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.

Why do the “hard decisions” always involve cutting benefits? Why not just raise taxes a little bit?

Anonymous wrote:Republicans aren't going to cut social security or Medicare. Sorry, guys.

Anonymous wrote:Those of you who voted for Trump, who are dependent on the social safety net or who were planning on retiring soon - this is what you voted for.

Republicans are planning on gutting Social Security and other programs. Even FOX News is admitting it now.

We warned you that this was on the table. You sneered at us and called us liars. But now you're hearing it from FOX News and the Republicans themselves.

Republicans have a serious problem with cognitive dissonance and oppositional defiance disorder.

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.

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.

These are probably the same people who decry ACA, but then get seriously ill and run to ACA as a life line.

It does make me think about the need to bring back the regulations about truth, fairness and the role of the news which we once had.

We really do. Most US citizens can only read at a 6th grade level.

They have no idea they voted to end their own social security and disability payments and health care.

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.

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.

These are probably the same people who decry ACA, but then get seriously ill and run to ACA as a life line.

It does make me think about the need to bring back the regulations about truth, fairness and the role of the news which we once had.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They're unsustainable.

I wish they'd cut SS and let me invest it. I'd make so much more ROI. SS makes my retirement worse.

I'm only a few years from retirement so I really don't want to lose what I've already put in to SS. Maybe I could've invested it better but its too late. For younger workers it makes sense.

So you should get it because you're closer to retirement and didn't invest enough otherwise but others, shouldn't? Hahahahaha. Classic Boomer mentality of rolling up the ladder behind you as well as poor planning. Sorry not sorry.

It's not poor planning to incorporate SS into your financial plan if it's been promised to you your whole life. Stop the "boomer" crap.

Oh so sorry that you didn't account for this contingency. Must suck. Too bad. That's what you voted for. Maybe you should've planned better and pulled yourself by your bootstraps. Maybe you can get one of those jobs from the illegals who'll be deported to replace the lost income!

Do you people not read?
The PP was responding to someone who said they wished they'd cut SS because they'd do a better job of investing it. That PP then responded it's too late for that to make a difference for them because they're so close to retirement and *maybe they could have invested the social security funds better but it's too late for them to find out because they're so close to retirement*. They didn't say they didn't plan for their own retirement or invest enough others. They said maybe they'd have done better with those SS funds, maybe not.
Damn, do you people just spout crap without actually reading what people say? You're so quick to pounce that you don't even understand the posts you're responding to.

"so I really don't want to lose what I've already put in to SS. Maybe I could've invested it better but its too late." That means they didn't save enough and were banking on SS. That seems to have been a poor assumption.

"It" = money that was withheld from their paycheck and went to social security. Perhaps that could have invested THAT MONEY better. That does NOT mean that PP did not also invest in their retirement.
God you people... This is so telling.

Anonymous wrote:

Anonymous wrote:If social security is truly self funded why have everyone get paid out whatever they put in and then stop it all together. Then moving forward make it optional.

Most people are not smart enough to plan for retirement. That’s why we need mandatory social security.
Do we have to repeat the lessons of the Great Depression again?

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.

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.

Social security is not insurance. Insurance judges the cost of its product based on risk and the likelihood of payout. Social security is nothing more than a redistribution program from the young to the old. That's all it is.

Exactly. They don’t know what they don’t know. They’re just ignorant and don’t care.

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.

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.

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.

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.

These are probably the same people who decry ACA, but then get seriously ill and run to ACA as a life line.

It does make me think about the need to bring back the regulations about truth, fairness and the role of the news which we once had.

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.

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.

These are probably the same people who decry ACA, but then get seriously ill and run to ACA as a life line.

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.

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They're unsustainable.

I wish they'd cut SS and let me invest it. I'd make so much more ROI. SS makes my retirement worse.

I'm only a few years from retirement so I really don't want to lose what I've already put in to SS. Maybe I could've invested it better but its too late. For younger workers it makes sense.

So you should get it because you're closer to retirement and didn't invest enough otherwise but others, shouldn't? Hahahahaha. Classic Boomer mentality of rolling up the ladder behind you as well as poor planning. Sorry not sorry.

It's not poor planning to incorporate SS into your financial plan if it's been promised to you your whole life. Stop the "boomer" crap.

Oh so sorry that you didn't account for this contingency. Must suck. Too bad. That's what you voted for. Maybe you should've planned better and pulled yourself by your bootstraps. Maybe you can get one of those jobs from the illegals who'll be deported to replace the lost income!

Do you people not read?
The PP was responding to someone who said they wished they'd cut SS because they'd do a better job of investing it. That PP then responded it's too late for that to make a difference for them because they're so close to retirement and *maybe they could have invested the social security funds better but it's too late for them to find out because they're so close to retirement*. They didn't say they didn't plan for their own retirement or invest enough others. They said maybe they'd have done better with those SS funds, maybe not.
Damn, do you people just spout crap without actually reading what people say? You're so quick to pounce that you don't even understand the posts you're responding to.

"so I really don't want to lose what I've already put in to SS. Maybe I could've invested it better but its too late." That means they didn't save enough and were banking on SS. That seems to have been a poor assumption.