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They need to stop giving disability benefits to fakers,bums and those who did not contribute. I say they should be rid of the disability benefit and let it be replaced with private disability insurance. It would be a better managed system that could nearly eliminate fraud.
If they are going to pay out socil security and disability to fakers and bums then they should quit giving the add ons for children and spouses ....an employer does not pay you more just because you have kids and we shouldn't pay extra for it either....manage your money.
If you have paid into Social Security, you are entitled to payment when you retire. You are not entitled to a raise every year or so for any reason. That is not how pensions or insurance works. Social Security is meant to keep you out of poverty, not pay for every convenience life has to offer.If you paid into Medicare, you are entitled to help with some health care costs. You are not entitled to 100% paid coverage for every little pill and device on the market. You are not entitled to get a free pill to keep your dick hard. Medicare is meant to keep you healthy and preserve your life. It is not meant to make you 100% comfortable, or provide you with a sex life.
If you go to the social security website, it has stated for years that it's funded until 2032. Then it gets real unclear if it will be funded, age raised, or a % of what is currently calculated from your years of contributions.
The near future average Joe will be screwed, means tested, and 80 years old before a penny is seen. Probably be taxed at a much higher %. It was only to be used as a supplement anyway, right? Common sense will tell you if take current median wage, workforce participation, gay spouses, and disability % that the fund is being drained faster than predicted. If no changes are made, the future of legal immigration, and current wages, we are screwed outside the boomers group. What's new for folks that follow the rules.
On the other hand, been told for decades that SS is in trouble.
As I read these posts I can not believe how uninformed most people. are. Most of the people do not know what they are talking about so they should research before they spew their stupid posts.
Just one example It was Ronald Regan who taxed the social security checks. Research and learn. most of you do not know what you are talking about.
Social Security is a self funded pyramid scheme, which only works as long as there are more people paying in than there are receiving benefits, and as long as benefits are not far more than payments made plus a fair growth rate (most recipients receive far more). The SS trust fund had a lot of money which needed to be invested. It was invested in government securities. That’s okay as long as the government can afford its obligations (it can’t). In 2030 (may not be the actual date) SS will pay out more than they take in. That is not necessarily bad for SS because they have all that money invested in the government. One problem. The government can’t make good on the investments. The government is so mis-managed that in order to pay SS what it owes them it needs to raise taxes. That is why they say SS affects the deficit.
Why do they always try to convince you to wait until full retirement age to collect. It's stupid!! Example: Full retirement at 67 = $1,500.00 a month. Early retirement at 62 = $1,125.00 a month. A difference of $375.00. So, collect at 62 and until 67 you will have collected $67,500 during those 5 years. Wait until 67 for that extra $375.00 and it will take you 15 years (age 82, which is past current life expectancy) for payback of that $67,500. Why would you wait? I'd rather have the extra money in my 60's than my 80's. What the hell are most people doing in their 80's if they make it that long? That's right, sitting around. It's just the statistical odds.
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