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Thread: Not Your father's Social Security

  1. #1
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    Default Not Your father's Social Security

    Social Security not deal it once was for workers

    By STEPHEN OHLEMACHER | Associated Press



    WASHINGTON (AP) — People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press.

    Previous generations got a much better bargain, mainly because payroll taxes were very low when Social Security was enacted in the 1930s and remained so for decades.

    "For the early generations, it was an incredibly good deal," said Andrew Biggs, a former deputy Social Security commissioner who is now a scholar at the American Enterprise Institute. "The government gave you free money and getting free money is popular."

    If you retired in 1960, you could expect to get back seven times more in benefits than you paid in Social Security taxes, and more if you were a low-income worker, as long you made it to age 78 for men and 81 for women.

    As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents.

    Not anymore.

    MORE- http://news.yahoo.com/social-securit...165327268.html

  2. #2
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    For the early generations it was a good deal, only you didn't have much chance of getting it since they set the retirement age after the date that most people would already be dead! Fagetabawtit!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  3. #3

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    Quote Originally Posted by aslan View Post
    For the early generations it was a good deal, only you didn't have much chance of getting it since they set the retirement age after the date that most people would already be dead! Fagetabawtit!
    So its always been a scam?
    "The dogs bark but the caravan moves on."
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    Quote Originally Posted by zengrifter View Post
    So its always been a scam?
    In my opinion it was basically a measure to instill confidence in society as well as take care of those indigent who did manage to survive past their normal life expectancy. Other measures were taken to instill confidence, like the FDIC, as if it could ever pay everyone if all the banks did fail again. Fuhgetabawtit! It can't, never could! Obama uses the same tired rhetoric-- tells us the recovery is under way-- tells us things are getting better when any fool can see it isn't true. Brags about saving GM whose sales are now down 41%, it's worst year ever. Tells us how much worse the country would be if he hadn't taken action with his so-called stimulus. Tells us his plan has worked and is working! The one thing that is not working for sure is Obama himself. He spends more time on the golf course than Tiger Woods!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

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    Quote Originally Posted by aslan View Post
    The one thing that is not working for sure is Obama himself. He spends more time on the golf course than Tiger Woods!
    That was Bush.

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    Quote Originally Posted by DDutton View Post
    That was Bush.
    Nay! Nay! (Not George the son, anyway)

    "George W. Bush gave up golfing in 2003, explaining his rationale five years later in an interview with POLITICO, saying it was wrong to play during wartime:

    I don’t want some mom whose son may have recently died to see the commander in chief playing golf. I feel I owe it to the families to be in solidarity as best as I can with them. And I think playing golf during a war just sends the wrong signal. "


    * * * * * * *

    Obama Plays Golf for the 100th Time of his Presidency

    by Keith Koffler on June 17, 2012, 12:40 pm

    Updated 5:40 pm

    President Obama rolled out of his Kenwood, Chicago home Sunday morning and headed to out to play his 100th round of golf since becoming president.

    Obama played at the Beverly Country Club with two old pals, Eric Whitaker and Marty Nesbitt, as well as regular golf companion Marvin Nicholson, the White House trip director.

    Obama has already played golf eight times this year. He actually is a little off his normal pace – perhaps campaigning is intruding on golf. The president golfed 28 times in 2009, 30 times in 2010, and an incredible 34 times in 2011.

    Obama’s golfing takes about five hours, including the motorcades back and forth from the fairways. If one thinks of this as taking up much of the day – include getting ready to go and cooling off afterward – it’s fair to say that Obama has spent more than three months of his presidency golfing.

    While golf is played by millions of Americans and extends its reach well into the middle class, it is also perceived as a game of the idle rich and is generally unavailable to the poor, putting Obama’s frequent outings at odds with his image as a man of “hope” for the dispossessed.

    The White House carefully downplays Obama’s golfing, rarely talking about it and releasing few pictures of the president swinging away. A search of the White House uploads on the Flickr photo-sharing website finds only a handful of shots of the president playing golf, compared to nearly two dozen of him playing basketball, which he spends far less time at.

    Many argue that golf provides a badly needed source of relaxation for Obama, a refuge and a respite from extraordinary demands of the presidency. And most or all of Obama’s golf days have been on weekends or during scheduled vacations.

    But others say the president could find another way to relax, and that golfing sends the wrong message to the poor and to the troops during a time of economic struggle and war.

    George W. Bush gave up golfing in 2003, explaining his rationale five years later in an interview with POLITICO, saying it was wrong to play during wartime:

    I don’t want some mom whose son may have recently died to see the commander in chief playing golf. I feel I owe it to the families to be in solidarity as best as I can with them. And I think playing golf during a war just sends the wrong signal.

    Obama clearly disagrees and has been unperturbed by criticism of his golf, maintaining a steady pace even during an election year.

    http://www.whitehousedossier.com/201...me-presidency/
    Last edited by aslan; August 8th, 2012 at 09:51 PM.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  7. #7
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    Default Obama Spends More Time on Golf Than Economy

    REPORT: Obama Spends More Time on Golf Than Economy
    by Wynton Hall
    19 Jul 2012

    Name:  obama-golf-squat.jpg
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    An eye-opening new report by the Government Accountability Institute reveals that President Barack Obama averages just eight minutes more a week on economic meetings than the average dog owner spends walking their dog.

    When it was recently reported that Mr. Obama had played his 100th round of golf, the president said that playing golf was "the only time that for six hours, I'm outside." Therefore, by his own estimate, the president has spent 600 hours playing golf, as compared to just 412 hours in economic meetings of any kind throughout his presidency.

    “You should know that keeping the economy growing and making sure jobs are available is the first thing I think about when I wake up every morning,” Mr. Obama said in 2011 to an audience of UPS workers. “It's the last thing I think about when I go to bed each night."

    But just how little time Mr. Obama has spent working on the economy can be seen in the data contained in the Government Accountability Institute’s analysis:

    Throughout the first 1,257 days of his presidency, Mr. Obama has spent just 412 hours in economic meetings or briefings of any kind
    In 2012, so far Obama has spent just 24 total hours in economic meetings of any kind
    Assuming a six day, 10-hour workweek, Obama has spent less than 4 percent of his total time in economic meetings or briefings of any kind
    There were 773 days (72 percent), excluding Sundays, in which he had no economic meetings
    Mr. Obama has spent an average of 138 minutes a week in economic meetings. According to a study published in the International Journal of Behavioral Nutrition and Physical Activity, new dog owners spent an average of 130 minutes a week walking their dogs

    The study, which was based upon the president’s official schedule, practically bent over backwards to include anything even remotely akin to an economic meeting. For example, “Obama meets with Consumer Product Safety Commission Chairwoman Inez Tenenbaum” was tallied as an economic meeting. Also included was, “Obama meets with Cabinet secretaries,” which may or may not have dealt with economic issues, counted as well.

    Still, with Americans suffering in the worst economy since the Great Depression, Mr. Obama’s time spent in economic meetings came in shockingly low.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

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