The DOGE effect. Social Security payments just saw the largest single monthly drop in history

[Delldude]

Pissing in the wind. Trump submitted a budget that increase the deficit $3,000,000,000,000.

Get a grip.

 

[progressive hunter]

Get a grip.

I am sure he has a solid grip on himself while he has this public TDS attack,,

 

[citygator]

Get a grip.

Meaning?

 

[JohnDB]

This is not good....
Meaning less goods are flowing....economy is stalling out. Meanwhile Jerome Powell is stubbornly refusing to drop rates.
We got a problem....a big one. No goods moving and no tax revenues...including tarrifs.



26 Jun 2025: Drewry's World Container Index decreased 9% to $2,983 per 40ft container this week. 16 Jun 2025: Drewry's new Intra-Asia Container Index, a weighted average of spot container freight rates, increased 8% to $707 per 40ft container in the first half of June.

 

[Woodznutz]

Say what? Denying what benefits? I've drawing for years, I could go back to work tomorrow if I wanted. I'm not denied any benefits.

If you earn enough after your full retirement age while collecting SS, you'll pay ordinary Fed tax on 85 percent of your benefit. For me that's about $4,000/yr. effectively reducing my monthly payment from $2324 to $1991. I can live with that.

 

[JohnDB]

If you earn enough after your full retirement age while collecting SS, you'll pay ordinary Fed tax on 85 percent of your benefit. For me that's about $4,000/yr. effectively reducing my monthly payment from $2324 to $1991. I can live with that.

Yes....but you shouldn't have to. You paid taxes and worked DECADES paying into the Social Security system PLUS your employers ALSO PAID FOR YOU (more than you paid) into this system.
If just paid into a brokerage account to buy an index fund you would be a multi millionaire by now....you could pull $100k/yr and never worry about running out of money and leave your family a huge chunk of money when you passed on.

Which is why when SS is given to illegal immigrants WE the taxpayers get upset. It's OUR MONEY THEY ARE GIVING AWAY. But when it comes time for an increase in benefits they decry poverty as if they don't have enough to do it. But somehow they have enough to give people who never paid into the system (or ever want to) a bunch of our money?

That's called hypocrisy right there.

They have robbed you of opportunity and then robbed you to buy votes for themselves. They have robbed you by creating this ponzi scheme to begin with. Now they want to tax you on the crumbs of money leftover?

They claim that if you live two years after retirement you already get back more than you ever paid in. That's horseshit right there. A simple zero coupon bond pays out a $million for a $10k after 20 years. (I've worked over 40)

I don't want to hear how they got left a mess by previous Congresses....they can fix it easy and quick if motivated. Especially by politicians who are nothing more than paid, professional liars.

 

[initforme]

We need to lower the retirement age now. Perfect time to do that.

 

[initforme]

Why would we want people working longer?

 

[Admiral Rockwell Tory]

If you earn enough after your full retirement age while collecting SS, you'll pay ordinary Fed tax on 85 percent of your benefit. For me that's about $4,000/yr. effectively reducing my monthly payment from $2324 to $1991. I can live with that.

That is not reducing your benefits. They are being taxed. There is a difference.

 

[Concerned American]

Why would we want people working longer?

To be productive? Who do you think pays for all of these giveaways that you are so eager to throw out there. I know in your senile reality, money grows on trees but that isn't the case ANYWHERE. SMH, ignorant fools.

 

[Admiral Rockwell Tory]

Why would we want people working longer?

The longer they work, the more they contribute to SS. You really need to get that dementia tested!

 

[initforme]

The longer they work, the more they contribute to SS. You really need to get that dementia tested!

30 years should suffice. Open those higher paying jobs up. A masd resignation! Beautiful.

 

[Admiral Rockwell Tory]

30 years should suffice. Open those higher paying jobs up. A masd resignation! Beautiful.

Increase the drain on already close to bankrupt SS system? You need a nap, Methusaleh!

 

[JohnDB]

Increase the drain on already close to bankrupt SS system? You need a nap, Methusaleh!

Bull hockey!

The drain comes from giving the SAME paycheck to a schmuck who barely pulled off ten years working as a person working 40+ years. The calculations come to the exact same....magically.

Everyone gets roughly 1900 whether they worked ten years or 40+....even illegal aliens who never paid taxes in their lives (and never will)

And the Government takes the money from you AND YOUR EMPLOYER at the point of a gun and threat of imprisonment for the money. AND if it was just put into a simple index fund that would pay miltiples more and leave something for their heirs.

But somehow....it doesn't work that way with the Government. They have OVERTAXED everyone to the point we live off crumbs and they expect us to be grateful for it.

 

[Woodznutz]

Yes....but you shouldn't have to. You paid taxes and worked DECADES paying into the Social Security system PLUS your employers ALSO PAID FOR YOU (more than you paid) into this system.
If just paid into a brokerage account to buy an index fund you would be a multi millionaire by now....you could pull $100k/yr and never worry about running out of money and leave your family a huge chunk of money when you passed on.

Which is why when SS is given to illegal immigrants WE the taxpayers get upset. It's OUR MONEY THEY ARE GIVING AWAY. But when it comes time for an increase in benefits they decry poverty as if they don't have enough to do it. But somehow they have enough to give people who never paid into the system (or ever want to) a bunch of our money?

That's called hypocrisy right there.

They have robbed you of opportunity and then robbed you to buy votes for themselves. They have robbed you by creating this ponzi scheme to begin with. Now they want to tax you on the crumbs of money leftover?

They claim that if you live two years after retirement you already get back more than you ever paid in. That's horseshit right there. A simple zero coupon bond pays out a $million for a $10k after 20 years. (I've worked over 40)

I don't want to hear how they got left a mess by previous Congresses....they can fix it easy and quick if motivated. Especially by politicians who are nothing more than paid, professional liars.

Trump campaigned on not taxing SS bennies, but I haven't heard anything about it since he was elected. However, if high earning retirees weren't taxed the SS Fund would go broke years sooner. The system didn't anticipate retirees living as long as we do.

 

[Meathead]

We will soon find out that most of it is mistaken and they will have to pay all those folks anyway.

But it does make for a good if momentary headline for tRump right when he needs it.

Which describes most of the "positive" news he gets.

You've gotta be kidding. He has had the most awesome week in presidential history in living memory.

Butthurt changes nothing.

 

[leftwinger]

That is not reducing your benefits. They are being taxed. There is a difference.

In General Admiral I would agree sir.

But, it is money taken from your pocket. It may arrive as SS then goes out TAX. Almost the same effect as receiving less.

There is bigger old age deduction in the new plan. $4000? In the 22% bracket you could save over $800 in tax owed?

 

[initforme]

Bull hockey!

The drain comes from giving the SAME paycheck to a schmuck who barely pulled off ten years working as a person working 40+ years. The calculations come to the exact same....magically.

Everyone gets roughly 1900 whether they worked ten years or 40+....even illegal aliens who never paid taxes in their lives (and never will)

And the Government takes the money from you AND YOUR EMPLOYER at the point of a gun and threat of imprisonment for the money. AND if it was just put into a simple index fund that would pay miltiples more and leave something for their heirs.

But somehow....it doesn't work that way with the Government. They have OVERTAXED everyone to the point we live off crumbs and they expect us to be grateful for it.

Same goes for emiyers offering $15 per hour and complain they cant get workers. Pretend to pay i pretend to work.

 

[Delldude]

Trump campaigned on not taxing SS bennies, but I haven't heard anything about it since he was elected. However, if high earning retirees weren't taxed the SS Fund would go broke years sooner. The system didn't anticipate retirees living as long as we do.

Thought I read something where they were raising taxable income level when you calculate how much you have to pay out of SS for additional income.

 

[leftwinger]

Bull hockey!

The drain comes from giving the SAME paycheck to a schmuck who barely pulled off ten years working as a person working 40+ years. The calculations come to the exact same....magically.

Everyone gets roughly 1900 whether they worked ten years or 40+....even illegal aliens who never paid taxes in their lives (and never will)

And the Government takes the money from you AND YOUR EMPLOYER at the point of a gun and threat of imprisonment for the money. AND if it was just put into a simple index fund that would pay miltiples more and leave something for their heirs.

But somehow....it doesn't work that way with the Government. They have OVERTAXED everyone to the point we live off crumbs and they expect us to be grateful for it.

Huh? They're may be a min payout? But your payback up to max $4K or so is based on your highest 35 years earnings. Everyone is not "the same".