Republicans in congress say big cuts coming to Social Security, Medicaid, Medicare.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

You live in an alternate universe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

We also could simply raise the cap on taxes paid to support Social Security and it would be completely sustainable. That would be fiscally responsible but involves (gasp) tax increases on those with incomes above the cap.

Maybe if they called it something different, not taxes but something else? I am just spitballing but how about we call it social security tariff?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

You live in an alternate universe.

My universe has facts and statistics to prove my points. All yours has is Fox talking heads who make things up.
https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/

[Anonymous]

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

We also could simply raise the cap on taxes paid to support Social Security and it would be completely sustainable. That would be fiscally responsible but involves (gasp) tax increases on those with incomes above the cap.

Maybe if they called it something different, not taxes but something else? I am just spitballing but how about we call it social security tariff?

That's not going to work with this lot. Those with incomes over the cap are generally not as gullible to fall for these kind of gimmicks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

We also could simply raise the cap on taxes paid to support Social Security and it would be completely sustainable. That would be fiscally responsible but involves (gasp) tax increases on those with incomes above the cap.

Maybe if they called it something different, not taxes but something else? I am just spitballing but how about we call it social security tariff?

haha I'm sure Trump could convince his cult followers that China or MX will be paying for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

We also could simply raise the cap on taxes paid to support Social Security and it would be completely sustainable. That would be fiscally responsible but involves (gasp) tax increases on those with incomes above the cap.

Maybe if they called it something different, not taxes but something else? I am just spitballing but how about we call it social security tariff?

That's not going to work with this lot. Those with incomes over the cap are generally not as gullible to fall for these kind of gimmicks.

Let's call it an "earned benefits stability fee" then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

There is a reason the democrats are generally for expanding the base of workers to pay into the system at this critical time. It's the GOP that keeps crashing the ecnomy and kicking people out of work.

Also, it's not a ponzi scheme. It's called a public retirement benefit. It's completely sustainable if we actually plan for it, and if the fiscal responsibility the Democrats institute when they are in power is continued by the Republicans. But we all know that's not likely to happen because the R's love to spend and hate to save.

You live in an alternate universe.

You're an idiot. You're saying all taxes and spending are ponzi schemes. I guess the military funding is a ponzi scheme because we pay for it with taxes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.

THIS. They made it part of the general budget and started looting it. It's not an "entitlement", it's something that every working adult pays into.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.

THIS. They made it part of the general budget and started looting it. It's not an "entitlement", it's something that every working adult pays into.

Pepperidge Farm remembers.
Republicans intentionally broke social security during what should have been it's best years to shore up the system. And now want to impoverish most of the country, which apparently the Republican base thinks they want now too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.

THIS. They made it part of the general budget and started looting it. It's not an "entitlement", it's something that every working adult pays into.

Pepperidge Farm remembers.
Republicans intentionally broke social security during what should have been it's best years to shore up the system. And now want to impoverish most of the country, which apparently the Republican base thinks they want now too.

This x billions

[Anonymous]

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

It’s not a Ponzi scheme because there is no fraud involved.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo

https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability.

Benefit cuts are already written in to Social Security, according to the trustees' report. It is spending more money on benefits than money coming in.

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.

THIS. They made it part of the general budget and started looting it. It's not an "entitlement", it's something that every working adult pays into.

Pepperidge Farm remembers.
Republicans intentionally broke social security during what should have been it's best years to shore up the system. And now want to impoverish most of the country, which apparently the Republican base thinks they want now too.

This x billions

Yes, they squandered it on corporate tax cuts, capital gains tax cuts, and the military industrial complex including two unfunded wars. Oh well. Elections have consequences. Pull yourself by your bootstraps folks. That's what we do in America!

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you understood how Social Security works, you’d be shocked. It’s not self-funded; it’s a pay-as-you-go system where younger workers' taxes pay for current retirees. This setup closely resembles a Ponzi scheme, relying on new contributors to sustain payouts, with no personal savings account for your future. The system disproportionately benefits baby boomers, who are retiring in record numbers and collecting far more than they paid in, while younger generations face higher taxes and the risk of reduced benefits. This imbalance is unfair and unsustainable. For the good of the country, it’s time for boomers to acknowledge the need for reform. Raising the retirement age, adjusting benefits for wealthier retirees, and expanding the tax base are necessary changes to ensure future generations aren’t left holding the bag. Let’s fix this now—before it’s too late.

It’s not a Ponzi scheme because there is no fraud involved.

I think these people calling Social Security a ponzi scheme don’t know that it is insurance and would probably be equally shocked to know how the insurance industry works.