Quote:
Originally Posted by TPI Monte SS
Well, that would SUCK!!!!! What would they do with all of our hard-earned $$ that we've paid into that BS over the years? I'm only 34, and have been paying SS taxes for almost 20 years. If I don't get ANY of that money back, I'm gonna be friggin' pissed!!!! And I'm sure I not the only person who feels that way!
|
If I remember correctly, without finding the paper, it's that the increase in how long people live, coupled with the increase in percentage of American's over 65, and the lack of increase in Government pay-ins to SS will result within ten years of more people claiming SS than the SS fund can pay out.
EDIT- I remember one other point. It's that you're paying into a fund at a set rate that doesn't compensate for inflation, so the money you put in 20 years ago, isn't worth the same amount today, so you're in fact LOSING money paying into SS.