Just give them more money. After all how were they supposed to know they’d eventually have to retire?
Read later.
Its an election year, so Mittens is probably wrong about that.
The 5.9% COLA is from 2022. Current estimates for 2023 is already at 10.5%.
And how much of this will go to illegal criminal invaders?
Go after the lazy who are on welfare.
“We cut the deficit”. W.J. Clinton
“We cut deficit spending”
How:
Heavy taxation. To be enforced by recruitment of the next up Hitler Children. The left out Millennials. Revenge and envy. Door Hammerers. Cain.
So, if you make over $150k you will pay more in SS taxes. The Dems will say that isn’t an income tax. Those having to pay more will be pleased to hear that.
bmp
The big problem years ago was “the Baby Boomers.”
Well, the Baby Boomer PROBLEM is over.
So, now, there are less seniors applying that there once was.
Begs the question, Shouldn’t the fear of running out of money be somewhat alleviated?
” Ultimately, Social Security should be sunset and retirement decisions left to the individual. “
Unfortunately, sunsetting the SS program would mean witholding taxes from younger workers to pay for older retirees, then giving those same workers nothing. That’s why it’s the ultimate Ponzi scheme. Paying off your obligations to todays retirees necessitates obligating yourself to pay the next generation as well, with funds from the generation after them...
If this bill passes, retirees 62 and over would start to receive an additional $200 a month in benefits beginning in January 2023
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The usual way this works is of the $200 increase, $192.50 (or more) will go to increased Medicare costs, leaving an $7.50 actual increase per month (at most).
SS is paid out of the general fund so no, that is an idle threat.
$200 a month will not break most seniors even against current costs.