re: Social Security has 6 years left, cut benefits or raise taxes?

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This group of progressives on here is so hellbent

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I disagree here, if there is one thing about SS that rings true in 99% of Americans that received SS, left wingers, right wingers, independents, all of them, is that once they get a taste of that government cheese, they all want more. I've spoken with many of these elder folks and its like trying to teach algebra to a chimp, they just don't get it. They don't understand that you could fire every single (non-military) federal employee and that wouldn't make a dent in our spending.
Not to say that you shouldn't cut back on the federal work force, I've said it before and I will say it again, you need to make violent cuts to our federal government, ALL of it, no sacred cows should be left untouched.
But when you criticized SS you always get the same response from the geriatrics "bUt I pAiD InTO The SysTEM". These Einsteins don't understand that its a pay as you go system.
There is no more money, PERIOD. We're not going to sacrifice our global dominance and the future of younger generations because the +65 crowd didn't save enough and acts like 3 year old toddlers.

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We're not going to sacrifice our global dominance and the future of younger generations because the +65 crowd didn't save enough and acts like 3 year old toddlers.

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WE don’t want to sacrifice our global dominance and the future of our country.

The progressives in this thread absolutely do though.

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I dont even want interest, just give me back every cent I put in limp sum and Ill call it even steven.

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Sorry.

It no longer exists.

Only way you get it back is by having the government steal it from the younger generations, your children, to give it to you.

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If by government cheese you mean the money I earned the last 35 years and the government took for my “retirement”

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From Grok:
Many boomers come out ahead on a simple undiscounted basis (total benefits > total taxes paid), especially singles with average or below-average earnings, couples, or longer lifespans. This reflects the program's insurance and redistributive design, longer modern lifespans, and wage growth.
In short, the average boomer likely paid $200,000–$500,000+ (employee share;) into Social Security taxes and is on track to receive $300,000–$700,000+ in retirement benefits over their lifetime—

Y'all are all getting way more money than you put in, I would love to pay you back JUST what you put in, but you greedy boomers bastards would never accept it, y'all are bunch of welfare queens.
End this ponzi scheme and stop taking my money.

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End this ponzi scheme and stop taking my money.

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Well, speaking as a Boomer, we were required to pay into the Ponzi scheme under the threat of imprisonment, robbing us of the ability to build for retirement with that money. But it is indeed a Ponzi scheme.

What if young folks were allowed to opt out of paying a significant part of the SS tax as long as that money goes into a qualified retirement account AND they forgo SS? How does that math work out for the SS program? How does the math work for the younger person (pretty sure private investment will far exceed the SS benefit) As Boomers age and pass away, they fall off the payments and young folks not getting on SS never get on the payments, what is the actuarial impact? Where is the balance between treating Boomers fairly and treating young folks fairly?

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Y'all are all getting way more money than you put in, I would love to pay you back JUST what you put in, but you greedy boomers bastards would never accept it, y'all are bunch of welfare queens.End this ponzi scheme and stop taking my money.

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I'm only 58, but you want me to put in money all these years and get nothing in return, while you ( I don't know your age) stop putting money in? Then call "us" greedy?

What about the 75 and older that only live on SS? Most that age, can't just "get a job" to survive.

I think what might happen is if SS goes bankrupt, there will have to be some sort of safety net for people that can't work anymore AND don't have much savings - it could very well be a small sum like 1200 a month.

You can't just let older people starve to death or have them homeless in the USA.

The first thing we need to do is quit making these illegal immigrants as comfortable as possible when they come here. Talking to you, Democrats.

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But when you criticized SS you always get the same response from the geriatrics "bUt I pAiD InTO The SysTEM". These Einsteins don't understand that its a pay as you go system. There is no more money, PERIOD. We're not going to sacrifice our global dominance and the future of younger generations because the +65 crowd didn't save enough and acts like 3 year old toddlers.

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You don't get it. It doesn't matter that the gov't royally fricked it up and turned it into a Ponzi Scheme. They did pay into it and most of them did it unwillingly. The gov't owes them their money. Its the government's job to figure out how to quit spending money like a bunch of drunken sailors and pay back the debts it owes to its citizens.

The gov't forced the citizens to loan them their hard earned money with the promise that they will repay them when they turned 65.

If you bought a bunch of bonds from the same government would you be ok if the government said sorry we're not going to honor those bonds? How is this any different?

Would you be ok if you were owed a tax refund and the government said sorry you over paid this year but we're gonna keep it anyway?

Maybe instead of mocking those that aren't ok with the gov't stealing from them you should go look in the mirror and ask yourself how you became such a cuck!

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In short, the average boomer likely paid $200,000–$500,000+ (employee share;) into Social Security taxes and is on track to receive $300,000–$700,000+ in retirement benefits over their lifetime—

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Now go ask Grok how much the average boomer would have in retirement savings if they were allowed to put the $200,000-$500,000 into the S&P 500 instead of SS.

I'll hang up and listen.

Pony up all your savings or Scruffy calls you “greedy” while he panders for his daughter Scruffy is so concerned