You can thank dUMBOCRAP lyndon b johnson in the late 60's who changed the dedicated social security fund to a GENERAL fund so ALL politicians could steal the funds for their pet projects. Hence, the reason ss is broke. Add in illegal fucking aliens (thanks obiden, another DUMBOCRAP) stealing from ss that haven't paid in a dime.
That is a common social media assertion but its not true. The social security fund is among the most audited in Federal history. The reason it will be insolvent in about five years is simple; the boomer cohort is the largest population subset in the entire world and they have been retiring in numbers too great for the fund to handle because they are drawing nearly twice the benefit value than they contributed and they're doing it for far longer than originally anticipated.
The Social Security Act was not written to be a comprehensive and well developed retirement plan for seniors. It is required by law to be handled in very specific ways - but those mandates were written by politicians and lobbyists - not financial planners or fund managers so the fund itself never grew according to the market or indeed alongside inflation. It's not poorly managed, it was poorly conceived from the start. There's no vast conspiracy to defraud the taxpayer in this instance. We know how the fund was legally mandated to be invested, we know how it was maintained, we know what went out and what went in... It's not missing any money.
Too many people are drawing too much for too long. End of story. But I agree, FDR was a both a communist and zionist sympathizer and his policies have all but destroyed the United States. Abolish the Social Security Act and let the current batch of greedy cunts drain what little remains.
No more Federal entitlement spending. We're broke and the dollar is in terminal collapse.
Exactly. This is also a plausible reason for massive pushes in immigration. Social security used to be your family...now it is money from the government.
I can't play relative privation. They all have the same root structure and I don't support any of it but pensions don't exist anymore. Haven't in decades. 401's, IRA, employer matched retirement savings accounts, etc... Pensions died with GI Generation aside from a few union holdouts.
No, they have a retirement account. For example, at the federal level there is FERS, the Federal Employee Retirement System. It IS NOT a pension plan. I think you need to update your knowledge base by a few decades. Not trying to be rude but either you're operating with assumptions based on bad data or you're misapplying terminology without understanding the fundamental distinctions involved.
Every year there are hundreds of thousands of people that max out their SS payments and are no longer required to donate. These jobs usually require an extensive education and or are high risk to equal the pay.
When these people retire they are gifted with a mere $2700 per month. That's $32,000 a year.
So let's do the math-
$168,000 x 6.2%= $10,416
Let me remind you that each employer is REQUIRED to match that amount. (I'd also like to remind you that another 6.2% is taken for medicare but we won't talk about that.
So $20,832 is donated to the feral government per year for 40 years to be eligible.
$833,280. Divided by ??????? 67 years-78 years(average lifespan of US males) 11= $75,752 per year........
Yeahhhh, that doesn't sound like a good deal AT ALL. I wonder where the money went? oh wait, no I don't. It was that pos that worked a bare minimum job all his life and is getting TWICE what he put in.
We cannot afford to pay enormous welfare checks and unlimited free healthcare to every american over 65. Older americans are making a killing off SS, usury, medicare, pensions, etc— none of which are increasing productivity. Many of these people are healthy and stay healthy into their 70s and 80s. Weve destroyed the ability to save with inflation. We need to hold families responsible to sustain their own old people. We cant have retirees living like millionaires because they were grade school teachers ffs. I know a bunch of em. Social security is socialism. Its impoverishing workers.
You paid roughly 53% of the benefit you currently receive and if you are a member of the largest, most powerful, richest, and most entitled cohort of humans ever to walk the earth - yet you didn't save for your own retirement - that's your fucking problem. Social Security was supposed to be a safety net, not a socialized retirement plan.
How about expressing gratitude for being able to have it better than any group that ever was or will be again. And it's not $1200; the average payout is roughly $2000.
I think the last time I checked, I am getting $1850, but for the past few years, my statements have had a disclaimer in fine print stating something like I may only receive like 80% of that.
I didn't know you were a negro, but you'll understand that if I had, you would be correct; I'd have made that assumption. It's not a personal thing, it's just that generally, negros are unfathomably stupid as a rule. Even the brightest two standard deviation outlier is only equivalent to a moderately capable European.
Tax-paying fool. Worse, him and his taxpaying associates are the people who supported jewish supremacy becoming the law of the land. He's lucky he doesn't get what he deserves.
[ + ] HonkyMcNiggerSpic
[ - ] HonkyMcNiggerSpic 3 points 5 monthsJan 1, 2025 14:58:17 ago (+3/-0)
[ + ] Leveraction
[ - ] Leveraction 2 points 5 monthsJan 1, 2025 18:49:53 ago (+2/-0)
You vote dumbocrap, this is what you get.
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 1, 2025 19:06:21 ago (+1/-1)*
The social security fund is among the most audited in Federal history.
The reason it will be insolvent in about five years is simple; the boomer cohort is the largest population subset in the entire world and they have been retiring in numbers too great for the fund to handle because they are drawing nearly twice the benefit value than they contributed and they're doing it for far longer than originally anticipated.
The Social Security Act was not written to be a comprehensive and well developed retirement plan for seniors. It is required by law to be handled in very specific ways - but those mandates were written by politicians and lobbyists - not financial planners or fund managers so the fund itself never grew according to the market or indeed alongside inflation. It's not poorly managed, it was poorly conceived from the start.
There's no vast conspiracy to defraud the taxpayer in this instance. We know how the fund was legally mandated to be invested, we know how it was maintained, we know what went out and what went in... It's not missing any money.
Too many people are drawing too much for too long.
End of story.
But I agree, FDR was a both a communist and zionist sympathizer and his policies have all but destroyed the United States.
Abolish the Social Security Act and let the current batch of greedy cunts drain what little remains.
No more Federal entitlement spending.
We're broke and the dollar is in terminal collapse.
[ + ] firestation7
[ - ] firestation7 0 points 5 monthsJan 1, 2025 19:36:22 ago (+0/-0)
[ + ] DitchPig
[ - ] DitchPig -1 points 5 monthsJan 1, 2025 20:52:38 ago (+0/-1)
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 1, 2025 22:37:58 ago (+0/-0)*
They all have the same root structure and I don't support any of it but pensions don't exist anymore.
Haven't in decades.
401's, IRA, employer matched retirement savings accounts, etc...
Pensions died with GI Generation aside from a few union holdouts.
[ + ] DitchPig
[ - ] DitchPig -1 points 5 monthsJan 1, 2025 23:00:54 ago (+0/-1)
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 2, 2025 03:55:23 ago (+0/-0)*
For example, at the federal level there is FERS, the Federal Employee Retirement System.
It IS NOT a pension plan.
I think you need to update your knowledge base by a few decades.
Not trying to be rude but either you're operating with assumptions based on bad data or you're misapplying terminology without understanding the fundamental distinctions involved.
[ + ] DitchPig
[ - ] DitchPig 0 points 5 monthsJan 2, 2025 10:40:39 ago (+0/-0)
You're just fucking wrong, bro.
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 2, 2025 16:41:31 ago (+0/-0)*
I did.
It's about Social Security, not actual pensions.
There are no pensions anymore.
There are retirement accounts, usually comprised of several fund packages or employer-matched products.
It doesn't matter how strongly you feel about something, if you don't know anything about the topic - perhaps you should not speak.
[ + ] SilentByAssociation
[ - ] SilentByAssociation 0 points 5 monthsJan 1, 2025 22:30:42 ago (+0/-0)
[ + ] RMGoetbbels
[ - ] RMGoetbbels 1 point 5 monthsJan 1, 2025 20:14:47 ago (+1/-0)
When these people retire they are gifted with a mere $2700 per month. That's $32,000 a year.
So let's do the math-
$168,000 x 6.2%= $10,416
Let me remind you that each employer is REQUIRED to match that amount. (I'd also like to remind you that another 6.2% is taken for medicare but we won't talk about that.
So $20,832 is donated to the feral government per year for 40 years to be eligible.
$833,280. Divided by ??????? 67 years-78 years(average lifespan of US males) 11= $75,752 per year........
Yeahhhh, that doesn't sound like a good deal AT ALL. I wonder where the money went? oh wait, no I don't. It was that pos that worked a bare minimum job all his life and is getting TWICE what he put in.
[ + ] PostWallHelena
[ - ] PostWallHelena 1 point 5 monthsJan 1, 2025 20:06:49 ago (+1/-0)
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 1 point 5 monthsJan 1, 2025 17:18:42 ago (+1/-0)
How about expressing gratitude for being able to have it better than any group that ever was or will be again. And it's not $1200; the average payout is roughly $2000.
[ + ] PostWallHelena
[ - ] PostWallHelena 1 point 5 monthsJan 1, 2025 19:41:18 ago (+1/-0)
I agree that social security is welfare and it should be ended. Other things have to be fixed simultaneously.
[ + ] TheBigGuyFromQueens
[ - ] TheBigGuyFromQueens 0 points 5 monthsJan 1, 2025 22:49:38 ago (+1/-1)
$1850, but for the past few years, my statements have had a disclaimer in fine print stating something like I may only receive like 80% of that.
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 2, 2025 03:55:58 ago (+0/-0)
Some may receive more, some less.
[ + ] TheBigGuyFromQueens
[ - ] TheBigGuyFromQueens -1 points 5 monthsJan 2, 2025 05:15:42 ago (+0/-1)
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 0 points 5 monthsJan 2, 2025 16:48:22 ago (+0/-0)
It's not a personal thing, it's just that generally, negros are unfathomably stupid as a rule.
Even the brightest two standard deviation outlier is only equivalent to a moderately capable European.
[ + ] observation1
[ - ] observation1 1 point 5 monthsJan 1, 2025 16:59:50 ago (+1/-0)
[ + ] xmasskull
[ - ] xmasskull 1 point 5 monthsJan 1, 2025 14:48:56 ago (+1/-0)
[ + ] mikenigger
[ - ] mikenigger 0 points 5 monthsJan 2, 2025 05:39:58 ago (+0/-0)
[ + ] texasblood
[ - ] texasblood 0 points 5 monthsJan 1, 2025 20:08:17 ago (+0/-0)
[ + ] Sector2
[ - ] Sector2 -2 points 5 monthsJan 1, 2025 15:15:08 ago (+1/-3)