Comments on: This is supposed to be good news? http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Fri, 17 May 2013 18:49:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: VRB http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26149 VRB Tue, 24 Apr 2007 22:11:56 +0000 http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26149 One other the thing, If everyone who worked was getting a payroll deduction then the ratio would be more that 2 to 1. Think of all the undocumented workers and there will be more in a few years, more legal immigrants and more HB1 personnel.

]]> By: VRB http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26148 VRB Tue, 24 Apr 2007 22:07:11 +0000 http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26148 Brad,
There will not be as many baby boomers making it too sixty. See what is killing people. Cancers are still taking it toll. Diabetes is becoming an epidemic and many find out too late to keep it under control. You have faith in technology that doesn’t exist and if it doesn’t appear in the next fifteen years, quite a few boomer will die in their seventies.

I know there is no trust fund and any extra money is going into the general fund. I have no illusions about Social Security and since I am approaching retirement knowing that if I live too long SS will probably be my saving grace. With housing(my taxes) and utilities cost tripling every five or six years.

Well guess what, when I was getting Medicare benefits because of my kidney disease, I paid for Medicare and had a payroll deduction. I felt as if I was paying twice; intellectually I know that wasn’t the case. I have been paying for someone else much longer than you.

]]> By: Brad Warbiany http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26069 Brad Warbiany Tue, 24 Apr 2007 03:09:16 +0000 http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26069 VRB,

There are currently more workers than recipients. According to the National Center For Policy Analysis, the ratio is currently 3.3 workers to one recipient. It’s expected (by the experts) that it will fall below 2 to 1 by 2030. I think your plan (expecting them all to die early) is probably not going to work. With current medical technology, they’ll probably live quite a while.

When they take 12.4% of my income, though, I consider it a burden to the system. And as they age, that burden will only increase.

I have a question for you, though, VRB. Do you think there is a trust fund?

]]> By: VRB http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26066 VRB Tue, 24 Apr 2007 01:03:45 +0000 http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26066 It may be better than that, the first baby boomers will be 95. I know they don’t believe they will ever die. I wonder how many will live to see 2041. In ten more years, there will be more workers that recipients again. There may be some that live to 100, but not enough to burden the system. Hoping Social Security will run out of money, will not reform or get rid of it.

]]> By: Brad Warbiany http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26065 Brad Warbiany Mon, 23 Apr 2007 23:57:54 +0000 http://www.thelibertypapers.org/2007/04/23/this-is-supposed-to-be-good-news/#comment-26065 Trust fund… What an f’ing joke.

Isn’t there supposed to be money in a trust fund? Not a promise to pay it back with higher taxes later?

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