Re: The SS funding crisis, and possible push back options..


"phil scott" <phil@xxxxxxxxxxxxx> wrote in message news:1183517037.124400.168630@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Jul 3, 4:30 pm, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> wrote:
"phil scott" <p...@xxxxxxxxxxxxx> wrote in message

news:1183431269.863849.3180@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

> On Jul 2, 7:36 pm, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> wrote:
>> Yes they will, at least in the short run....

> Thanks jerry,

> You know that google clips the original post so your answer is a bit
> vague, as I understand you on this issue, it is your opinion that in
> the short run you think the govt will pay a dividend on the pay out
> amount if a person forgoes collecting past age 70... that would be
> good news for me.

In the short run, the government will not renege on the promises made. In
the long run, they "must" renege on the promises made to those who are still
not collecting Social Security, simply because they have made promises they
cannot possibly meet. So, whether you receive "all" of the benefits they
now have promised, really depends on how old you are now....



> I think they will do that also, in the short run at least until about
> 40 million of us baby boomers die off.

I would think that real crunch will come about "when" the baby boomers
become eligible for Social Security benefits. I suppose that if they can
survive that "bumb" in the demographics, then they have just avoided, once
again, doing anything to permanently fix the funding shortfall.



I would think that real crunch will come about "when" the baby boomers
become eligible for Social Security benefits.

thats now of course, 50 million within the next 4 years, 75 million
more than we have today within 8 years. with no visible means of
support and US jobs and industry, our golden goose so to speak being
offshored at warp speed.

What "may be" outsourced is not the issue. The issue is, can people get jobs. The answer to that question is, people can get jobs.

Ive heard some of our civil servants say 'but We will be here paying
taxes' amazing isnt it.

Everyone, who works for some organization are the ones paying the taxes. Unemployed people, and people who do not work, do not pay taxes. People who work the economic underground are also not paying taxes, nor contributing to social security, nor any of the other things that government expects those who work in the above ground economy pay.

I think retroactive means testing will be used to deny benefits to
people with a home they can borrow on etc... and that medicare will be
deducted from the value of the home when its sold...that would be
viable for govt at least. there must be some way to take care of
the civil servants after all ...police and fire etc, within the last 6
years are retiring at 5 to 10x the private sector at $100,000 to
$150,000 a year (90 to 100% of last years salary, but they spike it as
others take workmans comp time off so the last year guys get double
and triple overtime...thats been in the SF, LA, SanDiego and Marin
county news papers in the last 5 years, but is largely stifled after
that by the civil 'service' unions and their interests.

I have no idea how they are going to solve the funding shortfall, but I am sure they will eventually figure out a way to at least find a way to solve the problem, at least for the short term (not likely that they will ever propose a permanent solution to the problem).

.

Relevant Pages

  • Re: Record deficit expected in 2009
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  • Promises! Promises!
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