Things you can look forward to…
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Daylight63
Verified User
House Republican Budget Plans Would Cut Social Security Benefits
The Republican Study Committee, which represents nearly 80 percent of House Republicans and 100 percent of House Republican leadership, has released a 2025 budget that would make Republican plans to gut Social Security a reality. By forcing Americans to work longer for less, their budget would...
democrats-budget.house.gov
FACT SHEET: 80% of House Republicans Release Plan Targeting Medicare, Social Security, and the Affordable Care Act, Raising Costs, and Cutting Taxes for the Wealthy | The White House
In his State of the Union Less than two weeks ago, President Biden laid out his vision for an economy that gives the middle class a fair shot. He also
cawacko
Well-known member
Two of those links are from Democrats in office. Not exactly an unbiased source. And the other link is from 2023.House Republican Budget Plans Would Cut Social Security Benefits
The Republican Study Committee, which represents nearly 80 percent of House Republicans and 100 percent of House Republican leadership, has released a 2025 budget that would make Republican plans to gut Social Security a reality. By forcing Americans to work longer for less, their budget would...
FACT SHEET: 80% of House Republicans Release Plan Targeting Medicare, Social Security, and the Affordable Care Act, Raising Costs, and Cutting Taxes for the Wealthy | The White House
In his State of the Union Less than two weeks ago, President Biden laid out his vision for an economy that gives the middle class a fair shot. He alsowww.whitehouse.gov
Is there anything else backing this claim there will be these massive cuts to SS in the next Congress?
Daylight63
Verified User
Hey, it doesn't matter now. We'll see what they do. But given the FACT that the GOP has steadily pushed for the privatization of pretty much EVERYTHING it matches the pattern.
Doesn't matter now, though.
All I ask is when the GOP finally DOES eliminate SS will you folks who supported Trump be willing to say "Yeah we might have gotten that one wrong"?
cawacko
Well-known member
It does matter. Massive changes to one of the largest programs in our country isn't just going to happen in the dark of the night. Like health care, it will be discussed and debated - heavily.
It's like we're still in campaign season, where each side tries to scare voters about what the others will do. Except the election is over. So people keep making these claims that something huge is coming but nothing to back it up.
cawacko
Well-known member
To me it's like when Republicans say "Democrats are going to take away all our guns" and then fellow Republicans will all chime in in agreement and give each other thanks/likes online etc. But ask what legislation Democrats are proposing that will do that and you get the same response "it doesn't matter because it matches what they want to do (take away guns)".
Daylight63
Verified User
From your mouth to God's ears. But then I would never have expected that one party would openly STEAL a SCOTUS seat and that one party would SUCCESSFULLY RUN AND GET ELECTED A FELON and still call themselves the party of Law and Order.
No. We on the Left are just reminding the Trump voters what they actually VOTED FOR. We are all stuck with this now. There is no advantage to be had by the opposition. We are toast. We just want to remind the other side that whatever happens next is ON THEM.
I truly hope it works out somehow. I truly do.
But I'm not an idiot.
Trump PROMISED HUGE CHANGES. That is what he was elected TO DO. I'm OK if he, as per usual, breaks his promises. But that is EXACTLY what Americans voted for.
Can't have it both ways. People voted to have the shit stirred, now they can't run away for fear of the smell.
Daylight63
Verified User
Fair enough. But the GOP DID steal a SCOTUS seat, so I think their tendency to take bold actions as counters to American governmental norms is quite well established.
I can't see the party that just elected a FELON would be all that caught up in the niceties of moderating how they use the current advantage we just gave them.
cawacko
Well-known member
He ran on a platform of not touching S.S. He attached any Republicans who at any time talked of reforming S.S.
I would LOVE to see changes made to S.S. but it never happens.
Daylight63
Verified User
Previously he ran on a platform of building a wall Mexico would pay for.
That didn't work, but I'm SURE this one will.
What changes would you love to see happen?
cawacko
Well-known member
What's funny is you have some (on the left) arguing he won't actually do anything because he'll just be on the golf course. So it's quite the extreme of the claims, that he'll both do nothing yet make massive changes. Seems difficult to pull off both.
Daylight63
Verified User
Oh, HE won't. He WILL be on the golf course. Trump doesn't know what the POTUS job is. What WILL happen this time around is the people who were surprised at how easily Trump could be manipulated will NOW MANIPULATE HIM. They know the cheat codes.
There are some scary smart sociopaths backing Trump this time around. And we just gave them the keys to the kingdom. And a king who is an empty headed placeholder.
Dutch Uncle
* Tertia Optio * Defend the Constitution
SS needs funding. If they don't do something it'll break itself.
T. A. Gardner
Thread Killer
Things I can look forward to:
Kamala Harris NOT being President.
Kamala Harris NOT being President.
Into the Night
Verified User
There is no SS 'bank' or 'trust fund'. Current SS payments are made by taxing current workers and printing money.
Not quite right.
SS payments come from taxing current workers and printing money. There is no 'trust fund'. There is no 'stash' for Social Security payments. What you paid into the Social Security taxes while you were working paid for Social Security payments to retires and disabled back then.
It's not an investment scheme. It's a pyramid scheme.
Now let's look at the current situation vs 2034.
The current national debt is about $36 trillion (yup...up ANOTHER trillion in that short of time!).
Just SERVICING this debt (paying interest only) now costs more than the entire defense budget, and Congress is borrowing still MORE money!
(Sources: Federal Reserve and US Treasury)
At this current rate of increase, the national debt will reach approx $50 trillion in just four years. This debt is added by Congress, not the President. At that point, just servicing the debt will be the LARGEST BUDGET ITEM, being more than our entire defense budget, more than our entire Medicaid/Medicare program, and more than Social Security.
This happens by 2028 (assuming current rate of borrowing), NOT 2034.
At the same time:
Currently, the federal government is creating new money at the rate of $21 trillion/yr. Total revenue from all taxes and fees is only $5 trillion. The rest must be borrowed or printed, and the government has chosen to print it AND borrow it at the same time!
In other words, it's broke. It is living on tick to pay for the debt and other programs. It is borrowing money and printing money to pay for just the interest rate on the debt. If this sounds familiar, it is. It's what happens when a family borrows too much and can't pay it back. Printing money without a corresponding increase in wealth due to capitalism is the direct and only cause of inflation.
Trump will certainly improve things by allowing a greater increase in wealth (by allowing capitalism to flourish), but he can't stop the demise of the dollar. All Trump can do is stave off the inevitable, but he can't prevent it.
There comes a time when people will no longer trust the value of the money. When that happens, they will use something else for money, and there is NOTHING the government do to stop it. Already people are investigating alternate currencies. At this point, gold and silver seem to be favored. This of course means the end of the Fed, and the uncontrolled contraction of the Federal government. It won't be pretty.
The upshot is that all these wasteful bureaucracies will be force to shut down, and the federal government will be forced to return to the limits specified by the Constitution of the United States.
To one degree or another, nations around the world are sitting in the same boat. Almost all nations use fiat currency, which is the cause of the problem.
China is worse off than the United States is, despite their gold holdings (much greater than that of the United States). The communists are running out of places to steal from, and they are literally trying to build their way out of their problem with massive government funded programs, all on tick. Worse, China has NO retirement program, which means those workers, now retiring, have NOTHING to look forward to other than their savings. So...they don't spend. They SAVE like crazy. This means money velocity (the rate of money exchanging hands) has dropped to almost nil.
This results in the government building cities that no one is going to live in, massive construction projects that won't benefit much, etc. Anyone in China that can is getting as much wealth OUT of the country as fast as they can. They see the writing on the wall. The Chinese miracle is over. This is a big part of what is driving the adventurism by the Chinese government.
Russia is a bit better financially, but not much better. It's what is driving the war with Ukraine.
It's a wordwide race to the bottom. The US is just one contender in that race. Unfortunately, for the people, it means hardship. Like I said, Trump can stave it off perhaps for awhile, but the end of fiat currency is inevitable.
Into the Night
Verified User
Theft is not charity, Pretender.
IBDaMann
Well-known member
Just so everyone knows, the reason the US military has gotten to this state is mostly to appease NATO whose militaries are already well-beyond this point. US Democrats just feel that we should "fit in".
Into the Night
Verified User
It is ALREADY insolvent, Twilight. The only reason SS still makes payments is due to borrowing and printing money.
Into the Night
Verified User
Government is not charity, Twilight.
Into the Night
Verified User
I am not triggered and I am not you, Sybil.