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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - SS funding (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/ss-funding-317998/)

Quote:

Originally Posted by davem4616 (Post 1922827)

it's a political football that will generate votes based on their campaign lies

Not sure who “their” refers to, but in my experience, if people and parties stick to issues, not personal slander, the economic issues are relatively easier to discern positions.

Lots of spread sheet “nerds” will show the facts and then we can discern what we want.

My fear is that recently, the personal slander and accusations become the standard.

Heck we had one national party who just flat out refused to even present a platform.

Question and I hope my message is not deleted once again by the message board police, but if I wait until my full retirement age and start collecting social security, am I able to collect my full monthly social security benefits of $3113 (current maximum amount for single ) and still collect my own monthly retirement of approximately $35,000 in pensions, investments, annuities, royalties for a yearly grand total of $450,000 for the rest of my life with a yearly cost of living increase?

I understand the answer is yes and this is one of the many reasons Social Security is so messed-up. People like myself should not be collecting Social Security and I hope someone in congress will have the intestinal fortitude to change how we as a society collect Social Security.

Quote:

Originally Posted by Neils (Post 1922446)

Wondering why the depleted SS funding is not being restored to cover expected expenditures for the next 50 years?

With all the trillions of $$$ being given away and lots of new people being added to the qualified recipient list, it seems like a good time to invest a few billion $$$ in SS funding.

IMO Covid reduced future payouts along with Medicare projection down. Notice I didn’t say Medicaid or any of the entitlements. And for ones that says SS is entitlement? some of use actually earned it working 40 to 50 years by paycheck deductions. In my case I’ll have to live to about 79 to get my deductions to break even.

Quote:

Originally Posted by FG111 (Post 1922842)

You don’t have to collect it if you’re so well off. It not mandatory. for some of use we worked at meaningless jobs surviving, scraping, and saving for 50 years to be able to retire. Obeyed laws, not getting DWIs, divorces, on drugs, or any other career wreaking habits.

Quote:

Originally Posted by DAVES (Post 1922589)

Economics, REALITY. If, any company ran it's accounting as our government does, we the people would scream and demand they investigate and close down that business.

Social security. They and we the people allowed, demanded it get out of hand. I recall reading when FDR created, allowed the plan to be created, there were 14 plus people paying in for everyone collecting. Today, the number is 2.5. To make it worse, prescription coverage has been added, funding for national health care has been added.
With no additional tax to cover it.

The choice, cut back what is paying out. Wait! I paid in for 45 years. What do you mean you spent my money to buy our parent's votes? Increase taxes on young people? Wait
we want to tax them into poverty they will scream. What we are doing. We are increasing the deficit. A battle cry of the American Revolution-No taxation without representation. We are taxing people that have not even been born yet.

We the people are guilty but blame others. It is glorious to spend more, pay out more.
Paying old debts. There is no glory in that, till after it explodes and there is no other choice.

No we the people are not. It career politicians that create laws and projection bean counters’ that can’t count. We The people however are responsible for voting in career politicians decade after decade with same poor results.

Quote:

Originally Posted by retiredguy123 (Post 1922479)

I'm not sure what you are asking. All Federal programs are funded with borrowed money because there is a national debt. You can pretend that there is a Social Security "trust" fund, but it really doesn't exist.

Yes, borrowed from taxpayer.

Quote:

Originally Posted by Topspinmo (Post 1922891)

Hello Sir-
I apologize if you misunderstood my response, but my point is that Social Security needs to be "fixed" in order that the next generation will also benefit from Social Security. Since "fixing" means higher contribution rates and lower pay-out benefits, no politician is going to risk his ass in order to fix Social Security.

In 2006 congress passed a law that made the post office PRE PAY 75 years of their retirement account within 10 years, which is why they claim the post office is losing money.

Maybe they should pass a law that they prefund SS for the next 100 years!