Social Security to start cashing Uncle Sam's IOUs - Page 3

Clodfobble · 03-17-2010, 11:19 PM

Yeah, hopefully. I'm not saying we should get rid of Social Security, I'm saying I'm personally too cynical to count on it.

Spexxvet · 03-18-2010, 07:59 AM

Quote:

Originally Posted by Clodfobble

Yeah, hopefully. I'm not saying we should get rid of Social Security, I'm saying I'm personally too cynical to count on it.

I'm counting on working until I'm about 75. That'll be 3 years after I die.

TheMercenary · 03-18-2010, 11:43 AM

Quote:

Originally Posted by Clodfobble

Yeah, hopefully. I'm not saying we should get rid of Social Security, I'm saying I'm personally too cynical to count on it.

Save now and hope there will be something there, but like you I am not counting on it.

classicman · 03-18-2010, 02:31 PM

You two are the least of the systems worries. At this point I think you are expected to take the attitude that nothing will be there, otherwise there won't be.

TheMercenary · 03-18-2010, 04:03 PM

The problem with that thinking is that I pay a lot of money into it every year, I should get a piece.

Happy Monkey · 03-18-2010, 05:51 PM

You will get a piece, unless you die too soon.

classicman · 03-18-2010, 06:10 PM

just not what you put in - relatively speaking.

Happy Monkey · 03-19-2010, 08:52 AM

If everyone got back what they put in, it would be useless.

Spexxvet · 03-19-2010, 10:09 AM

Quote:

Originally Posted by TheMercenary

Save now and hope there will be something there, but like you I am not counting on it.

Where are you going to save? The stock market, that crashed? The bank, 30 of which have closed in 2010? My mattress, where its value won't increase? If retirement age were increased, and if there were a net worth maximum to recieve SS, there'd be money there when we retire.

Bullitt · 03-19-2010, 10:25 AM

I'm not counting on jack from SS. Started an IRA 5 years ago and fingers crossed that and a fire department pension will see me through the golden years.

Clodfobble · 03-19-2010, 10:33 AM

Quote:

Originally Posted by Spexxvet

The bank, 30 of which have closed in 2010?

You understand that when a bank closes, your deposits are insured up to $250,000, right? If you've got more than that to save, put it in multiple banks.

classicman · 03-19-2010, 11:49 AM

Quote:

Originally Posted by Happy Monkey

If everyone got back what they put in, it would be useless.

You're right we should all get back more, MUCH more than we put in.

piercehawkeye45 · 03-19-2010, 03:00 PM

Quote:

Originally Posted by Bullitt

I'm not counting on jack from SS.

Same here. We got to worry about paying off interest charges as well...

glatt · 03-19-2010, 03:38 PM

I'm not counting on it, but I'm hopeful.

When I was younger, I didn't think it would ever exist for me, and I would have welcomed its termination. But now that I've paid a metric ass ton into the system, I'm more and more interested in keeping the pyramid scheme going.

They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary. That amount would be very nice to get. I wonder if those are in today's dollars or in the future's dollars? I think they say I'm gonna get like $1500 a month. That might not be enough to buy a can of cat food in 30 years when I retire. Hopefully they will adjust for inflation, and I'll get $28,000 a month so I can afford 60 cans of cat food each month.

TheMercenary · 03-19-2010, 09:01 PM

Quote:

Originally Posted by glatt

They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary.

Propafuckingganda...

There is no way that money will be there like they say it will.

03-17-2010, 11:19 PM	#31
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Yeah, hopefully. I'm not saying we should get rid of Social Security, I'm saying I'm personally too cynical to count on it. __________________ My book My other book My spirit animal

03-18-2010, 02:31 PM	#34
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	You two are the least of the systems worries. At this point I think you are expected to take the attitude that nothing will be there, otherwise there won't be. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-18-2010, 05:51 PM	#36
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	You will get a piece, unless you die too soon. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

03-18-2010, 06:10 PM	#37
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	just not what you put in - relatively speaking. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-19-2010, 08:52 AM	#38
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	If everyone got back what they put in, it would be useless. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

03-18-2010, 04:03 PM	#35
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	The problem with that thinking is that I pay a lot of money into it every year, I should get a piece.

03-19-2010, 10:25 AM	#40
Bullitt This is a fully functional babe lair Join Date: Mar 2004 Location: Akron, OH Posts: 2,324	I'm not counting on jack from SS. Started an IRA 5 years ago and fingers crossed that and a fire department pension will see me through the golden years. __________________ Kiss my white Irish ass.

03-19-2010, 03:38 PM	#44
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I'm not counting on it, but I'm hopeful. When I was younger, I didn't think it would ever exist for me, and I would have welcomed its termination. But now that I've paid a metric ass ton into the system, I'm more and more interested in keeping the pyramid scheme going. They send out those little annual reports about what your payments will be at age 72 if you continue earning your current salary. That amount would be very nice to get. I wonder if those are in today's dollars or in the future's dollars? I think they say I'm gonna get like $1500 a month. That might not be enough to buy a can of cat food in 30 years when I retire. Hopefully they will adjust for inflation, and I'll get $28,000 a month so I can afford 60 cans of cat food each month.

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