im glad i never paid into that....civil service retirement is much greater than SS....Column: GOP slips an attack on Social Security into its coronavirus relief bill
Social Security advocates are universally opposed to the measure, which they see as an expression of longtime conservative hostility to the program.www.yahoo.com
Social Security advocates who breathed a sigh of relief when Senate Republicans rejected President Trump's demand to place a payroll cut in the latest coronavirus relief bill exhaled too soon.
The version unveiled Monday by Senate Majority Leader Mitch McConnell (R-Ky.) incorporates a provision even more menacing for Social Security (and Medicare too).
This is the so-called TRUST Act, which was crafted by Sen. Mitt Romney (R-Utah) and has been bubbling along in Capitol Hill corridors since last year.
The TRUST Act is a device to tamper with Social Security behind closed doors and in a way that would allow senators and members of Congress to wreak havoc on the program without leaving fingerprints.
The TRUST Act is now a provision of the HEALS Act — the Senate GOP's opening bid on coronavirus relief. So it's timely to give it a close look.
Once again efforts to support Big Business at the expense of working men and women is afoot. This bill is an effort to the special interests - Corporations [who are not people] and industries which lobby the GOP for more and more profits lining the pockets of GOP Pols who are supporting Republican Pols in elections.
The Left is completely opposed to this effort by Plutocrats, a devious and cunning effort to take more and more for themselves, greed which has been exposed in the so called Tax Reform Bill by Ryan and signed by Trump, attacks on labor unions and efforts to repeal and replace the ACA with a for profit cartel.
A lot of conjecture in that article with little substance to back up any panic.
The crisis is largely imaginary, for the Social Security trust fund, by far the biggest of the reserves with $2.9 trillion today, is not in danger of exhaustion for at least 15 years
I suppose to a greedy Baby Boomer the crisis is largely imaginary because many of you will thankfully be dead in 15 years, but since I'll still only be 52 and not yet ready to collect, it's sure not an imaginary crisis to my generation.
For the record: I'm not fear mongering, I've posted a link which shows a covert effort to cut payroll taxes. The intended consequence is dishonest, using bait, a few dollars today, for those who need Social Security Income, and affordable health care with no limits and other benefits required in Obamacare. And of course Corporations and private businesses will be able to increase their profits.
Yep, I'm a baby boomer, and I've been collecting $900 dollars every month for 10 years. Money I really don't need since I have Safety Retirement which includes lifetime healthcare and Dental Care. I won't provide my annual income from safety retirement but my retirement is double that of the median household in California.
So what do I do with the $900? I opened 529 accounts for my grandsons and have that money put in their managed accounts for their future education each month.