Free Email Newsletter
| Close | Change | YTD | |
| G | $12.7116 | +0.0013 | +3.51% |
| F | $12.1775 | +0.0497 | +2.07% |
| C | $9.4002 | -0.9235 | -43.24% |
| S | $10.4051 | -1.2566 | -47.42% |
| I | $12.2414 | -0.9997 | -50.56% |
| Close | Change | YTD | |
| L 2040 | $11.1768 | -0.8749 | -38.72% |
| L 2030 | $11.4481 | -0.7783 | -34.24% |
| L 2020 | $11.8446 | -0.6618 | -28.86% |
| L 2010 | $13.2444 | -0.3625 | -14.33% |
| L Income | $12.4113 | -0.2200 | -7.86% |
« Previous | Next »
Social Security Board of Trustees: Some Improvement in Long-Range Financing Outlook but Deficits Continue
« Previous | Next »
Home | About Us | FAQ's |
Site Map | Terms of Use |
Privacy Policy |
RSS 
© 2008 FedSmith Inc. All Rights Reserved.
Social Security Investment
DoC
Thu Mar 27, 2008 4:34 PM
Post Reply
There is only one way that _any_ Government program, including Social Security, Medicare, etc., can "invest" in anything - that's via mutual funds, stocks, and bonds, just like the TSP or you or me. Anything else is just a "funny money" paper shuffling game at best, or borrowing from the Chinese (via their purchase of our govt. bonds) at worst. President Bush tried to get Congress to include a very small actual investment program for SS, but the Nation's best interests were put aside for short-term political gamesmanship. "Investing" in IOU's to the Treasury is _not_ investing, it's _borrowing_! Government terminology for anything usually means the opposite! The ultimate non-solution will be, as usual, just to print more money, with the usual disastrous long-term side-effects.
If A Private Company Abused Their Employee's....
DOI
Thu Mar 27, 2008 7:10 PM
Post Reply
If a private company abused their employee's pension fund the way Congress has by lying about, stealing from, and abusing SS, the Government would have fined or otherwise restricted them. But it's okay for Congress to steal from the tax payers?!?!?!?!?
Our Government (President (D) or (R) makes no difference, Congress and the Federal Reserve Bank) will continue to deficit spend and cause the US Dollar to continue to decline in value, WHICH IS THE REAL CAUSE OF INFLATION. And the reason they will do that is because they are absolutely terrified that if they don't continue to INFLATE, the economy will drop into a deflationary mode and collapse. So their ONLY hope is to keep inflating until the US Dollar is no longer "the world's safe haven" as it has been for almost 100 years. When other countries finally turn their backs on the US Dollar, that will be the beginning of the end of US world dominance. BUY GOLD AND SILVER!!!
Shoring Social Security
Federal Government
Sat Mar 29, 2008 11:19 AM
Post Reply
Currently, people stop paying FICA when their salaries/SEI reach $92,000. Collecting FICA on remaining salaries, no matter how high, would make SSA vialble for all time. I don't believe we would ever have to increase retirement age or reduce benefits.
One objection to this is that the higher amounts paid in translate to higher benefit checks at retirement, reducing the savings. However, the curve which reduces the ratio of benefits to salaries as salaries get higher could be used to keep this in check.
A second objection is that higher paid people will be subsidizing the lower paid but, is that not what the system is all about? Retired/disabled people having adequate income paid for by society as a whole.
I will support any national political candidate, presidential candidates in particular, that advocate this change as well as a viable national health care system.
The truth
Social Security Administration
Tue Apr 1, 2008 12:24 PM
Post Reply
Many of us are mere laymen when it comes to running the government or info involving the government. We are suppose to trust our elected officals. DO WE?????
we listen to these folks say this or that, and we just go along with the program provided whether its doom or gloom. We really don't know whether Social security is going down the tubes or not. the folks in governmenrt talk in terms of percentages. we talk in turns of dollars, fifity cent pieces, quarters, dimes, nickels and pennies.
Can you see yourself going into a store and asking for a blank percent of whatever and getting a response that, it will cost you blank %. they talk in percentages because they know we aren't going to ask questions, becauses we don't know what they are talking about. this is called keeping you in the dark. and we are dumb enough to stay there. Its your money they are talking about and here you sit with a dumb look on your face as someone tells you the Social Security is going down the tubes. Right!
scoialsecurity
n/a
Mon Aug 18, 2008 6:39 AM
Post Reply
I can only make $13,500.00 per year while on scoialsecurity. (WHY) It seems like i should be able to make all I can and the taxes i pay off that income,would help pay my own scoialsecurity. This $13,500.00 per year is helping to kill scoialsecurity. Thank you, Elaine Karr