Because the Dem’s are raiding the fund giving money away to illegals.
Social Security Panic has been going on since I was a kid in the ‘60s, I thought I would never get a penny of it. But I have been collecting it now for 8 years, And expect to until I croak.
I will take “What happens to Socialist Ponzi Schemes” for $1000 Alex.
What a load of bullsh*t! How much has been spent on illegals? [spit]
They never talk about running out of money for welfare and handouts for the gimmedats.
“The Social Security program is nine years away from insolvency, the Social Security Board of Trustees said Wednesday.”
Oh, good. Just in time when im supposed to apply for my social security.
Spend all these years involuntarily paying into the system and then when i go to get my money back, “your money is gone. Get lost.”
The file cabinet is still there.
We are good.
Lol.
It will be mostly peaceful.
Why fix a problem. The point is getting elected.
The job is raising campaign funds.
Grandma don’t campaign.
Socialized medicine allows the leadership to create protocols that ensure 65+ folks go home early. It’s called a “perverse incentive”.
There are measures that can be taken, that would extend the life of SS/Medicare, until they can be replaced or reformed: 1) eliminate the “donut hole”, 2) gradually increase the retirement age for younger workers, 3) increase the payroll tax rate, 4) eliminate COLAs, 5) do a better job of policing disability payments. Others? These aren’t going to be popular, but if the alternative is insolvency and automatic cuts to benefits they may be necessary.
John McCain once said that fixing Social Security is simple: “Just tweak the knobs.”
After the democrats raided Social Security and Medicare for many years Hillary said they put it in a lock box to end it.
AKA tapped out but the hospitals are still full of illegals wonder what else they are draining to keep that going?.
NEVER TRUST A DEMOCRAT WITH ANYTHING
Social Security is the biggest financial scam in the history of planet Earth. Imagine the good that could have been done with ALL (empoyee& employer) the funds being placed in individual accounts out of the reach of government. American workers would be the ones retiring rich, not the thieves.
There are x number of persons on Medicare (and Medicaid) whose death has been announced on the internet by the Funeral home, yet the taxpayer is still paying “capitation” to the IT company and to the Medicare Advantage and Medicaid CMO and to others to carry these dead people.
The government catches up with what the Funeral Home has told the government .... eventually in ....most cases.
What % are caught in 1 month? In 2 months? in 1 year? in 2 years? in 10 years? in 20 years?
If total capitation is $5,000 per month times 1 person times 300 months (which is not rare) is that $15 million? If there are 1,000 such dead persons in the use how many billion is it?
But wait, capitation paid for dead people is mostly caught in 3 or 4 months. If capitation of $5,000 is paid on 100,000 dead people month after month how much is it? It is the same dead people for only 3 months in this example. But it is roughly the same number of people month after month.
Question: When the Funeral Home Publicly publishes the death on the internet and promptly (within 7 days) notifies the government of the death, why is the government so slow to update its database?
Is is Waste, Fraud, or Abuse when an IT company or insurance company that is paid a capitation does not update its database?
But what explains the slow government bureaucracy in the process?
The above is about dead people in the database.
A similar question could be raised about the duplicate people in the database...One person with 2 or more ID.
“Illegal immigrants are claiming billions of dollars worth of Medicaid and other US benefits, according to data uncovered by the head of DOGE’s border team”
“Elon Musk is claiming Social Security numbers were handed out last year to more than 2 million immigrants who entered the United States illegally.”
Could illegal aliens be our biggest problem when it comes to this?
Congress spends the money from social security and have been since the mid 1960’s. Plus the illegals are getting SSI, medicare etc. Congress in 2021 spent an extra $2 trillion that caused the massive inflation and price hikes on everything just so they could have a new baseline for spending more of our money.
Congress could cut that recent $2 trillion in spending and the economy would improve and with the illegals gone the social security program would also have more money. Even more if congress did not steal from the fund every year.
“We are running out of time to phase in changes gradually and avoid harsh cuts, sharp tax increases or unacceptable borrowing.” This is true of the entire US Budget not just SS.
People should quit going along with the fiction that SS is some special fund that is managed separately. It isn’t sacred and no one has legal obligation to a check. The check you get today is a politically determined payout. If Congress wishes to “fix” SS they could do so.
But since any said fix involves cutting benefits and raising taxes it is not happening until the US has a budget crisis. The crisis when only start when we have to pay 18% interest to borrow money.
The so called Trust fund is just book keeping sleight of hand. Thisfund holds US Treauries. The 12% takers from us goes to the US Treasury where it is immediately spent. The Treasury then gives SS an IOU for an offsetting amount.
When said IOU comes due the Treasurery will redeem it. If not does not have the cash on hand it either borrows the money or raises taxes.
If the Trust Fund was needed tomorrow it would make no practical difference in how SS is funded. But it might cause people to realize that SS is just another tax and spend welfare scheme. Taking money from one taxpayer to buy the votes of another.
But instead we have increased SS spending. The latest was a giveaway to government worker and unions of about $340bil.
Maybe someone can answer why there is an earnings cap on people who take early SS? I mean if you’re still working, even part-time, you’re paying into the fund.