Posted: 2/28/2015 5:44:22 PM EDT
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But then Bush quickly added a mention of the need to continue to have immigrants come to the country. “This nation needs to start growing at a far faster rate than we’re growing today,” he said, in a reference to the demographic shifts that threaten America’s entitlement programs, as the number of payees into Social Security and Medicare become outnumbered by the growing number of baby boomers who are retiring.
http://news.yahoo.com/jeb-bush-s-biggest-cpac-win--no-gifts-for-democrats-211926459.html Yes, we need to double down on the Ponzi scheme and fund state and municipal give-aways too. Needs more suckers....and reeks of desperation. |
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From a population standpoint he's right, the millenials are just as big as the boomers, but the gen x'ers are much smaller, gen x got hit hard by the lay offs and would have been at their high earning years to contribute to social security but aren't because of unemployment and under employment, couple that with millenials having low wages and income not being their top priority in life and you can see how this is an issue for Soc Security.
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Quoted: From a population standpoint he's right, the millenials are just as big as the boomers, but the gen x'ers are much smaller, gen x got hit hard by the lay offs and would have been at their high earning years to contribute to social security but aren't because of unemployment and under employment, couple that with millenials having low wages and income not being their top priority in life and you can see how this is an issue for Soc Security. |
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Quoted:
How about quitting those ponzi schemes like SSI or MediCare? Neer going to happen until we hit the wall ETA: that's not a sign of support, just my opinion on the reality of our government. Gutting entitlements is of course what should be done, but it won't ever happen until the whole thing comes crashing down. It's more likely we're just going to incrementally slide into a socialist state, as we've been doing for decades. |
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Quoted:
But then Bush quickly added a mention of the need to continue to have immigrants come to the country. “This nation needs to start growing at a far faster rate than we’re growing today,” he said, in a reference to the demographic shifts that threaten America’s entitlement programs, as the number of payees into Social Security and Medicare become outnumbered by the growing number of baby boomers who are retiring. http://news.yahoo.com/jeb-bush-s-biggest-cpac-win--no-gifts-for-democrats-211926459.html Yes, we need to double down on the Ponzi scheme and fund state and municipal give-aways too. Needs more suckers....and reeks of desperation. lol. just start trimming back the programs, Dude. We'll be better off in the long run. |
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Quoted: In before...Yeah end that entitlement shit! Just give me my SS money back..... Quoted: Quoted: How about quitting those ponzi schemes like SSI or MediCare? In before...Yeah end that entitlement shit! Just give me my SS money back..... If they hadn't stolen the money, and wasted it, that should be no problem. |
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With the appropriate interest. If they hadn't stolen the money, and wasted it, that should be no problem. Quoted:
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How about quitting those ponzi schemes like SSI or MediCare? In before...Yeah end that entitlement shit! Just give me my SS money back..... If they hadn't stolen the money, and wasted it, that should be no problem. If individuals didn't count on SS as their sole source of retirement, it would be no problem. |
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Quoted: If individuals didn't count on SS as their sole source of retirement, it would be no problem. Quoted: Quoted: Quoted: Quoted: How about quitting those ponzi schemes like SSI or MediCare? In before...Yeah end that entitlement shit! Just give me my SS money back..... If they hadn't stolen the money, and wasted it, that should be no problem. If individuals didn't count on SS as their sole source of retirement, it would be no problem. People only count on it, because the politicians sell it to them that way. |
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From a population standpoint he's right, the millenials are just as big as the boomers, but the gen x'ers are much smaller, gen x got hit hard by the lay offs and would have been at their high earning years to contribute to social security but aren't because of unemployment and under employment, couple that with millenials having low wages and income not being their top priority in life and you can see how this is an issue for Soc Security. GenX flocked to the polls to vote for obongo. Fuck 'em. |
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From a population standpoint he's right, the millenials are just as big as the boomers, but the gen x'ers are much smaller, gen x got hit hard by the lay offs and would have been at their high earning years to contribute to social security but aren't because of unemployment and under employment, couple that with millenials having low wages and income not being their top priority in life and you can see how this is an issue for Soc Security. The government can always print more money. Posted Via AR15.Com Mobile |
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And how kicking the can down the road will become even worse if the problem is not addressed soon. Quoted:
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From a population standpoint he's right, the millenials are just as big as the boomers, but the gen x'ers are much smaller, gen x got hit hard by the lay offs and would have been at their high earning years to contribute to social security but aren't because of unemployment and under employment, couple that with millenials having low wages and income not being their top priority in life and you can see how this is an issue for Soc Security. Exactly, the idiots in charge don't realize compound interest works backwards also |
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Retired worker benefits (74%): The bulk of Social Security payments goes toward taking care of retired workers. The SSA's 2013 figures show that $0.74 of every Social Security tax dollar spent will go toward retiree benefit disbursements. In order to qualify for retiree benefits you simply have to earn 40 "credits." One credit is currently equal to $1,200 in earnings, and you can earn four credits per year. Therefore, if you've earned at least $4,800 per year for at least 10 years, then you qualify. The SSA will then average your highest-earning 35 years to calculate your benefit payment.
Survivor benefits (10%): An additional $0.10 of every tax dollar is divvied out monthly to survivors of deceased workers . These benefits help supplement income for spouses and children of deceased workers, which is critical, as the SSA predicts that one in eight adults in their 20s today will die before reaching their full retirement age. Disability benefits (16%): The remaining benefit payout goes to those who are disabled and are unable to do the same type of work they had been doing or entering a new field of work. Because disabilities can occur before reaching normal working credit eligibility the SSA has developed a "duration of work" test to allow eligible Americans younger than age 62 to qualify. Administrative expenses (less than 1%): Lastly, the Social Security Trust Funds need to pay SSA employees as well as cover the cost of the infrastructure that allows Social Security to operate. Based on SSA literature it's among the most cost-efficient government programs, costing less than one penny for each Social Security tax dollar collected. |
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Why the hell do we need to keep growing? So we can pave over every last wild space with strip malls, tatoo parlors, and Taco bells? Why do we have to become a cesspool of a billion people the next century? Because back in the 80's it became fashionable to treat government as a business. Instead of trimming fat and managing budgets, you expand your customer base and offering more services. By now, big government IS big business! |
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