And yet seniors I know voted for him and I kept saying he is going after your SSI and Medicare. Couldn't convince them. Senior women voted for a rapist and self confessed sexual predator.
Peaceful Protests Saturday, April 5th https://youtu.be/uWw6dvyUtsk?si=y0cn2KkWfLUiFeDh
My dad, a senior & lifelong republican, never voted for the orange ass. But then, he stopped voting republican after Regan, even though he was still a registered republican, lol. He wasn’t alive to vote for Kamala last year, sadly. He would have been apoplectic over the current situation.
Don't act surprised when you find that they have already given it away to the 'war effort' and the billionaires.
Musk wasn't there to find the fraud, he was there to delete it from the record.
You can't steal your own money.
The American people borrowed their own money and can't pay it back.
We took out the equivalent of a home equity loan and the things we did with the money did not actually raise the equity. Now we owe more than the property is worth.
No, it was not. That's a misunderstanding of how Social Security works. By law, any excess revenue must be invested in Treasury bonds. The money paid for those bonds, just like any money paid for those bonds, goes into the general fund where it can be and is used for any government activity or
Their argument about this "loan" is that the government has paid the interest on this "loan" without exception. They just can't seem to pay the principal.
They can't legally pay the principal. The definition of the Trust Fund by law requires it to be invested in US treasuries. The principal is intended to be repaid as SS needs to draw down the Trust Fund to pay benefits.
What a dumb post. No money was stolen. The Trust purchased intergovernmental Treasury bonds that pay interest. The problem is too much projected new income went to folks above the SS cap and was untaxed for SS. Raise the cap.
Sadly, about 90% of the American people believe that nonsense. However, the problem is really demographics. Too few people paying in for too many people collecting. The cap should be raised but that will solve the problem for only a few more years, per the Congressional Budget Office.
Social Security is funded by three sources of revenue: (1) current contributions + employer match (2) income tax on the benefits (3) interest paid on the Treasury bonds into which, by law, any excess revenue must be paid. We are not being "paid back." We are being paid from those three sources.
where exactly should SS tax revenue be kept? In a mattress? It is invested in interest paying treasury notes. The funds are used as needed to pay out benefits.
And that is required by law. Note, though, that benefits are mostly funded by current contributions+employer match. They are drawing on the Trust Fund because the main source is not sufficient to pay current benefits.
But we all couldn't get a class actions lawsuit against Trump and his administration. Tell him you're going to stop our social security. We want our money back
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Peaceful Protests Saturday, April 5th
https://youtu.be/uWw6dvyUtsk?si=y0cn2KkWfLUiFeDh
Musk wasn't there to find the fraud, he was there to delete it from the record.
The American people borrowed their own money and can't pay it back.
We took out the equivalent of a home equity loan and the things we did with the money did not actually raise the equity. Now we owe more than the property is worth.
https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0
Are you great yet?