re: Myth- “social security is guaranteed”.

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Boomers did a lot more than beat the Axis powers in WW2. We financed, engineered, designed, and constructed the infrastructure that you use every day. I’m tired of hearing from Gen whatever bitching, moaning, and growning about boomers

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How frickin dumb are you?
Boomers weren’t alive during WWII and were kids when this country’s infrastructure was built

Say you eliminate social security. Then what? There will be tens of millions of people that didn’t save for retirement. How will they survive? That’s right-a government check. They’ll just get social security under a different name, and you’ll probably be taxed more for it.

Myth: Myths are not the figments of human imagination?…

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First of all, social security is not something you “pay into.” If it were, you wouldn’t need younger people to “pay into it” in order to get your check. But you do. Because this is a Ponzi scheme, not a retirement account. What you really mean to say is that your money was stolen from you — which it was — and now you want to steal from younger people to get restitution.

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Hes right you know

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FTR- I supported the Bush 43 plan.

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I did too. We missed a golden oppertunity to do a permenant fix of Social Security with that plan.

But maybe we need to revisit why that "Bush 43 plan" failed.

Does the name Hank Paulson ring a bell? He was the GWB II Treasury Secretary who came running into the Oval Office screaming, "the sky is falling". As in the banks and lending institutions were on the verge of collaspe. So the Bush administraton and Congress quickly came up with a rescue plan called the "Troubled Asset Relief Plan (TARP)". If my memory serves me right the "official cost" of that debacle was around $ 874 billion. But in reality, the unofficial cost was for more than that. It always is with govmint spending. I know I was there watching on television as they scrambled to save the lending institutions with a massive infusion of $$.

So what did the banks and lending institutions fail in the first place? Well we need to go back to the Clinton Administration to answer that. So our pal Bill Clinton and the democrats decided to pass legislation that demanded lending institutions and banks make high risk mortgage loans to minorities. This was so minorities could buy homes anywhere they wanted. Okay, so that's a good thing, right? And they did. The only problem with that? The minorities defaulted on those loans on a massive scale and the Lending Institutions and the Banks were left holding the defaulted mortgage loans. The default was massive and devestating. And the bill for that default came due during the waning moments of the Bush II administration.

Now let's revisit the "Bush 43 Plan". George Bush proposed carving out $ 1.3 trillion dollars to create a fully funded IRA for each American worker. Seemed like a lot of money back then, but pocket change compared to now.

But that "Bush 43 Plan" had no chance of passing because our pal Bill Clinton had destroyed the banking system with his "Mortgage Loans for Minorities" scheme. Therefore the money that could have been used to fund those Retirement IRA's had to go towards bailing out the banks and lending institutions.

Let us not forget my fellow Americans, Social Security is funded by contributions (6.1%) from American workers and contributions (6.1%) from their employers. It is a worker/employer retirement plan. The Social Security "Trust" Fund (hint: it really isn't a trust fund) administers the fund. Now this is the scary part. Those social security receipts do NOT go into a Social Security "Lock Box" (i.e. Trust Fund) they flow into the........(wait for it)......the U.S.Treasury. The Social Trust Fund people simply certify that the money to fund S/S benefits is there. Chew on that.

So what can we deduce from this debacle? Given the chance the mafia democrats will steal the American people blind every single time. Bill Clinton was a smooth talker........and he is also a certifiable crook. But he had a good teacher in Lyndon Johnson. America went on to elect other democrat crooks, namely Barook Hussin Obama and Joe "AutoPen" Biden. But I digress.

You do realize America, unless we figure out a way to pay off this massive debt, Social Security will default and take the entire United States government with it. All thanks to our crooked mafia democrat pals.

President Trump is right about..........everything

(there, I said it)

Robots and AI don’t require social security and they won’t be required to pay into the system- Ponzi scheme so Imagine what will happen when AI and robotics replaces the jobs ….

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And I'm Matt's age, so I'm not saying this from a senior citizen's perspective. I just don't know why he goes down these rabbit holes and tries to sound like some tough guy who's telling it like it is, but making no sense in the process.

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because they need to sell clicks, and they've stumbled upon this notion that generational warfare sells to millennials and gen z. nothing more, nothing less.

you want to know the real bad guys in social security? the greatest generation. the only generation that took far more out of social security than they paid in. every other generation including boomers will take out far less than they paid in. the greatest generation took out so much that in 1994 we had to "fix" social security when bob doyle courageously crossed the isle to fix social security, by cutting it for the boomers and creating a new tax for medicare. i was 33 when that happened we were expecting our first child, does matt not think it occurred to me at 33 that i might like to opt out of the system?

of course it does unless he's just a complete retard, which is possible, after all he's proud that he never went to college. no matt's got subscriptions to sell and a payroll to meet, he's a face in the crowd, lonesome roads



by the way in his real life andy griffith was far closer to lonsome roads than he ever was andy taylor married 3 times.

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Boomers did a lot more than beat the Axis powers in WW2.

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No, it happens on this board every time the topic comes up.

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They sure post like they do.

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Quote the posts then since happens all the time

There are none in this thread but there are multiple boomers taking credit for winning WWII and leading this country through the 50s and 60s

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.a misstep can end up being a hot mess very quickly. Much worse than leaving it alone.

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Because a bunch of boomers - who always claim they are so frugile and so good a managing money will have to then go on welfare

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Quote the posts then since happens all the time

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I don't know who told you that I take orders from you, but the fact that you think that demonstrates how dull you are.

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Because a bunch of boomers - who always claim they are so frugile and so good a managing money will have to then go on welfare

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Well, Boomers would be in the position of having not had all their money to invest. The government took a chunk throughout their lifetimes.

But yes. fricking it up could mean that millions of people would end up on welfare which could potentially be even more costly than SS.

Because when you dismantle SS, you don't just dismantle the payouts. You dismantle the tax too. We'd save $1.6 Trillion in the budget, but we'd also forgo $1.4 Trillion in tax revenue.

Better leave this topic to people with more gray matter than yourself. I don't want to rev your brain into the red or anything.