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View Full Version : Social Security Going Up by 2.3 Percent


ctrlraven
10-17-2007, 12:24 PM
http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2007/10/17/790548.html
merc
10-17-2007, 12:26 PM
http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2007/10/17/790548.html

At 25 years old are you looking at the crystal ball and seeing your future ?:lol:
merc
10-17-2007, 12:28 PM
http://www.comcast.net/news/index.jsp?cat=GENERAL&fn=/2007/10/17/790548.html

At 25 years old are you looking at the social security crystal ball and seeing your future ?:lol:
LordVader
10-17-2007, 12:29 PM
I think he's looking to see what won't be there by the time he's ready to head to the house!!
merc
10-17-2007, 12:31 PM
I think he's looking to see what won't be there by the time he's ready to head to the house!!

http://scienceblogs.com/intersection/upload/2007/06/crystal%20ball.jpg

The answer is clear. Not a damm thing if we keep spending money on Iraq.
ctrlraven
10-17-2007, 12:46 PM
I started investing 15% into my 401k about 2 yrs ago and have kept a very profitable stock portfolio since I was 18 so as long as I don't touch anything I will be set. If the war in Iraq ends within the next 3-4 yrs and nothing else happens their "should" be enough SS to last until 2081.
merc
10-17-2007, 12:53 PM
I started investing 15% into my 401k about 2 yrs ago and have kept a very profitable stock portfolio since I was 18 so as long as I don't touch anything I will be set. If the war in Iraq ends within the next 3-4 yrs and nothing else happens their "should" be enough SS to last until 2081.

The Congressional Budget Office estimates the trust won't run out till 2052 according to this site.

http://zfacts.com/p/784.html

The facts change depending on who you ask, or what webpage you go to.
sailsmen
10-17-2007, 03:06 PM
http://scienceblogs.com/intersection/upload/2007/06/crystal%20ball.jpg

The answer is clear. Not a damm thing if we keep spending money on Iraq.

From 1946-96 average annual defense spending ~35+%.
1997 defense spending ~15%.
2006 defense spending ~20%.

Congress figured out they could buy a lot more votes with social spending than defense spending.

Fed, State and Local ~ $14,000 for every man, woman and child in this country. When you drive around or go to the mall look around and remember every person you see ~$14,000, then think of how much blood, sweat and tears it took to generate that ~$14,000 in taxes and think of how much of that ~$14,000 is an entitlement for half the people that never paid income tax.
Raudermaster
10-17-2007, 06:52 PM
For the past 3 years, I've been putting in roughly 6% in my 401k and I have a pretty good amount for a kid who's only 20. Luckily my company matches me too.
BruteForce
10-17-2007, 07:55 PM
From 1946-96 average annual defense spending ~35+%.
1997 defense spending ~15%.
2006 defense spending ~20%.

Percent of what? GDP? Annual budget?
Bluerauder
10-18-2007, 04:27 AM
Percent of what? GDP? Annual budget?

Defense spending was 3.9% of GDP in 2005. Domestic spending at the same time was twice as much at ~8% of GDP. Check out the charts here >>>> http://www.heritage.org/Research/features/issues/issuearea/Defense.cfm

Domestic spending (Major Entitlements) and Military spending have reversed positions since about 1960. They were about equal at ~5% of GDP back in 1974.