| Posted by | Message |
Zach 
LSU Fan
Member since May 2005
55376 posts
| "Social Security is in great shape" (Posted on 11/28/12 at 12:30 pm)
Good news, my friends! There is no need to 'fix' Soc Sec. It's on solid financial ground. UAW explained it to me this morning.
Me: UAW, I set up a retirement plan for my wife 15 years ago because I explained to her that SS might be bankrupt by the time she hits 65.
UAW: Zach, that's crazy. SS is in great shape. The only reason people were worried was because for years the Republicans have been raiding the trust fund to pay for their programs. Now that Obama has been re-elected and the Dems control the Senate they won't let the GOP raid the fund anymore. And since there are more workers than retirees Soc Sec will be on solid ground forever.
Me: Why did the GOP raid the trust fund?
UAW: Because they wanted SS to go bankrupt. They have always hated SS because it's the most successful program in US history and it was created by the Dems. A lot of people vote Dem today out of appreciation for them creating SS.
Me: So, there is no need for SS reform at all?
UAW: No. There is no need to raise the retirement age and no need to increase the payroll tax on current workers. Now, I'm all for means testing. If you're 65 and you own your house and have 50K in the bank, you don't need no SS. It should go to the people that need it.
Me: Thanks for explaining it to me. I feel much better now.
|
| Back to top | Share on  |
Gray Tiger
LSU Fan
Prairieville, LA
Member since Jan 2004
19853 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 12:32 pm to Zach)
Sadly, he votes.
|
| Back to top | |
rsande2
LSU Fan
Member since Jan 2006
3423 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 12:38 pm to Zach)
|
| Back to top | |
Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12797 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 12:54 pm to Zach)
|
| Back to top | |
prplhze2000
LSU Fan
Parts Unknown
Member since Jan 2007
29250 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 12:55 pm to Zach)
and he is lying through his teeth.
|
| Back to top | |
Zach
LSU Fan
Member since May 2005
55376 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 1:02 pm to prplhze2000)
No. He absolutely believes everything he's saying. He's not trying to be deceitful. He also said today that Bobby Jindal is trying to raid the retirement funds of the state police and teachers to pay for his pet programs. He says Jindal is the worst governor we ever had.
This guy is 71. He retired at 65 from GM. He painted cars. His salary during his last year was 75K. He lives in a small old brick house in a declining neighborhood and only gets broadcast TV because cable is too expensive.
He doesn't read papers or watch network news. His only source of information is the UAW newsletter he gets in the mail plus his conversations with fellow union workers.
|
| Back to top | |
prplhze2000
LSU Fan
Parts Unknown
Member since Jan 2007
29250 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 3:24 pm to Zach)
here is the report right here. Read for yourself.
LINK
|
| Back to top | |
BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
1412 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 3:39 pm to Zach)
quote:
The only reason people were worried was because for years the Republicans have been raiding the trust fund to pay for their programs
Someone explain this to me. Is this the rest of the federal government essentially borrowing from the SS trust fund? If so, then they are supposed to get interest on that money. Unless we decide not to pay it back (essentially default on US treasuries) I don't see how this is a raid.
And I certainly don't see how this is a Republican deal.
If the fund wasn't invested in treasuries, what other investments would it be in? Corporate bonds? The stock market?
There was an opinion piece in the Advocate today that was essentially saying the same thing and it struck me as odd then as well. At least the dems have gotten together on their talking points.
|
| Back to top | |
constant cough 
New Orleans Saints Fan
Lafayette
Member since Jun 2007
28352 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 3:44 pm to Zach)
quote:
Good news, my friends! There is no need to 'fix' Soc Sec. It's on solid financial ground. UAW explained it to me this morning.
Sweet! I'll stop saving for my retirement now that I know I can depend on good old Uncle Sam to take care me in my old age or if I become disabled.
Forward!
 
|
| Back to top | |
Elcid96
LSU Fan
Member since May 2010
4388 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 4:16 pm to Zach)
quote:
If you're 65 and you own your house and have 50K in the bank, you don't need no SS.
This is my favorite point he tries to make.
I would ask him, if I could stop paying into SS when I own my house and have 50K in the bank would he be for it?
|
| Back to top | |
CITWTT
LSU Fan
baton rouge
Member since Sep 2005
25169 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 4:34 pm to Zach)
Zach, I know you like your friend as he is daily dose of Biden like wisdom, but could you please shoot him?
|
| Back to top | |
Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
13454 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 4:49 pm to Zach)
You need better friends. You have MORONS as friends.
|
| Back to top | |
CITWTT
LSU Fan
baton rouge
Member since Sep 2005
25169 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 4:53 pm to Zach)
After reading the latter post I retract my desire for shooting him. Such an endeavor might improve his intellect by a couple of points. 
|
| Back to top | |
Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2404 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 5:04 pm to Zach)
Because owning a house and having $50k in the bank means you can live comfortably for YEARS to come?
|
| Back to top | |
KeyserSoze999
LSU Fan
Member since Dec 2009
1898 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 5:11 pm to Queen)
SS might actually last longer with Obamacare going into full force. People will not be living as long with the rationing and waiting that is about to commence.
|
| Back to top | |
Diamondawg 
Mississippi St. Fan
Mississippi
Member since Oct 2006
8264 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 5:38 pm to KeyserSoze999)
quote:
SS might actually last longer with Obamacare going into full force. People will not be living as long with the rationing and waiting that is about to commence.
That's actually a very good point. That might be offset, however by the mayor of NYC eliminating 16 oz sugar drinks in his city.
|
| Back to top | |
Zach
LSU Fan
Member since May 2005
55376 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 6:34 pm to Fat Bastard)
quote:
You need better friends. You have MORONS as friends.
Most of my friends are smart. But they're not nearly as entertaining as my stupid friends.
|
| Back to top | |
Zach
LSU Fan
Member since May 2005
55376 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 6:44 pm to Diamondawg)
Well, hell. I just read this article in USA Today.
Dick Durbin says SS is fine.
LINK
He and UAW must be getting the same newsletters.
|
| Back to top | |
stat19 
USA Fan
Member since Feb 2011
8313 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 6:48 pm to Zach)
|
| Back to top | |
Diamondawg
Mississippi St. Fan
Mississippi
Member since Oct 2006
8264 posts
| re: "Social Security is in great shape" (Posted on 11/28/12 at 6:51 pm to Zach)
Makes me feel all better
|
| Back to top | |
