April 23, 2010

Vent Of The Day

I read this one in this morning's Atlanta Urinal and Constipation.

Hate to break it to you but all of those senior citizen tea baggers are collecting Social Security which means I'm paying their way.

Dude! Those "senior citizen tea baggers" paid into Social Security for a good portion of their lives. They're trying to get back what they put into that ponzi scheme.

I started paying into Social Security when I was seventeen years old and worked a summer job in a steel products factory. I paid into it for over forty years. I'm trying to get my money back. When you count up what I paid and what my employers paid it adds up to over $170K.

Anyway, since you sound like a gummint educated idiot, here's the gummint version. You're not paying for them. It's coming out of the Social Security "trust fund".

Unfortunately, the "trust fund" that Pope Albert I of the Church of AGW wanted to put into a "lock box" is broke. It contains IOU's from the gummint.

Dear Social Security:

We owe you a ton of money.



Look for another bi-partisan gummint commission to "fix" Social Security. If I remember correctly, we have had two of them in the last thirty years. Social Security used to be tax free. To "save" Social Security, the gummint started taxing some of the benefits, something that was never gonna happen when the program was first started. They also raised the payroll tax.

Look for two things to happen in the next ten years. First, they'll raise the payroll tax. Second, they'll make all of the Social Security benefit taxable. It also wouldn't surprise me if they started means testing Social Security.

Of course these recommendations will come from an unelected bi-partisan committee since our politicians are too cowardly to actually do the jobs we elect them to do.


Posted by denny at April 23, 2010 02:54 PM  

Yup, at this point Congress is robbing Peter to pay Peter. We are fucked.

Posted by: kerrcarto on April 23, 2010 03:56 PM

Also, many retired military guys who did 25 or more and then couldn't get a hi-paying job upon retirement 'cause they were "too old" or had no "marketable skills" didn't actually pay much into SocSec and now get a barely adequate pittance, some as low as only a few hundred a month.

A good friend of mine retired as an E-7 with 24, then worked as a salesman for another 20 years. Talked to him 2 years ago, and he said he'd finally gone on Social Security . . . at $690 a month.

Think he said his military retirement check was more than double his social security (like almost $1700), but I can't remember for sure.

Hey, if you got a wife who doesn't work and any kind of bills to pay, you can't survive in some places on less than $2400 before taxes a month.

Utilities, insurance, property taxes, and all that would be damned near a quarter of that . . . BEFORE withholding and sales taxes.

Quite a reward system for 44 years' work. His solution was to move in with his brother-in-law (who wasn't doing much better) and share expenses: one car, one fone, one computer, and so on.

Posted by: bocopro on April 23, 2010 03:56 PM

Just got my statement as to my benefits if I were to retire right now. I have to pick up the full cost of my health & life insurance, which would leave me with a monthly check of about 400 bucks, before taxes. SecSec would pay me maybe another grand, less whatever would come out to cover Medicare and Part D.
It just so happens that if I want to set up my retirement so the survivorship option would pay something to my wife of almost 40 years, she'd get about 450 a month before paying health insurance deductions. I'm guessin' she'd end up having to pay out of pocket for the luxury of keeping coverage.
I do have a few bucks in the TSP, which is the Post Office's version of a 401k, but that took a hit of about 40% with the current economic bump-in-the-road. I ain't whinin', 'cause there're plenty of folks out there who'd love to have even the little bit I'll collect, but I sure don't feel as though I have a gold-plated "Cadillac" Government retirement in my future. Guess I should've gone into politics or teachin', huh?

Posted by: Inbredredneck on April 23, 2010 04:19 PM

Socialist Security robs you during your prime years of money you should be saving for your vulnerable years. This renders you artificially dependent, but that's okay, because the government promises to take care of you. Then they take your money and spend it on boondoggles and give it to their cronies. The "Trust Fund" that politicians swear they are protecting is a file cabinet full of IOUs that the Federal Government owes to itself. When you're old and worn out, you'll find the cupboard is bare. Instead of leading a dignified life with your savings of a lifetime, you'll go begging and pleading to Washington, or maybe you'll stick your head in the oven. And if you try to save the nation and yourself from this catastrophe, you're just like Timothy McVeigh, or maybe you're a fascist or a paid shill.

Posted by: TalkinHorse on April 23, 2010 07:20 PM

Great News From here in AZ

We decided we would do what Washington would not do enforce or LAWS.

Posted by: Greg on April 23, 2010 08:31 PM

Don't know how many times I've heard some younger folks start this same tired 'you're going to be living off what I pay in' BS. I've paid in since 1967, admittedly not much for some of those years when I was first out of school and then the Marine Corps. I plan on retiring next year and starting to draw my SocSec at age 63. It used to bother me some though, being considered a 'drain' on the country. But when I didn't hear many complaints from this group about their earned income credits and medical cards I just started telling them to kiss my ass.

Brings most of their babbling to and end.

Posted by: Joe on April 23, 2010 08:48 PM

$170,000 Denny? That is a conservative number. Just think of what you could have done had they left that money in your pocket. How might you have invested it? What debts might you have paid off earlier? How far would that have gone toward paying off your mortgage?

Isn't it lovely that the gummint created Social Security to save for our retirement? We aren't disciplined enough to plan ahead and save, you know, without dipping into the piggy bank. Better to let the government do it.

Posted by: PeggyU on April 23, 2010 09:36 PM

I started paying in at thirteen when I worked in the school cafeteria. At fifteen I was working construction full time and paying in. I have watched wit hgrowing anger the mismanagement of our nations wealth by a few cronies bent on stealing more and more even though if they stopped making anything today, they could not spend all their ammassed wealth in their remaining life time.
greed, pure and simple.

Posted by: Jeremy on April 23, 2010 10:07 PM

Really pisses me off when I hear that from the little scumbags. I paid max FICA from the time I was 18 until I retired at age 65. For 20 of those years I paid both sides of the FICA, employer and employee since I was a consultant. I don't want to hear that I am living off someone else and because I am a conservative I should be ashamed of taking "entitlements." Sorry, but that is insurance I bought and paid for over the years. Should not even be called entitlements. It is in reality interest payments on money that was extorted from me for almost 50 years.

Posted by: dick on April 23, 2010 11:39 PM

I, like many of the posters above, have paid into Social Security since my first job in 1950 pumping gas and servicing cars at the local Ford dealership in my home town, Cut Bank, Montana. And, like the others, I get extremely pissed when these young idiots try to say they are paying the SS checks we get each month. If brains were dynamite, these fatheads couldn't blow their own noses.

Posted by: Scottiebill on April 24, 2010 02:56 PM

Jeeez . . . and I thot I was old -- hell, in 1950 I was 10.

Posted by: bocopro on April 24, 2010 04:03 PM

In 1950,age10??....Hell I was 9! Where did the time go,Yes! I lived a very full life , but the older I got , the faster it went.

Social Security .... I like most others worked my entire life & still work at my own business as I approach age 69.....voluntarily not forced. My wife did as well so between us, we receive a considerable Social Security benefit over 4K monthly after our Medicare payments. We have other income sources as well because we were smart enough when younger to see rainy days in the future. We live quite well & are a burden to no one.
Others certainly do better then us but....we did better then most.
Do I feel guilty tapping Social Security? No way, even though it is true our children will never have the Social Security benefits we have .....they will have to plan for far more rainy days then we did.....Well, they listened & are doing just that. They will be far ahead of the curve in their older years even more so then we are....at least they listened to that advice.

Posted by: dudley1 on April 24, 2010 06:54 PM

Stop complimenting these cs'ers!

Posted by: Navyvet on April 24, 2010 08:28 PM

They will also raise the retirement age again. If they raise it high enough more people will die before they're eligible to collect--problem solved! I'm not counting on getting anything back at all, that's why I wish they would privatize it. Give me that money--my money--and let me invest it myself. I'm betting I can get a better return than the government is "giving" me.

Posted by: John on April 28, 2010 11:04 PM
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