C_Clayton_Jones
Diamond Member
Correct.And the defeatism about Americaās retirement plan is getting worse (or, if you consider Social Security akin to communism and want to destroy it, better). The survey shows a big bump compared with last year in the number of people who expect to have to keep working in retirement because Social Security wonāt be able to support them, and a big bump in the numbers planning to start claiming benefits early even while working. Some 42% now plan to file for benefits early, up from 36% just a year ago.
If you figure the system is about to go broke, youād want to start claiming as soon as possible so you at least get something, right? Especially if you are genuinely worried you wonāt see āa dimeā of the benefits youāve earned.
The propaganda scam against Social Security is proving to be a master class. It is and has always been a massively popular government program, right from when it was started. Politicians used to call Social Security the third rail of American politics: āTouch it and die.ā So how do you persuade people to kill off a popular program? Simple: You persuade them itās already dead!
Genius!
This is how people like senators Lindsey Graham and Mitt Romney can hold out the prospect of cutting back on Social Security benefits if their party wins the midterm elections and apparently nobody cares.
After all, itās already dead, right?
(There is something especially ironic about being told that Social Security canāt be saved by a multi, multimillionaire senator who pays 14% tax, while people busing tables pay 15.3% FICA, plus whatever in income tax.)
Social Security can easily be fixed, by simply raising the salary on contributions, and means testing. Don't let the Marie Antoinettes try to convince you otherwise.
There are ways Social Security Retirement can be maintained, such as making the program means-tested.