Posted on 09/11/2021 5:50:57 PM PDT by SeekAndFind
Shrinking Government sounds fine to me. It’s already bloated enough.
All the money comes out of the general fund now. I really doubt they will change it because so many use it. Not just American citizens. Illegals and so many minorities use it I can’t imagine they will cut it because so many on it vote dem.
bookmark
Two words for ya: Means Testing
I fully expect the GVT to eventually equate SS to military retirement limiting dual compensation.
But, but the Democrats PROMISED US back in 1964 that it would never go broke!!
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.”
“Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And HERE is where your money went. Read and weep.
https://www.ssa.gov/OACT/ProgData/fundFAQ.html#n4
Back around 2014 or so, AARP magazine had an interesting article on how the SS system was NOT a Ponzi Scheme.
A few pages on was an article by Jane Bryant Quinn on how the SS system was set up.
A simple reading showed the Social Security system was set up just like a Ponzi Scheme.
Agreed. Shrink the federal government.
So why is Social Security the only self funded program in the US government? And is there a politician in the country who will run on not funding? Especially since it’s been raided umpteen times over the years and it’s funds given to people that never contributed.
Ronald Reagan had a few things to say about Social Security in his 1964 speech “A time for choosing.”
I would like to see a breakdown by sex, especially never-married women. Women live longer and thus collect Social Security longer and women who never married are an especially impoverished group. No shared incomes to buy homes, no husband with potential pension.
They will just keep printing money…
Thanks for posting. The chart on social benefits vs disposable income is instructive. It quantifies the increase in socialism over time.
means testing
legalize theft is what you are promoting better to cut off benefits to those who did not pay in and welfare..
Instead of shrinking it I vote to collapse it.
I’m not promoting anything. I’m just telling what is going to happen.
I think you’re spot on.
In other words, redistribution of the wealth. I put in for 40 years, but now I don't get anything back. Same for my wife. But those who didn't do squat to prepare for their eventual retirement get rewarded for their failure while my wife and I get punished for being thrifty and successful during our working years.
ok thanks for clarifying
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