Article

2013-06-04 Government

Social Security Faces $9.6T in Unfunded Liabilities--$83,894 Per Household

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Posted by DarthVader 2013-06-04 12:00|| || Front Page|| [3 views ] Top

#1 Just borrow it from China. /sarc

Posted by DarthVader 2013-06-04 12:00|| 2013-06-04 12:00|| Front Page Top

#2 Social Security Disability, the new welfare.

Posted by Besoeker 2013-06-04 12:12|| 2013-06-04 12:12|| Front Page Top

#3 I do laugh when I hear folks say 'Social Security is fully funded'. When I say that the same people collecting checks are the same ones who owe on the IOU's they stare blankly into my face.

Posted by airandee 2013-06-04 12:46|| 2013-06-04 12:46|| Front Page Top

#4 Not really.

They've just sold 40% of their own children off.

Why should they care if their kids are in poverty?

Posted by Bright Pebbles 2013-06-04 13:39|| 2013-06-04 13:39|| Front Page Top

#5 Gee, maybe if I'd had a chance to save and invest all my "contributions" to SocSec over the last 50 years I wouldn't need to collect now. Without SS my income would take a significant hit.

All that saving and investing that I did do would probably allow me to survive but after losing ~20% in 2008 it would be real snug.

If SS is to stay solvent how about all gov't employees (and other non-contributors) have their current pension funds rolled into SS on the basis of what they WOULD have been contributing all along. That infusion of cash ought to help. And I don't just mean the feds. How many state and local gov't employees (yes I mean teachers) haven't had to pony up?

Posted by AlanC 2013-06-04 13:56|| 2013-06-04 13:56|| Front Page Top

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