Should thé USA get rid of Social Security?

Only LW cameras, usually taken out of context. GOP has for over a decade pointed out the demongraphics are not in current SSA favor. A large cohort of huge Baby Boomer generation has switched from paying into the system to receiving from the system and the following generations are large enough to continue paying enough to continue current payments. Raising the max level - currently a bit over $186k or increasing amount don't pencil out long term; maybe buying a few more years until we end up in the same situation.

 

Then vote for me. I will stop the war in 24 hours and end inflation in day one. Oh, covid will be gone by spring, years ago.

 

Then why are we at the current situation?

 

That’s silly, you change the oil in your car once, and never again ? There is such a thing called inflation, and GOP recessions…do you know what a recession is ? Were headed for number 12. Republicans seem to have one EVERYTIME they are in office. Trumpcession.

 

I think they did something political rather than judicial. The 10th amendment couldn't be more clear. To ignore it doesn't say much for the supreme court.

 

Gee, they’ve been ignoring it for over 80 years….wonder why.

 

I don’t think MAGAs even read the paper, especially the stock market. Does he actually think your 4o1 didn’t take a hit when the value loses 5 trillion. SS is suppose to at least pay your rent utilities and feed you when your “ privatized ” retirement takes a hit EVETYTIME REPUBLICANS are in charge.

 

Total non sequitur.

Dang, you almost had it. Of course there are recessions and all other economic events. Which has little to do with what we're discussing (side note - check which party was holding congress when those recessions occurred. Congress creates the spending - usually when Dems control Congress, BTW)
But, this thread is discussing what to do about Social Security and Medicare. As it seems all you want is blabber partisan BW it's time I let you do it with someone else.

 

11 of the last 12 recessions under gop presidents…..soon to be number 12.
Own it. That Trump bozos want to privatize Medicare and SS seems like it’s about SS. Recessions are one big reason why SS can’t be privatized. Is that too deep for you ?
Hilarious. You keep saying it’s not the president and now we are headed for a recession, 40% within the year…hilarious. This is without any budget passed bubba. All Trumps doing.

 

Your aggressive tough guy act wears thin. Of course the market takes a hit and a 401(k) along with it but over time mutual funds/the market have proven the most secure and safe.
My retirement lost almost half during Obamas "adjustment" but recovered nicely and in plenty of time for me.to retire.
Your doom and gloom of all things conservative ignores the reality that liberal politics are as much to blame.

 

Most sane people call that the Banksters subprime crisis, cheered on by Dubya/GOP

 

Over time, hilarious. You don’t even know what SS is, do you. You’re barking up the wrong tree. It’s income Insurance your entire working life. . There is not a qualified financial adviser alive that recommends giving up SS for privatize retirement alone. One is back up for the other. And you NEVER give up SS if you have a choice….never. It’s an insurance that protects you with disability your entire working life. That means you’re covered even when you’re young and disabled, which millions are. It also pays their dependents and spouse, even if she has her own, but hers pays less. Do you have any income insurance at all ? Cause if ( when) the market tanks, you’ll be living off your principle.

 

Really ? A MAGA feels bad because their wrong advice is called out ? Hilarious….sorry if I hurt your feelings…

 

I planned my retirement, but I was an active investor. Consider indexing the S&P 500 or NASDAQ...



All Joe Average has to do is bet the market. It's a risky strategy, however, when there are asset bubbles like we have now.

 

I feel, Unless you’re independently wealthy, you need at least three retirement plans between you and your spouse. Even three doesn’t seem enough when you consider how fast assisted living can eat up the retirement of one of you for the surviving spouse.IMHO, Betting the market should only be one of your three programs. The last thing is, don’t go into retirement owing anything or anyone.

 

Why would I think that, especially when I taught high school.

We need social programs because people have difficulty taking care of themselves in old age.

 

My wife and I both have assets and invest them.

 

Happened on Obamas watch, lasted most of his 2 terms, it was obamas adjustment.

 

We each do too, but we have together three, soon to be four other non privatized retirement plans….and assisted living insurance. And key, we made plans to have no mortgage or any other payments. Little things like paying yourself for future car payments so you always own every future purchase free and clear is important to us.

 

I don't think you understand my position.

 

You keep wanting to argue a point we both already agreed on; getting rid of Social security is not an option.

That does not change the fact that a private retirement plan would generate more Capitol, give greater freedom to decide retirement, how much money can be taken, and so forth.

Is it just that you enjoy showing everyone how tough and smart you try to be?

 

We need social programs because some people have never been taught how to take care of themselves in old age, or have the discipline it takes.

 

Hilarious….sure. Obama was left the worse situation since 1929. Obama’s priority was to get millions of middle class people insured who lost their jobs and were left with no health insurance…do don’t remember thev shape the market was in when he took over
Bush, like other republicans kill the middle class with their tax cuts and recessions. Somehow, MAGAs shiz on liberals for saving peoples lives and lifting people out of poverty. The gop promote shitz that kills people, makes them homeless with no health insurance .

 

We don't use Medicare or collect Social Security. We're quite comfortable. We consider ourselves fortunate.

 

There are some people who do the right thing, but have bad luck.