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Started By
Message
Social Security and Medicare will be Insolvent in the 2030s
Posted on 10/4/23 at 7:09 pm
Posted on 10/4/23 at 7:09 pm
We are barreling headfirst over a cliff and it seems like no one cares about advocating for solutions like gradually raising the retirement age, etc. Instead, we are likely to either face a fiscal catastrophe or raise taxes to a massive extent to keep the lights on, thus significantly reducing our economy's ability to grow. It's sad to see a majority of the country, and many in the populist wing of the Republican base (Republicans in Name Only), don't seem to care.
This is why Matt Gaetz's fake fiscal conservativism rings hollow and I can't take him seriously. He is an acolyte of a presidential candidate in Trump who vehemently opposes doing a single thing to stop this from happening, and actually attacks more conservative candidates on the basis that they want to address this issue.
There are some like GumboBot on here who claim we can simply print money to inflate our way out of this. I disagree. Actually that concept doesn't make one fricking bit of sense at all when you factor in Cost of Living adjustments. It's also an irredeemably anti-conservative point of view.
At any rate, this is the reality of the situation, and every sane conservative should be in agreement on the issue. Gaetz's circus on this is just a shiny object to distract from the reality the country faces. He isn't a real conservative, he's just trying to make himself famous.
42
Posted on 10/4/23 at 7:12 pm to Lou Pai
They’ll raise retirement age to 75.
Posted on 10/4/23 at 7:13 pm to Lou Pai
quote:
Social Security and Medicare will be Insolvent in the 2030s
both would be fully funded for the next 50 years if they just shift that ukraine money to the SS account to pay for it
Posted on 10/4/23 at 7:15 pm to Lou Pai
Honestly, just give me the money I’ve given to social security now. No chance I ever see it down the road.
Posted on 10/4/23 at 7:15 pm to Lou Pai
Close all overseas military bases and furlough 60% of personnel. The problem solves itself.
Posted on 10/4/23 at 7:17 pm to Rex Feral
quote:
They’ll raise retirement age to 75.
all the old people will go J6, scary
Posted on 10/4/23 at 7:17 pm to Lou Pai
Pretty sure it already is insolvent and it will continue because the govt can’t take away what it’s already hooked people on.
I don’t think it’s that people don’t care it’s just not our jobs and why should the peasants care when we’re not the ones burning thru OUR money?
You don’t like Matt because of what is Bolded
You could have had a solid thread if you left the last two paragraphs out ruining your main argument.
Once again you are blaming one rep for problems when it’s tens of thousands of government employees and decades of frick ups.
quote:
We are barreling headfirst over a cliff and it seems like no one cares about advocating for solutions like gradually raising the retirement age, etc. Instead, we are likely to either face a fiscal catastrophe or raise taxes to a massive extent to keep the lights on, thus significantly reducing our economy's ability to grow. It's sad to see a majority of the country, and many in the populist wing of the Republican base (Republicans in Name Only), don't seem to care.
I don’t think it’s that people don’t care it’s just not our jobs and why should the peasants care when we’re not the ones burning thru OUR money?
quote:
This is why Matt Gaetz's fake fiscal conservativism rings hollow and I can't take him seriously. He is an acolyte of a presidential candidate in Trump who vehemently opposes doing a single thing to stop this from happening, and actually attacks more conservative candidates on the basis that they want to address this issue.
You don’t like Matt because of what is Bolded
quote:
There are some like GumboBot on here who claim we can simply print money to inflate our way out of this. I disagree. Actually that concept doesn't make one fricking bit of sense at all when you factor in Cost of Living adjustments. It's also an irredeemably anti-conservative point of view.
You could have had a solid thread if you left the last two paragraphs out ruining your main argument.
quote:
At any rate, this is the reality of the situation, and every sane conservative should be in agreement on the issue. Gaetz's circus on this is just a shiny object to distract from the reality the country faces. He isn't a real conservative, he's just trying to make himself famous.
Once again you are blaming one rep for problems when it’s tens of thousands of government employees and decades of frick ups.
Posted on 10/4/23 at 7:20 pm to Lou Pai
quote:
advocating for solutions lik
How about the government keep their hands off retirement plans. This includes 401K's they keep eyeing.
Posted on 10/4/23 at 7:23 pm to Lou Pai
I encourage all commies and marxists to get all the jabs and boosters
Posted on 10/4/23 at 7:23 pm to keakar
quote:
both would be fully funded for the next 50 years if they just shift that ukraine money to the SS account to pay for it
This is fabricated bullshite but I guess it's not shocking there are other retards on this site that would upvote this fake statement.
Since the Ukraine War started, the U.S. has appropriated about $113B to it.
We spent just under $2 trillion annually on SS and Medicare in 2022, and CBO expects that to double in 10 years.
But check out that shiny object over there! Look at what Gaetz is doing!
Posted on 10/4/23 at 7:23 pm to Chrome
The govt itself has been insolvent for decades, hmmmmm didnt think about that did you.
Posted on 10/4/23 at 7:24 pm to Rex Feral
quote:I believe what is more likely is that social security taxes will start being collected on "unearned income" such as capital gains, lease and rental income, interest and dividends just like they are on "earned income", i.e., salaries and wages.
They’ll raise retirement age to 75.
This post was edited on 10/4/23 at 7:30 pm
Posted on 10/4/23 at 7:29 pm to LSURussian
They are not getting rid of Social Security or Medicare
I would like to know how much the US has borrowed from Social Security
I would like to know how much the US has borrowed from Social Security
Posted on 10/4/23 at 7:29 pm to momentoftruth87
quote:
I don’t think it’s that people don’t care it’s just not our jobs and why should the peasants care when we’re not the ones burning thru OUR money?
What do you think the point of representative government is? Vote the shitstains out who don't want to do anything about it and let our kids' generation get completely fricked.
quote:
You don’t like Matt because of what is Bolded
I don't like him primarily because he's a Chad and a grifter. But you are right, I also don't like him because he preaches the virtues of fiscal conservatism when he is a slave to the one GOP candidate who mirrors Bernie Sanders on the issue.
This post was edited on 10/4/23 at 7:33 pm
Posted on 10/4/23 at 7:31 pm to Lou Pai
quote:Will it matter if the debt is $45T in the 2030s?
Social Security and Medicare will be Insolvent in the 2030s
Posted on 10/4/23 at 7:32 pm to Chrome
quote:
How about the government keep their hands off retirement plans. This includes 401K's they keep eyeing.
Do you think I want them to go after 401ks?
I am practically resigned to them raiding mine one day to fund those who didn't save. That's an entirely different discussion from gradually raising the retirement age.
Posted on 10/4/23 at 7:32 pm to Lou Pai
quote:
Social Security and Medicare will be Insolvent in the 2030s
Our nation has been insolvent for years already...
Posted on 10/4/23 at 7:34 pm to Lou Pai
quote:
At any rate, this is the reality of the situation, and every sane conservative should be in agreement on the issue. Gaetz's circus on this is just a shiny object to distract from the reality the country faces. He isn't a real conservative, he's just trying to make himself famous.
It’s just money. Can’t we just print more?
Posted on 10/4/23 at 7:34 pm to LSURussian
quote:
I believe what is more likely is that social security taxes will start being collected on "unearned income" such as capital gains, lease and rental income, interest and dividends just like they are on "earned income", i.e., salaries and wages.
The Democrats want to remove the cap. I believe it is around 160K now.
They also want a net worth limit. So, for instance, if you have a net worth of $5 million or more at retirement you would not be able to draw SS.
Posted on 10/4/23 at 7:35 pm to Lou Pai
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