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

JoeB131

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Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
Except if you live long enough, you get a lot more out than you ever paid in. So WELFARE.

And that's the problem, actually. When SS was conceived, people rarely lived past 65. Now the average life expectancy is 78. Furthermore, with smaller families after the Baby Boom, you have less people paying in. (The fact the One Percenters have driven down wages hasn't helped, either.)

A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.
You're right. Social Security isn't a pension. It's welfare. Deal with it.
 

kyzr

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Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
Except if you live long enough, you get a lot more out than you ever paid in. So WELFARE.

And that's the problem, actually. When SS was conceived, people rarely lived past 65. Now the average life expectancy is 78. Furthermore, with smaller families after the Baby Boom, you have less people paying in. (The fact the One Percenters have driven down wages hasn't helped, either.)

A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.
You're right. Social Security isn't a pension. It's welfare. Deal with it.
1. You don't understand the time value of money and the effect of inflation, so stay a low IQ democrat and bitch about white privilege, and those intelligent people that actually work for a living.
2. Social Security will be insolvent in 2037 unless it is "fixed". If not fixed, people will only get about 92% of earned benefits. The math works, except you're too stupid to understand it. Here's the SS trustees report for 2020:
3. Welfare is what the lazy low IQ folks get for not working. You know the window lickers on the short bus.
Social Security is only received if it is earned, see the difference?
Probably not, you being so stupid and all, work vs no work is just to complicated.
 

JoeB131

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1. You don't understand the time value of money and the effect of inflation, so stay a low IQ democrat and bitch about white privilege, and those intelligent people that actually work for a living.
Still Welfare, buddy... Sorry.

2. Social Security will be insolvent in 2037 unless it is "fixed". If not fixed, people will only get about 92% of earned benefits. The math works, except you're too stupid to understand it. Here's the SS trustees report for 2020:
Okay, that would make cutting the Payroll Tax a REALLY REALLY STUPID idea. Just saying. Of course, what we need to do is make the rich pay their fair share by raising the cap, to start with, and means testing it.

3. Welfare is what the lazy low IQ folks get for not working. You know the window lickers on the short bus.
Social Security is only received if it is earned, see the difference?
Probably not, you being so stupid and all, work vs no work is just to complicated.
Nonsense. People come over here at 50 to get 12 years in, and get Social Security for life. Social Security is not based on your lifetime earnings, it's based on your average earnings for your last three years.

So- Welfare.
 

kaz

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President Donald Trump on Saturday afternoon openly vowed to permanently "terminate" the funding mechanism for both Social Security and Medicare if reelected in November.

The Trump campaign was apparently so satisfied with the public acknowledgement of the president's promise to make the payroll tax permanent—a move that would inherently bankrupt the Social Security system—that it clipped the portion of the press conference and shared on social media immediately after it concluded.

Getting Baby Boomers off the federal dole will be the greatest accomplishment by any U.S. president of the past 100 years.

Workers can now spend the money the government had held for their retirement from the first day of their employment. Waiting until later years to begin saving for one's old age is a much more viable system, since everyone will be diligent in this effort.

What a liar. This isn't at all what Trump said. You're a dishonest pile of shit.

And you even quoted "terminate," a word you made up as if Trump said that when he didn't
 

kaz

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If politicians ever end social security without compensating Americans who have paid into it for decades, if Americans lose all that money, Americans need to drag millionaire politicians like Pelosi, Schumer, etc...out into the streets, seize their MULTIPLE HOMES, their $25k fridges, etc...until we get OUR money back.
You didn't "pay into" social security any more than you "paid into" military spending. No money was ever saved. It was spent as it came in like all other taxes. There is no "trust fund," Virginia. There is a bunch of IOUs written from the general fund to itself.

Best thing we could do is kill that Ponzi scheme
 

kaz

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Getting Baby Boomers off the federal dole will be the greatest accomplishment by any U.S. president of the past 100 years.
You are such an idiot. ... :cuckoo:
The boomers paid into Social Security for decades. It's their money not the governments. ... :cool:
Geez, I just felt the Earth Shudder. Sunni and I are on the same page on this one. The difference is, he'll still vote for Rump.
Sunni should have realized when he agreed with you that he was wrong.

Again, there is NO TRUST FUND. The money was spent as it came in. Not a dime was saved. None of your social security welfare check will be from money you "paid into" the system because you didn't. You paid taxes, they spent it
 

Nosmo King

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I'm for cutting off Social Security for everyone under 25yo - no more AFTER everyone above that who has actually paid into if for at least 20 years gets theirs paid.

You snowflakes seem to believe that the government is giving recipients government money each month, that they are doing recipients a favor by doing so. Those who believe that are just f*ing STUPID.

I HAVE PAID INTO SOCIAL SECURITY WITH THE PROMISE IT WOULD BE PROTECTED AND THERE FOR ME WHEN I RETIRE FOR 40 YEARS.

ITS NOT THE GOVERNMENTS MONEY - ITS MINE!

I don't know about you idiots who think killing SS without reimbursing anyone who has paid in is a good idea, but doing so would amount to THE LARGEST PONZI SCHEME IN WORLD HISTORY.

A man is sitting in prison right now for doing what is being suggested.

Screw that....

Tell you what...cut me a check right now for HALF of the money I have paid into SS, and you can do whatever you want with SS.

.
If you are a Baby Boomer, the president is finally ending your free ride.
Spoken like a young idiot. You have no idea what you're talking about.
 

Lesh

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Wrong. He DEFE
WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.
Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
The amount you receive from SS is computed from the amount you contribute.
You need to EARN an SS check, unlike welfare.
A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.

And all that changes the minute Trump/Republicans fund SSI out of the General Fund....which is what they are trying to do here

And if they fail? The payroll cut becomes a LOAN you have to pay back.
Wrong. Trump just suspended the payroll tax for 4-months to give people stimulus money. LBJ was the one who started the "unified budget" taking all trust fund money into the Federal Budget.

In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
Wrong. He could only defer it... making it a loan you have to pay back

ohhh
 

HenryBHough

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Hey, liberals! I could live quite comfortably off the earnings of my 401K self-funded "pension" but I don't have to touch it except for new toys. Your Socialist fore-mothers created Social Security so now you get to live with it. Enjoy it as we who were prudent smile a cheery "fuck you" in your general direction. Maybe if Social Secuity were phased out it would be an educational experience no Marxist Indoctrination Center would ever dare teach.
 

JoeB131

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You didn't "pay into" social security any more than you "paid into" military spending. No money was ever saved. It was spent as it came in like all other taxes. There is no "trust fund," Virginia. There is a bunch of IOUs written from the general fund to itself.

Best thing we could do is kill that Ponzi scheme
Or just fund it properly and make the wealthy pay their fair share... that would work, too.

Hey, liberals! I could live quite comfortably off the earnings of my 401K self-funded "pension" but I don't have to touch it except for new toys. Your Socialist fore-mothers created Social Security so now you get to live with it. Enjoy it as we who were prudent smile a cheery "fuck you" in your general direction. Maybe if Social Secuity were phased out it would be an educational experience no Marxist Indoctrination Center would ever dare teach.
Actually, I think you guys should keep telling granny you want to take away her Social Security... I think that will work out well for you along with "Granny was going to die of Covid, Anyway."

 

protectionist

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If you are a Baby Boomer, the president is finally ending your free ride.
BULLSHIT. Trump knows he cannot cut Social Security, and survive another minute politically. Everyone know that. This thread is a laughingstock.

Next, Trump haters are going to claim that Trump is for legalizing bank robbery. :rolleyes:

And Social Security is not "free" ride. People work hard for half a century to establish their benefits in it. OP tripped himself on that one.
 

protectionist

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For as long as it lasts, but without payroll deductions to fund Social Security recipients' federal lifeline, the gravy train will run out of steam.
The weak link in your broken chain, is the word "will". :biggrin:
 

kyzr

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1. You don't understand the time value of money and the effect of inflation, so stay a low IQ democrat and bitch about white privilege, and those intelligent people that actually work for a living.
Still Welfare, buddy... Sorry.

2. Social Security will be insolvent in 2037 unless it is "fixed". If not fixed, people will only get about 92% of earned benefits. The math works, except you're too stupid to understand it. Here's the SS trustees report for 2020:
Okay, that would make cutting the Payroll Tax a REALLY REALLY STUPID idea. Just saying. Of course, what we need to do is make the rich pay their fair share by raising the cap, to start with, and means testing it.

3. Welfare is what the lazy low IQ folks get for not working. You know the window lickers on the short bus.
Social Security is only received if it is earned, see the difference?
Probably not, you being so stupid and all, work vs no work is just to complicated.
Nonsense. People come over here at 50 to get 12 years in, and get Social Security for life. Social Security is not based on your lifetime earnings, it's based on your average earnings for your last three years.

So- Welfare.
1. You low IQ folks think everything is welfare. Its just all you know.
2. Cutting the payroll tax is a dumb idea. No argument. The shortfall is just borrowed.
3. If you come over here at 50 and make $60,000 for 12 years, you earned $778/month, using the SS calculator. Good luck retiring on $778/month.
When you work and pay Social Security taxes (FICA on some pay stubs), you earn Social Security credits. You can earn up to 4 credits each year. If you were born after 1928, you need 40 credits (10 years of work) to be eligible for retirement benefits.

4. Social security benefits are based on how much you contribute. Here is an SS calculator:

1597356442549.png


5. SS is based on your lifetime earnings. The bloated democrat city and state pensions are based on their last 3-years, OT and all, now that's welfare. I'm hoping those bloated pensions get axed when the pensions are bankrupt.
 

JoeB131

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1. You low IQ folks think everything is welfare. Its just all you know.
Naw, man, I just see that the biggest welfare collectors are White People. Social Security, Medicare, Unemployment Insurance, Disability... all "Welfare" white people think they own, but man, you'll scream like a stuck pig if a poor kid gets $80.00 in food stamps.

2. Cutting the payroll tax is a dumb idea. No argument. The shortfall is just borrowed.
But your Fuhrer wants to do exactly that.

3. If you come over here at 50 and make $60,000 for 12 years, you earned $778/month, using the SS calculator. Good luck retiring on $778/month.
Good luck retiring on anything SS Pays. Of course, a lot of these folks go back to the country they came from and they can live like kings on 778 a month. It's very popular with the Polish community here.
 

Staidhup

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If during the course of one actually having a job, earning a living, were to have saved the equivalence of what has been deducted and invested in bonds, CD's, T Bills, and broad based conservative mutual fund they would have realized a larger benefit then the paltry distributions they receive today. If the earned income ceiling mandated by congress did not exist both Soc Sec, and medicare would be solvent today and we would not be having this discussion.
A Ponzi scam designed to fill the gap between government spending and taxes collected, yes, remember when FDR and congress enacted the law very few individual(s) reached retirement age or lived much beyond 65.
Biden after being elected will adopt means testing which will include all assets (home, car...) to warrant receiving Soc Sec and medicare as a last desperate act to save Soc Sec and Medicare and still will not lift the earned income ceiling threshold to protect his wealthy benefactors.
The addition of a National Health Care program will further insure those that paid into the scam will not live long enough to receive full benefit. Remember when you die, and you will, all claims, other than your spouse, revert back to the government. What a great scam it is, control all the variables and its a win win for the government over the people not of the people. The fundamental problem is the electorate and ignorance, for if it sounds too good it is not. So kick the can down the road for the next generation and have a wonderful care free life.
 

Lesh

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If politicians ever end social security without compensating Americans who have paid into it for decades, if Americans lose all that money, Americans need to drag millionaire politicians like Pelosi, Schumer, etc...out into the streets, seize their MULTIPLE HOMES, their $25k fridges, etc...until we get OUR money back.
You didn't "pay into" social security any more than you "paid into" military spending. No money was ever saved. It was spent as it came in like all other taxes. There is no "trust fund," Virginia. There is a bunch of IOUs written from the general fund to itself.

Best thing we could do is kill that Ponzi scheme
You have Zero understanding of what the Trist Fund is or how SSI is funded... unless you’re lying
 

Lesh

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If during the course of one actually having a job, earning a living, were to have saved the equivalence of what has been deducted and invested in bonds, CD's, T Bills, and broad based conservative mutual fund they would have realized a larger benefit then the paltry distributions they receive today. If the earned income ceiling mandated by congress did not exist both Soc Sec, and medicare would be solvent today and we would not be having this discussion.
A Ponzi scam designed to fill the gap between government spending and taxes collected, yes, remember when FDR and congress enacted the law very few individual(s) reached retirement age or lived much beyond 65.
Biden after being elected will adopt means testing which will include all assets (home, car...) to warrant receiving Soc Sec and medicare as a last desperate act to save Soc Sec and Medicare and still will not lift the earned income ceiling threshold to protect his wealthy benefactors.
The addition of a National Health Care program will further insure those that paid into the scam will not live long enough to receive full benefit. Remember when you die, and you will, all claims, other than your spouse, revert back to the government. What a great scam it is, control all the variables and its a win win for the government over the people not of the people. The fundamental problem is the electorate and ignorance, for if it sounds too good it is not. So kick the can down the road for the next generation and have a wonderful care free life.
That was tried in Chile... and was an abject failure
 

kyzr

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Wrong. He DEFE
WORKING for a pension, having the government take money from every check for retirement is NOT WELFARE you moron.
Sure it is. If Social Security were a pension, it would be a fixed amount that would run out after a certain point. You would be able to take out as much or as little as you need. That's clearly not what it is.

p.s. I never said porch monkeys were black?? Funny how that clicked in your head?
Everyone knows that's a racist term.
Welfare is nothing like a pension, welfare is free government money for NOT working.
Social Security is money that the government takes from your pay over your working life to fund your pension.
The amount you receive from SS is computed from the amount you contribute.
You need to EARN an SS check, unlike welfare.
A "defined benefit pension" is similar to SS except you can choose to receive a lump sum of cash (dumb idea because of taxes) or various lifetime options, such as for a surviving spouse. Pensions are earned thru working.

And all that changes the minute Trump/Republicans fund SSI out of the General Fund....which is what they are trying to do here

And if they fail? The payroll cut becomes a LOAN you have to pay back.
Wrong. Trump just suspended the payroll tax for 4-months to give people stimulus money. LBJ was the one who started the "unified budget" taking all trust fund money into the Federal Budget.

In early 1968 President Lyndon Johnson made a change in the budget presentation by including Social Security and all other trust funds in a"unified budget." This is likewise sometimes described by saying that Social Security was placed "on-budget."
Wrong. He could only defer it... making it a loan you have to pay back

ohhh
If during the course of one actually having a job, earning a living, were to have saved the equivalence of what has been deducted and invested in bonds, CD's, T Bills, and broad based conservative mutual fund they would have realized a larger benefit then the paltry distributions they receive today. If the earned income ceiling mandated by congress did not exist both Soc Sec, and medicare would be solvent today and we would not be having this discussion.
A Ponzi scam designed to fill the gap between government spending and taxes collected, yes, remember when FDR and congress enacted the law very few individual(s) reached retirement age or lived much beyond 65.
Biden after being elected will adopt means testing which will include all assets (home, car...) to warrant receiving Soc Sec and medicare as a last desperate act to save Soc Sec and Medicare and still will not lift the earned income ceiling threshold to protect his wealthy benefactors.
The addition of a National Health Care program will further insure those that paid into the scam will not live long enough to receive full benefit. Remember when you die, and you will, all claims, other than your spouse, revert back to the government. What a great scam it is, control all the variables and its a win win for the government over the people not of the people. The fundamental problem is the electorate and ignorance, for if it sounds too good it is not. So kick the can down the road for the next generation and have a wonderful care free life.
1. Social Security can be fixed for the long term. If not, people only get 92% of promised benefits, so its not a "ponzi scheme". Also, its been around almost 100-years, how long are ponzi schemes around?
2. You can put money into a 401k as well as social security, so its wise to save for retirement starting early.
3. Not only will "medicare for all" be horrible, too many people for too few doctors, but many hospitals will close.

So I agree with you on medicare for all, but not SS.[/QUOTE]
 

kaz

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You didn't "pay into" social security any more than you "paid into" military spending. No money was ever saved. It was spent as it came in like all other taxes. There is no "trust fund," Virginia. There is a bunch of IOUs written from the general fund to itself.

Best thing we could do is kill that Ponzi scheme
Or just fund it properly and make the wealthy pay their fair share... that would work, too
The rich just need to pony up until you've had your fill of free shit, huh?
 

kaz

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If politicians ever end social security without compensating Americans who have paid into it for decades, if Americans lose all that money, Americans need to drag millionaire politicians like Pelosi, Schumer, etc...out into the streets, seize their MULTIPLE HOMES, their $25k fridges, etc...until we get OUR money back.
You didn't "pay into" social security any more than you "paid into" military spending. No money was ever saved. It was spent as it came in like all other taxes. There is no "trust fund," Virginia. There is a bunch of IOUs written from the general fund to itself.

Best thing we could do is kill that Ponzi scheme
You have Zero understanding of what the Trist Fund is or how SSI is funded... unless you’re lying


" A trust fund is a legal entity that holds property or assets on behalf of another person, group or organization "


Note that there are assets in a trust fund is part of the definition of a trust fund. So since social security has no assets, it's not a trust fund.

Claim: Lesh is an idiot. <<<<<< - Fact check: We determine this to be true ...
 

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