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Posted: 5/11/2024 6:12:03 AM EDT
[#1]
Quote HistoryOriginally Posted By JLPettimoreIII: WHUT IM OWED PLUS MY GOT DAYUM INTEREST SONNI BOI  The Simpsons - Social Security |
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Posted: 5/11/2024 6:34:45 AM EDT
[#2]
Quote HistoryOriginally Posted By TheOtherDave: It's far worse than this article suggests . We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can't meet its obligations. They literally care more about retired people in Ukraine than they do you.  We are giving financial aid to Ukraine for all residents there in addition to giving arms for defense. The fact that someone receiving financial aid is retired is irrelevant |
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FL, USA
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Posted: 5/11/2024 6:55:35 AM EDT
[#3]
Of course…
Guess when I am first eligible for the SS I’ve been paying into since 1989? Yep, 2035. |
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Posted: 5/11/2024 7:06:18 AM EDT
[#4]
Quote HistoryOriginally Posted By 10mmManiac: SSI is a joke. I'll take all of mine in one lump sum if its going to be gone by 2035. SSI is for disabled people. |
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Posted: 5/11/2024 7:08:33 AM EDT
[#5]
Quote HistoryOriginally Posted By C3H5N3O9: Some of this gets really complicated.
Quote HistoryOriginally Posted By C3H5N3O9: Originally Posted By JLPettimoreIII: Originally Posted By BTccw: Y'all don't get it. They don't believe they can run out of something they can create. Some of this gets really complicated.
@C3H5N3O9 Someone posted that in another thread. Scary how stupid some people are in government. 
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Posted: 5/11/2024 7:09:20 AM EDT
[#6]
Quote HistoryOriginally Posted By pr24guy: SSI is for disabled people. 
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Posted: 5/11/2024 7:14:06 AM EDT
[Last Edit: Paul]
[#7]
I found the problem!
The overwhelming majority of people on Supplemental Security Income are not over the age of 65-years old and about half as many people under the age of 18 are on SSI as are above 65 on it. The proportion of SSI recipients aged 65 or older declined from 61% in January 1974 to 29% in December 2020. The overall long-term growth of the SSI program occurred because of an increase in the number of disabled recipients, most of whom are under age 65. |
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USA
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Posted: 5/11/2024 7:24:48 AM EDT
[#8]
"Social security" and "supplemental security income" come from different pools of money and have no effect on each other.
You all just enjoy twisting each other's panties and then yelling about it. |
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Posted: 5/11/2024 7:25:05 AM EDT
[#9]
Yet we are not running out of welfare, section 8 housing, food stamps or forgien aid for terrorist groups . Nor that ability to hire 53,000 new government employees a month.
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MOZ
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Posted: 5/11/2024 8:11:01 AM EDT
[#10]
By 2035, it will just be Monopoly money anyhow. I buy $100 of gold every day due to this insanity.
People don’t think a worthless dollar be like it is… but it do. |
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CO, USA
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Posted: 5/11/2024 8:23:19 AM EDT
[#11]
Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA.
Because Nana doesn't have enough wealth from that house she bought at $22k that's now valued at $3M. She needs it to buy more beanie boos and China dishware for her grandkids |
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Posted: 5/11/2024 8:26:10 AM EDT
[#12]
Quote HistoryOriginally Posted By Paul: I found the problem! The overwhelming majority of people on Supplemental Security Income are not over the age of 65-years old and about half as many people under the age of 18 are on SSI as are above 65 on it. The proportion of SSI recipients aged 65 or older declined from 61% in January 1974 to 29% in December 2020. The overall long-term growth of the SSI program occurred because of an increase in the number of disabled recipients, most of whom are under age 65. "disabled" really got juiced up under Obama. he relaxed the rules to get more people on the govt teat. |
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MN, USA
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Posted: 5/11/2024 8:26:15 AM EDT
[#13]
I’m not worried, there are trillions available for other things, neither party will let it fail or reduce it.
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Posted: 5/11/2024 8:27:02 AM EDT
[Last Edit: Notcalifornialegal]
[#14]
GD FINANCE THREAD
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Posted: 5/11/2024 8:30:43 AM EDT
[#15]
Quote HistoryOriginally Posted By Jack_Rackham: They are burning the entire economic system down on purpose. They are all in on it. This^ It is all very intentional. |
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Posted: 5/11/2024 8:31:53 AM EDT
[#16]
Quote HistoryOriginally Posted By rainmaker9: Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA. Because Nana doesn't have enough wealth from that house she bought at $22k that's now valued at $3M. She needs it to buy more beanie boos and China dishware for her grandkids  Now get off the internet and work more OT to pay more into SS so I can have my gibs. |
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USA
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Posted: 5/11/2024 8:32:51 AM EDT
[#17]
Here is how to make it fair and equitable:
You get out the same percentage OF WHAT YOU PAY IN as anyone else WHO PARTICIPATES. Oh, wait. Not everyone is productive. |
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USA
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Posted: 5/11/2024 8:36:10 AM EDT
[#18]
I took SS as soon as I could.
"Be smart, wait until you are 70". Nope, that is when the crisis hits and that assumes I make it to 70 (which I hope to but you never know). The Government is run like a Mafia Bust-out. A bunch of criminals took over and are racking up the debt as fast as they can before it all collapses. |
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Posted: 5/11/2024 8:40:24 AM EDT
[#19]
Quote HistoryOriginally Posted By TheOtherDave: It’s far worse than this article suggests…. We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can’t meet its obligations. They literally care more about retired people in Ukraine than they do you. Just keep maxing out your SS contributions so I / they can keep getting paid |
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Posted: 5/11/2024 8:41:02 AM EDT
[#20]
Quote HistoryOriginally Posted By MachRider: INB4 "I haven't been able to get an erection since the Reagan administration, but by Jove I want every penny I paid into social security back plus 20% interest! I would have soundly invested that money into Worldcom, Adelphia, and Enron."  Attached File |
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Posted: 5/11/2024 8:42:59 AM EDT
[#21]
Quote HistoryOriginally Posted By Notcalifornialegal: GD FINANCE THREAD https://www.ar15.com/media/mediaFiles/219476/1000008279-3207591.jpg Damn! We're in a tight spot! |
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IA, USA
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Posted: 5/11/2024 8:43:36 AM EDT
[#22]
I’ll turn 60 a couple years after it runs out.
That figures. 😂 |
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Posted: 5/11/2024 8:43:54 AM EDT
[#23]
1. Rename Social Security, Now call it Ukraine 2. Vote to send 10 Billion in aid to Ukraine 3. Profit for all |
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Posted: 5/11/2024 8:47:43 AM EDT
[#24]
Whether or not you agree with social security, you almost never see government programs shrink, because that endangers the jobs of those who administer the program.
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Posted: 5/11/2024 8:48:59 AM EDT
[#25]
Quote HistoryOriginally Posted By marlinfan: I'll turn 60 a couple years after it runs out. That figures. way o the road. |
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Posted: 5/11/2024 8:50:21 AM EDT
[#26]
Quote HistoryOriginally Posted By SnazSleepWalker: "Social security" and "supplemental security income" come from different pools of money and have no effect on each other. You all just enjoy twisting each other's panties and then yelling about it. Exactly. Social Security is a benefit of the Capitalist system. |
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Posted: 5/11/2024 8:51:01 AM EDT
[#27]
Quote HistoryOriginally Posted By rainmaker9: Boomers are gonna vote to sieze the 401k of younger generations next so it can be funneled into to SSA. Because Nana doesn't have enough wealth from that house she bought at $22k that's now valued at $3M. She needs it to buy more beanie boos and China dishware for her grandkids Yep. I'm rushing right out now and voting for that. Sheesh. |
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Posted: 5/11/2024 8:56:16 AM EDT
[#28]
Quote HistoryOriginally Posted By exponentialpi: 2035 is including SSDI. 2033 for the boomers. Best part is that assumes current employment levels. Good thing no body is laying off right now.  I was threatened with a good time on March 20, 2020 after being written up by PITA ( Pain In The Ass) the safety lady for having facial hair and wearing a mask @ GM Wood that woodn't seal working a $13 / hr job stacking boards. I started SS 6 months later and now collect a pension from the Warren Pattern & Model Makers of Warren and Vicinity. I told the temp service I knew how to work with wood, so I stacked boards Saw my old boss at Post 4249, when I was telling a vet that I worked at GM, the ex boss said GM wood products, I said GM Tech Center across the road from Bally's / Vic Tanny @ 12 and V.D. in Warren Tucky. Oar was it in @ Troy Truck & Bus doing the GM Hummer, oar @ the Mopar Body Design Aids in Hazel Tucky where I was a metal model maker. Keep working I want my SS, oh that's what my SquareHead Gramps wood say. |
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GA, USA
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Posted: 5/11/2024 8:58:35 AM EDT
[#29]
Typical election year BS, next article will say Trump will pull the plug on all SS benefits
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Posted: 5/11/2024 9:01:31 AM EDT
[#30]
It should have been explained a bit better.
"run short of funds" meaning short of funds for full benefits, (reduced to 83%), NOT an empty kitty. |
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Posted: 5/11/2024 9:02:09 AM EDT
[#31]
Quote HistoryOriginally Posted By marlinfan: I’ll turn 60 a couple years after it runs out. That figures. 😂 It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. |
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Posted: 5/11/2024 9:03:48 AM EDT
[#32]
Quote HistoryOriginally Posted By lokifox: It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. Quote HistoryOriginally Posted By lokifox: Originally Posted By marlinfan: I’ll turn 60 a couple years after it runs out. That figures. 😂 It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. It is means tested now. That certainly could be made more onerous though. |
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Posted: 5/11/2024 9:06:43 AM EDT
[#33]
 Another Carrington Event will solve all our problems!
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Posted: 5/11/2024 9:07:10 AM EDT
[Last Edit: lokifox]
[#34]
Quote HistoryOriginally Posted By apexcrusade: It is means tested now. That certainly could be made more onerous though. Quote HistoryOriginally Posted By apexcrusade: Originally Posted By lokifox: Originally Posted By marlinfan: I’ll turn 60 a couple years after it runs out. That figures. 😂 It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. It is means tested now. That certainly could be made more onerous though. Only against earned income if you're under "full retirement age". Pretty sure I have that right... Just went down this rabbit hole with a friend the other day. They will likely look at assets/pensions/unearned income in the future. I ain't saying it's right. Just saying. Edit for clarity. |
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Posted: 5/11/2024 9:07:36 AM EDT
[#35]
Quote HistoryOriginally Posted By lokifox: It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. note my proper use of apostrophe for the possessive case of plural nouns that end in s.  |
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Posted: 5/11/2024 9:08:07 AM EDT
[#36]
Quote Historydon't threaten me with a good time. 
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Posted: 5/11/2024 9:08:54 AM EDT
[#37]
Quote HistoryOriginally Posted By SkyFive: Disability takes many forms, many of which I don't agree with. My sister takes the applications for SSDI, she can tell some stories! 'I can't work because I can't read' 'I can't work because I don't get along with people' 'I can't work because I'm too fat and can stand on my feet very long'. My wife works at Sam's, she see's the other side, SNAP. Grocery carts full of premium food products, steaks, lobster, ribs ect. It ain't fair I tell ya'. I told my wife we should apply for SNAP and save ourselves about $400. a month! Wife is on SSI, I'm on SS. We just paused our volunteer status at the UMC Benny's House Food Pantry, as she is having knee surgery on Monday We donate food and dog food our ankle biter's won't eat, but the WalMart and SavaLot brand are not good enough for the "Clients" The " clients" usually have Pits' Rott's GSD, or Marmadukes. They whine about no dog food. We get the food donated from the Animal Shelter 40 miles South of the Joe Louis Training Camp with entourage. I buy doggie food for $20 at TSC or Farm and Home, that's the price of TuPac's of Marlboros they all have hanging off their cocksucker NVM praying at the altar of the 501C |
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Posted: 5/11/2024 9:09:59 AM EDT
[#38]
They're trying to crash our economy.
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Posted: 5/11/2024 9:11:15 AM EDT
[#39]
Phoenix can't rise from the ashes until there are ashes to rise out of.
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Posted: 5/11/2024 9:12:54 AM EDT
[#40]
Quote HistoryOriginally Posted By lokifox: Only against earned income if you're under "full retirement age". Pretty sure I have that right... Just went down this rabbit hole with a friend the other day. They will likely look at assets/pensions/unearned income in the future. I ain't saying it's right. Just saying. Edit for clarity. Quote HistoryOriginally Posted By lokifox: Originally Posted By apexcrusade: Originally Posted By lokifox: Originally Posted By marlinfan: I’ll turn 60 a couple years after it runs out. That figures. 😂 It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. It is means tested now. That certainly could be made more onerous though. Only against earned income if you're under "full retirement age". Pretty sure I have that right... Just went down this rabbit hole with a friend the other day. They will likely look at assets/pensions/unearned income in the future. I ain't saying it's right. Just saying. Edit for clarity. That, and also up to 85% of your benefit can be taxed as income. |
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Posted: 5/11/2024 9:13:11 AM EDT
[#41]
Quote HistoryOriginally Posted By Jack_Rackham: They are burning the entire economic system down on purpose. They are all in on it. yep they are destroying the economy and society at all levels by any means possible. |
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Posted: 5/11/2024 9:14:05 AM EDT
[#42]
Quote HistoryOriginally Posted By JLPettimoreIII: gonna be epic when president AOC seizes the b**mas' houses and 401ks to redistribute amongst the poor, the border jumpers, and/or the poor border jumpers. note my proper use of apostrophe for the possessive case of plural nouns that end in s. Quote HistoryOriginally Posted By JLPettimoreIII: Originally Posted By lokifox: It's not going anywhere. Unless you're wealthy. Then it's going somewhere. I 100% expect means testing to be the cure for SS Old Age's problems. It's politically expedient and easier to pass than other options. note my proper use of apostrophe for the possessive case of plural nouns that end in s. I love that the three or four actual tards in congress support this. They face a little bit of a battle. However, they already created a de-facto death tax on Roths so I wouldn't put it past them to mess with RMDs and a hybrid tax on tax-deferred earnings and income (a flat tax on the earnings on top of your owed income tax). |
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Posted: 5/11/2024 9:14:13 AM EDT
[#43]
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Posted: 5/11/2024 9:16:18 AM EDT
[#44]
Quote HistoryOriginally Posted By lokifox: I love that the three or four actual tards in congress support this. They face a little bit of a battle. However, they already created a de-facto death tax on Roths so I wouldn't put it past them to mess with RMDs and a hybrid tax on tax-deferred earnings and income (a flat tax on the earnings on top of your owed income tax). way she fuckin' goes there eh bois? |
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Posted: 5/11/2024 9:18:07 AM EDT
[#45]
Quote HistoryOriginally Posted By lokifox: I love that the three or four actual tards in congress support this. They face a little bit of a battle. However, they already created a de-facto death tax on Roths so I wouldn't put it past them to mess with RMDs and a hybrid tax on tax-deferred earnings and income (a flat tax on the earnings on top of your owed income tax). *pulls up a chair* Go on. |
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Posted: 5/11/2024 9:18:08 AM EDT
[#46]
Boomers voting to take care of boomers while screwing everyone else and sending us the bill is completely on brand for that generation.
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Posted: 5/11/2024 9:19:02 AM EDT
[#47]
Quote HistoryOriginally Posted By exponentialpi: 2035 is including SSDI. 2033 for the boomers. Best part is that assumes current employment levels. Good thing no body is laying off right now. Just get rid of the SSDI part... it's worthelss anyways. |
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USA
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Posted: 5/11/2024 9:19:10 AM EDT
[#48]
Quote HistoryOriginally Posted By Kraquine: It should have been explained a bit better. "run short of funds" meaning short of funds for full benefits, (reduced to 83%), NOT an empty kitty. I read the latest figure is a reduction to 77% due to early retirements (due to Covid and the vaccine mandates). Mark my words -there will be no reduction. They will increase the retirement age a bit and increase the earnings subject to the SS tax. Or they will print money so inflation will solve the problem.
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Posted: 5/11/2024 9:19:25 AM EDT
[#49]
Quote HistoryOriginally Posted By manderson1911: Boomers voting to take care of boomers while screwing everyone else and sending us the bill is completely on brand for that generation. No it isn't. |
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Posted: 5/11/2024 9:20:12 AM EDT
[#50]
Quote HistoryOriginally Posted By TheOtherDave: It’s far worse than this article suggests…. We are currently directly paying the retirement payments for people in Ukraine while our own Social Security has a decade until it can’t meet its obligations. They literally care more about retired people in Ukraine than they do you.  FJB |
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