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"As it is currently constructed/funded" is one HELL of a qualifier. Joel Send a noteboard - 04/03/2013 04:41:30 AM

View original postSocial security began with a 7:1 of workers to retirees and has steadily fallen ever since. As it is currently constructed/funded it is completely unsustainable. Yeah it has lasted 75 years, and can definitely make it another 25, probably close to 50, but not any further without completely restructuring it. My generation has the "honor" of being the first to loose money one it and it is only going to go further downhill, faster, from now on. I get the fact that you don't understand the math, blame your local school system for that deficiency. You can either break out a basic math textbook (paying particular attention to the chapter on compound interest) or believe someone who does understand it.

I never said it does not need restructing, just the opposite, actually, partly for the reasons you state. There is a REASON the retiree:worker ratio has fallen so sharply: Because US life expectancy has RISEN so sharply. I am not saying we must or should raise retirement age all the way to 78, but c'mon, life expectancy went up 13 years and retirement age only went up 2 (and even THAT increase will not be completely phased in until 2027)? Of course that is a mathematical nightmare. HOWEVER, that does NOT mean
View original postSocial Security was a bad plan when it was proposed & implemented. It is a worse plan today, and in the future it will simply be legalized theft.

You made a HUGE logical leap, from "SS can no longer work the way it has since creation 75 years to go" to "SS never could, never did and never will work." It is the difference between saying, "my car needs a new transmission" and "cars cannot move."
View original postIt is so bad that I would gladly sign away any right to the money that has been taken from me thus far, and any call I could have on any of the social safety nets in the future if they would just let me out of it. Give me that 15% to save on my own and Uncle Sam will never need worry about me again. Hell, just give me 7.5, and I'll let them have the other half. In 22 years I could retire and have about the same monthly income that I receive now from just responsibly investing that 7.5% instead of giving it to the government hoping that they will protect me.

Yes, but you would gladly do that whether or not SS were sustainable on the current on any basis, and we both know it. You are not saying, "Unless we change its structure so it is solvent again I want out," but simply, "I want out." So write your Congressman, but do not hold your breath, because most of the country is not willing to give Worldcom and Bear-Stearns their retirement money, even those who have it to give.
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Can You Name the Largest US Program to ANNUALLY Collect More Than It Spent for 75 Straight Years? - 28/02/2013 11:03:18 PM 1315 Views
It's the world's greatest Ponzi scheme, since the government forces us to give money to it. - 01/03/2013 01:05:05 PM 749 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. - 01/03/2013 03:53:02 PM 876 Views
Good lord my friend..... - 02/03/2013 04:19:35 AM 788 Views
I will just link what Isaac said; maybe then you will pay attention to it. - 02/03/2013 04:56:34 AM 828 Views
I really think you terribly misread what I said *NM* - 02/03/2013 06:59:56 AM 433 Views
Yes he did. He has very poor reading comprehension skills. *NM* - 03/03/2013 01:07:59 AM 459 Views
I really do not think I did. - 04/03/2013 01:43:02 AM 866 Views
I'm pretty confident you have - 04/03/2013 11:49:19 AM 853 Views
We evidently disagree on what constitutes a Ponzi scheme. - 11/03/2013 09:56:27 PM 777 Views
No, I agree with a clear definiton, you seem not to want to absorb that - 11/03/2013 10:24:47 PM 924 Views
It is neither an investment nor fraudulent. - 12/03/2013 02:34:09 AM 992 Views
Okay, that's a really weird or naive standard to judge SS by - 01/03/2013 05:25:11 PM 799 Views
Great; will you put that on a postcard to Cannoli, A2K, Rick Perry and the rest of your party? - 01/03/2013 07:39:44 PM 822 Views
Your attacks on republican ideals would have more credit if you understood them - 02/03/2013 04:27:34 AM 808 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect. - 02/03/2013 04:51:32 AM 786 Views
I'm rubber you're glue, whatever you say bounces of me and sticks to you. nyah, nyah, nyah - 02/03/2013 12:58:10 PM 729 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left." - 04/03/2013 01:03:09 AM 847 Views
Please look up the definition of sustainable. Hint: "its worked so far" isn't it. - 04/03/2013 04:25:19 AM 812 Views
"As it is currently constructed/funded" is one HELL of a qualifier. - 04/03/2013 04:41:30 AM 873 Views
You just don't get it, or apparently are so in love with your political ideology you won't. - 04/03/2013 04:58:15 AM 680 Views
I believe if you check civilizations record you will find the human population has steadily risen. - 04/03/2013 05:08:38 AM 787 Views
*sigh* - 04/03/2013 12:15:22 PM 744 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak. - 11/03/2013 09:56:36 PM 1010 Views
Re: Declining birth rates are the key - 13/03/2013 04:47:41 PM 843 Views
Ironic that you would make my point while arguing against - 04/03/2013 06:12:29 PM 695 Views
? - 11/03/2013 09:56:59 PM 862 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return... - 02/03/2013 11:51:50 AM 724 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it? - 04/03/2013 12:53:30 AM 884 Views
*sigh* - 04/03/2013 03:43:08 AM 716 Views
I tried it with compound interest; $44.80/month at 4% for 50 years still does not get to $1.25 mill. - 04/03/2013 04:24:51 AM 797 Views
Here are some clues. - 04/03/2013 04:37:39 AM 662 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not. - 04/03/2013 05:02:39 AM 814 Views
Math is simple - Either you know how to calculate it or you don't - 04/03/2013 11:55:24 AM 896 Views
Indeed. - 11/03/2013 09:53:59 PM 798 Views
Re: Indeed. - 13/03/2013 05:00:10 PM 981 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement - 05/03/2013 03:53:03 AM 676 Views
Did you bother to actually read anything? - 05/03/2013 02:32:16 PM 747 Views
do *YOU* know what "living in poverty" means? - 05/03/2013 05:49:14 PM 810 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there. - 05/03/2013 08:01:33 PM 786 Views
how about respond to a post with logic and civility instead of being a troll for once? - 05/03/2013 11:03:00 PM 871 Views
All I have used is civility and logic, or least as much civility as was warrented. - 06/03/2013 04:28:04 AM 822 Views
yeah, it's my fault for stooping to your level.... - 08/03/2013 07:22:24 PM 860 Views
Re: yeah, it's my fault for stooping to your level.... - 10/03/2013 01:42:26 PM 733 Views
i'm not going to keep going in circles so i will finish with this.... - 11/03/2013 10:08:53 PM 1079 Views
No loss. - 13/03/2013 04:37:41 PM 673 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile? - 05/03/2013 11:53:41 PM 751 Views
spoken like a true enemy of the state! - 06/03/2013 12:54:38 AM 718 Views
Re: spoken like a true enemy of the state! - 08/03/2013 03:04:37 PM 777 Views
I was not trolling, but clarifying. - 11/03/2013 09:53:48 PM 800 Views

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