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CousinIT

(10,873 posts)

4. This will shorten the years before Soc Security is unable to pay full benefits.

Wed Jan 1, 2025, 03:07 PM

Jan 1

I support it, but it's important to note that SHitler's mass deportations, removing taxes on Social Security (which go right back into the Trust Fund), and elimination of the WEP all take more money out of the Trust Fund and move up the date on which Soc Security will be unable to pay full benefits - without some sort of machination such as raising the retirement age for younger workers, decreasing COLA amounts, or lifting the $170k cap above which no FICA tax is paid, or increasing the FICA tax.

The latter two options will be vehemently and viciously fought by greedy-ass billionaires who already hate paying the FICA taxes they pay now -- which is why they and the politicians they own (Mike Lee, for instance) LIE to the American public about social security to get them to agree to CUTS (raising the retirement age is a CUT) rather than making the fucking billionaires pay their fair share.

They love to say Social Security is going "broke" (it is NOT), and they love to call it a "Ponzi scheme" and a dirty deal that can't keep its promise to America's retirees. It is none of that.

This Social Security myth buster is a vital link to keep handy: https://www.ncpssm.org/documents/2024-opeds-and-letters/7-myths-that-undermine-social-security/. FDR's grandson James Roosevelt, is a founder of NCPSSM and is working to preserve his grandfather's legacy -- and OUR retirement money that we EARNED (and the billionaires want to steal for their tax cuts).

If nothing is done, then around 2030 or so, people's Social Security payments will be 25 - 30% smaller. Most retirees can't afford such a cut.

And the fascist oligarch billionaire robber barons CAN'T WAIT to raid the Social Security Trust Fund (and the US Treasury) to pay for their fucking tax cuts, after which their politician puppets will SCREAM: "OUR DEFICIT IS TOO BIG, WE HAVE TO CUT ENTITLEMENTS!" -- and there goes our retirement money.

I never hear any Democratic politicians addressing ANY of the misinformation out there being peddled by Musk, Trump, Mike Lee, or the other rat bastards who want to steal OUR money. They need to get on this.

NOW.

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eppur_se_muova whathehell nmmi not fooled Mr.Bee Rhiannon12866 Tactical Peek Bluethroughu

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Highlight:

Social Security Benefits Set To Be Expanded for Millions [View all] BumRushDaShow Jan 1 OP

I'm one of the 3 million that was affected by the WEP Ishoutandscream2 Jan 1 #1

My brother is too TexasBushwhacker Jan 1 #11

same. It's a big deal for us. I had given up hope that we would ever get the SS we worked for. Evolve Dammit Jan 1 #12

As I am jayschool2013 Jan 1 #15

Me too k0rs Jan 1 #17

Both of us in our family are/would have been affected. Ms. Toad Jan 1 #22

I am also one of the WEP Affected LLC Jan 2 #26

And Trump will get all the credit since it'll take effect under him. Self Esteem Jan 1 #2

before they rescind all benefits 4catsmom Jan 1 #6

It is retroactive to 2023, Ms. Toad Jan 1 #21

No one pays attention to that. Self Esteem Jan 2 #27

Then I guess I'll take comfort in my guess that more Democrats than Republicans Ms. Toad Jan 2 #31

That was pure theft! KT2000 Jan 1 #3

This will shorten the years before Soc Security is unable to pay full benefits. CousinIT Jan 1 #4

Thanks for the link -- bookmarked ! nt eppur_se_muova Jan 1 #7

" taxes on Social Security (which go right back into the Trust Fund)" - yup nmmi Jan 1 #8

Yep. Eliminating those taxes is a backdoor cut to Social Security & Medicare. CousinIT Jan 1 #10

Yeah, but Congress will never pay back what they stole, according to some . . . nmmi Jan 1 #9

Great post! Hope you make it an OP. More people need to read this! ancianita Jan 1 #18

Thanks, I appreciate that 😊. I've been thinking about an OP/nt nmmi Jan 1 #19

Please do. More folks need to see this. ancianita Jan 1 #20

SS isn't going "broke." It is a fable. Congress can make up any shortfall by using the general fund. valleyrogue Jan 3 #32

Problem: taking it from the General Fund makes it easier to cut CousinIT Jan 4 #33

My wife was a public school teacher gopiscrap Jan 1 #5

She'll have a penalty removed. Igel Jan 1 #14

This impacts both my wife and my SS benefits. Joe Nation Jan 1 #13

Where we are as well Ishoutandscream2 Jan 2 #24

Trying to lock in as much good stuff as possible before Trump takes office. Like laying up supplies before winter hits Martin68 Jan 1 #16

FOP endorsed Trump in 2024, but FOP likes Democratic Party policies that puts money into people's pockets. C0RI0LANUS Jan 2 #23

It's mind boggling Ishoutandscream2 Jan 2 #25

Happy New Year, Ishoutandscream2. Agree 100%. Like been said: If you want to live like a Republican, vote Democratic. C0RI0LANUS Jan 2 #28

WEP and GPO rso Jan 2 #29

Surviving spouses could already collect BumRushDaShow Jan 2 #30

Happening Now: President Biden signs the Social Security Fairness Act. LetMyPeopleVote Jan 5 #34

Glad he did it today BumRushDaShow Jan 5 #35