SSI: Message to the Public

bee

Worth a Read:
Intro:

Both Social Security and Medicare face long-term financing shortfalls under currently scheduled benefits and financing. Lawmakers have a broad continuum of policy options that would close or reduce the long-term financing shortfall of both programs. The Trustees recommend that lawmakers take action sooner rather than later to address these shortfalls, so that a broader range of solutions can be considered and more time will be available to phase in changes while giving the public adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.

link:
https://ssa.gov/oact/trsum/

Mark

Raise your hand if you didn't see this coming. How else are you going to fund those big tax cuts for the rich and a trillion dollar deficits.

catch22

The Beatles - 1968, Revolution

A theme song to and for the people's representatives.....I hear the whole song in my head as I wander outside to continue the chores.

A few lyric section excerpts:

You say you got a real solution
Well, you know
We'd all love to see the plan
You ask me for a contribution
Well, you know
We're doing what we can

You say you'll change the constitution
Well, you know
We all want to change your head
You tell me it's the institution
Well, you know
You better free you mind instead

davidrmoran

some of these are pretty easy and have been bruited for years

https://www.kiplinger.com/article/retirement/T051-C000-S002-ways-to-fix-social-security.html

https://money.usnews.com/money/blogs/planning-to-retire/2014/11/14/5-potential-social-security-fixes

Crash

Simple and easy: REMOVE the CAP, currently at about $127,000.00. Those that make more money than that do not presently pay-in to Soc. Sec. on the amount above that cap. But, no. Of course not. Who among the oligarchy wants to pay their FAIR share of taxes? And they're the ones in control.

Old_Joe

@Crash... I don't understand. Why should we expect those with all of the money to help pay the bills?

VintageFreak

Recently I read someone claiming SS and M were overfunded because people are working longer, stressed out and so die early. Conspiracy.

Crash

VintageFreak said:

Recently I read someone claiming SS and M were overfunded because people are working longer, stressed out and so die early. Conspiracy.

Oh, Cripes.

VintageFreak

So this is way Social is actually Anti-Social. Opinion is News. Facts are Twisted. Everything is true. Nothing is true. Fake News.

Examples...

https://www.huffingtonpost.com/entry/early-retirement-may-be-the-kiss-of-death-study-finds_us_57221aa3e4b01a5ebde49eff

http://www.bbc.com/news/magazine-18952037

https://hbr.org/2016/10/youre-likely-to-live-longer-if-you-retire-after-65

https://www.bloomberg.com/news/articles/2017-10-23/americans-are-retiring-later-dying-sooner-and-sicker-in-between

If I recall correctly, the Dr. Wu ANALysis in Hardvard Business Review was twisted in another article to reach conclusion SS and M are overfunded. However, I can't find that article right now.

MikeM

Recently I read someone claiming SS and M were overfunded because people are working longer, stressed out and so die early. Conspiracy.

@VintageFreak, are you watching Fox News entertainment again?

VintageFreak

MikeM said:

Recently I read someone claiming SS and M were overfunded because people are working longer, stressed out and so die early. Conspiracy.

@VintageFreak, are you watching Fox News entertainment again?

I some times watch it when I want a laugh because I actually get my news from Comedy Central. But no, I didn't hear that from Fox, been a while since I switched to that channel.