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Started By
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Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure
Posted on 9/5/21 at 2:38 pm
Posted on 9/5/21 at 2:38 pm
The ironic part of this is that SS's "Trust Fund" has paid 2% interest forever while the rate of inflation has averaged 4% making its real return on investment -2%. At that rate, $1000 taken in taxes 40 years ago is repaid with dollars worth 2/5ths of their original value.
It's quite a DC Swamp racket.
In the meantime, the stock market has averaged a yearly 9% increase over the same time span.
Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure on Congress to come up with a fix
LINK CNBC
It's quite a DC Swamp racket.
In the meantime, the stock market has averaged a yearly 9% increase over the same time span.
Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure on Congress to come up with a fix
LINK CNBC
18
Posted on 9/5/21 at 2:40 pm to Auburn1968
Seize 401ks and put them into the SS fund.
This will be one proposed "solution"
This will be one proposed "solution"
Posted on 9/5/21 at 2:43 pm to Auburn1968
quote:
Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure on Congress to come up with a fix
It’s almost as if they planned the sequence of all these problems that can only be solved with more taxes.
First: COVID stimulus, PPP, reverse REPO…we need it NOW
Second: Infrastructure…we need it NOW!
Third: Social Security…we need it NOW!
We never hear. “Well, we blew our wad on saving social security. Infrastructure will have to wait”.
Posted on 9/5/21 at 2:45 pm to Auburn1968
So let us immediately stop paying into it .
Such garbage and all those pussy politicians don’t want to reform it at all
Such garbage and all those pussy politicians don’t want to reform it at all
Posted on 9/5/21 at 2:48 pm to Auburn1968
Same people saying we need a fix are also the ones who shitcanned W’s proposed fix nearly 20 years ago.
Posted on 9/5/21 at 2:50 pm to Auburn1968
It could happen, maybe. But this is just like the climate scare, they’ve been making this prediction literally MY ENTIRE LIFE, and it hasn’t happened yet. If need be, they’ll just borrow and print more money.
Posted on 9/5/21 at 3:03 pm to Auburn1968
Pepperidge Farms remembers when the insolvency date for SS was 2042.
Posted on 9/5/21 at 3:03 pm to Auburn1968
fricking clowns
2 trillion left in social security
That’s less than the 3 trillion so called infrastructure plan that they’re proposing
2 trillion left in social security
That’s less than the 3 trillion so called infrastructure plan that they’re proposing
Posted on 9/5/21 at 3:20 pm to Auburn1968
quote:
Now there’s renewed pressure on Congress to come up with a fix
lol
Posted on 9/5/21 at 3:34 pm to Auburn1968
One leg of scheme to raise taxes
Posted on 9/5/21 at 4:08 pm to Auburn1968
Great. About the time I’ll be eligible to get my money back. So I fricking pay in for 45 years and get squat.
frick this gay corrupt country.
frick this gay corrupt country.
Posted on 9/5/21 at 4:30 pm to Auburn1968
This isn’t new information. I’ve always assumed I’d never see a dime of money they took from my check to “save” for me. They will start with phasing out benefits for anyone with assets over “xyz” and it will eventually become another safety net for those who likely paid little into the system.
Posted on 9/5/21 at 4:32 pm to Auburn1968
Yet, the Democrats continue to spend trillions that we don't have driving up inflation which will eventually drive up interests rates that the government will have to pay to service its debt. At this rate, I will be surprised if the "Trust Fun" can be sustained until 2034. 
Posted on 9/5/21 at 4:40 pm to Auburn1968
quote:
Social Security won’t be able to pay full benefits by 2034.
Hooray...I turn 64 in 2034.
Posted on 9/5/21 at 4:54 pm to Auburn1968
put back in the money they have taken out for whatever they used it for would be a start.
Posted on 9/5/21 at 5:06 pm to Auburn1968
I would love to opt out of this bullshite, they can keep the fricking money they have stolen from me
Posted on 9/5/21 at 6:14 pm to Auburn1968
Just print more money, that’s what we do for everything else.
Posted on 9/5/21 at 6:25 pm to Auburn1968
Good thing I plan to be dead by then.
Posted on 9/5/21 at 6:27 pm to Auburn1968
quote:
Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure on Congress to come up with a fix
The concept of “retirement security” being iffy is the one thing that makes me hopeful that they’ll keep their hands off Roth assets and not change too much the rules on current retirement plans. I mean, I’ll almost certainly be wrong. But there’s a glimmer of hope that they realize private citizens are better at their own financial security and won’t frick it up.
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