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antithesis
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Posted 3:22 pm, 09/14/2024
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If nothing changes, Social Security is projected to run out of trust fund reserves by 2035. That doesn't mean that they run out of money, it just means that taxes would only cover 83% of retiree benefits.
The problem is that FICA collected from current workers has always been used to fund the Social Security of current retirees. So the money YOU put in to FICA goes toward the Social Security benefits of current retirees, not your own.
But with Americans having less children, those children spending 10-12 years in college instead of working, and people living longer, we have less people paying FICA and more people collecting Social Security.
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consul
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Posted 12:13 pm, 09/14/2024
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Like everyone turned a blind eye at the $8.7 trillion Trump borrowed? That's what struck the fatal blow and you know it. By the time Biden took over it was Katie bar the door.
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Joseph T.
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Posted 12:04 pm, 09/14/2024
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You are delusional the credit rating down grade started under Obama remained the same under trump and then a similar down grade under Biden. There was no down grade under trump
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consul
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Posted 11:53 am, 09/14/2024
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I didn't forget anything, Trump struck the fatal blow! If he were the great businessman you MAGATS claim he is, he would have started to improve the economy not make it worse.
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Joseph T.
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Posted 11:27 am, 09/14/2024
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consul (view profile) | Posted 10:06 am, 09/14/2024 | The government owes the social security fund in excess of $17 trillion. S/S hasn't run out of money it's just been ripped off! Trump could've used that $8.7 trillion he borrowed to offset some of the damage, instead he used it for corporate welfare and crashed our credit rating.
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I guess you forgot that the down fall of the U.S. credit rating started under Obama when for the first time in History the country's credit rating by S&P dropped from AAA to AA+. Then in 2023 Fitch follow suit dropping their rating from AAA to AA+ and who was the president last year the answer is your man Biden
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Anonymoose
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Posted 11:15 am, 09/14/2024
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It's terrible that the democrats voted where the government could steal from SS
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consul
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Posted 10:06 am, 09/14/2024
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The government owes the social security fund in excess of $17 trillion. S/S hasn't run out of money it's just been ripped off! Trump could've used that $8.7 trillion he borrowed to offset some of the damage, instead he used it for corporate welfare and crashed our credit rating.
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jmt107101
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Posted 12:00 am, 09/14/2024
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Ask fauxy and little tommy boy if they are afraid of their welfare running out!
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Acumen
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Posted 11:57 pm, 09/13/2024
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It is not running out of funds. It is just another GOP lie.
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udfred
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Posted 11:31 pm, 09/13/2024
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running out of money for social security And it isn't for welfare, disability, illegals , free tuition , Ukraine
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