What do You Think About the Social Security Expansion bill?

[JimBowie1958]

I am all for it. Social security receipts have been hit hard by the growing black labor market and stagnant worker wages (SS is paid mostly by workers as it caps at around $130,000 in income).

Also longer living people have drawn more from Social Security than originally planned.

So this bill raises the SS tax a little bit, from around 6% to just over 7%, removes the income cap on the tax, and also expands benefits a little bit to adjust for lower worker incomes over the last 40 years.

Social Security expansion bill poised to gain traction in Congress

The bill also would gradually increase the payroll contribution by workers and employers to 7.4 percent each by 2043 from 6.2 percent (to 14.8 percent altogether from the current 12.4 percent).

Social Security recipients also would benefit, getting an increase of about 2 percent of average benefits. And, the yearly cost-of-living adjustment — called COLA — would use a different formula to determine annual bumps intended to more accurately reflects rising costs for older Americans.

Additionally, the bill also would create a new minimum benefit set at 125 percent of the poverty line and take other steps to ease financial pressure on retirees, including doubling the amount of Social Security income that isn’t subject to taxation.

The end result would be extended solvency for the program for 75 years, according to Social Security’s Office of the Chief Actuary.​

 

[Oddball]

Ponzi scheme....Should be abolished altogether.

 

[Marion Morrison]

Social Security IS a Ponzi sceme.

 

[MindWars]

I am all for it. Social security receipts have been hit hard by the growing black labor market and stagnant worker wages (SS is paid mostly by workers as it caps at around $130,000 in income).

Also longer living people have drawn more from Social Security than originally planned.

So this bill raises the SS tax a little bit, from around 6% to just over 7%, removes the income cap on the tax, and also expands benefits a little bit to adjust for lower worker incomes over the last 40 years.

Social Security expansion bill poised to gain traction in Congress

The bill also would gradually increase the payroll contribution by workers and employers to 7.4 percent each by 2043 from 6.2 percent (to 14.8 percent altogether from the current 12.4 percent).

Social Security recipients also would benefit, getting an increase of about 2 percent of average benefits. And, the yearly cost-of-living adjustment — called COLA — would use a different formula to determine annual bumps intended to more accurately reflects rising costs for older Americans.

Additionally, the bill also would create a new minimum benefit set at 125 percent of the poverty line and take other steps to ease financial pressure on retirees, including doubling the amount of Social Security income that isn’t subject to taxation.

The end result would be extended solvency for the program for 75 years, according to Social Security’s Office of the Chief Actuary.​

It's a scam bank on it. some where it will funnel money right into the democrats pockets guarantee it!! We are going broke ran out of SS but suddenly we will have funds to do it this way Nawwww something is wrong with this bull shit and you can bet it has to do with these illegal ffkrs too.

 

[Billy_Kinetta]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

 

[Mr Natural]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

Damn right!

 

[JimBowie1958]

I really hope that this turns out well and is not used for a partisan shit flinging grudge match

 

[Tax Man]

Republicans use the trust fund like a piggy bank.

 

[Natural Citizen]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

Yeah, getting rid of it gradually is practical. Let young people opt-out and let the old-timers get theirs.

It's not gonna be there for the young people anyway.

 

[JimBowie1958]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

Yeah, getting rid of it gradually is practical. Let young people opt-out and let the old-timers get theirs.

It's not gonna be there for the young people anyway.

Well it could be there, but it sure wont be if people lose faith in the Soup Stone.

 

[Biff_Poindexter]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

Yeah, getting rid of it gradually is practical. Let young people opt-out and let the old-timers get theirs.

It's not gonna be there for the young people anyway.

it wont be there if conservatives have their way.....

 

[Blues Man]

SS will never be gotten rid of, unfortunately, but anyone with half a brain knows not to include future SS payments into their retirement strategy.

 

[Natural Citizen]

For starters - mess with the Boomers and they will gut you like a fresh caught trout. We were forced into this socialist Ponzi game, and we want our return, such as it is.

After we go, you can screw it up however you like.

Yeah, getting rid of it gradually is practical. Let young people opt-out and let the old-timers get theirs.

It's not gonna be there for the young people anyway.

it wont be there if conservatives have their way.....

It's the Federal Reserve, man. End that mofo. Like yesterday.

The inflation rate far exceeds the 2% or so increase on the SS. That's not even counting what the feds take from it for general revenues.

It's both sides of the party of one, dude.