ATTN BABY BOOMERS: - - - Social Security, Medicare Trust Funds Sink | |
Anonymous Coward User ID: 87935 United States 05/01/2006 04:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19388 Germany 05/01/2006 04:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 9829 United States 05/01/2006 05:17 PM Report Abusive Post Report Copyright Violation | What the SSA folks (Whoever they are)did was invest the money gained by withholding SS tax. No doubt they are up to their eyeballs in derivitives and can't pay. I doubt they will be solvent within the scheduled time, which means not long from now as the economy collapses. They have used those funds for everything from welfare to balancing the budget, thus robbing billions and billions of dollars from the next generation, and possibly this one, of any retirement we might have had. You can kiss the generations of collected tax goodbye. Yep! They borrowed from Peter (that's us) to pay Paul...gov't debt and welfare for ALL...illegal foreigners included. The perps should all go to jail for the rest of their lives and have their property confiscated. . |
Anonymous Coward User ID: 85929 United States 05/01/2006 05:43 PM Report Abusive Post Report Copyright Violation | |
Matrix User ID: 84577 Australia 05/02/2006 06:58 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 742 United States 05/02/2006 07:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19429 Canada 05/02/2006 07:04 AM Report Abusive Post Report Copyright Violation | I read an interesting book, think it was called 'Grey Dawn', this young guy is working on a cruise ship and receives his first paycheck. Seemed the deductions for taxes were extraordinarily high so he took it to a passenger who was an accountant. The accountant said "no it's right, and I want you to get back to work because you are paying for my cruise" The point being, today there are 5 workers for every 1 retiree, when the baby boomers retire there will be 2 workers for 1 retiree. How the hell will gen-xers (which I am) support the country and 140 million retirees? |
Anonymous Coward User ID: 19429 Canada 05/02/2006 07:15 AM Report Abusive Post Report Copyright Violation | My math sucks this AM, should be ~90 million retirees...sorry >The budget says that the national debt is $8,200bn; the report indicates that the present value of our obligations is more like $49,000bn. That unimaginable sum is how much money we must set aside today to pay the full Social Security and Medicare benefits that Congress has already promised. The budget says Americans' personal share of the national debt is $28,000; the report says it is $156,000. That means that a family of five owes roughly $750,000. As David Walker, US comptroller-general, says, you owe your government the equivalent of a luxury home, only you do not get to live in it. You only get the mortgage.< [link to groups.yahoo.com] |
Anonymous Coward User ID: 71120 United States 05/02/2006 07:18 AM Report Abusive Post Report Copyright Violation | |