Very easy to fix, but one US party does not want to fix it. That party has spent the last 40 years trying to destroy it.
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Social Security now expected to run short on funds in 2035, one year later
21–30 of 84 posts
Re: Social Security now expected to run short on funds in 2035, one year later
#22For someone who doesn't know anything about SS how did the Europeans figure it out? Is it because they have smaller populations?
They’re also delaying retirement age, which is effectively a benefit cut.
Re: Social Security now expected to run short on funds in 2035, one year later
#23Very easy to fix, but one US party does not want to fix it. That party has spent the last 40 years trying to destroy it.
It's telling to me that I completely sincerely have no idea which party you mean.
That's wild to me. Are you in the US and do you generally pay attention to national news?
Re: Social Security now expected to run short on funds in 2035, one year later
#24Very easy to fix, but one US party does not want to fix it. That party has spent the last 40 years trying to destroy it.
It's telling to me that I completely sincerely have no idea which party you mean.
Republicans despise anything socialist, and Social Security is that. Unfortunately, the program is too popular to cut, but they are looking at the funding crisis as an opportunity to at least scale it back. Social Security needs additional funding, not benefit cuts.
Re: Social Security now expected to run short on funds in 2035, one year later
#25Very easy to fix, but one US party does not want to fix it. That party has spent the last 40 years trying to destroy it.
What action could be taken to fix it?
Re: Social Security now expected to run short on funds in 2035, one year later
#26For someone who doesn't know anything about SS how did the Europeans figure it out? Is it because they have smaller populations?
EU citizens generally pay much higher taxes, and get better retirement benefits for a wider variety of jobs, many of which would not be a career path that would have a good benefit package in the States.
And insurance that's not coupled with your employer.
The flaunting of wealth also isn't exactly culturally as strong as it is in the States.
My plan in the States -- in all seriousness -- is to be the local mountain hermit. I'll live semi-permanently in some hidden shack, I'll come down to town for odd jobs, hands-outs. Fringes of society for me.
Re: Social Security now expected to run short on funds in 2035, one year later
#27[deleted]
Re: Social Security now expected to run short on funds in 2035, one year later
#28For someone who doesn't know anything about SS how did the Europeans figure it out? Is it because they have smaller populations?
I believe they are heavily importing immigrants currently. Not really possible to "solve" a ponzi.
Re: Social Security now expected to run short on funds in 2035, one year later
#29Very easy to fix, but one US party does not want to fix it. That party has spent the last 40 years trying to destroy it.
I applaud whoever tries to minimize/reduce/remove a mandatory ponzi scheme.
Re: Social Security now expected to run short on funds in 2035, one year later
#30Should I give up on any chance at social security in 40 years?
No. It won't go away entirely. Plan on getting at least 70%, and vote to get the full amount.