I hear the word "entitlements" that is being talked about in the federal government and am confused.
I just looked at my W-2's and see that I paid for Social Security and Medicare, so how is that for the entitlements when I an collecting some of the investment that I paid for for my senior years? I guess the politicians who have private deals with insurance and retirement programs want to take it out on the people that pay their way. Beware and make your voice be heard: A deficit made by them is being taken out of your pockets
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A unionized public employee, a member of the Tea Party, and a Corporate CEO are sitting at a table. In the middle of the table is a plate with a dozen cookies on it. The CEO reaches across and takes 11 cookies?looks at the tea partier and says, ?Watch out for that union guy, he wants a piece of your cookie.?
posted by Ted Warren on 06/02/11 at 10:29 AM
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Did you know that if you paid the full amount of Social Security from the time it started until 1978 you would only have contributed $1,800.00. I started working around that time and there were some years thru the 90's and 10's that I paid 3 times that much in just one year. What a difference a decade makes!!!
posted by john olley on 06/02/11 at 4:47 PM
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I don't know any CEOs, I don't (care to) know any T-Ps, but I've got too many union friends that are out of work... There are too many 'haves' and way too many 'have-nots'
posted by Kate Benson on 06/02/11 at 11:06 PM
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Unfortunately, our government has not been a responsible steward of the public's money, nor does it seem to be improving. The current rate of expenditure vs. income is simply not sustainable. Unfortunately, I have to assume that all my deductions for SS, etc. over the years will be lost as by the time I retire, there will be no money left.
posted by Christopher Dauerer on 06/03/11 at 8:52 AM
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I think if anyone did a minimal amount of research on Social Security and see how its morphed over time, it would be very easy to understand that the system is way overextended. That at one time there were 40 people who were working supporting one retired individual and that there are predictions this may soon be 2 0r 3 people supporting one retired person.
We have been promised allot by our goevernment, we just forgot to figure out honestly how we were going to pay it. I know many have meant well but someone said "The road to hell is paved with good intentions" I wonder if thats the road were on
posted by thomas gordon on 06/06/11 at 4:08 PM
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Is Social Security different from any other pyramid scheme, where the first in and first out gain the most? The earlier demographic math of 40:1 made the promise to retirees a no-brainer; so much so that our government thought little of raiding the social security fund's cookie jar on a regular basis to make their annual fiscal ends meet. Had the magic of compound interest been allowed to work over the years on this fund, it wouldn't matter that now the ratio is 2 or 3:1. The fund would still be strong. I guess FDR didn't fully account for the inherent weakness, short-sightedness, and corruption in human nature.
posted by Rick Gioia on 06/06/11 at 9:50 PM
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