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To: m1911
You aren't paying for my retirement. I paid into a "government" plan for my retirement. Where the money comes from, I don't know or care. My money went in for me, it should come out for me.

It the system is broken, don't blame me or refuse me the benefits I paid for.
38 posted on 02/23/2004 8:36:30 AM PST by BushisTheMan
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To: BushisTheMan
You may want to read what the Social Security Administration themselves have to say about it:

Q: Does Social Security have dedicated assets invested for my retirement?

A: Social Security is largely a "pay-as-you-go" system with today's taxpayers paying for the benefits of today's retirees. Money not needed to pay today's benefits is invested in special-issue Treasury bonds.

Q: I hear that Social Security has a big financial problem? Why?

Social Security's financing problems are long term and will not affect today's retirees and near-retirees, but they are very large and serious. People are living longer, the first baby boomers are five years from retirement, and the birth rate is low. The result is that the worker-to-beneficiary ratio has fallen from 16-to-1 in 1950 to 3.3-to-1 today. Within 40 years it will be 2-to-1. At this ratio there will not be enough workers to pay scheduled benefits at current tax rates.


Since you don't care where the money comes from, I doubt the fact that Social Security had to be given a special exemption from the racketeering laws because it is a Ponzi scheme, which would be illegal for anyone but the government, bothers you. With your cavalier attitude toward the source of money, are you sure you're not a Democratic fund-raiser?
39 posted on 02/23/2004 6:52:56 PM PST by m1911
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