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Started By
Message
re: Speaking of Social Security
Posted on 3/28/24 at 10:44 am to Auburn80
Posted on 3/28/24 at 10:44 am to Auburn80
quote:
And don’t get too wound up about the running out of money scare tactics. They’ve been doing that for 30 years.
I disagree with this.
There are 3 reasons why social security is solvent.
1) benefits have been reduced multiple times by extending the full retirement age.
2) benefits are now taxed. And they are taxed at income levels set in the 1980s (i.e. even the poor are paying this tax).
3) inflation is the secret lever that the government uses to afford future debt obligations (higher wages/taxes today to afford lower contributions which would otherwise be unsustainable).
If you can't acknowledge the 3 points above are true, you shouldn't be included in the discussion.
This post was edited on 3/28/24 at 10:45 am
2
Posted on 3/28/24 at 10:55 am to meansonny
MeanSonny, you are correct.
And as to the OP stating that SS is bullet proof and they have been saying the same thing for 30 Years, you are delusional!
While thank you for the link, will check it out.
But, 30 years ago we were $35Trillion in debt & growing astronomically each quarter with new spending bills sending money overseas.
And we truly haven’t even seen the “updated correction” on costs of the illegal invasion.
Not Only is SS on the ropes, but the entire USD$ is being purposely collapsed.
And as to the OP stating that SS is bullet proof and they have been saying the same thing for 30 Years, you are delusional!
While thank you for the link, will check it out.
But, 30 years ago we were $35Trillion in debt & growing astronomically each quarter with new spending bills sending money overseas.
And we truly haven’t even seen the “updated correction” on costs of the illegal invasion.
Not Only is SS on the ropes, but the entire USD$ is being purposely collapsed.
Posted on 3/28/24 at 10:58 am to meansonny
quote:
3) inflation is the secret lever that the government uses to afford future debt obligations (higher wages/taxes today to afford lower contributions which would otherwise be unsustainable).
The Federal Reserve publicly states that they have a 2% inflation target. It's insane.
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