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To: woodenickel
I’m tired of this entitlement crap. Anytime the government wants to give me my ss payments back (with compound interest), I’ll take it and be out of your hair.

You do realize that your SS taxes are long gone? They were paid to your parents and grandparents (or perhaps to someone else). Your SS benefits will come from SS taxes paid by your kids and grandkids -- or someone else's, if you don't have any.

The Trust Fund is simply the excess taxes that were paid, and weren't needed immediately. Now, taxes are less than expenses, so the Trust Fund is being withdrawn slowly. Withdrawals will accelerate, until it's gone around 2033.

Why should you care? By law, Social Security benefits MUST be reduced to the level that can be sustained by the taxes being collected. At the moment, that's estimated to be about a 23% reduction.

So, this is the stark choice for everyone: address the problem now, impose some pain on everyone, or wait until 2033 and find your monthly check reduced by 23%.

74 posted on 10/14/2015 5:21:45 PM PDT by justlurking (tagline removed, as demanded by Admin Moderators)
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To: justlurking

Do you happen to know when the next trustee reports come out?
I’m interested to see what the effect of the new payouts to perverts will be upon the trust. Without fraud it shouldn’t make much difference but I expect a whole lot of fraud.


76 posted on 10/14/2015 5:29:16 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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