The new Social Security Trustees report shows that the program's shortfall is getting closer.
Why?
Trump's tax breaks for the rich cut into Social Security's revenue.
Experts say it moved the depletion date up by SIX MONTHS.
We are being scammed.
Yesterday someone tried to tell me we're better off without literacy because writing is a means of control. My friend, those who seek your oppression don't want you literate. The ability to read & communicate is our best defense against tyranny. And they're taking it from us.
capitalism is just like “okay hear me out. what if instead of living in a nice safe world where everyone's basic needs are met, we live in a bad dangerous world where most people can barely feed themselves but two people have like 500 yachts”
If your bank forced you to legally put a certain amount of your paycheck every payday for 30 years into a savings account for your "retirement," didn't give you interest, then when you were getting ready to retire, said "we're only going to give you 70% of your money back, because we can't afford to pay you the full amount."
Would you accept that?
Vote every Republican out.
Social Security does not add to the national debt. It is even prohibited by law from borrowing money.
Politicians who talk about cutting or changing Social Security to address the debt are lying to you.
Here is how Social Security funding works:
Social Security is funded by payroll taxes. When more money comes in from payroll taxes than benefits that need to be paid out, Social Security is obligated to invest the surplus in Treasuries.
Treasuries are bonds. Governments and corporations issue bonds to generate money. A bond is a loan from the purchaser to the issuer.
A bond has a principal, a maturity date, and an interest rate. The principal is the value of the bond. When you buy a bond, you pay the principal. When the bond reaches its maturity date, the issuer is required to pay the principal back to the holder. The interest rate is the amount the issuer pays to the bondholder.
It is similar to how, when you take out a 30-year mortgage, you agree to a repayment schedule and to pay interest until the loan is repaid.
As Treasuries mature, if Social Security doesn't need that extra money, it rolls them over by buying new Treasuries.
When Social Security needs more money to cover benefits, it cashes out Treasuries.
The federal government has had a deficit for the past 25 years. This means that when it has to meet its obligations, it needs to borrow money.
This is how people claim that Social Security adds to the debt. That is ridiculous.
Companies and countries buy US Treasuries. You and I can buy them. Anyone holding a Treasury when it matures isn't increasing the debt. The government’s unbalanced budget is causing the debt.
Cutting Social Security will do nothing to get the US out of debt, but it would create hardship for millions of Americans.
Social Security currently has a shortfall, primarily because people are living longer and the large Boomer generation is retiring. In 1960, there were 5.1 people paying into Social Security. Today, there are only 2.7. The trust fund from past surpluses is keeping it afloat, but it is running out.
The easiest way to address the shortfall is to remove the tax cap on Social Security. Benefits do not have to be increased to do this. This is exactly what was done for Medicare in 1993. The tax cap was removed, and benefits weren't increased to better fund the program.
Some of y’all aren’t scared enough about running out of potable water. We need it to survive, our pets and farms do too. Data centres are using it up and wasting it. They project we could run out by 2039. Thirteen years. Stop asking AI questions, it’s not worth it.
The reason why The US hasn’t apologized or given reparations for the genocide of Black Americans, is because you can’t apologize for something you’re actively doing.
it’s crazy to take this whole thing as “this guy is being annoying” and not “wow this guy has to work a million times harder to get the same recognition as other directors trying way less to connect with their audiences”. and also then not make the connection as to why that is
See this is the shit i be talking about!!! Why in the fuck would you put your fucking dog on a FRUIT AND VEGETABLE SCALE?! Keep your (non service) animals at the fucking house! This is disgusting as fuck.
It's so funny whenever people are like "it's because of the LEFT that we're overrun by homeless people on the street!" knowing that the real reason is that Ronald Reagan slashed all the funding for low income housing and mental hospitals
Republicans didn’t cut “government waste.”
They cut your health care.
They cut your social security.
They cut your retirement.
They cut your SNAP.
AND they raised your taxes.
They’re just hoping you don’t notice.
When the Supreme Court repeatedly attacks voting rights and bends over backwards to a wannabe king, we should call it what it is.
This Court is racist, corrupt….and the American people deserve better.
White women have been calling Black women "Shenaenae", "La'Quisha", and "ShaNiqua" in a demeaning manner since the 80's. Latinas were called "Consuela", "Guadalupe", or "Maria" and Asian women were called "Ling-Ling", but the moment ‘Karen’ became a meme criticizing entitled behavior, suddenly people wanted to talk about respect and stereotyping.