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http://www.politicususa.com/2013/10/29/republicans-admit-cutting-social-security-stealing-american-people.html

 

 

 

reagan-social-security-485x291.jpg

 

A bellwether is an entity in a given arena that serves to create or influence trends or to presage future happenings, and in America one can arguably cite the New Deal as a bellwether that three generations of Republicans have sought to destroy. Chief among the New Deal’s features conservatives have spent nearly 80 years attempting to eliminate is the Social Security Trust primarily because it helps the American people and does not enrich corporations and the wealthy.

 

Over the past five years, the GOP and their conservative backers have spread lies and misinformation about Social Security and were successful in labeling it an “entitlement” to portray it as a handout that contributes to lazy Americans’ culture of dependency on government. However, Social Security is an entitlement only in the sense that people who paid into the program all their working lives are “entitled” to a return on their investment that in reality makes Social Security a “mandated retirement savings plan” Republicans lust to hand over to their wealthy Wall Street supporters.

 

There are myriad reasons Republicans hate Social Security including it is proof a government program can be successful, it helps the people, reduces poverty, pumps $2 into the economy for every benefit dollar spent contributing to economic growth, is wildly popular, and it has trillions of dollars in reserves conservatives believe belong to the rich. Republicans and Wall Street CEOs have spent no small amount of time, money, and energy portraying Social Security as going broke, blowing up the deficit, and an existential threat to America’s economy that Goldman Sachs CEO Lloyd Blankfien saidwe can’t afford.” Two months ago Speaker of the House John Boehner claimed Republicans would engage in a “whale of a fight” to slash discretionary spending on “entitlements” like Social Security as a primary feature of a deficit reduction plan in the government shutdown and debt ceiling crisis.

Republicans, like their man-god Ronald Reagan, know Social Security is forbidden by statute to add or take away one cent from the deficit, but they have been successful in convincing most of Washington, including President Obama, that any deficit reduction plan must slash Social Security “entitlement spending” or the nation’s economy is doomed. What Republicans, and some Democrats, refuse to tell the American people is that cutting Social Security is stealing from the people, creates poverty for senior citizens, and is detrimental to the nation’s economy.

 

Social Security’s purpose was to reduce poverty in Americans who could no longer work due to old age, and it has succeeded in providing retired Americans with a very modest retirement income, and as FDR intended, prevents seniors from living out the rest of their lives in poverty. According to the Urban Institute, an average couple with two-earners who earned average wages during their working lives receive less in Social Security benefits than they paid in, and it applies to single males and females as well. For most retired Americans the average Social Security benefit is less than $15,000 a year, and most retirees depend on that small amount as the major source of their income.

 

Still, Republicans claim it is an exorbitant expense creating a nation of takers that the country can no longer afford despite it is fully funded until at least 2037 with a surplus of approximately $2.8 trillion dollars in reserve. Further, the trust cannot run out of money and has an insanely lower administrative cost (1%) than 401K retirement plans Republicans and Wall Street claim are where Social Security belongs.

 

Cutting Social Security will also be a major hit to the nation’s economy because according to the Public Policy Institute, the retirement savings plan stimulates the economy to the tune of over $1 trillion annually that prompted Dean Baker to call the Social Security Trust “the greatest success story of any program in U.S. history.” At a paltry $15,000 in Social Security retirement income, retirees spend every last penny on goods and services, and even a hit from the popular chained-CPI will reduce the average retiree’s benefit by $658 a year at age 65, and $1,100 when they are 75; the economy would reflect the loss in consumer spending that would result in more job losses that may be a value-added feature Republicans seek.

Republicans and their filthy rich sponsors like the Koch brothers and Lloyd Blankfein are rabid to cut Social Security for a variety of reasons, but mainly because it is endemic to their vision to hurt millions of senior citizens, working families, disabled veterans, and children. They also want to destroy Social Security because it is wildly popular with the people and for nearly eighty years it belied Republican claims that government programs are inherent failures.

 

The Republicans also want desperately to get their hands on the Trust’s $2.8 trillion to pass on to the rich in the form of tax cuts, and to Wall Street to squander in the next market crash. Likely, they are also desperate to cut the program to conceal the money George W. Bush “borrowed” to pay for his two ill-advised and unfunded wars and tax cuts for the rich that are still contributing to the nation’s deficit.

 

There is no economic upside to cutting Social Security, and yet with every new Republican fiscal crisis and budget negotiation it is the first item on the agenda for Republicans to cut. Whether it is chained-CPI, raising the retirement age, or just slashing benefits, Republicans and so-called deficit hawks are on a crusade that began nearly 80 years ago to destroy the New Deal and what better way than decimate its greatest feature.

 

Republican liars know full well it does not and cannot affect the deficit, but that is not their reason for targeting the American people’s retirement program any more than claiming it will run out of money in the near future. If that were the case, they would eliminate the earnings cap and keep the program solvent in perpetuity, but that would guarantee that FDR’s New Deal vision to provide senior Americans with a secure retirement would continue without end.

 

If the American people have learned anything from Republicans over the past five years, it is that they will go to any lengths to eliminate the people’s financial security whether it is killing jobs, retarding economic growth, or stealing their pensions.

 

People can say what they want about the out-of-control spending and economic malfeasance of Ronald Reagan, but he did one thing the people are waiting for Barack Obama to do; tell the American people in the starkest terms thatSocial Security has nothing to do with the deficit” and put an end to the Republicans’ eighty year crusade to destroy the program once and for all.

 

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While the GOP may be trying to allow diversity in the plans, Democrats are the real culprit.

 

Who put the Social Security fund into the General fund, open for easy raid? LBJ

 

Who instituted taxes on Social Security income? BClinton.

Who takes 500 billion outta social secutity to fund obamacare? (ans. "H"). :)

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While the GOP may be trying to allow diversity in the plans, Democrats are the real culprit.

 

Who put the Social Security fund into the General fund, open for easy raid? LBJ

 

Who instituted taxes on Social Security income? BClinton.

 

 

The SS fund is a guaranteed trust fund, and is separate from the general discretionary budget. It has not contributed a dime to the debt, and has never been "raided". It cannot be used for anything other than paying it's participants and the disabled.

the republicans HATE SS because it's the most successful, most liked LIBERAL program in American history. Every day it exists it refutes the entire platform and ideology of the republicans.

They have repeatedly tried every sneaky, crafty way to destroy SS, and have failed miserably every time. they'll continue to fail.

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http://www.politicususa.com/2013/10/29/republicans-admit-cutting-social-security-stealing-american-people.html

 

 

 

reagan-social-security-485x291.jpg

 

A bellwether is an entity in a given arena that serves to create or influence trends or to presage future happenings, and in America one can arguably cite the New Deal as a bellwether that three generations of Republicans have sought to destroy. Chief among the New Deal’s features conservatives have spent nearly 80 years attempting to eliminate is the Social Security Trust primarily because it helps the American people and does not enrich corporations and the wealthy.

 

Over the past five years, the GOP and their conservative backers have spread lies and misinformation about Social Security and were successful in labeling it an “entitlement” to portray it as a handout that contributes to lazy Americans’ culture of dependency on government. However, Social Security is an entitlement only in the sense that people who paid into the program all their working lives are “entitled” to a return on their investment that in reality makes Social Security a “mandated retirement savings plan” Republicans lust to hand over to their wealthy Wall Street supporters.

 

There are myriad reasons Republicans hate Social Security including it is proof a government program can be successful, it helps the people, reduces poverty, pumps $2 into the economy for every benefit dollar spent contributing to economic growth, is wildly popular, and it has trillions of dollars in reserves conservatives believe belong to the rich. Republicans and Wall Street CEOs have spent no small amount of time, money, and energy portraying Social Security as going broke, blowing up the deficit, and an existential threat to America’s economy that Goldman Sachs CEO Lloyd Blankfien saidwe can’t afford.” Two months ago Speaker of the House John Boehner claimed Republicans would engage in a “whale of a fight” to slash discretionary spending on “entitlements” like Social Security as a primary feature of a deficit reduction plan in the government shutdown and debt ceiling crisis.

Republicans, like their man-god Ronald Reagan, know Social Security is forbidden by statute to add or take away one cent from the deficit, but they have been successful in convincing most of Washington, including President Obama, that any deficit reduction plan must slash Social Security “entitlement spending” or the nation’s economy is doomed. What Republicans, and some Democrats, refuse to tell the American people is that cutting Social Security is stealing from the people, creates poverty for senior citizens, and is detrimental to the nation’s economy.

 

Social Security’s purpose was to reduce poverty in Americans who could no longer work due to old age, and it has succeeded in providing retired Americans with a very modest retirement income, and as FDR intended, prevents seniors from living out the rest of their lives in poverty. According to the Urban Institute, an average couple with two-earners who earned average wages during their working lives receive less in Social Security benefits than they paid in, and it applies to single males and females as well. For most retired Americans the average Social Security benefit is less than $15,000 a year, and most retirees depend on that small amount as the major source of their income.

 

Still, Republicans claim it is an exorbitant expense creating a nation of takers that the country can no longer afford despite it is fully funded until at least 2037 with a surplus of approximately $2.8 trillion dollars in reserve. Further, the trust cannot run out of money and has an insanely lower administrative cost (1%) than 401K retirement plans Republicans and Wall Street claim are where Social Security belongs.

 

Cutting Social Security will also be a major hit to the nation’s economy because according to the Public Policy Institute, the retirement savings plan stimulates the economy to the tune of over $1 trillion annually that prompted Dean Baker to call the Social Security Trust “the greatest success story of any program in U.S. history.” At a paltry $15,000 in Social Security retirement income, retirees spend every last penny on goods and services, and even a hit from the popular chained-CPI will reduce the average retiree’s benefit by $658 a year at age 65, and $1,100 when they are 75; the economy would reflect the loss in consumer spending that would result in more job losses that may be a value-added feature Republicans seek.

Republicans and their filthy rich sponsors like the Koch brothers and Lloyd Blankfein are rabid to cut Social Security for a variety of reasons, but mainly because it is endemic to their vision to hurt millions of senior citizens, working families, disabled veterans, and children. They also want to destroy Social Security because it is wildly popular with the people and for nearly eighty years it belied Republican claims that government programs are inherent failures.

 

The Republicans also want desperately to get their hands on the Trust’s $2.8 trillion to pass on to the rich in the form of tax cuts, and to Wall Street to squander in the next market crash. Likely, they are also desperate to cut the program to conceal the money George W. Bush “borrowed” to pay for his two ill-advised and unfunded wars and tax cuts for the rich that are still contributing to the nation’s deficit.

 

There is no economic upside to cutting Social Security, and yet with every new Republican fiscal crisis and budget negotiation it is the first item on the agenda for Republicans to cut. Whether it is chained-CPI, raising the retirement age, or just slashing benefits, Republicans and so-called deficit hawks are on a crusade that began nearly 80 years ago to destroy the New Deal and what better way than decimate its greatest feature.

 

Republican liars know full well it does not and cannot affect the deficit, but that is not their reason for targeting the American people’s retirement program any more than claiming it will run out of money in the near future. If that were the case, they would eliminate the earnings cap and keep the program solvent in perpetuity, but that would guarantee that FDR’s New Deal vision to provide senior Americans with a secure retirement would continue without end.

 

If the American people have learned anything from Republicans over the past five years, it is that they will go to any lengths to eliminate the people’s financial security whether it is killing jobs, retarding economic growth, or stealing their pensions.

 

People can say what they want about the out-of-control spending and economic malfeasance of Ronald Reagan, but he did one thing the people are waiting for Barack Obama to do; tell the American people in the starkest terms thatSocial Security has nothing to do with the deficit” and put an end to the Republicans’ eighty year crusade to destroy the program once and for all.

 

 

Dumbfuck, don't copy and paste the entire article. Do use legitimate sources kiddy toucher.

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Last time I checked it was Obama threatening to take social security. Every time he doesn't get his way on the debt ceiling he threatens to take social security away..

 

 

Link please.

 

Hey zipper, you are thenightstalker. You need to be banned.

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“In 2033, incoming revenue and trust fund resources will be insufficient to maintain payment of full benefits,” Treasury Secretary Tim Geithner, said, referring to Social Security.

“At that point there will only be enough money to cover about three-fourths of full benefits.”

 

Social Security is broken into two arms: Retirement, and its disability program, which aids 11 million Americans and will be exhausted two years earlier than last year’s estimate.

In 2011, the report estimated that funds would last until 2036.

http://abcnews.go.com/blogs/politics/2012/04/social-security-and-medicare-could-run-out-sooner-than-expected/

 

Is there a democrat plan to avoid catastrophe come 2033?

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laffin. It works every time.

I ask for backup, some lowinformation voter throws u[p a link that doesn't support their statements.

recap: I said the republicans were always trying to destroy SS.

Lavabit said "Obama is trying to take away SS.

I ask for backup.

lavabit posts an article that says Obama has said that the republican shutdown might delay the SS checks.

 

...more vindication of the studies that show that conservatives have a lower IQ than liberals.

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“In 2033, incoming revenue and trust fund resources will be insufficient to maintain payment of full benefits,” Treasury Secretary Tim Geithner, said, referring to Social Security.

“At that point there will only be enough money to cover about three-fourths of full benefits.”

 

Social Security is broken into two arms: Retirement, and its disability program, which aids 11 million Americans and will be exhausted two years earlier than last year’s estimate.

In 2011, the report estimated that funds would last until 2036.

http://abcnews.go.com/blogs/politics/2012/04/social-security-and-medicare-could-run-out-sooner-than-expected/

 

Is there a democrat plan to avoid catastrophe come 2033?

 

 

ahhh, SS will last another 20 yrs before it starts to lose money, based on the assumption that the economy doesn't improve, the interest rates don't go up, the yadda yadda yadda, etc...

the most successful liberal prgm ever devised, and it will continue to be the most successful.

 

lavabit ponders his next post...

 

 

banana-slug1.jpg

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The same way you wont admit letting Americans have the OPTION to invest a portion of their social security on a VOLUNTEER basis is COMMUNISM!

 

Freaken loser!

 

Jesus you are an idiot.

 

While the GOP may be trying to allow diversity in the plans, Democrats are the real culprit.

 

Who put the Social Security fund into the General fund, open for easy raid? LBJ

 

Who instituted taxes on Social Security income? BClinton.

 

Horsesh*t.

 

Excess SS receipts have always had to be invested in Treasury Bills.

 

Ronald Reagan was the Executive when SS income began to be taxed, He was also the Executive who "fixed" SS for future generations.

 

Deal with reality instead of lies.

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The SS fund is a guaranteed trust fund, and is separate from the general discretionary budget. It has not contributed a dime to the debt, and has never been "raided". It cannot be used for anything other than paying it's participants and the disabled.

the republicans HATE SS because it's the most successful, most liked LIBERAL program in American history. Every day it exists it refutes the entire platform and ideology of the republicans.

They have repeatedly tried every sneaky, crafty way to destroy SS, and have failed miserably every time. they'll continue to fail.

Good to know SS is in great shape, no need to raise or eliminate the cap.

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The SS fund is a guaranteed trust fund, and is separate from the general discretionary budget. It has not contributed a dime to the debt, and has never been "raided". It cannot be used for anything other than paying it's participants and the disabled.

the republicans HATE SS because it's the most successful, most liked LIBERAL program in American history. Every day it exists it refutes the entire platform and ideology of the republicans.

They have repeatedly tried every sneaky, crafty way to destroy SS, and have failed miserably every time. they'll continue to fail.

So a debt is not really a debt?

 

Need a tissue?

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Social Security is an entitlement, its not welfare. People pay into the system their entire working lives and usually, if they live long enough, collect a pretty shitty return on their investment. No one on the Conservative side sees SS as welfare. Its a program that has been wrongfully added to the general fund and raided, filled with unpaid IOUs. That is the issue with social security, that and population graying. When we have more people drawing from SS than we have workers contributing to the system, even if the funds were not raided, there would still be some issues about sustainability.

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http://www.politicususa.com/2013/10/29/republicans-admit-cutting-social-security-stealing-american-people.html

 

 

 

reagan-social-security-485x291.jpg

 

A bellwether is an entity in a given arena that serves to create or influence trends or to presage future happenings, and in America one can arguably cite the New Deal as a bellwether that three generations of Republicans have sought to destroy. Chief among the New Deal’s features conservatives have spent nearly 80 years attempting to eliminate is the Social Security Trust primarily because it helps the American people and does not enrich corporations and the wealthy.

 

Over the past five years, the GOP and their conservative backers have spread lies and misinformation about Social Security and were successful in labeling it an “entitlement” to portray it as a handout that contributes to lazy Americans’ culture of dependency on government. However, Social Security is an entitlement only in the sense that people who paid into the program all their working lives are “entitled” to a return on their investment that in reality makes Social Security a “mandated retirement savings plan” Republicans lust to hand over to their wealthy Wall Street supporters.

 

There are myriad reasons Republicans hate Social Security including it is proof a government program can be successful, it helps the people, reduces poverty, pumps $2 into the economy for every benefit dollar spent contributing to economic growth, is wildly popular, and it has trillions of dollars in reserves conservatives believe belong to the rich. Republicans and Wall Street CEOs have spent no small amount of time, money, and energy portraying Social Security as going broke, blowing up the deficit, and an existential threat to America’s economy that Goldman Sachs CEO Lloyd Blankfien saidwe can’t afford.” Two months ago Speaker of the House John Boehner claimed Republicans would engage in a “whale of a fight” to slash discretionary spending on “entitlements” like Social Security as a primary feature of a deficit reduction plan in the government shutdown and debt ceiling crisis.

Republicans, like their man-god Ronald Reagan, know Social Security is forbidden by statute to add or take away one cent from the deficit, but they have been successful in convincing most of Washington, including President Obama, that any deficit reduction plan must slash Social Security “entitlement spending” or the nation’s economy is doomed. What Republicans, and some Democrats, refuse to tell the American people is that cutting Social Security is stealing from the people, creates poverty for senior citizens, and is detrimental to the nation’s economy.

 

Social Security’s purpose was to reduce poverty in Americans who could no longer work due to old age, and it has succeeded in providing retired Americans with a very modest retirement income, and as FDR intended, prevents seniors from living out the rest of their lives in poverty. According to the Urban Institute, an average couple with two-earners who earned average wages during their working lives receive less in Social Security benefits than they paid in, and it applies to single males and females as well. For most retired Americans the average Social Security benefit is less than $15,000 a year, and most retirees depend on that small amount as the major source of their income.

 

Still, Republicans claim it is an exorbitant expense creating a nation of takers that the country can no longer afford despite it is fully funded until at least 2037 with a surplus of approximately $2.8 trillion dollars in reserve. Further, the trust cannot run out of money and has an insanely lower administrative cost (1%) than 401K retirement plans Republicans and Wall Street claim are where Social Security belongs.

 

Cutting Social Security will also be a major hit to the nation’s economy because according to the Public Policy Institute, the retirement savings plan stimulates the economy to the tune of over $1 trillion annually that prompted Dean Baker to call the Social Security Trust “the greatest success story of any program in U.S. history.” At a paltry $15,000 in Social Security retirement income, retirees spend every last penny on goods and services, and even a hit from the popular chained-CPI will reduce the average retiree’s benefit by $658 a year at age 65, and $1,100 when they are 75; the economy would reflect the loss in consumer spending that would result in more job losses that may be a value-added feature Republicans seek.

Republicans and their filthy rich sponsors like the Koch brothers and Lloyd Blankfein are rabid to cut Social Security for a variety of reasons, but mainly because it is endemic to their vision to hurt millions of senior citizens, working families, disabled veterans, and children. They also want to destroy Social Security because it is wildly popular with the people and for nearly eighty years it belied Republican claims that government programs are inherent failures.

 

The Republicans also want desperately to get their hands on the Trust’s $2.8 trillion to pass on to the rich in the form of tax cuts, and to Wall Street to squander in the next market crash. Likely, they are also desperate to cut the program to conceal the money George W. Bush “borrowed” to pay for his two ill-advised and unfunded wars and tax cuts for the rich that are still contributing to the nation’s deficit.

 

There is no economic upside to cutting Social Security, and yet with every new Republican fiscal crisis and budget negotiation it is the first item on the agenda for Republicans to cut. Whether it is chained-CPI, raising the retirement age, or just slashing benefits, Republicans and so-called deficit hawks are on a crusade that began nearly 80 years ago to destroy the New Deal and what better way than decimate its greatest feature.

 

Republican liars know full well it does not and cannot affect the deficit, but that is not their reason for targeting the American people’s retirement program any more than claiming it will run out of money in the near future. If that were the case, they would eliminate the earnings cap and keep the program solvent in perpetuity, but that would guarantee that FDR’s New Deal vision to provide senior Americans with a secure retirement would continue without end.

 

If the American people have learned anything from Republicans over the past five years, it is that they will go to any lengths to eliminate the people’s financial security whether it is killing jobs, retarding economic growth, or stealing their pensions.

 

People can say what they want about the out-of-control spending and economic malfeasance of Ronald Reagan, but he did one thing the people are waiting for Barack Obama to do; tell the American people in the starkest terms thatSocial Security has nothing to do with the deficit” and put an end to the Republicans’ eighty year crusade to destroy the program once and for all.

 

 

What cuts have been made? Answer the question mutherfiucker!

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Dems fear Obama’s Social Security cut will haunt them in 2014 races

By Mike Lillis - 04/14/13 10:00 AM EDT

A growing number of House Democrats are concerned that President Obama's proposal to cut Social Security benefits will haunt the party at the polls in 2014.

 

Although Democrats have long-championed the retirement program, they say Obama's plan to reduce payments for future beneficiaries through a chained consumer price index (CPI) has weakened their stance and opened the door for Republicans to vilify the president.

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The SS fund is a guaranteed trust fund, and is separate from the general discretionary budget. It has not contributed a dime to the debt, and has never been "raided". It cannot be used for anything other than paying it's participants and the disabled.

the republicans HATE SS because it's the most successful, most liked LIBERAL program in American history. Every day it exists it refutes the entire platform and ideology of the republicans.

They have repeatedly tried every sneaky, crafty way to destroy SS, and have failed miserably every time. they'll continue to fail.

A little info for the REALLY IGNORANT F-UCKS,,,,,,

 

 

What Happened to the $2.6 Trillion Social Security Trust Fund?

Here’s how President Barack Obama answered CBS’s Scott Pelley’s question about whether he could guarantee that Social Security checks would go out on August 3, the day after the government is supposed to reach its debt limit: “I cannot guarantee that those checks [he included veterans and the disabled, in addition to Social Security] go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it.”

And Treasury Secretary Timothy Geithner echoed the president on CBS’s Face the Nation Sunday implying that if a budget deal isn’t reached by August 2, seniors might not get their Social Security checks.

Well, either Obama and Geithner are lying to us now, or they and all defenders of the Social Security status quo have been lying to us for decades. It must be one or the other.

Here’s why: Social Security has a trust fund, and that trust fund is supposed to have $2.6 trillion in it, according to the Social Security trustees. If there are real assets in the trust fund, then Social Security can mail the checks, regardless of what Congress does about the debt limit.

President Obama’s budget director, Jack Lew, explained all this last February in USA Today:

“Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers. These taxes are placed in a trust fund dedicated to paying benefits owed to current and future beneficiaries. … Even though Social Security began collecting less in taxes than it paid in benefits in 2010, the trust fund will continue to accrue interest and grow until 2025, and will have adequate resources to pay full benefits for the next 26 years.”

Notice that Lew said nothing about raising the debt ceiling, which was already looming, and it shouldn’t matter anyway because Social Security is “entirely self-financing” and off budget. What could be clearer?

Unconvinced, syndicated columnist Charles Krauthammer wrote a subsequent column questioning Lew’s assertions. “This [Lew’s] claim is a breathtaking fraud. The pretense is that a flush trust fund will pay retirees for the next 26 years. Lovely, except for one thing: The Social Security trust fund is a fiction. … In other words, the Social Security trust fund contains—nothing.”

Social Security status-quo defenders have assured us for the past 25 years that Social Security is fully funded—for the next 25 years, or 2036. So if there are real assets in the Social Security Trust Fund—$2.6 trillion allegedly—then how could failure to reach a debt-ceiling agreement possibly threaten seniors’ Social Security checks?

The answer is that the federal government has borrowed all of that trust fund money and spent it, exactly as Krauthammer asserted. And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money—which, of course, it can’t do because of the debt ceiling.

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The SS fund is a guaranteed trust fund, and is separate from the general discretionary budget. It has not contributed a dime to the debt, and has never been "raided". It cannot be used for anything other than paying it's participants and the disabled.

the republicans HATE SS because it's the most successful, most liked LIBERAL program in American history. Every day it exists it refutes the entire platform and ideology of the republicans.

They have repeatedly tried every sneaky, crafty way to destroy SS, and have failed miserably every time. they'll continue to fail.

yeah, and any excess;meaning amount collected minus amount paid out, is used to buy Treasury bonds which finance the Government of the United States. So, all the extra monies collected have been used and they are IOU's in the form of Treasury Bonds that are only backed by the "full faith and credit" of the US Government.

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SS is insurance. It is paid for by forced payroll deductions or forced taking from the self employed. the money taken is a premium for future benefits (insurance). SS shoule NEVER be means tested, it is not an entitlement. When you have your money taken by force to buy this retirement insurance you have every expectation of recieving it when you hit the age you are eligible to start collecting it (whether you are wealthy or dirt poor, it does not matter). Where SS has to be eliminated is where people pay nothing in to the system. Also, there should be a minimum investment before you are eligible to collect for life after retirement. That is where the system is broken.

 

SS should be optional. Those under 45 should be given the option to forego any SS benefits in return for no longer having to pay into the system but forfeit what they have paid already. Of course this won't work because SS has become a ponzi scheme that takes in new money to pay out current claims. the SS funds don't exist they were stolen a long time ago and used for other things.

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