not to worry. all the excuses are a distraction from the real plan---> politicians steal from all government accounts.
remember the $20b stole in MN, and the estimated $70b that kalifornicate stole. they distract with whoopdy-doo BS (illegals, climate, wars, fires) and never go to prison while they buy secret mansions. they'll keep feeding the masses cuz they dont want to be pulled out of their burning mansions by the mob. its a very delicate balance and commies are the best at it- until there are too many commissars (like china). islam is similar except they kill their own to keep the commissar class in check.
lmao, there won't be any SS for you or I when we retire.
Ever since college, I realized I will not get SS, it will be long gone/wasted/given to illegals, before I ever get a chance to claim what I've bene paying into.
Thanks for commenting. I have been retired since 2006 (early disability). Although I'm 72 as of the 4th of next month I will probably have to live well into my 90's to get even with SS but I will sure as hell try. What's to loose? It should be me that's laughing my ass off I'm catching up.
Ah, yeah you are unlucky, in that you grew up expecting to see a return on your hard work.
Now you older pedes are SCREWED, as inflation has wrecked your plans, and the measly $2200 a month you get, barely covers even a shitty apartment :(
I haven't gotten to the point where I can worry about working at walmart just to not be homeless at 90, but something needs to be done. The democrats are signing any and EVERY 3rd world shithole person who sneaks into america full on SS benefits, which is INSANE
Estimates of how much the federal government has borrowed from the Social Security Trust Fund for other spending range from $1.7 trillion to $2.9 trillion,
depending on the source and date of calculation. Historical data from the Bush administration cited a borrowing figure of $1.7 trillion, while more recent analyses estimate the outstanding debt to the fund at approximately $2.9 trillion in special-issue securities.
Nature of the Funds: The money taken was not "stolen" in a legal sense but was used to purchase special-issue Treasury bonds, which are IOUs backed by the full faith and credit of the U.S. government. By law, surplus payroll taxes must be invested in these non-marketable securities, allowing the Treasury to use the cash for general government operations while crediting the Trust Fund with interest.
Financial Implications: As the program faces cash-flow deficits, the Treasury must redeem these bonds to pay benefits, requiring it to raise money through higher taxes, spending cuts, or increased public borrowing. Projections indicate that without legislative action, the Trust Fund reserves could be depleted by 2033 or 2034, at which point incoming taxes would cover only about 77% to 81% of scheduled benefits.
Estimates of how much the federal government has borrowed from the Social Security Trust Fund for other spending range from $1.7 trillion to $2.9 trillion, 😥
depending on the source and date of calculation. Historical data from the Bush administration cited a borrowing figure of $1.7 trillion, while more recent analyses estimate the outstanding debt to the fund at approximately $2.9 trillion in special-issue securities.
Nature of the Funds: The money taken was not "stolen" in a legal sense but was used to purchase special-issue Treasury bonds, which are IOUs backed by the full faith and credit of the U.S. government. By law, surplus payroll taxes must be invested in these non-marketable securities, allowing the Treasury to use the cash for general government operations while crediting the Trust Fund with interest.
Financial Implications: As the program faces cash-flow deficits, the Treasury must redeem these bonds to pay benefits, requiring it to raise money through higher taxes, spending cuts, or increased public borrowing. Projections indicate that without legislative action, the Trust Fund reserves could be depleted by 2033 or 2034, at which point incoming taxes would cover only about 77% to 81% of scheduled benefits.
There was always just an accounting whereby government tracks how it seizes money and distributes money. By that accounting, it distributes more things treated as money than it seizes, and people have allowed that.
In 2010 the accounting showed that SS itself was also putting out more than it took in. But there's no "lockbox" because there's no treasury where the national debt or any other obligation is secured, there's only contingency planning in case we ever need to pretend to prove security.
SS has been a Ponzi scheme since 1935. There are only two ways out of a Ponzi scheme, go honest or get caught. The cost of going honest always gets greater and pretenses to address it have not stopped the bleeding. Trump has done much to address the core problem, and cannot give us real numbers as to how much it's addressed unless there is some major announcement. But even then evidence indicates it will be a mix of going honest and redirecting the scheme to other things, because too many Americans want the scheme to continue. And the day of reckoning, the final end of SS, will still come, either by turning it fully into something honest, or by massive collapse.
The elites don't care about the accounting, only about whether its theft exceeds what they think the public will bear. God set a natural limit for these things in Revelation 6: when people cannot feed themselves as measured by wheat and barley prices, there will be collapse. The elite play the game of balancing their stealing, little enough not to awaken the masses, but big enough to satisfy their enlarging appetites. Catastrophe is inevitable and the only solution is to come out of the system. It's unclear how much SS will come out and how much will be destroyed.
Not worried. They can just DOGE all the money needed for Social Security. There's so much fraud, they can't ever hope to lie to us again about running out of money. That ship has sailed.
The effective interest rate earned on all obligations held by the trust funds in 2022 was 2.4%; the average interest rate on new special issues was 3.0%. The trust funds earned approximately $66.4 billion in interest in 2022, representing 5.4% of Social Security's total income.
The income taxes that we pay on social security also goes into Social Security. Thus causing the challenge on the no tax on Social Security pledge. I am hoping that pledge is fulfilled. I am also hoping that some of the tariff money is used to shore up Social Security.
Let us see if trump forces the "gov" to pay it back? I mean we be paying ourselves. Seems like we gotta just keepnprinting money until its completely worthless. Shouldnt take much more.
Won't they be angry to find out I plan to live long enough to get it all back. + Interest.
not to worry. all the excuses are a distraction from the real plan---> politicians steal from all government accounts.
remember the $20b stole in MN, and the estimated $70b that kalifornicate stole. they distract with whoopdy-doo BS (illegals, climate, wars, fires) and never go to prison while they buy secret mansions. they'll keep feeding the masses cuz they dont want to be pulled out of their burning mansions by the mob. its a very delicate balance and commies are the best at it- until there are too many commissars (like china). islam is similar except they kill their own to keep the commissar class in check.
lmao, there won't be any SS for you or I when we retire.
Ever since college, I realized I will not get SS, it will be long gone/wasted/given to illegals, before I ever get a chance to claim what I've bene paying into.
Absolute ponzi scam.
Thanks for commenting. I have been retired since 2006 (early disability). Although I'm 72 as of the 4th of next month I will probably have to live well into my 90's to get even with SS but I will sure as hell try. What's to loose? It should be me that's laughing my ass off I'm catching up.
Ah, yeah you are unlucky, in that you grew up expecting to see a return on your hard work.
Now you older pedes are SCREWED, as inflation has wrecked your plans, and the measly $2200 a month you get, barely covers even a shitty apartment :(
I haven't gotten to the point where I can worry about working at walmart just to not be homeless at 90, but something needs to be done. The democrats are signing any and EVERY 3rd world shithole person who sneaks into america full on SS benefits, which is INSANE
Your next birthday is going to be super awesome with extra fireworks
There's a few I don't remember but getting a year older has always been a raucous event. With the Good Lords blessings it always will be.
😒
Estimates of how much the federal government has borrowed from the Social Security Trust Fund for other spending range from $1.7 trillion to $2.9 trillion,
depending on the source and date of calculation. Historical data from the Bush administration cited a borrowing figure of $1.7 trillion, while more recent analyses estimate the outstanding debt to the fund at approximately $2.9 trillion in special-issue securities.
Nature of the Funds: The money taken was not "stolen" in a legal sense but was used to purchase special-issue Treasury bonds, which are IOUs backed by the full faith and credit of the U.S. government. By law, surplus payroll taxes must be invested in these non-marketable securities, allowing the Treasury to use the cash for general government operations while crediting the Trust Fund with interest.
Financial Implications: As the program faces cash-flow deficits, the Treasury must redeem these bonds to pay benefits, requiring it to raise money through higher taxes, spending cuts, or increased public borrowing. Projections indicate that without legislative action, the Trust Fund reserves could be depleted by 2033 or 2034, at which point incoming taxes would cover only about 77% to 81% of scheduled benefits.
AI-generated answer. Please verify critical facts.
Estimates of how much the federal government has borrowed from the Social Security Trust Fund for other spending range from $1.7 trillion to $2.9 trillion, 😥
depending on the source and date of calculation. Historical data from the Bush administration cited a borrowing figure of $1.7 trillion, while more recent analyses estimate the outstanding debt to the fund at approximately $2.9 trillion in special-issue securities.
Nature of the Funds: The money taken was not "stolen" in a legal sense but was used to purchase special-issue Treasury bonds, which are IOUs backed by the full faith and credit of the U.S. government. By law, surplus payroll taxes must be invested in these non-marketable securities, allowing the Treasury to use the cash for general government operations while crediting the Trust Fund with interest.
Financial Implications: As the program faces cash-flow deficits, the Treasury must redeem these bonds to pay benefits, requiring it to raise money through higher taxes, spending cuts, or increased public borrowing. Projections indicate that without legislative action, the Trust Fund reserves could be depleted by 2033 or 2034, at which point incoming taxes would cover only about 77% to 81% of scheduled benefits.
AI-generated answer. Please verify critical facts.
There was NEVER income or trust fund or debt.
There was always just an accounting whereby government tracks how it seizes money and distributes money. By that accounting, it distributes more things treated as money than it seizes, and people have allowed that.
In 2010 the accounting showed that SS itself was also putting out more than it took in. But there's no "lockbox" because there's no treasury where the national debt or any other obligation is secured, there's only contingency planning in case we ever need to pretend to prove security.
SS has been a Ponzi scheme since 1935. There are only two ways out of a Ponzi scheme, go honest or get caught. The cost of going honest always gets greater and pretenses to address it have not stopped the bleeding. Trump has done much to address the core problem, and cannot give us real numbers as to how much it's addressed unless there is some major announcement. But even then evidence indicates it will be a mix of going honest and redirecting the scheme to other things, because too many Americans want the scheme to continue. And the day of reckoning, the final end of SS, will still come, either by turning it fully into something honest, or by massive collapse.
The elites don't care about the accounting, only about whether its theft exceeds what they think the public will bear. God set a natural limit for these things in Revelation 6: when people cannot feed themselves as measured by wheat and barley prices, there will be collapse. The elite play the game of balancing their stealing, little enough not to awaken the masses, but big enough to satisfy their enlarging appetites. Catastrophe is inevitable and the only solution is to come out of the system. It's unclear how much SS will come out and how much will be destroyed.
Lots of fraud!
Not worried. They can just DOGE all the money needed for Social Security. There's so much fraud, they can't ever hope to lie to us again about running out of money. That ship has sailed.
There are special bonds in the trust fund.
The effective interest rate earned on all obligations held by the trust funds in 2022 was 2.4%; the average interest rate on new special issues was 3.0%. The trust funds earned approximately $66.4 billion in interest in 2022, representing 5.4% of Social Security's total income.
The income taxes that we pay on social security also goes into Social Security. Thus causing the challenge on the no tax on Social Security pledge. I am hoping that pledge is fulfilled. I am also hoping that some of the tariff money is used to shore up Social Security.
Let us see if trump forces the "gov" to pay it back? I mean we be paying ourselves. Seems like we gotta just keepnprinting money until its completely worthless. Shouldnt take much more.
I’m pulling the plug at 62…I’ll pay the penalty for making more -
It's not just that; they steal from you again with "deductions" from your monthly allocation.
I took the other path...I'm less than a calendar from being "forced" to sign up.
FUCK when a 125 year old is getting a SS check, or tens of thousands of checks over seas