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Message
re: The Coming Social Security Crisis
Posted on 3/30/24 at 11:15 am to SlowFlowPro
Posted on 3/30/24 at 11:15 am to SlowFlowPro
quote:
who don't like welfare, can't imagine they're licking their chops at the largest welfare program in human history.
I think this is a take with absolutely no nuance. "Welfare" has many forms, few people hate it outright.
I have no problem helping granny who worked all her life and is too old and frail to earn money now. She is doing her best.
I have a big problem supporting someone who is lazy/refusing to work.
It's a spectrum, not a binary
0
Posted on 3/30/24 at 11:50 am to Scruffy
quote:
The US life expectancy declined in 2023.
Shouldn’t we lower the retirement age?
Well, only after first raising it to reflect the change in life expectancy from 1935 to 2022.
Posted on 3/30/24 at 8:31 pm to meansonny
quote:Everyone involved in the hiring process. It's not hard to follow the paper trail within an organization involved in hiring and said policies.
A felony for whom?
HR?
Shareholders?
Posted on 3/30/24 at 8:31 pm to meansonny
quote:Everyone involved in the hiring process. It's not hard to follow the paper trail within an organization involved in hiring and said policies.
A felony for whom?
HR?
Shareholders?
Posted on 4/3/24 at 10:21 am to Diamondawg
quote:
An employer sends the employee portion plus the employer portion and the government can't reconcile a name with a fake number? Are you saying they can't or choose not to?
Choose not to
Posted on 4/3/24 at 10:42 am to RoosterCogburn585
quote:
What they fail to mention is the tremendous strain people who have never contributed a dime to, but collect from social security.
^ This. There are a few older ladies in our community who never worked a lick, but are drawing their dead husband's Social Security. My father and mother both worked their whole damn lives, and my mother draws her Social Security, but can't draw my father's. What's the difference? Either those women shouldn't get anything, or my mother should also get my father's as well as her's since he paid it in. So, my father's SS goes to support others, but can't help supplement my mother's income? If those other women who didn't work "deserve"what their husbands paid it, then don't punish my mother for working for 40 damn years. Stupid.
This post was edited on 4/3/24 at 10:46 am
Posted on 4/3/24 at 11:28 am to RoosterCogburn585
quote:There aren’t a lot of these, though. SSDi taxes (unlike income taxes) don’t have exemptions for low income. The taxes (rightfully) stay at $1 of income. And million of illegals pay in, and will never be eligible to collect.
What they fail to mention is the tremendous strain people who have never contributed a dime to, but collect from social security. How about we put a little more pressure on the deadbeats instead of telling the working man
The real “deadbeats” in SS are the retirees that take multiple decades out of payouts. The system was never designed for that. Those are the people sucking the “trust fund” dry.
Posted on 4/3/24 at 11:30 am to Zarkinletch416
quote:No. The ROI absolutely sucks. If i had been able to put my SS taxes into a pribvate investment fund… I have paid in all I can expect from SS by 33 years old.
The Social Security Program is a decent retirement plan funded through employee-employer contributions.
Posted on 4/3/24 at 11:33 am to ShermanTxTiger
quote:We love our government spending, as long as it’s on us, amiright?
It seems like every program except defense should take a backseat to SS.
It already drives the budget. SS/Medicare, DoD and debt interest. The rest is scraps.
This post was edited on 4/3/24 at 11:34 am
Posted on 4/3/24 at 11:39 am to GumboPot
quote:
Raising the SS benefit age is tantamount to increasing taxes and growing government.
Up in the air like Mary Lou Retton! quote:Compresses can’t pass laws that encumber future congresses. Congress, literally, cannot pass a “promise”. SS and Medicare have always been up to the whims of Congress. Nothing more. Nothing less.
Congress made its promise, appropriate funding as promised.
Yeah, I know that’s not what we’ve been told. But believing politicians’ “promises” was never a good idea. They lie. A lot.
This post was edited on 4/3/24 at 11:40 am
Posted on 4/3/24 at 11:42 am to SlowFlowPro
quote:it stops being “your money” the day government takes possession of it.
Your money is taxed and becomes the government's to spend on others.
The idea that the government has some sort of bank account where they keep “your money” in some vault… is silly. Even if you want to pretend that’s the case… your “bank” is also holding o to $35Trilliom in debt.
Is that where “your money” is saved up? This post was edited on 4/3/24 at 11:43 am
Posted on 4/3/24 at 11:46 am to RoosterCogburn585
quote:SS is currently in the black. It is in surplus. It will remain so for about 10 years despite a huge recent COLA. In ten years, once the SSTF is emptied, if nothing is done to fix the ""crisis"", SS will run for the next century at significantly lower percentage annual deficits than the rest of the US budget.
The Coming Social Security Crisis
Put differently, if the rest of our budget was in ""crisis"" like SS, it would prove an American economic miracle. So the question one should ask is why the emphasis on SS instead of on the rest of our actual "in crisis" budget?
Posted on 4/3/24 at 11:46 am to lazlodawg
quote:Well, Trump promised me a tax cut But the 2017 tax bill is going to cost me six figures in extra taxes this year. Where do I go to get “my” money back? I was promised!!!
You guys don't get my position at all. I would gladly give up any return if that meant the end of ss. You cannot and should not expect people who have paid into this their entire lives and are close to retirement age to agree to a sudden change in their terms.
Posted on 4/3/24 at 11:47 am to Scruffy
quote:I don’t remember agreeing to my income tax terms.
Why should anyone under 50 support or agree to those terms?
Posted on 4/3/24 at 11:53 am to wackatimesthree
quote:You don't understand how SS is financed, or why. Before engaging this, you should make a better effort to understand the topic.
If his tax money goes to pay for a government program for someone who doesn't work and is 68
Posted on 4/3/24 at 11:58 am to RoosterCogburn585
Every year the income caps on payroll taxes increase. Is that not enough to cover SS obligations?
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