Trump wants to defund Social Security ?

I don't think the right could do any better. It would be the same thing, but the money would we wasted differently. I can do much better for my family without interference from either side. Lets not pretend that putting an R by their name makes them any less irresponsible than those with a D!

 

Citation?

And all because they do.

It's not the owner of those restaurants that will catch Covin and die.

Find a vaccine, or at least do SOMETHING that will stop this horror from stalking everyone that goes out the door. Until then you can shove your economy up your Republican behind. I do more than enough for the 'small businessman', I'm not about to DIE for him

 

The owners work there too. Are you calling for a complete shutdown or everything? They ARE finding a vaccine perhaps you need better news sources or more effort in keeping up.

 

They could always be increased once the economy is back on track, nothing is permanent. Every worker and employer would see a rate reduction.

 

Infrastructure projects take a LOOOONNNNNNGGGG time to have any effect as Obama found. High speed rail has been a financial disaster and WAY over budget and will never make money here. Try to build a road and it takes 10 years to get through all the permitting and the lawsuits.

There are jobs out there and there will be more as businesses get back on line, we need to start cutting the federal and states subsistence payments so people go back to work.

 

Have some selected stock and bond index funds and long term investment managers just like with private 401k funds. Over any ten year period you make money.

 

The goal as anyone paying attention would know is to break Social Security so they can legitimize the excuse to give it to Wall Street and privatize. That way Wall Street can make big money and if the market tanks, retirees will take the hit.

 

society would be worse off if all the elderly did not get social security...

 

When a government bases its economic policies on the good performance of the stock market, it produces the results we are seeing today: a disaster.

 

You are incorrect. By the time I reach retirement age, what I paid into SS could buy a house. If I don't live to retirement age, my children can inherit the money and provide for themselves. They can then pass it to their children. In just a few generations, the need for government dependence can be eliminated. SS is a bad deal.

 

that is the cost of low wage jobs, that benefit society as well

most Americans do not make enough to survive old age without their Social Security - first medical condition would wipe out the rest

remember, you own a house or have money in the bank, you do not qualify for any assistance until that is used up, so that will go quick

 

Totally false. The money doesn't come from general tax revenue but from Social Security taxes. Didn't you read your own link?

"If reserves are exhausted, the Social Security programs will continue to pay benefits out of their annual tax revenue."

So SS will only pay out what they are collecting, whether it's 80% or 20%.

 

yep, but dems can do the same as Trump is doing and just print more money when needed

we are already too far in debt to avoid the final crash imo, now were just living in the house of cards until it crashes down on us

 

Social Security is in a different situation from the national debt. It's funding is based on social security taxes, not general revenues or the Treasury borrowing money.

 

That brings up a very unfortunate point. Dependence on government also creates more illness. The vast majority of illness is caused by consuming the Standard American Diet (SAD) most of which is subsidized. Once symptoms show up, subsidized pharm products are prescribed to mask symptoms to that the patients condition can continue to worsen. Fewer people will live to retirement age.

 

So, Trump wants to cut payroll taxes to help 100% of everyone with jobs (republicans mostly I guess) and you take that leap that Trump wants to cut SS. A special kind of stupid reigns here.

Biden wants to cut military spending, which means of course he hates veterans and WANTS all veterans to die. Right? Stands to reason I think.

 

You would invest your retirement money in a real trust fund. The Government gives the money to existing retirees and whatever is left is put into the Federal general fund and spent. The SS Trust Fund gets a worthless IOU (so called special securities) that probably gets put in a file drawer at the Bureau of Public Debt in Parkersburg WV.

 

doesn't mean future administrations can't print more money to fund it

the difficulty right now is low wages, foreign outsourcing, and the baby boomers

 

this is true, hospitals, schools, nursing homes, ect... all require them to feed people a high carb, low fat diet (or lose federal funding)... so I agree with you there

that is why social security is important, it allows people to live on their own and feed themselves as long as possible

 

Do you have a public sector pension, e.g., school teacher. Do you have any investments? Please be honest. Anyone who plans on retiring without a public sector pension should care about the stock market. And with the Federal transition from CSRS to FERS even the Federal workers have a market based pension.

 

Everybody's got money in the stock market.

But you don't create wealth with Wall Steet, you create wealth by giving people jobs.

And unfortunately, Golmand Sach doesn't give a damn about the unemployment rate.

 

I know he didnt suggest it, but his actions are in line with previous republican policies that hold that aim.

Also I looked into the disability requirements for SSL and yeah, I think your characterization of those who get it is perfectly in line with the RW PoV.

Anyway, it's a moot point because the payroll tax cut was removed frommthe bill anyway

 

Anything like Obama defunding Social Security in 2011 just when people needed it the most?

 

no retirees were taxpayers, they combined deadbeats on the welfare rolls who never paid taxes into socialist security programs.

privitization fixes that with capitalism.

 

... No retirees were taxpayers.

That's just....astronomically wrong considering that Social Security is funded through a Payroll Tax.

And no, capitalism and privatization don't "fix" inelastic goods/services. It's simply not possible and would end up like your HC system.