re: I think it's time for America to cut social security altogether (serious)

I'm sure others have said this, but I am fine with ending Social Security as long as they give me ALL of the money that I have paid into it and without taxes being withheld.

It is a MANDATORY tax that is withheld from your paycheck and you cannot opt out of it period. Secondly they have raised the wage threshold limit for the tax to a point that it now never ends. They move the goal posts for full benefit retirement, and complain that is is soon to be insolvent. But they have no problem sending BILLIONS to foreign wars without any input from the taxpayers.

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It is a MANDATORY tax that is withheld from your paycheck and you cannot opt out of it period. Secondly they have raised the wage threshold limit for the tax to a point that it now never ends. They move the goal posts for full benefit retirement, and complain that is is soon to be insolvent. But they have no problem sending BILLIONS to foreign wars without any input from the taxpayers.

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Getting your investment back is never going to happen. They would have to print so much money that the dollar would be burned for heat or used as toilet paper.

Second, the BILLIONS to foreign wars wouldn't touch what the US owes for entitlement spending.

I'm going to link the figures again, but hopefully it will show you that worry about military spending while ignoring entitlement spending is like going to an emergency room with a heart attack and the doctors focusing on an ingrown toenail.

Social security is a scam. They take your money, give it to current entitlement recipients, and plan on your kids to pay their taxes so they can give their money to you. Problem is, there won't be enough kids in the world to pay what the government will owe your generation.

“The problem with socialism is that you eventually run out of other people's money.”
- Margaret Thatcher

Entitlements will kill the USA

It can be done only if you discontinue deducting for SS from people currently entering the job market who haven't yet had their money confiscated from their paycheck.

To just stop it at some arbitrary point so that the people who've paid in for years and years would have their money confiscated in the end would be wholly disastrous.

You people who talk about just putting a halt to social security are some real goofballs.

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I understand that it's a Ponzi Scheme and that it would cost us through the nose to shut it down

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It is neither a Ponzi, nor would it cost "us" to shut it down. The government won't shut SS down ... ever .... as long as government retains need for a reliable, cheap debt vehicle. The Feds will term their refusal a "preservation of benefits," and a "favor" to the population. Sadly, a majority of folks will believe that crap.

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This is mostly a young person take. No matter how financially sound you are, things can happen unexpectedly in life

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Then the solution would be to create an actual retirement program, or even a privately operated annuity. SS is neither.

SS is essentially a balloon note you are providing to the government. But on the government's terms, not yours. In the vast majority of circumstances, our Federal Government is Social Security's beneficiary, not the person receiving a monthly SS check.

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Getting your investment back is never going to happen. They would have to print so much money that the dollar would be burned for heat or used as toilet paper.

Second, the BILLIONS to foreign wars wouldn't touch what the US owes for entitlement spending. I'm going to link the figures again, but hopefully it will show you that worry about military spending while ignoring entitlement spending is like going to an emergency room with a heart attack and the doctors focusing on an ingrown toenail.

Social security is a scam. They take your money, give it to current entitlement recipients, and plan on your kids to pay their taxes so they can give their money to you. Problem is, there won't be enough kids in the world to pay what the government will owe your generation.

“The problem with socialism is that you eventually run out of other people's money.” - Margaret Thatcher Entitlements will kill the USA

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Of the Top Ten nations in military spending the US is #1 and spends nearly $1 trillion annually on national defense, more than the next 9 nations below the US combined, this has been going on for decades.

The US is carrying nearly $1 trillion in interest payments annually on $35 trillion of US debt with tax revenues of approximately $4-5 trillion while spending nearly $7 trillion annually with $1.5-2 trillion of that $7 trillion being deficit spending.

The problem isn't tax revenues it's corrupt and irresponsible politicians robbing the US taxpayer of the fruits of their labor. The waste, fraud and inefficiencies of a bloated federal government is destroying the constitutional republic, the US debt spiral is equally as dangerous to the constitutional republic as the Cultural Marxist movement is, they go together hand in glove. I also believe an increasing number of Americans are beginning to understand the situation with the federal government's corruption and irresponsible behavior and they're sick of it all.

All of this ^^^ was typed to illustrate there wouldn't be an issue with the solvency of Social Security if our federal government wasn't so fricked up.

The US citizens that have paid into the system for their whole lives deserve it. Non-citizens, people that haven't paid into the system don't. Going forward you should be able to opt out of the system and the government needs to stop stealing money from social security, which is the reason why it is running out of money.

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The US citizens that have paid into the system for their whole lives deserve it. Non-citizens, people that haven't paid into the system don't. Going forward you should be able to opt out of the system and the government needs to stop stealing money from social security, which is the reason why it is running out of money.

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This is a reasonable logical position that can never be implemented if a Democrat or Republican politician wants to ever win another election at the federal level.

Because it’s a political stalemate, only option is for everyone to suffer.

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if a Democrat or Republican politician wants to ever win another election at the federal level

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this ~ it’s political suicide

“More is lost by indecision than wrong decision. Indecision is the thief of opportunity. It will steal you blind.”

Marcus Tullius Cicero