Can Trump Be Trusted With Social Security?

[DGS49]

When you consider the huge number and percentage of Americans who are either drawing Social Security or expect to be doing so as a critical part of their retirement plan, it is astounding how ignorant "we" are about this important program.

The use of the term, "entitlement" is generally shunned when speaking about Social Security, for a number of reasons, including one valid one: Social Security is OFF BUDGET!!!!! It is separately funded by a "payroll tax," which goes into a virtual "trust fund," from which benefits are paid. Even if the trust fund were depleted, benefits would still be paid out on a pay-as-you-go basis, providing about 80% of current payments. IN NO CASE would general federal funds go to SS recipients to supplement payments out of the trust fund. This is because Congress HAS NO POWER to create or fund a compulsory retirement program under the document we laughingly call our "Constitution."

So when President Trump or any other politicians talk about scaling back "entitlements," unless they are stupid or lying, SS is not a part of that discussion.

The writer of the linked article is either a liar or an ignorant bastard with an agenda. That's all you need to know about the article.

 

[BluesLegend]

Democrats stole our Social Security contributions, spent it on other crap and gave us worthless IOU's they have no means of paying back now. That's just for starters.

 

[BS Filter]

SSI and such programs increase the quality of life in this country greatly. Becoming a third world country isn't the way to go and Trump seems to think becoming a central american shit hole is the goal. how disgusting.

You're confused. Biden is the open border guy, not Trump.

 

[Robert W]

Donald Trump Suggests Cutting Retirement Programs In Incoherent Ramble

The former president said there's "a lot you can do in terms of entitlements, in terms of cutting," but his answer mostly made no sense.

www.huffpost.com

Hard to tell what he talking about CUTTING here but it doesn’t sound good.

Do you trust him?

Hard to tell by your post what you are talking about.

 

[BS Filter]

When you consider the huge number and percentage of Americans who are either drawing Social Security or expect to be doing so as a critical part of their retirement plan, it is astounding how ignorant "we" are about this important program.

The use of the term, "entitlement" is generally shunned when speaking about Social Security, for a number of reasons, including one valid one: Social Security is OFF BUDGET!!!!! It is separately funded by a "payroll tax," which goes into a virtual "trust fund," from which benefits are paid. Even if the trust fund were depleted, benefits would still be paid out on a pay-as-you-go basis, providing about 80% of current payments. IN NO CASE would general federal funds go to SS recipients to supplement payments out of the trust fund. This is because Congress HAS NO POWER to create or fund a compulsory retirement program under the document we laughingly call our "Constitution."

So when President Trump or any other politicians talk about scaling back "entitlements," unless they are stupid or lying, SS is not a part of that discussion.

The writer of the linked article is either a liar or an ignorant bastard with an agenda. That's all you need to know about the article.

Democrats have been trotting out this bullshit every election year since Social Security began.

 

[buckeye45_73]

Benedict Donald wants his flock to think of entitlements as welfare or some kind of hand out, not something that those who've paid into the system their entire lives are entitled too!

That would be fine, except the democrats who had the house from the 50s to the 90s used the surplus to cover up the debt, it's now standard procedure, so the dems fucked it way more than the GOP could have ever dreamed of

 

[surada]

Like energy independence? Low inflation, low interest rates, tax cuts for all? Are you talking about those menacing decisions?

He just lied about energy independence. Never happened.

 

[The Irish Ram]

SSI and such programs increase the quality of life in this country greatly. Becoming a third world country isn't the way to go and Trump seems to think becoming a central american shit hole is the goal. how disgusting.

Just the opposite. Dem run states and cities have literally turned into shit holes. You need maps to avoid the shit now...

 

[buckeye45_73]

Donald Trump Suggests Cutting Retirement Programs In Incoherent Ramble

The former president said there's "a lot you can do in terms of entitlements, in terms of cutting," but his answer mostly made no sense.

www.huffpost.com

Hard to tell what he talking about CUTTING here but it doesn’t sound good.

Do you trust him?

We keep hearing this, I have never seen a GOP President SLASH social security, in fact democrats have talked about means testing and raising the retirement age.

If cutting Social Security is a scandal, then Biden did it first

If raising the retirement age is a cut in Social Security benefits, as Biden says it is, then he did it first.

thehill.com

 

[Robert W]

Donald Trump Suggests Cutting Retirement Programs In Incoherent Ramble

The former president said there's "a lot you can do in terms of entitlements, in terms of cutting," but his answer mostly made no sense.

www.huffpost.com

Hard to tell what he talking about CUTTING here but it doesn’t sound good.

Do you trust him?

It sounds like a Russian phony report. I question Trump even said that.

First tip off is it came from CNN and the Huffington Post.

 

[The Irish Ram]

He just lied about energy independence. Never happened.

It certainly did. Which is why we had affordable gas and groceries. We are oil beggers now...

 

[Robert W]

SSI and such programs increase the quality of life in this country greatly. Becoming a third world country isn't the way to go and Trump seems to think becoming a central american shit hole is the goal. how disgusting.

Why if you like the programs do they pay millions of old people way under the level of poverty? I have never read a Democrat ask for higher incomes for those on SSI.

 

[katsteve2012]

Donald Trump Suggests Cutting Retirement Programs In Incoherent Ramble

The former president said there's "a lot you can do in terms of entitlements, in terms of cutting," but his answer mostly made no sense.

www.huffpost.com

Hard to tell what he talking about CUTTING here but it doesn’t sound good.

Do you trust him?

Speaking ONLY for myself, I don't "trust" ANY politician.

 

[BlindBoo]

That would be fine, except the democrats who had the house from the 50s to the 90s used the surplus to cover up the debt, it's now standard procedure, so the dems fucked it way more than the GOP could have ever dreamed of

When SS had excess cash flow they invested in US Treasuries. Now that they are running a yearly deficits they are cashing in those bonds to pay the benefits that citizens were promised.

 

[22lcidw]

When SS had excess cash flow they invested in US Treasuries. Now that they are running a yearly deficits they are cashing in those bonds to pay the benefits that citizens were promised.

They put the excess in the general fund. They produced IOU's as a promise to pay back. Gore even had a plank to put Social Security in a lockbox if elected. This is an issue with men and women elected to spend their lives in politics. They live for the now and worry about the future for someone else. Of course, some of them were around for a lot of things.

 

[BlindBoo]

It certainly did. Which is why we had affordable gas and groceries. We are oil beggers now...

Hahahaha. We haven't been oil independent since before Kennedy. However by the measure they used in 2019, we are more energy independent under Biden than Trump. Too bad Natural Gas cars suck........

U.S. Imports & Exports

 

[OhPleaseJustQuit]

Show us.

.

They can't.

.

 

[Lakhota]

WASHINGTON ― Former president Donald Trump seemed to suggest he favored cutting retirement programs such as Social Security and Medicare in a rambling answer he gave during a TV interview on Monday.

CNBC’s Joe Kernan asked Trump, who has previously said he opposes cutting so-called entitlement spending, if he had changed his outlook given the ballooning national debt.

“So first of all, there is a lot you can do in terms of entitlements, in terms of cutting, and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements,” Trump said. “There’s tremendous amounts of things and numbers of things you can do.”

It’s not clear what Trump meant by “cutting” or by “theft” or by “bad management of entitlements.” His answer continued for several more minutes and ranged across several other topics, including COVID and ISIS. Kernan’s next questions were about Bitcoin.
White House spokesman Andrew Bates seized on Trump’s remarks.

“As the President just warned in his State of the Union address, Republican officials plan to cut Medicare and Social Security,” Bates said in a statement blasted out to reporters. “Cutting the Medicare and Social Security benefits that Americans have paid to earn their whole lives ― only to make room for yet more unaffordable, trickle down tax giveaways to the super wealthy ― is exactly backwards.”

Social Security and Medicare are both solvent through the early 2030s, according to the Social Security Administration. In 2033, reserves will deplete and incoming tax revenue will cover only 77% of Social Security benefits.

More at the link below...

Donald Trump Suggests Cutting Retirement Programs In Incoherent Ramble

The former president said there's "a lot you can do in terms of entitlements, in terms of cutting," but his answer mostly made no sense.

www.huffpost.com

This should scare everyone on Social Security and Medicare! We have heard many warnings from Republicans in Congress that they favor cutting Social Security and Medicare! We've been sufficiently warned. These are programs that workers have paid into their entire working lives. What do you think?

 

[Robert W]

Hahahaha. We haven't been oil independent since before Kennedy. However by the measure they used in 2019, we are more energy independent under Biden than Trump. Too bad Natural Gas cars suck........

U.S. Imports & Exports

I have noticed how you simply say things but do not prove any of them. Apparently you think we are running out of oil. Biden has only had any improvements because he has had to obey court orders. His policies cut back producing oil. He tells you all the time. Just believe him.

 

[Mr Natural]

Raise (or better yet eliminate) the earnings cap.

Problem solved.