Posted on 01/21/2023 10:57:10 AM PST by SoConPubbie
He will fix it.
When he’s back in office, I’ll be tired of winning again.
Social Security isn’t operating in the red right now. As Reagan said, those who blame Social Security for our federal deficits and debt (here’s looking at you, Mitch McConnell), are lying or ignorant. The Social Security tax, plus interest on Social Security bonds, currently covers the cost of Social Security payouts. Those who want to cut Social Security payouts seek to use the Social Security tax money to pay for their own pet programs, like foreign aid and social services for illegal aliens.
They’ve dipped their toes in so why not right? 😡
Years ago the Tenn legislature sued, on behalf of their constituents, the Soetero Administration over having to cover Medicare/Medicaid payments to the refugees that were settled in the state by Soetero. Suit was that since the refugees were being forced on them, the Tenn taxpayers shouldn’t also be forced to pay the bills. The Reds should.
The Tenn legislature had to hire outside counsel to represent it and that was used against them.
Eventually the case was tossed. The judge said that since neither the Governor, nor the Tenn AG, participated in the suit, the legislature had no STANDING. Hard to imagine that the elected representatives closest to the people had no standing.
Right now Florida is suing to force the Biden administration to enforce immigration law, as it’s required to do. I’m assuming it’s in response to the recent boat people showing up on Floridas shores.
How wonderful would it be if EVERY state signed onto the Rlorida suit and that same group also picked up the baton from the Tennessee lawsuit and refiled it?
All of that leads to me asking, how great it would be to get all these illegals off Medicaid/Medicare, SSI, and any other entitlement that is helping bleed these programs?
Old article but why were they getting them anyway?
https://www.cbpp.org/research/thousands-of-poor-refugees-face-loss-of-ssi-benefits
In short - Trump suggests that if we can considerably grow the economy the additional tax revenues from a higher growth economy can cover the IOUs owed to the social security fund.
I would vote for that solution if it was written into law that all federal income tax revenue exceeding budgeted/expected income tax revnue MUST be dedicated to paying off “federal debt” beginning with the IOUs held by social security to the extent covering those IOUs is needed for covering benefit paymemnts. Unless such an economic growth solution is made into law, it is no guarantee it is a long term, long running solution.
That's correct.
The childishly simplistic idea that mere "economic growth" will fix long-term Soc. Sec. liabilities completely ignores the past reality that all extra government revenue growth, and more, has always been immediately SPENT on everything from tranny-appreciation programs to green-energy scams to overseas wars.
So, Trump just wants us to allow all these programs to remain uncut, running up our deficit, just as he did while President, until, he hopes, he’s elected again. Then he finally promises to do something, if, he were to somehow win.
Forget it. Sounds like Cloward-Piven in action actually. A lot of these programs are likely ripe for some cuts, since they’ve already been hiding behind “social security” for decades.
Social Security Programs in the United States
https://www.ssa.gov/policy/docs/progdesc/sspus/index.html
Social Insurance Programs
Old-Age, Survivors, and Disability Insurance (OASDI)
Old-Age, Survivors, and Disability Insurance
Unemployment Insurance
Workers’ Compensation
Temporary Disability Insurance
Health Insurance and Health Services
Medicare
Medicaid
Programs for Specific Groups
Veterans’ Benefits
Government Employee Retirement Systems
Railroad Retirement
Assistance Programs
Supplemental Security Income
Temporary Assistance for Needy Families
Food and Nutrition Assistance
Housing Assistance
Low-Income Home Energy Assistance
General Assistance
“The childishly simplistic idea that mere “economic growth” will fix long-term Soc. Sec. liabilities completely ignores the past reality that all extra government revenue growth, and more, has always been immediately SPENT on everything from tranny-appreciation programs to green-energy scams to overseas wars.”
Yes. Even under Trump, on the excuse it was needed due to Covid, federal expenditures went up $1 trillion plus. And maybe if that had been the end of it, and no 2nd Covid “stimulus” and no additional Joe Biden trillions, tax revenues now COULD HAVE exceeded budgeted/expected tax revenue and even made a “surplus” which could have started to pay down federal debt and/or covered IOUs that Social Security had to cash in. But it would not have held up, to that purpose, or into the future (which is what is needed) unless a law tied Congress and the President’s hands to insure it would be done.
You prefer Biden. We get it.
That sounds like a mere fantasy nowadays.
“But do not cut the benefits our seniors worked for and paid for their entire lives. Save Social Security, don’t destroy it.”
Trump’s exact words...He was referring to the SS retirement and medicare pkgs for those over 66 years of age who worked and paid for it...
he did not refer to the other plans under the SS plan...He has, in other comments, said a lot of these have to be eliminated (the border protections he would impose)
Trump was an outstanding President and would be even more outstanding if he has some help instead of opposition for “professional politicians of BOTH parties)
Easiest fix in the world
Take all non-citizens off
IF one is accepted into the country and if mom and dad are accepted too they can get on ss.
Cut that out.
End SSDI
End all government retirement plans. Roll them into SSS.
Voila, all better.
“That sounds like a mere fantasy nowadays.”
Minus the excessive Covid “stimulus” bills, and minus Biden, it could have been possible - according to current revenue due to the Trump tax cuts.
No, I'm simply to the right of Trump. Where we don't like people telling us big government budgets are untouchable. Especially from those that already have a history of running up record deficits.
I think he has a rally tonight.
I’m watching Diamond’s funeral on RSBN now, and he’s supposed to speak.
Here’s a path to a solution. I think it has to look something like this, because simply cutting benefits in the short run is too draconian:
Pick the right actuarial age, maybe it’s 45, maybe it’s 50. That part I leave to the actuaries. Offer the individuals over that actuarially calculated age to continue benefits as before for those over that age.
For those younger (mandatory) than this, and for those older who opt for this, provide a one-time buyout into their private account. Again, the exact amount of the buyout I leave to the actuaries. The investment vehicles in the private accounts would be similar to the “Target 20xx” accounts that many investment houses offer today. But from that point on, individuals are on their own. The government does not get to, in any way, shape, or form, get to vote on any corporate issues. Hard wall between government and corporations.
This is all very high level, and some more extreme cases will fall through the cracks. Yes, there will be pain. Hopefully, families and charities can ease that pain. But properly done, it will avoid the coming certain disaster that will hit all of us.
Similar programs to be created for Medicare.
Every year that passes by the unfunded future liabilities will shrink as people die off. Eventually, 40 or 50 years later, the unfunded liabilities will be zero.
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