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Every 10 years the federal government does a census and simultaneously does surveys ie. 190, 2000 2010 etc. When they ask people when they PLAN on retiring, a majority of the people surveyed that are younger than 40 have said they plan on working much longer than they will actually work. They are not liars. The facts ...more
If Social Security was never "Raided" by our very corrupt political system, there would be more than enough money for "boomers" to retire even at 62 without any type of future shortfall.
Maximum employee tax
Calendar years Earnings base Tax rate, employee ...more
ITheb employer and employee contribution is now 12.4 percent (6.2% each)
n 1956, the tax rate was raised to 4.0 percent (2.0 percent for the employer, 2.0 percent for the employee
To combat the declining financial outlook, in 1977 Congress passed and Carter signed legislation fixing the double-indexing mistake. Thi...more
The 47% that you are referring to includes people who are collecting social security and government pensions. What kind of person would refer to people who worked their whole lives and paid into a retirement program as moochers?
OK Let's say it is 1946, the first year the boomers were conceived. You are parents of the first generation to have social security while you are working. A very large percentage of the workforce dies before they can collect social security. In fact the government is collecting more ss funds than it pays out.
In fac...more
Legalization of prostitution should be tried in a test state or states. It is easy to say that it will stop trafficking etc but there is always the possibility of unexpected consequences.
You may legally drive without auto insurance in New Hampshire until you get into an accident.
BUT What responsible driver would do that?
Given that many people have already have a tough time with necessities, if they have a choice whether to purchase or not, they will choose not to purchase insurance.
This is human ...more
Tis greek bond thing never really stops! They (greeks) are going to get the funding, then they are not going to get the funding. Right now too much to lse not to get the funding.Eventually the hole will be too big and there will be no t enough money to cover But right now there is so... this market will recover by the ...more
3/7/2012
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