Is Social Security going bankrupt or is it the us goverment?

Answer 1

The geniuses in Congress have been wasting the social security surplus for years -spending it on general government operations. That is part of the reason SS is in trouble.

We are also almost 9 trillion in debt. So unless something is done soon, both SS and the government are fcked.

Answer 2

Social Security is going bankrupt because they are handing out more than they take in. People that are not American citizens can draw social security if they have worked in this country before. People are able to draw if they have never paid in a dime because of some family member. It's because people that do not pay in one dime to social security claims disabilities and draws early. There will be no social security when we get there because everyone else got a hand out, without putting anything in.

Answer 3

According to the GAO, in a short 11 years there will be more paid out than received. The 'lock box' (chuckle snort) is full of IOUs from the government - they took all the previous overages and spent them. If you want to fill the 'lock box' back up, we'll have to pay even higher taxes.

Also, remember that you have no entitlement to social security payments. You get what the the government decides you get. They could stop paying tomorrow, because you have no right to that money. Think about it.

This is why social security is a scam, a raw deal, a theft. That's why Bush tried to reform it, so that we can save our own money and thus be assured we'll get something, instead of bupkis from the congresswhores.

Answer 4

It isn't Bankrupt, actually it is pretty healthy now!

If we could only keep the politicians hands out of our money! They love to borrow it, then never put it back and say how bad it is. Well Yea, you have been stealing from it for decades!

We should be getting better though because Afghanistan just replanted all their burned out crops of Poppy's and we can get back in the money laundering business!!



"We've got an issue in America ... too many good docs are getting out of business. Too many OB/GYNs aren't able to practice their love with women all across this country."
—Bush, telling a crowd assembled in Poplar Bluff, Mo., about a previously underappreciated domestic problem, Sept. 6.
Source: The Washington Post, "A New Problem, or the Wrong Word?" Dana Milbank, Sept. 7, 2004

Answer 5

It is a total lie made up by the neo-cons to con you into putting your money in private funds to be invested in the stock market, it is a scam to hook up cronies on Wall st.

This is why the United States citizens rejected the plan and Bush was defeated on this issue.

Social Security needs some minor tweeking to be secure forever. If we continue exactly as it this issue will nto be an issue until 2035 or so.

It is just one more attack on New Deal policies that the people of this country fought for and the neo-cons openly admit to wanting to abolish.

It is our rights they are destroying, probably never to return, remember that.

Answer 6

Social Security would be OK if they would have left the money alone. The Federal Government has used this fund for other purposes, intending to replace it but they've never gotten around to it. And with the national debt in the numbers that most of us can't comprehend I don't see how they ever will.

Answer 7

If my personal budget had such a vast proportion of deficits, I'd be bankrupt so the gov. is already bankrupt.

SS is too but isn't suppose to be. It is 'suppose' to be like a secured bank account where the funds in it are kept for later use. BUT, for years and years it has been counted against the deficit which means it is empty.

Answer 8

Social Security would be 100% better if congress would make themselves eligible for it and get rid of all of their perks. Bush Jr. could have saved Social Security 6 years ago, had he decided we were more important than oil. But then again, he and Chaney have their money in oil, not our Social Security program.

Answer 9

I don't think the people would allow social security to go bankrupt.

Answer 10

Social Security has been paid out to many people over the years that did not earn nor deserve to have it paid out to them! Therefore the next generation will not be paid....how many people do you know that should not be getting Social Security? I know of too many!