White House Shelved Comprehensive Treasury Deficit Report: 44 trillion dollar projected defecit

[Hayabusa Rider]

Originally posted by: charrison

Originally posted by: Hayabusarider

Originally posted by: Dari

Originally posted by: Hayabusarider

Originally posted by: Dari
Here's an idea: why don't people prepare for retirement? Is that so damn hard for people to contemplate? If you don't prepare, you should live in a project for old people. There is too much politics in this SS scheme. An independent body should scrutenize this issue and everyone should agree to abide by their ruling.

So, you're like 17 right?

I say that based on your seeming lack of life experience. Sorry, but the "if you don't prepare" bit did not sit well. What I see quite often is people spending their retirement for health care of a family member, or other unforeseeable events. I can tell you this, life never goes to plan.

And relying on someone else to take care of you is really bad plan to rely on.

I can come up with several scenarios which would leave you with no choice through no fault of your own. If I were a sadistic genie, I could bankrupt you, make a family member terminally ill. How about I make you unskilled labor, and you just survive working 2 jobs, maybe more? I could do a lot of things just as bad. The world does not need evil supernatural beings. All you have to do is be in the wrong place at the wrong time. People ought to save for retirement, but even if they do, many people will be screwed. Now, as a society, how do we handle it?

 

[Zebo]

All it takes is one slip up with the IRS or get on your neighbors badside to put one into ruin. Or how about your juvenile delinquint son decides to drink on prom night and kills his girlfriend in the passeger seat. Ruined. Millions of examples of life not going according to plan.

Hope for the best plan for the worst.

 

[CADsortaGUY]

Originally posted by: Hayabusarider

Originally posted by: charrison

Originally posted by: Hayabusarider

Originally posted by: Dari

Originally posted by: Hayabusarider

Originally posted by: Dari
Here's an idea: why don't people prepare for retirement? Is that so damn hard for people to contemplate? If you don't prepare, you should live in a project for old people. There is too much politics in this SS scheme. An independent body should scrutenize this issue and everyone should agree to abide by their ruling.

So, you're like 17 right?

I say that based on your seeming lack of life experience. Sorry, but the "if you don't prepare" bit did not sit well. What I see quite often is people spending their retirement for health care of a family member, or other unforeseeable events. I can tell you this, life never goes to plan.

And relying on someone else to take care of you is really bad plan to rely on.

I can come up with several scenarios which would leave you with no choice through no fault of your own. If I were a sadistic genie, I could bankrupt you, make a family member terminally ill. How about I make you unskilled labor, and you just survive working 2 jobs, maybe more? I could do a lot of things just as bad. The world does not need evil supernatural beings. All you have to do is be in the wrong place at the wrong time. People ought to save for retirement, but even if they do, many people will be screwed. Now, as a society, how do we handle it?

How about Universal Aflac?
Sh!t happens, but that still doesn't excuse poor planning. I'm not saying that everyone was a bad planner though.

CkG

 

[Hayabusa Rider]

Originally posted by: CADkindaGUY

Originally posted by: Hayabusarider

Originally posted by: charrison

Originally posted by: Hayabusarider

Originally posted by: Dari

Originally posted by: Hayabusarider

Originally posted by: Dari
Here's an idea: why don't people prepare for retirement? Is that so damn hard for people to contemplate? If you don't prepare, you should live in a project for old people. There is too much politics in this SS scheme. An independent body should scrutenize this issue and everyone should agree to abide by their ruling.

So, you're like 17 right?

I say that based on your seeming lack of life experience. Sorry, but the "if you don't prepare" bit did not sit well. What I see quite often is people spending their retirement for health care of a family member, or other unforeseeable events. I can tell you this, life never goes to plan.

And relying on someone else to take care of you is really bad plan to rely on.

I can come up with several scenarios which would leave you with no choice through no fault of your own. If I were a sadistic genie, I could bankrupt you, make a family member terminally ill. How about I make you unskilled labor, and you just survive working 2 jobs, maybe more? I could do a lot of things just as bad. The world does not need evil supernatural beings. All you have to do is be in the wrong place at the wrong time. People ought to save for retirement, but even if they do, many people will be screwed. Now, as a society, how do we handle it?

How about Universal Aflac?
Sh!t happens, but that still doesn't excuse poor planning. I'm not saying that everyone was a bad planner though.

CkG

I love that duck!

 

[Lucky]

Two points a) they took care of two generations at least during thier working time and b) SS has always run a surplus, I really don't see how it's in trouble at all unless the politicians keep sucking off the excess.

Your forgetting that in the early years of SS the population was younger and they died earlier, especially of diseases and illnesses that are largely forgotten now thanks to modern medicine. As the baby boom of the late forties took hold it setup a trememdous wave of old folks set to retire in the early 21st century. Yes, it's had a surplus in the past but as more baby boomers retire they will draw money out of the system at a faster rate than younger workers can replace it.

 

[Lucky]

Two points a) they took care of two generations at least during thier working time and b) SS has always run a surplus, I really don't see how it's in trouble at all unless the politicians keep sucking off the excess.

Your forgetting that in the early years of SS the population was younger and they died earlier, especially of diseases and illnesses that are largely forgotten now thanks to modern medicine. As the baby boom of the late forties took hold it setup a trememdous wave of old folks set to retire in the early 21st century. Yes, it's had a surplus in the past but as more baby boomers retire they will draw money out of the system at a faster rate than younger workers can replace it.