General Discussion

aggiesal

(9,800 posts)

16. In reality, Social Security is Over Funded ...

Mon Dec 9, 2024, 05:31 PM

Dec 9

When anyone says that Social Security will go bankrupt in 2032, that is not true.

The SS Trust Fund is supposed to be depleted by 2032, but this is by design. This is what they are referring to.

Social Security will continue to have money, but not enough to pay out at 100%.

When ever the Trust Fund is depleted, then only 75% of our Social Security Benefit can be paid, forever.
This is what we are trying to fix. Raise the Income Max to $400K would fix this is the short term.

Creating a doughnut hole from $400K to $1M, where anyone making income more then $1M would have
to start paying into Social Security starting at the $1,000,001 dollar.

So pay into SS up to income < $400K. Pay $0 from $400K to $1M, then start paying at $1M,
would fix Social Security funding for ever, maybe even increase the amount received.

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Linda ladeewolf JustAnotherGen CousinIT raging moderate BlueHurricane TBF doubleplusgood

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Highlight:

Eloon is on his platform LYING about Social Security to justify GUTTING it. [View all] CousinIT Dec 9 OP

Eloon has no idea what he is talking about. OLDMDDEM Dec 9 #1

WHERE are Democrats and the MEDIA pointing this out? CousinIT Dec 9 #2

Exactly!!! BeerBarrelPolka Dec 9 #6

If the Ds pointed out the stupidity of Eloon, they would be violating their code of go along in2herbs Dec 9 #12

I think he knows exactly what he is talking about. He is intentionally lying. Midnight Writer Dec 9 #29

He only cares about money, and he's addicted to and hoarding it. Initech Dec 9 #43

Are there comments from experts and others countering? hlthe2b Dec 9 #3

Look at the Economic Policy Institute. OLDMDDEM Dec 9 #4

I know the truth. I want them to counter it for others on "X" hlthe2b Dec 9 #7

Those that know are too afraid to counter Trump and his magats. OLDMDDEM Dec 9 #8

Largely, NO. You hear it from Bernie Sanders once or twice a YEAR. CousinIT Dec 9 #5

Eloon is the devil Meowmee Dec 9 #9

Who voted for this-------- Cherrycheeks Dec 9 #10

Who TF elected Elon??? SledDriver Dec 9 #11

They have to lie about it. It has been one of the most successful programs in history...nt Wounded Bear Dec 9 #13

That Fucked Fucker Better leave his GD Grubby Cha Dec 9 #14

If I Remember Correctly... GB_RN Dec 9 #15

In reality, Social Security is Over Funded ... aggiesal Dec 9 #16

This is why rich people are against SS MadameButterfly Dec 9 #24

I stopped paying into SS in June JustAnotherGen Dec 9 #28

Easy peasey... FalloutShelter Dec 9 #37

Good, sensible plan with no cuts. Which means MAGAts won't support it. CousinIT Dec 9 #30

The current shortage estimate for SS in 2032 airplaneman Dec 9 #31

I had not heard of the -13%, that is better than -25% ... aggiesal Dec 9 #34

SS is easy to fix but they don't want to fix it MadameButterfly Dec 10 #49

Who is this muskrat asshole. Can't we just deport his nasty ass. ??? Magoo48 Dec 9 #17

Lying is their first language. Marcuse Dec 9 #18

Is he even a citizen of the United Stares? Iris Dec 9 #19

Somewhere Dick Durbin is penning a letter of concern. Hassler Dec 9 #20

Simple solution: tax the billionaires! nt SunSeeker Dec 9 #21

The question that goes unasked and... GiqueCee Dec 9 #22

The reason they hate SS is simple moose65 Dec 9 #35

Is everybody ready for the multimillion walker march on Washington? Tweedy Dec 9 #23

Such a small, miserly and bitter man dlk Dec 9 #25

Maybe Democrats will correct Eloony Autumn Dec 9 #26

Slide your eyes to the left.... FormerOstrich Dec 9 #27

I agree, I've been saying that for years Dave says Dec 9 #39

Meanwhile, Eloon wants a "carve-out" or exemption... keep_left Dec 9 #32

A BIG NO, ELOON!! Dave says Dec 9 #40

Fuck MuskRat!! He's a lyin fool... we need to oppose him with everything we got!! InAbLuEsTaTe Dec 9 #33

Eloon doesn't want to pay his businesses' share of FICA. THAT is what this is all about and always was. valleyrogue Dec 9 #36

That says nothing about cutting Social Security soandso Dec 9 #38

Fix is easy. Strengthen the revenue side. Dave says Dec 9 #41

'Even Trump has said,' SamuelTheThird Dec 9 #42

True enough but he's said that for a long time soandso Dec 9 #46

They will call it "eliminating fraud and waste"... druidity33 Dec 10 #47

The agency mentioned full of fraud and abuse is the DoD soandso Dec 10 #50

Excuse me? druidity33 Dec 10 #57

And I'm telling you what they have said soandso Dec 10 #58

At least 3 House Rs druidity33 Dec 10 #59

You can suit yourself and choose to worry soandso Dec 11 #60

Trump isn't worried about being reelected anymore. Klarkashton Dec 10 #52

It takes congress to make changes to SS soandso Dec 10 #54

You can't take DT on anything he says one way or another Cosmocat Dec 11 #61

Did they ever pay back the IOU's that congress uses to fund projects? I beleive it started under Raygun. Hotler Dec 9 #44

for what it is worth state of stupid Dec 9 #45

K&R spanone Dec 10 #48

I really need one of those blessed "working class" voters Blue_Tires Dec 10 #51

These attacks are age discrimination and maybe elder abuse bucolic_frolic Dec 10 #53

It will DESTROY the US economy too. n/t CousinIT Dec 10 #56

What a fucking Grinch! Lunabell Dec 10 #55