Cloward-Piven field days.
***Social Security’s retirement trust fund will now run out of money in less than 8 years, ***
But, but we were promised way back 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.”
How can that be with all the old people in nursing homes that Cuomo and his cronies killed off?
Oh, man am I worried. If covid doesn’t get me, race riots don’t get me, global warming doesn’t get me, then the end of social security certainly will,
Send infected people into more elderly settings, governors!
They can cut off my SS Check the day after they cut off the EBT, Section 8 Housing and Welfare Checks, deal?
If old people are dying at an accelerated rate, why would the trust fund run out of money faster. If the Dems can get rid of the old people, that should help them to spend even more on their dependent serfs.
How come we never hear about welfare to those women who have 10 kids or benefits to illegals being cut?
Conventional wisdom will argue that payroll tax should be increased.
Trump officials has been talking about a moratorium on payroll taxes.
Given how wrong the conventional wisdom has been i think a payroll tax holiday is worth a shot. BTW - the experts have apparently been unable to explain the strong jobs reports just out.
I’ll worry about this in 7 years and 6 months. Only God knows what will the world will be like then. Meantime, I’ll get on with my life.
Why would ANYONE think that giving the money you earn to the government, and letting them ‘take care of it’ for you, would be a good way to ensure having money available later in life?
If Social Security was to become a program, it should have been run independent of the government, and politicians should have absolutely ZERO ability to touch that money.
I have written several congress critters on this.
They COULD delay this a bit if they simply remove some of the restrictions for those after they take early retirement.
Limiting what they can make before they reach full retirement age? Why?
And dont come around with some limp excuse. There is NO excuse for that. If those who take early retirement want to work, they should be allowed to make as much as they want and continue to pay the FICA tax at full employment-or whatever employment level they want.
What is it now? Just over 17 grand a year now till you reach full retirement age?