Wake up Baby Boomers......you have been filling the coffers of one of the greatest ponzi schemes for the past 30 years. Paying your taxes like good dubies.....in hope that social security and Medicare would be there when you needed it. The Government has been perpetrating the "Madoff" scheme and we all know that SS and Medicare are hurting financially.
So now what do we hear.......The new news is that the new big Obamacare spending bill will actually reduce the budget. That always works in my house....come on Denise, lets spend more and we will actually owe less.....idiots
So how can they tell you this.....read carefully sheep....they are now going to get there by tax increases and 400 billion cut out of MEDICARE. So let's further de-fund the ponzi scheme and take from the people who have paid into this nightmare plan for decades....and then lets give it to the uninsured. Redistribution baby....
Hope you all enjoy cat food.
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BAAAAAAA......
Is math not taught in school? I've been jumping up and down for decades on the SS issues.
SS was/is an important program. When it was introduced, in the 30s, the average life span was about 60ish. Hence that is why 65 was picked. It works the same then as now. A portion of your pay is taxed and the employer pays.
Your benefit at retirement is based on a riduculous calculation having nothing to do with the total you paid in and nothing to do with your life span - it is not actuarialy sound. Only the government can offer this kind of plan. The market place would never offer this type of plan because it does not make sense.
Lastly - I made a calculation - if you paid in for some 30 years, at the maximum, earned a 8% return, when you began payments, in about 30 months you would have recieved all your money, your employer money and the 'interest'.
That gets you to 68ihs - who is paying for your benefit from 68ihs through age 80something?
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