09-09-2003 23:14									#1
	I'm 45. Will Social Security still be around when I'm ready to collect? Support Apolyton, buy Galactic Civilizations

What might I expect? Certainly I'll be collecting after the boomers...will they break the bank and leave me with naught?

-Concerned

	09-09-2003 23:19									#2
	Support Apolyton buy from Amazon

private pension sceme....

	09-09-2003 23:25									#3
	Support Apolyton, buy Galactic Civilizations

Naw, they'll just keep raising the retirement age until you're dead.

I keep getting those statements of what I'll be entitled to and I just laugh.

RAH
I'll be 49 next month.

	09-09-2003 23:25									#4
	Support Apolyton buy from Amazon

S.S. will be gone.

	09-09-2003 23:29									#5
	Yes Support Apolyton or Terrorists Win

Social Security will still exist in some form, but the actual benefit level at that time cannot be predicted.

There is an old programming joke:

I don't know what programming languages they will be using 20 years from now, but I do know that at least one of them will be called FORTRAN.

	09-09-2003 23:34									#6
	Support Apolyton, buy Civilization: The Boardgame

My dad is 58, and they just raised his collection date so that he won't be able to collect any SS until he is 67. Don't matter, really, as he can take care of himself.

Will SS be around when you get there? Don't count on it.

	09-09-2003 23:35									#7
	Support Apolyton or Terrorists Win

I wonder if there will be any way to sue the government for a return of the money you were forced to pay into SS.

	09-09-2003 23:36									#8
	Support Apolyton, pre-order Civilization IV

"Naw, they'll just keep raising the retirement age until you're dead."

Sloww, they have to give something...right?

pchang, old programmer humor eh? What have we come to? I ask you?

I just knew someone would post the words 'private pension scheme', I was just telling my wife, "honey, I'll make this thread and just you watch, someone...etc."

	09-09-2003 23:38									#9
	Browse Apolyton AD-FREE

I'll say this: though I'm not counting on Social Security benifits, and personally feel the whole thing should be scrapped and reorganized, the AARP won't let it go without fighting tooth and nail. Any reform that gets at the heart of the problem (current workers pay for current benifits) will result either in the government having to shape up (HAH!) or the retirees taking a hit (HAH! Not 'till the Boomers have their pound of flesh!).

-Arrian

	09-09-2003 23:42									#10
	Sig line Support Apolyton, buy Civilization: The Boardgame

What do you all think of my sig line?
BTW, it is quite old.

	09-09-2003 23:54									#11
	Get a bigger avatar today!

Seeing how its all gone since it wasn't in a lockbox, looks like the scheme is heading down the shitter. Thanks Bush, and thank you Republicans.

	10-09-2003 00:28									#12
	Browse Apolyton AD-FREE

Lancer, I think we all thought that you were already collecting

	10-09-2003 00:32									#13
	Full PM-box? Change here!

quote: Thanks Bush, and thank you Republicans.

Oh, yeah, it's all our fault

	10-09-2003 00:35									#14
	Increase Your PM Length

quote: Oh, yeah, it's all our fault

Damn right. You are using it to finance your grand campaign.

	10-09-2003 00:36									#15
	Support Apolyton buy from Amazon

I guess in a way it is our fault, we should of cut health care altogether and let the old ppl die!

	10-09-2003 00:37									#16
	Support Apolyton or Terrorists Win

save money! Work hard, why really on handouts in old age? It will never be enough anyway.

	10-09-2003 00:38									#17
	Support Apolyton, buy Civilization 2

How odd. It seems to be a race between you and Social Security to see which one will die first.

	10-09-2003 00:38									#18
	Increase the size of your Attachments

quote: I guess in a way it is our fault, we should of cut health care altogether and let the old ppl die!

Correct, except that you are mistakenly assigning blame for the old people's potential deaths. Death is a fact of life - it's part of nature, and it's not my fault. If someone can afford to pay to get the medical treatment to live longer, then well and good, but if not, it's not as if his or her rights are being violated.

	10-09-2003 00:40									#19
	Support Apolyton, buy GURPS/ Alpha Centauri

It depends no whether or not the Republicans are successful in their scheme to bankrupt the Federal government. If they are, forget it. If not, then you might have something.

	10-09-2003 00:40									#20
	Suffering from ads?

It's unlikely you'll get as much as the current crop of retires at the same age. I saw a public access program last night where senitor Diane Finstein was speaking and she said currently entitlements make up 40% of the US budget and if nothing changes then by 2013 (10 years from now) entitlements will make up 70% of the national budget just through natural population aging. This is not sustainable without massive cuts in spending or equally massive increases in taxes.

	10-09-2003 00:42									#21
	Get a bigger avatar today!

quote: This is not sustainable without massive cuts in spending or equally massive increases in taxes.

or a little arsnic in the Ensure

	10-09-2003 00:53									#22
	Support Apolyton buy from Amazon

when people hit 40, they should be shoved of a cliff.

	10-09-2003 00:53									#23
	Suffering from ads?

quote: This is not sustainable without massive cuts in spending or equally massive increases in taxes.

To quibble, this wouldn't require a massive increase in taxes.

Re Social Security, I have a life expectancy that is about 12 years more than that of my father. However, my benefit will begin paying out when I am only about 2 years older. It doesn't take rocket science to figure out that I will be a heavier burden to society, if the retirement age is not changed.

	10-09-2003 02:01									#24
	Inflate your Upload Space

My predicition is that SS will stick around pretty much in its current form whilst the Baby Boomers bleed the rest of us dry with taxation. After they die off, the relatively smaller retiring Generation Xers will see massive cutbacks due to pent-up voter backlash from the more numerous Generations Y and Z.

	10-09-2003 02:09									#25
	Put an end to popups!

quote: Originally posted by DanS To quibble, this wouldn't require a massive increase in taxes.

Unless you massively cut spending then yes it will. You can theorize all you want about if we just refuse to increase spending we will inflaite or way out of this mess but that's hog wash. Congress has added on massive new entitlements just this year (medicare drug benifets anyone?) and there is no reason to believe that tax and spend monster will change its stripes. Just through "natural" increases due to indexing current programs to inflation will mean a 3% yearly increase. Now tack on war costs, terroism costs, politicans being pandering weeds costs, and other new expenditures and you see why spending will always go up 3%-10% each year for the next ten years.

With those kind of spending increases we simply must increase taxes or massively cut existing programs. Continuing to run half trillion dollar deficits is not an option.

	10-09-2003 02:17									#26
	Inflate your Upload Space

I think what DanS was getting at is that we should raise the retirement age, since many of us can now expect to live at least 20 years past retirement. Rather than being on the dole for five years, we're on for twenty.

	10-09-2003 02:22									#27
	Put an end to popups!

fully privatise pension scemes, let people retire whenever they want.

	10-09-2003 02:29									#28
	Support Apolyton or Terrorists Win

you're in the US Lancer. WHAT social security?

the problem is will we have social security by the time we hit retirement age that the ****** want to raise above 60 but cant.


they want to get the private companies in.
but with the power of the people we resist

	10-09-2003 02:31									#29
	Support Apolyton, buy Alpha Centauri

Oerdin: Your numbers are all wrong. If the gov't increases its spending by less than about 5.5% per annum, it's share of the economy will shrink and you will have an ever-increasing surplus eventually (or more likely you will cut taxes).

quote: With those kind of spending increases we simply must increase taxes or massively cut existing programs.

This just isn't the case. It wouldn't change the basic layout of our system.

quote: Just through "natural" increases due to indexing current programs to inflation will mean a 3% yearly increase.

More like 2% nowadays.

Don't make me get out my spreadsheet and start rounding on your azz.

	10-09-2003 02:47									#30
	Support Apolyton, buy Civilization III: Complete

quote: Originally posted by The Andy-Man fully privatise pension scemes, let people retire whenever they want.

Don't you mean, let the majority work until they drop dead at their job? That's where privitized SS leads