GOP

[Dark Cloud]

Although Social Security was intended to be self-sustaining over the long term, its financing is susceptible to factors unforeseen by its creators. As the United States has undergone significant demographic and economic changes over the decades since Social Security’s inception, Social Security’s projected date of insolvency has drawn closer.

Some of the reasons cited by the trustees for these declines over the years have included decreased mortality, lower birth rates, higher incidences of disability, lower economic growth, reduced average hours of work, lower interest rates on the trust fund, and higher inflation. Additionally, legislative changes, such as enhanced and new benefits, have affected Social Security’s solvency.
~heritage foundation.

People retire too young. They live too long. They don’t put enough money in to justify the amount they withdraw.

You left out the part ,all the illegals,and people in the prison systems,collecting benefits,and truth be known ,probably a lot of them dead people ,that are still voting in our elections.

 

[zone1]

I want the congress pension. Eligible after 5 years. 40K up to 140K.

 

[Wildcat]

There is NOTHING in the Social Security "Bank", nothing except IOU's.

Congress has been "borrowing" it for years to pay for all the stuff they passed.

 

[drakeshooter]

I literally laughed out loud at the assertion they were “self-funded”.

 

[bgkyarcher]

I literally laughed out loud at the assertion they were “self-funded”.

Where does other funding come from?

 

[EdLongshanks]

When S.S. was formed you were to start drawing at 65. This was also about the average life expectancy at the time. It wasn't meant to be a retirement plane for living 30 more years.

On top of that the government is horrible at running any program efficiently. There is absolutely zero chance of it surviving the way it is now. The unfunded liability is staggering to what this all will cost. Its mathematically impossible for it to stay viable unless something changes. Even then it probably going to mean continuing raising the retirement age and taking out more from our pay checks.

With the economy rolling and more people paying in it would be a great time to create a real lock box and sock away all the extra revenue rolling in.

In 1935 the life expectancy was 61....4 years BEFORE the retirement age.

 

[bgkyarcher]

In 1935 the life expectancy was 61....4 years BEFORE the retirement age.

Regardless, making this announcement two weeks before the election was a dumb move.

 

[drakeshooter]

Where does other funding come from?

Borrowed, stole, wherever. It’s a Ponzi scheme BUT you are dead right, stupid timing.

 

[MoMan]

Regardless, making this announcement two weeks before the election was a dumb move.

^^^^ This right here!!^^^^^

Regardless of what their plans or intentions are, dumping that information on the msm with just a couple of weeks to go was an irresponsible thing to do. I don't see anyway that this helps them in November. While I agree something needs to be done with the SS system, there is no way it should have been discussed until after the mid-terms. Why give the democRATS any ammo in the elections?

 

[reivertom]

I literally laughed out loud at the assertion they were “self-funded”.

That money has funded stuff, but it ain't Social Security.

 

[reivertom]

Borrowed, stole, wherever. It’s a Ponzi scheme BUT you are dead right, stupid timing.

The Republicans have a long history of self inflicted wounds....sort of a circular firing squad......They should have learned by now from the Democrats that timing is everything before an election.

 

[EC]

Don't forget Obama took $700 Million out of Medicare to help start Obamacare with the promise to pay it back. He NEVER paid one dime back.

Yeah, and that sick puke John Yarmuth, DemonRat from KY, voted for this. And imagine my laughing (maniacal outrage laughing) when I saw his re-election commercial last night when he was bragging how he was going to 'fight to save Medicare'.

Sick of these lying cucks.