How far in the sand do you have to bury your head to believe that Social Security isn't on the verge of?

Question

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Answer 1

Very far.

We should do our best to pay back those who paid in, then end it.

Answer 2

A better question would be how far do you have to bury your head to believe that the entire Federal Government isn't on the verge of Bankruptcy. We have borrowed approximately one trillion dollars from the Chinese and Japanese. (Eventually they will get tired of taking on more debt from us and will start buying up everything of value in our country.) Last year, congress borrowed 168 billion dollars from the Social Security Trust fund (a new record), every penny of which came from FICA taxes on the wages of working people that was earmarked for their retirement - and congress has no plan in place to pay it back when it is needed to pay benefits.

-President Bush plans to borrow another over a trillion dollars more from the Social Security Trust fund between now and 2012- also with no plan in place to pay it back. He calls the bonds in the trust fund a bunch of worthless IOUs but they have the same legal status as any other government bond - and then there is the cost of the war which President Bush doesn't even bother to include in his deficit calculations. - Interest on the National debt totaled over 200 billion dollars last year - roughly 15% of the entire Federal Budget. - Its only a matter of time before the National Credit Card is maxed - but at least the rich will be able to keep their tax cuts, if President Bush has his way. (The Democrats have thus far not proposed any legislation to roll back the Bush tax cuts.)

Answer 3

First off there are 2 different figures the first says 2041 and we won't be able to pay full benefits, the 2nd and probably more accurate says 2052, over 40 years away, the possible fixes are many but privatizing it shouldn't be on the table, I find ut amazing that people seem to forget why it was started, the damn market crashed, why would you trust your entire future to it? More importantly the reality is the tax we pay isn't proportionate across income spectrum's, example a firefighter making 47,000 a year is paying 6 1/2% approximately, Bill Gates? Less the 1 tenth of 1% of his income, if we simply treated ALL INCOME as taxable social security income walla problem solved, of course the investor class hates this idea but personally I say screw 'em they make enough off my hard labor already and can help support a social contract America made with itself years ago

Answer 4

The only people beating the Social Security drums are crooks who wish to manage your Social Security investment fund = How much will you be paying them a year to manage it?

Answer 5

Social Security will be restored from penalties exacted against Halliburton for fraudulent no-bid contracts.

Answer 6

Good question. The boomers are going to take the rest of it. And the boomer's grand-children are going to euthenize us. How will anyone tell them they are wrong? My solution is to make it need-based now. And take 1/2 of what they take now.

Answer 7

Only if you listen to the far right moonbats who think it shouldn't exist in the first place. This money was promised to people for their retirement, we shouldn't be breaking our word.

Answer 8

I think something should be done... granted... but I don't agree with you on what that "something" is I bet...

and you know what's funny... they say the same thing about Republicans and global warming... hahaha

Answer 9

If we extend the tax cuts it'll sure help...

Answer 10

pretty damn far.