"leading presidential candidates," who follow the lead of the 1%'s $Ms, the 1%ers like billionaire Petersen want to privatize SS, handing $Ts to Wall St crooks (themselves) to pocket $100Bs annually in fees
Mitt Romney included SS recipients in his infamous 47%, so if their goal was to combat that type of rhetoric, by and large they accomplished it.
so why do think the VRWC/1%/Repugs/BigFinance have beem slandering SS as insolvent and pushing hard for alternatives and/or to privatize SS?
I haven't seen much push for total privatization but it is clear that the system as currently designed will deplete the mythical "trust fund" at some point. How is that slander?
It's a Soros-funded leftist think tank, what do you expect?
You always assume that US govt will default on the bonds or whatever the instrument is when the US govt uses the SS fund for the general fund.
inequality and the VRWC/BigCorp War on Employees mean fewer jobs (labor participation rate down) pay less (salary suppression, "gig" economy) so contributions to SS (slandered as a Ponzi scheme) are down.
Social security is not welfare, it's a government administrated retirement program you pay into. like a 401k just government instead of private.
The "social security trust fund" will run out of money even IF the US prints the trillions of dollars it owes the "trust fund".
health care has gotten too good and people are living longer than the system was designed for.
When Social Security was passed in 1935 the average life expectancy for a male was 59.9 years and 63.9 for females.
health has been TOO EXPENSIVE for decades, BigFood has been inducing people to eat sugary, greasy for decades. Old people have been convinced they need 5 - 10 PRESCRIPTIONS. It's all bull .
You don't have to be a financial burden on society just because you're old, but being a financial burden means BigCorp is sucking down Human-Americans wealth. Being sick enriches rip-off health care, above all.
In 2015 average life expectancy is 82.19 and increasing every year.
The math is pretty ing simple Boo.
Too many people living longer than the contribution system was designed for.
I ing repeat: living longer doesn't have to mean getting sicker.
I repeat.
You are a ing idiot.
Welfare means you are getting something for fre that you didn't pay for and can't afford, so others paid it for you. However in order to draw SS you have to actually pay in over the course of an entire lifetime. Worlds of difference here but you racists already knew that, just calling out bs when I see it.
typical non-response when I slap y'all right wingers
slap
Right
You can't even make the distinction between Medicare (also going broke) and social security.
They certainly did. They also pulled alot of conclusions out of that data construct.
Typical non-response when a moonbat cant counter argue their way out of a wet paper bag.![]()
The ole "social security is going broke" lie raises it's head again. It's solvent through 2037 if nothing is done. How many other programs do we fund 21 years in advance? We can't even get a ing bill to fund the roads for more than 3 months.
This looks like it may be a very common theme for many pension plans supported by today's young workers.
Which if true, sucks.
A little short sighted? So Medicare runs out of money in 11 years and social security runs out in 22 years. No problem, you guys can deal with it then, right?
Umm, no. What else does the government fund for 22 years in the future? Even in 2037 when 75% of benefits would be paid out by doing nothing, it's a simple fix. I stopped paying into SS already this year. All that needs to be done is to raise the cap a couple % points and voila, solvency.
Medicare is different, but ObamaCare has been a big help. Ending our subsidies to the entire world by not allowing the government to negotiate drug prices with BigPharma would also close the gap. Deeper analysis by CBPP here: http://www.cbpp.org/research/health/...s-not-bankrupt
Neither program is in serious trouble, and people claiming otherwise have ulterior motives (privatize in most cases to enrich themselves)
You're right, Social Security isn't going broke. It is broke.
http://www.usatoday.com/story/money/...rity/30271595/That's the bad news. But here's the really bad news: Social Security is flat broke. The just-released 2015 Trustees of the Social Security and Medicare trust funds report has a secret little table that apparently the political appointees, euphemistically called "trustees," haven't bothered to view. It's tucked deep inside the report in appendix table VI.F1. It says the system is $25.8 trillion in the red.
Here's the actual table in question from the report:
Present
value
Unfunded obligation through the infinite horizon 1 $25.8
Unfunded obligation through 2089 2 10.7
http://www.ssa.gov/oact/tr/2015/VI_F_infinite.html
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