How old are you? The reason SS is upside down is pols steal from it every chance they get. It is their pet slush fund and just kick the can down the road
The fact that math is political because of your age is part of why we're in this mess. You get way more from ss than you ever pay in. That's just the math. And ss is already insolvent. That's also just the math. At some point you have to realize you're getting paid out with money borrowed from your great grandchildren.
No, it was upside down from day one by design. Its a pyramid scheme.
Look up who the first recipient of s.s. was. Look up how much she contributed vs how much she collected.
Then greedy boomers made it worse by voting for the politicians who stole the money going into s.s. to pay for other benefits they didn't want to pay for.
S.S. was designed to start at age 65, when at the time, the average life expectancy was 63. Today boomers still start collecting at 65 but they live to be 80.
S.S. was screwed from its very first recipient onwards.
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.
SS requires new generations to generate enough input into the system to be able to pay out to the previous generations. This has been known since it was created. I'm not talking about the raiding of the funds by politicians where they shoved an IOU into the system. Even if that never happened it would still not have the supported funds to keep it going, at least not without maintaining a balanced population which has not happened. The fact that you're on this website would make it clear that you're not one of the boomers I'm referring to. I'm talking about the boomers who just want to sit back and watch the world fall because they don't have to care anymore. So as much as boomers deserve their money so do the younger generations who have been fucked over through no fault of their own.
BOO FUCKING HOOO. So how much did your college degree, associate in victimhood cost you.
I would like to see how spry and aggressive you are in your 70's and 80's
People all messed up from working for a half century and you want them to be activist? Idiot! You are a selfish ignorant POS!
Wow. Who knew me stating that I'm trying to wake up boomers that I know personally as evidenced by my use of >>I<< in my original comment to realize the shitty situation at hand but who literally do not want to rock the boat because they're set for life... then pointing out the reality of the situation and stating very clearly that it was not their fault but the fault of a shitty retirement system that locks people into this position... to which you suddenly decided to respond to me as a personal attack... apparently that makes me an asshole in victim-hood. Just, wow. And to call me a selfish ignorant POS... oh the irony. If you're a boomer, you're doing a bang up job proving the OP's assertions. Way to go.
How old are you? The reason SS is upside down is pols steal from it every chance they get. It is their pet slush fund and just kick the can down the road
The fact that math is political because of your age is part of why we're in this mess. You get way more from ss than you ever pay in. That's just the math. And ss is already insolvent. That's also just the math. At some point you have to realize you're getting paid out with money borrowed from your great grandchildren.
They literally don't care. It's an entire generation of 'fuck the next guy'
No, it was upside down from day one by design. Its a pyramid scheme.
Look up who the first recipient of s.s. was. Look up how much she contributed vs how much she collected.
Then greedy boomers made it worse by voting for the politicians who stole the money going into s.s. to pay for other benefits they didn't want to pay for.
https://images-na.ssl-images-amazon.com/images/I/4152YTJSX0L.SX312_BO1,204,203,200.jpg
Why would I need to read an entire book about it?
S.S. was designed to start at age 65, when at the time, the average life expectancy was 63. Today boomers still start collecting at 65 but they live to be 80.
S.S. was screwed from its very first recipient onwards.
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.
You are ignorant to the point of comedy!
SS requires new generations to generate enough input into the system to be able to pay out to the previous generations. This has been known since it was created. I'm not talking about the raiding of the funds by politicians where they shoved an IOU into the system. Even if that never happened it would still not have the supported funds to keep it going, at least not without maintaining a balanced population which has not happened. The fact that you're on this website would make it clear that you're not one of the boomers I'm referring to. I'm talking about the boomers who just want to sit back and watch the world fall because they don't have to care anymore. So as much as boomers deserve their money so do the younger generations who have been fucked over through no fault of their own.
BOO FUCKING HOOO. So how much did your college degree, associate in victimhood cost you. I would like to see how spry and aggressive you are in your 70's and 80's People all messed up from working for a half century and you want them to be activist? Idiot! You are a selfish ignorant POS!
sir this is a wendy's
Wow. Who knew me stating that I'm trying to wake up boomers that I know personally as evidenced by my use of >>I<< in my original comment to realize the shitty situation at hand but who literally do not want to rock the boat because they're set for life... then pointing out the reality of the situation and stating very clearly that it was not their fault but the fault of a shitty retirement system that locks people into this position... to which you suddenly decided to respond to me as a personal attack... apparently that makes me an asshole in victim-hood. Just, wow. And to call me a selfish ignorant POS... oh the irony. If you're a boomer, you're doing a bang up job proving the OP's assertions. Way to go.
Well said from a solid rep of the "Gibs Me" generation. Were you a "Bernie Bro" before the left shit canned him?