That is true.But including the employers contribution which is the EMPLOYEES money, the potential Social Security recipient pays 15%. That is not a couple of percent. from total wages. So in affect the government is just taxing us extra to pay for today's spending and all of their grandoise agendas.I’m 73 years old and I receive a monthly check for $2,229. It is in my view the most successful government program ever enacted. Today the Republicon’s are trying to find a way to get their hands on this money for self-serving reasons.
Our federal government has borrowed over a trillion dollars from the SSTF and still the SSA has a positive balance of $2,852 billion.
The Social Security trust funds are financial accounts in the U.S. Treasury. There are two separate Social Security trust funds, the Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement and survivors benefits, and the Disability Insurance (DI) Trust Fund pays disability benefits.
Social Security: The Trust Funds
Updated June 29, 2022
Projections show the OASI fund remaining solvent until 2034,
whereas the DI fund is projected to remain solvent throughout the 75-year projection period
The Trustees project that the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay full benefits on a timely basis until 2034
The accumulated holdings of the Social Security trust funds totaled $2,852 billion at the end of calendar year 2021.
https://sgp.fas.org/crs/misc/RL33028.pdf
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When the White House deleted the Tweet about Social Security increase because of Biden leadership, they violated FOIA laws
- Thread starter ColonelAngus
- Start date
Resnic
Diamond Member
- May 2, 2021
- 12,136
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The White House cannot destroy anything they publish. FOIA violation.
This admin has no respect for any laws.
White House Deletes Misleading Tweet Giving Biden Credit For Social Security Check Raise
The claim prompted a fact-check from Twitter noting Social Security rate increases are actually automatic—which Musk quickly hyped.www.forbes.com
How should this be handled?
Well Biden was talking about how he got seniors their biggest social security payout, but he forgot to mention social security increases with inflation by law. It's written into social security.
So basically he just said "seniors get higher social security because I created inflation".
Most laws do not apply to Democrats as we have seen over the last several years.The White House cannot destroy anything they publish. FOIA violation.
This admin has no respect for any laws.
White House Deletes Misleading Tweet Giving Biden Credit For Social Security Check Raise
The claim prompted a fact-check from Twitter noting Social Security rate increases are actually automatic—which Musk quickly hyped.
How should this be handled?
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