General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFor us future retirees, Social Security will only be coffee money.
It will not be a the safety net we expected.
We have paid into this program for 40 or more years and the rich fuckers need it worse than we do.
RomneyLies
(3,333 posts)ananda
(28,858 posts)Your sig..
WCGreen
(45,558 posts)Cleita
(75,480 posts)had reached retirement age and saw their retirement plundered bit by bit by the Fed and Wall Street.
RomneyLies
(3,333 posts)Here I am about 36 years later and they are even going to steal that from me, and I had been planning on holding out until 67 to retire.
And you know that they're going to go further. They threw Chained CPI on the table, so now Social Security is there and cannot be taken away. Boner has indicated there will be no deal and all that he's offering is Plan B, so we're going over the cliff.
When a new Congress is seated on January 3, Chained CPI IS THE STARTING POINT!
The end result of the post cliff negotiations will be too horrible to even contemplate.
JDPriestly
(57,936 posts)but they won't hire you, and if you have a job, they will fire you as soon as they can find someone to replace you.
They just want us dead. That's what they want.
valerief
(53,235 posts)bigwillq
(72,790 posts)It's your fault that you didn't save up enough money on your own, don'tcha know.
roguevalley
(40,656 posts)WCGreen
(45,558 posts)spend trillions of dollars fighting worthless wars.
closeupready
(29,503 posts)It's parasitical.
davekriss
(4,616 posts)Poll_Blind
(23,864 posts)PB
RomneyLies
(3,333 posts)During Leap years.
After the first frost.
Poll_Blind
(23,864 posts)PB
bongbong
(5,436 posts)No more frost - since the billionaires caused Climate Change.
leftstreet
(36,106 posts)I'm assuming that's what this is all about
Cut the funding from public programs then sing the rescue praises of 'private enterprise'
Who knew the Democrats were actually planning to help the GOP all along
gollygee
(22,336 posts)For schools, or really anything public.
Destroy it so that privatizing it looks good.
It's all about turning it into something intended to create profit for rich people rather than something intended to help us.
RomneyLies
(3,333 posts)and leaving the middle class with nothing.
And we'll have no choice but to pay into the privatized retirement system where you lose everything.
democrattotheend
(11,605 posts)I would much rather have retirement savings in my own name than have my retirement in the hands of politicians who can cut benefits whenever they want.
The problem is, letting just younger workers invest in private accounts now would mean even less is there for older people who have paid in.
Rider3
(919 posts)Where else will we be able to go?
kenny blankenship
(15,689 posts)They'll need your SS money to create jobs. They'll need it -all of it- to create the two or three jobs you'll have to hold down into your 70s, since Social Security won't be there for you anymore. Here they are, trying to help you out with some honest work for honest competitive wages that any Burmese or Zimbabwean senior would be GLAD to have, and some at this site actually want to complain about that! Where is the gratitude? What happened to shame? When did we become a nation of septuagenarian lollygaggers?
Get back to work, you diaper wearing hippies!
doc03
(35,325 posts)coffee money. My mother passed away this last May if not for a government rent subsidy and Medicaid she wouldn't have had enough money left for even coffee.
democrattotheend
(11,605 posts)Considering those who say nothing needs to be done argue that the system is solvent until 2036, at which point I will be in my early 50's, I don't expect a dime from it. I just hope it stays solvent enough to provide something to my parents.
davekriss
(4,616 posts)pa28
(6,145 posts)Social Security is working exactly as the Greenspan commission envisioned. There is NOTHING wrong with the program and absolutely no reason to cut.
I've got 30 more years of paying into the system in front of me and now I see the door has been opened to further cuts with the Minority Leader and the President giving the third rail a bear hug.
If our Democrats can't defend something as fundamental to our values as Social Security private accounts begin to look more attractive to those of us with decades of contributions yet to make. Without trust the concept does not work and my trust level is shrinking daily.
JDPriestly
(57,936 posts)One parent lost his job a few years ago and, although he tried, could not get another one.
The other parent could not work.
The parent who lost his job was diagnosed with a serious cancer. He had to have surgery, and afterward, the medications necessary to keep him alive cost thousands of dollars each month (really).
Meanwhile, the parents' house, upon which they had taken a second mortgage, fell under water in the housing crash.
All this happened to the parents when the parents were in their 50s before they were eligible for Social Security. Of course, since the one with cancer had no decent health insurance and they had no money, they had to go on Medicaid. Now they can't take Social Security until the parent in need of healthcare is eligible for Medicare.
And these two young people are trying to support their parents.
Young people had better understand that a lot of states require children, grown children, to support their indigent parents. I don't know if that is the case in California, but it certainly was the case here in the late 1990s. So, you can't just think about saving your own retirement. You could be on the hook for your parents' retirement if Social Security and Medicare are underfunded.
As it is, nursing home care is not really adequately funded. If your parents have to go into nursing homes, you could have a big problem.
OldDem2012
(3,526 posts)MotherPetrie
(3,145 posts)OldDem2012
(3,526 posts)....but hey, if it floats your boat, good.
onethatcares
(16,166 posts)you know, the one where Social Security is saved by the Democratic Party because they are the party of labor, and liberals and free thinkers that would never put the safety net at risk.
I'm sorry but I'm fucking tired after working for 45 years outside banging nails, carrying plywood and doing all that shit that most people think is for idiots.
I want what I contributed to. If all this was great for the masses our senators and congress people would be falling all over themselves to get into our system instead of the great one they have.
theaocp
(4,236 posts)any sunny sky versions so far. It's just the wait-until-it's-too-late versions. Maybe wait-and-hope for short. Aren't we supposed to hold the feet to the fire?
OldDem2012
(3,526 posts)....Oh, wait....
valerief
(53,235 posts)blkmusclmachine
(16,149 posts)FiveGoodMen
(20,018 posts)Between the "I got mine, fuck the rest of you" posts, and the gajillion-dimensional-chess posts, I think we're screwed by our own side.
RC
(25,592 posts)They just say they are, or sometimes think they are, but they are not really. Anyone that goes along with the cretins to the Right, are not on our side.
valerief
(53,235 posts)FiveGoodMen
(20,018 posts)What chance have we got?
JEB
(4,748 posts)of the fatass soldout Reps and senators. The park bench is too good of a retirement plan for those useless fucks.
LiberalArkie
(15,715 posts)make it to 66. I won't live that long. No pension just a 600 sq ft house that I built with my own hands and paid for and the SS check.. Oh well.
llmart
(15,536 posts)it already is
MissB
(15,806 posts)4_TN_TITANS
(2,977 posts)The goal is to force you to pump more money into the private Wall Street investments because you know SS will be just coffee money. Sucks even more for those of us who have paid into it for 26 years or more.
liberal N proud
(60,334 posts)They are taking pensions away leaving everything to the stock market.