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View Diary: Poll: Public rejects Obama budget (237 comments)

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    vigilant meerkat
    It is the fault of Congress, not of Social Security.
    So what?
    It makes no difference.
    It makes all the difference in the world. If your car gets a flat tire you don't start by blaming the tires that aren't flat.
    As to ROI, you used that phrase, not me.
    yes, but that is what you meant.
       I have no problem with you saying it. It's a worthy point to bring up.
    Social Security is extremely expensive -- up to $1135 or so per month.
    Pretty lousy insurance.
    Well for starters, you are only mentioning the potential upfront cost. That doesn't cover everything by a long shot.
      Secondly, you aren't taking into consideration efficiency. SS administrative costs are only about 4 cents on the dollar. That's very efficient. More efficient than most private sector insurance.
       Finally, SS buys one thing that private insurance can never provide: social stability.

    ¡Cállate o despertarás la izquierda! - protest sign in Spain

    by gjohnsit on Wed Apr 17, 2013 at 02:57:09 PM PDT

    [ Parent ]

    •  That's nice about administrative costs, but (0+ / 0-)

      efficiency is a matter of what you get out of something, not just how cheaply you hold on to it.

      As a (poor) metaphor, a car with a supremely efficient engine that still manages only 8 mpg because of its heavy weight would still be a gas hog.

      If you are going to call SS insurance, then its' fair to evaluate it as insurance, and that means how much does it pay off when you need it?

      I tend to think of Social Security differently: as a social welfare program.  One very big reason for that is the 90->32->15 payout schemes.  Higher (but still middle class) earners subsidize low earners to their own detriment.  I can see one major benefit of admitting what Social Security really is: the straight-faced ability to ask why millionaires are not asked to make the same proportionate contributions that lower-income workers make, or why non-payroll income should be exempt from contributing to SS>

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Wed Apr 17, 2013 at 03:37:18 PM PDT

      [ Parent ]

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