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Sunday, July 23, 2017

Social Security Will Be Paying Out More Than It Receives In Just Five Years

When social security was first implemented in the 1930’s, America was a very different country. Especially in regards to demographics. The average life expectancy was roughly 18 years younger than it is now, and birth rates were a bit higher than they are now. By the 1950’s, the fertility rate was twice as high as it is in the 21st century.

In other words, for the first few decades, social security seemed very sustainable. Most people would only live long enough to benefit from it for a few years, and there was an abundance of young workers who could pay into the system.

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17 comments:

Anonymous said...

And There You Have It In A Nutshell! We All Will Be Working For A Paycheck Untill The Day We Die !! The Word Retirement Should Be Removed From The English Language !!

Anonymous said...

Thank the damn politicians who would rather see some illegal immigrant or Muslim get free money than pay it out to the people who have worked all their lives and paid into it. Oh, I forgot to mention all of the lazy "Americans" who have never worked a day in their lives and get welfare and SSI

Anonymous said...

Hey Mr Senator & Mr Congressman......Reimbursement Soc Security the money you've STOLEN from it and this won't be the case. I faithfully paid in my monies to the system, now you need to ensure the monies are KEPT there. Are you a legislator or a crook????

Anonymous said...

People should have been smart enough to know SS wouldn't be enough to retire on. Maybe you should have prepared a little better.

Anonymous said...

6:49 It's not a matter of "enough to retire on", it's a matter of the politicians having stolen money from the SS fund to finance things we couldn't afford. This was to be a protected fund, politicians weren't supposed to be able to dip into this fund. But, surprise, they did. I agree SS shouldn't be your main retirement fund, and it wasn't meant to be. It was a supplemental source. It, instead, became a slush fund for crooked politicians.

Anonymous said...

You are correct. Especially the SSI that can get it for being stupid.

Anonymous said...

6:49 the point is the at people have been forced to pay into a systems that has been giving to those that haven't.

Anonymous said...

We live in a world that workers are penalized and non workers are rewarded.

Anonymous said...

The government stole the funds.
Period.

One cannot "borrow" from a Trust Fund.
It was a TRUST FUND - to be used for only 1 purpose!

And yes, we are ENTITLED to the money because the government took it from us by force with guns.
Don't believe it?
Try NOT paying your taxes and find out what happens when the IRS shows up WITH GUNS and take possession of your body.

The US Government is a criminal enterprise.

Anonymous said...

maybe, but for some people that is all they have to retire on, especially low wage earners. maybe if that money was never taken from their paychecks all those years in the first place maybe they could have planned better and had more to retire on. Everyone is not a financial wiz like you guys obviously seem to think you are.

Anonymous said...

If I am not going to benefit from it why am I still paying into the system??

Anonymous said...

8:44, because if you don't, armed IRS thugs will come and take your body and put in a cage for a very long time, that's why. Note the how headline is worded, that SS will be paying out more than it receives, as if the 45 years of money I paid in to the system which was supposed to be in an interest bearing account saved up for my retirement today IS GONE and they need YOU to pay in more money to give to me because THEY SPENT ALL OF MINE! They have turned it into a PONZI scheme; you know, the same thing Bernie Madoff is in PRISON for.

So, pay up and as Imclain says, "Keep Cheering"! And enjoy your "freedom".

lmclain said...

TWO SETS OF LAWS.

Serfs starve and eat crackers and cat food. Use an extra couple of blankets in the winter.
THEY go to Florida 3 times a year, stay at the best hotels, and then fly to Hawaii to look at their NEXT vacation home.
They FORCED us to contribute or face prison. They exempted themselves from "contributing". They SPENT the cash on pet projects and now there is no money.
Why haven't we done to them what we used to do to robbers, thieves, and cheats?
Because they wear a suit when doing it?
Is it bulletproof?

Rhetorically speaking, of course.

Anonymous said...

Swamp rats having been robing the system for years and giving it to the lying POS that do nothing.

Anonymous said...

Now I know why people work for straight Cash and never file income tax ! I know Several that never done it any other way !!! !! They don't contribute to these Theives !! In any capacity !!!! SMART !!!!

Anonymous said...

With all the drugged out fake disabled out there sucking on the goverment no wonder! I know a few boomers who fain back injuries and get surgeries to get checks and presciptions.Then there are the twenty thirty and fourty somethings who should be working but also fake disabilities to get checks and welfare for thier drug habits. There are more people doing this than anyone realizes.

Anonymous said...

A government sanctioned Ponzi scheme.