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Old 09-10-2020, 01:03 PM
 
Location: SoCal
20,162 posts, read 11,427,423 times
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Quote:
Originally Posted by mathjak107 View Post
80 million voting baby boomers says so
We’re not the biggest group anymore, it’s the millennium.
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Old 09-10-2020, 01:04 PM
 
Location: SoCal
20,162 posts, read 11,427,423 times
Reputation: 16963
Quote:
Originally Posted by lieqiang View Post
Unfunded obligations of 16.8 trillion over 75 years = 224 billion per year.

Still a big number but in perspective that's only 5% of the 4.5 trillion federal budget for 2020. As mathjak alluded to it could be covered by various combinations of removing the cap, payroll taxes, pushing the age back, etc. It's still a problem, but nothing insurmountable as seems when just looking at it like they have to come up with almost 17 trillion next week.
That’s peanut or emaciated according to Pelosi, $300 billion, I mean.
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Old 09-10-2020, 01:12 PM
 
98,402 posts, read 97,564,045 times
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Quote:
Originally Posted by NewbieHere View Post
We’re not the biggest group anymore, it’s the millennium.
We still got a lot of voting power
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Old 09-10-2020, 01:32 PM
 
10,540 posts, read 4,687,618 times
Reputation: 18720
Paying people not to work is a bad idea.
Paying people to work is a much better idea.
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Old 09-10-2020, 02:24 PM
 
Location: plano
7,880 posts, read 10,536,062 times
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Quote:
Originally Posted by NewbieHere View Post
That’s peanut or emaciated according to Pelosi, $300 billion, I mean.
Porkie Pelosi I call her. She gave Kennedy Center $25M in the first rescue package she porked up. And fter they got the money Kennedy Center furloughed the musicians. So who got the bail out Nancy and her rich friends who run the Kennedy Center?
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Old 09-10-2020, 04:54 PM
 
2,263 posts, read 824,882 times
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Quote:
Originally Posted by mathjak107 View Post
all they need to do is raise the cap and increase fica taxes 1.8-2.20% have the employer kick in 1.25% and the employee 1.25% and it is funded
So all it would take to fix the $16.8 trillion shortfall in Social Security would be to raise FICA taxes on Millennials, Gen X-er’s, Gen Z-er’s and their employers?

I like it!
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Old 09-10-2020, 05:01 PM
 
98,402 posts, read 97,564,045 times
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Quote:
Originally Posted by mathlete View Post
So all it would take to fix the $16.8 trillion shortfall in Social Security would be to raise FICA taxes on Millennials, Gen X-er’s, Gen Z-er’s and their employers?

I like it!
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Old 09-10-2020, 05:36 PM
 
12,933 posts, read 17,845,821 times
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Quote:
Originally Posted by RationalExpectations View Post
Paying people not to work is a bad idea.
Paying people to work is a much better idea.
Social Security does a bit of both. You can quit your job at 62 and get lifetime benefits, BUT if you keep working, not collecting, your benefit goes up for the next eight years.
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Old 09-10-2020, 05:41 PM
 
98,402 posts, read 97,564,045 times
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Quote:
Originally Posted by pvande55 View Post
Social Security does a bit of both. You can quit your job at 62 and get lifetime benefits, BUT if you keep working, not collecting, your benefit goes up for the next eight years.
Actually it is based on the 35 highest years .....if you retire at 62 The benefit you already earned is reduced from your fra amount which is the amount for the 35 years you already worked.

In effect it is cut not gained so to speak if you file early
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Old 09-10-2020, 06:03 PM
 
2,263 posts, read 824,882 times
Reputation: 3046
Quote:
Originally Posted by mathlete
So all it would take to fix the $16.8 trillion shortfall in Social Security would be to raise FICA taxes on Millennials, Gen X-er’s, Gen Z-er’s and their employers?

I like it!
Quote:
Originally Posted by mathjak107 View Post
I just hope they’re good for it.
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