Hands off of our social security!?

Question

I have heard many times how social security will be a thing in the past before I can get a pay check from them. Why haven't Congress come up with a buget fund program to used instead getting money from our social security?

Answer 1

Lack of courage and real leadership in congress. The Democrats now have control of congress, but no bill has been introduced to roll back the Bush tax cuts. It takes guts to propose cutting spending or increasing taxes. It is very difficult for a politician to propose a tax increase without at the same time proposing a spending increase so that there are people who will personally benefit from the tax increase. And its very difficult for a politician to cut spending unless he has lined up a way to spend the amount that was cut somewhere else, so that he has enthusiastic support for the spending cuts.

When he was first running for president, Reagan promised to balance the budget by 1983. If he had done so, and if he had kept it balance, the surplus being paid into the social security trust fund could have been used to buy up U.S. government bonds from the Chineese, Japanese and other investors and we no longer be in debt to the rest of the world.

Answer 2

Because most politicians don't have the guts to make the hard decisions. For social security to be around for our generation (I'm 30) some sacrifices will have to be made. And what politician do you know will have the guts to say that and possibly loose votes for something thirty years into the future. Now if my generation would take things like this seriously and vote maybe somethings would change. But until then the dems and the conservatives will both throw stones but neither side has a real plan. I don't care what political party you are with, that is just the plain and ugly truth.

Answer 3

That question was horrible. then again since you have no clue about the social security debate it doesn't surprise me.

allow me to bring you up to speed now that you have finally come out of your box. Congress and the president have been fighting over this very topic for about 5 years now. before that the last president( bill clinton just in case you where to far into that box of yours) had made some proposals, but none of them where manageable in a efficient and timely manner so they where scrapped. we have been projecting that social security would fail by the mid 21st century since I was in high school back in the 80's when some math guru finally sat down and crunched some number and found that the system couldn't sustain itself.

with that said I will have to say first, take an English class, your grammer and sentence structure is horrid. second, where the hell have you been for the last 25 years as we all have been talking about this. ( sorry, that second bit was a question not a statement. my bad)

Answer 4

Sorry, but Congress cannot sequester the money. There is no trust fund, there never has been, and there never will be.

Easy way to solve the problem is to privatize it. Then it's not going to Washington - it stays in your hands, it's your private property (which Social Security benefits are not, re Nestor vs. Fleming, a Supreme Court case in 1960), and you can will it to your descendants.

Answer 5

Give me the my money now. I can do a much better job of investing in my retirement than the G can. But then, social security is all about redistributing wealth anyway. They need my money to bribe, er I mean take care of, their constituents.

Answer 6

Social Security is not gonna get fixed until it's to late. The political risks of tweaking it will deep-six any attempts. Learn to do your own investing or be prepared to radically "simplify" your life.

Answer 7

Politics.

Answer 8

Thats all the more reason to be for private accounts where the govt cannot get their hands on it.

Answer 9

Yup. So much for Gore's "lockbox"... What a shame.