Social Security will not be there for them. Further, that many of them have no savings, implying they have no real sense of a place in their own or any other future. If I'm right, we are a nation of incipient and destitute suicides.............and that may well be Trump's plan. Such a lazy approach to life seems appropriate for one who never bothers to think any of the hard stuff through.

The GOP is a nihilist cult. They seek to destroy everything.

They support the destruction of their own safety net. It makes no sense.

Mental health is an attitude. Much more so than the inconsequential subjectivity of "how it is". For about 60% of people, it's a natural response of maturity vs a childishness which perpetually manifests as a special kind of resentment for real (or even perceived) offense, thus justifying their offensiveness.

Because it’s a Trump proposal, and it’ll own the libs that much faster!

I'm supposed to be eligible

...but benefits may be reduced unless congress acts.
Makes the need to vote Democratic that much more urgent. There are planty of Dem lawmakers who want to expand SS rather than gut it like the Repukes.

Tax the living piss out of Eloon Musk and the sysem will be solvent.*

*not really, but changes to tax withholding will solve any "crisis" in the future. Making the rich "pay their fare share" is not a campaign slogan. It is a real life need for millions of Americans to survive in the future.

I want to beat these politicians over the head with blunt objects already...

I did the math. It’s true you get higher benifits if you wait but the break even is around age 78. If you take it at 62 you get 5 years of benefits that take a decade of higher payments to recoup

by paying taxes at a much higher rate, because of their current salary.
Also, both campaigns are wanting to remove the federal tax from SS payments.
Have you calculated what the difference would be paying a higher tax rate on current SS payments while still working, versus not working?

no french fry cook will ever see a nickel of it.

However, I wouldn't mind if one particular McDonald's temporary weekend employee (Donald McD) was denied benefits...

Social Security millions of seniors will be forced to sell their only major asset, their homes, into a market that will be spiraling downward because of the massive oversupply, in order to get money for their living expenses. Seniors will lose their homes, and the younger generation will lose their inheritance.

And, as in 2008, the houses will be snatched up for pennies on the dollar, in cash, in large groups by hedge funds. Individuals who want to buy a house will have little chance at the bottom of the market against hedge funds who can buy a hundred houses at once for cash from their golfing buddies at the bank.

Ruining Social Security is simply a way of asset stripping the working and middle class for the benefit of the rich.

Make billionaires pay 7% of all their income into it.
Taxes are the cost of Civilization. Or, Eat The Rich

Rigging the game in favor of the rich and facilitating the transfer of what few scraps ordinary folks have accumulated back the the rich? Say it ain't so!

I'm stunned by the "it won't happen to me" mentality.

And what we already know is that if Trump DID get back into power and these things happened, Democrats would be blamed for it.

The adults need to get out there and vote because the children clearly do not comprehend what's at stake.

When Social Security was first developed, the current work force paid for their parents' retirement. The trust fund was simply a pass through account, where money sat momentarily until it was time to distribute it.

Then came senile old Raygun and he doubled the SocSec tax. He put half our SocSec tax in the trust fund and half went to the Baby Boomers' parents. That hunk of money in the trust fund is supposed to go away after we Baby Boomers all die. It's supposed to turn into a pass through account again.

So it doesn't matter if the account is mostly emptied, as long as this generation still is putting money into it for their retirement. A simple adjustment to force lazy billionaires to pay their fair share will easily solve any future problems.

Also Republicans like to lump Medicare and SocSec together. This makes it seem like the healthcare funding problems of our commercialized medical practices are SocSec problems. They are Not.

Unless Trump starts taking out money from the SocSec trust fund to pay for government or his excessive lifestyle, SocSec should be solvent.

But my first SS check is in the mail. My birthday is Wednesday and my first check is next month. If I had to live off of that check, I'd have to move to Alabama or something because there is no way I could pay rent, gas, groceries and utilities on less than 1500 a month. Nope. I saved all of my life but there is something to be said about people that work for 40 years, pay taxes for every one of those 40 years and then draw SS and continue to be taxed on the money you were taxed on 40 years ago. I remember when Obama proposed that SS recipients made less than 50k, they wouldn't be taxed anymore. It never happened and I know Obama lost one vote over that, not me, someone I know.

Thankfully, my spouse is still working and still contributing to our nest egg despite me drawing as soon as I'm eligible. He also manages our investments so that we can survive when he retires in about another decade.

This righteously pisses me off.

No taxes on SS--like it used to be before Reagan got hold of it, and raise the cap. Simple and understandable, even for MAGAts. That would give all of us who depend on it a hell of a lot more money every month, and make the wealthy pay their fair share. I also think, once they pass a certain threshold of income, they should not be eligible for drawing SS.

Morons who vote against their own economic self-interests. If you are not rich, you have to be some kind of "special" stupid to vote for Republicans. Ever since Franklin Roosevelt and the Democrats started the Social Security Pension program it has long been the "wet" dream of the Republican Fascists to kill Social Security. The Turd will do it! The idea of "America" when it was founded was that it was not to be a "tax haven" for Oligarchs and the Aristocracy -- a place where rich people only pay a 12% Capital Gains Tax on income which they report and everyone else pays at least 30% or more out of their weekly paychecks.

1. Remove the SS trust fund account from any federal budget process and protect the funds from being accessed (Stealing, 'Borrowing', Redirecting, etc.).
2. Pay back in to that fund all monies that have been 'Borrowed, Stolen, or Misappropriated' over the years.
3. Eliminate the wages cap.

I have done no math in this area, but I figure that should set SS on a good course for the future.

None of this will affect most Americans, so the fight to do it would be long and bloody.

Lock Box.

He was roundly mocked across news and media for that one. Ay yay yay.

and will continue to do so.

Service here is horrible.

Remove the salary ceiling that prevents everyone from paying (which would lower everyone's rate) and place it on the benefits (the annual U.S. median income, for instance).


Rocknation

Back in the 80's, Reagan (I'm sick that Reagan was the one to implement this) figured out that the Baby Boomers were about to retire in the 90's & 2000's and that Social Security did not have the funds to supports all these new retiree's.

So a Trust Fund was created, where my generation basically paid double the Social Security with about half going into the Trust Fund.
The money from this Trust Fund was invested in U.S. Treasury Bonds to make some interest on that money.
This Trust Fund would then increase in size until the payment of Social Security to Baby Boomers (& everyone really), exceeded the amount coming into the Trust Fund, which happened around 2011, I believe. When this happened, some of the U.S. Bonds were sold to cover the difference. This happens every month.
The Trust Fund is expected to eventually deplete down to $0, where at this point, Social Security would just work of incoming money to pay the outgoing money.
It was originally estimated that the Trust Fund would be completely depleted by 2042 (I believe), but through COLA's & under estimating the number of retirees, the date was adjusted to lower dates. Last I heard it was 2032?

If we don't shore up Social Security by 2032, then checks going out to retirees would only be about 75% of their total monthly check.
Obviously, the (R)'s are gaslighting for their benefit by claiming that Social Security is going bankrupt because the Trust Fund is almost depleted, but this was expected and SS is not going bankrupt.

The most popular method to shore up Social Security is the use of the Doughnut Hole. Where we would pay into Social Security up to $400,000 of income (Currently I believe it's about $170K), then not pay anything from $400K to $1M, then pay from $1M on up.
This method is trying to protect the middle class and tax the wealthier income earner.
Other Doughnut Hole option is $250K - $500K non-payment or $250K - $1M non-payment.

The only way to get this done, so to vote in (D)'s before 2032, because they are the only party that is willing to protect Social Security.

I'm not an expert, but I do know a lot about how SS works in terms of Trust Funds.

There is no political will to do anything about this.

The Cato Institute and Concord Coalition LIES about SS dating from the1980s continue to pollute public discourse. It is not "going broke." If there is ever a "shortfall," the money can be made up through the general fund. That is how Supplement Security Income (SSI) is funded.

This is all about greed on the part of corporations and their filthy rich owners who do not want to pay their share of the FICA taxes.

Another issue that got glossed over was not taxing tip income. Service workers pay into the system which includes their tip income. Not taxing tips will cut their benefits later in life. The plans for child leave by taking it off social secutiry payments later also cuts the amount to be paid for workers.

I read another issue about tips not being taxed having to do with people earning large bonuses. Those would likely become tips. So people at stock trading houses that get fat bonuses at year end would have those called tips and be untaxed.

Trump will still be President and he still gets paid and has a place to live.

His supporters will discover that their Social Security checks come from the gubmint.

Reporters are completely irresponsible.