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The Ignored Crisis in Social Security

Discussion in 'Political Debate & Discussion' started by Deacon, Aug 19, 2009.

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  1. Deacon

    Deacon Well-Known Member
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    Bachus Discusses Social Security and Health Care

    With increasing unemployment, increasing government spending and lowering tax revenues we’ve not reached the point were we can call “The Stimulus Package” as success.

    If fact it has significantly pushed up the date when Social Security will become a major deficit expenditure.

    “We could raise the retirement age, or in the worst case, cut back on some benefits,” he said. “But that is something we are just now beginning to get a handle on.” [Bachus]

    Who would have guessed that Obama would be the one to have to handle this problem that politicians have ignored for decades.

    No wonder he wants health care passed quickly; once the populace understands the Social Security problem and the necessary solutions, they will turn quickly on those in power, be they Republican or Democrat.

    Rob
     
    #1 Deacon, Aug 19, 2009
  2. LeBuick

    LeBuick New Member

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    What we need is Congress to pay back all the money they "borrowed" from the system. Then we need to pass legislation to make that money off limits.
     
    #2 LeBuick, Aug 19, 2009
  3. billwald

    billwald New Member

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    >Then we need to pass legislation to make that money off limits.

    Exactly how? Fill Fort Knox with $100 bills?
     
    #3 billwald, Aug 19, 2009
  4. Deacon

    Deacon Well-Known Member
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    As of 2011 my grandsons piggy bank would be big enough for the nations S.S. savings.
     
    #4 Deacon, Aug 20, 2009
  5. targus

    targus New Member

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    When Congress "borrows" the money - the Social Security fund is buying Treasuries.

    Do you think that it would be better for the fund to invest in the stock market?

    Or corporate bonds?

    Or buy gold?

    Or invest in real estate?

    Maybe Beanie Babies?

    This is why private accounts was and still is a good idea. If we each had our own money in our own account at least we would be responsible ourselves instead of relying on some politician to spend our retirement savings on their pet projects to get themselves re-elected.
     
    #5 targus, Aug 20, 2009
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