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Posted on 10/4/23 at 7:41 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 so wrong it makes my head hurt, yet people blindly upvote. I'm very curious where these strong isolationist feelings amongst conservatives came from. clearing our position on the geopolitical chessboard seems naive to me.
Nevertheless -SS alone pays out like $1.4T a year. That along with Medicare are far and away our biggest expenses as a nation. yes we need adults in the room to make changes but it's so politically unpalatable to do so. Raise retirement ages, uncap the the limit for earnings, etc. Or just freaking do away with it and let me save for retirement on my own, which would work much better for me.
Posted on 10/4/23 at 7:44 pm to dafif
quote:
I would like to know how much the US has borrowed from Social Security
They didnt borrow, they took it and spent it. Law would not allow for taking the principal, but Kennedy signed off on spending the interest, and LBJ started doing it, and every administration since. Thats why its such a dirty secret, both parties did it knowing full well it would lead to where its at. But hey we didnt know people would grow old.
Then obama took it a step further and added to the permanent disability list hangnails and migranes, and ptsd if you lost your pet.
Any business leader with free rein could cut a trillion in spending with little impact to services of the govt, and leave real beneficiaries of SS alone.
And increase revenue significantly, do away with the income tax and pass a sales tax (therefore capturing taxes on upwards of 50 million illegals and the illegals born here who should never have been given citizenship).
Posted on 10/4/23 at 7:45 pm to Lou Pai
Thought I saw 2024/2026 a few years ago?
Posted on 10/4/23 at 7:47 pm to Lou Pai
EVERYTHING in the government is really insolvent right now, you know?
It’s been that way for awhile.
I don’t like it anymore than I suspect you do, of course.
It’s been that way for awhile.
I don’t like it anymore than I suspect you do, of course.
Posted on 10/4/23 at 7:48 pm to Diamondawg
quote:
Will it matter if the debt is $45T in the 2030s?
We will hit 45 trillion by the end of this decade or sooner if interest rates continue to go up or an economic crash.
The fed might just have to start printing those larger 500 and 1,000 notes again and eliminate change forcing everyone to round up or down to the nearest dollar.
This post was edited on 10/4/23 at 7:53 pm
Posted on 10/4/23 at 7:49 pm to Lou Pai
No it wont
Posted on 10/4/23 at 7:55 pm to Tarps99
quote:I guess that's my point. I think we are already over the cliff with no soft landing in sight.
We will hit 45 trillion by the end of this decade or sooner if interest rates continue to go up or an economic crash.
The fed might just have to start printing those larger 500 and 1,000 notes again and eliminate change forcing everyone to round up or down to the nearest dollar.
Posted on 10/4/23 at 7:55 pm to Lou Pai
Ukraine will be good though
Posted on 10/4/23 at 8:01 pm to Rex Feral
quote:
They’ll raise retirement age to 75.
No, they'll just print more money.
When Dick Cheney said "Deficits don't matter", we had no idea just how deep that idea had sunk into DC.
Posted on 10/4/23 at 8:05 pm to Lou Pai
My healthcare plan completely fixes Medicare. Gives us a lot of breathing room on SS as a result.
Posted on 10/4/23 at 8:07 pm to Lou Pai
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'm ok with your proposal, just give me a lump sum payout of the taxes myself and my employers have paid over the past 45 years with an annual return/growth of 5%. Deal?
Posted on 10/4/23 at 8:10 pm to Lou Pai
quote:
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.
Thats war. Literally war. Bullets flying war. Not that i condone that…
Posted on 10/4/23 at 8:10 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
Absolutely this. Hey OP - after you’re done eating a bag of dicks, what’s your answer to this?
Posted on 10/4/23 at 8:13 pm to Giantkiller
quote:
Absolutely this. Hey OP - after you’re done eating a bag of dicks, what’s your answer to this?
He answered and it looks like his answer was basic math and a quick Google search
You fricking simpleton.
quote:
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 8:23 pm to Lou Pai
But I’ve been paying in for 40 years and haven’t received one dime.
Posted on 10/4/23 at 8:46 pm to Rex Feral
They can also start taxing ALL of individual income, not just the first $150k or so that they do now, without raising the max benefit above the $3k a month or so it is now.
I'm not necessarily saying that's fair, but I bet it would go a long way toward making up any shortages.
I'm not necessarily saying that's fair, but I bet it would go a long way toward making up any shortages.
Posted on 10/4/23 at 8:52 pm to Lou Pai
How much with interest does the government owe social security?
Posted on 10/4/23 at 9:26 pm to Lou Pai
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.
We are 33T in debt. The fiscal catastrophe is already here.
Cutting Social Security and/or Medicare is a ridiculous concept without it being in the context of a balanced budget.
The GOPe just structured an ADDITIONAL 7T in spending through 2024.
This post was edited on 10/4/23 at 9:32 pm
Posted on 10/4/23 at 9:27 pm to Azkiger
quote:I'm old. I once saw Y2K. Later they moved it to 2010, then I saw 2020. Now 2030.
Thought I saw 2024/2026 a few years ago?
I think it hasn't been "solvent" since they started using (stealing) it.
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