The Issue of Social Security in America

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   gmwilliamsposted 5 years ago

   
   Do you believe that individuals, not the government be responsible for their own retirement?  Do you believe that social security as a program should be done away with?

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   1. 73

      Miebakagh57posted 5 years agoin reply to this

      Hello, gm that's absurd. Why should it be done away with? Every employee on engagement is offered a social security pact with the employer whether be it a government agency or private corporation. Why then the need or call to do away with the contract?
      
      Is this not taking too much on your part? So, let sleeping dogs lie, and thanks.

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      1. 94

         wildernessposted 5 years agoin reply to this

         No, workers are not offered a pact with their employer.  Rather, they are REQUIRED to participate in a pact with politicians, wherein they pay money into a retirement account and the politician either takes it for their own purposes or, at best, "borrows" it at the lowest possible interest rate.  There is no fiduciary oversight at all; the funds the government collected to support you in your old age is treated as an open grab bag for government to use.
         
         I'm not against a forced savings, but it should be a savings, controlled by the person who will benefit from it, rather than simply handed to a politician who doesn't care if it grows or withers.

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         1. 73

            Miebakagh57posted 5 years agoin reply to this

            Hello, wilderness, sad to note are the real facts you state here. Actually, employers or government especially is to blame for this development. You fearlessly speak the truth. Thanks, and enjoy the mid-week.

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            1. 94

               wildernessposted 5 years agoin reply to this

               Employers do nothing but gather the required monies from your earnings and forward it to the government as SS taxes.
               
               But many employers offer a second retirement fund - one that the employee controls and cannot be taken by politicians.  In general, if an employee chooses to contribute to that fund they will have far more income as a senior than SS will give them.  Were SS funds invested in at a reasonable return, most people would be a multi, multi millionaire by retirement; instead they must depend on their own and employer plans to have a comfortable retirement.

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               1. 84

                  gmwilliamsposted 5 years agoin reply to this

                  +10000000000000000000000000000000000000000000000000000

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         2. 89

            Will Apseposted 5 years agoin reply to this

            Maybe you need decent governments. That takes a little genuine democracy, of course.
            
            Giving it all away in tax breaks to the rich is not going to work.
            
            Electing billionaire shysters is definitely unhelpful, lol.

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            1. 94

               wildernessposted 5 years agoin reply to this

               We desperately need a decent government, yes.  We need leaders that can work together to produce a better country.  We need leaders that are more concerned about the country than they are themselves.  We need leaders that put America first, not last.
               
               I know, I know.  Always force the few to pay for what the many want but don't want to pay for.  It is the socialist way...a way that produces poverty and violence, and that can be seen in every country that goes down that road too far.

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         3. 86

            Sharlee01posted 5 years agoin reply to this

            So well said, and surprising it appears so many Americans are unaware how their SS funds are misused.

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   2. 86

      Sharlee01posted 5 years agoin reply to this

      In my opinon, it should not be done away with. It should not be a free for all piggybank. American's have paid into it from its conception, and the funds should have been used for what they were created for.  It worked very well for many years, until it became a piggybank...  It's now in trouble due to depleted funds and "go figure" now some want to further burden SS and develop socialized insurance.    Just wonder how we would ever pay for one for all insurance?

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   JAKE Earthshineposted 5 years ago

   
   
   Once again, look no further than the destructive, anti-American topic of this discussion to find out WHY the Major Social Media Sites are now BANNING Clowny McTrump's nationalists:
   
   There is NO ISSUE with social security but be assured, if Bozo Trump and the Communist Russian Loving Republican Congress-persons are allowed to roam the halls of our capitol buildings for much longer with impunity, they will find a way to cripple Social Security and Medicare, the two life-lines of our retired folks:  IMPEACH Now: INDICT Now before it's late:

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   1. 73

      Miebakagh57posted 5 years agoin reply to this

      Sounds convincing.

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      1. 94

         wildernessposted 5 years agoin reply to this

         It IS convincing...until you look behind the claims to find truth.
         
         The SS program is a giant ponzi scheme, using contributions of current members to pay past contributors. 
         
         The SS program is paying out sums that are based not on what was contributed, but on what congress authorizes.  This results in cost of living "increases" that are less than what congress authorizes as an increase in medicaid - in 5 years I have seen my check increase just once, but the cost of living rose every year.
         
         We find increasing numbers of people receiving SS checks that never paid in, or paid in far less than they will receive. 
         
         The SS fund will be empty in just a few years; again a total lack of fiduciary responsibility on the part of Congress, which has consistently "borrowed" from it at the lowest possible interest rather than attempting to find the highest rate of return for that money.
         
         So it sounds really nice to say there is no problem, but the truth is that there is nothing BUT problems.

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