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Social Security is now running at a deficit

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Social Security is now running at a deficit

Unread postby jfiling » Thu Mar 25, 2010 4:40 pm

It was only a matter of time.

http://www.nytimes.com/2010/03/25/busin ... al.html?hp

Bush tried, with a flawed proposal, to fix SS, which he should get credit for. I can't remember the last time the Democrats have done anything to make SS viable in the long term. Changes have to be made or else the program, along with Medicare, will inevitably bankrupt this nation.
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Re: Social Security is now running at a deficit

Unread postby Cerebral_DownTime » Thu Mar 25, 2010 4:57 pm

I'm never going to get back the money i've paid into it. I don't want to pay into it anymore. I'd rather just keep my money and put it in my nest egg. SS has run it's course.
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Re: Social Security is now running at a deficit

Unread postby Ziner » Thu Mar 25, 2010 5:01 pm

Just think if everyone got that 6.2% tax to put in to their 401K instead of going to the worlds largest ponzi scheme. SS has its useful aspects, but its just one more way the government thinks they need to take care of their citizens instead of letting them take care of themselves. The government shouldnt be in the business of handing out pensions to everyone over a certain age... they already have enough pensions to worry about with just their employees.


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Re: Social Security is now running at a deficit

Unread postby jordan kramer » Fri Mar 26, 2010 12:51 am

we're not gonna need to worry about this crap when the zombie apocalypse hits in a couple years
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Re: Social Security is now running at a deficit

Unread postby waborat » Fri Mar 26, 2010 7:24 am

No worries...

They'll crank up that ol' treasury and mail out some Obama Money
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Re: Social Security is now running at a deficit

Unread postby Cerebral_DownTime » Fri Mar 26, 2010 8:24 am

jordan kramer wrote:we're not gonna need to worry about this crap when the zombie apocalypse hits in a couple years


Always with the Zombie Apocalypse..... Crazy kids. You smoke too much pot. ;-) ;) :wink:
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Re: Social Security is now running at a deficit

Unread postby exiledbuckeye » Fri Mar 26, 2010 10:26 am

Cerebral_DownTime wrote:
jordan kramer wrote:we're not gonna need to worry about this crap when the zombie apocalypse hits in a couple years


Always with the Zombie Apocalypse..... Crazy kids. You smoke too much pot. ;-) ;) :wink:


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Re: Social Security is now running at a deficit

Unread postby Triple-S » Fri Mar 26, 2010 11:56 am

jordan kramer wrote:we're not gonna need to worry about this crap when the zombie apocalypse hits in a couple years


just spit out my dr. pepper.

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Re: Social Security is now running at a deficit

Unread postby FUDU » Fri Mar 26, 2010 7:54 pm

Is the government even legally bound to pay out social security?

ETA: Flemming v Nester, nobody has any contractual rights to social security benefits, IOW the government is not obligated to pay it to anybody? Yet it is law that we must pay into it.
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Re: Social Security is now running at a deficit

Unread postby exiledbuckeye » Sat Mar 27, 2010 1:13 pm

FUDU wrote:Is the government even legally bound to pay out social security?

ETA: Flemming v Nester, nobody has any contractual rights to social security benefits, IOW the government is not obligated to pay it to anybody? Yet it is law that we must pay into it.


That case said that the payment of SS does not form a contract, and that SS benefits cannot be considered "property". But the government can't just take away the benefits without due process. There are protections there.
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