- Time
- Post link
Janskeet said:I always here how social security isn't going to be around when us echo boomers and generation x's go to retirement. But I read that the system is projected to be fine until 2042 and even then the change need to keep social security working with the income they promise you is not going to be hard to adjust. But I read this back in February or March and that was before the stock market crash and weakening econemy. All these conservatives seem to want to make us think that the system needs to be "changed" but it is just an excuse to put it stock market or something, give it a way to filter back to the rich.
You're to funny. The point of making Social Security into private accounts, like 401ks, is so the people that pay in get interest on their money and then get to withdraw their money when they retire.
http://people.howstuffworks.com/question385.htm
That website explains how Social Security really works. In short, Social Security now has much higher taxes than what it originally did in order to pay for the same benefits. Also, when it was first created, the ratio of workers paying in to the ones receiving benefits was much higher than it is now. http://www.ssa.gov/history/ratios.html That's why the system is breaking down. When all the baby boomers retire, you're looking at a broken system.
Janskeet, you would do well to stop assuming that everything is about making "the rich" richer and realize that Conservatives actually want people to be able to keep more of the money they make. We think people can make a better decision on how to spend their money than the government can. I'm going to assume you're a pretty young person by the way you post. It would do you good to stop listening to what other people are saying about everything and do some of your own research. You might be surprised by what you find out.
You are disciplined but tolerant; a true American.
Pissing off Rob since August 2007.