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Musk targets Social Security with blatant misinformation


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Posted
2 minutes ago, Jingthing said:

I've heard that the quote was actually from a MOVIE about Napoleon and that he never said it. But the idea is the same. Trump is ruling as a God King.

So guys in Bangkok and Pattaya can't leave their condos due to Trump. I honestly can't understand what you and others are complaining about. 

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Posted
Just now, Jingthing said:

Anyone that goes to Twitter believing they're getting factual information there is beyond the pale by definition. 

Anyone who makes 100,000 posts is what then? Most people dont trust any website. 

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Posted

I am going to take the OP "cut and paste" and forwarded it to DOGE on X.  With a note:  Please consider freezing all future raises on SS.  To retired US SS recipients living in foreign countries.  

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Posted
25 minutes ago, Jingthing said:

Not very comforting. Musk and his big balls boy have all your data now. Nobody is checking them. What could possibly go wrong? 

 

As I said: Disregarding feelings about Musk and about any other posters on AN,

So I won't respond to your baffling response.

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Posted
2 minutes ago, radiogeneris said:
21 minutes ago, Liverpool Lou said:

What evidence is there that Soros didn't have that, or more, access?

 

BTW, Doge is not new. They have renamed the EXISTING agency. That means that all activist Soros judges will loose once it goes to Supreme Court. Obama created this agency in first place actually... Do your research...

Did I say that DOGE is new, did I even mention DOGE. or "Soros judges", or the SC?  Why do I need to "do my research"?   Why don't you just read what I posted.

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Posted

Idiots at it again. 

 

The social security system is operating on a 1970's computing framework. Musk knows all about default dates etc

 

He is driving towards modernising the system and deleting obsolete SSN's.

 

There is no doubt there is fraud. One woman was jailed for claiming her mother's pension for 48 years after her death. 48 years. Unbelievable. 

 

All numbers should auto deleted at 120 years. I think states should be checking "proof of life" at 100. It doesn't need to be intrusive. Literally a visit from a state official with a Presidential birthday card. We send out Royal birthday greetings to everyone who turns 100 in the UK. 

 

It's a nice touch but useful. 

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Posted
6 hours ago, TedG said:

 

If the SS funding issue is not addressed, benefits will be mandatory cut in the future. 

 

Yes, but that statement needs context. Although the US federal law states that Social Security can only pay benefits from the funds available from the social security investment  fund pool which are held in Treasury securities, this isn't likely to occur until 2035. In the absence of  new funding or a reduction in the payouts,  there would most likely be a freeze in payments, i.e. no COLA  before there were "cuts". And before there were cuts, there might be reduced eligibility, and/or incremental small reductions.  A cut is synonymous with a large reduction, and the Social Security program is still decades away from that.

 

More likely is a US debt crisis.  In order to  pay out the benefits due, the  Treasury instruments would have to be liquidated, and this would most likely  create a financial crisis in the USA as the USA would not have the  liquidity to repay the  monies owed to the  Social Security  fund.

Posted
3 minutes ago, Patong2021 said:

 

Yes, but that statement needs context. Although the US federal law states that Social Security can only pay benefits from the funds available from the social security investment  fund pool which are held in Treasury securities, this isn't likely to occur until 2035. In the absence of  new funding or a reduction in the payouts,  there would most likely be a freeze in payments, i.e. no COLA  before there were "cuts". And before there were cuts, there might be reduced eligibility, and/or incremental small reductions.  A cut is synonymous with a large reduction, and the Social Security program is still decades away from that.

 

More likely is a US debt crisis.  In order to  pay out the benefits due, the  Treasury instruments would have to be liquidated, and this would most likely  create a financial crisis in the USA as the USA would not have the  liquidity to repay the  monies owed to the  Social Security  fund.

 

There is a bill floating around in congerss to remove the cap.   But, congess never looks at long term solutions to deal with issues.   They will wait 9.9 years to address the issue. 

Posted
5 hours ago, placeholder said:

And there should be no limit on what income gets taxes. Right now it tops out at somewhere around  at $160,000 (I think).

 

There should be, for the simple reason that the  people who will pay on the higher limits will never collect the benefit. 

The  majority of US citizens do not pay anywhere near the value of goods and services that they receive from their government(s). It is always the 20% of the population carrying the burden of 80% of the population. How much more burden must they take on?

Posted
13 hours ago, Lacessit said:

Pensioners living in Thailand do it so they can have a reasonable standard of living.

 

Forcing them to join the homeless in the USA is as clear a case of dumbf***ery as I have seen posted.

 

The point is that your retirees are collecting far more than they ever contributed. That is not fair. Let them collect the value of what their contributions are worth. You are demanding that they get a free ride. Why should they be treated  as a special class while others are denied basic benefits or have their benefits reduced? 

Posted
8 minutes ago, TedG said:

 

There is a bill floating around in congerss to remove the cap.   But, congess never looks at long term solutions to deal with issues.   They will wait 9.9 years to address the issue. 

 

Yes, you are correct. It has always been a delay, delay and let someone else deal with it. No different than the immigration crisis. Decades go by, making the problem a critical mess. I hope the  congress members who believe in controlling the deficit are not steam rolled.

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