They aren't gonna take our Social Security and Medicare huh?

[Eliot Rosewater]

https://apnews.com/article/trump-social-security-90th-anniversary-shortfall-9552a6b2d862bda0f553cc5d349ba469?fbclid=IwQ0xDSwMLG1JleHRuA2FlbQIxMQABHh5zwygSJtHDOrhhv149czcfCcGWoBtOJ367hy8gh2jk7XCzRI0hjDeuUIsV_aem_prlmYQgiro_d8FOFBYgtKg


Of course they are, sigh.


Oh and by the way if you’re relying on Maga idiots to wake up and demand that they don’t do this, I just read a Democratic congressperson‘s Facebook thread about this article and republican moron after republican moron came on and assured everybody that the Republicans will not take their Social Security and Social Security is a Ponzi scheme and on and on and on.

They are brainwashed morons and they are going to pave the way for them to do this.

[bucolic_frolic]

1. From the article

"Greszler says Social Security no longer serves its intended purpose of being a social safety net for low-income older adults and is far too large. She supports pursuing privatization, which includes allowing retirees to put their Social Security taxes into a personal investment account.

She also argues for shrinking the program to a point where every retiree would receive the same Social Security benefit so long as they worked the same number of years, which she argues would increase benefits for the bottom one-third of earners. How this would impact middle-class earners is unclear."

It was designed as support for old age living. It now acts more like an annuity, but without the investments behind it. Mega-millionaires can collect the max. I don't think there's a min.

But these proposals are sleight-of-hand for reducing benefits and conveying the program to private enterprise - Republicans on Wall Street - so they can make money and contribute to Republicans!

There are so many taxes no longer being collected it's difficult to understand how the government will fund anything.

[Eliot Rosewater]

2. They're just gonna steal it

[markodochartaigh]

7. What never seems to be said

whenever a switch to a new system is proposed is that Social Security is funded by ongoing payments. That is today's payments by younger people who are working now go to pay current retirees payments.

If current workers don't continue to pay into the system the system will rapidly fail.

[bucolic_frolic]

8. Republicans will create another donut hole

A certain age group will only get 60% of benefits until the money runs out.

[markodochartaigh]

9. And with no new money coming in

it won't be long until the money runs out.

[uponit7771]

3. Yes they will, at this point give Pedoprez no benefit of the doubt

[Emile]

4. Social Security Advantage plan coming soon.

[Eliot Rosewater]

5. Exactly

[malthaussen]

6. Naw, no way. Well, maybe just on Day One. n/t