Yet another GOPer admits they want to kill Medicare and SS

[Eriech]

And force seniors to eat dog food. If you’re going to bring up classic fear-mongering go all out

Seniors can't afford nor find dog food in many cases currently

 

[Nickyjo]

It's killing itself. The "trust fund" is projected to be exhausted in 10-15 years according to the Trustees. Republicans are trying to "kill" anything, they're trying to find solutions.

Social Security and Medicare have been on conservative death watch for quite a while. Face it, they tend not to like government programs that don't involve putting people in jail at home and blowing them up overseas. But I'm game. By now they have come to accept these programs that they disparaged back in the day, even the ACA. So what are the solutions they propose?

 

[Gaius46]

Killing it isn't a solution. It's underfunded because rich people don't have to pay taxes on it over $75, 000 in income. That should end and they should have to pay their full income share.\

Privatingit it or putting it on Wall Street also isn't a solution.

It’s actually $147,000 in 2022.

(And 75K a year doesn’t make one rich. Where i live that makes you lower middle vlass at best)

 

[Port & Starboard]

They have wanted to destroy Social Security and Medicare for many decades.

Another lie that generates likes from your sycophants.

Strengthening Social Security

President's vision to modernize and reform Social Security. Discusses allowing individuals to keep some of their payroll taxes in personal retirement accounts to provide for their own retirement security.

georgewbush-whitehouse.archives.gov

• President Bush has pledged to work with Congress to find the most effective combination of reforms. He will listen to any good idea that does not include raising payroll taxes.
  
  • Fixing Social Security permanently requires a candid review of the options.
  • Over the years, many people from both parties have offered suggestions such as limiting benefits for wealthy retirees, indexing benefits to prices, instead of wages; increasing the retirement age; or changing the benefit formula to create disincentives for early retirement. All of these options are on the table.

 

[CaughtInThe]

You paying someone else's retirement with the "promise" someone will pay yours is the ultimate ponzi scheme. This isn't some spoiled brats - who'd mostly be Dems; these are the Trustees of the system.

and having no safety net, less than a hundred years after this, is brain dead stupid.

but i get why Republicans label it the way they do. it's a sales job.

 

[Napoleon]

Killing it isn't a solution. It's underfunded because rich people don't have to pay taxes on it over $75, 000 in income. That should end and they should have to pay their full income share.\

Privatingit it or putting it on Wall Street also isn't a solution.

No. Its underfunded because these programs were designed around the life expectancy being such that most people would be dead before they could ever collect a dime. Social Security was never designed or intended to be the primary source of income for anyone with decades of life ahead of them.

 

[Lisa]

It’s actually $147,000 in 2022.

(And 75K a year doesn’t make one rich. Where i live that makes you lower middle vlass at best)

$147K in income is not rich in major metropolitican areas. That wont pay for living expenses and an apartment in NYC, SF, LA, SF and Boston, among other large cities. It would be very different in DeMoines, Akron or Wichita

 

[ttwtt78640]

Making stuff up would be if there was no cap. As it is, he just got the cap number wrong.

But you knew that.

Yep, much like saying that you can’t by an AR15 from a FFL dealer until you are at least 8 years old. Only the number was wrong.

BTW, he was a she. But you knew that.

 

[Lisa]

Yep, much like saying that you can’t by an AR15 from a FFL dealer until you are at least 8 years old. Only the number was wrong.

BTW, he was a she. But you knew that.

You seem very angry. Should AR-15s be issued to students when they get their magnetic strip ID, or just the non-LGBT students, because that is the way that your god wants it?

 

[Helix]

Another lie that generates likes from your sycophants.

Strengthening Social Security

President's vision to modernize and reform Social Security. Discusses allowing individuals to keep some of their payroll taxes in personal retirement accounts to provide for their own retirement security.

georgewbush-whitehouse.archives.gov

• President Bush has pledged to work with Congress to find the most effective combination of reforms. He will listen to any good idea that does not include raising payroll taxes.
  
  • Fixing Social Security permanently requires a candid review of the options.
  • Over the years, many people from both parties have offered suggestions such as limiting benefits for wealthy retirees, indexing benefits to prices, instead of wages; increasing the retirement age; or changing the benefit formula to create disincentives for early retirement. All of these options are on the table.

I stand by my statement.

 

[Geoist]

The "trust fund" is projected to be exhausted in 10-15 years according to the Trustees.

However, the recent 2021 Social Security Trustees report finds that in 2034, retirees will start receiving a reduced benefit if Congress doesn't fix funding issues for the social program. In other words, Social Security will exist after 2034, but retirees will only receive 78% of their full benefit starting then.

Will Social Security run out of money? Here's what could happen to your benefits if Congress doesn't act

The Social Security Trustee's 2021 Report forecasted that starting in 2034, retirees will only receive a portion of their benefits.

www.cnbc.com

 

[Bear5131]

So you want a Veruca Salt resolution.

It will come to fruition about in the same way Veruca's wish came true.

That's why I smoke I want the younger generation to pay thousands and thousands of dollars for my hospital bills in my old age,I will get my money worth one way or another

 

[less right]

Yep, much like saying that you can’t by an AR15 from a FFL dealer until you are at least 8 years old. Only the number was wrong.

BTW, he was a she. But you knew that.

I would have if I bothered to read who you were responding to and instead of what.

But you're right, I should have known that if I was going to reference the poster. Thanks for not accusing me of making him/her up.

 

[Razoo]

They want to privatize complete with tax dollars attached thus a sweet windfall = tax haters love tax dollars.

 

[Bullseye]

However, the recent 2021 Social Security Trustees report finds that in 2034, retirees will start receiving a reduced benefit if Congress doesn't fix funding issues for the social program. In other words, Social Security will exist after 2034, but retirees will only receive 78% of their full benefit starting then.

Will Social Security run out of money? Here's what could happen to your benefits if Congress doesn't act

The Social Security Trustee's 2021 Report forecasted that starting in 2034, retirees will only receive a portion of their benefits.

www.cnbc.com

Yep, that's what I said above.

 

[Bullseye]

and having no safety net, less than a hundred years after this, is brain dead stupid.

but i get why Republicans label it the way they do. it's a sales job.

A "safety net" with its assets declining isn't much of a net.

 

[Bullseye]

Social Security and Medicare have been on conservative death watch for quite a while. Face it, they tend not to like government programs that don't involve putting people in jail at home and blowing them up overseas. But I'm game. By now they have come to accept these programs that they disparaged back in the day, even the ACA. So what are the solutions they propose?

This has nothing to do with conservatives; this is coming from eh people that run the programs, based on demographics and mathematics.

 

[Geoist]

Yep, that's what I said above.

No, you said the fund would be exhausted.

 

[Bear5131]

And the reason Republicans call it a Ponzi scheme is because they're trying to get rid of it which is brain-dead stupid. It's literally been less than 100 years since the economic catastrophe that made people burn their couches and commit suicide.

But that's what you get when you have a bunch of spoiled brats who didn't have to live through hard times.

It's a ponzi scam because the average life expectancy when started was 58 years old for men and the retirement age was 65 years old, today its 76 years old and for generation X and younger the retirement age is 67 years old.

Does and liberals see the problem here? SS was betting the majority of people died and only available for a miniscule of the rest.

Today SS and Medicare cost over 2 trillion dollars a year and climbing its unsustainable.



Life Expectancy for Social Security
Life expectancy at birth in 1930 was indeed only 58 for men and 62 for women, and the retirement age was 65.
https://www.ssa.gov › lifeexpect

life expectancy at age 65 - Social Security History​

In 2020, the cost of the Social Security and Medicare programs was $2.03 trillion. The majority of Social Security and Medicare funding comes from tax revenue and interest on trust fund reserves. For 2020, income for these programs was $2.02 trillion.

https://datalab.usaspending.gov › cat...

Federal Spending by Category | U.S. Treasury Data Lab - USAspending​

 

[less right]

You seem very angry. Should AR-15s be issued to students when they get their magnetic strip ID, or just the non-LGBT students, because that is the way that your god wants it?

I have to say, I did not see that coming.

 

[Bullseye]

No, you said the fund would be exhausted.

Which it will, and benefits with be apportioned by current income.

 

[Geoist]

Which it will

Not in the ten years you initially claimed. And it would only be 'exhausted' if we continue to give the rich the tax breaks the GQP loves to hand out like candy.

 

[poweRob]

It's a ponzi scam because the average life expectancy when started was 58 years old for men and the retirement age was 65 years old, today its 76 years old and for generation X and younger the retirement age is 67 years old.

Does and liberals see the problem here? SS was betting the majority of people died and only available for a miniscule of the rest.

Today SS and Medicare cost over 2 trillion dollars a year and climbing its unsustainable.



Life Expectancy for Social Security
Life expectancy at birth in 1930 was indeed only 58 for men and 62 for women, and the retirement age was 65.
https://www.ssa.gov › lifeexpect

life expectancy at age 65 - Social Security History​

In 2020, the cost of the Social Security and Medicare programs was $2.03 trillion. The majority of Social Security and Medicare funding comes from tax revenue and interest on trust fund reserves. For 2020, income for these programs was $2.02 trillion.
View attachment 67396767
https://datalab.usaspending.gov › cat...

Federal Spending by Category | U.S. Treasury Data Lab - USAspending​

Thank you for admitting that you don't know what a ponzi scheme is.

 

[Bear5131]

Thank you for admitting that you don't know what a ponzi scheme is.

Uhm Einstein that is the definition of a ponzi scam the first people collecting Social Security, them or their employer didn't pay in a dime

The US government bets you will die before you collect

 

[poweRob]

Uhm Einstein that is the definition of a ponzi scam the first people collecting Social Security, them or their employer didn't pay in a dime

The US government bets you will die before you collect

Bullshit.

1. A ponzi scheme has to have an intent to defraud.
2. Liberals fight to lower the age to access SS Republicans fight to raise the age

Therefore the only possible intent to defraud would be coming from the republicans who want to raise the age of access to SS.