Why Do Democrats Want Social Security To Go Bankrupt?

[Independentthinker]

Democrats have done absolutely nothing to save social security from going bankrupt, which is expected to happen by 2035. When Republicans talk about solutions to shore up the program so that it doesn't go bankrupt, Democrats attack Republicans, claiming that Republicans want to get rid of social security. But, Republicans are not the ones standing idly by waiting for the program to go bankrupt. They're actually trying to figure out ways to save it. So, why do Democrats want Social Security to go bankrupt?

 

[Paleman]

Democrats have done absolutely nothing to save social security from going bankrupt, which is expected to happen by 2035. When Republicans talk about solutions to shore up the program so that it doesn't go bankrupt, Democrats attack Republicans, claiming that Republicans want to get rid of social security. But, Republicans are not the ones standing idly by waiting for the program to go bankrupt. They're actually trying to figure out ways to save it. So, why do Democrats want Social Security to go bankrupt?

Simple, it gives them the opportunity to blame the Repubs for their own failures.

 

[okfine]

Democrats have done absolutely nothing to save social security from going bankrupt, which is expected to happen by 2035. When Republicans talk about solutions to shore up the program so that it doesn't go bankrupt, Democrats attack Republicans, claiming that Republicans want to get rid of social security. But, Republicans are not the ones standing idly by waiting for the program to go bankrupt. They're actually trying to figure out ways to save it. So, why do Democrats want Social Security to go bankrupt?

When are the Republicans going to end SS?

 

[kyzr]

When are the Republicans going to end SS?

DUH, SS won't ever gp bankrupt, but earned benefits could be reduced to 70% unless SS is "fixed"

Why didn't the dems fix SS & Medicare?

 

[okfine]

DUH, SS won't ever gp bankrupt, but earned benefits could be reduced to 70% unless SS is "fixed"

Why didn't the dems fix SS & Medicare?

Did I say "bankrupt?"

 

[okfine]

OP must have been watching Rick Scott on MSNBC today.

 

[Admiral Rockwell Tory]

DUH, SS won't ever gp bankrupt, but earned benefits could be reduced to 70% unless SS is "fixed"

Why didn't the dems fix SS & Medicare?

SS and Medicare will just be funded out of the general fund if the taxes are not raised. There is not a politician out there that would survive cutting benefits. That will just make the national debt higher!

 

[DGS49]

Social Security will NEVER GO BANKRUPT. Seriously. Erase that thought from your head.

Regardless of who controls Congress in the coming years, Congress will pass changes to the SS funding that will enhance the revenue stream (probably remove the cap on earnings subject to the tax). Other options are on the table, but won't have as much impact. NOTHING DONE BY CONGRESS will reduce payments to any retired person. AT WORST, the future cost-of-living adjustments may be less generous.

If you are "young" and are worried that SS will not be there for you, you can take comfort in the knowledge that it will always be there. However, it will not be enough to live a middle-class life...just like now. You will have to have some other pension or savings (or both) if you want to live a middle-class life.

The "problem" with SS is that it is unconstitutional, and because of that Congress had to cook up a "risky scheme" to fund it. It was not going to be funded by income taxes or other Federal revenues - which would have made it unconstitutional and killed it in the womb, so to speak.

So they cooked up a "Trust Fund" to be perpetually replenished by PAYROLL TAXES from working Americans. Some take the position that the trust fund is just an accounting gimmick, but remember, that's what kept it from being unconstitutional. If nothing is done about it, the trust fund will run dry shortly after 2030. If "we" decide to keep it, then Congress will have to enhance SS revenues, probably by eliminating the cap on earnings subject to the Payroll tax. But regardless, Congress will never let SS run dry. Old bastards like me always vote, and any congress-person voting to cut payments would be run out of Washington on a rail. A few Republicans have suggested that "we" kill the trust fund and just budget SS like everything else and forget about the depletion of this imaginary fund. Democrats, of course, take that suggestion and use it to try to frighten old people about their SS being cut.

Don't worry; be happy.

 

[MarathonMike]

Democrats have done absolutely nothing to save social security from going bankrupt, which is expected to happen by 2035. When Republicans talk about solutions to shore up the program so that it doesn't go bankrupt, Democrats attack Republicans, claiming that Republicans want to get rid of social security. But, Republicans are not the ones standing idly by waiting for the program to go bankrupt. They're actually trying to figure out ways to save it. So, why do Democrats want Social Security to go bankrupt?

Every single thing the Democrats do or don't do makes perfect sense when you realize what is their true goal. They want China installed as the global superpower and the US reduced to their subservient customers who buy everything they produce and provide whatever resources they need.

 

[Independentthinker]

Every single thing the Democrats do or don't do makes perfect sense when you realize what is their true goal. They want China installed as the global superpower and the US reduced to their subservient customers who buy everything they produce and provide whatever resources they need.

That worked out well during the pandemic, didn't it? LOL

 

[Kondor3]

The only way out of the present dilemma will be to conjure a multi-generational solution of some kind.

Something that completely funds existing commitments and which provides a transition to some kind of replacement for younger people already vested.

But that replacement scheme is going to have to be good - attractive enough to gain the support of young folks newly-entered into the workforce.

Converting Social Security and Medicare into "legacy programs" would be expensive and would require political courage only rarely seen in our history.

In the interim, maybe we can build fewer aircraft carriers or close marginally-useful overseas military bases or tax multi-national corporations and the like.

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By the way... given Democrat inaction on this score... why didn't the Republicans "fix" Social Security and Medicare on THEIR watch? Unimaginative? Afraid?

 

[flan327]

Simple, it gives them the opportunity to blame the Repubs for their own failures.

Democrats SAVED America

 

[flan327]

DUH, SS won't ever gp bankrupt, but earned benefits could be reduced to 70% unless SS is "fixed"

Why didn't the dems fix SS & Medicare?

Because NEITHER ONE is “broken…”

 

[22lcidw]

Democrats SAVED America

The men and women who came here before the mid 1960's legislations or so were not pussies. And they have looked that way. What is happening now is done on purpose to destroy us. And people just laugh it off.

 

[kyzr]

Did I say "bankrupt?"

1. Repubs are NOT going to end SS. SS will ALWAYS pay at least 78% of promised benefits. It can't be "ended".
2. My question is "why don't democrats fix SS & Medicare while they have majorities?"

 

[kyzr]

Because NEITHER ONE is “broken…”

Duh, Medicare will be bankrupt shortly, and SS will not pay promised benefits in 2034.
That says, yes they are "broken" and need to be fixed ASAP.

I'm glad that brain-damaged Fetterman is in the Senate instead of that brilliant surgeon Dr. Oz to fix Medicare.

 

[kyzr]

The only way out of the present dilemma will be to conjure a multi-generational solution of some kind.
Something that completely funds existing commitments and which provides a transition to some kind of replacement for younger people already vested.
But that replacement scheme is going to have to be good - attractive enough to gain the support of young folks newly-entered into the workforce.
Converting Social Security and Medicare into "legacy programs" would be expensive and would require political courage only rarely seen in our history.
In the interim, maybe we can build fewer aircraft carriers or close marginally-useful overseas military bases or tax multi-national corporations and the like.

Your post seems to assume that SS & Medicare are not "fixable", i.e. beyond repair.
1. SS is easily "fixed", just google "social security fixes"
2. Medicare is a tougher fix, but there are fixes to pick from. Google "Medicare fixes". Medicare is the more urgent fix, time is short.

 

[sartre play]

Unless we magically become a nation of savers, SOCIAL SECURITY will continue to be necessary to keep older people from living on the street or collecting help from what ever social programs are available.

 

[flan327]

The men and women who came here before the mid 1960's legislations or so were not pussies. And they have looked that way. What is happening now is done on purpose to destroy us. And people just laugh it off.

Why are you so PARANOID?

Please see a psychiatrist

 

[Woodznutz]

The only way out of the present dilemma will be to conjure a multi-generational solution of some kind.

Something that completely funds existing commitments and which provides a transition to some kind of replacement for younger people already vested.

But that replacement scheme is going to have to be good - attractive enough to gain the support of young folks newly-entered into the workforce.

Converting Social Security and Medicare into "legacy programs" would be expensive and would require political courage only rarely seen in our history.

In the interim, maybe we can build fewer aircraft carriers or close marginally-useful overseas military bases or tax multi-national corporations and the like.

---------

By the way... given Democrat inaction on this score... why didn't the Republicans "fix" Social Security and Medicare on THEIR watch? Unimaginative? Afraid?

Actually, it doesn't need fixing yet. Both parties are using fear-mongering over it however.