Skip to comments.A Republican senator hints at gutting Social Security ‘behind closed doors’ [fake: Joni Ernst]
Posted on 09/08/2019 7:47:45 AM PDT by Olog-hai
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And to only those that paid into it. Right now we have family members of illegals that come over here through family reunification that are qualifying for SSI. I’d love to see the math when only those that paid into it, get it.
For the same reason they never talk about laying off or closing librarians, street workers, etc. They only talk about laying off cops and firepersons.
>>But she gives away the game in other ways. To begin with, the only reason politicians ever take actions behind closed doors is that they know the results will be massively unpopular.
Most transparent industry takeover ever.
Adding up my donations to social security over 40 years, and using just my contributions, and using only 2% growth, I should have a minimum of 250K in an account. At 14K a year, that would last me about 21 years or age 83.
But 2% is low and this ignores the employer contribution matching my own.
My own account with those considered would have yielded double that amount minimum
In other words, social security participants have been terribly ripped off. The politicians lie.
And if you die at sixty, which both my older brothers did, they got nothing and their children got nothing from 40 years of labor,the feds got it all and are keeping it! That is why we need to privatize.
They wont “confiscate” 401Ks. They will first require some small portion of you 401K to hold US Treasury bonds in order to remain a “qualified” tax defered account.
Then over time, they will increase that required amount.
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