#gop wants to raise social security retirement age to 70.
The Social Security trustees have said year after year that the program is unsustainable, and that changes have to be made.
So what is your solution?
Once the money runs out, the program ends.
Again, this is coming from the trustees running the program.
Money WILL run out because even though it's always coming in, it's also always going out, and with it always going out faster than it's always coming in, the math doesn't work.
It's like, a person can go broke even though they're working. Sure, there's money coming in, but if the debts are higher than the income, they still run out of money.
SS bases payouts on what's been paid in, so if you raise the max for paying in that also increases the expenses, which is why that cap exists in the first place, to keep the rich from collecting more from the program.
Daily Beast is a horribly biased outlet. You shouldn't trust it for information.
@volkris @hulavikih
You asked for alternatives and Hulaviking gave you some. Why don't you pursue that constructive thread instead of nonsense like whether SS can bankrupt?
This the the 3rd bad faith thread now that I'm looking at your timeline Volkris.
Yelling "bad faith!" doesn't somehow get you out of the math that these programs are set to spend more than they take in.
If you don't acknowledge that Social Security is on a course to become insolvent under current law then it's hard to even talk about solutions to that problem.
@volkris
Hulaviking started out saying GOP want to raise the SS retirement age. They provided details of alternatives when you asked.
The whole "bankruptcy" thread is your effort to take this off track. It's a pattern I see in your non-Picard toots. I don't think its an accident.
They did not provide any GOP approved platform plank saying they wanted to raise retirement age.
In fact at this point most Republicans seem to explicitly deny wanting to make such a change.
I would say that would be a really good change to make because it would be a step toward fixing the problems with the system, or at least kicking the can down the road a bit, but the GOP doesn't seem to have the guts to actually push for fixing Social Security at this point. Everybody seems to be on the same page that we're all going to ignore the trustees' warnings that the system is heading for collapse.
The math doesn't add up for a sustainable retirement system that was promised to the population. But anybody who proposes to fix it is harangued into silence, so I guess we'll just head off that cliff because that's the politically popular thing to do.
@volkris when you learn about decimal places, your brain will explode.
Next up you'll learn about algebra.
@volkris first, the money won't completely run out because money is always coming in.
There are lots of ways to get more money into the program, such as raising the maximum for paying (have rich pay more). Also, get more workers paying social security taxes (immigration).
https://www.thedailybeast.com/gops-deficit-plan-spoil-the-rich-starve-the-kids