social security

[MarkinAZ]

Originally Posted by racerX

I realize this my start some debate on politics. I'm not looking for that or to start a war or a political discussion. Just want thoughts, so I can plan for my future...

Hello John,

The following excerpt is from the current June 2011 AARP Bulletin that states: "The administrative cost (for Social Security) is .09 percent. It returns 99 cents to beneficiaries on every dollar collected. By the end of 2010, the Social Security trust fund had a positive balance of $2.6 trillion. As a result of interest earned on the trust fund balances, the fund's surplus will continue to expand to approximately $3.67 trillion at the end of 2022. After that year, it is projected that the balance will begin to decline. Still, reserves will be sufficient to pay full benefits through the year 2036. After that, Social Security would still be able to pay for 77 percent of benefits."

The name of the article is Social Security's Enduring Truths and its Author is James Roosevelt Jr (the grandson of President Franklin D. Roosevelt).

There are individuals John who strongly wish to "privatize" Social Security so their buddies on Wall Street can rape us further. They can go stick it. There are individuals (the same) who also strongly wish to "privatize" Medicare. They can also go stick it too There is a very simple way to insure that Social Security continues on strongly past 2022, but I will not get into that in your thread. I hope this helps you out...