Anyone with basic math skills, and who have even a small amount of common sense knows full well that Social Security Insurance benefits are shrinking quickly, and that the program is unsustainable..
Not only was set up to be just a “supplement” to a persons retirement savings and investment returns, “premiums” and the return on the premium investments of the Social Security insurance program were promised to be set in a separate trust, not to be touched for anything else but the premiums paid to the seniors that contributed to the program.
We all know this was a broken promise..
Some facts:
- - -
“Some people are shocked at the relatively low amount of their monthly benefit, but Social Security was not intended to be retirees' sole means of support, said Crystal Bass, the agency's public affairs specialist.
"It was intended to supplement 42 percent of your retirement needs. It was never intended for you to live off," Bass said. "We hope you have some additional income."
About 53 million people were drawing some Social Security benefit in 2010. In 1950 there were five workers for every beneficiary; there were three in 2008. By 2030, there will be two workers for one beneficiary and 70 million people over 65, Bass said.
Historically, there have been 11 years when Social...
Not only was set up to be just a “supplement” to a persons retirement savings and investment returns, “premiums” and the return on the premium investments of the Social Security insurance program were promised to be set in a separate trust, not to be touched for anything else but the premiums paid to the seniors that contributed to the program.
We all know this was a broken promise..
Some facts:
- - -
“Some people are shocked at the relatively low amount of their monthly benefit, but Social Security was not intended to be retirees' sole means of support, said Crystal Bass, the agency's public affairs specialist.
"It was intended to supplement 42 percent of your retirement needs. It was never intended for you to live off," Bass said. "We hope you have some additional income."
About 53 million people were drawing some Social Security benefit in 2010. In 1950 there were five workers for every beneficiary; there were three in 2008. By 2030, there will be two workers for one beneficiary and 70 million people over 65, Bass said.
Historically, there have been 11 years when Social...
Anyone with basic math skills, and who have even a small amount of common sense knows full well that Social Security Insurance benefits are shrinking quickly, and that the program is unsustainable..
Not only was set up to be just a “supplement” to a persons retirement savings and investment returns, “premiums” and the return on the premium investments of the Social Security insurance program were promised to be set in a separate trust, not to be touched for anything else but the premiums paid to the seniors that contributed to the program.
We all know this was a broken promise..
Some facts:
- - -
“Some people are shocked at the relatively low amount of their monthly benefit, but Social Security was not intended to be retirees' sole means of support, said Crystal Bass, the agency's public affairs specialist.
"It was intended to supplement 42 percent of your retirement needs. It was never intended for you to live off," Bass said. "We hope you have some additional income."
About 53 million people were drawing some Social Security benefit in 2010. In 1950 there were five workers for every beneficiary; there were three in 2008. By 2030, there will be two workers for one beneficiary and 70 million people over 65, Bass said.
Historically, there have been 11 years when Social Security paid out more in benefits than the program collected in taxes. By 2017, the program will begin to pay more in benefits than it collects, and when the funds are exhausted in 2037, only about 75 percent of benefits will be paid, Bass said.”
http://www.aarp.org/work/soci...
- - -
“Social Security, instituted in 1935, has provided tens of millions of Americans with income for retirement. Currently, more money is collected in Social Security taxes from workers than is paid out to retirees. But that ratio is reversing as “baby boomers” start to retire and the workforce shrinks due to the recession. Options to close the gap include more borrowing, higher taxes or reduced benefits.”
http://www.brookings.edu/rese...
- - -
The Crass Distortion of Paul Ryan’s Social Security Proposals
“Under current law, Social Security faces a significant gap between scheduled benefits and projected revenues. That gap can be seen on the graph below.”
CONTINUED:
http://economics21.org/commen...
- - -
I think the question should be.. Why do liberals hate the future generation of Americans (including their Children, Grandchildren and so on) so much that they insist on an obviously flawed program to fail, rather than come up with a solution like the Ryan plan which will not only save Social Security, but give Americans a choice in how they wish to invest in their own retirement..
(more)Not only was set up to be just a “supplement” to a persons retirement savings and investment returns, “premiums” and the return on the premium investments of the Social Security insurance program were promised to be set in a separate trust, not to be touched for anything else but the premiums paid to the seniors that contributed to the program.
We all know this was a broken promise..
Some facts:
- - -
“Some people are shocked at the relatively low amount of their monthly benefit, but Social Security was not intended to be retirees' sole means of support, said Crystal Bass, the agency's public affairs specialist.
"It was intended to supplement 42 percent of your retirement needs. It was never intended for you to live off," Bass said. "We hope you have some additional income."
About 53 million people were drawing some Social Security benefit in 2010. In 1950 there were five workers for every beneficiary; there were three in 2008. By 2030, there will be two workers for one beneficiary and 70 million people over 65, Bass said.
Historically, there have been 11 years when Social Security paid out more in benefits than the program collected in taxes. By 2017, the program will begin to pay more in benefits than it collects, and when the funds are exhausted in 2037, only about 75 percent of benefits will be paid, Bass said.”
http://www.aarp.org/work/soci...
- - -
“Social Security, instituted in 1935, has provided tens of millions of Americans with income for retirement. Currently, more money is collected in Social Security taxes from workers than is paid out to retirees. But that ratio is reversing as “baby boomers” start to retire and the workforce shrinks due to the recession. Options to close the gap include more borrowing, higher taxes or reduced benefits.”
http://www.brookings.edu/rese...
- - -
The Crass Distortion of Paul Ryan’s Social Security Proposals
“Under current law, Social Security faces a significant gap between scheduled benefits and projected revenues. That gap can be seen on the graph below.”
CONTINUED:
http://economics21.org/commen...
- - -
I think the question should be.. Why do liberals hate the future generation of Americans (including their Children, Grandchildren and so on) so much that they insist on an obviously flawed program to fail, rather than come up with a solution like the Ryan plan which will not only save Social Security, but give Americans a choice in how they wish to invest in their own retirement..
You might find this link interesting...
http://www.cbpp.org/cms/?fa=v...
you give it away and make it obvious that you have some sort of personal vendetta against a particular company or business in general, by the words that you use.
"you give it away and make it obvious that you have some sort of personal vendetta against a particular company or business in general, by the words that you use."- I'm basing my words on what I have personally witnessed, in several different companies across different areas of business.
You seem defensive for some reason. Is there a reason for that?