johnjohn
Member
I fall in the S.S. category for the last 8 years.
How many on Social Security?
- Thread starter roadhog96
- Start date
cavsix
Member
People!!!!
You're not considering the golden opportunity here!!
Just gather the necessary materials to make torches and pitchforks, and prepare to sell, sell, sell!!!!
(I'll leave it to your imaginations as to an appropriate sales venue!)
You're not considering the golden opportunity here!!
Just gather the necessary materials to make torches and pitchforks, and prepare to sell, sell, sell!!!!
(I'll leave it to your imaginations as to an appropriate sales venue!)
How many on Social Security?
As of TODAY!!! ME!!!
welcome to the club....
Since Social Security withholding rates went up in the 1980's, the SS Trust Fund has collected far more money than it needed to pay out current benefits. That remains true. All money the Government collects from SS withholding goes immediately into the Federal general fund. Simultaneously, bonds are issued to the SS Trust Fund for that amount which they can then cash to pay current benefits as needed. The excess accrues interest until it is needed for benefits. Under the current system, it is expected that these bonds will have to be all redeemed in 20-30 years. After that, the trust fund will not get enough money from workers to pay full benefits. That is what has to be fixed for long-term solvency.
It is legally possible, but not required that the President hold up SS payments. He can do nothing, and it will still be legal for Treasury to pay SS benefits. If he chooses, he can prevent the Treasury from honoring the bonds and stop SS payments, perhaps to use it as a bargaining chip in current negotiations. I believe he will not do this, because there is no amount of "spin" that will make anyone but the Democrats responsible. If he does it, the Democrats will not win another national election, maybe for decades, and they will not win many Congressional elections, either.
Buck
It is legally possible, but not required that the President hold up SS payments. He can do nothing, and it will still be legal for Treasury to pay SS benefits. If he chooses, he can prevent the Treasury from honoring the bonds and stop SS payments, perhaps to use it as a bargaining chip in current negotiations. I believe he will not do this, because there is no amount of "spin" that will make anyone but the Democrats responsible. If he does it, the Democrats will not win another national election, maybe for decades, and they will not win many Congressional elections, either.
Buck
Seneca
US Veteran
Been on SS for nine months but still working! Too many ex-wives to retire! All this shutdown, debt ceiling, blah, blah, blah just makes my hair hurt. Can't do a darned thing about it anyway so why worry. There are bigger, more critical issues that occupy my thinking... where can I get more ammo?!?!?! Now that's worth worrying about!!!
Last edited:
CAPops
Member
Been on SSDI for 6 years. The good Lord has kept me around a lot longer than the docs thought was going to happen. Sure glad its there.
Last edited:
Similar threads
