If the government stopped sending our tax dollars to foreign nations, ‘charities’, NGOs and corporations , they could work on fixing the issues with social security and Medicare. You know….America First
Even though he doesn’t say it explicitly, I think President Trump has a plan for saving Social Security.
Tariffs to increase revenues and decrease deficit spending. Lower deficits undercut calls to cut Social Security.
Tariffs to unleash a domestic manufacturing boom. Increased employment, better wages, increased tax and social security revenues.
End the Federal Reserve and the exorbitant interest rates the Government is paying. As President Trump has pointed out, we could be actually be reducing the National Debt, if we had an appropriate prime rate.
Establish a Sovereign Wealth Fund that accumulates wealth versus the current approach which erodes wealth.
Buy time. As a person from the final years of the baby boom, I like this the least, but it’s reality. The life expectancy in the U.S. is 79 years which means a significant percentage of the baby boomers will be gone over the next 10 to 15 years. This will dramatically decrease the amount of Social Security being paid out.
I wish I could find it, but someone here predicted that SCOTUS would block the tariffs levied under the IEEPA, but they gave examples of how the Trump Administration had other avenues to levy tariffs. Since it was a comment and not a post it’s practically impossible to find.
Yes, thank-you. After I made that comment, I read further the pathways that DJT could take and which he did take. I appreciate your feedback. If your two sons are indeed marines, please thank them on my behalf for their service. Not all young men and women today are capable/able or willing to train so rigorously as is required to be a marine. We are all safer by having your sons in such an esteemed position. May God keep them safe.
My dad gave me permission to use his tractor to bury him behind the barn and keep cashing his social security checks when he dies so I can "see some of my tax money back too". I'm not sure if he's joking.
If you listen to some like Elon Musk, the near future will be ai/robotics with no need to work and universal high income, so no need for social security. I have my doubts, and at 64, my financial plans aren't betting on that. I also don't like what that means. It sounds socialist/communist utopia talk to me. Who's in charge? Tech leaders? The only one I trust is Elon. So they would just take him out in that case. Capitalism is based on being rewarded for you work. That's the system I want. Without the fraud/democrasocialcommunists.
I believe that Trump will take some tariff money and put it in the Social Security “Lock Box” by buying US debt and hopefully some in very broad stock indexes.
Older people should have held politicians accountable and realized that the system is insolvent. Their unwillingness to fix the problem does not fall on younger generations to solve.
Abolish it, stop mandatory paying in. Let the system pay out what it has but dont force the youth to pay into something they'll never be able to use. That's the worst kind of theft, stealing from your grandchildren to pay for your lifestyle.
My guess is that at some point in the near future, new and young people entering the work force will be made to pay into SS and the cutoff for future benefits will be set at a certain age, like 40 maybe. Younger folks will then be allowed to invest for the future on their own, and as the over-40 working folks (or whatever the age cutoff will be) will be allowed to file for benefits after retiring, perhaps at an older retirement age, and over time all those recipients will pass away. SS will eventually wither on the vine and by, say 2050 or 2060, there will be no more SS. When the last handful of recipients die off, SS will close.
If the government stopped sending our tax dollars to foreign nations, ‘charities’, NGOs and corporations , they could work on fixing the issues with social security and Medicare. You know….America First
Even though he doesn’t say it explicitly, I think President Trump has a plan for saving Social Security.
Tariffs to increase revenues and decrease deficit spending. Lower deficits undercut calls to cut Social Security.
Tariffs to unleash a domestic manufacturing boom. Increased employment, better wages, increased tax and social security revenues.
End the Federal Reserve and the exorbitant interest rates the Government is paying. As President Trump has pointed out, we could be actually be reducing the National Debt, if we had an appropriate prime rate.
Establish a Sovereign Wealth Fund that accumulates wealth versus the current approach which erodes wealth.
Buy time. As a person from the final years of the baby boom, I like this the least, but it’s reality. The life expectancy in the U.S. is 79 years which means a significant percentage of the baby boomers will be gone over the next 10 to 15 years. This will dramatically decrease the amount of Social Security being paid out.
Looks like for now tariffs are out the door after the SCOTUS ruling.
I wish I could find it, but someone here predicted that SCOTUS would block the tariffs levied under the IEEPA, but they gave examples of how the Trump Administration had other avenues to levy tariffs. Since it was a comment and not a post it’s practically impossible to find.
Yes, thank-you. I read the other avenues DJT was taking after I read the Scotus ruling and made the comment.
Get better educated:
https://www.coffeeandcovid.com/p/tariff-turnabout-saturday-february?utm_campaign=post&utm_medium=email&triedRedirect=true
Yes, thank-you. After I made that comment, I read further the pathways that DJT could take and which he did take. I appreciate your feedback. If your two sons are indeed marines, please thank them on my behalf for their service. Not all young men and women today are capable/able or willing to train so rigorously as is required to be a marine. We are all safer by having your sons in such an esteemed position. May God keep them safe.
just max out all credit cards and file bankruptsy. Play their game
My dad gave me permission to use his tractor to bury him behind the barn and keep cashing his social security checks when he dies so I can "see some of my tax money back too". I'm not sure if he's joking.
lol The law will find we small guys and toss us away. Its the obvious ones that get away.
All 24 of them?
even more get more first
If you listen to some like Elon Musk, the near future will be ai/robotics with no need to work and universal high income, so no need for social security. I have my doubts, and at 64, my financial plans aren't betting on that. I also don't like what that means. It sounds socialist/communist utopia talk to me. Who's in charge? Tech leaders? The only one I trust is Elon. So they would just take him out in that case. Capitalism is based on being rewarded for you work. That's the system I want. Without the fraud/democrasocialcommunists.
I believe that Trump will take some tariff money and put it in the Social Security “Lock Box” by buying US debt and hopefully some in very broad stock indexes.
Older people should have held politicians accountable and realized that the system is insolvent. Their unwillingness to fix the problem does not fall on younger generations to solve.
Abolish it, stop mandatory paying in. Let the system pay out what it has but dont force the youth to pay into something they'll never be able to use. That's the worst kind of theft, stealing from your grandchildren to pay for your lifestyle.
My guess is that at some point in the near future, new and young people entering the work force will be made to pay into SS and the cutoff for future benefits will be set at a certain age, like 40 maybe. Younger folks will then be allowed to invest for the future on their own, and as the over-40 working folks (or whatever the age cutoff will be) will be allowed to file for benefits after retiring, perhaps at an older retirement age, and over time all those recipients will pass away. SS will eventually wither on the vine and by, say 2050 or 2060, there will be no more SS. When the last handful of recipients die off, SS will close.
My best guess.
If I recall, 45-47 has said he is going to protect/save/fund SS.
I guess we’ll see….
Sauce
🤔