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There is nothing to get back, because unfortunately that money is gone and redistributed elsewhere once robbed from your paycheck. Pretty good scam if you can get it.
By Federal Law, surpluses must be invested in special issue treasuries that become one of the sources of funding water Congress deems appropriate.
Last time payroll taxes were increased was nearly 30 years ago.
10,000 people a day turn 65 and this will persist for decades.
SS and Medicare benefits are not guaranteed. Congress has the authority to increase, decrease and eliminate payroll taxes and benefits.
Bush Admin created a plan to sort of privatize a portion of Social Security by allowing people to divert a portion of their payroll taxes into Congress chosen funds. Public reaction was lukewarm and it dies.
Paul Ryan devised a plan to give seniors vouchers to buy healthcare insurance instead of Medicare paying claims. It was a factor of the Romney loss in 2012. Guess no one told him private insurers had no interest in being the primary insurer of elderly healthcare risks. It died.
Instead of gradually increasing eligibility age and/ or payroll taxes, it’s likely Congress ( regardless of majority party) will do nothing, continue to kick the can and thus, manufacture a crisis. The longer Congress continues to kick the can, the more substantial the impact will be.
You like tossing up that straw man, but it never comes anywhere near being a valid point. Luckily for you, enough people are ignorant that you'll get a few people to stand behind you and yell "yeah!" when you type such obvious nonsense.
I do so enjoy these little ad hominem asides from our (No_recess, rebeldor, Frank and I) fan club.
After the tax cut was passed earlier this year, Rubio let it slip "now they are going to go after Social Security".
The Speaker of the House and the Senate majority leader have both indicated that they will be willing to make changes to SS. They are both Republicans. These changes can't be good for us.
The largest of the Republican backers, the Koch brothers would like to see SS and Medicare scraped.
Many of you Republicans are resigned to accept a dismal fate for Social Security, because your chief media source has been telling you that SS will be broke in years to come. You are young now, and can't imagine a day that you won't be able to get up early in the morning and go to work. But it will happen. Think about that. You are going to need Social Security.
Your news sources want to tell you about mom, apple pie, the flag, and Christianity, but why does so much of what you hear on your news sources have to do with money? Next week you will have a chance to vote. It's time to do to those lying Republican politicians what industrialists have been doing to us since we were fifty, retire them.
pure fear mongering ahead of mid terms......sky is falling....LOL
2. Raise the earliest retirement age from 62 to 66 and the earliest full benefits retirement age from 67 to 70
3. Institute a means test for wealthy recipients
And the not-easy part:
4. Find enough politicians willing to sacrifice their political careers to save SS
Means testing anything is the best way to eliminate something. It creates divisions and polarization.
The main reason SS is underfunded is because an ever increasing share of national income is no longer subject to SS tax because the share of national income going to the top 1% is skyrocketing.
You were saddened that to many people can vote. Very curious thing for a libertarian to say.
Libertarians are really neo-feudalists. They love private property rights far more than democracy, just like the feudal kings and lords of the medieval ages. Democracy is a threat to any system of power.
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