Posted on 08/21/2023 1:33:37 AM PDT by Enterprise
Chris Cristie has called for means testing SSI starting at 80K / year and phasing it out for those making over 200K per year. Wealth redistribution at it’s finest.
Christie knows Biden will be bringing in another 7 million or more illegal immigrants who will overwhelm our Social Security and Medicare programs as soon as they are granted amnesty.
So, I agree with Christie that changes are needed. The should be that no one who entered the US illegally can receive Social Security or Medicare for 25 years after their most recent illegal entry. Fifty years would be fine, too.
Wealth distribution is what social security actually is!
If you are retired, it’s not your money you are receiving paying your benefits. Its money being paid into the system by those currently working as it was when you were working. In 1940 there was something like 15-16 workers paying in for every SS beneficiary receiving, today is like 2.8-2.4. Also, it’s not your money! People need to stop saying that! You have NO property rights in the money you paid in. There have been several federal and USSC cases confirming that. If it was your money, it would be an asset which you could leave to your heirs! You can’t!
This is just another program put in place by FDR and his Livey League lawyer cronies. It sounds good superficially works for a while but blows up to the detriment to one and all long after they are long gone!
Read and weep!
https://www.ssa.gov/history/ratios.html
You can take out way more then you put in. Check out Ida May Fuller - the first SS recipient.
https://www.ssa.gov/history/idapayroll.html
I am not saying this to defend Christie, occasionally Fat Boy moves his blubber out of the way and gets things right. This is one of those times!
We need these cuts so we can fund more sex changes and womb transplants.
Hey Governor Gluttony, stop calling Social Security and Medicare “entitlements”. It’s the contractual obligation for using our money for 50 years, interest free, you freeloading whale.
SSDI comes completely out of SS funds and SSA administers SSI which is paid from the general fund.
According to the Social Security Administration:
SSDI - Social Security Disability - is paid out of the Disability Insurance Trust Fund (created in 1957).
SSDI benefits are paid to workers for temporary and permanent disabilities. A worker must have accrued enough work credits to qualify. A full benefit amount for an individual is based on what their social security amount would be at FRA - full retirement age. If someone is determined to be 100% permanently disabled at 50 years old, their monthly benefit will generally be the amount calculated to be their full retirement benefit. Those statements we all get from SSA show the numbers.
SSI - Supplemental Security Income - is paid out of the General Fund.
* you are 65 or older, blind or disabled;
* you are a U.S. citizen or lawful resident;
* and you have very limited income and financial resources.
In 2023, the SSI standard for limited income is income of up to $914 a month for an individual or $1,371 a month for a couple.
Regular Social Security is paid out of the OASI Trust Fund: Old-Age and Survivors Insurance.
I recall reading a few years back that the DITF has historically been more solvent than the OASI Trust Fund. Not sure if that’s still the case.
The stupid talking heads will make it that Republicans want to eliminate SS.
SSI is welfare for those who never worked long enough to qualify for SS. And it is also used for income based on minor children. I’ve seen Them all at my SS office
Don’t want to work anymore? Fonda disability lawyer and retire early.
And there are no trust funds or lock boxes. Only IOUs
That sounds like a pretty big catastrophic issue. What's his specific plan? Why has he not been publicly calling on Congress to address this?
Is he proposing any changes in welfare and medicaid?
Another Republican joins the death march...
These guys are experts—at losing elections.
Christie the idiot:
“Social Security will be bankrupt”
Lol.
There is no bank to be bankrupt.
“rearranging the deck chairs on the Titanic.”
He has more chance of dying from COVID than ever holding office again.
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