Does Hillary Clinton want to totally destroy social security for post-baby boomers?

Question

I find her $5000 per baby savings plan utterly disgusting.

It will cost the government nothing during her reign as queen, because they're just promissory notes that will come payable 18 years later. So it'll be some other president's problem.

But that puts it directly in line with the timeframe where the baby boomers have decimated social security and it is on the verge of bankrupcy. And suddenly, on top of that, there will be this huge obligation to all these children who have turned 18 and want their money too.

Which means, after the baby boomers got their share (of course), social security benefits will have to be minimized or eliminated altogether. Which means, screw our generation, they got theirs.

I am getting tired of politicians who write checks that will be payable by someone else.

How about making those $5000 bonds paid for immediately by taxing baby boomers to pay for it NOW? They're here to save the world, so why not? They should be thrilled.

No?

Answer 1

After looking at some of the posts, very few understand the situation. The solution is to end the program. Who knows how to spend your dollar better you or the US government. You could invest the money and earn a higher return or whatever you like. The point is you get to choose and your money stays in your hands. It doesn't get paid out to people undisciplined to plan for their inevitable retirement.

Answer 2

Strangely enough, the system left alone as is, will function. The extra money in social security's "fund" is just to get the baby boomers through. It is not meant to last forever. Before it's existence, Social security was run without that extra money, and it doesn't need it in normal population cycles. The baby boomers were the mouse going down the snake's gullet. It was accounted for, and Social Security will be fine without any intervention.

Answer 3

First why give 5000?
Second the baby boomers should get what they have paid in afterall it is their money.
Third GWB tried to privatize SS but the politicians said no. I am not sure what is wrong with personal responsibility here.
Fourth this problem has been around for a while and no one wants to address it. So give credit to all who have failed on this issue.

Answer 4

Actually, Clinton is trying to save the Social Security system which has suffered from the raidng of the so-called trust fund by the fedreral government whenever they need a bailout.
It is politics as usual and shouldn't surprise anyone.

Answer 5

Hate to be the bearer of bad news honey.....

But Bush's deficit spending has already saddled your generation (and the next and maybe the one after that) with a mountain of dept that dwarfs any future $5k per child payment. Not only that, without a raise in the age of retirement AND eliminating the social security tax cut-off, the system will be in big trouble before I reach retirement age in 17 years.

Not to add insult to injury but rising sea levels will inundate both coasts of the US after my generation has passed leaving your generation saddled with those costs (Federal flood insurance).

You may have some energy and water issues too.... good luck!

Answer 6

Any post-baby boomer who actually believes they will receive a penny in social security is sadly mistaken. Social security is going to go broke in a few years unless something is done about it.

Answer 7

Baby boomers are the most self absorbed generation to date. They are responsible for all of the pollution.

As for Hillary, she is just a career politician who enjoys the ride.

But for an answer, she isn't out to destroy Social Security. Bush would love to do away with it, and the min wage if he could though.

Answer 8

The biggest problem with social security isnt some new plan, its the constant borrowing from the social security trust fund. If you want social security to be secure, you need to insist that your politicians keep their hands of that money and stop running a huge deficit. Currently the social security accounts run a SURPLUS which all gets borrowed for GOP tax cuts. Make them pay it back! Vote!

Answer 9

Social security was doomed from the time that Reagan raided it to pay for his deficit spending.

Bush Sr and Bush Jr have continued the practice of raiding social security and hammered the final nails in the coffin.

They need to liquidate what little there is left of the social security fund and return the money to the people. Let them save for their own retirement.

Answer 10

She's dropped the idea. It was an unfortunate trial balloon that didn't float.

It's interesting that her casual proposal bothers you so much, but Bush's 4.5 trillion borrowing over the last 7 years does not. That more than anything will destroy social security. The social security trust fund, the surplus money being collected now from workers is being used to pay on our war debt. It's not being saved and invested for the baby boomer's retirement.