Posted on 10/05/2021 4:23:15 AM PDT by where's_the_Outrage?
I don’t blame voters, I blame the elites going back ninety years.
They knew _exactly_ what they were doing, including using public relations/advertising aka brainwashing to trick the public.
There never was any “informed consent”.
The “trust fund” scam was one of the elite’s brainwashing tricks.
I do. They are uninformed about how the system works and the dire straits the entitlement programs are in. They allow the politicians of both parties to lie to them. You get the government you deserve.
The “trust fund” scam was one of the elite’s brainwashing tricks.
It is only a "scam" if you don't understand the function of the Trust Funds and why the entitlement programs were set up that way.
The SS payroll tax rate has not been raised since 1990. But the salary cap subject to the tax has been raised almost annually. In 2010 the cap was $106,800. In 2021 it is $142,800. Wages have not increased that fast nor the cost of living.
80% of all income earners pay more in payroll taxes than they do in income taxes.
Why haven't you informed yourself about the entitlement programs? All of the information is publicly available.
Put some of your bucks into physical (hold in your hand) gold and silver - a store of wealth as well as placing yourself outside of the banking system.
You will need both with what is ahead of us.
I know all about the entitlement programs.
But—when I talk to others (non political) types about them all I get fed back to me is a bunch of myths. They think there is a real trust fund with real cold hard cash or cash equivalent in it just like their Vanguard account. The reason they believe this is decades of propaganda from politicians and the mass media.
The Social Security Trust Fund exists. There is real money in there in the form of US Treasury issued, interest bearing T-bills redeemable from the USG upon demand. The SSTF can only be spent on SS benefits. The SSTF is also a liability included in the national debt.
The SSTF is the product of a surplus generated over decades. That surplus is being consumed as the SSTF covers revenue shortfalls. The SSTF will decline and the USG liability decrease as these funds are used to cover shortfalls.
How would you handle the SS surplus revenue? Clinton wanted to allow the funds to be invested in the stock market and other investment instruments. The problem is the SSTF is so large, it could distort the market and be used for political purposes.
The use of the T-bills to, in effect, fund budget deficits obviates the need to borrow from other sources, foreign and domestic. The SSTF will eventually disappear as part of the national debt. Higher payroll taxes or reduction of benefits or some combination thereof must be found by 2034 or sooner.
The SS problem is far easier to solve than Medicare, which will become a crisis within the next 5 years. Congress has been kicking the can down the road and now we are running out of road.
I made over the 33k allowed income for SS last year got layed off in july, didnt collect SS until jan 2021, but got a nice fat check from aug to nov, now i dont receive any SS until next Jan.. they screw with you anyway they can
UNDER OBAMA, 4 of his 8 years, we got ZERO.
You are being bamboozled by the paper shuffling.
I can’t fix that.
Social security recipients will receive funds until they don’t. That is a political decision. The funny money numbers are irrelevant.
But next year, seniors could see their incomes rise substantially. The reason?Since we killed off half a million freeloading seniors, we can share the windfall with the survivors!
Just citing the facts and the law. Denial just ain’t a river in Egypt. Read the annual Trustees Report.
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