100% will not happen.
neither party is going to CUT social security payments, period.
RE: neither party is going to CUT social security payments, period.
So where are we going to get the money?
It has to come from somewhere.
“100% will not happen. neither party is going to CUT social security payments, period.”
Neither party has to, it’s already the law - it is automatic.
The BIG QUESTION is whether both parties can AGREE on some kind of ‘fix’, which will have to be directing general revenues to SS and how much versus the only other option, which would be cutting benefits in some way (like freezing inflation adjustments).
It isn’t going to be “cuts” in money people get. It is going to be “cuts” in the people that get money.
Specifically, those that are above a certain level of personal wealth. They are going to apply means testing.
Which will turn it into a giant wealth redistribution scheme. Those of us who worked hard, lived within our means, and diligently paid our taxes, are going to lose all that money we worked so hard for.
Conservatives believe that economic freedom and personal freedom are inextricably intertwined with each other. If you take away personal freedom, you cannot have economic freedom, everyone understands how true that is.
But many people, especially Leftists, believe that you can remove economic freedom and still have personal freedom.
You cannot. You must have both, or you will have neither.
Yeah, I want to meet the politicians that propose cutting SS and Medicare without subsidizing them from the general fund because they are supposed to be self supporting after decades of using these programs money for superfluous reasons. And, the baby boomers will be passing on which should ease the impact on these programs.
You're absolutely correct. I think they'll fund it with a VAT (value added tax). A national sales tax in use throughout most western countries. Everyone will hate it, but they'll do it.
Exactly right.
I think they should revolt Reagan’s income tax on social security. That way the cut won’t hurt as much. I will finally get social security at age 70 in 2039 if it’s still around. I always thought waiting until 70 was best.
So not only will there be cuts—a guarantee if we simply don’t do anything different—but you’ll likely be taxed on it. In some cases, social security benefits are already taxed, a 1983 development signed into law by Ronald Reagan (I’m not a fan at all) with the help of a yes-vote from then-senator Joe Biden, but if you can count on a big-minded federal government to do anything, it’s raise taxes.
That is true. They will simply pay with inflated dollars that won’t be worth a nickel.........