I mean social security, the babyboomer generation are retiring now and they are all collecting. Will there be money left for us when we retire?

There'll probably be nothing left in 20 years, maybe less.  People are retiring earlier and living longer than ever.

I agree with coknuck the government has tapped the SS ever since it started .If they hadn't there would be more than enough.
Heres my thoughts.The government will keep SS running because their not going to give up all that money the can tap.
The baby boomers that don't get sick will travel or spend their money in some way A good many don't depend only on SS.Some of this will supply money for the next generation.
The one problem I have is that if a senior citizen gets really sick then to get Medicade they have to loose almost every thing they own.To qualify.
Let some unmarried little slut with 4 kids & one more on the way apply & she gets Medicade no problem because she already doesn't own anything.This needs to be corrected.

I resent the F#@& out of welfare. Like Cholla said why should we pay for some bitch that gets pregnant. Make her & his parents pay. They should sterilize the bitch to get on welfare so they don't have more kids to add to he welfare rolls and cut his nuts so he can't repeoduce.

alan8187 lets take a look at this.
What's FICA again?
12.4 percent of your earned income must be paid into Social Security, and an additional 2.9 percent must be paid into Medicare. (so we have 15.3% there).
And don't buy this "If you're a wage or salaried employee, you pay only half the FICA bill (6.2 percent for Social Security + 1.45 percent for Medicare), and the tax is automatically withheld." It is necesary to figure this is part of your check when they pay you. Otherwise you would make more and have to pay it anyway.

Or if you are me this happens. "If you're self-employed, however, you're expected to cough up both the employee and the employer share of FICA."

The gov't takes this money and sells it to banks to let you and me borrow at interest.

Definition of Prime rate."The interest rate banks charge their best customers."
Prime rate 8.25% Updated:  New York, Jul 19 23:39

Average income in U.S.
Real median household income remained unchanged between 2003 and 2004 at $44389

"the unemployment rate was unchanged at 4.6 percent"
"The number of unemployed persons (7.0 million) was essentially unchanged
in June"

Now let's do some simple math.

7 million people is unemployed at 4.6% telling me  that 152,173,913,043,478 people worked last year @  $44389 annual salary. Making a grand total of $6,754,847,826,086.95 million in payroll.

Paying in @15.3% Social Security. Making a grand total of $1,033,491,717,391.30 million in S.S. $$$ per year rough average.

or on an individual basis.  $44389 X (age 16-66 working age)50=$2,219,450 average income in lifetime. Lifetime paid in SS = $339,575.85 plus they get to loan your money at about 7.25% back to you to buy a home or what not.(or more if they decide they need to.
Now banks make about 1% interest on a loan. So 7-1=6% interest the gov't makes on our SS $.

So keeping this simple. Let's say a $100,000 mortgage.
$601.69 X 50 payments =$361,014 minus the original $100K means they have made 261,014 on just $100K

So let's take your original  $339,575.85 and put that in and we get $2043.18X600 payments = $1.225,908

Roughly speaking of course.

Now an individual lives about 75 years. And retires at 67. Now he is expecting to draw about $1000 per month. So 8 years X 12 months=96 payments @ $1000 =$96,000 expected to get back off of our $1.225,908.

Now I don't know about you, but I want my little part of the DAMNED $$$$$$$$$
I hope that was simple enough. 

You won't even see the part you actually paid in in the first place! If you live long enough, and get to draw it out.
Now remember, that was just what was paid in in SS!
What about the rest of the taxes?