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+--- Thread: Who's going to pay for the Baby Boomer's Social Security if young people can't? (/thread-124665.html)
- Chicago Bob - 04-04-2014 11:14 AM
Certainly not The Government. They stole it all to make War.
- Blu - 04-04-2014 11:16 AM
All gov has to do to keep SS solvent is raise the amount of earnings where the deduction is applicable.
- Robert - 04-04-2014 11:19 AM
The people who are in the workforce at that time will have to shoulder the load in the form of increased taxes, that's why they vote Republican.
- Mags - 04-04-2014 11:28 AM
The younger generation in both the United Stated and the United Kingdom might have to start saving for their own retirement because the coffers are being emptied. However, please don't blame we oldies because we paid into the system and are penalised more than any other group, including some who have never and will, probably, never pay anything into it at all.
We are certainly living longer so will be drawing more than was imagined but that is hardly our fault and not a cause for us to roll over and die.
Today's youngsters, for all their protestations, are never short of anything which money can buy. They eat out and buy electronic gadgets. They pay for tattoos, visit nail salons, colour their hair, can afford holidays etc. etc. and many drive cars. I can do none of that, have no T.V. and have an ancient mobile phone p.a.y.g. There's no point in making a longer list of what youngsters can afford because most of us will say the same thing.
If these youngsters can afford all this modern stuff they can afford to pay into a pension fun and if doing so means not being able to change to the latest phone about to be released then so be it. The answer is in their own hands (which they need to place deep into their pockets and get paying into that pension fund). My two sons are doing just that because they envisage a time when government old age pensions will not exist.
- expertgal - 04-04-2014 11:40 AM
They talk like Soc. Sec. will run out in a few more years. Those dang
politicians in D.C. borrowed from the Trust Fund and never paid it back.
Looks like they sent it to other countries to teach them how to fight their
own battles - didn't work, look at Iraq which is in worse shape than before
US started throwing money (1.08 billion) at them, oh and $981 Million to Ethiopia, $2
Billion to Pakistan, $566 Million to South Africa, $698 Million to Senegal,
$404 Million to Mozambique, $33l Million to Zambia, $304 Million to Kazakhstan,
and $554 Million to Tanzania and that's just the beginning. Us citizens should set
up a protest of all the money we steal to give away to other leaders and dictators.
- Charles - 04-04-2014 11:53 AM
Do not listen to the rumours, social security will still be around in the year 2060
because there is mored people working in the past 50 years than in the previous 100 yrs-
do the research- there are more jobs and technologies in which is traing and giving nmore jobs to the people.
the interest on the total rewvenue in the billions will sustain nothers for the next 50 years.