Posted on 06/04/2023 6:35:55 AM PDT by joesbucks
The first round of June's three Social Security payments, worth up to $4,555, will be sent out in 11 days, according to the Social Security Administration's schedule.
(Excerpt) Read more at washingtonexaminer.com ...
I thought I’d run it up the flagpole to see if freepers would fall for the writing or know the score. Know the score seems to be winning the day.
I am not wrong. The social security trust fund was stolen.
And I want social security ended. It is theft from current generations paid to past generations.
I think I read somewhere that a county opted out from the start of social security.
If I had invested what they took I would have a heck of a lot more than they are sending me monthly.
Owen, congratulations! You are so much closer than most. Look up “money as debt” and see how bad these things called the M2 and M3 money supply are.
Yes and that.
I figured that in the first place, btw because for years I have seen that tactic used.
Ah...another useful idiot using ad hominem attacks of how I am somehow “dumb” while doimg nothing to argue against my facts.
Theft is theft and just because it happened to you for 35 years is not an argument to continue this theft on current workers.
no numb nuts... ...what youre sadly mistaken is your gunning down people here, at FR, blaming them for voting in our own demise. there is not one person here who would have voted for this crap!!
Go and pick a fight in a shithead neighborhood... then you might get that ass kicking a little quicker!!
CLICKBAIT!
My brother, husband and I all started working as teenagers, sometimes several jobs to put ourselves through college, all the while paying into Social Security. My brother died at age 58 and my husband died at 64, both never collecting a penny. How fair is that???? I DO NOT feel guilty collecting what the government has so graciously decided to “give” me. I feel like I am collecting for what I paid in and for what my brother and husband paid in. I hope I live to be 100 to collect all that is owed to me, my brother and my husband.
Thank You...
It’s going to take a couple generations to end SS. I think the first step is to end the payroll tax for both employer and employee. Replace with a border adjustment tax. Beyond just a tariff, everything that enters the ports gets a tax. I think it would both encourage American business, and it would break the “I’m owed it” mindset. FDR was very clever in how he set up SS, really hard to get rid of as people feel they deserve it. Guess that is how socialism always works, people think they’re owed.
Originally you had your own account…the government did not touch it….then they stole all your money so they could spend more…
People who have paid into it for 50+ years (me, for example) are right to want a return of their investment. That isn’t socialism.
Kind of a stupid article isn't it? All it's saying is you'll get your money when you normally do. I get mine the second Wednesday of each month. This month it falls on the 14th.
You do know that you do not have to pay into social security dont you? Or are you as GD stupid as your ignorant post you sordid son of a bitch?
Democracy is always short sighted. No way elected politicians are going to have that surplus of baby boomer SS contributions and not spend it. At least now no more faking it, there is no surplus. They’ll have to transfer the SS IOUs to real Treasury debt. It’s all on the Fed Reserve to paper over the debt now. I didn’t think this charade could last this long, but here we are.
Some historical context is helpful...
1978 - George Bush, in his congressional race, suggested that the Social Security System could not be sustained unless individuals were allowed to invest the payroll tax themselves. “We should trust Americans by giving them the option of investing part of their Social Security contributions in private accounts.”
2004 - President Bush - “Younger workers should have the opportunity to build a nest egg by saving part of their Social Security taxes in a personal retirement account. We should make the Social Security system a source of ownership for the American people.” He mentioned the issue repeatedly during the 2004 campaign and was able to argue that his reelection represented a mandate to move forward on what he called personal accounts (and his adversaries called partial privatization).
Here we are 45 years later, having the same old debate and NOTHING has been done except kick the can down the road. The corrupt Ponzi scheme needs to be reformed or rebuilt. Bush had it right in 2004 with a phased approach where younger workers can take control of their own SS contributions.
But “tlozo” had it right in post #23 “When Social Security started in 1935 there were approximately 45 workers to every 1 beneficiary. The current number of workers to beneficiaries to 3 to 1. Current studies project that the system can operate as-is at a 3 to 1 ratio. By 2034, the ratio is expected to be 2 to 1.”
All the GD politicians in DC care about is buying votes. They won’t get elected or re-elected if they discuss the cold, hard truth. Bush’s 2004 proposal died a quick death and he gave it up.
The gross fiscal malfeasance of our “ruling class” provides more perspective on the ability to keep the Ponzi scheme going (in current dollars, not constant dollars):
1929 / $0.02 trillion / 16% of GDP
1978 / $0.8 trillion / 33% of GDP
2004 / $7.0 trillion / 60% of GDP
2022 / $30.0 trillion / 123% of GDP
I’m spending all of mine on lottery tickets.
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