When watching some boob on the boob tube saying this is the worst recovery from a recession since 1949 I can't help thinking we have the lowest inflation rate from a recovery since 1949 and that's a good thing.
We have foreign competition and if you believe in the free market that's a good thing.
Oh and judging from the current political discorce were afraid of competition in the world market place.
At one time there were six workers for every retire can't collecting Social Security, now there are only three, soon too be only two and a half. That too should be irrelevant after all the excess money went into buying bonds. And after the bonds are no longer there, we just have to remove the cap on income and the money for my daughter's Social Security should be there.
Showing posts with label Social Security.. Show all posts
Showing posts with label Social Security.. Show all posts
Saturday, October 29, 2016
Saturday, April 27, 2013
Steve's Barking at what I learned on how to protect Social Security from the last five years
Social Security as we know it is in deep trouble!
I know that the trust funds is solid till the year 2033. That is unless the know nothing's get a bigger voice at the table. The know nothing's being those Chicken Little's who keep screaming the Social Security trust fund has no money in it and that it's bankrupt. I'm not going to get into the argument that this is totally wrong and if the government can't the special Social Security bonds off then it shouldn't pay any bonds off. If those know nothing's keep talking that there is no money to pay off too the bonds enough times and there given credence then as sure as President Obama is president then people will start to think that they will not get there Social Security checks.
The American public should make the choice as to have Social Security pay only 75 percent of what's
was promised to as a payout at retirement when they started working or end the cap of wages that are taxed for Social Security.
How can the American people make that choice? Through e-mails, letter writing to their congress persons telling them that they want either the vanilla choice reduction of payouts to 75 percent or the chocolate choice of ending the cap on tax of worked income and there by getting a hundred percent of the promise.
The American People should have many choices too fix Social Security as long as it's chocolate or vanilla.
Why should we shouldn't put off this decision, thing sequester.
Why only two ideas. Too many ideas nothing gets done and if is done it generally the stupidest one.
Think Obama Care or as I like to call it camel care.(A camel is a house drawn up by committee).
Giving too many ideas only helps those who want to confuse the issue.
I know that the trust funds is solid till the year 2033. That is unless the know nothing's get a bigger voice at the table. The know nothing's being those Chicken Little's who keep screaming the Social Security trust fund has no money in it and that it's bankrupt. I'm not going to get into the argument that this is totally wrong and if the government can't the special Social Security bonds off then it shouldn't pay any bonds off. If those know nothing's keep talking that there is no money to pay off too the bonds enough times and there given credence then as sure as President Obama is president then people will start to think that they will not get there Social Security checks.
The American public should make the choice as to have Social Security pay only 75 percent of what's
was promised to as a payout at retirement when they started working or end the cap of wages that are taxed for Social Security.
How can the American people make that choice? Through e-mails, letter writing to their congress persons telling them that they want either the vanilla choice reduction of payouts to 75 percent or the chocolate choice of ending the cap on tax of worked income and there by getting a hundred percent of the promise.
The American People should have many choices too fix Social Security as long as it's chocolate or vanilla.
Why should we shouldn't put off this decision, thing sequester.
Why only two ideas. Too many ideas nothing gets done and if is done it generally the stupidest one.
Think Obama Care or as I like to call it camel care.(A camel is a house drawn up by committee).
Giving too many ideas only helps those who want to confuse the issue.
Monday, January 28, 2013
Steve's barking so ya think ya can do better then Social Security
For those who think they can do better then Social Security if you had the money to invest instead of giving it to the government's annuity program that pays a cola, compare it to your 401 K and if you don't have one check with you uncle, aunt or cousin who have one. If the 401 k puts a side 13% of the salary and when you retire you can be getting more then the 8 to 22,000 a year then you might be right.
If only this statement would put an end to those stupid statements that claim how bad an investment Social Security is as an investment and you would be better off if you invested on your own (claiming that if you invested in government bonds with compounding you would be better off (The math along with the yields don't add up).
A look at the 401 K is one way of looking if a person could do better if they invested the money that was taken out of a workers check. It could get complicated because 13% is not the average one puts into a 401 K.
The formulas is something for math geeks to work on.
If only this statement would put an end to those stupid statements that claim how bad an investment Social Security is as an investment and you would be better off if you invested on your own (claiming that if you invested in government bonds with compounding you would be better off (The math along with the yields don't add up).
A look at the 401 K is one way of looking if a person could do better if they invested the money that was taken out of a workers check. It could get complicated because 13% is not the average one puts into a 401 K.
The formulas is something for math geeks to work on.
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