Social security in the toilet

[brendanjack]

I’m sure congress will find a way to fuck the middle class again

 

[Willie99]

If you were able to invest all the Social Security contributions you made in an index fund, you would have at least a million and likely over 2 million.

If you made the median income and worked for 32 years, you would about $1.6 million.

I've been making this argument for 40 years

Privatization can be phased in, but that would involve an honest debate

Simply not plausible, we're too uninformed and stupid

 

[Willie99]

Unfunded social security and Medicare liabilities dwarf the debt we know about

They're estimated to be between 75 and 100 trillion dollars

Every company is required to record these liabilities on their financial statements

Congress has required that every state and local goverment also record such liabilities

Our federal government however, does not record such liabilities. They need to lie to you to keep their cushy jobs

We're a nation of idiots, and it starts with our government and their media

 

[brendanjack]

Unfunded social security and Medicare liabilities dwarf the debt we know about

They're estimated to be between 75 and 100 trillion dollars

Every company is required to record these liabilities on their financial statements

Congress has required that every state and local goverment also record such liabilities

Our federal government however, does not record such liabilities. They need to lie to you to keep their cushy jobs

We're a nation of idiots, and it starts with our government and their media

Could you imagine government cutting back there pensions and benefits because there not sustainable. The jackasses we elect do not care has zero impact on their own life.

 

[skoda]

As of January 2026 there are approximately 164.5 employed persons in the US and appropriately 70% are employed Full Time….Mr Taxman you can calculate 12.4% given to SS on average of just $100 weekly pays with 75 million people receiving monthly benefits from programs administered by Social Security as well as 53 million disabled.

Let’s turn the clock back to 1935 when SS began….

worker starting in 1937 (when taxes began) and working for 40 years contributed a relatively small total amount compared to modern figures. The initial tax rate was only 1% on the first $3,000 of earnings
up to
$30
annually… Say what $30…. Huge portion of their salary!

which gradually increased over four decades.

Consequently, the average nominal contribution over that period was quite low, likely just a few thousand dollars total in 1935-1975 currency.

Today that worker receives a few thousand dollars monthly, honestly if they didn’t give to people who didn’t contribute…… aka illegals, problem would not be a problem. because whoever decided to do this, if SS was just used to serve its purpose when started.

Problem is Government doesn’t want their gravy train to end! Layman’s terms

BOTTOM LINE….

Today not yesterday….if you want your money to work for you vote “R” if you want your money to be handed out to other people vote “D”

 

[StevieRay]

They commies have been stealing social security to the tune of trillions

 

[brendanjack]

As of January 2026 there are approximately 164.5 employed persons in the US and appropriately 70% are employed Full Time….Mr Taxman you can calculate 12.4% given to SS on average of just $100 weekly pays with 75 million people receiving monthly benefits from programs administered by Social Security as well as 53 million disabled.

Let’s turn the clock back to 1935 when SS began….

worker starting in 1937 (when taxes began) and working for 40 years contributed a relatively small total amount compared to modern figures. The initial tax rate was only 1% on the first $3,000 of earnings
up to
$30
annually… Say what $30…. Huge portion of their salary!

which gradually increased over four decades.

Consequently, the average nominal contribution over that period was quite low, likely just a few thousand dollars total in 1935-1975 currency.

Today that worker receives a few thousand dollars monthly, honestly if they didn’t give to people who didn’t contribute…… aka illegals, problem would not be a problem. because whoever decided to do this, if SS was just used to serve its purpose when started.

Problem is Government doesn’t want their gravy train to end! Layman’s terms

BOTTOM LINE….

Today not yesterday….if you want your money to work for you vote “R” if you want your money to be handed out to other people vote “D”

Regardless of democrat or republican if you have a shit ton of wealthy baby boomers drawing social security that they don’t need maybe Uncle Sam should offer a buy back program give these folks the option of tax write offs equal to there contributions or something like that . The revolving door of current fica payers is not balancing. There paying out more then there taking in there’s no surplus of money set aside. People are also living longer which they didn’t account for originally. I realize there’s no more gold standard thank you congress but when a loaf of bread costs a 100 bucks then you’ll realize the dollar is kaka

 

[Bozzie]

Regardless of democrat or republican if you have a shit ton of wealthy baby boomers drawing social security that they don’t need maybe Uncle Sam should offer a buy back program give these folks the option of tax write offs equal to there contributions or something like that . The revolving door of current fica payers is not balancing. There paying out more then there taking in there’s no surplus of money set aside. People are also living longer which they didn’t account for originally. I realize there’s no more gold standard thank you congress but when a loaf of bread costs a 100 bucks then you’ll realize the dollar is kaka

yep....100%

 

[skoda]

30-40 years ago, all we heard was SS was in the toilet and wouldn’t be there for us. I’m in my 9th year now collecting that SS they told me wasn’t going to be there.

Maybe they got it right this time lol.

I’ll try and find this topic we talked about, SS a few months/years ago. SS was predicted to become insolvent in 2035 so let’s party…..

 

[brendanjack]

https://thedailyeconomy.org/article/defusing-the-social-security-time-bomb/

 

[brendanjack]

The blind leading the blind.

 

[skoda]

Social Security is in desperate need of reform, but doing so is easier said than done. Never would need reform if it was used just for workers retirement….? As I said here

I’ll try and find this topic we talked about, SS a few months/years ago. SS was predicted to become insolvent in 2035 so let’s party…..

I forgot to look but it is not a new but old topic that will come around again in another 2-3 years. Only way to survive is to… WORK…. wish everyone the best.

 

[Bozzie]

Tax the obscenely wealthy and the obnoxiously wealthy people and corporations over a set threshold and we'll fix a fuk ton of problems.




Voters in both parties need to agree on this.

 

[StevieRay]

Hang the democrats that have been stealing trillions from it

 

[IMISREMEMBER]

wonder why social security is fucked , if there is mass fraud in medicaid , food stamps, child care, housing or hud,autism relief funds, unemployment ,just imagine how “those people“ scammed social security for years, let alone the tax refunds, reminds me of a story, i was working construction between jobs and at lunch break, this big ole black Traffic sign chick was talking to the other decent looking white chicks about doing their tax returns she said baby I’m taking 8 deductions my 3 kidddz from different daddy’s who don’t live with me and their kids from other ho’s and my 2 dogs as in pets , she said the government never checks and her refunds over 10k and that was in the 90’s, well she was touting it and I Probably got like $600 bucks back after getting fucking jammed at 38% tax rate. ( she was driving a souped up new Camaro and I had a fucking 77 nova on last leg , had 80k in student loan debt) it better be there in 10 years for me or I going to resort to selling my plays here at the RX. I am definitely for white reparations or middle class reparations, we have been carrying the free loaders way too long, I predict a revolt soon once all uncovered! i applauded musk and trump for bringing this to the media.

 

[Sportstalks]

Here’s the problem in lamens terms on why it’s not sustaining itself. in 2026 highest monthly social security payment of 5100 a month is not being balanced out by the average worker paying into it. So do they cut off people who payed into this there whole life because they don’t need it other then party fund?

i get what you’re saying the math just doesn’t add up long term but that doesn’t mean people who paid in their whole lives should get cut off the system just needs some adjustments so it stays afloat

 

[Sportstalks]

wonder why social security is fucked , if there is mass fraud in medicaid , food stamps, child care, housing or hud,autism relief funds, unemployment ,just imagine how “those people“ scammed social security for years, let alone the tax refunds, reminds me of a story, i was working construction between jobs and at lunch break, this big ole black Traffic sign chick was talking to the other decent looking white chicks about doing their tax returns she said baby I’m taking 8 deductions my 3 kidddz from different daddy’s who don’t live with me and their kids from other ho’s and my 2 dogs as in pets , she said the government never checks and her refunds over 10k and that was in the 90’s, well she was touting it and I Probably got like $600 bucks back after getting fucking jammed at 38% tax rate. ( she was driving a souped up new Camaro and I had a fucking 77 nova on last leg , had 80k in student loan debt) it better be there in 10 years for me or I going to resort to selling my plays here at the RX. I am definitely for white reparations or middle class reparations, we have been carrying the free loaders way too long, I predict a revolt soon once all uncovered! i applauded musk and trump for bringing this to the media.

i get being frustrated but it’s not about blaming groups it’s about fixing fraud and making it fair for everyone most of us just want what we paid in to still be there when we need it

 

[brendanjack]

Tax the obscenely wealthy and the obnoxiously wealthy people and corporations over a set threshold and we'll fix a fuk ton of problems.




Voters in both parties need to agree on this.

that Will never happen . Your asking private citizens to contribute there own personal wealth into a program that was set up for workers and businesses to make contributions through payroll that cost both sides real money. How many billions gets pumped into social security by illegals working on fake SS cards that will never get the benefits. Just another stupid program that can’t sustain itself but yet we been told don’t worry it’s not going anywhere.

i get what you’re saying the math just doesn’t add up long term but that doesn’t mean people who paid in their whole lives should get cut off the system just needs some adjustments so it stays afloat

no I’m not asking anyone to forfeit what they earned and payed into and are entitled . Im saying people that are old enough to collect it that don’t need it should be offered tax write offs or something like that instead of collecting SS.

 

[Sportstalks]

that Will never happen . Your asking private citizens to contribute there own personal wealth into a program that was set up for workers and businesses to make contributions through payroll that cost both sides real money. How many billions gets pumped into social security by illegals working on fake SS cards that will never get the benefits. Just another stupid program that can’t sustain itself but yet we been told don’t worry it’s not going anywhere.

no I’m not asking anyone to forfeit what they earned and payed into and are entitled . Im saying people that are old enough to collect it that don’t need it should be offered tax write offs or something like that instead of collecting SS.

yeah i get your point but most people arent gonna pass on money they paid into for years even if they dont really need it the real issue is fixing the programs long term funding so it actually lasts

 

[brendanjack]

https://thedailyeconomy.org/article/medicares-hidden-fertility-problem/