Home Add to Favorite Contact Submit  
             22 September, 2019
 

    
Category:  Articles » Finances » Personal-Finance

 

Is it Social Security Or Social Insecurity?

Popularity:
         Views: 1619
2008-11-03 05:15:58     
Article by David Lewis

I don't need to harp on the fact that social security is doomed unless some politicians comes up with a slick way to reorganize the Government-backed retirement scheme for a few more years than its projected bankruptcy. Kudos to Brad at the unrepentantindividual. com for a wonderful review of Part D (gosh with all of the different parts of social security, it's starting to become like a terrible series of sequels to a bad movie).

Social Security privatization and the many attempts to "save" Social Security will, I think, fail. The best way to "save" the system is to let it die. Sell off unnecessary Government holdings and pay everyone back what they paid in plus interest. This solves two problems: It increases the amount of privately owned property in America - good for Capitalist America - and it dissolves the longest running (and only legal) Ponzi scheme in American history.

I know that that may sound like a "radical" idea, but it isn't. Listen to the Government Accountability Office (the GAO). While they don't explicitly endorse the dismantling of the SSA, they do acknowledge that "tough choices" will have to be made. There is no way to grow our way out of the predicament we've gotten ourselves into. One or more of these entitlement programs must go. One could argue that all of them should go, but the GAO does at least understand that we simply cannot continue to promise these kinds of benefits to retirees. Even if you wanted to, there's just no way to (financially) support the payouts.

Specialized in: Financial Planning - Investing Online - Estate Planning
URL: http://www.twintierfinancial.com
Print article      Bookmark this page
Related Articles 
Get Unclaimed Safety Deposit Box Contents Back (Popularity: ): Millions of dollars is left behind every year in unclaimed safety deposit boxes; that money remains with the government. In every annual audit, banks give the content of safe deposit to the government after a specific period of time. The reason the content of safety deposit escheated to the government is that it is being lying in the bank untouched from the owner or heir of the deposit.Many times, people ...
Getting Your Head Around QROPS (Popularity: ): More Britons are choosing to work and retire abroad than ever before. For most that means transferring their UK pensions into overseas schemes. If you are in this position or thinking about retiring overseas, then you really need to understand one key phrase: qualified recognised overseas pensions scheme or QROPS for short. However although they offer fantastic advantages for the growing number of expats, few people really know what they ...
Wells Fargo ATM Locations - Easily Accessible (Popularity: ): When you need money, the last thing you want to do is search for an ATM location. Using machines from other banks can rack up fees. Rather than spend a portion of your hard-earned cash on senseless fees every month, choose a card that offers many locations.Wells Fargo is a trusted name when it comes to financial institutions. For years, people have been turning to Wells Fargo for their banking ...
Are you loosing hundreds of dollars in interest each year? (Popularity: ): Most of us have savings accounts that earn interest. What many people don't know is that there are also safe, FDIC insured, interest-bearing online checking accounts. The yield on these checking accounts is actually higher than the yield on savings accounts at the local bank! So why not get the best of both worlds: the ability to write checks and earn interest!Since 2000 I've been using AmericanBank E-Checking (don't confuse ...
Bad Saving Habits (Popularity: ): I often come across friends who tell me that they have negative balance in their savings account by the 25th of each month. They often burrow money from others and repay it next month when the salary gets credited.That's when I came across making a financial plan of one such friend. I was surprised to know that my friend actually overspent of what he used to earn each month. My ...


Related Business 
Social Security Disability (Popularity: ): Allsup is a social security representation selection service. Learn how to apply for social security disability insurance (SSDI) and complete a disability evaluation to determine if you qualify for social security benefits.
Las Vegas Social Security Disability Claim Attorney (Popularity: ): Our Las Vegas Social Security Disability Attorney discusses SSI Denied Disability Claims & Social Security Law, Appealing a Social Security Disability Denial, Social Security Disability Qualifications & Social Security Disability Hearings.
FrancesPerkins.org: Social Security Numbers (Popularity: ): Answers to FAQs about Social Security numbers and cards. How do I get a replacement for a lost Social Security card? Can aliens get Social Security numbers?
Texas Social Security Disability (Popularity: ): What medical conditions will Social Security consider disabling? Just about any disease or disorder diagnosed by a doctor can be disabling under Social Security law. But Social Security has always had a special list of impairments (because they impair the ability to work) which helps them shortcut the decision-making process. This list is categorized by "body systems" and has specific required criteria under each condition.
Social Security Attorney (Popularity: ): Law firm offering legal representation for social security disability cases, handle social security disability claims, hearings and appeals.
Donald Dartt - Social Security Disability Insurance Attorney (Popularity: ): Social Security Disability Insurance, Social Security and Supplemental Security Income claims. Applications for benefits or pending claim.
Tampa, Florida Social Security Lawyer (Popularity: ): Attorney Scott Simkins, P.A., is a Tampa Bay Social Security Disability Lawyer Representing Those Seeking Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).
National Academy of Social Insurance (Popularity: ): Nonpartisan policy information on Social Security, Supplemental Security Income (SSI), Medicare and other social insurance programs.
European Social Insurance Partners (ESIP) (Popularity: ): Organization's objectives are to preserve high-profile social security for Europe, to reinforce solidarity-based social insurance systems, and to maintain European social protection quality.
Social Security Disability Lawyer (Popularity: ): Start your disability application today. Help, answers, tips and advice for winning your Social Security Disability benefits. The current disability application process in South Carolina takes approximately 24 months, sometimes longer. We can help you get social security disability by helping you with the initial application or filing an appeal if you have been turned down.