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The Water Cooler
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How much to live on?
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<blockquote data-quote="ConstitutionCowboy" data-source="post: 4285688" data-attributes="member: 745"><p>Social Security is a scam. To begin with, for those paying into the plan, government takes in more than it needs to pay recipients every year. That's why there is always a "surplus" on hand. Always.</p><p></p><p>For Social Security recipients, it is a loosing proposition. Sure, there are those "cost of living" increases, but those increases don't get added until after the cost of living has increased. Purchasing power is lost to inflation for all twelve months between those pay increases and those pay increases do not compensate for the purchase power lost over the previous year. It amounts to a decrease in actual compensation for what a person has paid in, resulting in a decrease in actual financial security.</p><p></p><p>Think about that, get pissed, and add this knowledge to your considerations for whom you might vote for on election day.</p><p></p><p>Woody</p></blockquote><p></p>
[QUOTE="ConstitutionCowboy, post: 4285688, member: 745"] Social Security is a scam. To begin with, for those paying into the plan, government takes in more than it needs to pay recipients every year. That's why there is always a "surplus" on hand. Always. For Social Security recipients, it is a loosing proposition. Sure, there are those "cost of living" increases, but those increases don't get added until after the cost of living has increased. Purchasing power is lost to inflation for all twelve months between those pay increases and those pay increases do not compensate for the purchase power lost over the previous year. It amounts to a decrease in actual compensation for what a person has paid in, resulting in a decrease in actual financial security. Think about that, get pissed, and add this knowledge to your considerations for whom you might vote for on election day. Woody [/QUOTE]
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