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Posted on 06/21/2026 4:21:57 AM PDT by Lopeover
“The Social Security Administration recently gave us their annual report with a few blockbuster footnotes. We all know that Social Security as it is currently constructed will run out of money in the early 2030s. Social Security’s cost has exceeded its non-interest income since 2010. Since then, payments have been made out of the so-called trust fund. Except the trust fund does not hold cash. The money was borrowed by the rest of the federal government to cover other spending, and the government now owes it back.”
(Excerpt) Read more at theburningplatform.com ...
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But Welfare never runs out of our money.
Odd that, eh? One hope is to END all the fraud and foreign aid that has been doled out or outright stolen by marxist-Democrat & sell out Rinos! 👍😆
I’ve received more in SS dollars than I paid into the system.
and as a payroll clerk, I continue to send social security a few thousand dollars every week
People in Government who caused this S.S. shortage should be hunted down & at the very least...jailed. The American public is long past tired of being lied to, cheated, & stole from.
“The American public is long past tired of being lied to, cheated, & stole from.”
Really? Let’s see how many blue states begin the march toward sanity. How many of our RINO’s will lose in the upcoming midterms. Nope. We are headed for disaster I fear. Sooner or later it has to all come crashing down.
“ I’ve received more in SS dollars than I paid into the system.”
Did you count the employer match? You paid for that as well.
The main person responsible is LBJ.
He is already dead, and I am betting already in hell.
The most recent theft was the money removed for illegals. That’s Obama and Biden. Looking at Joe you should hurry up, and teflon Obama has throngs of supporters who will never get their SS checks……
“I’ve received more in SS dollars than I paid into the system.”
The purchasing capacity of the money you paid in is greater per dollar than the purchasing capacity of the per dollar value that you receive today. In 1955 my Dad bought a new middle of the road Dodge. It cost about $1900. That would be $23,600 in today’s dollars if you believe the average inflation was only 3.6%. Hint, it was a much larger inflation rate as inflation does not include medical costs, taxation and a variety of things we can’t do without. My guess is the real value today in adjusted dollars is greater than $30,000. This inflation is built in as a hidden tax.
No
“ I’ve received more in SS dollars than I paid into the system.”
Bully for you. What’s your point?
L
That was my point. Deal with it.
So have a lot of legal immigrants (such as parents of legal immigrants) who paid NOTHING into the system. Not to mention the illegals…
Minor edit.....you didn’t “pay” into the system. It was confiscated from you....as it has been from the rest of us.
AMEN! But “They” won’t be.
The government that doesn’t “care” that it’s $36 Trillion in debt won’t “care” about Social Security running out of money.
They’ll just print some to cover the difference. To them, it really does grow on trees...
Yup. I never like the way these things are phrased. The government pays people welfare because they need the money. As long as poor people need money, the welfare will be paid. End of story.
Meanwhile, they act like there is a big box filled with cash and those Social Security payments come out of that box. But people are noticing that the cash level in the box is getting low. "Oh, no! We're running out of Social Security money!" A convenient way to sell the idea that SS needs to be reduced or modified so that people who have paid into the system will accept less.
FWIW -- I think SS is a Ponzi scheme (not an opinion; just fact). But the government made a promise, and forced people to pay in, so I figure the government can't completely back out. But I also believe that younger workers should be offered an alternate path where they actually own their retirement fund, and the thing is not structured as a Ponzi scheme. We can do this better in the future for the generation that hasn't paid in for decades.
Those who caused this mess are dead and gone. It happened in the 60s and 70s to fund the Vietnam war and other follies.
Wasn’t it Clinton who “balanced the budget” when he moved Social Security into the General Fund?
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