Posted on 12/21/2024 9:49:14 AM PST by bitt
Democrats have been caught doing the very thing they’ve been accusing President-elect Donald Trump of doing: Cutting Social Security.
On Wednesday, the U.K. Daily Mail reported Senate Democrats are trying to push through a Social Security reform bill they want to see signed by President Joe Biden before Trump takes office.
The Social Security Fairness Act aims to repeal provisions that reduce payouts to public sector employees like police officers, firefighters, teachers, and post workers. The Mail cites The Committee for a Responsible Budget in their article, and that group states this would make Social Security insolvent six months earlier than current projections by giving increased benefits to 3 million people who paid into their state or local pensions that did not pay Social Security.
The CRFB also states, “As a result, we estimate a typical dual-income couple retiring in 2033 would see their benefits cut by an additional $25,000 over their lifetime.”
The think tank says if Social Security runs out of money under this bill, as much as $400,000 in benefits would be lost for the average couple. CRFB states the cost for the bill over the next decade — citing the Congressional Budget Office — would be $190 billion.
After already passing in the House of Representatives, the push for a vote in the Senate comes from Democrat Sen. Chuck Schumer while Republican Sen. Rand Paul wants to add an amendment to the bill gradually raising the age of retirement to 70.
(Excerpt) Read more at thegatewaypundit.com ...
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I dont care. When the cheat of 2020 is exposed everything that dotard signed turns to dust.
The looting of the US Treasury is in peril.
Quick! Take what you can!
It’s $20 booth time.
They’re doing this now…why?
Just to try to pin this on Trump?
They have to fix social security Trump will look into it
It was a badly devised plan to begins with
A terrible plan
Proof your titles.
RINOS gonna RINO...
Yes, it looks really dumb.
No reason whatsoever that govt workers should get one penny of SS not paid into.
It was reasonable when it started; only people who actually paid into it could collect, and the earliest collection age was higher than the average life-span. And then the politicians got their hands on it. An actual SS Lockbox would have helped as well, instead of just being a campaign talking point during one election cycle.
People who haven’t paid in should not be able to take anything out. That’s what needs to change.
This story is dishonest.
Lots of loaded language and falsehoods here. Say someone earns a state or local pension, and did not pay into SS during that time. Then afterwards, they also earn their 40 quarters of SS. The earnings of those quarters assign them a monthly SS value. The government currently steals about half of that. If that same person earned the same 40 quarters, but without another pension, they would get the full amount of SS.
This law merely allows someone to get whatever SS their contributions earned regardless of other work they did in their life.
That is why it passed with giant margins.
Endless hundreds of billions for Ukraine, Afghanistan, Gaza, mass immigration etc. but God forbid retirees get the exact SS their contributions earned them.
And of course, while they were cheating retirees out of half, illegal aliens were getting full ride disability without paying a day into social security.
Every dollar you earn in investment return or any other source over a certain amount reduces your social security benefit amount, dollar for dollar. At least that’s what they tell me......
How much more of this complete nonsense do the American people have to see from the US Democrat party?
“It was reasonable when it started; only people who actually paid into it could collect, and the earliest collection age was higher than the average life-span. And then the politicians got their hands on it.”
No it was an awful plan.
Politicians have nothing to do with that and they were always going to get in on it.
It’s involuntarily turning our money over to the government to manage it supposedly better than we would
It’s a bad plan and a bad idea
That’s why they have to fix it now. It was always going to end badly
Then they threw birth control (abortion is only part of birth control) into it, an economy where everyone has to work and then depend on the working adults who as babies got tossed into day care - they’re going to take care of the baby boomers and beyond.
No.
“They’re doing this now…why?
Just to try to pin this on Trump?”
This article is nonsense. Trump supported the bill.
It will increase the cost of Social Security about two hundred billion dollars over ten years.
That amount of money is ponied up almost daily by Congress and the yearly cost of illegal immigration PER YEAR is many times more.
“No reason whatsoever that govt workers should get one penny of SS not paid into.”
The bill does not do that.
I know people who have been victims of the windfall provision. It deducts money from their social security checks. And don’t get me started on the rest of it.
Trump gas to fix social security and the 35 trillion debt these government geniuses got us into
They’ll have no choice
DOGE
And whatever they come up with will make sense
They will have to cut something somewhere and add things in other places.
People would be wise to realize that
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