Posted on 01/06/2020 7:48:26 AM PST by SeekAndFind
It started when presidents used it as their own personal piggy bank to finance their special programs.
Well; one way to make up any shortfall is to discontinue all financial benefits to illegals which cost US taxpayers over $260B last year. That includes social security to illegals who never paid into it.
They always say Social Security is going to run out of money.
They never worry about welfare programs running out of money.
The disability thing - that has nothing to do with retirement! we were led to believe that SS was a retirement account. Instead, it pays “crazy” money to parents of unruly kids.
Change it back to retirement, and it’ll be solvent.
SS will be marginally better off in 2020...the sonsofbitches reduced my wife’s and my monthly payment $70 clams each.
Yeah, but thankfully there is plenty of money for trespassers to be taken care of. Yeah, it’s awesome how benevolent we are huh? (I meant how much we suck)
Thanks. I know where $27.00 of it went. LOL!
How could they reduce your payment, was it because they raised Medicare payments???
Social Security could have been put on an actuarially sound footing 25 years ago with such tiny changes no one would have noticed them.
But Americans are stupid, so we didn’t.
Without giving too much away about my birthday, I turn 66 in the next few weeks. I’m going to continue working while taking SS. The reason is simple: My wife’s will bump up a few hundred a month, and I’ll be getting something roughly a few thousand a month as well. And I’ve earned it and more with what I’ve put into it.
But I’ll also be able to continue working and still keep all my SS. This matters because it’s the only retirement we have and we’re using it to pay off our mortgage. Once that’s paid off, I’m quitting ever (hopefully) having a “job” again. But I’m also taking it at this time because I don’t know how long it will be that I’ll be able to do this without them changing the rules. They rarely change them retroactively, but can hammer people pretty hard with rules changes before they start taking it.
And yeah, I’m aware of the tax hit...at least Kentucky has no income tax on SS.
The cap will be lifted. A Tobin Tax will be passed and the revenue devoted to SS benefits.
Those are the only 2 fixes that will be politically palatable.
There are very few congress critters who didn't participate in the graft.
+ 100000
Social Security payments never go down, so something else happened.
There’s a reason people call them “entitlements”
I suspect they will get rid of the tax cap on SS in effect taxing the rich. Always thought it a windfall on the years I exceeded the cap and one year actually did it in May.
But, but we were promised back in 1964!
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
Same thing with medicare whilst Medicaid gets unfunded mandates
RE: But, but we were promised back in 1964!
Reminds me of the words of the song sang by Dionne Warwick:
Oh, promises, promises
This is where those promises, promises end
I don’t pretend that what was wrong can be right
Every night I sleep now, no more lies
Things that I promised myself fell apart
But I found my heart
Oh, promises, their kind of promises, can just destroy a life
Oh, promises, those kind of promises, take all the joy from life
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