Posted on 01/06/2020 7:48:26 AM PST by SeekAndFind
I believe it’s because of an Obamacare “feature” that throws a surcharge on medicare deductions based on income. We had a minor one off windfall in 2018 which put us in the range.
Social Security IS a welfare program, sold to the voters as an old age pension by FDR ...
Eisenhower could have painlessly saved us from FDR’s high handed lawlessness but he chose to honor the man and not the oath of office or the Constitution, by rubber stamping FDR’s domestic legacy he shares equal responsibility for the ruin that is coming and has been coming just as a cancer starts small and then grows to threaten the whole body.
Why are people getting social security checks after age 105? Because there is no fool-proof mechanism for social security to know when the beneficiary dies. There are people over age 120 still getting checks!
SS funded by IOU’s.
“reduced my wife’s and my monthly payment $70 clams each.”
I think the cost of Medicare has gone up. Maybe that’s why your check is less. Also the deductible has increased. But you should have gotten a notice of your 1.6% cost of living increase to your check. Just don’t spend it all in one place.
It was always doomed to eventual failure. It was a Ponzi scheme from day 1
They have purposely inflated the value of the dollar down enough to be able to pay the benefit amounts they promised while the stupid among us don’t realize that the value of what they are providing has been cut considerably.
SS is not a welfare program. You should research it sometime.
We should learn from the Chilean model and copy it.
Smart people copy what works, dumb people believe more in their own opinions.
“There’s a reason people call them “entitlements”
LOL!
I am 73. My SS payments have been an interest-free loan!
Remember all the fuss about Enron? Politicians are responsible for this one. Good luck holding them responsible.
Not really. A Ponzi scheme is voluntary, hoping for a 50% return on an investment in three to five months whereas SS is mandatory and you don’t realize the benefits until you can claim them at retirement.
I took it as soon as I could since you just never know. I believe the offset of waiting for full benefits and starting early was something like 12 years for me. Would have been nice had the system not been robbed.
Social Security was designed as a purely Democrat vote getting Ponzi scheme from the start, and thus is not intended to be financially sound.
The Congressional Record shows the Republicans at the time arguing these points when Social Security was debated in the House.
It’s exactly a ponzi scheme.
Current income is used to pay past investors. The investor pool has to continually expand, or the scheme collapses. That is exactly how SS works.
And here’s no such thing as a SS “trust fund”, It’s a pile of IOU’s the government owes itself.
We have millions of foreigners that have never paid a dime into the system that are getting benefits.
REPUBLICAN HINT:
Ban all property taxes for Social Security elders.
Since 80% to 99% of property taxes is just a pension grab for unions, this would solve two problems with a single pen.
:-)
Sell it as opposing greedy cadillac fat union bosses, funding through SS,
or sell it as compassion for Grandma, prevent booting her out of home.
Union bosses are kicking Grandma out on to the street.
The problem is that much of the Baby Boom (the commie-indoctrinated 1960s morons) views everything as a zero-sum game. Once they (well, we) are all dead, which will be in a surprisingly short time, Social Security will have survived its worst crisis and be back to what passes for normal.
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