what point do we say, to hell with the gov nanny. Your fired.

BB’ers are not a quiet bunch by nature, our taxes were raised to fund our retirement.
It seems the Government is no better than a MOB run UNION that steals the Union dues. It seems the FBI had task forces to bring THOSE criminals to justice. Where do WE go for JUSTICE?


13 posted on 01/01/2011 8:29:53 AM PST by Marty62 (Marty 60)
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To: EBH

What the Gov’t said in 1964!

http://www.ssa.gov/history/ssa/usa1964-2.html

Self-Supporting

“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”

Where your money REALLY goes! Read and weep!

http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4


14 posted on 01/01/2011 8:32:00 AM PST by Ruy Dias de Bivar (I visited GEN TOMMY FRANKS Military Museum in HOBART, OKLAHOMA! Well worth it!)
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To: EBH

Now, if they can just find that damn “Lock-box” Algore was going to hide all the SS dough in (or the key to it) ...


16 posted on 01/01/2011 8:46:03 AM PST by Don Carlos (Don't tell mom I'm running for congress. She thinks I still play piano in a whorehouse.)
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To: EBH
You can't let any of that money go to the people who actually paid it in.

It must all go to black people. To do otherwise would be racist.

19 posted on 01/01/2011 9:02:16 AM PST by E. Pluribus Unum (DEFCON I ALERT: The federal cancer has metastasized. All personnel report to their battle stations.)
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To: EBH

“Old article, but as I’ve seen lots of OMG the Boomers start to retire this year... “

The media (on orders from whom?) are trying to divide us further. They are demonizing people who have worked and paid into SS but when it comes time to reap the rewards of their labor they are suddenly scumbag freeloaders. Many immature people here on FR are getting on the band wagon.


20 posted on 01/01/2011 9:05:23 AM PST by dljordan ("His father's sword he hath girded on, And his wild harp slung behind him")
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To: EBH

Actually Social Security, while having definite future financial problems, is in great shape compared to Medicare.

The shortfall for Medicare is roughly 3 times that of SS and the $hit will hit the fan far sooner.

I know I’ll get screwed on both, because they’re guaranteed to go to “means testing” and I have a decent pension and a very robust 401k account.


37 posted on 01/01/2011 10:49:56 AM PST by nascarnation
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To: EBH
I rarely read material from left wing outlets.

It's humorous to see how they point to municipal and union operated pension programs as role models for their "visionary" federal takeover of pensions and savings.

What a joke!

38 posted on 01/01/2011 10:55:58 AM PST by nascarnation
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To: EBH

Go back to Reagan’s 1960 speech at the Convention. He laid out the problem then and it is exactly the same now.


43 posted on 01/01/2011 11:26:36 AM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: EBH
The Gipper's great legislative victory in 1981--enacting massive tax cuts for corporations and upper-income ranks--launched the era of swollen federal budget deficits.

Not worth reading beyond this crap.

58 posted on 01/01/2011 1:15:30 PM PST by facedown (Armed in the Heartland)
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To: EBH

They shouldn’t loot the Social Security program, they should just shut it down over a short period of time, maybe something like three years. During that short phase out period, Social Security recipients who are able to demonstrate desperate need should continue to receive some portion of benefits. In order to prevent fraud and abuse, case workers should be assigned to needy recipients to verify need. In three years, the nightmare will be over.


76 posted on 01/01/2011 9:53:04 PM PST by Walts Ice Pick
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