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re: Myth- “social security is guaranteed”.
Posted on 10/7/26 at 9:14 am to wackatimesthree
Posted on 10/7/26 at 9:14 am to wackatimesthree
quote:
I don't know who told you that I take orders from you, but the fact that you think that demonstrates how dull you are.
just as I thought
You can't do it
quote:
he government took a chunk throughout their lifetimes.
as they have of gen x and millennial's yet those people were smart enough to realize ss wasn't going to be a fall back
I've made you look dumb multiple times on this board so I'm not surprised all you can throw at me is personal insults
Posted on 10/7/26 at 9:50 am to GreatLakesTiger24
quote:
They beat the Nazis in WWII and brought this country into the 21st century
You failed history. No Boomer ever fought Nazis, they mostly became communists in the 1960s.
Posted on 10/7/26 at 9:57 am to RockyMtnTigerWDE
quote:
Return my money and stop the steal all together.
Your money is gone. Any money you get now is my money.
Posted on 10/7/26 at 10:48 am to TrueTiger
Matt Walsh is an idiot. SS is guaranteed. It might not be for coming generations, but it is for those that have paid in.
* When it was passed in 1935, the govt provided a pamphlet that established its guarantee
* On the govt website it clearly states that SS is an entitlement. And as it appears youre having trouble with understanding the concept, I will define it for you
The Speaker of the House has also confirmed that right
* When it was passed in 1935, the govt provided a pamphlet that established its guarantee
* On the govt website it clearly states that SS is an entitlement. And as it appears youre having trouble with understanding the concept, I will define it for you
quote:
entitlement - something, often a benefit from the government, that you have the right to have:
Social Security and Medicare are entitlement programs in the US that people who have paid into these symptoms have a right to collect from them
The Speaker of the House has also confirmed that right
quote:
Speaker Johnson said that entitlement programs like Social Security and Medicare have to be adjusted and fixed. His focus is on improving oversight, reducing fraud, and addressing what he described as "autopilot" spending
Posted on 10/7/26 at 11:07 am to RobbBobb
quote:
Matt Walsh is an idiot. SS is guaranteed. It might not be for coming generations, but it is for those that have paid in. * When it was passed in 1935, the govt provided a pamphlet that established its guarantee * On the govt website it clearly states that SS is an entitlement. And as it appears youre having trouble with understanding the concept, I will define it for you quote:entitlement - something, often a benefit from the government, that you have the right to have: Social Security and Medicare are entitlement programs in the US that people who have paid into these symptoms have a right to collect from them The Speaker of the House has also confirmed that right quote:Speaker Johnson said that entitlement programs like Social Security and Medicare have to be adjusted and fixed. His focus is on improving oversight, reducing fraud, and addressing what he described as "autopilot" spending
None of this is true
In Fleming vs Nestor the Supreme Court ruled individuals don’t have a right to SS meaning congress could reduce or get rid of it
Posted on 10/7/26 at 11:46 am to RobbBobb
quote:
* When it was passed in 1935, the govt provided a pamphlet that established its guarantee
A pamphlet you say?
quote:I’ll play. What is the specific amount of money are individuals guaranteed to have paid out to them?
* On the govt website it clearly states that SS is an entitlement. And as it appears youre having trouble with understanding the concept, I
Posted on 10/7/26 at 11:47 am to Midtiger farm
quote:Did the see the pamphlet, tho?
None of this is true
In Fleming vs Nestor the Supreme Court ruled individuals don’t have a right to SS meaning congress could reduce or get rid of it
Posted on 10/7/26 at 11:51 am to RobbBobb
quote:
Matt Walsh is an idiot. SS is guaranteed. It might not be for coming generations, but it is for those that have paid in.
* When it was passed in 1935, the govt provided a pamphlet that established its guarantee
* On the govt website it clearly states that SS is an entitlement. And as it appears youre having trouble with understanding the concept, I will define it for you
quote:
entitlement - something, often a benefit from the government, that you have the right to have:
Social Security and Medicare are entitlement programs in the US that people who have paid into these symptoms have a right to collect from them
The Speaker of the House has also confirmed that right
quote:
Speaker Johnson said that entitlement programs like Social Security and Medicare have to be adjusted and fixed. His focus is on improving oversight, reducing fraud, and addressing what he described as "autopilot" spending
Sure, you have a right to collect it, but there's a lot of space between collecting something versus collecting nothing. They could very easily adjust the benefit amount equation by adding new bend points in income, adjusting bend point percentages or establishing a separate equation based on individual income. None of that is set in stone.
It wouldn't be hard to maintain people collecting at least something while making significant changes in how much people collect.
Posted on 10/7/26 at 11:55 am to Midtiger farm
quote:So let's go over this once again for people like yourself who are too lazy to do actual research, and too undisciplined to think logically, much less know who to blame for the current state of SS.
And a failure dipshit
SS is the cheapest, most reliable borrowing program at the Feds disposal. It has been brilliantly marketed as a retirement fund since its inception. Every 1¢ of contributions is immediately converted into a US Debt Instrument. The SS debt instrument (aka bonds) was initially used to fund 30% of FDR's second term "New Deal" programs, and a large amount of subsequent WWII debt. It has been identically used ever since. That was always its purpose.
The SSTF currently funds $2T in general government non-SS programs. As the SSTF declines, DC has to borrow money from other sources at a higher cost.
Because SS is the cheapest borrowing program out there, the lender is obviously getting hosed. The lender is the American taxpayer. Let's tease that out.
SS ROI is ~3% for the last 45yrs.
Meaning for every $1 put in as a 22y/o 45yrs ago, a current 67y/o receives ~$3.60 as a return on that $1.
If the same $1 was put into an S&P account with reinvested dividends, it would be worth more than $100 today.
So what you are crying about as a "Boomer gift" has actually cost those Boomers up to $96.40 for every $1 contributed.
Far from a benefit, it is a total grift.
The obvious solution would be to transition program investments to higher yielding vehicles. Even something as simple as modifying the SSTF bond mix could render SS "solvent" for the long term. The reason the Government does not want to do that is it would squeeze out outside purchases of longer term bonds. Our current debt/deficit won't allow it.
Though there are investment related remedies, unfortunately the DC solution is going to be the same as it was in 1983 -- significant payroll tax increases, and benefit reductions -- with the goal to increase the size of the SSTF (which is to the government's benefit). Benefit reductions such as COLA freezes for current recipients would be fine. But they are probably not legally feasible d/t program structure.
Posted on 10/7/26 at 12:00 pm to TrueTiger
Of all the waste and grift in the Fed budget why start with screwing people that actually worked and payed into the system?
Balance the budget, eliminate SS fraud, Medicare Fraud, cut payments to the leech class, cut all money to NGO’s, etc. If you then don’t have enough let’s talk.
How about a Fed Income tax exemption for up to the amount I would’ve received in SS? I’ll sign up for that.
What these knuckleheads don’t realize is theyre falling for the same psyop used for the reputation argument. My life sucks, these people caused it, let’s screw them and take their money.
Balance the budget, eliminate SS fraud, Medicare Fraud, cut payments to the leech class, cut all money to NGO’s, etc. If you then don’t have enough let’s talk.
How about a Fed Income tax exemption for up to the amount I would’ve received in SS? I’ll sign up for that.
What these knuckleheads don’t realize is theyre falling for the same psyop used for the reputation argument. My life sucks, these people caused it, let’s screw them and take their money.
This post was edited on 10/7/26 at 12:03 pm
Posted on 10/7/26 at 12:05 pm to Midtiger farm
quote:Negative.
In Fleming vs Nestor the Supreme Court ruled individuals don’t have a right to SS meaning congress could reduce or get rid of it
Nestor lost his rights to SS benefits because he was deported d/t anti-American activity.
Applying that finding to the general populous is as dubious a proposition as noting the ability to deprive felons of 2nd Amendment rights, and then generically applying the ability to general population.
Posted on 10/7/26 at 12:07 pm to Midtiger farm
quote:
In Fleming vs Nestor the Supreme Court ruled individuals don’t have a right to SS meaning congress could reduce or get rid of it
Now you've gotten down to brass tacks. You just have to find or develop the next generation of politicians who will do just that. For me and my wife, it is just over four grand a month. That's just not a lot of money. And if it is, you aren't doing things right in the world.
Posted on 10/7/26 at 12:09 pm to SquatchDawg
quote:What these knuckleheads don’t realize is where the actual responsibility and remedy lie, and why.
What these knuckleheads don’t realize is
Posted on 10/7/26 at 12:12 pm to Midtiger farm
quote:
Midtiger farm
How much money have you invested in the equity markets whether by 401K, IRA or brokerage account. Don't really tell me. But I hope it is as much as you can afford. SS will not get you rich. But the vehicles I've listed will.
This post was edited on 10/7/26 at 12:28 pm
Posted on 10/7/26 at 12:21 pm to RobbBobb
quote:
SS is guaranteed.
Until Congress says it isn’t.
Posted on 10/7/26 at 12:25 pm to TrueTiger
quote:.... and the Constitution is simultaneously amended.
Until Congress says it isn’t.
"Until Congress says it isn’t" would probably apply to any other budget item though.
Posted on 10/7/26 at 12:25 pm to NC_Tigah
quote:Thanks. I know you have explained this 10s of times already but I guess it's a new set of millennials that haven't seen it. You explain it well and at an 8th grade reading level so even they can understand it (the last part was sarcasm, a little).
So let's go over this once again for people like yourself who are too lazy to do actual research, and too undisciplined to think logically, much less know who to blame for the current state of SS.
Posted on 10/7/26 at 12:26 pm to NC_Tigah
quote:
.. and the Constitution is simultaneously amended.
SS is not in the Constitution.
Posted on 10/7/26 at 12:29 pm to TrueTiger
quote:US debt obligation is (so are pensions).
SS is not in the Constitution.
Posted on 10/7/26 at 12:32 pm to TrueTiger
quote:That's what he implied.
SS is not in the Constitution.
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