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  • larrymountainmankiwihero larrymountainmankiwihero Sep 9, 2011 12:41 PM Flag

    Perry & pukes lie about social security

    and say there won't be any social security for the young people today. Hogwash. The only way there won't be is if they can get away with stealing it from them like they're trying to steal everything else from the working man. Yes, with the baby boomers hitting the retirement age, they may be some shortfall for a period of time but a little borrowing can bridge that gap. We wouldn't even have to borrow if they'd eliminate the $106,000 threshold where anything someone makes over that is exempt from SS taxes. Of course the pukes don't want that because it costs their rich owners more.

    The fact is that as the baby boomers start dying off, the amount of people collecting will fall dramatically while the people paying in will rise dramatically and we will once again be running a surplus in social security. After the baby boomers, there was a significant drop off in the birth rate from 1965 to 1986 and when these people start collecting, there will be plenty of money in the till to pay them. After 1986, the birth rate once again rose and all these people will be contributing to the fund and the fund will once again be awash in cash. Here's a chart of US births.

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