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Social Security is doing fine, Check out the facts! You deserve a raise in payments!
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Social Security
Social Security is doing fine, Check out the facts! You deserve a raise in payments!
<font face="arial, helvetica, sans-serif" size="1"><div>You worked hard for it. Now talk to others on how to save Social Security.</div></font>
Social Security is talked about as if it is dying , and that is simply not true. In fact , it is doing very well!! Look at the facts on Social S
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8a
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:17f83b76-a805-4002-b497-6dbb421b0b8aDiscussion:cec76709-cd65-4699-b5d9-25a396142d36
Forums » Work & Retirement » Social Security » Social Security is doing fine, Check out the facts! You deserve a raise in payments!
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Social Security is doing fine, Check out the facts! You deserve a raise in payments!
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Social Security is doing fine, Check out the facts! You deserve a raise in payments!
posted at July 17, 2012 4:35 PM EDT
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Posts: 950
First: September 16, 2011 Last: May 23, 2013 |
Social Security is talked about as if it is dying , and that is simply not true. In fact , it is doing very well!! Look at the facts on Social Security:: 1. If the Congress does nothing, the program will still be able to pay out 75% of its benefits up to 2033, two decades away! 2. In one of the worst economic conditions in many decades, the program ran a surplus of $69 billion last year, increasing the trust fund to nearly $2.7 trillion. 3. Social Security is providing benefits to 55 million people today, keeping 20 million people out of poverty; doing what it was designed to do. 4. The current cap on wage income subject to payroll taxes, for this year is $110,100. It can be improved with simple measures: Improve the economy. This will put more people to work and increase the fund. Raise the cap on wage income to $200,000. , at least. Raise the payments to social security recipients, so more of them are able to live out of poverty, Yes, it is time to raise them. Americans who worked hard for this country and its tremendous success deserve to reap the rewards of that success. Check out these facts further: with Michael Hiltzxik from the LA Times: http://articles.latimes.com/2012/apr/25/business/la-fi-hiltzik-20120425 Have you been told these facts, or are you being left in the dark? Are you able to live on the payments you now receive? What ideas do you have to help improve the system? |
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Re: Social Security is doing fine, Check out the facts! You deserve a raise in payments!
posted at July 21, 2012 8:13 AM EDT
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
NO, we don't have to be in an extreme panic about certain parts of the Social Security System - especially the "Old Age" part but remember there are other parts to it too, like the Social Security DISABILITY program. From the 2012 Social Security and Medicare Trust Fund Report released earlier this year - read the whole summary on the Social Security government site "While the combined OASDI program continues to fail the long-range test of close actuarial balance, it does satisfy the test for short-range financial adequacy. The Trustees project that the combined trust fund assets will exceed one year’s projected cost for more than ten years, through 2027. However, the Disability Insurance (DI) program satisfies neither the long-range test nor the short-range test. DI costs have exceeded non-interest income since 2005, and the Trustees project trust fund exhaustion in 2016, two years earlier than projected last year. The DI program faces the most immediate financing shortfall of any of the separate trust funds; thus lawmakers need to act soon to avoid reduced payments to DI beneficiaries four years from now." |
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Re: Social Security is doing fine, Check out the facts! You deserve a raise in payments!
posted at August 12, 2012 11:53 PM EDT
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Posts: 53
First: June 6, 2012 Last: May 9, 2013 |
Unconvinced, syndicated columnist Charles Krauthammer wrote questioning Lew’s assertions. "This [Lew’s] claim is a breathtaking fraud. The pretense is that a flush trust fund will pay retirees for the next 26 years. Lovely, except for one thing: The Social Security trust fund is a fiction. … In other words, the Social Security trust fund contains—nothing |
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Re: Social Security is doing fine, Check out the facts! You deserve a raise in payments!
posted at August 13, 2012 10:38 AM EDT
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: Social Security is doing fine, Check out the facts! You deserve a raise in payments!: Posted by judygram With the current reduction in current employee payroll taxes, at least until this expires at the end of this year, we are already drawing from the general fund to cover these contributions. Some people say this is minor but I'm of the belief that we as a country have to start watching these "minor" expenses to all of us because each minor expense is adding to the overall debt of the country. |
Forums » Work & Retirement » Social Security » Social Security is doing fine, Check out the facts! You deserve a raise in payments!
