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MDLNB 02-09-2017 02:21 PM

"There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary."

"In 2016, nearly 61 million Americans will receive approximately $918 billion in Social Security benefits"
https://www.ssa.gov/news/press/facts...icfact-alt.pdf

"...Beginning in 2020, however, they project the OASDI annual cost will exceed total income, so the trust fund reserves will be drawn down until they are depleted in 2034—the same year as estimated last year. After trust fund reserve depletion, continuing income is sufficient to pay 79 percent of program cost, declining to 74 percent for 2090."
Summary: Actuarial Status of the Social Security Trust Funds, June 2016

You're right. My mistake. I had read in several places where we had depleted the 80's surplus. Can't find it now, so I've got no quote to back me up. According to SSA we now have until 2020 before the cost exceeds the income.

Don Baldwin 02-10-2017 09:19 AM

Quote:

Posted by Guest
"There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary."

"In 2016, nearly 61 million Americans will receive approximately $918 billion in Social Security benefits"
https://www.ssa.gov/news/press/facts...icfact-alt.pdf

"...Beginning in 2020, however, they project the OASDI annual cost will exceed total income, so the trust fund reserves will be drawn down until they are depleted in 2034—the same year as estimated last year. After trust fund reserve depletion, continuing income is sufficient to pay 79 percent of program cost, declining to 74 percent for 2090."
Summary: Actuarial Status of the Social Security Trust Funds, June 2016

You're right. My mistake. I had read in several places where we had depleted the 80's surplus. Can't find it now, so I've got no quote to back me up. According to SSA we now have until 2020 before the cost exceeds the income.

That's what happens when you believe the "group think". The "general knowledge"...that is false.

That's why I'm always saying...trust no one, believe nothing in the media. Draw your OWN conclusions after reviewing the facts.

In many cases...you never get any facts...just lies and propaganda. So you CAN'T come to a conclusion. Pretty much EVERYTHING that happens overseas, especially a war zone, is almost 100% propaganda.

That's why I don't take any sides in politics because both sides are full of liars...corrupt, crooked, thieving, liars.

dillywho 02-10-2017 11:27 AM

Quote:

Posted by Guest
"There are currently 2.8 workers for each Social Security beneficiary. By 2035, there will be 2.2 covered workers for each beneficiary."

"In 2016, nearly 61 million Americans will receive approximately $918 billion in Social Security benefits"
https://www.ssa.gov/news/press/facts...icfact-alt.pdf

"...Beginning in 2020, however, they project the OASDI annual cost will exceed total income, so the trust fund reserves will be drawn down until they are depleted in 2034—the same year as estimated last year. After trust fund reserve depletion, continuing income is sufficient to pay 79 percent of program cost, declining to 74 percent for 2090."
Summary: Actuarial Status of the Social Security Trust Funds, June 2016

You're right. My mistake. I had read in several places where we had depleted the 80's surplus. Can't find it now, so I've got no quote to back me up. According to SSA we now have until 2020 before the cost exceeds the income.

Has anyone calculated into these equations the monies paid into SS (including employers, of course) of people who die before they are old enough (62 minimum) to withdraw from it? These are the people who have no one qualified to receive those monies because they leave no spouse or no minor children.

Don Baldwin 02-10-2017 12:20 PM

Quote:

Posted by Guest
Has anyone calculated into these equations the monies paid into SS (including employers, of course) of people who die before they are old enough (62 minimum) to withdraw from it? These are the people who have no one qualified to receive those monies because they leave no spouse or no minor children.

There is NO "John Doe" account to be passed on to anyone. There is only...Joe Doe paid this much...and when John Doe reaches age and applies...this is what he gets per month until he dies. Remember too...spouses can get half the husbands SS benefit for their lifetime even though they never worked.

They count on lots of people dying before collecting a dime. What they are having trouble with is people are living too damn long to keep paying them and their healthcare...yes folks...with single payer comes death panels...they will NOT spend $ millions on an 85 y/o in the future. Also...the end of the baby boom paying in has cut down the amount going into SS...WHY do you think they're LETTING the Hispanic invasion happen? Not JUST low wage workers for the food conglomerates, but KIDS...kids that "hopefully", will become workers and replace the dwindling boomers. White people are having NEGATIVE population growth...minorities...triple digit!

It STILL works out to...they pull in more than they pay out. In 2020 when it starts losing money again...they'll just change something so it continues, lower the payout or raise the "contribution". It's what they do...it's what they've done.

The future ISN'T so bright you gotta wear shades...it's dark...dark skinned, poor, violent, and nasty.

dillywho 02-10-2017 12:59 PM

Quote:

Posted by Guest
There is NO "John Doe" account to be passed on to anyone. There is only...Joe Doe paid this much...and when John Doe reaches age and applies...this is what he gets per month until he dies. Remember too...spouses can get half the husbands SS benefit for their lifetime even though they never worked.

They count on lots of people dying before collecting a dime. What they are having trouble with is people are living too damn long to keep paying them and their healthcare...yes folks...with single payer comes death panels...they will NOT spend $ millions on an 85 y/o in the future. Also...the end of the baby boom paying in has cut down the amount going into SS...WHY do you think they're LETTING the Hispanic invasion happen? Not JUST low wage workers for the food conglomerates, but KIDS...kids that "hopefully", will become workers and replace the dwindling boomers. White people are having NEGATIVE population growth...minorities...triple digit!

It STILL works out to...they pull in more than they pay out. In 2020 when it starts losing money again...they'll just change something so it continues, lower the payout or raise the "contribution". It's what they do...it's what they've done.

The future ISN'T so bright you gotta wear shades...it's dark...dark skinned, poor, violent, and nasty.

The question concerned those who never collect because they die too young and do not have a spouse to get their half nor have any minor children.

Don Baldwin 02-11-2017 08:35 AM

Quote:

Posted by Guest
The question concerned those who never collect because they die too young and do not have a spouse to get their half nor have any minor children.

Dilly Who...the ANSWER was in the FIRST sentence...

"There is NO "John Doe" account to be passed on to anyone."

Could my answer have been more pithy? Any clearer? Any more succinct?

Money paid in but uncollected...becomes part of the "surplus" that the government steals to give to corporations owned by those who put politicians in office who then appoint "regulators" who ensure conditions are ripe for them to profit handsomely.


Is that the answer you were looking for?

What did you think of the "new" Cindy Lou Who?


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