Social Security;how do we keep it from going broke?

Question

I say lets kick all the free-loaders out of the program.
the ones on disabilaty who are'nt even disabled, and the ones who've never paid in a single dime.

Answer 1

It's already broke.

The problem is that the debt, in the trillions of dollars, is currently off the books, and nobody sees how much it really costs.

And even if we took in the entire population of Mexico, and they paid Social Security taxes with no promise of benefits, it would still be bankrupt.

The only partial solution was to privatize it and keep the money out of politicians' hands, but we all know the lies that came from the Big Brother left, and they effectively killed that idea.

So, all you folks 35 and under, you know who to blame when all that money you paid into it is poof, gone. EIther that or your children and grandchildren are trying to kill you off because they can't pay the 65% tax needed to support it in the future.

Answer 2

I am certain there is some fraud and cannot recall in a long time that someone in the news was arrested for it. I am also not certain that this will do a lot but stopping fraud is a good step.

My question is why is there no personal responsibility. Why can't people save money. Why not let them save what they put in to SS rather than putting it in. My SS account has grown by less than 1% per year since I started having it withheld. Had I put that same money even in something as simple as a CD I would have at least three times that much in my account.

Also the Dems started allowing the government to spend the excess deposits. Can we have the Dems put ALL of that money back into the accounts.

It really is criminal what has gone on with SS.

Are you familiar with the term ponzi scheme. That is what SS is, and it always has been. A fraud perpetrated on Americans by the Democrats.

Answer 3

Changing the program to a LIMITED amount of private investment options might not be a bad idea. The marketplace could bolster the returns on Social Security money. But such a program has to be limited and tightly regulated: Social Security can't be a safety net if left too vulnerable to the whims of the stock market, and the opportunities for fraud with billions in taxpayer money is too dangerous a risk to go unchecked.

Truthfully, the program was never intended to be permanent. But now that it is, the government has to find alternative revenue sources for Social Security other than payroll taxes (the most regressive tax in the U.S.). That means cutting back on cutting taxes & that means raising revenue from somewhere i.e. a fee or tax increase of some kind. The question can't simply be "Should taxes be raised?": it needs to be "What would be the fairest and least damaging kind of tax increase?"

Tongue firmly in cheek, if certain drugs and prostitution were legalized, regulated and taxed, there could be some serious tax money raised for needed programs. ;)

Answer 4

I agree with you that we need to prevent Social Security fraud. But, there are other steps the federal government can take to keep Social Security alive. Several years ago, the federal government invited the commerce secretary of Chile to come to the US and give a presentation on Chile's Social Security system. It was amazing. Chile is one of the richest nations in South America and hopes to join the G8, a group of the wealthiest nations in the world. Instead of Social Security money sitting in banks, Chile invests the money. Even investing in bonds, cash deposits and money markets earn a profit. The profit is then added back to Social Security, which is how Chile is able to keep Social Security in the black.

Answer 5

Social Security has been abused too much over the years. It was never meant to be lived off of. It was supposed to be a supplement for our retirement years. People need to do their own savings for late in life.

Answer 6

I'd voluntarily go to a private SS system. It would act much like my 401K, and would likely be much larger than a social security check, not to mention, the break on the taxpayers is long over-due.

Answer 7

Vote in more conservative Republicans, vote out Democrats. It's the only way it will be changed. Democrats have blocked every effort for years.

Answer 8

Your Representative Government tosses this lead balloon out to see who sucks it up! It would be the same as saying the U.S. Treasury is going to run out of paper & ink! One more scare tactic to add to the list!

Answer 9

Two ways:

1 - Feed it LOTS more money

or

2 - Have LOTS more kids (ourselves and / or via immigration (legal, of course!)).

Answer 10

deport the parasites back to mexico