Yep, the clot shot killed untold numbers of senior citizens.
I decided to take mine. I’m getting a little less than if I waited but I figured take it now cause it might be gone in a couple of years.
A whole year longer? Golly!!
There’s the storyline for seniors: Have a DEM POTUS, save your Social Security. Followed closely by: Elect Trump, prepare to have your Social Secuity slashed!
wi full retirement at 70... right???
Government mismanages everything.
What a joke! They already borrow Trillions to pay out obligations. The interest on the total debt (so far!) is now over a Trillion dollars a year! Sooner or later it will go full Venezuela with money worth less than the paper it is printed on!
If I’d been allowed to keep the Social Security taxes I’ve paid since I started working as a teenager and invested them in some decent index fund, I’d get a lot more in retirement than Social Security will ever pay me.
More concerned than ever, now.
When I saw the title, I thought this would be a story from the Babylon Bee.
Ah yes right on the heels of the news that Biden has increased the US Money supply 3.5 x in 2021 alone, and has further increased it another 3x since then.
Of course they are not calculating the adjustments made for the fictionary cost of living increases.
Any talk about the “Trust Fund” is pure BS. When you see it, ignore everything that follows. The “Trust Fund” consists of government bonds. The US spends all of the Social Security tax revenue it takes in and issues bonds and puts them in the “Trust Fund”
Great News!
SS was never supposed to run out. Lyin’ Lyndon Johnson said so in 1964!
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
“Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
Back around 2004, AARP magazine had an article on why the SS is not a Ponzi Scheme. Ponzi Schemes run out of money and collapse. Since the SS system has never collapsed it is not a Ponzi scheme.
A few pages on in that same issue, Jane Bryant Quinn had an article on how the SS system was set up. Without saying the word “Ponzi” it is set up just like a Ponzi scheme with compulsory membership.
How it was originally supposed to work....You paid in all your life, then retired at 62. BUT the average life expectancy then was 57 years of age.
Then came Penicillin.
Too many people are gullible enough to believe this.
There are no “funds.” Nothing is sitting in a desk or vault somewhere.
Its all part of the Fed.gov budget, just one pocket telling the other empty pocket - “hey, you still owe me $2 trillion....”
Farce.
The ss money can always be printed. It’s FIAT!
We should know this because Ukraine
Ponzi Schemes usually work this way.