Social Security War Room

[Rambunctious]

Responding to what she called Musk's "absurd claim," Nancy Altman, president of the advocacy group Social Security Works (SSW), said Friday that "the truth is that Social Security has a fraud rate of 0.00625%, far lower than private sector retirement programs."

"It is Musk and DOGE who are inviting in fraudsters," she continued. "Scammers are already rushing in to take advantage of the confusion created by DOGE's service cuts."

How good has that money laundering group Social Security Works done?...

The Social Security trust funds are projected to be depleted in 2035, meaning that without reforms, the program will be unable to pay full benefits.

And you trust what she says??? no wonder....

 

[WorldWatcher]

1. SS is not a "Ponzi Scheme" because there are always deposits being made by workers.

True.

2. The SS surplus was spent by creating the "Unified Budget" to use the SS surplus and put in IOUs.

False.

Since inception any surplus in SS revenue have been required by law to be invested in US Treasurey bonds. That never changed.

3. SS will be insolvent in 2035 unless it is "fixed" to pay promised benefits beyond 2035.

Semi True and semi false.

SS will not be "insolvent" what will happen is that once the Trust Fund is exhausted then benefit checks will be reduced by 20-25% so that benefit expenditures equal revenues.

4. One fix is to deny benefits to the unqualified, as DOGE is doing.

SS Retirement has a very low fraud rate - while anyone committing fraud should be rooted out, changed and convicted of their crimes - it isn't going to be a drop in the bucket as it pertains to extending the life of SS benefits without reduction. SS Retirement benefits are about $1.2 TRILLION a year (or about $100 Billion a month). Finding a few Billions in fraud will literally be worth a couple of weeks, maybe a couple of months worth of benefits.

You can't "save" SS with fraud reduction as there is that much fraud.

5. Another fix is to raise the "cap" on those making over $____________

This would help. No doubt.

Democrat's fear mongering is to scare voters, a better idea would be to "fix" SS, as they have done several times since 1947.

You need bipartisian support to "fix" SS to get it through Congress. The GOP wants to privitize and cut benefits. The DEMs want to raise revenue. The GOP will kill anything that smells of raising taxes, the DEMs will kill anything that smells of cutting benefits.

WW

 

[80zephyr]

1. SS is not a "Ponzi Scheme" because there are always deposits being made by workers.
2. The SS surplus was spent by creating the "Unified Budget" to use the SS surplus and put in IOUs.
3. SS will be insolvent in 2035 unless it is "fixed" to pay promised benefits beyond 2035.
4. One fix is to deny benefits to the unqualified, as DOGE is doing.
5. Another fix is to raise the "cap" on those making over $____________

Democrat's fear mongering is to scare voters, a better idea would be to "fix" SS, as they have done several times since 1947.

I disagree. If it takes more than one worker to support one retiree, it will take an ever expanding workforce to keep paying social security.

 

[22lcidw]

Bullshit dummy. Don't you get it? They aren't going to end social security. They're going to destroy it from within and then tell you it was a ponzi scheme. God ur dumb. Are you going to bend over and take it?

How old are you? You probably already get yours. Or you are too young to care.

Progs cry wolf over and over and over, over the years and unfortunately a percentage of voters always fall for it. Republicans know that social security is a lifeblood for many people. If they need to raise the age slightly, raise the rate slightly and raise the tax it disappears in people's incomes slightly they will fix it for decades easily. They can use one, two or all three of those options and perhaps there is more. Anyone cheating or any illegals collecting and other issues needs toe discontinued. Adn this is what you are harping on.

 

[Cassandro]

Democrats are profoundly dishonest - even to themselves.

 

[sealybobo]

There was a program to clean up the SS data but they weren't as capable as DOGE, obviously.
DOGE will need to tabulate how much they saved SS compared to the $31m the SS boys found, especially payments to illegals.

Trump, Musk Exaggerate Scale of Improper Social Security Payments to the Dead - FactCheck.org

President Donald Trump incorrectly interpreted data shared by Elon Musk when he misleadingly claimed on Feb. 18 that “millions and millions of people over 100 years old” may be receiving improper benefits from Social Security. In fact, only about 89,000 people aged 99 or older received benefits...

www.factcheck.org

As of September 2015, the Social Security database automatically designates individuals aged 115 and older as deceased. Additionally, a pilot program launched by the Treasury Department in 2023 has recovered $31 million in improper federal payments to deceased individuals, both from Social Security and from other government agencies. The program projects to recoup $215 million by December 2026.

Now it’s $215 million? Before it was billions. Plus you’re still believing the 150 year old people lie. Like they’re eating the dogs.

And I bet you like what trumps doing with tariffs. Not telling us his plans, off again off again tariffs, this is horrible for business. Even business says so. He was supposed to be a good business man. Told you he wasnt

 

[sealybobo]

Democrats are profoundly dishonest - even to themselves.

Trumps proving to be a shitty businessman. Just like he was before he was president. But he always got richer.

 

[dudmuck]

How good has that money laundering group Social Security Works done?...

The Social Security trust funds are projected to be depleted in 2035, meaning that without reforms, the program will be unable to pay full benefits.

And you trust what she says??? no wonder....

this so-called depletion, as described here, just means they need to enact legislation to increase the funding or reduce the payout. This is nothing to do with any fraud.

 

[Rambunctious]

this so-called depletion, as described here, just means they need to enact legislation to increase the funding or reduce the payout. This is nothing to do with any fraud.

The old lady in a wheelchair trick is old and stopped working 20 years ago....

 

[Rambunctious]

So you don't want to privatize social security?

If we had done it when Bush suggested it people would not need to work while they are on SS... we would all be retiring mini millionaires... but Pelosi and Reid killed it in the house....
And to answer your question I have a military pension that I worked hard and risked my life for... Thanks to Trump next year when I apply I can now collect both without a penalty....

 

[WorldWatcher]

If we had done it when Bush suggested it people would not need to work while they are on SS... we would all be retiring mini millionaires... but Pelosi and Reid killed it in the house....

The problem with Bush's privatization plan was there was no plan to transition from SS Retirement to private accounts because FICA taxes pay for SS Retirement benefits. Without FICA there was no explanation of how to pay benefit commitments since the funds were to be diverted to private accounts.

And to answer your question I have a military pension that I worked hard and risked my life for... Thanks to Trump next year when I apply I can now collect both without a penalty....

I'm retired military, what did Trump do with military retirement and what do you mean by both?

WW

 

[Mac-7]

Bullshit dummy. Don't you get it? They aren't going to end social security. They're going to destroy it from within and then tell you it was a ponzi scheme. God ur dumb. Are you going to bend over and take it?

How old are you? You probably already get yours. Or you are too young to care.

How does arresting criminals who are scamming SS going to harm the system?

 

[sealybobo]

How does arresting criminals who are scamming SS going to harm the system?

Who said it would? Have you arrested any yet?

 

[Mac-7]

True.



False.

Since inception any surplus in SS revenue have been required by law to be invested in US Treasurey bonds. That never changed.



Semi True and semi false.

SS will not be "insolvent" what will happen is that once the Trust Fund is exhausted then benefit checks will be reduced by 20-25% so that benefit expenditures equal revenues.



SS Retirement has a very low fraud rate - while anyone committing fraud should be rooted out, changed and convicted of their crimes - it isn't going to be a drop in the bucket as it pertains to extending the life of SS benefits without reduction. SS Retirement benefits are about $1.2 TRILLION a year (or about $100 Billion a month). Finding a few Billions in fraud will literally be worth a couple of weeks, maybe a couple of months worth of benefits.

You can't "save" SS with fraud reduction as there is that much fraud.



This would help. No doubt.



You need bipartisian support to "fix" SS to get it through Congress. The GOP wants to privitize and cut benefits. The DEMs want to raise revenue. The GOP will kill anything that smells of raising taxes, the DEMs will kill anything that smells of cutting benefits.

WW

You say SS fraud is miniscule

I doubt that,

but we wont know till after a complete audit has been completed

Which libs are trying desperately to avoid

 

[sealybobo]

You say SS fraud is miniscule

I doubt that,

but we wont know till after a complete audit has been completed

Which libs are trying desperately to avoid

ss fraud is like voter fraud. Virtually non existent. MAYBE you'll find a couple payments went out to someone who died 2 months ago.

If there was fraud in SS, we'd know it already. Instead all we found out that Elon was using a ledger excel mistake as proof 150 year olds were being paid. Which turned out to not be true but like their eating the dogs, the truth never stops you does it Mac?

 

[Mac-7]

Who said it would? Have you arrested any yet?

I think so

Much to your dismay when they do I’m sure

 

[Mac-7]

ss fraud is like voter fraud. Virtually non existent.

You hope

But dont bet the rent money on that unless you dont mind sleeping in your car

 

[Rambunctious]

The problem with Bush's privatization plan was there was no plan to transition from SS Retirement to private accounts because FICA taxes pay for SS Retirement benefits. Without FICA there was no explanation of how to pay benefit commitments since the funds were to be diverted to private accounts.



I'm retired military, what did Trump do with military retirement and what do you mean by both?

WW

Trump removed the penalty so people could collect a pension and their full SS...
And I'm not sure where you are going with the Bush proposal... it never got close enough for the plan to get configured... Pelosi and Reid both said its DOA... so it never got fully explained... but linked to a retirement plan if implemented properly people today would be retiring with twice the amount each month flowing into their accounts...

 

[sealybobo]

I think so

Much to you dismay when they do I’m sure

OMG. You THINK so? Why because the media told you? Trump told you? What a ******* idiot. Didn't you also THINK they were eating the dogs and you FELT like the economy wasn't on the right track last year even though it was?

No, I would love to hear I was wrong and they've found fraud. Let me know when they do. Not when you THINK they do. This reminds me of how we told you the economy was fine last year and showed you the proof and you said "yea, but it doesn't FEEL like it. You THINK Trump is finding fraud. No evidence required. Boy talk about being a brainwashed fool.

 

[Mac-7]

OMG. You THINK so? Why because the media told you? Trump told you? What a ******* idiot. Didn't you also THINK they were eating the dogs and you FELT like the economy wasn't on the right track last year even though it was?

No, I would love to hear I was wrong and they've found fraud. Let me know when they do. Not when you THINK they do. This reminds me of how we told you the economy was fine last year and showed you the proof and you said "yea, but it doesn't FEEL like it. You THINK Trump is finding fraud. No evidence required. Boy talk about being a brainwashed fool.

The economy was hollow

Even libs admitted that as they moaned and groaned about workers having to take two jobs and still needing food stamps