General Discussion

RobertEarl

(13,685 posts)

24. Good idea

Sat Dec 14, 2013, 12:50 AM

Dec 2013

Thinking out loud here...

What if the SS funds were invested in home loans? Home loans and government loans for roads and infrastructure?

I'm not good on the math, but I do believe that a 5% interest rate on a 30 year loan comes out to about a 300% increase on the principal. Meaning, to payback a $100,000 mortgage over 30 years you end paying close to $300,000 in those 30 years.

Of course such and idea would crush the banking system... at least severely cut it down.

Iirc, SS is raised on 15% of wages. So at a $100,000 a year wage you pay 15,000 in. Amortized at 5% over 30 years, that would be worth $45,000 at the end of 30 years. (Used to have an amortizing book but checked it awhile back, so any body keen on amortizing feel free to correct me.)

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It's time. Soc Sec needs to be expanded to age 50. If Congress cannot provide a job before [View all] CK_John Dec 2013 OP

That has about as much chance of happening as me becoming doc03 Dec 2013 #1

Right. In_The_Wind Dec 2013 #2

That's what they told FDR. CK_John Dec 2013 #3

We don't have FDR or his congress n/t doc03 Dec 2013 #4

Then it's our job to send reps to the next Congress that can do it. CK_John Dec 2013 #6

I think the ACA has pretty much eliminated that doc03 Dec 2013 #23

Just FYI, SSI is disability for the poor/those who don't qualify for Social Security disability. El_Johns Dec 2013 #5

I meant regular SS, will edit. CK_John Dec 2013 #7

Thanks. I wouldn't have corrected you but that people get the two mixed up & then you get El_Johns Dec 2013 #9

That should be a long way down the list of spending priorities, frankly. Donald Ian Rankin Dec 2013 #8

The real problem is Cyber era productivity can not produce enough jobs. CK_John Dec 2013 #11

Unfortunately, the conservatives already have that one figured out. Archaic Dec 2013 #16

You raise legitimate concerns. JDPriestly Dec 2013 #17

So true sandyshoes17 Dec 2013 #10

45 is about to be the new 55. Archaic Dec 2013 #15

K&R! Phlem Dec 2013 #12

rec'd and agreed.... mike_c Dec 2013 #13

I work with a ton of people holding on for dear life Archaic Dec 2013 #14

If I took Social Security now, I'd be impoverished for life Lydia Leftcoast Dec 2013 #18

My folks are in the same spot from the SocSec point. Archaic Dec 2013 #19

K & R AzDar Dec 2013 #20

Damn right! n/t ReRe Dec 2013 #21

I call TOTAL Bullshit. Coyotl Dec 2013 #22

This is certainly true. Enthusiast Dec 2013 #27

Good idea RobertEarl Dec 2013 #24

Money at the national level(any nation) is a concept. It appear when needed such CK_John Dec 2013 #25

SS has been funding the government RobertEarl Dec 2013 #26