General Discussion
In reply to the discussion: "I live on $710.00 a month, what exactly am I supposed to cut?" [View all]BlueCaliDem
(15,438 posts)Can you provide a link so I can check it out myself? Preferably a link by a renowned agency that specializes in budget policies, of course. I don't do opinion pieces by some Status-Quoer who believes we should be holding out for raising the cap up until we hit critical mass in 2033 and all hell breaks loose.
Did you know that in 2005, the board of trustees at the SSA reported that if we do nothing, we will see a 22% cut in basic benefits by 2041? Now it's 2033. What will it be in, say, ten years from now? This is a terrifying trend. I'm scared shitless about these prospects.
I've worked very hard all my life. In two countries. One will provide me a $3,000 per month pension because we don't have backward Republicans to obstruct what we're owed. Good thing it's not taxable in the United States, so for the SSA that income doesn't exist. Anyway, I've also worked my arse off here in this country, and I don't want to see a 25% benefit CUT by the time I'm eligible to apply for Social Security because Republicans, aided and abetted by some on the Left, are stopping any and all changes to fix social security before then. And that's exactly what will happen starting in 2033 if we do nothing today.