A Few Thoughts on Social Security

SS puts the bite on you twice. When you are young and working part of your income is withheld for SS. Then, after you've retired, you are taxed on your SS "benefits" to the tune of 85 %. Many people who are on SS have never paid into it because they are disabled. I feel sorry for anyone with a disability but SS was not intended to be welfare.

The “lockbox” money was put into the general fund when Lyndon Johnson want to fight the Vietnam war and fund the “Great Society “ without raising taxes. Nowadays I see way too many people getting disability for “mental health “ issues. There’s no way the system can survive when people who never paid into the system automatically get 800 a month for a mental health issue. You have “baby mommas” coaching they’re children to act out in school so they can get the “crazy checks” If they get children into the hospital for mental health issues on they’re 18th birthday the checks keep coming.

In addition to the employee cuts at SS... DOGE has identified 7 million people ... dead people (over 120 years of age) getting SS and cut them off. He says there are another 5 million out there to be cut. Obviously there ARE people who are 110 years old... there just aren't MILLIONS of them but you wouldn't know that from the amount of SS we're paying to that demographic. When I retired... at the ripe old age of 63, I began taking SS immediately. My Dem wife remarked "I thought you Republicans didn't like SS." We don't. But we don't want to leave money on the table when we paid for it to be there. My dad died at 62. My older sister died at 57. I figured that I might not get all of it back... which, by now, I have. But unless something is seriously done and/or we get some great growth going, there'll be a day when my benefit is cut. One last thing. FDR sponsored and signed into law Social Security for a simple reason. SS was being promoted by socialists. It was THEIR idea and it was making them popular. Remember, that was in the 30s during the Depression... the same thing that gave Germany their national socialists. So he stole the idea and remained in the WH. Selah.

As a Gen X, this is very infuriating for both my husband and I. We will have paid just as much as boomers into this, but unlike boomers, won’t get any of our money back…

Here are a few more thoughts for you. Those annual ss raises will be more than erased by the annual increases in your medicare premiums. And ss, taxed twice, not deductible from your taxes when the income is earned, and added to your taxable income when you retire, will not cover the taxes you will pay in retirement, so you will be giving it all back to the government with a check at the end of the year. As for ss contractual agreement with you, it can be, and has been amended at will by the government, adding millions of people who paid little or nothing.

If you make maximum payment into SS for 41 quarters you get maximum SS payout. I made over 120 quarters of max payments. What happens to the other 80 ? I just consider it a tax and don’t stay awake at night fretting over it.

I tried to think of my payments in, as giving a check to my grandmother, who lived to be 98. It helped me. When it came time for me to receive some back, I chose to draw early and take less. One, because I can picture a day when the politicians will means test it (if you have assets we won't give it to you) Two, as I calculated it, it would have taken 15 years to break even (for the first 15 years I was ahead because I got checks for 2 years that I would not have gotten the other way). I may not live long enough to get to the break even mark. So don't fall for the ruse of delay and you get more.

Just like every other government fund, SS started out with claimed good intentions and then became another piggy bank for the parasite class. In it's original form, as a retirement savings plan, it was not great but it worked and was self-funded. The usual suspects learned how to work the system. Disability should have its own program and mental health has become an overpriced field for problems that are never cured, just drugged and tolerated.

I will get back the money I paid in but if you double the amount in, considering inflation and a modest interest rate, I won't. I can actually live off my SS (I am frugal) so the money I have saved up and not drawing on will help my kids when they inherit it and get old and feeble (at least that is my theory).

SS was a dim-0s scheme to rob the working man, right from it inception. To begin with, you had to be 65 years old to draw and yet, at that time, the average life span was 59 years.

One thing Zoernig is confused about is that the SS money is not there. It was never there. The so-called Social Security Trust Fund is just a shell. There is no money in it. Just an IOU. Your FICA taxes go into the federal government's general fund to cover day to day expenses. I paid FICA taxes out of my paycheck during my entire working years. I'm thankfully expecting to recover all of it in the form of my monthly SS "benefit" net of my medicare Part B premium soon. I'm one of the fortunate few. But to be sure, the return on the investment is poor. The government didn't invest the money for you. I will now repeat some of my observations again. When W was President, he floated the concept of converting the social security system into a 401k-like system. The money you paid into your individual account was only yours and to be invested as you so chose. Congress laughed W out of the room. Congress must sunset the social security system in its current form. A phase-out of benefits based on an individual's age must be adopted. Old people would be fine until they expire. Those middle-aged would be eligible for a reduced benefit. But individuals younger than a certain age would not be eligible to the system at all. Illegals of any age would not be eligible to receiving any benefits. Transitioning to the individual payer 401k-like system W proposed 20 years ago is the only viable solution. Sorry for this news. It's the only way out as I see it.

Okay folks...settle down...help is on the way...President Trump is coming through with the way to save Social Security....and stop taxing our well earned benefits...just give him time to deal with china and Russia for now...help is on the way...President Trump is here to stay...for four years...and perhaps more?...oh baby wouldn't that set the democrats off....a second term after 47?... I luv the idea....but I think JDVance can do the job.....

#12 PDJT was virtually our President in Exile while FJB was occupewing the Oval Office. He used that time to formulate what he wanted to do for his next term. It will be nigh impossible for him to have a third official term, but if the DemoRoids popularity continues to fall like an anvil, the Republicans might be able to hold onto both congressional houses and make significant gains in blue state legislatures and gubernatorial mansions. True, it's a long shot, but PDJT 2.0 is the most consequential President we've had since Ronaldus Maximus Reagan. And, as for his successor, I like VP JD Vance more and more every time I read about him or hear him speak. I don't think we could have a better VP.

Yea, and on top of the BS, you never did or will get 1 red cent in interest on YOUR MONEY supposedly sitting in your lock box...then Joey shows up and steals OUR MONEY to give to ILLEGALS. I demand PRISON TIME for all involved in this SHAM!!!!!!!!!!!!!!!