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re: Social Security and Medicare need to be eliminated
Posted on 2/20/26 at 11:37 am to chew4219
Posted on 2/20/26 at 11:37 am to chew4219
quote:100%
Social Security should be privatized and belong solely to the contributor.
But that will never happen.
Why?
Because SS is not, and never was, a retirement benefit.
It is a forced loan.
It is set on the borrower's (US Government's) terms.
It is analogous to you being allowed by law to walk into a bank, demand a home loan, and set the terms of the ROI in exchange. If individuals were allowed to do that, they'd never want to give up the program. In the same way, the Feds will never give up SS.
0
Posted on 2/20/26 at 11:38 am to TIGERHOLD
Social Security is an investment in government with a return on investment that offered interest typically lower than the rate of inflation.
If SS was a private pension fund, the managers would go to jail.
If SS was a private pension fund, the managers would go to jail.
Posted on 2/20/26 at 11:46 am to wackatimesthree
Grok says:
quote:
The federal government's annual spending on means-tested welfare and anti-poverty programs, including Medicaid and other initiatives stemming from the War on Poverty (such as SNAP and SSI), totaled approximately $1.2 trillion in fiscal year 2024. This figure encompasses major categories like health insurance programs (excluding Medicare, which is not means-tested) and economic security programs.
quote:
According to the CMS National Health Expenditure (NHE) projections and related reports, Medicare spending (total program expenditures, largely borne by the federal government) was around $1.118 trillion in 2024, with growth projected at roughly 7-8% annually in recent updates. This implies a 2025 figure in the range of approximately $1.2 trillion or higher, representing about 21% of total U.S. national health expenditures.
Posted on 2/20/26 at 11:52 am to OccamsStubble
quote:
Would you be OK if I just got the money stolen from me back without interest?
I’d be OK with that
Given inflation, that would be a little over 1/3 of the amount you put expressed in constant dollars. It's quite the skim.
Posted on 2/20/26 at 11:56 am to mylsuhat
quote:
Fine, eliminate it, but there better be a pay out for what I have put in
Exactly! As a 69 year old retiree that paid taxes on my income since 1973, do younger minds really think we should just be taken out of the system even though our decades of working salary had deductions for OUR social security future? Not our fault that idiots like LBJ decided to create welfare and pull it out of the social security fund!
Trouble with young people, unlike my generation that jumped into the work market as soon as they could, too many today are 30 years old still living with their parents and have not worked any serious full time job, you wonder if they will even qualify for social security! Instead of bitching about Boomers, they should start thinking ahead as to what they need to do to avoid future financial pitfalls, especially with a Congress filled with fools, who are only concerned with staying in power, not the future for retirees....
Posted on 2/20/26 at 12:03 pm to Tiger in Texas
quote:
fund!
There never was a "fund" or a "lockbox." It was empty promises that you should have seen through by the 80s.
Posted on 2/20/26 at 12:07 pm to TIGERHOLD
quote:
Social Security and Medicare need to be eliminated
Not before Obamacare
Posted on 2/20/26 at 12:08 pm to winkchance
quote:
quote:
Eliminate foreign aid and welfare.
This above
O.k.
All foreign aid and all welfare combined (except SS, Medicare/Medicaid, and benefits to veterans) accounts for about 8% of the federal budget.
So then what?
This post was edited on 2/20/26 at 12:23 pm
Posted on 2/20/26 at 12:14 pm to TIGERHOLD
quote:
I am tired of these boomers saying they’re for “small government” when they are deepthroating the Medicare and social security teats. The only way to save the American economy is a wholesale elimination of these programs which do nothing but strangle the economy just so the boomers can get a few more years out. Remember, you boomers had everything handed to you and you pissed it all away in the 60s and 70s with Vietnam protests, drugs, and let’s not forget the 30% abortion rate of the late 70s and early 80s.
I agree with your assertion that self-centered boomers who made up much of that Reagan Democrat turn are a problem with this country's financial stability. They wanted to pay no taxes but get to have all the government benefits. Their control over capital and government has mostly been a shell game to keep the fantasy rolling until they're dead and gone. It is like Saturn eating his children.
However, I think medicare and social security are good things for a functioning first world nation to offer its elderly. It is all fun and games to talk about ending it but it completely tears up the social contract between the state and people in a country that no longer has frontiers of free real estate to offer instead of social welfare. I suspect such a decision would destroy social cohesion and ultimately lead to anarchist and nihilistic movements to destroy society from those in the bottom half that have nothing to look forward to but working until they die from a preventable disease or illness.
Posted on 2/20/26 at 12:17 pm to Tiger in Texas
quote:The issue needing redress is the foundation of the divisive false narratives ... e.g., The "Boomers are awful" premise.
Trouble with young people, unlike my generation that jumped into the work market as soon as they could, too many today are 30 years old still living with their parents and have not worked any serious full time job, you wonder if they will even qualify for social security! Instead of bitching about Boomers ...
In this instance, division is seeded through false assertions holding that "Boomers" are aggregating wealth at the expense of younger Americans. Our collective interest should focus on the motivation for such a narrative.
Over the next 2 decades the US will witness the greatest wealth transfer in the history of the planet. Estimates of that number hover around $124Trillion. Though there is no question the transfer will occur, there is a question as to whom the recipient(s) will be.
Uncle Sam has $40Trillion reasons to ensure he is a primary recipient. To make that happen, Uncle Sam has to dupe younger Americans (the would-be recipients) into the belief the unfair wealth aggregation needs government mandated redistribution.
Posted on 2/20/26 at 12:21 pm to Auburn1968
quote:
Auburn1968
O.k., if you want to include Medicaid as welfare, but that's over $600 billion of the welfare total alone. It's half the total figure you posted.
And Medicaid and Medicare are always listed together when discussing the budget because they are both administered by CMS, who oversees both of them.
Finally, you'd have to explain why Medicaid should count as "welfare" but Medicare shouldn't. One is taxpayer funded health care for people who qualify based on income and the other is taxpayer funded health care for people who qualify based on age or disability.
They were created for the same purpose. That's why they are both administered and overseen by the same agency.
Since people on Medicare are old and have a lifetime of health problems built up with more on the way, many if not most would be uninsurable in the private market.
Yeah, Medicare is funded by a specific tax which makes sense because it's a more universal program, but both are welfare programs designed to provide medical coverage for people who otherwise would be unable to get it, run by the same government agency.
So if you want to separate Medicaid out, o.k., but you need to take Medicare along with it.
Posted on 2/20/26 at 12:35 pm to NC_Tigah
quote:
NC_Tigah
You realize that both the Supreme Court of the US and the SS Administration itself identifies SS as an entitlement, right? It's right on the ss.gov website.
You always go down this "loan" rabbit hole when the subject comes up.
Flemming v Nestor officially says it's not a loan.
The fact that SS intentionally redistributes money rather than paying back exactly proportional to the taxes someone paid in means it's not a loan.
The fact that spouses and disabled people can receive benefits with no history of paying taxes means it's not a loan.
Loans require exact, defined repayments schedules, individualized balances, and someone actually has to receive money (in this case the government) in order to be obligated to pay it back.
SS is not a loan. It's just not.
Posted on 2/20/26 at 12:37 pm to wackatimesthree
quote:Because almost 3% of every paycheck throughout a worker's career aggregate to pay for Part A (Hospital Insurance). Those who didn't contribute, pay up to $505/month. Meanwhile, for Part B (Medical Insurance), monthly premiums run $185-$625.
you'd have to explain why Medicaid should count as "welfare" but Medicare shouldn't.
Medicaid recipients don't pay those premiums.
Posted on 2/20/26 at 12:38 pm to NC_Tigah
quote:
The issue needing redress is the foundation of the divisive false narratives ... e.g., The "Boomers are awful" premise.
In this instance, division is seeded through false assertions holding that "Boomers" are aggregating wealth at the expense of younger Americans. Our collective interest should focus on the motivation for such a narrative.
Over the next 2 decades the US will witness the greatest wealth transfer in the history of the planet. Estimates of that number hover around $124Trillion. Though there is no question the transfer will occur, there is a question as to whom the recipient(s) will be.
Uncle Sam has $40Trillion reasons to ensure he is a primary recipient. To make that happen, Uncle Sam has to dupe younger Americans (the would-be recipients) into the belief the unfair wealth aggregation needs government mandated redistribution.
Most of this wealth transfer is going to end up in private hands like Blackrock and others, not personal private property.
Posted on 2/20/26 at 12:51 pm to wackatimesthree
quote:The right to tariff IAW IEEPA was right there on government websites as well. It means nothing.
You realize that both the Supreme Court of the US and the SS Administration itself identifies SS as an entitlement, right? It's right on the ss.gov website.
There is a reason no change to SS ever negatively impacts retirees or near retirees. It is not federal altruism. It is Constitutionally obligated.
quote:The government has the ability to abrogate an individual's rights. It always has. Criminals lose rights.
Flemming v Nestor
Flemming v Nestor was not a class action. If the same government action was attempted broadly, it would get stomped into a mudhole.
quote:Of course it is. It is a debt obligation. That is a loan.
Loans require exact, defined repayments schedules, individualized balances, and someone actually has to receive money (in this case the government) in order to be obligated to pay it back.
SS is not a loan. It's just not.
Posted on 2/20/26 at 12:53 pm to Diego Ricardo
quote:That would be quite a trick. Care to walk us through those particulars?
Most of this wealth transfer is going to end up in private hands like Blackrock
Posted on 2/20/26 at 1:41 pm to wackatimesthree
Well, my MediCare Part B premiums are $220 per month after paying in thru payroll deductions for 45+ years.
Tell us what the average MedicAid premium is.
There's a significant difference in the programs but your either dumb or obtuse.
Tell us what the average MedicAid premium is.
There's a significant difference in the programs but your either dumb or obtuse.
Posted on 2/20/26 at 2:33 pm to Topcat
quote:
None of us boomers voluntarily paid for Social Security. But Big Brother forced us to do it to make sure our retirement was "secure". Now TIGERHOLD wants to take it away, with no recompense.
You voted for this Ponzi shite show, you should have to eat it.
Posted on 2/20/26 at 2:39 pm to TigerAllNightLong
quote:
You voted for this Ponzi shite show, you should have to eat it.
... and you?
Posted on 2/20/26 at 2:40 pm to TIGERHOLD
quote:
Social Security and Medicare need to be eliminated
Says the person that hasn’t been paying social security and medicare taxes since 1985 and is approaching the age when they take effect.
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