Posted on 07/24/2025 2:05:51 PM PDT by fruser1
Social Security's retirement fund is set to run short in just seven years — which could end up slashing benefits for millions of Americans by thousands of dollars a year.
According to latest projections, retirees could face automatic 24 percent benefit cuts as early as the end of 2032.
Social Security relies on its trust fund to provide monthly benefit checks to around 70 million Americans.
Once the reserves are exhausted, federal law requires that benefits be cut to match incoming revenues
(Excerpt) Read more at dailymail.co.uk ...
And of course, I am set to start taking it in 2033!
There is no "trust fund."
Just a stack of IOUs from the gangsters in Congress.
But they have billions to waste on embassy swimming pools, making the Fed Reserve like Mar a Largo, and 10 digit checks to whoever our greatest ally is at the time.
I found the “trust fund”.
Just keep a 24/7 guard on the file cabinet and we are good to go.
Lol.
Not going to happen. The blue hair revolt would be huge. They will raise the retirement age and remove the income cap before they cut current recipients.
who is collecting social security without having paid any into social security?
Millions of elderly, who are no longer concerned about life in prison.
Who could avoid family debt by using free healthcare provided by correctional institutes.
I see a problem brewing.
It’s time to send more money to another country.
Calling people names for not wanting to send more money to Israel doesn’t sound like such a great idea when one reads this does it.
They’ll just print more money
“Just a stack of IOUs from the gangsters in Congress.”
Calling them gangsters is unfair... to gangsters.
Don’t worry about the illegals. They will still receive FREE healthcare, housing, schooling and flights back to their homeland any time they want on YOUR dime.
Where does the money come from for SSI disability payments? If that money comes from people who pay into Social Security, then it makes the many people who are scamming the system all the worse.
could
Cut government waste and fraud by .0001% and fully fund it forever!
Never a shortage of funds for Ukraine, the UN, Medicaid for illegals, SNAP, National Endowment for the Arts, and on, and on.
There is no legitimate reason for there to be a shortfall in SS. NONE!
The road to hell is paved with “good intentions” and “warm fuzzy feelings”.
Ah yes… SS is fine for the past 4 years but they just discovered this problem 6 months into Trumps term…
Cutting the income cap is a better way to raise revenue for SS.
Ever since they moved it into the general fund (RATS DID IT), it was doomed.
With all the waist, misappropriation, stealing and giving away money to foreigners, people are going to demand their thieving hands be cut off and a “debunk” shoved up their azzes. There’s going to be a lot of very angry people.
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