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re: What are realistic solutions to fixing our fiscal issues?
Posted on 10/21/25 at 9:01 am to wackatimesthree
Posted on 10/21/25 at 9:01 am to wackatimesthree
It was a government mandated retirement plan that workers paid into. After the Biden "bait and switch" debacle of the eighties, the Employee paid 6.1% of his wages into the so-called S/S Trust Fund and the Employer paid 6.1% of employee wages also.
What I'm arguing is that Congress drafted a plan to guarantee the fund would be able to pay benefits for future retirees. Then the democrats (including Joe Biden) pulled the "Bait and Switch" and "stole Social Security". Had Congress stayed the course and honored the S/S LockBox concept, we wouldn't be having this discussion about probable S/S insolvency.
So let me put it this way - I suspect, hidden in that $ 37 trillion dollar deficit about to destroy the American dollar is my S/S monies.
The U.S.Government stole Social Security from its own citizens.
What I'm arguing is that Congress drafted a plan to guarantee the fund would be able to pay benefits for future retirees. Then the democrats (including Joe Biden) pulled the "Bait and Switch" and "stole Social Security". Had Congress stayed the course and honored the S/S LockBox concept, we wouldn't be having this discussion about probable S/S insolvency.
So let me put it this way - I suspect, hidden in that $ 37 trillion dollar deficit about to destroy the American dollar is my S/S monies.
The U.S.Government stole Social Security from its own citizens.
0
Posted on 10/21/25 at 9:07 am to GeorgePaton
If you’re at all familiar with how SS and enrollment works you know that it’s. highly unlikely that any significant number of unqualified or illegal recipients are re receiving benefits…
Posted on 10/21/25 at 9:17 am to Screaming Viking
quote:
There is no one step to fix it. We are so far gone.
2-methodically shrink the fed gov’t down to the responsibilities as they are laid out in the Constitution.
3-USAID and all NGOs are done away with. If you need a work around, you shouldn’t do it.
4-make it illegal to pay money to any foreign gov’t if the US is in the red.
5-term limits. Coupled with no more special treatment in any way of elected officials. Health insurance, etc. If you are an elected official, there is no retirement pension. You chose to run.
6-should be higher up the list….a flat tax. Tax law should be able to print on an index card.
Just off the top of my head.
None of that has to do with Social Security.
Posted on 10/21/25 at 9:21 am to Bass Tiger
quote:Under no circumstances will 2/3rds of both Houses in Congress vote for a BBA. So it would have to arise via a Constitutional Convention. But that measure would carry broad scope for delegates to make other changes.
Until there is a balanced budget amendment .......well, you can forget about slowing and possibly reversing the debt spiral.
Congress could bridge the gap through self-imposition of a 10yr nominal spending freeze, allowing revenue to catch up. But they're show zero stomach for that either.
Posted on 10/21/25 at 3:55 pm to BigJim
quote:
None of that has to do with Social Security.
well, the topic asked about "fiscal problems". I know his first sentence is about social security.
Having said that....if you want my thoughts on SS specifically, stop the theft/abuse. Then, the fed gov't needs to do away with the General Fund. Every dollar should be designated to a specific place. Just like people do with their personal financial budget.
Posted on 10/21/25 at 5:30 pm to Powerman
To have Donnie stop sprending so much on himself and his personal vendettas.
Posted on 10/21/25 at 5:40 pm to Powerman
Start charging countries for being the world police. Pay to play. Mine astroids.
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