Posted on 03/23/2023 11:58:54 AM PDT by AnthonySoprano
. You can see where this is going.
The FOX News $$$ recruits every person representing the Republican View on TV / Radio to say it’s not the Trillions to failing, unaccountable Cities - but the people getting 25k a year for the 45 years they paid into it.
This Conversation, which will be the RNC platform, neglects to say that Congress allowed and incentivized Corps (Donors) to do away with Pensions and Retiree Healthcare and change their systems to assume (adequate) Social Security Income at 62 which moved to 65 in exchange for donations from those Corporations.
From Hannity to Levin, now Bongino - we can’t print money fast enough to send to Corrupt Hands in Ukraine, but we can’t afford that 30k SS benefit to a worker, who was forced to participate his/her whole life.
If a private investment firm took 12.4 % of a workers pay for 40-45 years, and then complained about being unable to fund 1800 a month for a pension, AND the company got to keep the principal if the person died...
That company would be indicted for fraud.
And meanwhile bankster frauds, Ukraine, you name it gets promised endless cash. And of course, the GOP leads the charge.
Billions for Ukraine and programs to make life easier for illegal aliens from all over the globe.
America’s sick and elderly need to get back into the workforce. “No Money For You”.
Remember when Obama told a woman that her elderly mother was too old to deserve medical care?
Well that’s now the mantra of Celebrity Media Conservatism.
Trump btw has always opposed targeting Medicare and Social Security for budget cutting.
“Republicans, the Dopey Party.”
The late Sam Francis, whose writing sounds just like Trump populism, used to call them the Stupid Party. They still deserve it.
Yeah, I heard a little of him on drive time today.
He’s sounding like murdock & ryan have got him into their “fair & balanced” criticism of trump & pumping desantis
Accusing trump of being a name caller & questioning whether trump can win the general election.
Click
Sam was 100% correct.
I had my first paycheck at age 15 and my last at age 56. 41 years of paying into the SS System at an average of $5K per year or $205,000.00.
I won’t recoup that ‘initial investment’ (theft!) until I’m 74 years old, and Mother Government is BANKING on me to die before then.
Had that money been in my own hands over those 41 years and modestly invested at 6% I’d have $2,727,749.72 on hand.
If Mother Government had invested SS funds responsibly, there would be NO problems with SS running dry.
As usual, those of us that were productive members of society get the shaft. *SPIT*
“It’s like taking candy from a STUPID baby.”
Notice only those who don't need SS are the ones talking about cutting it.
By doing nothing. It’s in the law already.
Idiots. They just demand that republicans lose in 2024.
Gotta agree with you there.
LOL, let an automatic SS cut of 20% take effect. See what happens...
I’ll assume you have a fifth grade reading ability, and
can tell if I made any advocacy at all in that post.
Tip: If you use the link I provided, you’ll find that
material verbatim at the link.
Is that a yes?
I agree that the age to begin and then to get full benefits will have to be increased. Probably to 65 begin and 70 or 72 for full benefits.
Me, I just became eligible to take it but will wait for a few more years as I don’t have a pressing need for the money.
Correct. But under the specific Republican plan, Gen X gets screwed, hard. I haven't seen the demorat plan.
I agree with your take on it, but I don’t believe we can
only change the game for those not yet working. A 40-45
year career would mean they would not impact the SS
retirement pool until 2062-2067. There is going to have to
be a mid-course correction before 2032 I believe it is.
Moving the retirement age up is much less intrusive than
starting to cut benefits. I say that as a retired person,
but I do believe retirement at 67 is only worth it, if
there is still a strong payout.
Start dropping the payout to a point you couldn’t live on it,
and what’s the point? You’d still have to work anyway.
Better to work another year or a few, than not really
be able to live on SS.
Look, I know we should have more than SS to retire on.
As a guy that does have more than SS to live on, it
isn’t easy. (and I do better than a lot of others)
IIRC Social Security was designed to be a passthrough system.
For its first 30 years the amount collected had to match the amount dispersed, excess funds weren’t allowed to collect. The SS tax rate was adjusted annually to hit that goal.
During Lyndon Johnson’s administration that changed and excess funds are deposited in Treasury bonds.
Chile tried and maybe still uses a retirement system that invests some of the money it collects.
Good for you. I’m in a similar position myself.
My mom died at 47. My dad died at 93. I’m 71, and still
doing pretty good.
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