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Started By
Message
re: Joe really touched some nerves
Posted on 2/8/23 at 7:40 am to GusMcRae
Posted on 2/8/23 at 7:40 am to GusMcRae
quote:Do they?
the MAGA on this board disagrees.
The basic problem and source of frank disagreement is the OP has no idea what SS is. In typical cases, it is not a "payout" or "benefit." It is repayment on a loan provided by taxpayers and employers to the Government.
ROI on the loan is atrocious. It is far and away the cheapest borrow Uncle Sam has at his disposal. That is one reason individuals are not alternately allowed to buy US Treasuries in a retirement account in lieu of SS. The federal cost of borrow would be far higher.
Understanding that is crucial to understanding why SS ain't going anywhere. "Retirement age" might get pushed back in 2040 or so, but SS will continue, even in deficit. Because, d/t structure, SS is a federal debt, repayment is almost certainly Constitutionally protected for >55y/o's with years of forced participation.
This post was edited on 2/8/23 at 7:41 am
1
Posted on 2/8/23 at 10:56 am to NC_Tigah
quote:
NC_Tigah
You're a smart motherfricker.
No homo.
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