PZG1225 wrote:
I also agree with Dummy....was beginning to wonder if he could respond without vitriol. Good job DB! And I'm not being sarcastic! :thumbup: :thumbup:
Well, just stick it out. He and I worked for the government, therefore we have some skin in the game.
S.S. benefits are not really a right (even if you have paid into the system), in that they CAN change the rules. Under Reagan, rules were changed to create solvency, since it was at incredible risk of insolvency. I think if no one had objected, it probably would have been dissolved. It was created during a time that we really needed to make sure that for those who couldn't save that they at least had a revenue stream. Really, if it had been up to Reagan he probably would have started weening people off of it and forced everyone into 401K or 403b plans instead SSA benefits. It was clear, which is ACCURATELY stated by many people on this site, that the money is borrowed. I couldn't tell you what amount or deficit is contributed by paying to service the debt for the SSA, but the borrowers (the various departments) pay 4% interest on the money.
If you look at municipal liabilities such as the entire state of Illinois,
-- City of Hillview, Ky.
-- City of Detroit, Mich.
-- City of San Bernardino, Calif.
-- City of Stockton, Calif.
-- Jefferson County, Ala.
-- City of Central Falls, R.I.
Who created unrealistic or fictitious investment returns, it is no wonder that the white house pumped tons of money into the stock market.
The picture becomes quite clear. I understand that public servants such as police and firefighters have a dangerous job, but making gobs of money upon retirement isn't fair to the taxpayer. I didn't make gobs of money when I was in the Navy, why should public servants hold cities hostage for better pay?