Social Security, What Happened?
What is happening to our Social Security we paid into?
We all know our government is saying that in a few years Social Security will be broke. How can this happen?
We all pay into Social Security and Medicare. They take 6.1% of our pay for Social Security and 1.4% for Medicare. Where is our money going?
I am 53 years of age and in a few years will be retiring However, I may never see the money I have paid in.
Most of us Baby Boomers will never see the money we have paid into Social Security. By the time we retire there will be no more Social Security. In this day and age of high gas prices and groceries how will we be able to live? There are people who are drawing Social Security now that cannot even make ends meet.
We have people eating canned cat and dog food because they cannot afford groceries. What has our society come to?
What kind of world will we have when it is our turn to draw Social Security?
Our government has misused our tax dollars and we have let them get away with it.
Now they want us to set up retirement accounts because Social Security is going broke. Did they invest our money unwisely or did they use Social Security funds for other things? You can bet our Congressmen will never have a problem when they retire. They make more money than they should now. They grant themselves raises without public approval. We need to change our Constitution so that that cannot continue to happen. Yes, they may pay into Social Security, but you can bet they will make sure they get theirs.
Our government has become so corrupt that it is a government not of the people anymore, but a government for those that claim to represent the people.
We must speak up now and let our government know we will not stand for their misuse of our tax dollars and that they must bring Social Security back to where it should be.
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Post Commentksanaweb
On December 14, 2007 at 2:17 pm
Very true article “the people need to wake up”
Thomas
On September 25, 2011 at 8:27 am
This so-called article is full of rumor and misinformation. First and foremost, Social Security is NOT broke. There is a trust fund that has been paid into by all working adults since the Reagan administration. Although the balance of payments into and out of that fund will tip toward greater spending than input sometime in the next ten years the trust fund itself will be able to make full payments to all current and new retirees until 2037. At that time the fund will continue to receive payments from all working adults, and those payments will be sufficient to pay out 80% of benefits to all current and new retirees until sometime early in the 22nd century. This will continue to be true even if NO CHANGES are made in the funding stream at all. Simply removing the cap on SSI contributions and requiring the upper 10% income demographic to pay into the fund at the same rate everyone else does moves the 100% benefits target date well into the 2070’s decade.
The trust fund is NOT SPENT. Some of it has been invested in US Treasury Bonds which will mature and be redeemed according to schedule. In spite of the recent debt ceiling debacle US Treasury Bonds remain the safest investment in the world.
These statements I have made are indisputable facts and are not in contention by any informed commentator on this topic.