It's alway been a socialist ponzi scheme. We should just quit calling it something that it is not. I'm 45 and don't expect to ever get anythingwork from it, because the math just simply doesn't work. Demographics kill the entire system because our working population has not kept up with either the expansion of the program or the benefits being promised.
Yeah, sure, I'd like to be able to get some of my money back out, but like everything else that is stolen from me by the government, I figure it's just money pissed into a well.
Back when Clinton took office, one of the first things they did was eliminate documentation that used to be produced for budgeting purposes, that showed the expected future tax liabilities of succeeding generations by the budget as passed. You see, they were projecting 80%+ tax rates, so they just did away with that bit of projecting because it was just too obvious that we're doomed to slavery if we continue as we are.
I always find it funny to see the "conservatives" on this forum who freak out when any serious suggestion of getting rid of SS is raised, or even just reducing it to sustainable levels which requires at the minimum for retirement age to be raised to about 80-90 years. They refuse to accept the reality that if we keep going as we've been going for some time, we're all doomed. The boomers seem to want their cut and to hell with the rest of us, who are going to be slaving for them.
“They refuse to accept the reality that if we keep going as we’ve been going for some time, we’re all doomed. “
Actually, a few years back, queen pelosi said that if nothing was done, half of ss would still be funded, so that is what you can look forward to.
Speaking strictly for myself, I think the retirement age should be increased. If that had been done from the start, with minute increases of the retirement age that corresponded with the increase in lifespan, then the thing would be on a sound actuarial basis today.
But to deny SS benefits to those who’ve saved and planned otherwise is not an acceptable solution.
What do you mean their cut?
LOL!
It's their freaking money that was taken by corrupt bloated government!
While at the same time government bureaucrats are retiring at 50-55 years old on tax paid, lottery style government retirmeent pensions.
You're going after the people government is screwing over?
LOL!