What is worse, paying social security or depositing into a C- or lower book?

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  • TheCentaur
    SBR Hall of Famer
    • 06-28-11
    • 8108

    #1
    What is worse, paying social security or depositing into a C- or lower book?
    A hypothetical joke, but I really feel there isn't a big difference in safety of your funds.

    It's really funny when you think about it. The government spent themselves into huge debt and failed to budget and invest properly, but they tax you and your employer on the premise that you can't be trusted to budget and invest properly for later years and need a safety net.

    What are your chances of getting a payout from a C- or lower book, 50/50? What are the chances someone under 45 gets all the social security coming to them?
    3
    With the Social Security Administration
    0%
    1
    With a C- book
    0%
    2
  • excel
    Restricted User
    • 03-25-10
    • 4270

    #2
    lol... what a conundrum
    Comment
    • pavyracer
      SBR Aristocracy
      • 04-12-07
      • 82666

      #3
      I would not play at B or worse books. There should only be 3 grades A+ D and F.
      Comment
      • jarvol
        SBR Hall of Famer
        • 09-13-10
        • 6074

        #4
        I've used sportsbetting for years and I think it is a D book. Never had a problem. Received payout from them earlier this month within a week no problems.

        The issue is choice. We have a choice whether to deposit and where to deposit. Social Security is not voluntary and was the world's largest ponzi scheme until Medicare was created.
        Comment
        • robmpink
          SBR Posting Legend
          • 01-09-07
          • 13205

          #5
          I've used lower rated books and have always been paid.
          Comment
          • UntilTheNDofTimE
            SBR Hall of Famer
            • 05-29-08
            • 9285

            #6
            why are people making this about sportsbooks? hahahahaha

            Social security is and always has been a joke. They just need to turn it over to a individualized account like 401k's . The social security fund was always a account that was not to be touched and to be distributed only to those that had contributed to it. But you have people on welfare and disability milking the hell out of it. The former would be a group of individuals that have never worked and thus have never contributed a dime to SS. Government financing there special interest groups with it. Comes down to no money being left in that account. Its a grim look for the future of people born in the 80's and 90's. More of which im doing all i can to prepare for the future.
            Comment
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