Posted on 01/20/2023 2:11:06 PM PST by Sam77
Former President Donald Trump laid pressure on Republicans in Congress not to cut Medicare and Social Security.
Trump said the Washington bureaucrats should bear the pain of President Biden’s reckless spending on “left-wing lunacy,” not senior citizens.
(Excerpt) Read more at dailyfetched.com ...
No, it’s just the only Ponzi scheme that has the force of the government behind it coercing every person to join the scheme so there is always a steady supply of new victims. Until the demographics turn against us.
“If SS runs out of money, Gov has to cut benefits or raise taxes. Let the Ds make that choice.”
They’ll just choose option 3: keep printing money to devalue the benefits. The people are too stupid to realize that is just another tax.
Social Security was not intended to be a welfare program.
If you like welfare then go vote Democrat.
Republicans will be blamed for Social Security when it fails. There’s a dumb way to do things and then there’s the dumb way of not doing anything. Now that Republicans are more in favor of big government than Democrats I don’t see where they’re going to get anywhere.
Of course SS is a Ponzi scheme.
You think your SS check is from money YOU made? Nope that money is long gone to those went before. You're getting paid by today's young working folks.
Definitely a pyramid/Ponzi scheme. If the generation didn't pay up, YOU'D not get your SS check.
SOMETHING has to be cut. Trump just ran up $8T (look it up) in our national debt in just 4 years, which was a 40% increase.
Blame covid for that if you want, but money was blown, and now the belt must be tightened.
And why must these social programs be sacred cows? I guarantee you, if you pull back the covers on what all is listed as “social security” there are likely huge things that could be cut.
How about social security payments to those suffering “gender identity issues” because that is in fact something they can collect on.
So give me a break these programs can’t be touched. Maybe not priority #1 but nothing should be off limits. Trump sounds like FDR himself.
That’s a winning message.
Mothers, you should vote democrat if you want respect for your work.
If SS runs out of money, Gov has to cut its $3+ TRILLION unconstitutional spending on its Left-Wing Lunacy projects and definitely NOT raise taxes.
Raising taxes would be a disaster. Taxes need to be CUT and the 80%+ unconstitutional portion of feds needs to be DISMANTLED!!!!
A Ponzi scheme is entered into voluntarily. SS is not entered into voluntarily, rather at the barrell of a gun.
Lindsey Graham is the idiot who keeps raising it every few years trying to show he's fiscally conservative. He goes on every talk show saying how seniors have to take less and the Democrats then just beat him and the Republicans over the head with it. Forget about what's right, it's just dumb politics. Republicans are like Charley Brown trying to kick the football from Lucy. There's a reason they're known as the Stupid Party.
How can the criminal federal government go broke when they are wasting trillions on stupid, brainless projects that go nowhere?
Cut the $3 trillion 80+ % unconstitutional portion of the feds and high taxes and deficits will disappear overnight.
How about the $3+ trillion unconstitutional portion of the feds? It's a start.
Is it in Rick Scott’s proposals?
Voluntariness is not the central point of a Ponzi scheme. The necessity of more participants to pay those above them voluntary or not - THAT is the point of the Ponzi pyramid.
Of course, it’s a Ponzi Scheme! It fits the classic definition. You need significantly more ‘investors’ - those paying in compared to those receiving benefits - retirees. In 1940 the ratio of those paying in compared to those receiving benefits was 159.4 paying in for every one-person receiving benefits. Now (2013 data) its 2.8 investors\those paying in for every one-person receiving benefits. I’ve seen reports its at 2.4 now. You don’t have to take my word for it here are SSA’s own numbers.
https://www.ssa.gov/history/ratios.html
You’ll notice that ratio was pretty flat - approximately 3.3 until 2008, now it’s falling again.
Why is this happening? The system was set up with 1930s life expectancies. You weren’t supposed to live long enough to collect it. Also work participation numbers have dramatically fallen. Fewer people working paying in chasing more people (living longer!) receiving. You can also take out way way more then you pay in. Consider the case of Ida May Fuller the first SS recipient. Ms Fuller was in the SS system for a little short of three years and paid a total of $24.75 in Social Security tax. However, she collected a total of $22,888.92 in Social Security benefits. There have been tens of thousands if not hundreds of thousands of Ida May Fullers. Again, you don’t have to believe me. Here’s Ms Fuller’s SS tax history from the SSA website.
https://www.ssa.gov/history/idapayroll.html
Congress of course has robbed it starting with LBJ’s administration. They continue to do so! They’ve also let people receive benefits who paid little to nothing in. (Wait until the political pressure builds to let in all the illegals! It will happen! Count on it!) However, these examples of Congressional irresponsibility are nothing compared to the fact that it’s a Ponzi Scheme built on 1930s life expectancies & work force participation demographics.
Interestingly enough the financial\insurance community when testifying about the proposal during the FDR administration warned that this would eventually happen. But what did they know compared to the deep knowledge of the Ivy League genius lawyers of the Roosevelt administration.
“How can the criminal federal government go broke...”
I didn’t say THEY would go broke, I said WE would go broke.
And then we open the borders!
WE will only go broke if those idiots tax us to death.
For better or worse, that’s just political sense. If you try to cut entitlements, you lose the opportunity to do anything else. Democrats accuse Republicans of wanting to cut Social Security anyway, and if Republicans are stuck with the label, they don’t get elected.
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