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re: Will there be social unrest when monthly social security checks are cut by 22% in 2032?

Posted on 6/12/26 at 6:56 am to
Posted by LemmyLives
Texas
Member since Mar 2019
16658 posts
Posted on 6/12/26 at 6:56 am to
quote:

Military Industrial Complex funded is more important than the security of folks who have kept the country funded and safe for the last 60 yrs.

What a traitor he has become.

Uh, you realize congress is the one that passes bills, right?
We also wasted more than 100B in federal funding on NYC alone in 2023, but just ignore that shite.
Posted by Toroballistic
Tallahassee
Member since Dec 2017
2323 posts
Posted on 6/12/26 at 7:27 am to
quote:

You were robbed.


So Boomers are victims?

quote:

If you are requiring theft from your kids and others to receive your money, that’s a welfare entitlement.


Thanks for this. Made me realize that you are either too stupid or brainwashed to continue arguing with.
Posted by Tiger Prawn
Member since Dec 2016
25987 posts
Posted on 6/12/26 at 7:32 am to
quote:

Maybe someone should look into how many foreigners are getting SS payments. Many without having paid the first cent in.
And how many citizens are collecting SSI disability payments for made up or exaggerated reasons and are fully capable of working.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
140102 posts
Posted on 6/12/26 at 7:34 am to
quote:

True or false-

The government confiscated our “Social Security” tax dollars- in my case for 50 years- and the nominal return would be multiples of 120-200% if the government hadn’t been the entity controlling the money.


I know this one. It's true.
Posted by Scruffy
Kansas City
Member since Jul 2011
77516 posts
Posted on 6/12/26 at 7:47 am to
quote:

So Boomers are victims?
In this context, yes.

They were lied to and robbed by their government.
quote:

Thanks for this. Made me realize that you are either too stupid or brainwashed to continue arguing with.
Hey, whatever it takes for you to justify your support for the continued theft from your children and grandchildren.

You were lied to and stolen from, therefore your children deserve the same fate so that you can receive your welfare entitlement.
Posted by Rockne
Member since Jul 2021
4 posts
Posted on 6/12/26 at 8:13 am to
Hey, whatever it takes for you to justify your support for the continued theft from your children and grandchildren.

You were lied to and stolen from, therefore your children deserve the same fate so that you can receive your welfare entitlement.
Posted by Scruffy
Kansas City
Member since Jul 2011
77516 posts
Posted on 6/12/26 at 8:22 am to
Whatever it takes to justify your continued support for a welfare entitlement that all of you “seem” to not actually need.

Posted by lionward2014
New Orleans
Member since Jul 2015
14162 posts
Posted on 6/12/26 at 8:59 am to
quote:


True or false-

The government confiscated our “Social Security” tax dollars- in my case for 50 years- and the nominal return would be multiples of 120-200% if the government hadn’t been the entity controlling the money.


True, which is why it should be eliminated.
Posted by Toroballistic
Tallahassee
Member since Dec 2017
2323 posts
Posted on 6/12/26 at 9:23 am to
Don't bother arguing with Scruffy, he ain't worth your time.

Hopefully he knows that: "Stupid people shouldn't breed."
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139724 posts
Posted on 6/12/26 at 11:00 am to
quote:

Will there be social unrest when monthly social security checks are cut by 22% in 2032?
A 20% "cut" would render SS viable for >75 years. For those on SS, COLA could be suspended for 8-10yrs to get there. No cuts required. So that outcome would actually be great if you're a SS advocate. Aside from doing away with the program, or privatizing it, the 22% cut might well be the best outcome for everyone except Uncle Sam.

We've maintained a gargantuan "SSTF" for the past three decades as a borrowing offset. Uncle Sam badly needs the offset. So the odds of Congress not moving to a tax increase to "save" SS "for the public good" are nearly nonexistent. Look for Congress to do the "right thing" and bump SS payroll taxes by ~25% ... you know ... to help the commonman.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
140102 posts
Posted on 6/12/26 at 11:48 am to
quote:

Don't bother arguing with Scruffy, he ain't worth your time.


He keeps saying entitlement program. I paid into it, so it's not an entitlement for me. I also was given no choice but to pay into it.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
45110 posts
Posted on 6/12/26 at 12:18 pm to
Posted by ronricks
Member since Mar 2021
12554 posts
Posted on 6/12/26 at 1:12 pm to
If you were born after about 1973ish and you are planning on needing SS in retirement you are a god damn idiot.

Max those 401k's, HSA's, and Roth accounts. Planning on collecting a SS check is absolute and total failure. When has our government done anything right? They can't even deliver a piece of mail to me in an efficient or effective manner yet some of you are trusting them with your financial future?
Posted by Scruffy
Kansas City
Member since Jul 2011
77516 posts
Posted on 6/12/26 at 1:17 pm to
quote:

He keeps saying entitlement program.
It is literally an entitlement program.

It is even called that by the federal government.
quote:

Understanding Supplemental Security Income Social Security Entitlement -- 2026 Edition
From the mouth of our government.

SSA.gov

*MIC DROP*
Posted by Scruffy
Kansas City
Member since Jul 2011
77516 posts
Posted on 6/12/26 at 1:18 pm to
quote:

So the odds of Congress not moving to a tax increase to "save" SS "for the public good" are nearly nonexistent. Look for Congress to do the "right thing" and bump SS payroll taxes by ~25% ... you know ... to help the commonman.
This.

They will 100% increase taxes to do this.

This post was edited on 6/12/26 at 1:20 pm
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
12939 posts
Posted on 6/12/26 at 1:23 pm to
quote:

True or false-

The government confiscated our “Social Security” tax dollars- in my case for 50 years- and the nominal return would be multiples of 120-200% if the government hadn’t been the entity controlling the money.


The facts are that most of the time. SS beneficiaries will receive more money than was put into the system. The only way this is not true is if you die before you are able to collect and have no one claim your spousal or child benefits.

The crazy thing about SS is that if you fire your rocket into a fertile 35 year old MILF that you married at 70 years old. Your child and the spouse are eligible for your survival benefits after only one year of marriage.
Posted by bluedragon
Birmingham
Member since May 2020
9680 posts
Posted on 6/12/26 at 1:30 pm to
BS. Arrest the fraud and illegal immigrants that paid a dime into the system.

Why don’t we screw the Democrats first while solving their created problem?

Hell they couldn’t do healthcare insurance right and had to increase their failure by launching an Obamacare website, using the same firm that got fired by Canada.

Biggest bunch of fups in history. Look at their stupid voters.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139724 posts
Posted on 6/12/26 at 2:02 pm to
quote:

Seems like an entitlement.
Entitlement is a floating signifier of sorts. In our present day lexicon, "entitlement" carries connotations in some circumstances of welfare, or government giveaways. However, in reality, an entitlement is simply a right to receive a benefit.

If you take out a loan, the repayments are technically the lender's "entitlement."

Social Security entails that identical equation.
Social Security contributors/payers are lenders.
The government is the borrower.

Every penny contributed is converted into a US debt obligation.
In accordance with the 14th amendment, US debt shall not be questioned. In that sense, every contributor in good standing with the US government is entitled, or has a right to a return on the government's debt obligation.

So although Social Security is far from a "benefit" (in fact, it is a rip off in every sense of the word), it is technically an entitlement.
This post was edited on 6/12/26 at 2:09 pm
Posted by N2cars
Member since Feb 2008
39942 posts
Posted on 6/12/26 at 2:13 pm to
Link?

Accounting for TVM?
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
49790 posts
Posted on 6/12/26 at 2:18 pm to
quote:

The crazy thing about SS is that if you fire your rocket into a fertile 35 year old MILF that you married at 70 years old. Your child and the spouse are eligible for your survival benefits after only one year of marriage.


While technically correct this argument is stupid. There isn't a 70 year dude anywhere pulling a 35 year old MILF if he isn't already loaded with money. The numbers on this happening have to be lower than 1.0% of the population.
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