Will Republicans end social security?

[hadit]

Where the money comes from has no bearing on whether it's a good investment. If employees want to do something with that money besides invest it with government approved vendors, that should be their right

It should be considered part of their total compensation package.

 

[Woodznutz]

Where the money comes from has no bearing on whether it's a good investment. If employees want to do something with that money besides invest it with government approved vendors, that should be their right

Whose inscription is on the coin?

 

[Failzero]

Trump went on at great length about the supposed scourge of the Social Security Administration wrongly paying retirement benefits to people listed in the agency’s system as well over 100 years old.

“A lot of money is paid out to people because it just keeps getting paid and paid and nobody ― it really hurts Social Security and hurts our country,” Trump said. “1.3 million people from ages 150 to 159 and over 130,000 people, according to the Social Security databases, are over 160 years old. We have a healthier country than I thought.”

The super elderly Social Security recipients myth got debunked last month

The fact that Trump still plowed ahead with the bogus story in his address to Congress and said Social Security is full of “probable fraud” could be a bad sign for the popular retirement program

Or it could buy the Program 25 more years ( rather than have it implode and be ammunition for a Marxist takeover )

 

[dblack]

Which would destroy the program

Of course thatIS the goal

Sure, but it's not the same as the fear mongering libs are cranking up.

The point is, unwinding SS could be done reasonably, without screwing over those who have paid in. I have no confidence that the Trump admin will do anything 'reasonable', but it is possible. And it would be far better than just letting it ride until it all collapses. If we do that, people will get screwed over.

 

[MarathonMike]

If any. If Elmo’s clowns could find them , why can’t he say whether any really drew benefits?

Do you think everything happens instantaneously? You are talking about a massive bureaucratic mess that has been built up over decades. How about give them some time?

 

[WorldWatcher]

SS is filled with huge fraud!

#1 "Huge" is a qualitative term not a quantitative term.

#2 SS Retirement is not filled with a "huge" amount of fraud. About 99.7% of monies paid are accurate.

#3 Musk/Trump claims millions over the age of 100 getting benefits (or imply it to get the cultists riled up). But the fact is that the SSA has procedures to automatically cut benefit payments at age 115. So no, there are no civil war era persons getting benefits like he said/implied.

#4 Musk/Trump claims millions over the age of 100 getting benefits (or imply it to get the cultists riled up). But he fact is that SS Retirement Benefits were paid in December 2024 to 89,106 people and the Trump Administration census of 2020 put the number of persons in the US over the age of 100 at about 92,000.


WW

 

[Lesh]

Do you think everything happens instantaneously? You are talking about a massive bureaucratic mess that has been built up over decades. How about give them some time?

And yet Elmo’s clowns (who actually have no experience in this area) made wild claims after spending a few hours rummaging through that massive bureaucracy

Hmmm

 

[WorldWatcher]

People who were forced to fund the program should get back the money they paid in plus reasonable interest. Other than that, young people should be "allowed" to opt out of the program and invest their money as they see fit.

I can agree. The transition will take 50-70 years.

Now explain how:

#1 Current benefits will be paid to existing and near retirement elder people since funding by young people that "opt out" will not be there to pay promised benefits?

#2 No take #1 for mid-career people that have already paid into SS, then opt out meaning they don't get benefits. I mean they "opt out" right? Opting out of having money deducted, means they opt out of benefits also. So they are going to rely on their own pension savings - so problem for them. However there taxes are funding #1. If they still opt in, then how are their benefits going to be paid in the long term.

#3 So what is your plan? If they opt out will there be a requirement for mandatory savings that is in a "lock box" account they can't access until retirement? Will people that opt out, spend their money (not a good idea BTW), and then are poor in old age just going to left to die in the streets or instead of getting SS Retirement they will get Welfare and Medicaid (for the poor).

See once you get beyond the "bumper sticker mentality" there are issued that have to be dealt with by thinking people.

WW

 

[MagicMike]

SS is filled with huge fraud!

That myth is already debunked

 

[dblack]

I can agree. The transition will take 50-70 years.

Something like that. Might be ways to speed that up, but a large part of the transition would be PR. People would need to know that government isn't going to take care of them in their dotage.

Now explain how:

#1 Current benefits will be paid to existing and near retirement elder people since funding by young people that "opt out" will not be there to pay promised benefits?

We'd probably need to increase taxes to cover the promised payback.

#2 No take #1 for mid-career people that have already paid into SS, then opt out meaning they don't get benefits.

Most transition proposals include either partial payback for those who opt out midstream. Or just not letting people opt out midstream to avoid the complication.

#3 So what is your plan?

There are lots of different plans. I don't have one myself.

See once you get beyond the "bumper sticker mentality" there are issued that have to be dealt with by thinking people.

Bumper sticker mentality? Like "OMG - Republicans are going to steal your retirement!!!!"?

 

[Failzero]

Something like that. Might be ways to speed that up, but a large part of the transition would be PR. People would need to know that government isn't going to take care of them in their dotage.

We'd probably need to increase taxes to cover the promised payback.

Most transition proposals include either partial payback for those who opt out midstream. Or just not letting people opt out midstream to avoid the complication.

There are lots of different plans. I don't have one myself.

Bumper sticker mentality? Like "OMG - Republicans are going to steal your retirement!!!!"?

Or Illegal Aliens are stealing Social Security

 

[MarathonMike]

#2 SS Retirement is not filled with a "huge" amount of fraud. About 99.7% of monies paid are accurate.

What is this accuracy statistic of 99.7% based upon? I've never seen any data that touts that number.

 

[jc456]

Trump went on at great length about the supposed scourge of the Social Security Administration wrongly paying retirement benefits to people listed in the agency’s system as well over 100 years old.

“A lot of money is paid out to people because it just keeps getting paid and paid and nobody ― it really hurts Social Security and hurts our country,” Trump said. “1.3 million people from ages 150 to 159 and over 130,000 people, according to the Social Security databases, are over 160 years old. We have a healthier country than I thought.”

The super elderly Social Security recipients myth got debunked last month

The fact that Trump still plowed ahead with the bogus story in his address to Congress and said Social Security is full of “probable fraud” could be a bad sign for the popular retirement program

you know it's false? post the receipt. I'll play.

 

[jc456]

What is this accuracy statistic of 99.7% based upon? I've never seen any data that touts that number.

don't you know, demofks know fking everything about everything. They don't need receipts. Their word is good. Ask them.

 

[MarathonMike]

And yet Elmo’s clowns (who actually have no experience in this area) made wild claims after spending a few hours rummaging through that massive bureaucracy

Hmmm

The clown show was your Democrats last night acting like spoiled babies while Trump delivered a great pro-American speech.

 

[WorldWatcher]

Something like that. Might be ways to speed that up, but a large part of the transition would be PR. People would need to know that government isn't going to take care of them in their dotage.

We'd probably need to increase taxes to cover the promised payback.

Most transition proposals include either partial payback for those who opt out midstream. Or just not letting people opt out midstream to avoid the complication.

There are lots of different plans. I don't have one myself.

Bumper sticker mentality? Like "OMG - Republicans are going to steal your retirement!!!!"?

Actually thank you. Honest replies. That's appreciated.

Regarding "partial payback". First I've never seen this in a proposal. Would this "partial back":

• Be only the Employee base portion?
• Both the Employee and Employer base portion?
• Or would it be one of those but with interest? What interest rate and compounded how often?

Since current revenues pay current benefits, those revenues couldn't be used for the "payback" so where would the money come from to pay the payback? Or would it just be added to the debt?

WW

 

[WorldWatcher]

What is this accuracy statistic of 99.7% based upon? I've never seen any data that touts that number.

It comes from Kathleen Romig Director of Social Security and Disability Policy.

https://www.cbpp.org/blog/setting-the-record-straight-on-social-security

SInce Musk/Trump claim their are millions over the age of 100 receiving benefits when in actually the number of 100+ people receiving benefits were 89,106 and the census had a little over 90,000 people in the US over 100. She's probably pretty close.

WW

 

[John Edgar Slow Horses]

Trump went on at great length about the supposed scourge of the Social Security Administration wrongly paying retirement benefits to people listed in the agency’s system as well over 100 years old.

“A lot of money is paid out to people because it just keeps getting paid and paid and nobody ― it really hurts Social Security and hurts our country,” Trump said. “1.3 million people from ages 150 to 159 and over 130,000 people, according to the Social Security databases, are over 160 years old. We have a healthier country than I thought.”

The super elderly Social Security recipients myth got debunked last month

The fact that Trump still plowed ahead with the bogus story in his address to Congress and said Social Security is full of “probable fraud” could be a bad sign for the popular retirement program

The MAGAliars have not given any evidence.

Without real facts, MAGA, we know you are lying.

 

[sartre play]

If a person doesn't make enough money to live well then they should get another job or work harder or work smarter. I have no sympathy for people that are so unproductive as to live their lives making a minimal wage. I certainly should not have to pay their bills, should you?

However, the best way for anybody in poverty to get out of it is to stop voting for Democrats and Liberals that screw up the economy with big government. Then there would be more higher paying jobs.

As an example since this jackass Obama has been President poverty has increased, welfare increased and family income decreased. Good paying jobs are fleeing overseas and our manufacturing base has been decimated. Thanks to Obama's economic policies the only jobs left are flipping burgers. The dumbass couldn't even achieve a dismal 3% GDP growth in eight years of being President. He thinks redistribution of income and wealth somehow magically creates prosperity and he has been wrong.

If the filthy ass government would get out of the business of telling people how to run their lives and stop taking money out of the productive economy for the welfare state there would be plenty of high paying jobs for anybody willing to work because the economy would be booming.

Liberalism screws up everything.

You do realize that some one has to do those lower paying jobs?
You do realize that not everyone's goal is getting rich.
Some people want to spend more time raising their childern, or spending more time with family.
ITS AMERICA. Do we not want to help take care of our older population when they can no longer work?
OR go back to the good old days, where you work till you drop?

 

[OhPleaseJustQuit]

Trump went on at great length about the supposed scourge of the Social Security Administration wrongly paying retirement benefits to people listed in the agency’s system as well over 100 years old.

“A lot of money is paid out to people because it just keeps getting paid and paid and nobody ― it really hurts Social Security and hurts our country,” Trump said. “1.3 million people from ages 150 to 159 and over 130,000 people, according to the Social Security databases, are over 160 years old. We have a healthier country than I thought.”

The super elderly Social Security recipients myth got debunked last month

The fact that Trump still plowed ahead with the bogus story in his address to Congress and said Social Security is full of “probable fraud” could be a bad sign for the popular retirement program

.



"scourge"






.