Posted on 10/01/2021 6:33:04 AM PDT by where's_the_Outrage?
While debt ceiling talks have put Social Security payments in the news, one topic that's been put on the back burner is a deadline Congress faces to shore up the program.
Social Security's trust funds for retirement and disability benefits are projected to be able to pay only 78% of promised benefits by 2034.
To fix that, Congress could consider several major adjustments. Here's what they could mean.....
In just 13 years the trust funds Social Security relies on to pay retirement and disability benefits will be depleted, according to the most recent Social Security trustees' report.
While benefit checks will still go out, just 78% of promised benefits will be payable at that time.
(Excerpt) Read more at msn.com ...
A LOT of people went on SS disability in the first years of the Obama administration when unemployment benefits ran out after the mortgage crash of 2008. It was encouraged by the incoming administration as a way to keep their benefits coming.
-PJ
Massive Population reduction is one of the oligarchy’s stated agenda. We see how they are doing it yet the sheeple form a line to follow the masters’ orders.
I would say that this person should contemplate moving somewhere where they can get a better job, a job with benefits. They only get locked into poverty when they let the government decide how much money they are allowed to have which is basically a universal truth.
Mr persevero should have fought but even with me on his side it was too much. We were in a terrible position for years and I about lost my mind. Thank God things have settled now.
Give social security a one-time bailout.
- current recipients keep it as-is.
- future recipients get a payout into a Roth Ira or something, balance of their account plus all interest currently accumulated.
No more SS taken out of anyone’s paychecks, and the program can end once the last person grandfathered in dies off. Let people have their own money!
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