re: I see people on here say that the social security trust fund was “raided”. That’s false

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It was not raided, it was stolen.

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It is what it is. It is a loan by the people to Uncle Sam given on incredibly generous terms (because you and I as lenders are given no say in it). That is as it was always designed.

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Time to just end social security altogether

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End it for those 40 and under. Anyone who hasn’t put 15 years into yet should have the option to get out if it. Obviously you can’t end it for seniors currently on it, but start the phase it out for millennials, Gen Z, Gen Alpha.

But social security from the onset was a Ponzi scheme.

I love getting the "you paid in this much but are getting this much", letters from SS. Makes it look like a great deal. Had the bastards just let me invest my employers match plus what they took from me over 43 years I'd have well over $2,500,000 in investments. Time value of money boys. I could put all that in a Franklin Fund or DNP or a REIT and be drawing many times my expected SS Payments.

Nobody and I mean nobody would invest their 401-K or IRA in guaranteed interest over their lifetime.

So, they were poor fiduciary agents giving the government low interest loans at our expense.

Instead, they spent the money and are funding it as we go. After all, paying salaries for Ukrainian officials and $10,000 debit card for illegals is so much better than funding SS

I am sure at some point my SS Payments will cease because I set aside money in my 401-K knowing this shite would happen. I need to be punished for my foresight and "pay my fair share" so some lazy, illegal bastards can vote for Democrats.

bullshite!!!!!!!!!

That was one hell of a word soup to try to spin this in the govts favor.

A third grader could have done a better job with those funds than those thieving bastards in Washington did.

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The federal govt is currently paying back into SS for everything it borrowed + interest

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They have to vote TO FUND IT every year.

By fund it they mean everything that is attached to it. Typical Washington bullshite. We pay them to do nothing but figure out ways to get deeper in our pockets.

A tax by any other name is a tax.

How much of that deficit spending is going toward SS and how much is being used to pay entitlement programs?

It’s truly incredible how in denial the boomers on this board are regarding social security.

In less than ten years when the program’s reserves run out and retired people see a 23% benefit cut, many will scratch their heads like idiots and say “why are my benefits being cut?????”, without ever acknowledging they refused to fix the problem in the early 2020s.

Cajunangelle, if she is still alive in 2033, will be on this board screaming to the sky that her monthly check is 23% less

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Why are you still posting a chart that is guessing at future expenditures and earnings?

You only proved the point that currently SS is in the black. And they are using fear porn to justify shenanigans that will only make it worse

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Holy shite…..are you aware of what a forecast is? Are you f’n aware that demographic changes such as retirement population shifts, working population, etc are highly trackable?

This is raw, hard data

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The retirement and disability program has been running a cash-flow deficit since 2010. Its trust fund, which holds US$2.7 trillion, is rapidly diminishing. Social Security’s trustees, a group that includes the secretaries of the departments of Treasury, Labor, and Health and Human Services, as well as the Social Security commissioner, project that the trust fund will be completely drained by 2033.

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How much of that deficit spending is going toward SS and how much is being used to pay entitlement programs?

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SS is an entitlement program

Don’t you dare come to this board in 2033 and bitch that your monthly check got cut by 23%

You played a role in the benefit cut, because you insisted in 2024 that the program is doing fine