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tech3149

(4,452 posts)

1. Keep pounding that story

Reply to jtown1123 (Original post)

Fri Apr 27, 2012, 11:18 AM

Apr 2012

I'm not too far from official retirement age so I get these statements from SSA. I could live comfortably for a few decades from what I contributed. I never made a top level wage but it was good enough and long enough to cover me until I expect to die. I was lucky enough to put away retirement funds ( minus the $24K I had to pull out for medical expenses) but I worry for those that are and will be working marginal or minimum wage jobs till they can't work any more. Their contribution will be lucky to carry them for more than a decade.

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There is no Social Security Crisis [View all] jtown1123 Apr 2012 OP

Keep pounding that story tech3149 Apr 2012 #1

Actually, SS has a formula that lower income workers jtown1123 Apr 2012 #6

Kicked and recommended. Uncle Joe Apr 2012 #2

You're very welcome! jtown1123 Apr 2012 #5

The article is short on information. ronnie624 Apr 2012 #3

It doesn't matter. It's just debt owed to ourselves. jtown1123 Apr 2012 #4

They are not bonds. ronnie624 Apr 2012 #7

That's right wing propaganda. Claiming security treasuries are worthless is the same jtown1123 Apr 2012 #8

It isn't a bond. ronnie624 Apr 2012 #9

Yes, we *know* it has to be replaced with money from the general fund. Just as SS bonds HiPointDem Apr 2012 #10

Your post makes no sense to me. ronnie624 Apr 2012 #11

the value of us bonds comes from the strength of the us government & its capacity to HiPointDem Apr 2012 #12

Bonds represent investments in tangible assets, ronnie624 Apr 2012 #13

government bonds have no value independent of the existence of the government that issued HiPointDem Apr 2012 #14