Bush bill suppresses funding for students and appropriates $2m for presidential yacht

PaJim,

Are your retired?

Get any benefits from the Federal Government?

 

No and no.

 

Planning on it?

 

Yes. And, I'll cut out a step, because I see where you're headed.

I am against the federal government messing with peoples' money in the form of social security, etc. But, I have been forced into the system and expect to collect, after having paid in huge over my working years.

Unfrortunately, you can't exempt yourself from the results of the foolish voting patterns of the majority.

 

Thanks, Just wanted to see if you were headed toward the Federal trough.

I'm sure that being the principled person you are that you have kept close records over the years and know exactly how much you have paid in and when Uncle Sam pays you back in full then you will simply endorse the checks and return them to sender ASAP.

For Future reference remember when you reach that point and go beyond what you have paid in plus a reasonable ROI - then when you decide to keep the monthly SS check or use Medicaid you will officially be on the FEDERAL DOLE.

 

I don't know about Jim, But I'll never see what I put in.

If you want, hardsheller, I'd be pleased to take what I put in and set up my own retirement fund.

Until that happens, like Jim, I intend to draw out whatever they'll pay me back of the money they took.

You have a problem with that?

 

I think with Medicare and S.S. you'll get a whole lot more than you paid in if you have a normal lifespan. With longer lifespans a majority of people get back many times what they paid in.

I agree with you - I'm all for Bush and the Congress allowing folks to set up their own retirement fund. I have one in addition to Social Security.

 

Did you read my post? Or are you not listening at all, and just posting what you planned to, regardless of what I said?

 

BTW, Hardsheller, you and I receive a detailed listing of our SS contributions each year. Ever see the charts that show how much money you'd have at 65 if you invested $xx at xx% interest starting at age 20?

 

Unless you were self-employed half of the money placed in your account was put there by your employer.

Have you seen the charts that show how older SS recipients get a lot more out than they ever put in? And even more than if they had invested that meager amount they did put in?

I don't think you're considering medicare at all into your calculations.

Granted the gap is rapidly closing and that will not be the case forever.

Hey, I'll be right there beside you at the Federal Trough when we're both 75 and gimpy.

 

"Getting out more than you put in", over 40-50 years, isn't much of a bargain.

Ever see the charts that show how much money you'd have at 65 if you invested $xx at xx% interest starting at age 20?

 

My offer stands. Just give me what I put in now, and I'll go away and never ask for my Social Security checks.

 

I sincerely wish I could pay you what you put in.

 

You can't. We were supposed to get that back to the point there was a real fund. Bush promised he'd quit looting our Social Security funds to fund his tax cuts.

He lied.

 

Bush and the liberals have been looting SS for decades to fund rampant spending. They try to blame it on demographics, but that's a lie.

 

Well, Like it or Not - He's Your President and you have to live with it.

For the majority of us - that's not a hard task!

 

Oh, I'm fine. It's the next generations for which I am sorry. If it were all about me, I'd just get a "W" bumper sticker, live the good life, and forget about the future.

 

It's not just Bush, of course. The fund has been a cash cow for a long time. That's why economists say it's not possible to let young taxpayers get a bit of their SS money to invest.

It would break the system. And since we're running up a record debt that someone will have to pay someday, our children and grandchildren will be working for the government just to pay back the money Bush borrowed.

 

Well in total dollars you're right. It is a record debt.

But in percentage of GNP it is not.

In 1945 and 46 I'm sure the doomsayers were saying our children and grandchildren will have to work for the government to pay back all the money Roosevelt borrowed.

Didn't happen.

Do you agree that Social Security needs to be reformed or not?

Are you for allowing younger workers to invest some of their retirement in the markets? With strict controls of course.

 

Ah, the good old days, when we had things called "factories".