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CousinIT

(11,650 posts)
4. This will shorten the years before Soc Security is unable to pay full benefits.
Wed Jan 1, 2025, 04:07 PM
Jan 2025

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.

Recommendations

8 members have recommended this reply (displayed in chronological order):

I'm one of the 3 million that was affected by the WEP Ishoutandscream2 Jan 2025 #1
My brother is too TexasBushwhacker Jan 2025 #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 2025 #12
As I am jayschool2013 Jan 2025 #15
Me too k0rs Jan 2025 #17
Both of us in our family are/would have been affected. Ms. Toad Jan 2025 #22
I am also one of the WEP Affected LLC Jan 2025 #26
And Trump will get all the credit since it'll take effect under him. Self Esteem Jan 2025 #2
before they rescind all benefits 4catsmom Jan 2025 #6
It is retroactive to 2023, Ms. Toad Jan 2025 #21
No one pays attention to that. Self Esteem Jan 2025 #27
Then I guess I'll take comfort in my guess that more Democrats than Republicans Ms. Toad Jan 2025 #31
That was pure theft! KT2000 Jan 2025 #3
This will shorten the years before Soc Security is unable to pay full benefits. CousinIT Jan 2025 #4
Thanks for the link -- bookmarked ! nt eppur_se_muova Jan 2025 #7
" taxes on Social Security (which go right back into the Trust Fund)" - yup nmmi Jan 2025 #8
Yep. Eliminating those taxes is a backdoor cut to Social Security & Medicare. CousinIT Jan 2025 #10
Yeah, but Congress will never pay back what they stole, according to some . . . nmmi Jan 2025 #9
Great post! Hope you make it an OP. More people need to read this! ancianita Jan 2025 #18
Thanks, I appreciate that 😊. I've been thinking about an OP/nt nmmi Jan 2025 #19
Please do. More folks need to see this. ancianita Jan 2025 #20
SS isn't going "broke." It is a fable. Congress can make up any shortfall by using the general fund. valleyrogue Jan 2025 #32
Problem: taking it from the General Fund makes it easier to cut CousinIT Jan 2025 #33
My wife was a public school teacher gopiscrap Jan 2025 #5
She'll have a penalty removed. Igel Jan 2025 #14
This impacts both my wife and my SS benefits. Joe Nation Jan 2025 #13
Where we are as well Ishoutandscream2 Jan 2025 #24
Trying to lock in as much good stuff as possible before Trump takes office. Like laying up supplies before winter hits Martin68 Jan 2025 #16
FOP endorsed Trump in 2024, but FOP likes Democratic Party policies that puts money into people's pockets. C0RI0LANUS Jan 2025 #23
It's mind boggling Ishoutandscream2 Jan 2025 #25
Happy New Year, Ishoutandscream2. Agree 100%. Like been said: If you want to live like a Republican, vote Democratic. C0RI0LANUS Jan 2025 #28
WEP and GPO rso Jan 2025 #29
Surviving spouses could already collect BumRushDaShow Jan 2025 #30
Happening Now: President Biden signs the Social Security Fairness Act. LetMyPeopleVote Jan 2025 #34
Glad he did it today BumRushDaShow Jan 2025 #35
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