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Social Security could end in 2035

Posted on 5/7/24 at 6:10 pm
Posted by Geekboy
Member since Jan 2004
5038 posts
Posted on 5/7/24 at 6:10 pm
quote:

Congress has just over a decade to fix Social Security before cash runs out

LINK

But they can send billions upon billions to Ukraine and Israel. I might be better off moving to one of those countries.
Posted by narddogg81
Vancouver
Member since Jan 2012
19727 posts
Posted on 5/7/24 at 6:12 pm to
let it end. i have planned and made sure i can retire with $0 social security
Posted by Bass Tiger
Member since Oct 2014
46611 posts
Posted on 5/7/24 at 6:14 pm to
Let's see...

Pay student loan forgiveness, hundreds of billions for illegals, hundreds of billions for foreign wars or save Social Security from the DC Uniparty thieves?

That's a tough one.

I have the sensible solution.....the federal thieves can cut me and sweetie a check for $1.5-2 million and we're even.
This post was edited on 5/7/24 at 6:16 pm
Posted by BigJim
Baton Rouge
Member since Jan 2010
14527 posts
Posted on 5/7/24 at 6:15 pm to
SS won't end in 2035, benefits will just be reduced according to existing law.

That doesn't really affect the point you are making, but I don't want people to be misinformed.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
35056 posts
Posted on 5/7/24 at 6:15 pm to
It won't
Posted by chili pup
Member since Sep 2011
3160 posts
Posted on 5/7/24 at 6:16 pm to
quote:

Social Security could end in 2035


10 years right before white people will no longer a majority (2045). That's what JObama said.

Not likely they will end it because that is millions of votes.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124542 posts
Posted on 5/7/24 at 6:20 pm to
quote:

Congress has just over a decade to fix Social Security


SS is virtually the ONLY government program operating in surplus in 2024. That fact will hold true for roughly the next ten years.

In 2035 ... guess WTF happens ....

In 2035 SS begins running at a deficit for the first time in history. In 2035 SS begins running a 20% deficit, projected for the next 100yrs. At the same time our general budget deficits run about 30%.
Posted by DaBike
Member since Jan 2008
9341 posts
Posted on 5/7/24 at 6:21 pm to
Joyless Reid called Bryan Donaldson a liar when he was explaining to her why social security was at risk.
This post was edited on 5/7/24 at 7:05 pm
Posted by Lawyered
The Sip
Member since Oct 2016
29662 posts
Posted on 5/7/24 at 6:21 pm to
quote:

Congress has just over a decade to fix Social Security before cash runs out


Congress can with impressive speed come up with hundreds of billions every few weeks for Ukraine
Posted by Boks
Red Lodge, MT
Member since Jul 2013
1131 posts
Posted on 5/7/24 at 6:28 pm to
I can remember not that long ago they were saying it would be gone in 2023.
Posted by bleedsgarnet
Virginia
Member since Apr 2014
914 posts
Posted on 5/7/24 at 6:30 pm to
I will be 70 in 2039..that is.full retirement age for my birth year.

I fully expect to lose 20% of what I am supposedly going to earn..

I expect that because that is what my statement says when I get it every year.

Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
49172 posts
Posted on 5/7/24 at 6:33 pm to
quote:

Social Security could end in 2035


Until the government decides to keep printing money like they do yearly and it lives another 10
Posted by Tandemjay
Member since Jun 2022
2589 posts
Posted on 5/7/24 at 6:34 pm to
Let it end, those on it now have taken out more than they ever paid in and those paying in right now won't see a cent.

Another reason is this is a dog whistle to bring out voters each election, nothing will be done, it's like the border to the sheep.
Posted by Teauxler
Baton Rouge
Member since Jan 2010
3315 posts
Posted on 5/7/24 at 6:41 pm to
Get rid of it … let me invest my money
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18829 posts
Posted on 5/7/24 at 6:47 pm to
Social Security (and the country) going tits up is more likely than global warming killing everyone.
Posted by Auburn1968
NYC
Member since Mar 2019
19976 posts
Posted on 5/7/24 at 6:51 pm to
Next recession and stock market crash, SS's "Trust Fund" should be invested in blue-chip stocks. The worst place to invest money is the government.
Posted by Penrod
Member since Jan 2011
40134 posts
Posted on 5/7/24 at 6:52 pm to
Everything we have paid Ukraine would not pay social security benefits for two months.
Posted by azcatiger
somewhere
Member since Mar 2011
4530 posts
Posted on 5/7/24 at 6:56 pm to
I have been hearing this every election year since I was about 10.
Posted by omegaman66
greenwell springs
Member since Oct 2007
22794 posts
Posted on 5/7/24 at 7:03 pm to
quote:

before cash runs out




How exactly can we run out of money? Do you know where "money" comes from! It is called thin air.
Posted by BlueFalcon
Aberdeen Scotland
Member since Dec 2011
2361 posts
Posted on 5/7/24 at 7:12 pm to
quote:

Social Security could end in 2035


End it now, they can keep what I've paid in so far
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