CardFan67

Which of the following best describes the financial situation of Social Security today?

CardFan67

Kind of a played topic I guess, but it was a topic of discussion over the weekend with some family members, and I was not able to do much net browsing this weekend... So I polled what was the only topic I had... They'll get better, I hope...

DjaugheOld

lol...its a solid topic - but alot of folks have to get over the 'mondays' first.

CardLogic

Define crisis and then I'll respond to the poll.

No question the financial state of SS is at minimum in serious trouble, depending upon definition perhaps crisis! If not addressed and modified SS will not be able to meet it's committments. Fact is, the longer we (i.e. - U.S. citizenry in general, U.S. Congress in particular) argue about the extent of the problem and delay in pursuing a remedy the more significant the problem becomes.

__________________

"...fools and fanatics are always so certain of themselves, but wiser people so full of doubts." - Bertrand Russell

"Get your facts first, and then you can distort them as much as you please."
-Samuel Langhorne Clemens (Mark Twain)

Brian in Mesa

It either needs to go away or the age limit needs to be raised since people are living longer.

It was set up to help those who lived longer than the life expectancy rates of the time.

It was never intended to be something you cashed in on as retirement income.

__________________
HONEY BADGER DON'T CARE

Chaz

Not quite a "crisis" yet but it is clear that the program is in trouble.


It is flawed to begin with. I am not sure how long it will last.

CaptTurbo

Our generation wont get it. That is a fact.

A communist ideal in a democracy is bound to fail. Especially when soley dependant upon reasonable economic intelligence. Something neither the left nor the right has.

CardFan67

Main Entry: cri·sis
Pronunciation: 'krI-s&s
Function: noun
Inflected Form(s): plural cri·ses /'krI-"sEz/
Etymology: Middle English, from Latin, from Greek krisis, literally, decision, from krinein to decide -- more at CERTAIN
a : an unstable or crucial time or state of affairs in which a decisive change is impending; especially : one with the distinct possibility of a highly undesirable outcome <a financial crisis>

GreenCard

swd,your generation does'nt really want it.At least the really dumb ones don't.The smart ones are thinking how much easier to plan for retirement with SS involved.

CaptTurbo

I wont need it, but Im not asking not to get it. Ill take every dollar available.

The baby boomers will suck it dry and we will have paid in but not get back.

AzCards21

I tend to think only the really dumb think there will be anything left to draw at all.

CardFan67

I don't think any of it is "dumb"... That is another one of those words I find to be overly harsh and probably should not be used too frequently... hopeful would probably be the correct term... I doubt I will be able to draw on it myself, and I am no spring chicken, but I certainly am hopeful that there will be something in there, at least as much as I have put in...

I wish they would just give me what I put in and let me invest it myself... (there goes that hopeful in place of dumb again - because that wish is "hopeful" to say the least)

AzCards21

That's exactly what I want. It'll never happen but one could be "optomistically foolish" (hows that!? lol!).

GreenCard

If you guys think education is expensive,try ignorance.

AzCards21

Better yet, try living off the BS the government is feeding you.