Social Security going bust

[Aldo Raine]

Lib please I destroyed you. I'm 10x smarter than you I know it's intimidating. Maybe try the junior league politics debate forum.

Brother the only thing you can beat is off. And I am sure you screw that up. Back to MAGA-LARDO tard!
MAGA

 

[Missouri_Mike]

Of course there's a trust fund. It's called the "Social Security Trust Fund".

They can call it whatever they want to. There’s no money in it just a bunch of IOU’s. May as well call it the fairy godmother elderly care fund.

 

[Woodznutz]

They can call it whatever they want to. There’s no money in it just a bunch of IOU’s. May as well call it the fairy godmother elderly care fund.

SS is now redeeming those interest bearing IOU's to provide benefits for SS recipients.

 

[Al Gore Warming]

Worst pyramid scheme ever.

 

[Missouri_Mike]

SS is now redeeming those interest bearing IOU's to provide benefits for SS recipients.

Interest paid by who? Oh right a federal government who is 38 trillion in debt and printing the shit out of money trying to keep up.

A Ponzi scheme is by definition unsustainable. Point out the difference between a ponzu scheme and SS.

 

[SavannahMann]

Social Security reveals cut to payments needed to balance the books

Social Security relies on its trust funds to provide monthly benefit checks to around 70 million Americans. But the money is running out - and payments need to be cut.

www.dailymail.co.uk

By TILLY ARMSTRONG ASSISTANT CONSUMER EDITOR FOR DAILYMAIL.COM
The head actuaries for Social Security and Medicare have testified before a House committee about looming financial challenges which could see funds run short by 2035.
Social Security relies on its trust funds to provide monthly benefit checks to around 70 million Americans.
But an aging population is pushing up the cost of the program as a smaller share of people are paying into it, and spending is outpacing income.
This means that if the funding gap is not resolved by Congress, future beneficiaries could receive $325 less per month. Medicare is also projected to run dry in 2036.

House Budget Committee chairman Jodey Arrington, R-Texas, said in his opening remarks on Thursday: 'My prayer is we unite - not as Republicans, not as Democrats - but as Americans.

'I won't get everything I want to solve it probably, they probably won't get everything they want, but we must do it or there will be an automatic cut.'

Comment:
Maybe Biden and Schumer should not have wasted $1.75 TRILLION dollars on their bogus "inflation reduction act (scam)".
Maybe they should have spent $1.75 TRILLION to fix social security instead.
But the greedy corrupt Democrats don't care about social security.
Where did that $1.75 trillion go to?

{Inflation Reduction Act: Boosting Economy
The Inflation Reduction Act is a $1.75 trillion bill that aims to boost the economy, lower costs, and fight climate change.}

Hey get rid of Trump’s tax cut on the rich.

The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises | Center on Budget and Policy Priorities

Policymakers and the public should understand that the 2017 Trump tax law was skewed to the rich, was expensive and eroded the U.S. revenue base, and failed to deliver promised economic benefits. A 2025 course correction is needed.

www.cbpp.org

That would bring in $400 billion annually.

 

[BackAgain]

Yet Biden's record high budget completely ignored Social Security.
But thank God it included $700,000,000,000 to bail out student loans!!

Yep.

By the way, very entertaining avie.

Have the libturds started protesting you for having your own opinion yet?

 

[mikegriffith1]

Every time there's a Democrat is office you kids say that.

Hasn't happened yet.

Wow, is that really your answer to the factual information provided by Social Security Administration officials themselves? Really?

And, BTW, when Trump was in office, plenty of people pointed out that Social Security would be facing serious shortfalls in the 2030s under existing benefits and payroll tax revenue.

Denying this massive problem won't make it go away. If we do nothing now, we'll have to cut benefits later, and people like you will be screaming the loudest, even though your party is the one that refuses to deal with this issue.

 

[Crepitus]

Wow, is that really your answer to the factual information provided by Social Security Administration officials themselves?

Yup. It's the same scare tactic every single time.

Put your hair out and settle down.

 

[leftwinger]

Yes illegals can collect SSI benefits. Even using others Work record. Chain migration much? They only need 40 quarters work history? Complicated but true. From SSA.gov. Take a look at the last box of info. Wow! Suck on this Stain. Begin the Spin filthy lying Stain. Notice the call it SSI here? But normally it is SS? Huh? Libstain trickery****

UNDER WHAT CONDITIONS MAY A "QUALIFIED ALIEN" BE ELIGIBLE FOR SSI BENEFITS?​

If you are in one of the 7 "qualified alien" categories listed above, you may be eligible for SSI if you also meet one of the following conditions:

1. You were receiving SSI and lawfully residing in the U.S. on August 22, 1996.
2. You are LAPR with 40 qualifying quarters of work.
   • 
     Work done by your spouse or parent may also count toward the 40 quarters of work, but only for getting SSI.
     
     
     Quarters of work earned after December 31, 1996, cannot be counted if you, your spouse, or your parent who worked, received certain benefits from the United States government, based on limited incomeand resources during that period.
3. IMPORTANT: If you entered the United States on or after August 22, 1996, then you may not be eligible for SSI for the first five years as a LAPR even if you have 40 qualifying quarters of coverage.
4. You are currently on active duty in the U.S. Armed Forces or you are an honorably discharged veteran and your discharge is not because you are a noncitizen. This condition may also apply if you are the spouse, surviving spouse, or dependent child of certain U.S. military personnel.
5. You were lawfully residing in the U.S. on August 22, 1996 and you are blind or have a qualifying disability.
6. You may receive SSI for a maximum of 7 years from the date DHS granted you immigration status in one of the following categories, and the status was granted within 7 years of filing for SSI:

• 
  Refugee under Section 207 of the INA;
  
  
  Asylee under Section 208 of the INA;
  
  
  Noncitizen whose deportation was withheld under Section 243(h) of the INA or whose removal is withheld under Section 241(b)(3) of the INA;
  
  
  "Cuban or Haitian entrant" under Section 501(e) of the Refugee Education Assistance Act of 1980 or in a status that is to be treated as a "Cuban or Haitian entrant" for SSI purposes; or
  
  
  "Amerasian immigrant" pursuant to P.L. 100-202, with a class of admission of AM-1 through AM-8.

For purposes of SSI eligibility, individuals are notconsidered qualified aliens if they were admitted to the U.S. under the provisions of the Victims of Trafficking and Violence Protection Act of 2000. Their eligibility is subject to the proper certification in such status by the U.S. Department of Health and Human Services and possession of a valid "T" non-immigrant visa. Once the noncitizen obtains proper certification and is in possession of a "T" non-immigrant visa, they become potentially eligible for SSI.

 

[Woodznutz]

Interest paid by who? Oh right a federal government who is 38 trillion in debt and printing the shit out of money trying to keep up.

A Ponzi scheme is by definition unsustainable. Point out the difference between a ponzu scheme and SS.

Hard to save money if your purse has a hole in it.