How the hell does SS outperform any investment when it’s not invested? What the hell does even mean? I’m in the financial services industry, and my impression from your contribution to this thread is that you lack even a basic understanding of how insurance, pensions and markets work, just to react to your first sentence here, BTW. You ignore the facts you don’t like and offer non sequiturs. SS has outperformed the S&P, eh? Well, so has my toaster! So there!
Johnny, 22 years?
Yes, 22 years. That’s what I get when I post just before going to bed.
I was gonna say… he must have gotten one hell of a nice watch at his retirement party.
They pretty much stood him in front of Big Ben and said, “Here.”
The first draft of that post was, “did they give him a watch, or a whole clock tower?” 
Seriously, though. Dad put in two or three years in the Army, 20 years in the Navy, and 22 years in the FAA. He worked for the government all of his life. He took his job seriously, took pride in his work, and put in the extra effort to ensure his ‘customers’ were more than satisfied.
So when someone comes along and says that civil servants have sloppy work habits because ‘their jobs are secure’ it pisses me off.
Great minds, don’cha know.
I’m delighted to see we now appear to be in agreement on almost everything we were differing on before! Just to explain this final point of contention, SS has over two trillion dollars invested in US government bonds, and bonds have outperformed stocks for some time now. The point I’m trying to make here is that if the campaign to privtise SS had been successful in privatising SS a few years ago them the people who had invested their 2005-era dollars in whatever equity funds had been set up to manage the SS money would not be celebrating today. SS is an oasis of security, safety and stability compared to American public and private pension funds, easily the best value for your retirement dollar you can find.
What is it you do in the financial services industry?
What he’s probably doing is wishing he could get his hands on some of that SS money. And I’m not talking about the share that he will eventually receive…
If you take offense at a statement that is that general, perhaps you should reconsider how you feel about your father’s work (which I assume didn’t last for 220 years).
Did anyone else see the tag for the latest Threadspotting (“I can’t believe I read the whole thing”) and worry it was linking back here?
Haven’t you learned to read the rest of the thread before you reply, you retarded whore? It was already pointed out and admitted as a typo of 22.
Okaaay…
Social Security and Medicare both run in the red - you consider that to be even competent, much less excellent value?
You keep ignoring that it is a ponzi scheme.
That isn’t quite true. Insurance companies (at least medical - I have no experience with other forms) are required to have that reserve before they start taking in premiums. Otherwise, they will not have the money available to pay claims should enough come in prior to their building a reserve. Such as is happening with SS.
And SS isn’t insurance, it is a pension that is paid out when someone becomes disabled, retires, or to survivors when someone dies under certain circumstances. I suppose an argument could be made to say that all pensions are insurance policies, but that is as close as SS gets to being insurance.
“simplified administration” is all they say? What does that mean? That it is simpler to administer only one benefit for each procedure? That it is significantly easier to deal with Medicare than the average private insurance company? What?
You are such an asshole. One tiny mention of his typo and you call me a retarded whore? Must be nice to be perfect…
:rolleyes:
It’s the Pit and I don’t like you, so I’m calling you nasty things because I find it enjoyable. You vapid bitch.
SSI (not the same as SSDI, but also administered by the Social Security Administration) is paid to, among others, disabled children who never worked a day in their lives. That’s not a pension. That’s insurance (or a handout, or something, but it sure isn’t a pension).
Such a pathetic life.
I consider it a handout, but since some private pensions do the same thing (or they used to, back when unions flourished), I’d say that SS is closer to a pension.
Hey, it’s **my **taxes paying your SSDI, you parasitic rich slut. Go ask your sugar daddy to buy you another car or something.
Tell us more about these private pensions that gave money to people who were neither former employees of the company that owned the plan nor dependents of a former employee who had earned a pension.