Social Security Success Story

from JoeUser Forums

Another success story from another broke government entitlement program.  Just what we need, more of this!

“This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to theCongressional Budget Office.”

http://www.nytimes.com/2010/03/25/business/economy/25social.html?hp

1,975 views 4 replies
Reply #1 from JoeUser Forums Top

Why not start a tax on anyone over 18 that doesn't have a job, say $1000 a year. If they don't "borrow" it from mom and dad (who is paying for their "health" insurance until 26 anyway), fine them if they don't. Hell, old enough to vote for morons, old enough to be held accountable for their actions. It might even get some off their @ss to look for work. This is the era of "tax and spend" and "pay to play" after all.

Reply #2 from JoeUser Forums Top

This situation has accumulated after more than 40 years of under-payment to the asset accumulation. The whole Washington establishment of these past 40 years is to blame.

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Reply #3 from JoeUser Forums Top

Quoting Nitro, reply 1
Why not start a tax on anyone over 18 that doesn't have a job, say $1000 a year. If they don't "borrow" it from mom and dad (who is paying for their "health" insurance until 26 anyway), fine them if they don't. Hell, old enough to vote for morons, old enough to be held accountable for their actions. It might even get some off their @ss to look for work. This is the era of "tax and spend" and "pay to play" after all.
End of Nitro's quote

Might as well opne up the debtors prisons again.  No point in sending them to Georgia (they have enough already) and Oz closed their doors.

Quoting Cikomyr, reply 2
This situation has accumulated after more than 40 years of under-payment to the asset accumulation. The whole Washington establishment of these past 40 years is to blame.
End of Cikomyr's quote

Eh, not quite.  When Reagan and congress passed the last reform act in 1983, they said it was only a temporary fix, so in reality it is not 40 years, but only about 26.  And the reason it has been so long is because the democrats demagogue it.  Bush tried to build a consenus, and the real party of no (democrats) would have nothing to do with it.  They would not even talk reform to fix the system (which at the time they figured would go until 2017 before going red).  Clinton, being a democrat, never touched it.

And it will not be addressed until a republican is again in the whitehouse so the democrats can demagogue it again.  They do not fix anything, but they are very good at vilifying everyone.

Reply #4 from JoeUser Forums Top

This situation has accumulated after more than 40 years of under-payment to the asset accumulation. The whole Washington establishment of these past 40 years is to blame.
End of quote

Problems with solvency were bound to happen when people that never paid into Social Security can get SS disability. Of course LBJ tapping SS (in exchange for IOU's) to pay for the Vietnam War probably didn't help too much either. Now they are putting "health care" money in a "lock box" so it is safe and sound when it finally takes effect. LOL