Republicans Want To Raise Social Security Retirement Age To 70

On 8/10/2010 11:02 AM, David Hartung wrote:
> On 08/10/2010 09:40 AM, Beam Me Up Scotty wrote:
>> On 8/10/2010 7:08 AM, Ringer wrote:
>>> “Walter Harding” wrote in message
>>> news:23b69d0f-e90d-41a8-92da-804b1156b2b0 @&*$?%b4g2000pra.googlegroups.com…
>>> On Aug 9, 6:35 pm, H&*$?%e wrote:
>>>> Leading Republicans continue to flirt with raising the Social Security
>>>> retirement
>>>> age.http://www.huffingtonpost.com/2010/08/08/boehner-pence-social-securit…
>>>>
>>>>
>>>> _______________________________________________________
>>>>
>>>> How ’bout that.
>>>
>>> When Social Security was first put in place, the life expectancy was
>>> 60 years.
>>
>> Then it was a scam for more taxes, and more control. Because they take
>> your paycheck and give you nothing because the Leftists creating Social
>> Security knew that they were taking your money and willing to let you
>> die before you ever see a dime from it. It’s a scam and only gave you
>> money if you lived past the normal age of death. The government took the
>> money from you knowing that you would never get any benefit from it.
>
> it seems that in part the bankruptcy of the Social Security system is
> due to the success of American medicine. of the generation which was
> born in 1875, under 60% of them survived to turn 65 in 1940. However,
> the generation born in 1925 saw around 75% of their folks survive to the
> age of 65.
>
> Add to this the sheer size of the “baby boom” generations, and the fact
> that younger generations are not even reproducing at replacement levels,
> and it become obvious that we have a problem.
>
> This may not have been a problem had our government been fiscally
> responsible for the past 75 years or so, but we cannot go back and
> change history.
>
> The simple fact is that Social Security is badly broken, as well as
> being completely broke.
>
> http://www.ssa.gov/history/lifeexpect.html
>

Social Security is a Ponzi scheme and like all ponzi schemes it will fail.

In this case it’s a government ponzi scheme so it will fail over and
over and over…..