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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (103699)	10/31/2011 1:49:30 PM
From: bentway	Read Replies (1) \| Respond to of 149317

"Roosevelt, nor I, believe in a system that will pay out 20 years worth of payments taken from future generations." You're completely WRONG. SS works just as it was intended to. The geniuses that invented it predicted demographic problems, and designed in flexibility that has and will, keep the system functioning as intended for ALL American generations, including YOURS. At the moment, the retirement age needs to be raised slightly, and the cap raised or lifted entirely. Or, make some other adjustments. ssa.gov "Q24: How much has Social Security paid out since it started? A: From 1937 (when the first payments were made) through 2009 the Social Security program has expended $11.3 trillion. ( See detailed tables of annual Social Security payments 1937-2008.) ( See also detail for Q26) Q25: How much has Social Security taken in taxes and other income since it started? A: From 1937 (when taxes were first collected) through 2009 the Social Security program has received $13.8 trillion in income. Q28: Did President Franklin Roosevelt make a set of promises about Social Security, which have now been violated? A: This question generally refers to a set of misinformation that is propagated over the Internet (usually via email) from time to time. ( See a detailed explanation here.)" People have been saying SS wouldn't be there for THEM since it's inception, but it always has, and will be.