“It will be my objective to phase out Social Security." - Sen. Mike Lee says the quiet part out loud.

[Toddsterpatriot]

Retirement age is now 67 asshole.

Tell that to the moron who thinks 60-year-olds never had to work in history
and it would be awful if they somehow had to work now.

 

[Toddsterpatriot]

Who's forcing them to retire? Those that want to work until they die will shall be remembered.....lmao

Some twat thinks they should be forced to retire...oh, right, that was you.

 

[Toddsterpatriot]

Its a progressive tax to cover the SS deficit caused by the government using the SS surplus and replacing it with an IOU.

The surplus was always an IOU, not a stack of $20s.

 

[Toddsterpatriot]

Try living off your savings after you retire. Let me know how long you last.

It's harder to save when the government takes 15.3% out of every paycheck.

 

[Lakhota]

 

[Winco]

I'd not trust Mike Lee as far as I could toss him.....Too much retarded UT Morman in him.

BTW......He is a direct descendant of John D. Lee who was one of the perps of the Mountain Meadows Massacre.

On March 23, 1877, Lee was executed by firing squad (finally, 20 years later) at Mountain Meadows on the site of the 1857 massacre.

But, you trust POS trump!










And your distance on a 'trump toss' would be Zero.

 

[Winco]

It's harder to save when the government takes 15.3% out of every paycheck.

Work Harder.



Dear Lord........you like dirt roads?

 

[kyzr]

Sure it can be invested.

The Trust Fund is as real as any other imaginary instrument issued the the Federal government. All that needs to be done is to liquidate 80% of the Funds and invest the new Trust Fund proceeds 50% in DJ30, 40% in S&P500 and10% in NASDAQ.
The Fund will be solid and growing and compounding forever

OK, if Elan and Vivek say there is a surplus to invest instead of buying US bonds then I agree.

 

[para bellum]

So one senator says he wants to phase out SS. President Trump says he will save and protect it. I think I'll go with Trump.

One Senator said that 15 years ago, and the part about honoring the commitment to people who already paid in is always omitted whenever the clip is resurrected...over and over again...

 

[kyzr]

Which is why so many people can't afford retirement. They pay for it twice. SS is a Ponzi scheme that is going to implode as the ratio of workers to SS beneficiary continues to drop.

The SS actuaries say that in 2034 if no action is taken, payees only get 70% of promised benefits, because the money in is all that gets payed out. To avoid that we need to raise the cap now. SS can be "fixed" for the long term.

 

[kyzr]

The reason SS is the only option for many Americans is because their income was taxed away during their working years.

You can look at it that way.
SS is an income tax that you get paid back in inflated dollars after you retire.

 

[Lakhota]

 

[kyzr]

The surplus was always an IOU, not a stack of $20s.

They buy US bonds with the surplus now, but in 2034 money in = money out with no surplus, so people only get 83% of promised benefits after that, unless its "fixed"..

Will Social Security run out? Here's what could happen to your benefits

The 2024 report from the Social Security trustee board indicates that, at the current rate, full benefits will no longer be available in 2035.

www.cnbc.com

 

[dblack]

Have you talked to him? Phase out means go away.

Right. Go away gradually. Most conversations about phasing out SS include provisions to ensure that people who were forced to pay into it, get their money back. Why would you pretend otherwise?

 

[CrusaderFrank]

OK, if Elan and Vivek say there is a surplus to invest instead of buying US bonds then I agree.

There are assets that need to be put to more productive uses

 

[kyzr]

It's harder to save when the government takes 15.3% out of every paycheck.

Fuck. They took a lot more than that if you add up all the taxes you pay.
I paid more than 50% of my pay in taxes.

 

[dblack]

Robert the Third Reich.

 

[Toddsterpatriot]

They buy US bonds with the surplus now, but in 2034 money in = money out with no surplus, so people only get 83% of promised benefits.

Will Social Security run out? Here's what could happen to your benefits

The 2024 report from the Social Security trustee board indicates that, at the current rate, full benefits will no longer be available in 2035.

www.cnbc.com

They buy US bonds with the surplus now

There hasn't been a surplus for years and years.

 

[Toddsterpatriot]

Fuck. They took a lot more than that if you add up all the taxes you pay.
I paid more than 50% of my pay in taxes.

And they took out 15.3% for Social Security and Medicare.

 

[kyzr]

They buy US bonds with the surplus now

There hasn't been a surplus for years and years.

SS says there is now, but it runs out in 2033

Trustees Report Summary

A SUMMARY OF THE 2024 ANNUAL REPORTS

www.ssa.gov

• The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year's report. At that time, the fund's reserves will become depleted and continuing program income will be sufficient to pay 79 percent of scheduled benefits.