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Old 11-14-2016, 02:29 PM
 
Location: in the miseries
3,302 posts, read 3,577,670 times
Reputation: 3810

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Can you live on half or no social security?
For us maybe
We'd have to move, cut out most recreation.

I suppose the worse scenario is Medicare gone.

 
Old 11-14-2016, 02:33 PM
 
Location: Charleston, SC
1,362 posts, read 765,336 times
Reputation: 2428
OK -- step away from the keyboard.

Do you really believe that SS is going to be cut in half ??
 
Old 11-14-2016, 02:34 PM
 
Location: in the miseries
3,302 posts, read 3,577,670 times
Reputation: 3810
You never know do You?
At least reduced.
 
Old 11-14-2016, 02:35 PM
 
Location: VT; previously MD & NJ
2,186 posts, read 1,340,059 times
Reputation: 6292
We already have a thread going on this topic:

Trump's win and your social security
 
Old 11-14-2016, 02:42 PM
 
13,874 posts, read 7,386,288 times
Reputation: 25356
Social Security in the long term is only 70% funded. It would never be cut to 50%. Retirees would guiotinne all of Congress if that got voted in. The rich don't want to pay the employer side of a payroll tax hike and they don't want the $118,500 earned income cap lifted or taxes on unearned income like was done for Medicare. That will delay enacting the recommendations of the bipartisan commission for a number of years. Right now, this is all political posturing. Medicare is the program more likely to see big reforms.
 
Old 11-14-2016, 02:47 PM
 
Location: Los Angeles area
14,018 posts, read 17,726,438 times
Reputation: 32304
OP, better to spend your energy worrying about something that has a likelihood of happening. We could all posit some catastrophic "what if" scenario.
 
Old 11-14-2016, 03:12 PM
 
6,223 posts, read 4,721,373 times
Reputation: 12746
Any substantial cuts in SS are likely to be the last time those politicians are elected to office.
 
Old 11-14-2016, 03:17 PM
 
Location: in the miseries
3,302 posts, read 3,577,670 times
Reputation: 3810
Quote:
Originally Posted by jrkliny View Post
Any substantial cuts in SS are likely to be the last time those politicians are elected to office.
You are right, but a number of politicians want to cut Ss
 
Old 11-14-2016, 03:26 PM
 
Location: Florida
5,232 posts, read 3,007,646 times
Reputation: 9584
Quote:
Originally Posted by luvmyhoss View Post
Can you live on half or no social security?
For us maybe
We'd have to move, cut out most recreation.

I suppose the worse scenario is Medicare gone.

Buy your Alpo in smaller cans.
 
Old 11-14-2016, 03:27 PM
 
13,874 posts, read 7,386,288 times
Reputation: 25356
Quote:
Originally Posted by luvmyhoss View Post
You are right, but a number of politicians want to cut Ss
Name one.

Some Republicans want to privatize Social Security but that wouldn't apply to anyone close to collecting. I doubt anyone over the age of 45 would be impacted.
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