Cuts to SS and Medicare

[Markle]

Republicans Are, And Have Been, Attacking Social Security

If you increase the taxable income, you MUST also increase the max Social Security payout. That would mean that Social Security expenses would dramatically increase, with the increased revenue. Technically this not true. The earning cap and the maximum benefit are two different things...

www.usmessageboard.com

WW

Glad to see you acknowledge that the Republicans are the adults in the room looking for a solution and Democrats are the kiddies pretending the real world doesn't exist. How wonderful!

How would you differentiate between Social Security and a Ponzi Scheme?

A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Admitted that there is a slight difference.kk In a "Ponzi Scheme' investors are "LURED" into the scheme but with Social Security they are FORCED into the scheme.

 

[Nostra]

I know I used a few three syllable words and you got confused.

Idiot dodge confirmed.

Thanks, idiot.

 

[Dagosa]

Idiot dodge confirmed.

Thanks, idiot.

You think the election was stolen and didn’t believe in agw.
You‘re a confirmed Humper. That’s pretty much a sign you can’t be trusted on anything. Any time a MAGAot is irritated, is a good day.

 

[Dagosa]

FACTS
Check what the Trustees of Social Security say :
Social Security and Medicare both face Social Security and Medicare both face long-term financing shortfalls under currently scheduled benefits and financing.
Costs of both programs will grow faster than gross domestic product (GDP) through the mid-2030s primarily due to the rapid aging of the U.S. population.
Medicare costs will continue to grow faster than GDP through the late 2070s due to projected increases in the volume and intensity of services provided.
Costs of both programs will grow faster than gross domestic product (GDP) through the mid-2030s primarily due to the rapid aging of the U.S. population. Medicare costs will continue to grow faster than GDP through the late 2070s due to projected increases in the volume and intensity of services provided.

The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year.
At that time, the fund's reserves will become depleted and continuing tax income will be sufficient to pay 77 percent of scheduled benefits.

The Hospital Insurance (HI) Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028, two years later than reported last year.
At that time, the fund's reserves will become depleted and continuing total program income will be sufficient to pay 90 percent of total scheduled benefits

Trustees Report Summary

A SUMMARY OF THE 2023 ANNUAL REPORTS

www.ssa.gov

Now unlike your pompous and totally ignorant comments.. these come from the SS Trustees who are telling us SS by 2034 will BE REDUCED!
Dummy... it won't be GOP terminating SS/Medicare... it will be reality!

Any one who tries to terminate Medicare and /or SS or begins cutting benefits while sitting on 2.9 trillion of their assets, will lose every election they run. The hypocritical MAGA Humpers who still collect SS and are on Medicare will see to that. Are you probably one of those hypocrites.

Its hilarious. Deniers are depending upon blue states donations before they retire and blue state support of Medicare and SS after you do. They are the most ignorant group of bozos that have ever crawled the earth.

 

[Dagosa]

FACTS
Check what the Trustees of Social Security say :
Social Security and Medicare both face Social Security and Medicare both face long-term financing shortfalls under currently scheduled benefits and financing.
Costs of both programs will grow faster than gross domestic product (GDP) through the mid-2030s primarily due to the rapid aging of the U.S. population.
Medicare costs will continue to grow faster than GDP through the late 2070s due to projected increases in the volume and intensity of services provided.
Costs of both programs will grow faster than gross domestic product (GDP) through the mid-2030s primarily due to the rapid aging of the U.S. population. Medicare costs will continue to grow faster than GDP through the late 2070s due to projected increases in the volume and intensity of services provided.

The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year.
At that time, the fund's reserves will become depleted and continuing tax income will be sufficient to pay 77 percent of scheduled benefits.

The Hospital Insurance (HI) Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028, two years later than reported last year.
At that time, the fund's reserves will become depleted and continuing total program income will be sufficient to pay 90 percent of total scheduled benefits

Trustees Report Summary

A SUMMARY OF THE 2023 ANNUAL REPORTS

www.ssa.gov

Now unlike your pompous and totally ignorant comments.. these come from the SS Trustees who are telling us SS by 2034 will BE REDUCED!
Dummy... it won't be GOP terminating SS/Medicare... it will be reality!

While you weren’t looking the IRS already made adjustments to keep funding both programs at the cost of the USERS already. Why are you so concerned ? You want shit for nothing ? Typical.

 

[Markle]

Any one who tries to terminate Medicare and /or SS or begins cutting benefits while sitting on 2.9 trillion of their assets, will lose every election they run. The hypocritical MAGA Humpers who still collect SS and are on Medicare will see to that. You’re probably one of those hypocrites.

How does this equate to $2.9 trillion in assets between Social Security and Medicare?

 

[Dagosa]

How does this equate to $2.9 trillion in assets between Social Security and Medicare?

It’s 2.9 trillion from SS alone. It’s part of our debt. Making anyone but the general fund pay for it with tax payer money is THEFT. Maybe you don’t know what treasury notes are and where the funds go.

 

[healthmyths]

While you weren’t looking the IRS already made adjustments to keep funding both programs at the cost of the USERS already. Why are you so concerned ? You want shit for nothing ? Typical.

Who are YOU... a SS Trustee?
Prove it.

FROM the Trustees Report Summary
Based on our best estimates, the 2022 reports determine:

• The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year. At that time, the fund's reserves will become depleted and continuing tax income will be sufficient to pay 77 percent of scheduled benefits.

• The Disability Insurance (DI) Trust Fund, which pays disability benefits, is no longer projected to be depleted within the 75-year projection period. By comparison, last year's report projected that it would be able to pay scheduled benefits only until 2057.

• The OASI and DI funds are separate entities under law. The report also presents information that combines the reserves of these two funds in order to illustrate the actuarial status of the Social Security program as a whole. The hypothetical combined OASI and DI funds would be able to pay scheduled benefits on a timely basis until 2035, one year later than reported last year. At that time, the combined funds' reserves will become depleted and continuing tax income will be sufficient to pay 80 percent of scheduled benefits.

• The Hospital Insurance (HI) Trust Fund, or Medicare Part A, which helps pay for services such as inpatient hospital care, will be able to pay scheduled benefits until 2028, two years later than reported last year. At that time, the fund's reserves will become depleted and continuing total program income will be sufficient to pay 90 percent of total scheduled benefits.

 

[Hutch Starskey]

View attachment 761056
I understand that. What makes you think I didn't.

And I specifically sited "Total Wages" as part of the comparison.

It doesn't change the fact that poor and less higher income persons pay a larger percentage of their income to SS tax than to high wage earners earning over the cap.

The fact that high wage earners wages are capped is - well - kind a that point isn't it?

WW

Not true. Everyone pays the same percentage of their expected benefit.

Wages are capped because the benefit is capped.

Curious that you find injustice when you believe that average wage earners pay more for their benefit but none at all in wanting higher earners pay considerably more.

 

[Nostra]

You think the election was stolen and didn’t believe in agw.
You‘re a confirmed Humper. That’s pretty much a sign you can’t be trusted on anything. Any time a MAGAot is irritated, is a good day.

I said the election was stolen?

Quote a post by me saying that, or admit you are a lying sack of shit Dagosa

Oh, and you are still dodging, Simp.

 

[Markle]

It’s 2.9 trillion from SS alone. It’s part of our debt. Making anyone but the general fund pay for it with tax payer money is THEFT. Maybe you don’t know what treasury notes are and where the funds go.

What do you think should be done with the $2.9 trillion? Put it in shoe boxes and store it in a vault somewhere?

 

[WorldWatcher]

Not true. Everyone pays the same percentage of their expected benefit.

Wages are capped because the benefit is capped.

Curious that you find injustice when you believe that average wage earners pay more for their benefit but none at all in wanting higher earners pay considerably more.

#1 See, here you change the goalposts. My calculations are based on total wages, not wages that apply to SS.

#2 OK, what is your solution to solve the projections that the SS Trust Fund will be depleted by 2035 and at that point seniors will receive a 20-23% reduction in checks because incoming revenue will be the sole source of payments. What is your solution that is (a) politically doable and (b) doesn't cut benefits.

WW

 

[Hutch Starskey]

#1 See, here you change the goalposts. My calculations are based on total wages, not wages that apply to SS.

#2 OK, what is your solution to solve the projections that the SS Trust Fund will be depleted by 2035 and at that point seniors will receive a 20-23% reduction in checks because incoming revenue will be the sole source of payments. What is your solution that is (a) politically doable and (b) doesn't cut benefits.

WW

I’ve changed nothing.
That’s where your logic fails. SS benefits aren’t based on your calculations.

SS benefits are based on individual contributions over one’s working lifetime.
It’s not based on need.

IMO everyone participating should bear the costs and or cuts equally just as it has always operated.
No one demographic should be responsible for the fix.

 

[WorldWatcher]

I’ve changed nothing.
That’s where your logic fails. SS benefits aren’t based on your calculations.

SS benefits are based on individual contributions over one’s working lifetime.
It’s not based on need.

IMO everyone participating should bear the costs and or cuts equally just as it has always operated.
No one demographic should be responsible for the fix.

#1 I never made a claim that SS benefits were based on anything other than FICA eligible taxes (i.e. contributions).

#2 OK, what is your solution to solve the projections that the SS Trust Fund will be depleted by 2035 and at that point seniors will receive a 20-23% reduction in checks because incoming revenue will be the sole source of payments. What is your solution that is (a) politically doable and (b) doesn't cut benefits.

WW

 

[Dagosa]

I said the election was stolen?

Quote a post by me saying that, or admit you are a lying sack of shit Dagosa

Oh, and you are still dodging, Simp.

Hypocrite. Of course you’re an election/ AGW denier.

 

[Dagosa]

IMO everyone participating should bear the costs and or cuts equally just as it has always operated.
No one demographic should be responsible for the fix.

Except, that it’s the workers now who are funding the retirement of those who came before. It’s pretty silly not having immigration reform when there are millions we should be collecting payroll taxes from that we aren’t.

 

[Dagosa]

What do you think should be done with the $2.9 trillion? Put it in shoe boxes and store it in a vault somewhere?

We’ve already spent it. That’s what debt is. There is no money to put in a shoe box. We are still spending the money in the surplus of these trust funds. It’s simple. Refund the monies back to the taxpayer at the end of each fiscal year. Otherwise, the federal income tax payer needs to pony up.

 

[Dagosa]

What do you think should be done with the $2.9 trillion? Put it in shoe boxes and store it in a vault somewhere?

Newsmax ? Ha ha the conservative bullshit thrower is your reference. They push all the shit you support from election denial to AGW denial.

 

[Markle]

We’ve already spent it. That’s what debt is. There is no money to put in a shoe box. We are still spending the money in the surplus of these trust funds. It’s simple. Refund the monies back to the taxpayer at the end of each fiscal year. Otherwise, the federal income tax payer needs to pony up.

Yeah, that's what happens when you (in this case the government) buy bonds.

Do you know what are unfunded liabilities? That might explain a LOT!

 

[Markle]

We’ve already spent it. That’s what debt is. There is no money to put in a shoe box. We are still spending the money in the surplus of these trust funds. It’s simple. Refund the monies back to the taxpayer at the end of each fiscal year. Otherwise, the federal income tax payer needs to pony up.