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Started By
Message
Social Security COLA increases 8.7%. Time to end the SS scam.
Posted on 10/13/22 at 2:17 pm
Posted on 10/13/22 at 2:17 pm
CNBC COLA up 8.7%
When can we end this FDR boondoggle, that is sucking up about a 1/3 of our budget. Pay out everyone who needs to be paid out, and end this thing. This is the number one cause for the inflation, modern monetary money printing, and even for our foreign wars. I'm sympathetic to the people that counted on this money, and believe everyone just needs to get paid out and end this thing.
It will never happen until it crashes on itself. Which hopefully happens sooner than later.
When can we end this FDR boondoggle, that is sucking up about a 1/3 of our budget. Pay out everyone who needs to be paid out, and end this thing. This is the number one cause for the inflation, modern monetary money printing, and even for our foreign wars. I'm sympathetic to the people that counted on this money, and believe everyone just needs to get paid out and end this thing.
It will never happen until it crashes on itself. Which hopefully happens sooner than later.
This post was edited on 10/13/22 at 2:24 pm
30
Posted on 10/13/22 at 2:17 pm to burger bearcat
I want social security
Posted on 10/13/22 at 2:20 pm to burger bearcat
We should be allowed to flay Al Gore on live television for his preponderance of lies about the "social security lockbox".
You know what's in the "lockbox" in West Virginia? A metric frickton of IOUs, and the money that was once there was used to pay for sea turtle tunnels under Florida highways and bridges to nowhere.
You know what's in the "lockbox" in West Virginia? A metric frickton of IOUs, and the money that was once there was used to pay for sea turtle tunnels under Florida highways and bridges to nowhere.
Posted on 10/13/22 at 2:20 pm to burger bearcat
I paid in and I want paid.
Sending billions to Ukraine is worse than Social Security
Sending billions to Ukraine is worse than Social Security
Posted on 10/13/22 at 2:22 pm to lsutigerelizabeth
quote:
I want social security
I’m planning on it not being available to me by the time I age into benefits.
Posted on 10/13/22 at 2:23 pm to ArHog
If the money was properly managed and handled I'd have no problem with it.
The problem is out overlords saw all that cash laying around and said, ooooh free money that we can use. Had they left the money in the box drawing some type of return on it there is no telling what the balance would be.
Alas, your government screwed you.
The problem is out overlords saw all that cash laying around and said, ooooh free money that we can use. Had they left the money in the box drawing some type of return on it there is no telling what the balance would be.
Alas, your government screwed you.
Posted on 10/13/22 at 2:24 pm to burger bearcat
This is not long after SNAP benefits increased as well... LINK
Posted on 10/13/22 at 2:24 pm to burger bearcat
I would forgo what I paid in if it meant I can cease having to further be taxed for it.
Posted on 10/13/22 at 2:24 pm to beebefootballfan
quote:
Alas, your government screwed you.
And their overarching point is that they could manage your money better than you could, had you invested that money in a retirement account.
In reality, next month's SS payments are merely coming from this month's FICA withholdings.
Posted on 10/13/22 at 2:26 pm to lsutigerelizabeth
quote:
I want social security
Fine. Just please don't go around batching about inflation or taxes.
Posted on 10/13/22 at 2:28 pm to burger bearcat
I would prefer to leave something that is paid into by the recipient.
How about we end welfare instead?
That is the largest expense in the government. By far.
The leaches can get a damn job or starve.
How about we end welfare instead?
That is the largest expense in the government. By far.
The leaches can get a damn job or starve.
Posted on 10/13/22 at 2:29 pm to burger bearcat
I say put the six trillion robbed from Social Security to offset your income tax bill to artificially low rates back in and then pay it out.
The only boondoggles are welfare, food stamps, rental subsidies, wick and foreign aide. All are more disruptive than SS which is funded then stripped for the general fund.
Six trillion charged to you and then raise your rates to cover the stolen monies that were paid into SS.
The only boondoggles are welfare, food stamps, rental subsidies, wick and foreign aide. All are more disruptive than SS which is funded then stripped for the general fund.
Six trillion charged to you and then raise your rates to cover the stolen monies that were paid into SS.
Posted on 10/13/22 at 2:31 pm to burger bearcat
They need to pick an arbitrary date and say basically that anyone born before that date is fricked. This was never the role of gov’t. They literally suck at everything they do. Push this back to the free market and the individual. Too stupid, inept, or unable to retire? Well, you better have a social network to support you like family or church. Social Security is just another thing eroding the family and church in this country.
Posted on 10/13/22 at 2:32 pm to burger bearcat
quote:
Pay out everyone who needs to be paid out
who the frick gets to decide this? i sure as hell hope not the democrats because if that is the case all the ones who paid in wont get shite and all the ones that didnt will.....frick that.
Posted on 10/13/22 at 2:33 pm to burger bearcat
quote:
Social Security COLA increases 8.7%. Time to end the SS scam.
Giving money to foreign countries is far worse than giving a COLA increase to people who had money stolen from their paychecks.
Posted on 10/13/22 at 2:33 pm to burger bearcat
Let's see...8.7% increase.....it looks like after all the inflation over the past two years is factored in Social Security recipients have only lost 15-20% of their monthly benefit to inflation rather than +25%.
Posted on 10/13/22 at 2:36 pm to burger bearcat
I’m down with that. My old company ended pensions and I got a nice payout.
They could even offer a new IRA that people could roll into.
Some people get screwed but Americans win in the long run.
I am putting 0% faith that it will be available to me at this rate.
They could even offer a new IRA that people could roll into.
Some people get screwed but Americans win in the long run.
I am putting 0% faith that it will be available to me at this rate.
Posted on 10/13/22 at 2:38 pm to burger bearcat
When social security was first passed they had actuary charts (even though current politicians pretend they didnt). They knew what had to be paid in, by whom, who would benefit when, the entire framework. It should not have required congress to do anything, it was a self replenishing fund.
By the time more people were drawing out than putting in, it would not matter because such a mountain of principal and interest would have been built up....but then....
Under JFK a "resolution" was passed whereby congress could take the interest, not the principal because that would require a visible law to be passed, but the interest thats free game. They actually started tapping it under LBJ and have been ever since, dems and repubs, so no one wants to admit this is the real issue, nah just more people retiring now.
Then under obama they relaxed disability so a slight headache can now tap into it as well and the floodgates were opened.
And its not an entitlement program, many on this board have been paying it for decades, its their money, and last time I looked we didnt put it in a Lebanon bank
By the time more people were drawing out than putting in, it would not matter because such a mountain of principal and interest would have been built up....but then....
Under JFK a "resolution" was passed whereby congress could take the interest, not the principal because that would require a visible law to be passed, but the interest thats free game. They actually started tapping it under LBJ and have been ever since, dems and repubs, so no one wants to admit this is the real issue, nah just more people retiring now.
Then under obama they relaxed disability so a slight headache can now tap into it as well and the floodgates were opened.
And its not an entitlement program, many on this board have been paying it for decades, its their money, and last time I looked we didnt put it in a Lebanon bank
Posted on 10/13/22 at 2:39 pm to burger bearcat
Fun fact:
The first president to use SS for anything other than its intended purpose was progressive hero LBJ.
He used it to pay fir the Vietnam War.
The first president to use SS for anything other than its intended purpose was progressive hero LBJ.
He used it to pay fir the Vietnam War.
Posted on 10/13/22 at 2:40 pm to burger bearcat
Borrow the trillions or whatever and pay people out and end it now.
Government ought not be in the retirement business.
Government ought not be in the retirement business.
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