Thanks Obama and the US Govt

[tlp888]

Oh then you will love this!

https://www.popvox.com/bills/us/113/hjres15

H.J.Res. 15: Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.

[yourmanwm75]

I'm against SS anyways i perfer to make my own retirment and investments not something the goverment says i have to pay that i will never get back! And i know alot of people my age fill the same way. Its a bad investment that i'm force to pay. But i dont whine cause it's nothing i can do about it. Makes me feel a little better when i see a little old sweet lady that says she depends on it to live. But when i'm in my pissy mood i dont feel sorry for them eithir they had there whole live to save for retirment and didn't. But there is no sense in getting in all this. I still say it aint gonna make that much difference in a persons lifestyle with proper budgeting. I have 3 kids by the way for the that remark about having children.

[the doctor]

Ss has never defaulted on a payment to date. I understand the math and the argument about its future but if history is indicative of future performance (and thats how most investments are marketed) it will be there for you.

All of you that "know better" on your retirement investments should talk to some of the folks I watch on American greed.

My personal strategy is to not depend on ss for my retirement needs but I expect it will be there for me (mid 30's) when the time comes. Its my money.

Plus its the only investment company I know of that owns a mint.

The doc

[tlp888]

Plus its the only investment company I know of that owns a mint.

The doc

The government printing money to pay debt has never backfired!

[Plainsman04]

Oh then you will love this!

https://www.popvox.com/bills/us/113/hjres15

H.J.Res. 15: Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.

I'm actually surprised it took this long for this to happen. I called this when he first got elected. It's tough to pass an amendment but the conspiracy theorist in me thinks there will be a legitimate effort to make this real.

[peewee]

Ss has never defaulted on a payment to date. I understand the math and the argument about its future but if history is indicative of future performance (and thats how most investments are marketed) it will be there for you.

All of you that "know better" on your retirement investments should talk to some of the folks I watch on American greed.

My personal strategy is to not depend on ss for my retirement needs but I expect it will be there for me (mid 30's) when the time comes. Its my money.

Plus its the only investment company I know of that owns a mint.

The doc

History has never had more retirees than workers either. SS will not be there for us (mid-30's and under). First we have the baby boomers that are cashing in or beginning to. Second, we are moving towards an entitilement nation. With 46 % of the population not paying federal income tax that leaves the other half of us to pick up the bill. I believe that number is about to grow also. Remember our real unemployement rate is probablly over 12 percent. They aren't calcuating the working able who have decided not to try to find a job. With the entitlement spending the government has increased things just cannot continue as they have in the past.

[Northbigmuddy]

I just hope this chit show will keep rolling along resembling something I can handle until I'm outta here. If I feel sorry for myself related to this government I truly feel sorry for my children. I don't see any significant movement towards solutions for the real problems of the debt, entitlement reform, and govt over reach. I feel we have past the tipping point. Going forward the options are real reforms and chaos or a continuation of the path we are on resulting in chaos.

[davidees]

To Arms!!!

[4dawgma]

Two Legs!!

[JDgator]

As much as I hate to say it, we can't just cut social security. Like it or not, we have an ethical obligation to take care of seniors who depend on it. It may be abused and should never have been started, but now its a lifeline that keeps our collective grandparents alive. I am not ever going to let the greatest generation suffer because their children were foolhardy. It can stay solvent if we allow most of the Bush & payroll tax cuts expire (which was accomplished), the economy expands (which is happening), benefit increases are frozen or the growth rate is slowed (benefits are raised 1.7% in 2013 after a two year freeze) and we implement means testing and raise the age of eligibility to 67 or higher (which is uncertain). Some long-term changes to build stability include no more raiding of the social security trust fund, even when there is a surplus. And perhaps a ceiling which limits entitlement spending to x% of GDP.

Medicare is the real question. It is a complicated animal and I dont have my mind wrapped around any answers. To get through this, we just have to cool off and focus on rational plan.

This is the opinion of a 32 year who pays more than his share in taxes.

[Ster]

Honestly, I think they should have let all the tax cuts expire and taken them back up to what they were before the Bush years. We have a bad problem in the country. There are to many Americans that think that they can get all these goodies from the Government and the 2% Rich people will be able to pick up the bill for it all. Well, the Math doesn't add up for that kind of reasoning.

All of the taxes needed to go up so that the good people of America can all feel what European socialism is all about. If we want all the entitlements and Western European socialism then we need to all understand that it also requires Western European Taxation. All this junk about, we are going to all live off of 2% of the Country isn't going to work. And unfortunately without the deep spending cuts that the fiscal cliff provided this budget has no hope of working.

As a matter of fact the tax increase on those making over $400,000 as this bill requires isn't even enough to pay for the unemployment handout that continues for another year.

The Math doesn't work out folks. The government can't continue to spend money like they are with out full blown government confiscation of income.

[Ster]

Ss has never defaulted on a payment to date. I understand the math and the argument about its future but if history is indicative of future performance (and thats how most investments are marketed) it will be there for you.

All of you that "know better" on your retirement investments should talk to some of the folks I watch on American greed.

My personal strategy is to not depend on ss for my retirement needs but I expect it will be there for me (mid 30's) when the time comes. Its my money.

Plus its the only investment company I know of that owns a mint.

The doc

I will have to disagree with you here. Depending on your income level, I serisouly Doubt Social security will be there for you if it continues the way that it is currently structured.

I predict the following will take place.

1) In order to fulfill 100% of it's obligations SS will have to dramatically increase it's revenue. Further rate increases on FICA coupled with an elimination on the taxable ceiling.

2) I would expect Social Security program to start means testing by the time folks in their 30's start drawing on social security. By the year 2024 there will only be enough funds in the Social Security trust to fund about 75% of it's obligation. I would expect the bottom 25% of income earners to collect 100% of their SS benefits and the top 25% to be means tested out of drawing Social Security benefits.

[SNOT]

Ss has never defaulted on a payment to date. I understand the math and the argument about its future but if history is indicative of future performance (and thats how most investments are marketed) it will be there for you.

All of you that "know better" on your retirement investments should talk to some of the folks I watch on American greed.

My personal strategy is to not depend on ss for my retirement needs but I expect it will be there for me (mid 30's) when the time comes. Its my money.

Plus its the only investment company I know of that owns a mint.

The doc

The only similarity between American Greed and Social Security is the phrase Ponzi Scheme.

J/K....kind of.

[mudsucker]

I think it was stupid to cut SS tax when they did. Think about it. SS is underfunded for the obligations we have. I know, let's cut the tax by 2%! Idiots. I tell ya! Should have cut Income tax instead!