livingston
20×102mm Vulcan
At today's Senate Finance Committee hearing, Sen. Bill Cassidy (R-LA) questioned Treasury Sec. Janet Yellen about Social Security.
At today's Senate Finance Committee hearing, Sen. Bill Cassidy (R-LA) questioned Treasury Sec. Janet Yellen about Social Security.
- Thread starter livingston
- Start date
livingston
20×102mm Vulcan
They never talk about cutting welfare benefits only SS
Cavalry
.308 Win
I mean if you really want to get the tinfoil on...
The SS problem is boomers are retiring and following groups were smaller in comparison and cannot support the boomers and themselves without change. What can be done? Reduce the amount of Boomers without reducing the number of paying, working class.... via covid.
The SS problem is boomers are retiring and following groups were smaller in comparison and cannot support the boomers and themselves without change. What can be done? Reduce the amount of Boomers without reducing the number of paying, working class.... via covid.
JRtraderny
.357 mag
Bingo !!
JRtraderny
.357 mag
If all of us had been able to invest the money that S.S. stole from us we'd all be millionaires and wouldn't need S.S. .
TEOTWAWKI inc.
.308 Win
I don't even want my money back. Just stop taking it from me going forward.
Jmac00
.475 A&M Magnum
UUUUUM, heeeeeeelllloooo. some of us are already fucked by this piss poor ponzi scheme. Give me my money, I can invest it and make far more than these washington dc dipshits could
TEOTWAWKI inc.
.308 Win
They don't have all the money everyone has paid in, so there couldn't be any refunds.
There are only two options, and one of them is to just drive it over a cliff.
The other option would take at least a generation to phase it out.
You're in the group that shouldn't see any disruption of benefits, unless it goes over a cliff.
Then I guess each and every one of them will have to give up their own riches to try to bridge the gap.
Yes, I know it won't be enough, even after we seize their multimillion dollar gigantic homes on the waterfront, their numerous private jets, their personal islands, etc.
But it would be SO satisfying to know they no longer have any way to fund their own retirement, either.
That the boomers fault. They promised themselves a Cadillac and only put in enough money to buy a Yugo.
Cavalry
.308 Win
I guess I am not following you on this. 6.2%x2 is how much is "saved" for SS. Its the same amount for pretty much everyone. They have known this was going to happen for 20+ years and hoped it was just going to go away. Its about cohort size, not how they personally invested or their expectations of return.
Its more that the money they put in was mismanaged and pissed away. It would have made too much sense for the last 70 years every time we loan money to another country we actually get it back with interest and that interest paid SS.
Perhaps! However, you had the opportunity to invest the rest and didn't do it. That is their "reason" for instituting SS.
GOYABEAN
.950 JDJ
Zielinsky needs our money
repete
.308 Win
Unfortunately, that statement is true, to a point. Wayyy to many people have no savings for even short term let alone the long term. Then they bitch about having to work until the day they die, oh fuckin well!Social Security.
Because "you can't be trusted to do it yourself."
The answer is never "the government can do it better."