U.S. Debt clock now has “USA treasury reserve” and “restitution per tax payer”.
(media.greatawakening.win)
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Plus, gotta up social security monthly payments to retirees. They've paid a lifetime of usurious taxes yet receive peanuts comparatively.
Golden Age for their golden years.
Not so. I received every penny of my lifetime SS payments in less than 3 years of checks. I have the documentation to prove it. Every penny I get in SS today comes from current taxes. I have been on SS for almost 10 years.
I think most SS retirees have zero idea how much they actually paid in versus how much they are getting.
It was even worse many years ago. My grandfather was a farmer and never paid SS. The government said he could pay a few hundred dollars to buy some quarters of credit and start getting SS checks. He got more in the first check than he had paid for the credits. And he lived on SS for 25 years.
Since in my grandfather's county (as in my own), there were no property taxes if your only income was SS, and he had no bills other than electricity and kerosene, he told me that he was making more money from SS than he could spend. A year before he died, he told me that he wanted to go on a trip and not leave a cent behind for anyone to fight over. I took him on that trip 50 years ago. He paid for everything, and we had a great time. He was 90 years old at the time.
So SS retirees receive much more than they contributed, unless they die in the first two years after getting SS.
Dying soon after retiring is a real thing, many studies have been done on this phenomena.
My father did, but I don't intend to do that. I have been retired over 20 years and hope to be around another 20 or 30 years. I am in better health now than I was 10 years ago.
Good for you. I hope you go for at least 30 plus more.
absolutely, so for the grand COLA being at 4% for 2027, medicare will claw back half of that with increased premiums, and our secondary insurance will claw back most of the other half...this is a NOT-FUNNY joke for old folks! thanks for the chance to vent for a minute, now i'll go back and finish my can of cat food for lunch...