Posted on 06/15/2026 11:58:32 AM PDT by MinorityRepublican
Speaker Mike Johnson’s (R-La.) call for Republicans to act on Social Security reform if they keep control of Congress in 2027 is getting pushback from Senate Republicans who warn it’s a bad political message heading into November.
Yet, a trustees’ report that the popular retirement program will become insolvent sooner than expected has lit a fire under lawmakers in both parties to call for reforms such as raising the cap on payroll taxes, “means testing” beneficiaries, raising the retirement age, and creating personal accounts to invest in the stock markets.
The Social Security trustees’ report warned that beneficiaries would see their monthly checks cut by 22 percent in 2032.
Fiscal conservatives are applauding Johnson’s bold talk.
“I’m sending a letter to our leadership. … I’m sending them an official letter saying we should set up a bicameral, bipartisan [committee] — equal number of Republicans, equal number of Democrats — and the sole goal is to discuss how to make Social Security and Medicare solvent,” Sen. Rand Paul (R-Ky.) said.
(Excerpt) Read more at thehill.com ...
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But it’s not a ponzi scheme...
It is our job to inform every young guy and gal they need a Roth Ira. The rat’s aren’t gonna do it.
Don't cut checks to households making more than the median household income and you don't have to cut benefits for anyone who needs help.
The only alarm in CONgress is an election. They couldn’t care less about America or Americans. Yes, I said it, I mean it.
Alarm. LOL.
For the dems - the concern may not be insolvency so much but diversion of funds away from targeted groups they need to buy off to get votes.
Happy to be wrong on my cynicism.
But there is always money for Welfare
how about quit stealing from it.
For at least the last 50 years, I have said the rate should go to 7%.
Matters little with national debt exceeding $$$ 38 trillion, mathematically impossible to pay off. SS will not” go away”, but yes expect cuts on top of the 30 percent devaluation of the dollar since 2021....and further Means Testing.
The $ 208 monthly Medicare payment ( subtracted from your SS check) doubles to $400 plus deduction if you exceed $109,000 a year, that is called Means Testing...I know many paying it.
I will say qualified Vets can opt out of the Medicare payments but are heavily penalized if they try to get back in it. Some states have good VA medical like Florida, others like Atlanta VA is overburdened.
So the fifty years I paid into SS just get sent to someone else. I don't think so.
But they’re retirement money is safe ...
But they’re retirement money is safe ...
so you want to punish those who made good choices throughout their lives and ended up with a little extra? I had that money taken from me at gun point my whole working life. I want every penny that’s owed me.
How about cutting out the fraud first?
“Their” instead of “they’re” ... correction.
But that would be admitting that SS isn't a welfare program!
If you take away there SS benefit, how many people fall below the median household income?
If you institute such a plan a great many people close to SS retirement age (and probably many that are far from it) are going to rebel against continuing to pay in to SS knowing that they will see not return on that investment.
This is such evil gaslighting. Welfare fraud is rampant. Payments to illegals is rampant.
But, sorry, we don’t have enough money in the fund the US taxpayers were forced to support and are relying on for income in retirement.
Evil gaslighting.
This program was designed to make sure seniors in their last 5 to 10 years of life did not starve. The average life expectancy was 65 years old in 1937. The retirement age should be raised for white collar workers to age 71 and for blue collar workers to age 67.
Now that the Majority of legislators are on it they want to fix it!!!
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