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Musk: Kiss Your Social Security Goodbye, Grandma!

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18 hours ago, ThreeCardMonte said:


DOGE will find them as no one else ever bothered to look.

It's ok DODGE did not make great cars. 

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  • BritManToo
    BritManToo

    Don't you lefties have anything better to do that start all these daft threads?

  • SiSePuede419
    SiSePuede419

    Legally.   "Technically true."   Since when has the law stopped Trump or Musk from Doing Crimes before?   Can't remember.    Refresh my memory. 😭

  • Jingthing
    Jingthing

    Well they're definitely deeply cutting Medicaid. That will directly result in the deaths of countless Americans. Probably mostly Trump supporters. 

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29 minutes ago, ThreeCardMonte said:


The article is meant to confuse the uneducated MAGA voters “

 

Were you referring to @Tug and @candide?

 

While they may not be MAGA, they certainly are uneducated and confused.

I'll wager that you're the most confused poster between you and I, especially in reading comprehension.

16 hours ago, TedG said:

Not explained and not from the original source so not reliable.... They've managed to fool you but that seems to be very easy.

 

Also why would the CBO refer to that page as 'projections'?.... very suspect source of data.

 

Another link shooting down your obsession with SS trust fund shortfalls:

https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0

 

I suspect you'll bin that link so here's a salient quote:

 

Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. The trust funds are invested in Treasury securities that are just as sound as all other U.S. government securities, held by investors around the globe and regarded as being among the world’s safest investments. Starting in 2021, Social Security began drawing down trust fund reserves to help pay for benefits. Although Social Security has a long-term financial shortfall that must be closed, the program’s combined trust funds will not be depleted until around 2035, which gives policymakers time to develop a carefully crafted financing plan.

 

18 hours ago, TedG said:

Once again your biased 'source' has only shown the trust funds income from FICA taxes while ignoring the interest income earned on the Treasury bonds it has been holding.

 

Take this spreadsheet to the bank and explain to them that they shouldn't count the interest they earn on the money you borrowed.  I think they'll hold the same opinion as most that not counting interest is idiotic.

 

You keep insisting that the SS trust fund investing in Treasury bills is not legitimate.

On 6/2/2025 at 7:09 PM, Quentin Zen said:
On 6/2/2025 at 3:16 PM, WDSmart said:

Social Security retirement funds are meant for retired people, a.k.a. those who are no longer working. I hope Trump, or someone in his government, decides that people who live outside the USA should not receive SS benefits. 

anyone who is outside of America cannot possibly be retired or working, so I agree.  You can only retire or work in America if you are an American.  Once I met a guy in Thailand who was 90 and told me he was retired and no longer working, I showed him your post and now he realizes that's impossible.  Back to America and into the mines!!!! 

My apologies. 😟 I mistyped my post above. I meant to say that "I hope Trump, or someone in his government, DOES NOT DECIDE that people who live outside the USA should not receive SS benefits. 😠

On 6/3/2025 at 3:41 AM, gamb00ler said:

Once again your biased 'source' has only shown the trust funds income from FICA taxes while ignoring the interest income earned on the Treasury bonds it has been holding.

 

Take this spreadsheet to the bank and explain to them that they shouldn't count the interest they earn on the money you borrowed.  I think they'll hold the same opinion as most that not counting interest is idiotic.

 

You keep insisting that the SS trust fund investing in Treasury bills is not legitimate.

 

The "earned interest" is paid by the tax payer.  The same tax payer who pays for soical security. 

On 6/3/2025 at 12:57 AM, gamb00ler said:

Not explained and not from the original source so not reliable.... They've managed to fool you but that seems to be very easy.

 

Also why would the CBO refer to that page as 'projections'?.... very suspect source of data.

 

Another link shooting down your obsession with SS trust fund shortfalls:

https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0

 

I suspect you'll bin that link so here's a salient quote:

 

Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. The trust funds are invested in Treasury securities that are just as sound as all other U.S. government securities, held by investors around the globe and regarded as being among the world’s safest investments. Starting in 2021, Social Security began drawing down trust fund reserves to help pay for benefits. Although Social Security has a long-term financial shortfall that must be closed, the program’s combined trust funds will not be depleted until around 2035, which gives policymakers time to develop a carefully crafted financing plan.

 

 

I'm going to ask this question again.    Where does the money come from to redeem these speical T. bills?

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