Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kaila
kaila said: "However, my generation poured a lot of money into these programs, in which the selfish generation of millenials do not want to contribute."

To the extent that you poured money in that you will never see, I feel sorry for you. Just as I would for any victim of a Ponzi scheme.

The problem is that you only paid in enough to support the smaller population of retirees at the time and not enough to support the retiring of the Baby Boomers.

The ratio of supporters to retirees has changed from something like 15 to 1 down to 3 or 2 to 1.

The program has always been a transfer of wealth from youngsters to oldsters. With changing demographics and intentional`underfunding, there just isn't going to be enough money. I have read estimates of the unfunded liability of the U.S. at 175 TRILLION dollars. That simply cannot and will not be paid.

I have lived my whole life assuming that I would be responsible for my own well-being. Most of the people my age did not. They spent every dime they made and then some.

Congress has the power to make legislative changes to the Social Security law. Congress has no power to legislate the laws of economics.

116 posted on 08/15/2016 12:31:54 PM PDT by William Tell
[ Post Reply | Private Reply | To 90 | View Replies ]


To: William Tell
I predict that if ss is taken away, there will be a lot of people leaving this country to move to cheaper countries, and just stop paying their fed income tax. That is my plan.
When I become too old and disabled, and requiring medical care, I will return to the good ol USA,they can give me free medical care, 3 hots and a cot in a low security prison for fed tax evasion. By that time, i wont care.
122 posted on 08/15/2016 12:38:32 PM PDT by kaila
[ Post Reply | Private Reply | To 116 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson