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The Ticking Fiscal Time Bomb of Social Security
Finance Townhall.com ^ | May 12, 2015 | Daniel J. Mitchell

Posted on 05/12/2015 9:06:03 AM PDT by Kaslin

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1 posted on 05/12/2015 9:06:03 AM PDT by Kaslin
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To: Kaslin

The only reform the American people will accept is lifting the cap.


2 posted on 05/12/2015 9:11:23 AM PDT by Wolfie
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To: Kaslin

Since the ‘EXEMPT ONES’ in D.C. have their own plan, they won’t suffer one iota. Only the sheeple will hurt and lose out when SS goes belly up.

The day will come when the sheeple have to rise up and make the exempt ones, feel the pain. Force every cut to SS have a corresponding cut to their own exempt pensions.

Mark my words.


3 posted on 05/12/2015 9:11:46 AM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: Kaslin
Can I get in first with

I PAID IN!!

OPEN UP THE LOCK BOX AND GIMME MY MONEY!!

THE GOVERNMENT PROMISED ME!!

TAX MY KIDS!!

IT'S NOT FAIIRRRRRRRRRR!!!

4 posted on 05/12/2015 9:17:53 AM PDT by Eric Pode of Croydon (I wish someone would tell me what "diddy wah diddy" means.....)
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To: Kaslin

Grab it at 62, folks...better something than nothing.


5 posted on 05/12/2015 9:18:40 AM PDT by who knows what evil? (Yehovah saved more animals than people on the ark...www.siameserescue.com)
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To: George from New England

There are only two solutions. Raise the SS tax or cut benefits.


6 posted on 05/12/2015 9:19:22 AM PDT by Blood of Tyrants (A free society canÂ’t let the parameters of its speech be set by murderous extremists.)
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To: Blood of Tyrants
There are only two solutions. Raise the SS tax or cut benefits.

There is a third. Raise the retirement age.

7 posted on 05/12/2015 9:22:19 AM PDT by TheCipher (Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself. Mark Twain)
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To: TheCipher

Great guys that nail shingles on roofs can work until 70.


8 posted on 05/12/2015 9:24:45 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
Great guys that nail shingles on roofs can work until 70.

While government deadheads continue to retire at 50.

9 posted on 05/12/2015 9:26:28 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: TheCipher
And a fourth:


10 posted on 05/12/2015 9:26:46 AM PDT by Eric Pode of Croydon (I wish someone would tell me what "diddy wah diddy" means.....)
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To: TheCipher

I would consider that a cut in benefits.


11 posted on 05/12/2015 9:27:21 AM PDT by Blood of Tyrants (A free society canÂ’t let the parameters of its speech be set by murderous extremists.)
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To: TheCipher
There are only two solutions. Raise the SS tax or cut benefits. There is a third. Raise the retirement age.

There's a fourth, privatize the system moving forward. The increases in returns for younger people will allow for less contributions with the excess going to fund the remaining people in the sytem for the next few decades.

12 posted on 05/12/2015 9:27:47 AM PDT by 1Old Pro
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To: central_va

If the government had their way, they’d raise it to 85. That way they wouldn’t have to pay out much ( of course that wouldn’t affect Congressional pensions )


13 posted on 05/12/2015 9:28:18 AM PDT by TheCipher (Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself. Mark Twain)
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To: 1Old Pro
privatize the system moving forward

Not without at least one generation taking a hit, or alternatively injecting income tax dollars into the SS system to cushion the blow.

14 posted on 05/12/2015 9:29:21 AM PDT by Eric Pode of Croydon (I wish someone would tell me what "diddy wah diddy" means.....)
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To: Wolfie
Let's bring in a few million more illegals... and their aging parents. Put their names on the lists...

Then sign up all the black gang bangers in Baltimore who aren't counted as ‘disabled’ yet...

That should help destroy the system—

Oh wait - for added cruelty let's blame the people who contributed to the system for years... the ‘marks’ - - and tell ‘em they have to work until they drop to keep the system solvent...

15 posted on 05/12/2015 9:33:41 AM PDT by GOPJ (More blacks are aborted every week than have been lynched in the entire history of the country-Rush)
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To: Kaslin

Personally I expect nothing less than the whole program to be cancelled and a ‘new’ one created.

One that screws over a whole bunch of people by raising the age of initial benefit payouts to 80 years of age.

As far as SSDI it needs to go away as an adjunct program of Social Security. If it’s truly needed then it needs it’s own funding path.


16 posted on 05/12/2015 9:41:43 AM PDT by The Working Man
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To: Kaslin
at least they would have a nest egg to pass on to their kids.

Kids? More like govt slaves! When you own another human for profit, even your own offspring, you are a slave owner.

I'm not sure which one is worse LBJ or what's his name.

17 posted on 05/12/2015 9:43:24 AM PDT by rawcatslyentist (Genesis 1:29 And God said, Behold, I have given you every herb bearing seed,)
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To: Kaslin

With all of the illegals that will be soon collecting.That system is going to draw down quick.Just like S.S.I.

With that program drug addicts and alcoholics drinking there lives away.They’re all qualified to collect S.S.I.


18 posted on 05/12/2015 10:05:49 AM PDT by puppypusher ( The World is going to the dogs.)
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To: Kaslin

I am sitting in a Social Security Office at this very moment. My wife and I are here to get our government goodies as I turn 65 in July. I have a visceral negative reaction when I enter any goverment facility. This place creeps me out. Sullen faces all herded together on hard little chairs waiting for their opportunity to plead their case for a chunk of government cheese. Security guard trying to keep himself busy looking important.


19 posted on 05/12/2015 10:16:30 AM PDT by Awgie (truth is always stranger than fiction)
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To: Awgie

Tell them you just snuck in from Mexico. They will expedite your paperwork.


20 posted on 05/12/2015 10:26:11 AM PDT by VRWCarea51 (The original 1998 version)
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