Finally, A President Willing To Cut Off Boomers' Social Security And Medicare Charity

[mamooth]

The Dems are already highlighting Trump's plan in Florida. It should make for a bigger Biden win there.

Deferring payroll taxes is a moron idea, of course.

First, the problem isn't that payroll taxes are hurting anyone. The problem is that people don't have jobs. People without jobs don't pay payroll taxes anyways, so deferring payroll taxes accomplishes nothing.

And second, it's a deferall. Meaning a big lump sum will be due next year. I suppose it's a way of sabotaging the incoming Biden admin.

 

[EvilCat Breath]

Communist democrats drag out this same tired argument every presidential election.

 

[Doc7505]

will trump defund soc sec ? if yes, what will happen to my retirement soc sec check ?

Wow... Progressive Marxist Socialist/DSA Democrat Leftists can really scare the American voter.... Social Security will not end under DJT.... Republicans ill Not throw grandma over the cliff as they claimed Ryan would do.... Typical scare tactics.

Did Trump Propose SSI Changes That Could End Disability Benefits for Thousands?

Activists and Congressional Democrats encouraged the public to voice their opposition to the proposals, which were published in November 2019.

www.snopes.com

The Social Security Administration distributes disability benefits in two principle ways: Social Security Disability Insurance (SSDI), which typically provides benefits to people based on their previous Social Security tax contributions and history of work, and is paid out of the Social Security insurance fund; and Supplemental Security Income (SSI), which typically provides benefits to people based on their disability status and inability to work, and is paid out of general tax coffers.
In order to prevent potential abuse and waste in the system, the Social Security Administration conducts “continuing disability reviews,” essentially investigating whether each recipient still has a disabling condition, and if so, which kind. Those reviews take place more or less frequently, depending on the nature of each individual’s disability, broken into three “medical diary categories,” as follows:

• Medical Improvement Expected: Review every six to 18 months. e.g. bone fractures, kidney disease (alleviated by kidney transplant), low birth weight.
• Medical Improvement Possible: Review every three years. Non-permanent impairments. e.g. Schizophrenia, chronic ulcerative colitis, epilepsy.
• Medical Improvement Not Expected: Review every five to seven years. e.g. Amyotrophic lateral sclerosis (ALS/Lou Gehrig’s disease), Parkinson’s disease, leg amputation at the hip.

In November, the Social Security Administration published its proposals to make several changes to the review system. The most significant proposal was to add a fourth medical diary category, “Medical Improvement Likely.” Recipients placed in that category would undergo a review every two years.
According to a document accompanying the proposals, the decision to introduce the fourth category was made, in part, because the administration saw a pattern whereby some in the “Medical Improvement Expected” category were being prematurely subjected to re-evaluation, after six-18 months, before a medical improvement had the chance to take hold, and some in the “Medical Improvement Possible” category had successfully treated their impairment comfortably within the three-year review interval.
The introduction of the new category would therefore mean the bureaucratic burden on some recipients would actually be lessened, since they would be subject to review less frequently, though clearly it would also mean others would be subject to more frequent reviews. On the whole, the administration has estimated that, between 2020 and 2029, the new category would tend towards requiring more frequent reviews for those currently in the “Medical Improvement Possible” category, rather than less frequent reviews for those currently in the “Medical Improvement Expected” category:

 

[ReinyDays]

Social Security isn't going bankrupt ... only the reserve funds are being depleted ... roughly 90% of the money SSA pays out every month comes from payroll deduction taxes ... once the reserve fund is gone, checks will be cut to 90% of what they were ...

Deferring the payroll taxes, without deferring payments, means we'll have to hit the reserve fund a lot harder than anyone expected ... checks will still go out until after the election ... after that, who cares ... The Donald gets four more years and we can just add another $2 trillion to the National Debt ...

The 7.65% payroll taxes is only the employee's contribution ... the employer contributes another 7.65% ... and self-employed folks pay the full 15.3% as self-employment taxes ...

This puts money into people's pockets until the election ... then it all has to be paid back ... right after you get the bad news from your health insurance provider ...

The good news is that the working class can afford 7.65% more rent ... [ka'ching] ... what's good for your landlord is good for the country ...

 

[Muhammed]

will trump defund soc sec

No.

/thread

 

[ReinyDays]

will trump defund soc sec

No.

Ah ... good ... how does the SSA get funded without taxes? ... I'm curious ...

 

[Shawnee_b]

will trump defund soc sec

No.

Ah ... good ... how does the SSA get funded without taxes? ... I'm curious ...

They divert Pelosis booze bill to SSI

 

[KoalaCorp]

Ted Cruz said something about a money tree on Twitter yesterday...

 

[Nostra]

Social Security isn't going bankrupt ... only the reserve funds are being depleted ... roughly 90% of the money SSA pays out every month comes from payroll deduction taxes ... once the reserve fund is gone, checks will be cut to 90% of what they were ...

Deferring the payroll taxes, without deferring payments, means we'll have to hit the reserve fund a lot harder than anyone expected ... checks will still go out until after the election ... after that, who cares ... The Donald gets four more years and we can just add another $2 trillion to the National Debt ...

The 7.65% payroll taxes is only the employee's contribution ... the employer contributes another 7.65% ... and self-employed folks pay the full 15.3% as self-employment taxes ...

This puts money into people's pockets until the election ... then it all has to be paid back ... right after you get the bad news from your health insurance provider ...

The good news is that the working class can afford 7.65% more rent ... [ka'ching] ... what's good for your landlord is good for the country ...

The SS "reserves", or SS "Trust Fund" is empty. All it has in it is IOUs from past spending.

 

[Astrostar]

Trump can't defund SS or Medicare, we paid for those "entitlements".
The Defense department would be defunded first.
Medicare will be bankrupt in 2026, and SS in 2037 if not "fixed".
Here are some "fixes" for SS & Medicare.

Okay, buddy, but Trump wants to suspend Payroll Taxes... How does SS and Medicare get "Fixed" if you cut off their funding?

Cut welfare like food stamps, Section 8 Housing and all that other stuff free-loaders exploit.

Easy

Yup. And, while you're at it, do away with business ("corporate") welfare, i.e., oil subsidies, farm subsidies and criminally low business taxes.

 

[Meathead]

Trump can't defund SS or Medicare, we paid for those "entitlements".
The Defense department would be defunded first.
Medicare will be bankrupt in 2026, and SS in 2037 if not "fixed".
Here are some "fixes" for SS & Medicare.

Okay, buddy, but Trump wants to suspend Payroll Taxes... How does SS and Medicare get "Fixed" if you cut off their funding?

Cut welfare like food stamps, Section 8 Housing and all that other stuff free-loaders exploit.

Easy

Yup. And, while you're at it, do away with business ("corporate") welfare, i.e., oil subsidies, farm subsidies and criminally low business taxes.

Shut up. Too cliche'.

 

[ReinyDays]

Ah ... good ... how does the SSA get funded without taxes? ... I'm curious ...

They divert Pelosis booze bill to SSI

Tap into the Epstein Associate Defense Fund ... let the English Royal Family chip in ...

 

[ReinyDays]

The SS "reserves", or SS "Trust Fund" is empty. All it has in it is IOUs from past spending.

Technically ... Treasuries are IOU's ... SSA holds quite a bit of our National Debt ... but if you have a credible citation, I'd be happy to be corrected ...

 

[Nostra]

The SS "reserves", or SS "Trust Fund" is empty. All it has in it is IOUs from past spending.

Technically ... Treasuries are IOU's ... SSA holds quite a bit of our National Debt ... but if you have a credible citation, I'd be happy to be corrected ...

So, technically I am correct.

Next?

 

[StevenC]

The Dems are already highlighting Trump's plan in Florida. It should make for a bigger Biden win there.

Deferring payroll taxes is a moron idea, of course.

First, the problem isn't that payroll taxes are hurting anyone. The problem is that people don't have jobs. People without jobs don't pay payroll taxes anyways, so deferring payroll taxes accomplishes nothing.

And second, it's a deferall. Meaning a big lump sum will be due next year. I suppose it's a way of sabotaging the incoming Biden admin.

140 million people have jobs still. Deferring payroll taxes would be a huge boost to the economy through those people.

 

[flacaltenn]

TRUMP ‘RELIEF’ DEFUNDS SOCIAL SECURITY AND MEDICARE!

Another nail in Trump's political coffin. President Biden will reverse all this carnage.

Being fiscally responsible is the common sense way to go. We need to end wasteful programs like Medicare and Social Security.

Who do you think pays for Social Security and Medicare? Social Security is the largest holder of U.S. debt.

Soc Sec holds no TANGIBLE FUNGIBLE bonds. They are bookeeping "memo statements". It's all IOUs for money STOLEN from the working people for 35 years.. A couple DECADES ago, they were buying back OFFICIAL US Treasury bonds with the surplus, but haven't done that in at least 30 years.. When the income streams from FICA run negative -- the Treasury ISSUES NEW DEBT that's indistinguishable from all other debt to pay the bill.. Here's the statement that's buried in the back pages of EVERY SS Trustee Report...

http://www.socialsecurity.gov/history/pdf/tr09summary.pdf

Neither the redemption of trust fund bonds, nor
interest paid on those bonds, provides any new net income to the Treasury, which must finance redemptions and interest payments through
some combination of increased taxation, reductions in other government spending, or additional borrowing from the public.


This is general debt financed thru NEW bond issues.. Meaning some taxpayers are PAYING TWICE (plus interest) for the monies stolen from them in the "FICA excess"...

 

[JoeB131]

The payroll taxes are only suspended thru December.
My recommendation was to "fix" SS & Medicare for that temporary payroll tax suspension.
They are tossing $trillions around like it grows on trees. This won't end well.

How is limiting your intake going to "Fix" it, exactly.

That doesn't make a lick of fucking sense.

If you are still getting SS and Medicare deducted, IT MEANS YOU HAVE A JOB!!!! It's not the people who have jobs that are the problem, it's the people who don't.

 

[kyzr]

The payroll taxes are only suspended thru December.
My recommendation was to "fix" SS & Medicare for that temporary payroll tax suspension.
They are tossing $trillions around like it grows on trees. This won't end well.

How is limiting your intake going to "Fix" it, exactly.

That doesn't make a lick of fucking sense.

If you are still getting SS and Medicare deducted, IT MEANS YOU HAVE A JOB!!!! It's not the people who have jobs that are the problem, it's the people who don't.

Grow a fucking brain already will you?
1. Right now, unless fixed, Medicare is bankrupt in 2026, and SS is insolvent in 2037.
2. Trump wants the payroll tax suspended until December, the democrats want entitlements fixed.
3. The "deal" I'm suggesting is the payroll tax suspension until December, but ONLY IF both SS & Medicare are fixed for the long term by both parties.

4. The states did NOT spend 75% of the $3T they got in April, Mitch wants to see how that money is spent before adding to it. Adding another $3T now like Nancy and Chuck want to do makes no sense. Trump's EOs make sense.
1. No evictions
2. No payroll tax for 6-months means more $$$ for workers
3. Extends $400/week unemployment checks ($100 by states, $300 by Feds)

 

[JoeB131]

Grow a fucking brain already will you?
1. Right now, unless fixed, Medicare is bankrupt in 2026, and SS is insolvent in 2037.

Okay- HOW DOES TAKING IN LESS FUNDS FIX THAT?

2. Trump wants the payroll tax suspended until December, the democrats want entitlements fixed.

AGAIN, HOW DOES TAKING IN LESS FIX THAT?

3. The "deal" I'm suggesting is the payroll tax suspension until December, but ONLY IF both SS & Medicare are fixed for the long term by both parties.

How does taking in less money fix that? If anything, they should probably INCREASE the payroll tax to save the systems.

4. The states did NOT spend 75% of the $3T they got in April, Mitch wants to see how that money is spent before adding to it. Adding another $3T now like Nancy and Chuck want to do makes no sense. Trump's EOs make sense.

Well, no, because the EO's haven't been funded and there's no funding for them. The 3T didn't go to the states, they went through various direct programs and federal agencies... The money for EU is exhausted.

1. No evictions
2. No payroll tax for 6-months means more $$$ for workers
3. Extends $400/week unemployment checks ($100 by states, $300 by Feds)

The states don't have $100 more to give, they can barely keep up the payments they are making now.

It's not the people who are still working that are the problem, it's the people who aren't. Are you like, some kind of high functioning retard?

 

[ReinyDays]

Technically ... Treasuries are IOU's ... SSA holds quite a bit of our National Debt ... but if you have a credible citation, I'd be happy to be corrected ...

So, technically I am correct.

Ah ... you must be a wage-slave and have no understanding of this thing called "investing" ... Mitt Romney doesn't have $250m in $100 bills stacked up in his Nantucket home ... but technically he's not "empty" ... he still has $250m worth of "investments" ... stocks, bonds, real estate, coins, and yes Treasuries ... all these things pay him more money while he holds them, plus he can always sell the "investments" and get his original money back, plus margins ... but that will have to be another lesson ...

Technically ... you are wrong ... Treasuries are as good as cash ... only a simpleton would think otherwise ...