2020 US Presidential Election

It would be better to take that money and invest it yourself rather than relying on the government to be your retirement plan. Get the money now, invest. "As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.1 At the point where the reserves are used up, continuing taxes are expected to be enough to pay 76 percent of scheduled benefits. Thus, the Congress will need to make changes to the scheduled benefits and revenue sources for the program in the future. The Social Security Board of Trustees project that changes equivalent to an immediate reduction in benefits of about 13 percent, or an immediate increase in the combined payroll tax rate from 12.4 percent to 14.4 percent, or some combination of these changes, would be sufficient to allow full payment of the scheduled benefits for the next 75 years." At this rate our gens not getting the full benefit anyway. So I agree. It is a bandaid to a larger problem. But we're about to need a maxipad for the mess its going to create. At least your mom was able to save, because I never have been able to. Chances are, you won't either.

That's from the SSA.GOV site. Even social security admin is saying "We're fucked." https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html

but why when your own employer adds money to it for you as well? its not just your own money going into it cant you pull from your social security at any time? or am I thinking 4o1k? the quote just says theyr fixing it to last for the next 75 years, where they'll just have to fix it again the fund will dry up completely and forever if trump cuts the payroll tax can i hear your alternative then? a new system to help people be able to have enough money to retire on?

@momoichi the fact biden has been a politician for years and literally done nothing to better the country. Then ontop of that all these plans and promises he has that arent exactly going to fix the economy. Alot of people criticize trump but like our country was doing fine until covid. And our economy collapsing isnt even his fault yeah sure he didnt act fast enough but people now just do what they want so is it all really his fault? My only concern is this russia thing and a move he made recently that is a really dumb one and gives russia an advantage

okie did some more research and the issue isn't that scary its just that less people are paying into it, meaning we can try and supplement it with another form of tax "Possible Solutions Fortunately, that’s a worst-case scenario. Social Security is nowhere near bankruptcy, and it has nearly two decades to act before funds are completely depleted. Increased taxes (including raising the income level after which no more taxes are due), benefit cuts, and upping the age at which people can start collecting benefits (66 in 2020 but rising to 67 by 2026) are all changes that, alone or in concert, could be implemented to make up any future shortfalls." there no reason to cut the entire arm off because you cut your finger. dont abolish social security, look for why so many people cant retire without it, aka our for profit systems that's the logical route, dont fuck over 65 million people and just cut it off https://www.investopedia.com/ask/answers/071514/why-social-security-running-out-money.asp

@panpan can you give me the legistature that trump implemented that has improved the economy? its his fault because he didn't properly address the virus, what are you even saying? this is his fault he is our leader he did not lead properly this is fucking America, i expect better

fyi im alluding to the fact that this is obama era legislation that has the economy so well, and he's skating on that

Ok but if he didnt make masks and social distancing mandatory why didnt the citizens take it upon themselves to do so? If someone jumps off a cliff are you gonna do it too? Or take the time to say wait this isnt good? Like he knows if the country stayed the way it was were gonna be worse than we are. Didnt he put an end to most obama changes? How can obama take credit for the stuff now if thats the case?

The Obama administration confronted the worst economic crisis since the Great Depression when it initially took office. It passed a massive stimulus package in February 2009 to jumpstart the economy - and it was successful. The Congressional Budget Office said in a report that GDP growth was higher from 2009-2012 in part due to the legislation. Trump has benefited from Obama's economic stewardship, as GDP growth under his watch has consistently been between 2% to 3%. In 2018, it was 2.9%. Economic forecasters, however, project the nation's steady GDP growth to decelerate in 2019, dragged down by trade tensions and slowing industries overseas. it is a provable fact the economy works better under democrats, and as Biden was obamas vice president that means they alline with their policy choices, aka i trust biden

They aren't going to just cut it off for everyone. The talks over the last couple of decades have been discussions of alternatives or implementing improvements. It would be a gradual shift like ex, stopping tax on 20 year olds. In 45 years, those 20 year olds and their employers have paid into 401Ks rather than social security. Now as a means to insure this new implementation would work, the gov can backed up those investments with insurance, same as social security. But you have had the option to choose where to invest.