Social Security The ultimate scam.

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posted on Mar, 28 2006 @ 07:02 PM
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The way social security is supposed to work, is that we pay for our parents social security and they paid for their parents social security. Now it seems to me that our generation is more populated than the generation before us. So we should be putting in more money than what is being taken out. Over the years, we should have built up excess, with interest. Not to mention people who died and never used what they had put in. Where is this money. The government say social security will go broke. How is this possible? This is our money, not the governments to squander.




posted on Mar, 28 2006 @ 08:31 PM
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The trust fund is growing. The rate of growth is slowing, however, as the ratio between workers and retirees gets smaller. Eventually, the rate of growth will slow to zero (outlays = contributions). The estimates of when this will occur ranges from 2017 to 2050, depending on which analyst you talk to and which assumptions about the future he makes. At that point the trust fund starts shrinking as outlays exceed contributions. Somewhere around 2060 to 2080 the trust fund will be all spent and all benefits will be paid from coincident contributions, which will not be sufficient to pay everyone the amounts due under the current formula. There are many options to fix the inequity, but none can find majority support.

The trust fund is there. It is not a huge pile of money sitting in a bank vault somewhere. It is invested in the safest investment in the world -- U.S. Treasury Bonds. When you hear someone saying it is 'all IOU's' they are playing fast and loose with the facts. The 'IOU's' they are criticizing are Treasury Bonds.



posted on Mar, 28 2006 @ 08:36 PM
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How could the ratio between workers and retirees be getting smaller, when we are in a world over-population crises that keeps growing exponentially. I appreciate your thoughtful input by the way



posted on Mar, 28 2006 @ 09:39 PM
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I'm sorry, but if US Treasury bonds are such a safe investment, then why is our social security nest egg in the tank? Don't let them fool you. They are outright stealing from us. There should be so much money in that account, that our kids should be able to retire in their thirties. Instead, their telling us that we're going broke. Give me a break. My wife pays in well over $600 a month, and I'm sure our amount is small compared to some. I own my own business, so I know a few things about books, and I think our gov is cooking them, so they can continue their black projects, like Mount Weather, another B.S. national security issue. And they keep us sick, so they can make money off of drug companies. Wonder if there are any congressman getting rich off of the bird flu. And keeping the cure to cancer from us. And now this terror threat. Think any congressman own defense stock? Give me a break. We up to our neck in Government oppression.





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