[QUOTE=Guest;1274175]The real problem is GOVERNMENT. When, we were working they had excess money coming in. Rather then holding and investing that money, typical of government they used it to buy votes. Now we come along-surprise, government had all the numbers. Each day we would get older and eventually we would retire and expect what we paid for. We expect what the people before us got.
If, I recall, when social security was started there were 16 workers for every person collecting. Due to births after WWII and the fact that our people, at least our people WHO WORK AND PAY TAXES, has not grown at the same rate as people collecting. Today there are only 2.5 people working to pay the social security benefits we expect to collect.
I've posted the same thing several times. We are being fed misinformation and so we will vote on misinformation.
It sounds crazy-confirm it for yourself.
We have been told that China is our largest creditor. Fact is we owe slightly more to Japan then to China. FAR MORE IMPORTANT. Together Japan and China hold less than 20% of our national debt-SOCIAL SECURITY HOLDS 42% OF OUR NATIONAL DEBT. OBAMA OVERSPENT TEN TRILLION DOLLARS. Stop to THINK do you understand what a TRILLION DOLLARS IS-I DON'T. You had no choice
OBAMA SPENT you money that you put into this ponzi scheme for 40+ years.
For the poster above. Long term stock market returns are 8%. I've paid into social security for 45 years. Rule of 72
at 8% the money I put in would double every 9 years.
I was self employed and so paid in 13% of my gross a few times, i reached the top where you then get money not taxed by social security. For me and I would expect for most people living in the villages PRIVATE INSURANCE WOULD HAVE BEEN A MUCH BETTER AND LESS COSTLY ALTERNATIVE.[/QUOTE
Great question. I don't know the answer and neither does Obama
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