Democrats and Independents have warned that cuts to the Social Security Administration's budget are a step toward privatizing Social Security, which experts say could help solve the program's decreasing funding but would be a difficult transition.
Wouldn’t it mean when the private company makes risky investments with the Social Security trust fund, when the value is lost, the private company simply declares bankruptcy and you have nothing for the rest of your retirement years?
I mean both are bankrupt soooo. And they shouldnt be investing shit, I dont think it was ever supposed to gain money in any way it was just to be for later.
Your statement is fully false. You’ve been fed too many conservative talking points.
As long as conservatives don’t gut it worse or privatize it, and nothing else changes, after 2035 retires will still receive 83% benefits. 83% is FAR greater than nothing. Also, there are things we can do to avoid that 17% drop in 2035. Raising/removing the cap on Social Security income contributions would do it. Social Security has historically had tweaks like this to improve viability with the changing times. Thats how good management works.
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Wouldn’t it mean when the private company makes risky investments with the Social Security trust fund, when the value is lost, the private company simply declares bankruptcy and you have nothing for the rest of your retirement years?
I mean both are bankrupt soooo. And they shouldnt be investing shit, I dont think it was ever supposed to gain money in any way it was just to be for later.
Your statement is fully false. You’ve been fed too many conservative talking points.
As long as conservatives don’t gut it worse or privatize it, and nothing else changes, after 2035 retires will still receive 83% benefits. 83% is FAR greater than nothing. Also, there are things we can do to avoid that 17% drop in 2035. Raising/removing the cap on Social Security income contributions would do it. Social Security has historically had tweaks like this to improve viability with the changing times. Thats how good management works.
Useful idiots love talking fake facts with that air of confidence…
But clown doesn’t understand how SS regime even operates or he would know how stupid that statement is