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Social Security in 2022 - pays out more than takes in

Posted on 4/28/18 at 12:30 am
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 4/28/18 at 12:30 am
And neither political party thinks there is a problem.

Will we simply add the shortfalls to the annual trillion dollar deficit?
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34729 posts
Posted on 4/28/18 at 12:40 am to
And Bernie would have us increase it 10 fold
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69295 posts
Posted on 4/28/18 at 12:53 am to
quote:

Too bad there isn't some source of human capital just across the border ready, willing, and eager to work and pay social security taxes, thus solving the problem of the declining birth rate in the U.S. and the concurrent massive retirement of the baby boom generation.
We stopped letting legal mexicans in? Link?
Posted by GooseSix
Member since Jun 2012
19520 posts
Posted on 4/28/18 at 12:55 am to
Better get to work..
Posted by DrunkerThanThou
Unfortunately Mississippi
Member since Feb 2013
2846 posts
Posted on 4/28/18 at 1:02 am to
Let’s ask Europe how that strategy panned out
Posted by HempHead
Big Sky Country
Member since Mar 2011
55448 posts
Posted on 4/28/18 at 1:03 am to
quote:

Too bad there isn't some source of human capital just across the border ready, willing, and eager to work and pay social security taxes, thus solving the problem of the declining birth rate in the U.S. and the concurrent massive retirement of the baby boom generation.



It's like a Ponzi scheme, but with people!
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69295 posts
Posted on 4/28/18 at 1:17 am to
I think it is ridiculous to argue that social security funding is a sufficient reason to expand immigration.

Get displaced manufacturing workers into other professions. We have 7 million job openings in America and millions of working age adults who are out of labor force because they have up.

That's another way to save social security.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69295 posts
Posted on 4/28/18 at 1:44 am to
quote:

It isn't just Social Security that is in jeopardy as a result of the decline in birth rates. It is also GDP. Consumer spending.And the ability of the U.S. to compete globally. Look at what happened to the economy of Japan as a result of the plummet in the birth rate in Japan.


There is not a consensus correlation between population growth and economic performance.

German and Scandinavian birth rates have fallen pretty hard and their economies seem to be on stable, firm ground.
Posted by TBoy
Kalamazoo
Member since Dec 2007
23704 posts
Posted on 4/28/18 at 2:24 am to
Al Gore proposed using the annual budget surplus to shore up social security because we all know this was coming with baby boomers retirement. He made it a central part of his campaign. But GW Bush won and threw the money away. So here we are with republicans facing reality and wondering what to do.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 4/28/18 at 2:40 am to
quote:

Too bad there isn't some source of human capital just across the border ready, willing, and eager to work and pay social security taxes, thus solving the problem of the declining birth rate in the U.S. and the concurrent massive retirement of the baby boom generation.



Quit paying able bodied foljks to do nothing all day and this problem resolves itself with all the folks you describe staying put just where they are.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
9914 posts
Posted on 4/28/18 at 3:01 am to
This is why unneeded immigration and bs refugee imports must end. We need to reduce the human foot print in this country by 20% as it currently stands.
Posted by TenWheelsForJesus
Member since Jan 2018
6493 posts
Posted on 4/28/18 at 3:50 am to
quote:

Look at what happened to the economy of Japan as a result of the plummet in the birth rate in Japan.


It's absolutely horrible how their GDP per capita keeps increasing.



quote:

DeadFish


Posted by llfshoals
Member since Nov 2010
15413 posts
Posted on 4/28/18 at 4:56 am to
quote:

Al Gore proposed using the annual budget surplus to shore up social security because we all know this was coming with baby boomers retirement. He made it a central part of his campaign. But GW Bush won and threw the money away. So here we are with republicans facing reality and wondering what to do.
Reality is the government hasn't had a surplus since 1957.

Posted by Paul B Ammer
The Mecca of Tuscaloosa
Member since Jul 2017
2423 posts
Posted on 4/28/18 at 5:17 am to
quote:

Too bad there isn't some source of human capital just across the boarder


Canada?


One would think America quite had its fill of Seth Rogen.
Posted by TJGator1215
FL/TN
Member since Sep 2011
14174 posts
Posted on 4/28/18 at 5:36 am to
Wrong:
quote:

In fact, the government has recorded budget surpluses in only five years since 1969, most of them under Democratic President Bill Clinton.

 In all-too rare times when revenue equals spending, the budget is called “balanced.” 



LINK

The best thing to do is end SS, slash medicaid/medicare eventually ending it, close close down Nasa, reconfigure SNAP to include less junk and cut the military budget by 80% and end corporate welfare.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 4/28/18 at 5:38 am to
quote:

cut the military budget by 80%


You really think that’s feasible?
Posted by Revelator
Member since Nov 2008
57949 posts
Posted on 4/28/18 at 6:03 am to
quote:

Too bad there isn't some source of human capital just across the border ready, willing, and eager to work and pay social security taxes, thus solving the problem of the declining birth rate in the U.S. and the concurrent massive retirement of the baby boom generation.



Too bad American's are murdering their babies in the womb, because they could have grown up, joined the workforce and paid taxes.
Posted by Tigers0891
Baton Rouge
Member since Aug 2017
6564 posts
Posted on 4/28/18 at 6:27 am to
Typical liberal. Consider humans as "capital". And ignorant enough to think that capital will immigrate legally and actually pay into social security.
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 4/28/18 at 6:28 am to
If you are under 50, by the time you retire there will be no social security or Medicare for you.

Plan accordingly.
Posted by CamdenTiger
Member since Aug 2009
62435 posts
Posted on 4/28/18 at 6:30 am to
Well, at least when the Government steals from Social Security, they’ll be using it to pay for Social Security????
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