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The Overdue Collapse Of Social Security 

The Diary Of Money
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29 окт 2024

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Комментарии : 54   
@amonamaria2000
@amonamaria2000 5 месяцев назад
My husband and I have been working for over 50 years paying into this system. They better have my money. And if they don't have our money, we want all the money they earned being politicians stealing our money from us.
@DiaryOfMoney-dk1kk
@DiaryOfMoney-dk1kk 5 месяцев назад
You hard work deserves to be rewarded .. Every Single Penny!
@Mark-qv4bn
@Mark-qv4bn 5 месяцев назад
I'm on year 51 of working. I'm still working at 66, almost full-time. I'm not worried.
@stevemiller1517
@stevemiller1517 5 месяцев назад
That explanation makes it a pyramid sceme.​@meateater4life551
@rnettles6241
@rnettles6241 5 месяцев назад
"You'll get nothing and like it."
@mottbone
@mottbone 5 месяцев назад
@@rnettles6241Says Judge Elihu Smails
@moosta141
@moosta141 5 месяцев назад
Let's us all not forget that both parties have been using and spending out of the social security slush funds for decades. And not putting back a single dollar! So, the next time they want to send aid to overseas 66 billion here 100 billion there. Billions for Ukraine forget it!!! Put that money back into our social security. PAY US BACK first.
@boristheamerican2938
@boristheamerican2938 5 месяцев назад
This is a right wing lie. As of right now social security is running a deficit. The amount going out is exceeding what is coming in so where is the money coming from to make up the shortfall? So there I proved they are putting some back. . Its just a right wing scare tactic to turn the young against the old. They will demand to stop paying into it and once they get their way its no more checks. And lets not forget who we can thank people like you for making that possible. Also nothing is wrong with social security, the boomers are moving thru the system is all. The peak is about 70 right now and lots of them are dying off every day. So theres no need to do any fixing with it. So stop trying to scare people to benefit yourself financially.
@DiaryOfMoney-dk1kk
@DiaryOfMoney-dk1kk 5 месяцев назад
Next video is on this topic ... such a great point!
@thunderboltflash
@thunderboltflash 5 месяцев назад
IF SS funds were put in the equity markets earning the 11% avg return?
@_Coffee4Closers
@_Coffee4Closers 5 месяцев назад
They are in US treasuries and bonds... You would NEVER put those funds in the stock markets.
@thunderboltflash
@thunderboltflash 5 месяцев назад
@@_Coffee4Closers You would put them in Government Bonds? Inflation 20% since Biden took over the Government and is now going up and up and up Best of luck with your government bonds!
@boristheamerican2938
@boristheamerican2938 5 месяцев назад
Wait a sec, did you live thru the 08 financial crisis and you still trust the wall street banks?
@thunderboltflash
@thunderboltflash 5 месяцев назад
@@_Coffee4Closers A buyout becomes our Freedom of Choice! Wanna put them in government investments and lose 20% this year or spread out investments into growth that is our choice Stock Market avg is 11% growth up and down but we also have option of other world markets
@RalphMalone-mw1qo
@RalphMalone-mw1qo 5 месяцев назад
Welfare never goes broke and my Social Security better not either cuz I'll be like a lot of people hunting for my money and it's not going to be pretty
@boristheamerican2938
@boristheamerican2938 5 месяцев назад
If Trump does it you will cheer, then when your check doesnt show up blame democrats like a good boy! LOL
@RalphMalone-mw1qo
@RalphMalone-mw1qo 5 месяцев назад
@@boristheamerican2938 right away your Trump derangement syndrome is kicking in like I said welfare never runs out and my social security that my employer and I paid in better not run out either now go smoke your pipe because it's not making you any smarter
@topkek8045
@topkek8045 5 месяцев назад
Even if SS is till around in 30 years the inflation by then will destroy the value of the payments.
@_Coffee4Closers
@_Coffee4Closers 5 месяцев назад
LOL, COLA's are based in CPI and BEAT inflation year over year. CPI is made up of over 40% housing costs that generally do not apply to retired people as their home has been paid off for years. Stop believing the "fear porn" videos.
@DiaryOfMoney-dk1kk
@DiaryOfMoney-dk1kk 5 месяцев назад
Underrated Point !!
@_Coffee4Closers
@_Coffee4Closers 5 месяцев назад
@@DiaryOfMoney-dk1kk How is that any point at all considering that COLA is based on CPI which over 40% of is housing costs? Most retires have a paid off mortgage and don't have most of the expenses calculated in CPI. For someone running a "money" channel you don't seem to have a grasp of even the most basic principals of the Social Security system.
@topkek8045
@topkek8045 5 месяцев назад
@@_Coffee4Closers CPI doesn’t include everything. Food, housing/rent, and energy are a big chunk of spending not captured. If they go up higher than CPI the adjustment won’t help.
@DiaryOfMoney-dk1kk
@DiaryOfMoney-dk1kk 5 месяцев назад
@@_Coffee4Closers The power of the dollar is shrinking am i saying people cant survive off that no but its becoming increasingly hard, that's all.
@_Coffee4Closers
@_Coffee4Closers 5 месяцев назад
First Social Security is NOT supposed to be all the money you have to retire on. It is a safety net to make sure that people with no savings don't starve to death. I have been hearing SS is going bankrupt since I was 16 and got my first check back in 1976.... still here. Then in 1982 SS only had 4 MONTHS until it ran out of money... still here. I have been hearing only 10 more years now for 50 years... still here. Second, The "myth" of people living longer is just that... it's a myth. You are looking at the "average" life expectancy, and that is NOT the correct metric to use. That is the expected life for a new born baby, NOT a person that has reached the age of retirement. The only life expectancy that matters is the "years left" for a person that has already survived to the age of collecting Social Security, and I have news for you that number has not moved more than a couple of years over the past 100 years. The bottom line is that SS is the "third rail" of politics for a reason, I can assure you until there is no more military, no more schools, no more roads, SS will still be here. It will be the last thing cut, period! Stop believing the "fear porn" videos.
@boristheamerican2938
@boristheamerican2938 5 месяцев назад
Na if republicans eliminate it nothing will happen to them for sure.
@SherrieSchubert-fm4ki
@SherrieSchubert-fm4ki 5 месяцев назад
Lies, GOP would like this to be true!!!
@thunderboltflash
@thunderboltflash 5 месяцев назад
SS is bankrupted! Your Democrats replaced its funds with Government Bonds US Treasury is buying its own bonds now! Guess how this ends!
@joespinella7773
@joespinella7773 5 месяцев назад
Youre right I would. Its a ponzi scam. There was never a Trust. You paid into nothing. It left via FICA and went directly to a beneficiary. Neither the DNC or GOP will touch this matter till it collapses. They will just pound their chest. Give ad hominem's and action phrases and point fingers.
@JohnHendley-fx1gw
@JohnHendley-fx1gw 5 месяцев назад
Truth is it's the liberal socialist that want social security gone
@caffiend.
@caffiend. 5 месяцев назад
Billions for Ukraine security though
@scoobydoobers23
@scoobydoobers23 5 месяцев назад
Absolutely. Or do you think that Congress would fund Social Security with the money we sent to Ukraine?
@thunderboltflash
@thunderboltflash 5 месяцев назад
TIME FOR A BUYOUT OF SOCIAL SECURITY
@scoobydoobers23
@scoobydoobers23 5 месяцев назад
Yeah, we should put the nation's pensions in the hands of the people who engineered the Great Recession .ROFL.
@thunderboltflash
@thunderboltflash 5 месяцев назад
@@scoobydoobers23 The Great Recession that brought us 8 years of Obamism was the result of THE GOVERNMENT! And they are going to do it again!
@terrymohan604
@terrymohan604 5 месяцев назад
Republicans want to dissolve any public safety nets and transfer the funds to speculative stock market. All Congress has to do is raise the cap on Social Security tax and levy a tax on corporations for SSDI to offset the pension payments they saving on and are now paying out to their executives and stock holders. Want Social Security to last , Vote Democrat.
@rnettles6241
@rnettles6241 5 месяцев назад
Vote Democrat. The country will be entirely Communist. And even if you get your Social Security, hyper inflation will have made the payments worthless.
@rustinpeace9303
@rustinpeace9303 5 месяцев назад
Your democrats already screwed 💩up
@JohnHendley-fx1gw
@JohnHendley-fx1gw 5 месяцев назад
It's the liberals that to do away with social security
@Curtis7391-t8q
@Curtis7391-t8q 5 месяцев назад
Vote democrats as they are sending billions to Ukraine and driving up the inflation rate…you have your head so far up Joe Biden sass you can’t even see straight
@scoobydoobers23
@scoobydoobers23 5 месяцев назад
Yeah these idiots thinks the Government is so incompetent we should give it to the people who engineered the Great Recession.
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