Say it louder, and look into the camera!
Posted on 05/11/2024 11:59:50 AM PDT by where's_the_Outrage?
Say it louder, and look into the camera!
Stop sending money to Ukraine and problem solved.
you sound vaccinated. how much do you make to ra ra for Pfizer
The Disability “fund” is in better shape than the retirement fund.
But the big lie is that there is no fund at all.
They are T Bill’s. Federal IOUs.
Nothing new. I was supposed to get va health benefits for life and then they changed it to means testing. So I didn’t get it for decades.
They can always print more money.
Rest assured, I was agreeing with you. I’ve seen abuse of the system, too, and reported it. I also know that there are folks who truly need it. Moreover, not all disabilities are visible or obvious to the naked eye.
We are on the same side. Sorry if my post came across indicating otherwise.
Nope. The SSTF contains interest bearing, non-market T- bills backed by the full faith and credit of the USG. SS has been running in the red for a number of years, I.e., benefits paid out exceed revenue collected. T-bills redeemed from the SSTF make up the shortfall.
When the SSTF is exhausted, by law, benefits must be reduced to the level of revenue, which is projected to be about a 20% cut.
Today’s workers pay for today’s retirees. In 1950 there were 16 workers for every retiree. Today, it is less than 3 and by 2030 it will be two. SS must be reformed by either decreasing enefits or raising taxes or some combination thereof.
SS has an actuarial problem. No one stole the money. When something similar happened in 1983, Reagan and Tip O’Neil struck a deal that included raising the retirement age, increasing the payroll tax, and forcing federal employees into the system.. The solution was supposed to last 75 years. Obviously, it hasn’t worked. People are living longer and COLA’s are increasing more than revenue and the ever rising salary cap that controls how much of one’s salary is subject to the FICA tax. 80% of Americans pay more in payroll taxes than in income tax.
That was a coup.
It’s what the criminal CIA does.
“IIRC, it is draining funds to cover disability that is causing the problem. And “disability” is, IMHO, mostly a scam.”
I personally know 3 people on disability. One is a faker but got an attorney and won their case, and now lives a normal life of leisure. The second had a stroke and lost sight in one eye, but is otherwise healthy and carries on life normally. The other has Parkinson’s and is losing ability to function daily. IMO, only the Parkison patient is truly disabled and deserves supplemental disability income because they cannot work.
The concept of a “Trust Fund” is laughable.
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That’s what I’ve always understood. SS goes right into the general fund like everything else and is spent. It’s not sitting in a bank somewhere collecting interest.
Yeah, my neighbor John, lives a mile south of me, a darn good man, fought for his country in this little happy-go-lucky place called The Republic of Vietnam. Took an AK round in the back, another 1/2 inch to the left and he would have been paralyzed. He hurt so bad he had to give up farming because he couldn’t sit in a tractor because he hurt so badly. The VA screwed him for ten years before giving him disability. I figure there is something seriously wrong with a nation that gives my tax dollars away to another country and doesn’t seem to care about a Patriot. John didn’t ask to go there, he was drafted and went because. Sorry for the long post.
Medicaid, WIC, SNAP, and all the various welfare BS should be decreased before social security. I think it’s about 1/2 of the budget or something equally obscene.
But, once again, they target people who actually worked their whole lives instead of the Democrat base of freeloaders.
Sure, he was hanged, but we stayed on and on and on until we wasted huge amounts of money and thousands of lives trying to create a democracy or something. It just wasn’t worth it in the end.
CONgrift could be in for a rude awakening in the near future if Social Security doesn't continue to be stable.
how about eliminating fake DD claims....
how about NOT giving SS to illegals....
HOW ABOUT PUTTING ALL OF THE FEDERAL GOVT ON SS AND MEDICARE?...maybe then it might be important to them....
Don’t reduce social security, make up the short fall from congressional salaries. Start now...no...make it retroactive. If they aren’t living out of their car and working a part time job to make ends meet they are overpaid.
I remember reading about a Chinese woman who immigrated to NY to be with her children, who were already here.
Within a few years, without working, she was somehow able to get around $300 in SS and other welfare programs.
It stuck with me all these years because she was getting more in SS payments than my AMERICAN grandmother who had worked since she was 8 yrs old.
The same thing happened to my husband, a Vietnam Vet who died of Agent Orange poisoning.
For YEARS the VA jacked him around. We learned that their motto is: “Deny, deny, deny and hope they die”. He never saw his disability compensation, but I kept fighting and receive a portion of what should have gone to him.
Illegals and foreign countries get our tax dollars in a heart beat, but AMERICAN HEROES? That’s another story.
God bless your neighbor and all our wounded Vets.
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