our government is broken and it can not be fixed

Sorry KOAJ, but even the most diehard extreme right wingers i know who hate govt, dont even remotely have the same thoughts as you.

You have got to be a product of some whacked out internet blogs, because your ideas are not what a civilized society like ours is about.

I dont understand, since you have no kids and you hate it here so bad, why havent you packed up and moved out of the country to one where you wont have to deal with or pay for the things you hate so much? You must realize America, does indeed benefit you or else you would be gone. If you havent realized by now, that in order for us to have the type of country we have, it takes money to run and that money isnt just gonna come out of the sky, the people living in the country have to for that.

You need to forgot about how it was in 1776 with a population of 13 million. Our 300 million people dont want to live like that.

Also you still havent addressed why are you paying for medical insurance, when you arent forced to take it?  And please dont use the tax benefit line, because that only helps you so much. You would do alot better just not paying for health insurance, so why are you sending that money in?  You complain about it, but you arent doing anything about it.

Far as pensions go, you will never get it and understand it, until the day you get a job that gives you one. Its a benefit of the job. Instead of the employer paying the employee 20 bucks an hour, he pays them 15 bucks an hour and gives them the pension benefit instead.

And like Wallstreet , said, pension systems have just been underfunded and they also got to stop letting workers pad their pensions. Fix those 2 things and pensions would be just fine.

Everything isnt a ponzi scheme, thats just the talking heads telling you that bullshit

Ponzi scheme is paying old investors with new investor's money right?  Not investing the money to grow,  just using it and paying off old investors?  

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.

Is it just because it is widely accepted not to be a "Fraudulent investment"? 

rick,

I would say that the "fraudulent" use of the funds. 

Is it not still on track to be putting out more than it takes in?  or is that another "white man's" lie? 

rick,

@#33

If I am funding my future SS, should I not also have the choice how to do that?
IE privatize social security

By doing that, wouldn't I only run the risk of defrauding only myself

Rick, if the politicians never took money out of SS for other things, there was enough money in SS to last another 100 years without changing anything. Pretty good for a ponzi scheme. Really so sick of hearing ponzi scheme and unsustainable from the talking goofballs on tv. They just beat some words to death, until they are entrenched in regular folks heads.
Maybe they should start chanting overseas labor or no import tax for American companies making their products overseas.

Also Rick, if employers didnt offer pensions to employees, they would have to pay more per hour for the jobs. Pensions are just a trade off and maybe when you finally get that cops job you said you were gonna go after, your tune will change.

If they ever privatized ss, the majority of people wouldnt save shit and when they got older, the govt  {us} would still have to take care of them, so in reality, its way better off to just keep it the way it is, that way, you know you will have a check when you get older. And yes they will fix the system, so dont get your panties in an uproar

I don't see where privatized SS would leave the majority of the people flat out broke ...wasn't Bushs plan to only privatize a portion ...?

@#37

I can see your point.
When I set privatize, I probably did not use the right word.

What I would like is still for a mandatory deduction, but I get to choose where it is invested.
Apple?
Gold?
US treasury bills?
Or even go the old fashion way, let Uncle sam hold it for me.

Where I can see it being called a ponzi scheme is to the young people.

Those that are ready to collect social security may have worked and contributed since they were 15 years old.

Now 50 years later they are ready to collect....

Todays 15 year old may have to work 60 or more years to collect

Trust me Rick, am blaming both parties for raiding SS for their own pet bullshit projects. SS should have never been able to be used for anything other then what it was designed to be used for.
The structure of the system isnt a ponzi scheme, for the simple fact that there is always going to be people paying into the system, because its highly unlikely our population is going to go backwards.

Another group that has contributed to ruining a pretty decent system besides the politicians robbing it like it was their own personal piggy bank, is the large corporations, who by moving the job overseas, has reduced the amount of people paying into the system.
If these 2 factors alone were removed from the equation SS would be fine for every generation after generation.

Can we agree that it has devolved into a ponzi scheme?

Privatizing SS will never work, no matter how much some of you want to believe thats the answer. Apply a little common sense with some street smarts and you will be able to realize all the bad things that would happen.
They just need to stop raiding the fund as a first step towards fixing it.

telling them to stop raiding the fund ... LOLOLOLOL  talk about addicts.... those pols on both sides spend spend spend always spend because they make more money and it costs them nothing and they get more votes.....

never ending.....been going on for a long time and now it is coming to the tipping point. 

this summer should see a lot of action....

SS is a ponzi that has collapsed in part because the fund was plundered, and mostly because of demographics and inflation. SS pays out more money than they take in.  B

blame the baby boomers, they are the ones that didn't want to have enough children to keep the scam going

 

Be, your post is pure bullshit and totally not true. you keep blaming the baby boomers, but the fact is, they didnt destroy the fund. The politicians are the ones who destroyed it, by constantly pulling money out of it, to use on other shit. If they didnt touch it, that fund would have lasted another 100 years easily, without changing one thing to it.

Also wouldnt your parents be baby boomers? Dont you have any friends or other relatives who collect SS?  Do you bitch at them about it?

 

 

One other thing, you still never addressed my health insurance question. Whya re you paying 6k a year for it, if you dont need it? Your not being forced to take it and dont use the tax thing, because you would make out alot better keeping your 6k in insurance payments and filing your taxes with 6k more income. There is no huge benefit, in using health insurance as a dedcution on your taxes.

cd,

 

They might be partly to blame, but they werent the ones controlling the fund. On top of that, if politicians didnt steal money from the fund and use it for other things, the fund would last well over a 100 more years. So if the fund could last that long, how can you blame the boomers, if the money would have been there. On top of that,the boomers during their working years, had many millions of people with good jobs paying into the system.

I really dont blame the boomers for this mess, the politicians get this one on their backs.

So do you think that the ammt paid in is lesser or greater than the benefits taken out?