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Posted: 5/11/2024 2:36:44 PM EST
[#1]
Quote HistoryQuoted: Idiot Liberal talking points.  We are giving financial aid to Ukraine for all residents there in addition to giving arms for defense. The fact that someone receiving financial aid is retired is irrelevant The fact that our own corrupt government is giving it to a foreign corrupt government instead of using it to help with domestic shortfalls is relevant. |
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Posted: 5/11/2024 2:40:12 PM EST
[#2]
Quote HistoryQuoted: "Social security" and "supplemental security income" come from different pools of money and have no effect on each other. You all just enjoy twisting each other's panties and then yelling about it. Except when the recipients get bumped to SS at 65. Then it comes out of SS . |
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Posted: 5/11/2024 2:44:44 PM EST
[#3]
Quote HistoryQuoted: Do you know what SSI is and how it is funded? Who receives SSI benefits? I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... |
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Posted: 5/11/2024 2:46:28 PM EST
[#4]
Quote HistoryQuoted: That, and also up to 85% of your benefit can be taxed as income. Plus IRMA |
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Posted: 5/11/2024 2:55:43 PM EST
[#5]
Quote HistoryQuoted: I am robed of more ssa every paycheck than federal taxes. The South was visionary in 1861. The monster they rebelled against has grown exponentially. They should get freed their slaves before Lincoln did and the war would have had more international support besides the Irish being forced into military service. We're all on the federal plantation now. You must be in a very low tax bracket if 6.2% of your gross is less than your fed tax . |
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Posted: 5/11/2024 4:00:49 PM EST
[#6]
Quote HistoryQuoted: No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. So we should bump up the age you can start pulling from SS to reflect how life expectancy has changed since the 1980’s right? Right? Cause last I checked 62 and just retired isn’t “outliving financial preparations”. |
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Posted: 5/11/2024 4:08:28 PM EST
[#7]
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Posted: 5/11/2024 4:33:43 PM EST
[#8]
Quote HistoryQuoted: https://www.ar15.com/media/mediaFiles/857/IMG_0885_png-3211806.JPG Some of you should get a pile of sticks. https://www.ar15.com/media/mediaFiles/857/IMG_0886_png-3211809.JPG Lots of bundles of sticks in that picture |
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Posted: 5/11/2024 4:40:16 PM EST
[#9]
Quote HistoryQuoted: Lots of bundles of sticks in that picture |
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Posted: 5/11/2024 4:46:56 PM EST
[#10]
Quote HistoryQuoted: 2,1 Quote HistoryQuoted: Quoted: Lots of bundles of sticks in that picture 
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Posted: 5/11/2024 5:10:21 PM EST
[#11]
Quote HistoryQuoted: https://www.ar15.com/media/mediaFiles/857/IMG_0885_png-3211806.JPG Some of you should get a pile of sticks. https://www.ar15.com/media/mediaFiles/857/IMG_0886_png-3211809.JPG  |
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Posted: 5/11/2024 7:17:51 PM EST
[#12]
Quote HistoryQuoted: No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. Quote HistoryQuoted: Quoted: They are talking about SSI, supplemental security income, not Social Security. SSI is funded by the Treasury Department from general revenues not the FICA tax. How is SSI funded The Social Security trust fund is expected to run out in 11 years which is 2035. They have been saying 2034 or 2035 for at least the last five years. ETA SSI is welfare. I believe there are a lot of fake claims. Following Biden logic we should make it easier to file claims. No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. I agree that Social Security is not welfare. To collect Social Security you or your spouse must have paid into it for 40 quarters. Your benefit is determined by how much you paid into it and when you start taking it. Supplemental Security Income is welfare. To collect SSI you must be disabled. SSI is funded by general tax revenue not your Social Security taxes. There is a good chance the government chose similar names for the programs to confuse taxpayers. |
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Posted: 5/11/2024 7:22:17 PM EST
[#13]
Quote HistoryQuoted: that money's gone, chief. you're not getting shit. Quote HistoryQuoted: Quoted: No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. you're not getting shit. Money is fungible chief. What do you think happens when someone buys a million dollar life insurance policy and dies one year and a day after coverage starts. Assume that there wasn’t any fraud and the policy had a one year limitation on benefits paid. The policy is paid according to its terms. Do you think the premium paid was over a million dollars? |
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Posted: 5/11/2024 7:23:14 PM EST
[#14]
Quote HistoryQuoted: They would have to increase FICA to 18% in order to just meet current obligations. Do you have a source for your claim? |
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Posted: 5/11/2024 7:24:51 PM EST
[#15]
Quote HistoryQuoted: I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... Quote HistoryQuoted: Quoted: Do you know what SSI is and how it is funded? Who receives SSI benefits? I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... Do you think boomers don’t know about investing and 401k? |
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Posted: 5/11/2024 7:27:12 PM EST
[#16]
Quote HistoryQuoted: Idiot Liberal talking points. We are giving financial aid to Ukraine for all residents there in addition to giving arms for defense. The fact that someone receiving financial aid is retired is irrelevant Quote HistoryQuoted: Quoted: It's far worse than this article suggests . We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can't meet its obligations. They literally care more about retired people in Ukraine than they do you. We are giving financial aid to Ukraine for all residents there in addition to giving arms for defense. The fact that someone receiving financial aid is retired is irrelevant 1). This makes a difference, how? 2). Liberals support this overwhelmingly. How is criticism of this a “liberal talking point?” |
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Posted: 5/11/2024 7:28:01 PM EST
[#17]
Quote HistoryQuoted: I agree that Social Security is not welfare. To collect Social Security you or your spouse must have paid into it for 40 quarters. Your benefit is determined by how much you paid into it and when you start taking it. Supplemental Security Income is welfare. To collect SSI you must be disabled. SSI is funded by general tax revenue not your Social Security taxes. There is a good chance the government chose similar names for the programs to confuse taxpayers. So if my wife and I die before we collect my estate gets a payout right? |
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Posted: 5/11/2024 7:43:51 PM EST
[#18]
Quote HistoryQuoted: Do you think boomers don’t know about investing and 401k? Quote HistoryQuoted: Quoted: Quoted: Do you know what SSI is and how it is funded? Who receives SSI benefits? I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... Do you think boomers don’t know about investing and 401k? I’m no financial genius but somehow we busted our asses and pushed our money into some good investments and 401s. Took a hit not paying in for the last several years we could have by retiring early, but still flush and started drawing SS at 62. It didn’t seem hard at all, other than too many 60+ hour weeks, and not blowing a bunch of money. Some of it was just too easy, wife took a retirement buyout from AT&T that gave us both healthcare till 65. The rest was just hard work, probably that bootstrap thing, and a little luck. |
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Posted: 5/11/2024 7:47:19 PM EST
[#19]
They're trying to make it run out sooner. Crashing the system.
Next announcement: "Social Security to begin running out by... Thursday." |
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Posted: 5/11/2024 7:49:22 PM EST
[#20]
Quote HistoryQuoted: They're trying to make it run out sooner. Crashing the system. Next announcement: "Social Security to begin running out by... Thursday." Can we actually? Let that shit run out. |
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Posted: 5/11/2024 7:49:37 PM EST
[#21]
Quote HistoryQuoted: So if my wife and I die before we collect my estate gets a payout right? Quote HistoryQuoted: Quoted: I agree that Social Security is not welfare. To collect Social Security you or your spouse must have paid into it for 40 quarters. Your benefit is determined by how much you paid into it and when you start taking it. Supplemental Security Income is welfare. To collect SSI you must be disabled. SSI is funded by general tax revenue not your Social Security taxes. There is a good chance the government chose similar names for the programs to confuse taxpayers. So if my wife and I die before we collect my estate gets a payout right?
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Posted: 5/11/2024 7:57:56 PM EST
[#22]
Tag to read later when I don't feel like burning everything down.
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Posted: 5/11/2024 8:07:32 PM EST
[#23]
Quote HistoryQuoted: Do you have a source for your claim? Quote HistoryQuoted: Quoted: They would have to increase FICA to 18% in order to just meet current obligations. Do you have a source for your claim? Feel free to peruse this mountain of data. 18% isn't needed unless they kick the can for another decade. Pretty cool PDF on the page linked that has dozens and dozens of ways to fix the issue (which congress will ignore). https://www.actuary.org/socialsecurity |
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Posted: 5/11/2024 9:52:47 PM EST
[#24]
Quote HistoryQuoted: So if my wife and I die before we collect my estate gets a payout right? Since my wife DID die 7 months before her FRA while chasing the last goddam dollar instead of retiring at 62 like I told her she should, this is the part where I throw my head back and laugh. I did catch your sarcasm though... There are those of us who worked, saved, paid into the system, and also invested on our own. In my case, I spent 45 years paying in to SS. I have a comfortable retirement now due to working, serving and investing. SS is a part of that - an earned part. It's offensive to be compared to SSI recipients in any way. |
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Posted: 5/11/2024 10:36:12 PM EST
[#25]
Quote HistoryQuoted: 1). This makes a difference, how? 2). Liberals support this overwhelmingly. How is criticism of this a "liberal talking point?" The wording of this is the liberal talking point. Designed to mislead the idiots. It is deliberately avoiding the fact that we are giving financial aid to all Ukrainians because of the illegal Russian invasion be they retired or not. If some Ukrainians were to spend that aid on food for their cat the lib idiots would say We are currently directly paying for feeding house cats in Ukraine.  |
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Posted: 5/11/2024 10:47:03 PM EST
[#26]
Quote HistoryQuoted: Since my wife DID die 7 months before her FRA while chasing the last goddam dollar instead of retiring at 62 like I told her she should, this is the part where I throw my head back and laugh. I did catch your sarcasm though... There are those of us who worked, saved, paid into the system, and also invested on our own. In my case, I spent 45 years paying in to SS. I have a comfortable retirement now due to working, serving and investing. SS is a part of that - an earned part. It's offensive to be compared to SSI recipients in any way. It isn't when you take into account that your money was already spent paying the folks collecting while you were working. It was always going to be someone else's money paying for the retirees. Beyond just the complete incompatibility with a free market, it's also unsustainable. Taxes WILL have to be raised to keep it around, or retirement ages raised. There simply isn't enough production out there to pay people to do nothing. Genuinely RIGHT NOW Congress could stop this. They could do it WITHOUT taking away social security from the people collecting. Just phase it out. 20 years or out from retirement? You can still collect but at a reduced rate based on your age. Let younger people get higher contribution rates to 401ks and iras and shrink the tax as needed. I would gladly give up all of my social security so my kids don't have to pay into it. |
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Posted: 5/11/2024 11:28:56 PM EST
[#27]
Quote HistoryQuoted: So if my wife and I die before we collect my estate gets a payout right? Quote HistoryQuoted: Quoted: I agree that Social Security is not welfare. To collect Social Security you or your spouse must have paid into it for 40 quarters. Your benefit is determined by how much you paid into it and when you start taking it. Supplemental Security Income is welfare. To collect SSI you must be disabled. SSI is funded by general tax revenue not your Social Security taxes. There is a good chance the government chose similar names for the programs to confuse taxpayers. So if my wife and I die before we collect my estate gets a payout right? That is not how it works and you know it. Social Security is not life insurance. It is like an annuity where payments stop at you death. If you have a surviving spouse, they will collect the greater of their own benefit or yours. This is a simple example which does not account for different retirement ages. |
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Posted: 5/11/2024 11:33:10 PM EST
[#28]
Quote HistoryQuoted: That is not how it works and you know it. Social Security is not life insurance. It is like an annuity where payments stop at you death. If you have a surviving spouse, they will collect the greater of their own benefit or yours. This is a simple example which does not account for different retirement ages. But what a out the money I paid in? What if we both die at 61? What happens to all that money? It just.... vanishes. (Of course our estates will get $225) Seems like a lot of taxes to pay for nothing no? |
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Posted: 5/11/2024 11:42:19 PM EST
[#29]
Quote HistoryQuoted: But what a out the money I paid in? What if we both die at 61? What happens to all that money? It just.... vanishes. (Of course our estates will get $225) Seems like a lot of taxes to pay for nothing no? 
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Posted: 5/12/2024 12:37:26 AM EST
[#30]
Why is it SS is always running out but nothing else is?
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Posted: 5/12/2024 2:44:00 AM EST
[#31]
Quote HistoryQuoted: The money Traitor Joe Biden pissed away to Ukraine could fix it. Quote HistoryQuoted: The money Traitor Joe Biden pissed away to Ukraine could fix it. Ukraine is the reason social security is going bankrupt How much do we spend on SS every year?  Attached FileActual budget according to “conservatives”  Attached FileQuoted: Who has been funding SS? It hasn’t been the government, it was FICA payroll deductions that funded it. Correct. It should be privatized and not a function of government. People should have the right to opt out. I’d have opted out decades ago. |
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Posted: 5/12/2024 2:51:22 AM EST
[#32]
Quote HistoryQuoted: Why is it SS is always running out but nothing else is? It's not, SSI is. Two completly different things. |
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Posted: 5/12/2024 3:56:19 AM EST
[#33]
Medicare is running out, too. Give it a few years. You'll be on single-payer when they wait until the last minute to "fix" it.
And the Federal government runs out several times a year (you've heard of the debt ceiling, right?). |
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Posted: 5/12/2024 5:45:36 AM EST
[#34]
Quote HistoryQuoted: They are burning the entire economic system down on purpose. They are all in on it. Bull's eye. |
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Posted: 5/12/2024 6:19:13 AM EST
[#35]
Quote HistoryQuoted: Medicare is running out, too. Give it a few years. You'll be on single-payer when they wait until the last minute to "fix" it. And the Federal government runs out several times a year (you've heard of the debt ceiling, right?). If single payer becomes a thing it's going to change the retirement playing field for a vast number of people. I would guess that 25% of the reasonably prepared people in their 50s who are working because of health insurance will just pull chocks and retire. .... And I wouldn't blame them. Playing the long game is for suckers if there are no winners. |
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Posted: 5/12/2024 6:23:08 AM EST
[#36]
Quote HistoryQuoted: Y'all don't get it. They don't believe they can run out of something they can create. |
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Posted: 5/12/2024 6:26:36 AM EST
[#37]
Quote HistoryQuoted: They are talking about SSI, supplemental security income, not Social Security. SSI is funded by the Treasury Department from general revenues not the FICA tax. How is SSI funded The Social Security trust fund is expected to run out in 11 years which is 2035. They have been saying 2034 or 2035 for at least the last five years. ETA SSI is welfare. I believe there are a lot of fake claims. Following Biden logic we should make it easier to file claims. |
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Posted: 5/12/2024 6:30:08 AM EST
[#38]
Quote HistoryQuoted: It isn't when you take into account that your money was already spent paying the folks collecting while you were working. It was always going to be someone else's money paying for the retirees. Beyond just the complete incompatibility with a free market, it's also unsustainable. Taxes WILL have to be raised to keep it around, or retirement ages raised. There simply isn't enough production out there to pay people to do nothing. Genuinely RIGHT NOW Congress could stop this. They could do it WITHOUT taking away social security from the people collecting. Just phase it out. 20 years or out from retirement? You can still collect but at a reduced rate based on your age. Let younger people get higher contribution rates to 401ks and iras and shrink the tax as needed. I would gladly give up all of my social security so my kids don't have to pay into it. You are living in a fantasy. There is ZERO political will to phase out SS. The best option in a world of bad choices is to make the system stable be increasing the full benefit age. People in middle age should expect to save, and if they can't work until 70. Instead, what the absolutist position is going to yield is further money printing and degradation of our currency. |
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Posted: 5/12/2024 6:42:04 AM EST
[#39]
Quote HistoryQuoted: obama admin massively increased the number of SSI recipients when unemployment checks started running out after the 2008 depression - SSI was essentially handed out like candy to placate all the dimwits that voted for him. Quote HistoryQuoted: Quoted: They are talking about SSI, supplemental security income, not Social Security. SSI is funded by the Treasury Department from general revenues not the FICA tax. How is SSI funded The Social Security trust fund is expected to run out in 11 years which is 2035. They have been saying 2034 or 2035 for at least the last five years. ETA SSI is welfare. I believe there are a lot of fake claims. Following Biden logic we should make it easier to file claims.  Attached File |
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Posted: 5/12/2024 6:53:24 AM EST
[#40]
Martin O’Malley was once mayor of Baltimore then governor of MD. He is off the chart left.
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Posted: 5/12/2024 7:52:50 AM EST
[#41]
Quote HistoryQuoted: Do you think boomers don't know about investing and 401k? Quote HistoryQuoted: Quoted: Quoted: Do you know what SSI is and how it is funded? Who receives SSI benefits? I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... Do you think boomers don't know about investing and 401k? Boomers at work taught me about 401ks and explained why I needed to sign up for ours back in the late 80s. 
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Posted: 5/12/2024 7:55:44 AM EST
[#42]
Quote HistoryQuoted: I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... I thought the boomers were rich. Lots of boomers have 401k accounts. There are hardworking and lazy people in all generations. You are chasing ghosts. A lot of boomers are already dead. |
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Posted: 5/12/2024 8:04:35 AM EST
[#43]
Forgive me for not knowing the difference between SS and SSDI as fortunately I have not been disabled so going on disability never entered my mind.
So I looked it up. The average SSDI payment for someone with dependents is $2,720 per month. That is considerably higher than the average SS payment. No wonder they cannot fill hourly jobs when faking a disability pays so well. The way things are currently set up, only chumps work.  |
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Posted: 5/12/2024 8:07:03 AM EST
[#44]
Quote HistoryQuoted: But what a out the money I paid in? What if we both die at 61? What happens to all that money? It just.... vanishes. (Of course our estates will get $225) Seems like a lot of taxes to pay for nothing no? |
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Posted: 5/12/2024 8:26:05 AM EST
[#45]
Quote HistoryQuoted: But what a out the money I paid in? What if we both die at 61? What happens to all that money? It just.... vanishes. (Of course our estates will get $225) Seems like a lot of taxes to pay for nothing no? What happens to all your car insurance premiums if you never have a claim? Do you drive into a tree so you can file a claim? What happens to all your homeowners insurance premiums if you never have a claim. Do you burn your house down to collect! What happens to all your health insurance claims not used to pay for health care? Do you injure yourself so you can collect? If you have term life insurance. Do you kill yourself the day before the policy expires? Do you understand why people buy insurance? |
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Posted: 5/12/2024 8:28:44 AM EST
[#46]
Quote HistoryQuoted: So we should bump up the age you can start pulling from SS to reflect how life expectancy has changed since the 1980’s right? Right? Cause last I checked 62 and just retired isn’t “outliving financial preparations”. Quote HistoryQuoted: Quoted: No. Social Security was a forced Insurance program in case you outlived your financial preparations in old age. We have paid into it our whole lives, they owe us what we paid for. So we should bump up the age you can start pulling from SS to reflect how life expectancy has changed since the 1980’s right? Right? Cause last I checked 62 and just retired isn’t “outliving financial preparations”. Sure. Bump it for newborns. |
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Posted: 5/12/2024 8:30:14 AM EST
[#47]
Quote HistoryQuoted: What happens to all your car insurance premiums if you never have a claim? Do you drive into a tree so you can file a claim? What happens to all your homeowners insurance premiums if you never have a claim. Do you burn your house down to collect! What happens to all your health insurance claims not used to pay for health care? Do you injure yourself so you can collect? If you have term life insurance. Do you kill yourself the day before the policy expires? Do you understand why people buy insurance? I have the option of not buying the insurance or buying policies with lower coverage. What about government mandated Healthcare? Are we okay with that? |
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Posted: 5/12/2024 8:30:15 AM EST
[#48]
Quote HistoryQuoted: Do you think boomers don’t know about investing and 401k? Quote HistoryQuoted: Quoted: Quoted: Do you know what SSI is and how it is funded? Who receives SSI benefits? I do, but honesty unlike boomers i spent my time learning how 401k and brokerage accounts work... I also know that if we are running out in the next decade either we are paying too much out or not enough in.... Do you think boomers don’t know about investing and 401k? Life is too complicated for some, so they resort to idiocy to try and understand it. |
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Posted: 5/12/2024 8:31:14 AM EST
[#49]
So gov is running out of money to a paid into system but unlimited funds for illegals, Ukraine, welfare, etc.?
LOL. |
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Posted: 5/12/2024 8:34:30 AM EST
[#50]
Four pages and still going. Why do you guys care? It’s not like this is going to affect your lives and if it’s going to there is nothing you can do to stop it. Just sit back and enjoy the ride.
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