THIS ARTICLE WOULD GET ANYBODY OVER FORTY’S ATTENTION! OR SHOULD!
Here is a paragraph that really caught my attention:
“Americans would be shocked and outraged to discover that the Supreme Court has twice ruled that there is no right to Social Security benefits, regardless of how long or how much has been paid into the system. In Helvering v. Davis (1937), the Supreme Court upheld the constitutionality of Social Security, agreeing with Asst. AG Robert Jackson’s argument: “There is no contract created by which any person becomes entitled… [to] a claim for any particular sum of money. Not only is there no contract implied but it is expressly negatived, because it is provided in the act, section 1104, that it may be repealed, altered, or amended in any of its provisions at any time.””
First: My feeling is IF THERE IS NO RIGHT TO SOCIAL SECURITY BENEFITS, THEY DON’T HAVE ANY RIGHT TO COLLECT FROM US. WHAT DO YOU THINK? I THINK I’M RIGHT!
I suppose those of us who already have Medicare and Social Security are safe, but what could we do as a country to preserve it for the next generations?
-Make the retirement age higher?
-Higher payroll deductions?
-Better training in schools regarding private retirement plans, etc?
WHAT DO YOU SUGGEST?
Z
geeez2014
GeeeZ .... 
Social security was the brainchild of a communist leaning president designed to convince Americans that there is no reason to be self-sufficient when the government can “take care of you” in our elder years. Of course, when enacted, the average lifespan of the American citizen was 59 years and eligibility was age 62. It was dishonest and a scam. It still is. It is a pyramid scheme that would–and has–resulted in long prison terms for anyone else. Back then the people were mostly illiterate and could not have understood the fine print, but today we’re much better educated and this is why democrats tried to hide the particulars of Obama-scam. It is time now for Americans to realize that whatever the government can give you, the government can take away. The 40-somethings have every reason to be angry about social security and Obama-scam.
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Can you say “Ponzi scheme about to implode”?
I thought you could.
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As for medicare, why do I have to sign up for (not pay into) something I don’t intend to use for years just because I hit 65?
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Go back to what SS was suppose to be for – retired people period. Not SSI…Supplemental Social Security, At least Reagan cut it back somewhat..we were paying for kids through college age.
I added up what myself and my employer contributed. Had the same amount been placed in the Stock Market I would have been pretty close to a millionaire with relatively conservative investments. Go figure.. Had all of the contributions been set aside – in the so called “lock box” the fund would be in very good shape. So let the government return all the money they stole from us.
I support SS..there are many who do not have the skill set to provide and make appropriate investment decisions for retirement. It is a safety net.. no more no less.
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What’s really fun is to have to figure whether to collect SS while still working.
Why is that an option?
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Notice Bunkerville and I posted virtually the same comment at the same time.
Again.
Great minds….
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Ed… it is our money…ours and our employee. Why are we not entitled to what is ours? Not government money.
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meant employer and employee
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Oops..Ed missed your first post
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Ed,
What’s really fun is to have to figure whether to collect SS while still working.
Why is that an option?
In my case, I started drawing while “still working” because the days of my working 6 days a week have ended because of certain health conditions — the major one of which was caused by an illegal alien (A cabbie!) rear-ending me at a 4-way stop sign in 2005. The cab company — Yellow Cab — could not be held liable because cabbies own their own cabs and are responsible for carrying high insurance coverage; with regard to the cabbie who hit me, he was going about 35 mph and launched my Crown Vic into the air.
I sustained a life-changing injury, and it’s incurable.
Forget getting justice! I went to court and got a pitiful amount, and the officer of the court announced with a smile, “The sympathies of the court lie with the poor immigrant. If the situation were reversed, he’d be taking you to the cleaners’.’
I freely admit that I’m grateful for Medicare and the supplemental policy.
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Social security is a government sponsored, at the point of a gun, Ponzi scheme. When we as citizens do this kind of shenanigans, we go to jail (unless you’re a “good” Demoncrat). Now that we’re stuck with it, Social Security should have been privatized eons ago. Unless something changes, I think what going to happen is the well will run dry and there will be no S.S. or Medicare for the younger generation but they’ll have to keep paying for it.
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AOW, But while I believe you should have gotten, at least, SS Disability (which Scherie can’t get despite her epilepsy and it’s proven impact on her employment), why are many working full time like myself collecting full SS?
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Ed …you won’t use Medicare for years after 65?
“As for medicare, why do I have to sign up for (not pay into) something I don’t intend to use for years just because I hit 65?” Are you BILL GATES?!!
Bocopro…I agree with you; many do not have the skills to plan for retirement. NOT THAT THE PITIFUL AMOUNT THEY’LL HAVE TO LIVE ON IS ENOUGH, but it HELPS!
Mustang, SS was a way of providing a little money for retirement of those who couldn’t possibly save much…not all have accountants, financial advisors, etc……. But yes, this certainly fits the “What gov’t gives , gov’t can take away,” doesn’t it.
How would you help those who hadn’t enough income to save for their futures? I’m seriously interested; do NOT want to sound like I’m challenging you, I would like to hear.
Sparky, maybe then the younger liberal dopes would wake up and realize their sweet, liberal types of programs are MESSING THEM OVER!!! Ha!!!
AOW, I am grateful for Medicare, too. The court clerk REALLY SAID THAT? !!!
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https://www.yahoo.com/news/lawyer-stormy-daniels-arrested-ohio-strip-club-053821617.html
Did you see THAT?! It was a STING that Daniels let men put their heads between her breasts? What? A STING??
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Z: I won’t use Medicare until I retire, but I have to enroll next month.
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Ed…OH! I thought you meant you wouldn’t use it until well after 65, you meant SIGN UP…sorry!
Yes, you have to sign up before your 65th birthday….. I don’t know why.
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Watching Kabooki hearing,,,,,,, sad state
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VERY VERY sad…the Left is despicable…………and Strzok is an arrogant, smug JERK. I will now post something that made me roar with laughter, literally…oh, what the heck, I’ll write it here :
Cummings was talking to Strzok about the importance of not revealing agent names, and said that the Right had asked numerous times during his 11 hr hearing to reveal names
Finally, Republican Mark Meadows interrupts and says:
“You’re talking about my questioning and I NEVER ONCE asked for a NAME, EVER”
Cummings’ response: “I didn’t address that….MR STRZOK, HOW IMPORTANT IS IT NOT TO REVEAL NAMES?”
I swear.
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Smirking and smiling is very annoying by this witness.
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I understand there are still tens of thousands of more texts that no one has seen….there will be the smoking gun.
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THE ONLY GOOD NEWS IS THAT STRZOK IS SOUNDING DEFENSIVE AND THE LEFT SOUNDS RIDICULOUS.
I have to admit that Gowdy got rather ‘cowed’ because even I believe private texts CAN be hyperbolic, we’ve all done it “I really don’t like Mary and I’m going to SNUB her tomorrow”, that kind of thing. And I GET that can happen……….but BUT….
I believe if the Right pushes hard enough it can get Strzok to go off the tracks…he almost did 30 mins ago or so but caught himself 😦
THE LEFTIST POLITICOS ARE CONSTANTLY REMINDING THE COUNTRY THAT THE REPUBLICANS WANT PRIVATE INFORMATION PUBLIC
“WHY ARE REPUBLICANS SO INTENT ON DESTROYING CONFIDENCE IN THE JUSTICE DEPT?”
“WHY ARE THEY NOT PLAYING BY HOUSE RULES?…BECAUSE PRESIDENT TRUMP IS SCARED, HE’S JUST SCARED……….ACCOUNTABILITY IS COMING, AND THEY ARE SCARED AND ARE TRYING TO UNDERMINE THE INVESTIGATION AND DISTRACT ATTENTION’
Jerry THE JERK Nadler.
See, the LEFT WILL WIN THIS because they’re being made to look like asses for asking pertinent questions that the Left is convincingly saying ARE CONFIDENTIAL and could threaten our safety.
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This is out of control… we are losing.. I don’t trust Gowdy
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who are the black ops that are sitting behind strzok?
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Bunkerville…(I often want to say “BUNK” for shorter, but am afraid someone will think that’s an expletive and not a nickname!!)…you saw Gowdy and you don’t trust him?
I ABSOLUTELY agree…we DEFINITELY lost this one………..out of control because Strzok is arrogant, smug and they’re all acting as if HIS being a swine means the Right thinks the whole FBI are swines. Every time the Left talks it’s “thanking the FBI..” “we know this doesn’t reflect on the members.” Blah blah blah….
The Right’s slobbering and fuming because they have to sit through interminable lectures about how awful they are and how guilty Trump is of Russian collusion ….Lecture after lecture.
(see the comments by Nadler than I posted above..VERBATIM! )
We LOST THIS ONE…..NO BIAS. BULL S*… um…well, YOU KNOW, y’all 🙂
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Don’t know who the black ops are….fascinating, tho…I had the same thought. I know the one on our right behind his left shoulder IS his lawyer who has primed him VERY WELL.$$$
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…..testing………………
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and NOW we have a lecture on how bad Russia is………compliments of the Leftwing windbag speaking now.
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Tennessee Representative “THIS IS THE MOST CORRUPT ADMINISTRATION IN THE HISTORY OF AMERICA AND MUELLER’S GOING TO EXPOSE IT, THANK GOD!’
That, in an investigation with an FBI agent…………….. um. WHAT?
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And, as you probably know there is a window in which you have to sign up for Medicare or you get penalized with higher payments later. if you are covered under health insurance Within certain conditions you can avoid signing up for the non-– hospitalization part and it’s extra premiums. A friend of mine just retired at 74 and didn’t start the second part of Medicare until she stopped working.
Yes, everyone has correctly identified it as a Ponzi scheme. They will have to raise the age limit. The premiums. And almost certainly the payroll deduction. We have the German social system to thank for this – Bismarck. It started in the 19th century From good intentions, of course.
What’s even scarier, Z, is that by law you don’t necessarily have a right to your own savings. Just has happened in Greece, the government here can also step in and help itself to savings in an “emergency“. They can do the same with your home vegetable garden too, by the way, as well as your thousand head cattle ranch.
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OMG..that was something….
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Well, no matter. Kavanaugh will not be confirmed and there will be civil war. Mark it down from Bunk.
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I see where this is going.. Rosenstein’s fleet of 300 attorney’s which he has now appropriated will after Kavanugh and the Bush and the Florida battle. They will go over every single letter, document etc…and then the 9th circuit where the Judge he clerked for had to resign abruptly.
This hearing only confirmed my worst fears… I enjoyed the ride with you… moving over to C-span to pick up the coverage.
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Being older than most, if not all, Z’s bloggers, I can remember when FDR enacted S/S during the Great Depression in the 1930’s when unemployment was 25% and folks were living in their cars and waiting in lines to eat at soup kitchens. It started as optional and tax deductible, both benefits disappearing. Then the final nail was driven in the casket when LBJ “borrowed” from it placing IOU’s in the fund……all uncontested by Congress.
When Obama campaigned, he promised a balance budget so we accepted the cut to our benefits figuring we all have to bite the bullet. But he did just the opposite, confirming why we didn’t trust him or vote for him in the first place.
We need to cut all spending across the board including in our own households. That way, we just might be able to continue the fund on a limited basis in perpetuity. But we are too spoiled and want everything NOW! We’re selfish that way.
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Fix SS?
-Take it out of the general fund and put it back in a lockbox. Invest it in the markets through reputable fund companies like Fidelity, Vanguard and make more than 2% on the money. Sotck market risky? Take a look at an S&P500 chart form its inception through today. You can barely make out the 87 crash.
-Up the qualifying age to receive benefits
-Only provide benefits to those who paid into it, excluding mainly immigrants who entered at retirement age, illegals, etc.
-Take the word ‘entitlement’ off of any SS related documentation and checks
Pete and Lisa.. Has Anything Ever come from a house investigation?
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All true, Kid, but we’re both preaching to the choir, aren’t we, ’cause it ain’t nevah gonna happen!
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Sure isn’t Mal !
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Baysider..yes ‘good intentions’ and even good results in the case of many who just haven’t enough income to save for 30 years of life after retirement. I believe that’s a very important thing to consider.
Mal, great input…yes, the final nail was LBJ taking money from the accounts…that was disastrous and STUPID.
Kid, the hearing is going horribly……The Republicans are not going over well.
I was just about to go into a litany of what I’ve heard this morning, but what’s the point..? They’re looking BAD and Strzok is coming out smelling like a rose.
He’s now a saint. He couldn’t give information of ‘ongoing’ cases, so he got to remain silent a lot, too.
But, mostly, the dems are SUCH rats, and SO insulting to the Republican questioners it’s almost shocking.
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FINALLY! GOWDY, JUST NOW, GOT STRZOK TO SAY HOW HE DIDN’T THINK AMERICANS COULD POSSIBLY VOTE FOR TRUMP AFTER HE’D TALKED ABOUT GENITAL SIZE AND ALL THE OTHER BLUSTERY THINGS TRUMP SAID DURING THE CAMPAIGN.
So, that’s why he says he felt this awful prejudice against Trump …basically saying “He’s AWFUL! Of course I couldn’t stand the guy!” it’s actually shocking to hear this stuff out loud.
Gowdy’s trying to make some good points but it’s really going nowhere………..nobody cares. Strzok is probably going to get his old job back. Wait for it. Out of HR and back to the big stuff.,,or maybe a political candidate; HERO OF THE LEFT.
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https://www.cnbc.com/2018/07/11/if-you-cant-wait-until-70-this-is-the-next-best-age-to-claim-social-.html
Interesting that the great website, WHATFINGER, has the above linked article.
ED, you might want to take a look. They say 70 is the best age to start SS….IF one can wait.
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Whatever one does, they need to put aside and invest independently like there is no S/S because there likely won’t be one, so prepare for the worst. Get out of debt and stay out. Pay off credit cards IN FULL monthly, don’t borrow to buy a car and pay interest on a depreciating item. You’re getting hit with a double whammy. When working, pay yourself FIRST, like you only make 90% of your actual earnings, then pay your living expenses. If you come up short, cut from your expenses, not your savings. Invest in something that is protected from inflation (I like Real Estate but it can be blue chip stocks, etc). Thats my advice for what its worth.
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“……we are talking about a gentleman who we ALL KNOW is NOT FIT TO BE PRESIDENT”….this from a congresswoman in public about our president.
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MAL, If only I had that info 50 yrs ago 🙂
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Z, You are aware the left are vile and disgusting right? 🙂
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Z, Oddly enough I happened to have watched about 15 minutes of that thing and it was the section where a congressman who used to be a US Prosecutor nailed Petey to the wall. THe point was Pete was saying he admists to the texts “F Trump, Screw Trump, Impeach Trump” while saying his personal views were not part of his professional duties. Guy asked Petey if those texts were made on FBI owned devices and/or made during time he was actually working. Petey admitted they were made on company time. Case solved. Of course he still casted himself as a saint and working for America, bla bla bla. Point was made very clear by this prosecutor that Petey is a lying sack.
They might be able to break Lisa. She seems a look weaker than Petey but will it go anywhere ? Hell no.
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Kid, this was beyond vile and disgusting…….
And naaaa…I heard that part of the interview….nothing’s nailing Strzok….One congressman said he wished he could give him a Purple Heart. now THAT is TRULY DISGUSTING and DISHONORABLE.
What the Left’s done is harped on how important everything else is (Trump sidling up to Russia and ticking off our allies, deporting kids, etc etc ) and this is a witch hunt; it’s absolutely PERFECT PR…absolutely TO THE POINT for the American uneducated ear….It’s wrong, but it worked VERy well. More coming ..might have started up again by now; got to turn it on again…but needed a break.
Strzok will come from his ‘the winner’…..Some Dems even applauded him, as did most of the audience when he made points……seriously, they did. No bias, right?
Ya, we know this is crazy, but the guy survived……..I hope he’s ashamed. But I’m not sure he’s got that in him.
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Of course, Standard fare for dog and pony show.
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Back to SS. Thanks for article, Z.
I will read it.
My retired friend suggested taking SS as soon as possible if working, bank/invest it.
The monthly difference later will pale in comparison.
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Ed, that’s not a bad idea….the monthly diff is really small……….but this is the standard thinking…
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Ed, If you have an LLC or something where your income is not from a paycheck, taking SS at 65 for example only allows (me anyway) to earn 16,900? then I have to start paying back into SS a dollar for every 2 $ over that amount.
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Kid, Thanks. The newspaper is an LLC, but for now it’s a non-profit 😦
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Kid’s right…I remember there is a limit to how much you can make once you’re getting SS.
I wondered about some of you up above saying “Take SS and work…” But now I remember….the income is limited but you can work.
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Z, Also – at 70, you can make as much as you can without penalty.
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Kid, I also remember something about that…but once you’re 70, you can make millions and still get your lousy little SS check that others need more?
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https://www.thebalance.com/social-security-retirement-benefits-while-working-2894597
Can I get Social Security retirement benefits if I’m working?
Yes, you can get Social Security retirement benefits and continue to work. Beginning in the month you reach full retirement age, you can get full benefits without limits on your earnings (the month you turn 66 years old is full retirement age in 2017). If you apply for benefits at age 62 or before full retirement age, any wages you earn will reduce the amount you receive in benefits.
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That’s odd, Ed, because I distinctly remember being told what Kid said, that you’re limited on how much you can make once you’ve started receiving SS.
Whatever! Good luck with it!
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Well, no matter. I’ll be doing my stride in a single wide and eating cat food. The cats won’t mind.
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Z,
The officer of the court said exactly those words. My auditory memory is infallible when both sides of my brain are engaged.
I told him off. I was afraid I was going to slap the hell out of him, so I stalked from the room and pounded my fists on the bathroom wall.
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ED, my late brother-in-law and another good friend both told me the same thing Take the S/S asap which for me at the time was 62. it didn’t make sense because I figured out my break even age would be 77, so opted to wait. At age 63 1/2 i was half way between 62 & 65 when they announced they were pushing the retirement ages back and could be retro active, so I took it at age 63 1/2 and have regretted it ever since. Every year we get an raise, its based as a % so the loss becomes greater and greater each year. Add to that, because my wife only worked for a short time, she got 1/2 of what I get which makes it even worse. That being said, however, today is a different time because S/S is in deep poo-poo so a person might be better off gettin’ what kin still be got!
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