Medicare and Social Security in big trouble

#3
#3
“More than 62 million retirees, disabled workers, spouses and surviving children receive Social Security benefits. The average monthly payment is $1,294 for all beneficiaries.”

I was a bank teller 14 years ago. I remember cashing social security checks for an old Ukrainian couple whose granddaughter had to translate for them. They had just moved here and each got $600 a month just for being here.

When people take more than they give it’s not going to last. Duhhhhhhh
 
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#5
#5
has nothing to do with the tax cute..has everything to do with a lack of work versus support retirees..the simple fix will eliminate the FICA limit of 6.25% or 120k. You can 6.25%on all earning moving forward...You can thank the rich for saving the program.
 
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#6
#6
Biopsyman said:
has nothing to do with the tax cute..has everything to do with a lack of work versus support retirees..the simple fix will eliminate the FICA limit of 6.25% or 120k. You can 6.25%on all earning moving forward...You can thank the rich for saving the program.
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:yes:
 
#7
#7
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#11
#11
tumscalcium said:
“More than 62 million retirees, disabled workers, spouses and surviving children receive Social Security benefits. The average monthly payment is $1,294 for all beneficiaries.”

I was a bank teller 14 years ago. I remember cashing social security checks for an old Ukrainian couple whose granddaughter had to translate for them. They had just moved here and each got $600 a month just for being here.

When people take more than they give it’s not going to last. Duhhhhhhh
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From Social Security Administration FAQ.
Q5. Which political party decided to start giving annuity payments to immigrants?
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Neither immigrants nor anyone else is able to collect Social Security benefits without someone paying Social Security payroll taxes into the system. The conditions under which Social Security benefits are payable, and to whom, can be found in the pamphlets available on our website.

The question confuses the Supplemental Security Income (SSI) program with Social Security. SSI is a federal welfare program and no contributions, from immigrants or citizens or anyone else, is required for eligibility. Under certain conditions, immigrants can qualify for SSI benefits. The SSI program was an initiative of the Nixon Administration and was signed into law by President Nixon on October 30, 1972.
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#13
#13
Orangedogsrule said:
From Social Security Administration FAQ.
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I was a bank teller 14 years ago. I remember cashing social security checks for an old Ukrainian couple whose granddaughter had to translate for them. They had just moved here and each got $600 a month just for being here.
 
#14
#14
tumscalcium said:
I was a bank teller 14 years ago. I remember cashing social security checks for an old Ukrainian couple whose granddaughter had to translate for them. They had just moved here and each got $600 a month just for being here.
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Why do you think we have a illegals flooding in here as well,,
 
#20
#20
DancingOutlaw said:
Remind me again what part of corporate tax pays for SS and MC? Lol
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My understanding is that the government has essentially taken money from the tax dollars collected specifically for MC and SS and used the money for other things. Paying that money back would come from other tax sources, like corporate taxes, which were just massively cut for no good reason.
 
#21
#21
evillawyer said:
My understanding is that the government has essentially taken money from the tax dollars collected specifically for MC and SS and used the money for other things. Paying that money back would come from other tax sources, like corporate taxes, which were just massively cut for no good reason.
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You identified the problem.

The solution isn’t to just tax whatever the f to make up for it.
 
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#22
#22
evillawyer said:
My understanding is that the government has essentially taken money from the tax dollars collected specifically for MC and SS and used the money for other things. Paying that money back would come from other tax sources, like corporate taxes, which were just massively cut for no good reason.
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Understand better.........they have been robbing Peter to pay Paul for decades.......tax cuts are already boosting the economy and that is where the tax dollars come from.....US......
 
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#23
#23
evillawyer said:
My understanding is that the government has essentially taken money from the tax dollars collected specifically for MC and SS and used the money for other things. Paying that money back would come from other tax sources, like corporate taxes, which were just massively cut for no good reason.
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Let's ***** when the revenue collection numbers come in.
 
#24
#24
Vol8188 said:
None of you have ever answered me on this. Why should corporations be taxed?
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Why should they not be? They're legal entities with rights under the law. They take up resources. They benefit from our rule of law, national defense, etc.
 
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