trump vows to cut the source of funding for social security benefits, and medicare

Author: n8nrgmi ,

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  • n8nrgmi
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    n8nrgmi

    here is an article describing it

    the thing is, if those taxes get cut, that will mean the trust fund for those programs will be depleted sooner than expect. those benefits are already on a path to eventually get cut within the next ten to fifteen years, and if he cuts that funding, the benefits will be on a path to get cut sooner. this includes benefits for those who are disabled. the government made a promise to give benefits back for what has been paid, but if trump does this, the government will sooner than expect renege on that promise. 
  • ILikePie5
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    It was a postponement of the payroll tax cut. Any permanent payroll tax cut would have to be passed by Congress. Entitlement spending is required by law to always be there.

    Not to mention Joe Biden is on record from the Senate floor saying he wants tie reduct Social Security and Medicare. Trump has pledged to protect those even if it means cutting spending elsewhere.
  • Greyparrot
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    Who cares? Congress could have fixed that problem 50 years ago and can still fix it now, regardless of what Trump does.

    Why do you want to give Congress a pass for not fixing the budget?

    Congress is like that perpetually fat teenager in the basement who keeps saying they will mow the lawn for 50 years but instead plays Xbox all day. So when their parents come in and take the Xbox away to pay for someone to mow the lawn, the Congress calls up CNN to get a petition to evict his parents and get the parents arrested.
  • MisterChris
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    Good.
    -Cutting payroll taxes stimulate the economy
    - Private healthcare and private social security is better, precisely because of the lack of funding you so elegantly point out
    - we are a healthy $26 trillion dollars in debt.
  • Greyparrot
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    --> @MisterChris
    Congress is like that perpetually fat teenager in the basement who keeps saying they will mow the lawn for 50 years but instead plays Xbox all day. So when their parents come in and take the Xbox away to pay for someone to mow the lawn, the Congress calls up CNN to get a petition to evict his parents and get the parents arrested.
  • MisterChris
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    --> @Greyparrot
    That is... probably the most accurate description I've heard
  • n8nrgmi
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    --> @MisterChris
    so you're cool with the government reneging on their promise to pay beneficiaries, and having the trust fund run out sooner than expected and everyone's benefits getting cut sooner than expected? if that is your position, how do you justify it?
  • n8nrgmi
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    --> @Greyparrot @ILikePie5
    see the questions in the above post
  • ILikePie5
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    --> @n8nrgmi
    so you're cool with the government reneging on their promise to pay beneficiaries, and having the trust fund run out sooner than expected and everyone's benefits getting cut sooner than expected? if that is your position, how do you justify it?
    It’s literally illegal rn lol. Entitlement spending is required by law. The money will just come from other places as it has for the past decade 
  • Greyparrot
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    --> @n8nrgmi
    Justice? Justification?

    We elected an incompetant Congress that blamed the presidency for not fixing the budget for 50 years and got away with it.

    That justification enough for you?
  • ILikePie5
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    --> @Greyparrot
    Entitlements are going to implode anyways because Democrats don’t want people to have kids and fund Medicare for All and Green New Deals
  • n8nrgmi
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    --> @ILikePie5
    the path benefits are on now, medicare is suppose to be cut within about eight years, and social security by 25% within fifteen years. if these dont have a source of revenue through payroll taxes, the cuts will come much sooner. 
  • Greyparrot
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    --> @ILikePie5
    All the kids voting for free shit are the ones who are actually going to pay for it. I am just gonna laugh my ass off from my boomer retirement home.
  • Greyparrot
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    --> @n8nrgmi
    the path benefits are on now, medicare is suppose to be cut within about eight years, and social security by 25% within fifteen years. if these dont have a source of revenue through payroll taxes, the cuts will come much sooner. 

    Exactly which member of Congress do you look toward as a leader that champions the kind of legislation required to fix this. Pelosi perhaps? Do you truly think she gives a fuck about you?

    How about AOC, do you think she has the leadership skills and the political courage required to fix your government benefits?

    Do you?

    Really?

  • n8nrgmi
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    --> @Greyparrot @ILikePie5
    it looks like ya'll just support trump no matter what he does. if he doesn't attack social security and medicare, you will say good job for sticking to your promise not to. if he does attack them, you will say good job those are government mismanagement and waste at its finest. 
  • ILikePie5
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    --> @n8nrgmi
    the path benefits are on now, medicare is suppose to be cut within about eight years, and social security by 25% within fifteen years. if these dont have a source of revenue through payroll taxes, the cuts will come much sooner. 
    So you’d rather continue kicking the can down the road along with establishing your Green New Deals and Medicare for Alls, etc. We’ve known it was going to fail for years but it’s just been politically inconvenient to do something about it.

    But once again you don’t understand what required by law means. You are forced to pay for those first in every budget every fiscal year which constitutes two thirds of the annual budget. The only “cuts” can come from passing of legislation. Otherwise the govt is forced to borrow more money or cut spending elsewhere. Government 101
  • ILikePie5
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    --> @n8nrgmi
    it looks like ya'll just support trump no matter what he does. if he doesn't attack social security and medicare, you will say good job for sticking to your promise not to. if he does attack them, you will say good job those are government mismanagement and waste at its finest. 
    He’s not attacking Social Security and Medicare lol. They will get funding no matter what because it’s required by law to do so. I personally think entitlement spending should be cut, but it’s politics and it would be political suicide to do so right now which would result in radicals in charge of the government which would be worse.
  • Greyparrot
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    --> @ILikePie5
    Exactly, we can expect another 50 years of Congress blaming the presidency for failing to pass a budget, because the Zoomer voters don't understand basic civics.

  • n8nrgmi
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    --> @ILikePie5
    you are factually incorrect that the government must pay full benefits even if the source if funding is inadequate...
  • n8nrgmi
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    so you guys should just state explicitly that you are cool with the government not keeping its promise to pay benefits for folks' contributions, and that you prefer that that promise not be kept sooner than later. and ya'll should also state that trump was wrong to initially promise that we shouldn't cut those programs. 
  • ILikePie5
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    --> @n8nrgmi
    you are factually incorrect that the government must pay full benefits even if the source if funding is inadequate...
    That’s not what your source says lol. It talks about at what point the trust fund will self implode because old people outnumber young people. The government can cut spending and/or borrow money to fill it lol
  • MisterChris
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    --> @n8nrgmi
    The truth is it is an empty promise. The government will not be able to pay everyone back, so public social security needs to die. Ideally, I would have the government stop taking on new social security members in favor of private entities. Then, anyone not satisfied with government social security can opt to switch to private freely, and whoever has been already promised money and wants it from the government can stay enrolled. Over time, as old generations die off and new generations are born, social security would be privatized. It is a lengthy but necessary process, as public social security is unsustainable.
  • ILikePie5
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    --> @n8nrgmi
    so you guys should just state explicitly that you are cool with the government not keeping its promise to pay benefits for folks' contributions, and that you prefer that that promise not be kept sooner than later. and ya'll should also state that trump was wrong to initially promise that we shouldn't cut those programs. 
    It’s gonna implode anyways lol. 
  • ILikePie5
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    --> @n8nrgmi

    Government 101 my friend. Mandatory spending means mandatory unless changed by the law which required legislation.
  • SupaDudz
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    --> @n8nrgmi
    I have a huge problem with social security. Most of it goes to unemployed people who gangbang in the streets because there only source of revenue is selling drugs and living off the government. You're ultimate goal should be getting a job and then becoming employed. The cuts of unemployment I have very little problem with. Plus they are still gonna get money from the stimulus bill