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I'm 45. Will Social Security still be around when I'm ready to collect?

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  • #16
    save money! Work hard, why really on handouts in old age? It will never be enough anyway.
    eimi men anthropos pollon logon, mikras de sophias

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    • #17
      How odd. It seems to be a race between you and Social Security to see which one will die first.
      Exult in your existence, because that very process has blundered unwittingly on its own negation. Only a small, local negation, to be sure: only one species, and only a minority of that species; but there lies hope. [...] Stand tall, Bipedal Ape. The shark may outswim you, the cheetah outrun you, the swift outfly you, the capuchin outclimb you, the elephant outpower you, the redwood outlast you. But you have the biggest gifts of all: the gift of understanding the ruthlessly cruel process that gave us all existence [and the] gift of revulsion against its implications.
      -Richard Dawkins

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      • #18
        I guess in a way it is our fault, we should of cut health care altogether and let the old ppl die!
        Correct, except that you are mistakenly assigning blame for the old people's potential deaths. Death is a fact of life - it's part of nature, and it's not my fault. If someone can afford to pay to get the medical treatment to live longer, then well and good, but if not, it's not as if his or her rights are being violated.
        Follow me on Twitter: http://twitter.com/DaveDaDouche
        Read my seldom updated blog where I talk to myself: http://davedadouche.blogspot.com/

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        • #19
          It depends no whether or not the Republicans are successful in their scheme to bankrupt the Federal government. If they are, forget it. If not, then you might have something.
          Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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          • #20
            It's unlikely you'll get as much as the current crop of retires at the same age. I saw a public access program last night where senitor Diane Finstein was speaking and she said currently entitlements make up 40% of the US budget and if nothing changes then by 2013 (10 years from now) entitlements will make up 70% of the national budget just through natural population aging. This is not sustainable without massive cuts in spending or equally massive increases in taxes.
            Try http://wordforge.net/index.php for discussion and debate.

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            • #21
              This is not sustainable without massive cuts in spending or equally massive increases in taxes.
              or a little arsnic in the Ensure
              Monkey!!!

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              • #22
                when people hit 40, they should be shoved of a cliff.
                eimi men anthropos pollon logon, mikras de sophias

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                • #23
                  This is not sustainable without massive cuts in spending or equally massive increases in taxes.
                  To quibble, this wouldn't require a massive increase in taxes.

                  Re Social Security, I have a life expectancy that is about 12 years more than that of my father. However, my benefit will begin paying out when I am only about 2 years older. It doesn't take rocket science to figure out that I will be a heavier burden to society, if the retirement age is not changed.
                  I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                  • #24
                    My predicition is that SS will stick around pretty much in its current form whilst the Baby Boomers bleed the rest of us dry with taxation. After they die off, the relatively smaller retiring Generation Xers will see massive cutbacks due to pent-up voter backlash from the more numerous Generations Y and Z.

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                    • #25
                      Originally posted by DanS
                      To quibble, this wouldn't require a massive increase in taxes.
                      Unless you massively cut spending then yes it will. You can theorize all you want about if we just refuse to increase spending we will inflaite or way out of this mess but that's hog wash. Congress has added on massive new entitlements just this year (medicare drug benifets anyone?) and there is no reason to believe that tax and spend monster will change its stripes. Just through "natural" increases due to indexing current programs to inflation will mean a 3% yearly increase. Now tack on war costs, terroism costs, politicans being pandering weeds costs, and other new expenditures and you see why spending will always go up 3%-10% each year for the next ten years.

                      With those kind of spending increases we simply must increase taxes or massively cut existing programs. Continuing to run half trillion dollar deficits is not an option.
                      Try http://wordforge.net/index.php for discussion and debate.

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                      • #26
                        I think what DanS was getting at is that we should raise the retirement age, since many of us can now expect to live at least 20 years past retirement. Rather than being on the dole for five years, we're on for twenty.
                        Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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                        • #27
                          fully privatise pension scemes, let people retire whenever they want.
                          eimi men anthropos pollon logon, mikras de sophias

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                          • #28
                            you're in the US Lancer. WHAT social security?

                            the problem is will we have social security by the time we hit retirement age that the ****** want to raise above 60 but cant.


                            they want to get the private companies in.
                            but with the power of the people we resist

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                            • #29
                              Oerdin: Your numbers are all wrong. If the gov't increases its spending by less than about 5.5% per annum, it's share of the economy will shrink and you will have an ever-increasing surplus eventually (or more likely you will cut taxes).

                              With those kind of spending increases we simply must increase taxes or massively cut existing programs.
                              This just isn't the case. It wouldn't change the basic layout of our system.

                              Just through "natural" increases due to indexing current programs to inflation will mean a 3% yearly increase.
                              More like 2% nowadays.

                              Don't make me get out my spreadsheet and start rounding on your azz.
                              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                              • #30
                                Originally posted by The Andy-Man
                                fully privatise pension scemes, let people retire whenever they want.
                                Don't you mean, let the majority work until they drop dead at their job? That's where privitized SS leads
                                Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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