But-but-but there are all these interest-free loans made from the “segregated” Social Security Trust Fund to the US Treasury, to make up for deficit spending in past years....
We pay a tax for Social Security. That money needs to be put in an interest bareing account and used only for Social Security.
If those benefuts are cut off from the next generation there will be a huge class action lawsuit to get all that money back they took from us. It is considered a contract.
Look at the number of people not working, and then consider that they weren’t paying into social security.
Who knew?
Watch what happens to these numbers in Trump’s first term alone, and then the second.
Things will look better. Don’t go wobbly on us!
As for Social Security and Medicare, they should both be put in the road to privatization. We can do that without wetting ourselves unnecessarily.
I’m sure this was echoing in the halls of 0bama’s White House: “Most of those who collect Soc Sec retirement benefits are white, so scroo ‘em.”
Looks like someone picked the lock on the lock box.
I knew this was coming.... sad thing is I was just showing my wife yesterday that between my SSA and GE pension we would have enough to live on if I could just work the next 20 years till I was 70. Without our IRA/401K and savings.
Now I suspect, based on recent news, that my GE pension will go to 0 and my SSA will be cut in half at the least.
Seems the people that lay things up and actually plan for the future are always the ones that catch the short end of the stick when it comes around.
1. Class warfare will be used saying that if you make a certain amount from non SS funds, you will no longer be entitled to full SS benefits. “You don't need the money!”
2. Usually the 1st Government Employee group to be screwed is the Military. So as with 1, there will be a decrease in SS benefits based on your Military retirement income. And since the military predominately votes Republican we will be a prime Democrat target.
It needs to be privatized for the younger workers, and older ones soon to retire or already retired stay on the present system.
I am now at retirement age myself if I so choose. I wish they would have implemented Bush’s proposed plan. Under that plan, the younger ones would end up with more in the long run, and the money would go to their heirs if they died before they retire. I would be getting more than I will be when I retire in 3 years at full retirement age.
Stupid democrats screwed us with the “Bush want’s to shove grandma over a cliff” lie.
A good start would be to go over all the SSD claims.
Gets pretty bad when OUR GOVERNMENT supports a disability claim from someone that has been drawing unemployment for xx # of years then gets to claim SSD because he is suffering from low esteem from being on unemployment.
Second good thing is to cut the lawyers in half (figuratively & Literally) and also make them stop advertising on daytime TV.
They, like the Pharm Companies, dangle all these ‘products’ and put ideas into the couch potatoes heads that just make both ‘industries’ more money.
I’ve been been hearing it for a out 35 years.
Too complicated for most to understand.
KISS-keep It Simple Stupid.
IIRC, the average SS recipient draws in benefits everything they have paid into the system in about three years while drawing from the system for over a decade in retirement.
If you don’t understand how that simple math dooms the system, no amount of esplain’n will help.
The social security system is a Ponzi scheme. It was doomed the day the first payment was made to the first retiree.
Not to worry.
the obese generation will die off not needing a pension
I went in to the Social Security Office early last year to enroll and start receiving my benefits. Boy was that overweight female government worker pissed at me. She told me that I cheated the system. I did not cheat. There was actually a time when Social Security participation was not mandatory; and during that time I did not participate. I went in to the IRS and received a tax number to file my taxes with, but no social security withholding was ever taken from my paycheck and this went on until the early 70s when Congress made Social Security participation mandatory.
When she told me that what I did was not “fair”, she was further incensed when I replied “Fair, there’s that communist word again, fair.” Before the 70s social security participation was not required. You paid into it if you wanted a pension plan, and if you didn’t, then your retirement was up to you. Mandatory participation was only imposed when they decided to start stealing from the Social Security Pension Fund to fund their pet projects, foreigners and everything else.
As originally designed, it would not have been half-bad. But it quickly became like all other government programs, a transfer of money from those who earn it to those who don’t.
SSI has become an unacknowledged welfare system for minorities. The “crazy check.”
The bastards never intended to set up a social security lock box. There was never an account for each person. It was intended from the start to be the primary identification system for each individual. (It says on my ORIGINAL card, “not for identification.”) The SSN is now the universal ID number for each person.
They’re never killing SS. That would be a guaranteed incumbent killer. It’s functionally the general fund anyway, all this “social security account” business is just accounting fiction. It won’t go broke until the whole freaking fed goes broke.
So... why is there a “death knell” for SS but not for welfare? I mean we all pay in to SS but the recipients of welfare seldom if ever contribute to the piggy bank from which they suckle.
The very productive baby boomers are on the way out and being replaced by people derived from $h!tholes. What could possibly go wrong?
Adopt the Chilean model and make it optional
I’m still nine years out from social security. I’ve never counted on it because I’ve always been told the coffers will be empty by then.