Posted on 04/07/2023 6:53:16 PM PDT by John Semmens
The Board of Trustees for Social Security now predicts that the program will run out of money to pay beneficiaries by 2033. The problem is "higher-than-expected inflation rates and lower-than-expected output growth. The mechanism for restricting the annual cost-of-living adjustment (COLA) to the lesser of the increase in consumer prices or wages enacted in 1983 won't be enough to stave off bankruptcy. Some new way of decreasing the benefits paid out must be implemented."
Secretary of the Treasury and Managing Trustee of the Funds Janet Yellen pointed out that "when Social Security was first enacted in 1935 average life expectancy was 62 years. Today it's 79 years. In 1935, the average number of births per woman was 3.0. Today it's 1.66. Since increasing the birth rate would be environmentally harmful, decreasing life expectancy is our most viable point of leverage."
"One of the most obvious policy changes needed for decreasing life expectancy is to increase the frequency of euthanasia," Yellen observed. "Other countries and a few progressive-leaning US states have made euthanasia more widely available and easier to carry out. A federal law making euthanasia a nationwide right combined with a robust campaign to encourage more people to make this sacrifice for the common good is the least coercive measure we have for solving the problem. The growing poverty that would ensue as the COLA adjusted benefits continue to fall behind what's needed to live comfortably will make choosing euthanasia the most practical and merciful option for a growing proportion of our population."
Yellen did not rule out the possibility of "making euthanasia mandatory at some future date if the efforts to achieve voluntary participation prove inadequate. A nation cannot indefinitely continue to bear the burden of an elderly and nonproductive population cohort. An orderly method of disposing of this burden is a must."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.freedomsphoenix.com/Opinion/342006-2023-04-07-semi-news-semi-satire-april-9-2023-edition.htm
The Republicans should take this issue and run with it.
Trump had already weighed in
https://freerepublic.com/focus/f-chat/4143560/posts
Discuss amongst yourselves.
If the federal government quit giving money to people who never paid into Social Security and paid back all the funds that were taken to “balance the budget,” there would be plenty of money.
Then again, it is socialism and the problem with socialism is eventually they run out of other people’s money.
Then you pay it out of general Funds..period...to make people wait until 70 or 75...is ridiculous. Employees don’t want people that old...not even close...
SS suffers from the same problems many of us do - high inflation and in the same time shrinking market.
A message from the boss:
04/07/23 | Jim Robinson
Wouldn’t it be great if we could complete this FReepathon in under 60 days? Please get your donations in early and let’s get ‘er done! Thank you very much! Your support is greatly appreciated! God bless you.
but no bankruptcy when it comes to paying illegals a trillion or so per year as they exploit every gov program and law known- Nope, there will always be money for them- and our gov loves givign money to terrorist nations- so that’ll never run out either
This is from the mouth of Treasury Secretary Janet Yellen her own self ... unbelievable!
Belay that - this is SemiNews .... sorry
I have a better idea. Fire the top 25% of the DOJ and FBI for allowing FBI actors to entrap US citizens as ‘insurrectionists’. Offer them ‘no charges, no retirement’. Take their retirements and donate to Soc Sec Trust Fund instead.
25% of DOJ is too small of a group (30,000) to have much impact on SS trust fund balances.
I suggest cutting the fed workforce by 50% (900,000) and send the salary savings to the SS fund.
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