Democrats Unveil Changes To House Rules On Debt Ceiling, Ethic

[Randyandyuni 2,682]

That safety net was not the choice of those older people who paid into it for 50+ years, it was a tax against their salary, no choice a tax to provide benefits at a later time, it was the government that chose to raid it to balance the budget, not the unwilling participants, that money was never paid back, there was no interest. That is the truth of social security, it has been stolen, that's why it is running out too quickly. 

[Cyberfx1024 7,978]

3 hours ago, yuna628 said:

That's pretty much it in a nutshell.

And honestly? That's sort of how a lot of Americans seem to think about it too, especially some within the older generation that have enjoyed a safety net. Whenever I tend to have conversations about the situation with older people they get really adamant and angry that their medicare and social security not be cut at the expense of the younger and future generations. As my dad said.... ''well I don't really care about the future and how it will effect the remaining generations because I won't be around''. I remind him that medicare pretty much paid for the burden of all of mom's cancer care (and continues to), and when I'm old, likely this won't be the case. But yeah... that doesn't matter at all, when people don't want to care about life down the road or for others. It's all about what's in it for them now. And yes, the younger generation can be this way too, in the desire to spend more liberally. But at this point... older generations that claimed they were all for fiscal conservatism is pretty much dead. It's all about spendin' and ridin' the wave into the ground.

Exactly this with what @Randyandyuni said as well, it's a combination of both.. What @Randyandyuni said is right that it was a tax for the older generation and it's been there as long as they have been alive. The problem with the older boomer generation in regards to social security running out faster than what it is being paid is because they had this same motto as what @yuna628 said. The older generation has not cared at all about what has happened to the social security fund at all because that generation has the attitude of "it won't happen in my lifetime" and thus hasn't cared about us in the younger generation. 

 

I pretty much has the same exact conversation with my late father as what @yuna628 did with hers back in 2016. I clearly remember it because we talked about how he thought the social security was great because he was on social security at the time and did not understand why us in the younger generation wants to get rid of it. I was working abroad that year and made well over six figures as a contractor and paid in to the Social Security almost $6k for that year. I told him "that there is no reason why I should be paying that much in to it when I will never ever see that money from it". I then went on and told him that 2011 was the first year that social security actually ran a deficit which has gotten worse since then. So said to him that "it would make better sense for me to put that money into a investment account making 5-10% interest a year than to leave it in the social security fund". 

[Boiler 43,595]

Seems Alexandria has a different view.

[Dashinka 23,304]

13 hours ago, Steeleballz said:

 

  The problem with the debt its it's like having a guy who weighs 800 pounds and knows he needs to lose weight. He goes to the doctor and the doctor says follow a strict miserable diet for a year and with a little luck you will be down to 799 pounds. We all know the debt is one of those things that we need to take care of, and that it's going to hurt worse the longer we let it go, but I think a lot of politicians take the approach right now that hopefully they will be dead of old age before the worst hits.

Yep, dump it on the future generations while indoctrinating them into socialism that will just perpetuate the debt.  Maybe we should change the rules to allow the future generations to file lawsuits against these politicians and their families to recover some of the cost/debt they are responsible for.

[TBoneTX 43,250]

14 hours ago, Boiler said:

Seems Alexandria has a different view.

Yes -- Ms Occasional-Cortex will fight it.

Be great to see the Democrats infighting.

[jg121783 3,907]

20 hours ago, Cyberfx1024 said:

Exactly this with what @Randyandyuni said as well, it's a combination of both.. What @Randyandyuni said is right that it was a tax for the older generation and it's been there as long as they have been alive. The problem with the older boomer generation in regards to social security running out faster than what it is being paid is because they had this same motto as what @yuna628 said. The older generation has not cared at all about what has happened to the social security fund at all because that generation has the attitude of "it won't happen in my lifetime" and thus hasn't cared about us in the younger generation. 

 

I pretty much has the same exact conversation with my late father as what @yuna628 did with hers back in 2016. I clearly remember it because we talked about how he thought the social security was great because he was on social security at the time and did not understand why us in the younger generation wants to get rid of it. I was working abroad that year and made well over six figures as a contractor and paid in to the Social Security almost $6k for that year. I told him "that there is no reason why I should be paying that much in to it when I will never ever see that money from it". I then went on and told him that 2011 was the first year that social security actually ran a deficit which has gotten worse since then. So said to him that "it would make better sense for me to put that money into a investment account making 5-10% interest a year than to leave it in the social security fund". 

You would get a better return on your money putting it into a coffee can than paying it into social insecurity. If you want to eat Alpo for your whole retitement relying on social security is a good idea. If you want to eat a little better and pay your bills having a private retirement account is a good idea. I think at this point we should end the social security program for younger people who haven't paid in much and figure out a way to pay something to those nearing retirement and already in retirement. It's a failed program that likely won't be around when I retire anyways and if it is it will pay me a small fraction of what I pay in (same for most others here).

[yuna628 9,533]

1 hour ago, jg121783 said:

You would get a better return on your money putting it into a coffee can than paying it into social insecurity. If you want to eat Alpo for your whole retitement relying on social security is a good idea. If you want to eat a little better and pay your bills having a private retirement account is a good idea. I think at this point we should end the social security program for younger people who haven't paid in much and figure out a way to pay something to those nearing retirement and already in retirement. It's a failed program that likely won't be around when I retire anyways and if it is it will pay me a small fraction of what I pay in (same for most others here).

My dad pretty much doesn't have any retirement funds, as do a lot of elderly people. So it's Alpo that's good enough for him, while also relying on his kids, whenever he comes up short.. but again like I said.. it's the old conversation ''it doesn't matter, I'll be dead and won't have to worry about what happens to you and future generations''.

[Cyberfx1024 7,978]

1 hour ago, yuna628 said:

My dad pretty much doesn't have any retirement funds, as do a lot of elderly people. So it's Alpo that's good enough for him, while also relying on his kids, whenever he comes up short.. but again like I said.. it's the old conversation ''it doesn't matter, I'll be dead and won't have to worry about what happens to you and future generations''.

That was pretty much my father as well. The only exception would be that my father bought houses when he was younger so he lived off of social security, rental income, and my mom's salary from her job. 

[Voice of Reason 10,298]

Social security needs to go away.  Let people invest (or not) their own money for the future.

[Boiler 43,595]

Most people live pay check to pay check, in the past that is why you had lots of children to support you. Not sure how practical that is.

[Voice of Reason 10,298]

4 minutes ago, Boiler said:

Most people live pay check to pay check, in the past that is why you had lots of children to support you. Not sure how practical that is.

Much more practical than the government taking money from you, with the promise of MAYBE getting some of it back one day.  

[Boiler 43,595]

18 minutes ago, Satisfied said:

Much more practical than the government taking money from you, with the promise of MAYBE getting some of it back one day.  

I was thinking more of a World View. Was reading an article about Egypt and them wanting to limit to 2 children as their population has exploded and they do not have the resources to support it.

 

I now live in Colorado, 200 hundred years ago the population was about 8,000 and a lot of the stories from the early settlers comment about hunger,  Colorado is expanding significantly, most food now has to be brought in and we have water issues, building to Kansas is not practical.

[TBoneTX 43,250]

Even if Republicans design a phaseout of Social Security over 50 years, the Democrats will immediately scare current seasoned citizens into thinking that they'll lose their funds right away.

[Dashinka 23,304]

2 hours ago, TBoneTX said:

Even if Republicans design a phaseout of Social Security over 50 years, the Democrats will immediately scare current seasoned citizens into thinking that they'll lose their funds right away.

Didn’t W. propose something way back when that was laughed at?

[Cyberfx1024 7,978]

5 hours ago, Bill & Katya said:

Didn’t W. propose something way back when that was laughed at?

Yeah he did actually that we would replace social security with a 401k type system. It basically went down just like @TBoneTX said it would and thus it was never voted on.