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.
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.
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.
Heck! The politicians have been coming for SS since the day it was instituted.
Obama moved it much further into insolvency when he allowed his little friends to get disability and use it for welfare. The debts of medicade are made much worse by giving it to illegals, absurd.
Some reports say SS can be “fixed” by small extension to the eligibility date as in the past somewhat taking care of the fact we just live too long even though we don’t as much as some other countries.
It won’t be fixed, the can is too easy to kick down the road. At best, I probably have less than 20 years to worry about it. It will be more means tested than it is now, just like Medicare is with IRMA and SS is by taxing it. 85% of mine is taxed now. I figure it will eventually be taken away from me by deeming me ineligible though I paid in at the maximum rate every year for 40 years.
The system is insolvent because it has been poorly managed if it was ever managed at all. With or without SS we are facing a time with a huge indigent geriatric population without enough people to care for them when they become not just penniless but also incapacitated. Benign neglect if not outright murder will become common I expect. Not at all a happy future for growing old.