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Started By
Message
re: Trump: ‘We’re Not Touching’ Social Security in Proposed Cuts to Government Spending
Posted on 12/9/24 at 1:35 pm to Major Dutch Schaefer
Posted on 12/9/24 at 1:35 pm to Major Dutch Schaefer
Who cares? Only matters what actions are taken.
We have already learned not to pay attention to what the media says or what Trump says…
We have already learned not to pay attention to what the media says or what Trump says…
0
Posted on 12/9/24 at 1:40 pm to GumboPot
quote:
SS shouldn't be touched. Pay roll taxes shouldn't go to anything except SS
Give me back what I've paid into it and I'll turn it into more, in the 17 years I have left before I'm eligible, than I'll get from the gubmint.
Posted on 12/9/24 at 1:40 pm to Pfft
quote:
As a person approaching 61 and working and putting money into it since I was 17 years old, I say frick you.
I want my muther fricking money.
Amen, brother.
I logged on to my SS account the other day to see the total amount that I've paid in and calculate what I reasonably expect to get out. I started paying in when I was 16. While I've done better with my 401K, that SS benefit is already purchased.
Posted on 12/9/24 at 1:50 pm to Ag Zwin
quote:
As a 57 year old approaching those years I say: Raise it.
i agree, but best way to politically handle it is to heavily incentivise waiting longer to claim it.....IE a backdoor raising of the age...
Say you wait till 67/ or 68 and you dont pay taxes on it.....
Posted on 12/9/24 at 1:52 pm to Major Dutch Schaefer
quote:
Trump: ‘We’re Not Touching’ Social Security in Proposed Cuts to Government Spending
Everything else is success theater.
This post was edited on 12/9/24 at 1:53 pm
Posted on 12/9/24 at 1:54 pm to Pfft
62 in Feb., applied today.
An fyi to others approaching:
Make sure you have a certified copy of your birth certificate as you will need it when called in to your local office to verify.
An fyi to others approaching:
Make sure you have a certified copy of your birth certificate as you will need it when called in to your local office to verify.
Posted on 12/9/24 at 1:55 pm to GumboPot
quote:So you’d end Medicare? Bold strategy Cotten!
SS shouldn't be touched. Pay roll taxes shouldn't go to anything except SS.
Posted on 12/9/24 at 1:58 pm to Pfft
quote:Ir stopped being “your money” when the government took it. And the ROR would be considered negligent if the government were a CFP. It sucks. But people asked the to be dependent on the government. And this was the inevitable result.
I was forced to pay into this system, I expect full repayment of my money , with interest.
Posted on 12/9/24 at 1:58 pm to Ag Zwin
quote:
As a 57 year old approaching those years I say: Raise it.
And means test.
Posted on 12/9/24 at 2:01 pm to GumboPot
quote:Is that all payroll tax? A big chunk goes to medicare and some to UE “insurance”. Even if that’s just SS, you need to do an NPV on the future payouts. Cash basis accounting won’t work here
I just looked up 2022 numbers.
Pay roll tax revenue was 1.7 Trillion dollars.
Social security outlays were 1.2 Trillion dollars.
SS is more than self sustaining.
Posted on 12/9/24 at 2:02 pm to Taxing Authority
Yup, I don't know which one is worse, big government or big business bribing big government to frick over the majority of the people.
Posted on 12/9/24 at 2:04 pm to Major Dutch Schaefer
Just go with Milton Friedman's plan he created for Chile. You can leave your fund with the government plan or move it to a number of stock market that are regulated. Worked very well with much better returns.
The main complaint came from people who worked off the books and didn't pay in.
The main complaint came from people who worked off the books and didn't pay in.
Posted on 12/9/24 at 2:11 pm to Pfft
The headline might as well be "Trump: We're Not Interested in Balancing the Budget and Lowering the Federal Debt"
The only way to get the budget under control and lower the debt is to make cuts to Social Security, Medicare/Medicaid, and Defense spending. Any unwillingness to seriously look at cuts/reforms in these areas is just kicking the can down the road.
You can't make enough cuts to the rest of government to have any effect. Making fed workers the boogey man is just throwing red meat to the base. He's not really serious about getting the budget under control.
The only way to get the budget under control and lower the debt is to make cuts to Social Security, Medicare/Medicaid, and Defense spending. Any unwillingness to seriously look at cuts/reforms in these areas is just kicking the can down the road.
You can't make enough cuts to the rest of government to have any effect. Making fed workers the boogey man is just throwing red meat to the base. He's not really serious about getting the budget under control.
Posted on 12/9/24 at 2:14 pm to Hognutz
Great day for you!
I did the math of starting at 62 or waiting until later. Total dollars for waiting does not catch up until you are almost 80 years old.
Will probably start at 63 or 64
I did the math of starting at 62 or waiting until later. Total dollars for waiting does not catch up until you are almost 80 years old.
Will probably start at 63 or 64
Posted on 12/9/24 at 2:17 pm to Major Dutch Schaefer
quote:
We’re Not Touching’ Social Security
Boooooooo
Slash and burn the Ponzi scheme yesterday.
Posted on 12/9/24 at 2:19 pm to Pfft
quote:
Great day for you!
I did the math of starting at 62 or waiting until later. Total dollars for waiting does not catch up until you are almost 80 years old.
Will probably start at 63 or 64
If you still earn money and you take it early, they take it back if you make more than squat.
Posted on 12/9/24 at 2:19 pm to Major Dutch Schaefer
quote:
Welker said, “You won’t touch Medicare, Social Security?”
Trump said, “We are talking about Theft, abuse, fraud. I said, no, we’re not talking Social Security, other than we make it more efficient, but the people will get what they getting.”
Welker said, “So entitlements, off the table.”
Trump said, “And we’re not raising ages or any of that stuff.”
Intentional omission?
Posted on 12/9/24 at 2:22 pm to Ag Zwin
quote:
As a 57 year old approaching those years I say: Raise it
Not sustainable at present. More going out than coming in. They should raise to 70.
Need to cut Defense spending as well.
Posted on 12/9/24 at 2:44 pm to Taxing Authority
TDS is getting stronger with you
Posted on 12/9/24 at 3:22 pm to Sweep Da Leg
quote:Huh? How does knowing the relative amounts of what makes up the budget = “TDS”? They could cut non DOD discretionary spending to $0 and only just barely balance the budget.
TDS is getting stronger with you
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