Posted on 08/21/2025 4:14:39 AM PDT by MtnClimber
The specter of Obama still lurks in Washington.
It’s awful how lefties fear-monger about Social Security, but that doesn’t mean it’s not in trouble. It is. We all know it is. Just not how the left portrays it. It’s just groaning under its own weight and sooner or later, likely sooner, the Hill is going to have to tackle it. Being the pedantic, unoriginal cowards that they are, they’ll likely look to the past for how to do it. What’s back there?
Obama.
Obama showed them how they might do it.
Let’s take a walk down memory lane.
Your money, in the form of the CFPB (Consumer Financial Protection Bureau) and your life, in the form of the IPAB (Independent Payment Advisory Board, sometimes known as “the death panel”), are two 2010 agencies which are now dead, or about to be, thank God, but there is where our brave legislators will find their “inspiration” for how to fix Social Security, I am willing to bet. Why? There’s a very specific reason why — a legislative scam — as you will see in a moment.
Let’s review: In March & July 2010 two of the most sweeping pieces of legislation since FDR and LBJ were signed by Obama, creating the IPAB via ObamaCare, and the CFPB via the Dodd-Frank Wall Street “reform” bill. Legislators buried these agencies so deep inside the federal leviathan that they could not simply vote to defund them. This was purposeful. So the only way to kill them, should they or the voters desire it, was to hope the Executive Branch would choose to kill them, or, as is the case with the IPAB, die of neglect.
Thus insulated, they had a mandate from our brave Senators and Representatives: take the unpopular votes
(Excerpt) Read more at americanthinker.com ...
I worry that they will set up a Central Bank Digital Currency (CBDC) and a surveillance-based “Social Credit System” like China and use the fines to fund Social Security shortages.
I not worried about social security because Al Gore put it in lock box. /S
I’m fairly young and my friends and I don’t expect there to be a system when I’m of age. I wish they wouldn’t confiscate it from me and just let me do with my money what I will
Trump has the fix, a booming economy. But first he needs to get rid of the communists on the Federal Bank Board, and Powell.
Re-populating the Fed is the key to saving Social Security.
“I wish they wouldn’t confiscate it from me and just let me do with my money what I will.”
I have also wanted this. When I suggest it to “smart” leftist colleagues, they ALL say the government is better at managing that money than they would be. Imbeciles.
Yes, indeed. Horse put our Sociable Insecurity money in his lockbox.
But, do you know where he put his lockbox?
How many ss recipents did they kill off with covid...was that an unintended or intended consequence?
There is no “your” in social security. There are no property or equity rights to SS. It is not earned or deserved. It is not invested in anything but its political ability to tax current and future tax payers.
There is no right in law to collect a single dime. It is simply a tax used to fund government.
“I worry that they will set up a Central Bank Digital Currency (CBDC) and a surveillance-based “Social Credit System” like China and use the fines to fund Social Security shortages.”
They’re working on it. You can’t trust our elected representatives when someone waves a wad of cash in their face.
Social Security? What a scam this has been on the America people. It’s not a Ponzi scheme. You enter into a Ponzi scheme voluntarily, with S.S. it’s taken from you whether you like it or not. The scumbag politicians have looted S.S. for so long we have gotten used to it. They just keep moving the goal posts until nothing is left.
Sad part is, these bastards are NEVER held accountable. NEVER.
Tell me your opinion of this approach. 1. Everyone currently receiving social security continues to receive it but cost of living increases stop. 2. Those who receive benefits but were never meant to be part of the plan are cut off over a four year period at 25% reduction per year. 3. The benefits of social security for NEW recipients are slightly reduced. 4. Those who are within 20 years of receiving social security are offered a cash buyout attractive enough so that about half agree to not receiving benefits. 5. Those who are over twenty years away from receiving benefits continue paying social security taxes which gradually diminish as recipients die off. This group will not receive social security benefits but can start their own retirement plans that they will own. In about thirty years time, government run social security will have been removed from everyone’s life.
Many of us in Gen X wish the same. Personally, I think they'll have to address it through multiple means: higher taxes, less payout, and means' testing. That's right--I think they'll look at your other income in retirement and say, "you make too much to qualify for Social Security, so you'll receive a smaller benefit."
It's quite possible that if you're deemed to make TOO much, you may get no benefit at all.
not a bad idea. It’s better than what ai have now
“”I not worried about social security because Al Gore put it in lock box. /S””
Wait... was that before, or after, he created the internet?
Heck! The politicians have been coming for SS since the day it was instituted.
The structure needs to change to slowly make SS a personal account. It could be done over a few generations.
Check my proposal in post number 12 and tell me your thoughts on it.
Use tariff revenue to shore up SS.
It’s a start. I’d like this to move over time to a private “mandatory” savings program controlled by the recipient however with no withdrawals allowed until retirement age. We need this because 2/3rds of Americans depend on SS as their only savings and we cannot afford more welfare. Just as with current SS, if you predecease retirement age the funds go into a “lock box”, a real one, that is used to transition the system until it is fully transitioned over a few generations.
At that time your estate would be the recipient of those funds.
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