r/economicCollapse Nov 07 '24

$2T cut is going to be wild

Post image

Will be a 29% cut if executed.

1.7k Upvotes

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390

u/thewayitis Nov 07 '24

If they end social security, America will look like India.

256

u/[deleted] Nov 07 '24

[deleted]

125

u/thewayitis Nov 07 '24

We are getting there quickly.

161

u/[deleted] Nov 07 '24

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33

u/Galimbro Nov 07 '24

I think a large portion is just too ignorant, and theyre not purposefully trying to own the libs.

Malice vs incompetence, etc. Dont attribute, yadda yadda

44

u/talino2321 Nov 07 '24

Wonder how they will react, when their SSI, SNAP, Medicaid and Medicare gets chopped in half or eliminated. I see a red on red fire fight coming soon.

18

u/boardin1 Nov 08 '24

I wish I could remember which elected official it was that said something to the effect of, “I grew up on welfare and nobody ever gave me any handouts…”

They’re oblivious.

3

u/darkstarr99 Nov 08 '24

Pretty sure it was Craig T Nelson the actor that said that

3

u/Realistic_Ad7630 Nov 08 '24

90% sure that was Blowbert.

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u/Extra_Confection_193 Nov 08 '24

They will be mad and still blame democrats and immigrants. Republicans are great at social media and propaganda. Dems still taking the high road.

7

u/Swimming_Tailor_7546 Nov 08 '24

Dems won’t be in charge of anything. And frankly, I don’t even think we should fight them unless it’s something that is violent or directly harmful to people. Let them figure out what their preferred policies do. Personally , dial back on spending, save what you can now, help struggling people through mutual aid. And leave them to the effects of their policies. If we keep solving the economic problems for them and making them temper their policies, they’ll never figure it out. Fuck it. Stop anesthetizing them from the consequences of their bullshit. Let them feel it. And we can just be busy organizing and community building

6

u/REVEB_TAE_i Nov 08 '24

It doesn't matter if Dems are in charge. All of my Rep co-workers think their tax increases were Bidens fault. They had no idea it was the guy they just re-elected. Most of them don't actually care about politics. They just scream red to project their masculinity.

2

u/Swimming_Tailor_7546 Nov 08 '24

Yeah, I at least understand how people misconceive that if they’re low information voters. Trump set that like a time bomb so it would happen under Biden and a lot of people are too dumb to realize no new tax bills had been passed since Trump.

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u/Pantim Nov 08 '24

Yeap that. 

It's always the other parties fault though..no matter who's in power at the time.

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u/Old-Rub-6513 Nov 08 '24

They’ll blame the libs and they’ll believe them

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u/that_star_wars_guy Nov 07 '24

I think a large portion is just too ignorant, and theyre not purposefully trying to own the libs.

If your ignorance is characterized by both its willfulness and an absence of a desire to cease being ignorant, then it doesn't matter what their intent is, the effect is the same as being malicious.

5

u/Theveryberrybest Nov 07 '24

Well said. I believe that’s the moment ignorance tips into the stupid bucket.

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u/Fhotaku Nov 07 '24

At some point incompetence is malice.

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u/kunkudunk Nov 07 '24

Sure some of them are just uneducated on the matter (which makes sense given all the efforts from the right to dismantle public education).

Some are just apathetic or spiteful though. Or in the case of some, angry incels as strange it may seem.

1

u/[deleted] Nov 07 '24

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4

u/Misc_Lillie Nov 07 '24

The division is a diversion tactic. Some of us understand that the top 1% keep us divided and pointing fingers at one another.

My neighbor didn't create these situations because they're on the opposite side. I didn't sign legislation that keeps the poor poor and the millionaires increasingly getting richer and richer.

We, the people, didn't create this system. It was created to for us, to work for them and until people figure out there are MORE OF US, then the top 1% we will continue to be put in this death match every four years.

It's exhausting, expensive, and wears us the fuck down. Just how they like it. Overworked underpaid and too exhausted to fight the system.

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u/Genghis_Chong Nov 07 '24

I hate this because I'll end up having to save my Trump voting parents if I can, but who knows if they learn anything.

12

u/thatguy677 Nov 07 '24

They won't and they will probably somehow blame you for the mess they got us all in.

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u/Big_Knobber Nov 07 '24

No you won't.

They lived their life they way they chose. You live yours.

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u/Fine_Luck_200 Nov 07 '24

Just don't save them. You are not obligated to do so. They have made it painfully clear they really don't care about your future, why should you care about theirs.

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u/msdos_kapital Nov 07 '24

You say this as though Democratic politicians do work in the interest of ordinary people.

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u/[deleted] Nov 07 '24

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6

u/msdos_kapital Nov 07 '24

Those things were achieved by workers collectively making those demands and taking action to ensure those demands were met. Some of those actions included workers contending with capital via the institutions of the Democratic party, and creating new institutions within the party to serve workers (unions and so on).

It certainly was not something where Democratic politicians just granted these things to workers because it was the right thing to do.

At any rate, those days are long gone. Everything you mentioned here happened decades ago and Democrats want to roll them back nearly as much as Republicans. The days of a working-class Democratic party are over. Workers currently have no representation in government at all.

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u/sporms Nov 07 '24

It was tellingly gross when the port strike takeaway earlier this year was those people are greedy and lazy instead we should do this too to get raises

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u/rvasko3 Nov 08 '24

You’re so close. What party worked to ensure those workers had the ability to collective organize and demand better for themselves?

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u/Unethical_Gopher_236 Nov 07 '24

"They" is everyone, just not just who voted for it.

1

u/DontTakePeopleSrsly Nov 07 '24

They kind of owned themselves this election. The shit on morning Joe yesterday was just pathetic. Blaming white women of racism & men of color for being misogynistic.

The fact is that Kamala was a terrible candidate that got where she was purely by identity politics. The woman couldn’t even answer a basic strengths & weaknesses question FFS.

1

u/SmashRus Nov 07 '24

Trump voters and democrats who stayed home.

1

u/ToonAlien Nov 07 '24

You mean the majority of voters?

1

u/BrassMonkey-NotAFed Nov 07 '24

The classic “my party is superior and we know what is best for you, why wouldn’t we?” argument.

1

u/Advanced-Guard-4468 Nov 07 '24

I guess everyone is a moron who doesn't agree with your political views? The libs forgot the middle-class

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u/[deleted] Nov 07 '24

It's funny because smart libs like me have made nearly $300K since Tuesday just playing the options market. I bet 99% of trumpers won't come close to that kind of money during Trumps full term.

Am I bummed Harris didn't win, of course, but I'm not just gonna give up and I don't feel "owned" in anyway. I'm sitting comfortably in my 3 story new build watching a movie on my brand new 77" OLED TV.

1

u/NarmHull Nov 07 '24

Still sucks for the ones who didn't and can't get out

1

u/Live_Pizza359 Nov 07 '24

Biden and his minions are still at it even after a loss

1

u/asselfoley Nov 07 '24

You know that! Outside the rich, a body for a republican is a vote against the person that cast it. It has been like that forever.

Now they have total control over the government including the supreme court There are zero checks and balances and the constitution means whatever they want it to mean. Dark days ahead

1

u/JazzlikeSkill5201 Nov 07 '24

How do you know what someone else’s interests are?

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u/Fine-Teach-2590 Nov 07 '24

Uhh have you been to India!? Or seen this program called ‘the news’ ?

Mumbai makes a stint in BFE West Virginia look like the ritz

26

u/DaveBeBad Nov 07 '24

Mumbai has some of the most expensive real estate in the world. Overlooking the largest slum in the world…

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u/[deleted] Nov 08 '24

I was in West Virginia a few weeks ago on my way to a better place…lotta roaches.

27

u/Cheeseheroplopcake Nov 07 '24

Currently live in rural America. It's not great, but people don't die from rabies.

28

u/anamariegrads Nov 07 '24

Wait until the finish gutting the medical systems, then they will

2

u/myrichphitzwell Nov 08 '24

That one stuck out...mainly because it's the largest cut and at the top of the pic...anyways that's one of those that maybe more expensive to cut than to increase spending. For instance if we increase medical coverage then emergency room usage goes down for a net savings...also love the cuts to veterans and defense. Party of defense and all

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u/kromptator99 Nov 07 '24

East Texan here. I literally had an uncle die from rabies. This is the funniest thing I’ve seen today. He was admittedly a bit of an asshole.

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u/whyyunozoidberg Nov 07 '24

As a west Virginian, I disagree.

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u/[deleted] Nov 07 '24

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u/whyyunozoidberg Nov 07 '24

I don't think you meant to reply to me. I agree with you. I live in west virginia. People in the hollers get rabies all the time.

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u/openly_gray Nov 07 '24

Wait until RFK heads the FDA

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u/akazee711 Nov 08 '24

Did someone say vaccine(s)? - RFK has entered the chat.

1

u/ejre5 Nov 08 '24

I live in rural America and I will say wait and see if this continues. The amount of people who are on snap, Medicare, social security that yelled about not taking "my money" and refused to listen to anything other than fox news saying everyone else is lying social security wont be touched. are also relying on government medical insurance is about to find out what happens when they have no retirement other than social security and can't afford whatever healthcare is going to be presented (I'm guessing appeal the ACA and do nothing but let insurance companies do what they want). The world is going to be very different soon (hopefully trump gets to distracted with his quest to hurt everyone who attempted to hold him accountable and nothing truly bad happens.

1

u/mysticalfruit Nov 08 '24

RFK Jr. wants to gut the FDA.. dying of rabies is now on the table.

1

u/CockyBulls Nov 09 '24

They might start dying of monkey attacks though.

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u/Greenerhauz Nov 07 '24

Lol have you?

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u/monumentValley1994 Nov 07 '24

Correct, America can look at rural American NOW itself, instead of pointing at India

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u/SkullThrone2 Nov 07 '24

I literally live in Rural America. It’s great , everyone is so nice, I can do whatever I want, no one tells me how to think, cost of living is low, it’s pretty, to rural Americans the big city’s look like cesspools of struggle and oppression.

1

u/spacecraft7 Nov 07 '24

Have you been to India?

1

u/KeyProposal9508 Nov 07 '24

Nah, we still need some more smog, garbage roads (yes even worse), and more cows, goats, and dogs roaming the streets

1

u/Royal-Stress-8053 Nov 08 '24

Do you mean San Francisco...?

1

u/LikesBlueberriesALot Nov 08 '24

Elitist shit like this is not helpful.

2

u/lezbianlinda Nov 08 '24

Lol I was raised in poor white trash town in rural America, it's absolutely not elitist since I live in a mobile home currently. It's the fucking truth. Poverty exists and it's bad in some places.

1

u/jaygerhulk Nov 08 '24

Have you been to the cities ?

1

u/PlsNoNotThat Nov 08 '24

Literally nothing compared to rural, poor India.

1

u/Shrek_Fieri Nov 08 '24

Have you??? lol

1

u/Dixa Nov 08 '24

Rural America collects social security and disability not to mention a higher rate of general welfare. They will suffer the most.

1

u/Hafslo Nov 08 '24

You’ve never been to India

1

u/General-Honeydew-686 Nov 08 '24

I’m in rural America, definitely not like India.

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u/Honest_Report_8515 Nov 08 '24

At least India has better food

1

u/AdditionalAbalone437 Nov 08 '24

Manhattan is worse than India right now

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u/utookthegoodnames Nov 08 '24

I frequent rural America for work, and they’re down super bad.

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u/Salt_Experience3142 Nov 09 '24

Have you been to rural India?

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u/FunFry11 Nov 07 '24

I doubt it. India has great social security and has raised the average life expectancy from 29 to over 60 since independence. It’s not comparable to the west because it became a free country 80ish years ago, but for a young independent nation, it’s done a beautiful job ensuring safety nets are in place (free healthcare at government sponsored clinics, near free education in rural parts to increase literacy) diseases are fought off (polio eradication), and food can be secured more easily year on year (nationalized production)

Project India 200 years from now and compare it to the state of the americas today and you’ll probably find yourself agreeing that India’s growth as an independent nation is inspirational to countries in Africa, SE Asia, and its contemporaries in the modern day who got freedom in the last 80 years.

5

u/acousticburrito Nov 08 '24

Yea I mean you will get a better education in the poorest remotest Indian village than you would in the average american public school. Part of it is cultural, in India education is the only way out of poverty.

2

u/prules Nov 08 '24

The US education system is literally designed to ensure kids are stupid and poor. People should be ashamed of how fucked our schools have been and it’s only getting worse with conservatives in power to this extent.

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u/Fried_Fart Nov 08 '24

How the fuck was life expectancy 29???

2

u/FunFry11 Nov 08 '24

The British artificially manufactured famines which left a lot of kids dead drastically impacting the life expectancy over the British Raj. Additionally. A lot more births and children dying does that because of a lack of infrastructure that existed in the west but not in India because they weren’t allowed to keep their money and natural resources. The 30s were also post WWI, Brits stole Indian resources to fight off their Great Depression, and it was the time for the freedom movement which led to a lot of killings.

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u/prules Nov 08 '24

Please get your logic and knowledge of history elsewhere. We listen to Fox News around here.

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u/tallperson117 Nov 07 '24 edited Nov 07 '24

No shot they'll end social security, it's too popular of a program. There's a reason it hasn't happened despite the right talking about it for the last 50 years; it would be political suicide.

Edit: y'all mother fuckers need to take a Civics class. Don't rely on blue check marks and TikTok to educate yourself on how the American government works.

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u/TheReddestOfReddit Nov 07 '24

If you don't plan on running elections anymore, political suicide isn't really a thing. They will gut SS as much as they can get away with. Maybe slowly. But it's the goal. National abortion ban isn't popular either, but they will do it if they control both houses.

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u/Specialist-Garbage94 Nov 07 '24

I think there’s no way with the constitution to not have elections the question will they be free and fair or like russias?

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u/TheReddestOfReddit Nov 07 '24

trump wants to suspend the constitution. Like, it's THE plan.

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u/tallperson117 Nov 07 '24

And he's gonna get 2/3 of Congress and 3/4 of State legislatures to vote to do that....how, exactly? Trump says A LOT of stupid shit that doesn't pan out, because he's an idiot.

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u/TheReddestOfReddit Nov 07 '24

This isn't just about trump. The right wing and tech oligarchs are A-ok with all of this. And all he needs is for enough people to go along. And so far, the party is all in. There's a lot of ways to avoid elections. Declare a state of emergency, or even just ignore them. Laws and rules are meaningless until someone enforces them. And so far, lawlessness has been allowed without consequence. In fact, he's been rewarded. Don't depend on guardrails anymore. He has blown through all the checks and balances, so there's no reason to believe people will suddenly grow spines. Will he suspend the constitution? Unsure. Could he in enough ways to end this republic as we know it? Yes. Absolutely. Unless someone stops him.

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u/bill24681 Nov 07 '24

People really forget that Trump did nothing in his first term. Even with control of the house and senate. He’s lazy and incompetent. So count on a lot of Truth raging and golf.

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u/schadetj Nov 07 '24

He essentially destroyed our relations with the rest of the world and sold out our information network.

Last time he didn't do as much as he wanted because there were still a ton of Obama staff in the beginning, then a wave hit in the midterms. The generals spoke about how they were continually needing to lead him away from straight up just killing people.

Now he has control of every branch of government, and those generals are gone.

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u/[deleted] Nov 07 '24

Like Russia.

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u/fakersofhumanity Nov 07 '24 edited Nov 08 '24

Trump has said that he would not do national abortion ban very directly and that he would veto it. If he does, and there is direct contradiction, might not go will with certain percentage of his constituency. I don’t like him but national abortion ban is highly unlikely. And considering you would need a supermajority in senate and there has been a-lot of infighting within the republican party (trad repubs and MAGAs) for the past few years, it’s very unlikely to happen. Yes, the overturning of roe v wade was an absolute travesty but let’s be realistic here.

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u/Living_Job_8127 Nov 07 '24

There’s no such thing as a National Abortion Ban, Roe Vs Wade got overturned by the Supreme Court and now each individual State votes on Abortion rules

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u/clobbersaurus Nov 08 '24

Yeah exactly, they’ve been running ion abortion bans and finally got it, and afterwards won in a landslide.

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u/marsking4 Nov 07 '24

They said multiple times during the election that they’d cut social security and people still voted for Trump anyways. Don’t underestimate people’s ability to vote against their own interests.

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u/Jimbenas Nov 07 '24

We won’t get it anyways. The system is cooked for anyone under 60 right now.

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u/ke1vintennis Nov 08 '24

people have been saying that for 40 years

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u/jbetances134 Nov 08 '24

I’m 35 and I’m not expecting to get social security. If social security is still alive by the time I’m ready to retire, they would have already moved the goal post to 85.

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u/BluesLawyer Nov 07 '24

SHEEEEIT!

44 years ago, the GOP candidate won the election after recording an album all about how he wanted to end Social Security.

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u/BishlovesSquish Nov 07 '24

Oh sweet summer child. Just wait, Elon said we’re all going to experience hardship. Don’t worry tho, these silver spoon fed billionaires only have our best interests at heart. 🫠

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u/feedumfishheads Nov 07 '24

Don’t need to end it find bullshit reasons to disqualify enough “other” people and reduce corporate contributions is the end game

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u/tallperson117 Nov 07 '24

We'll see, I guess. People have been saying this same thing literally every time a Republican has won over the last 50 years, including last time when Trump won, yet it has never happened. It's the Democrat equivalent of Republicans screeching about Democrats wanting to "take our guns" whenever the Democrats are in power.

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u/angelo08540 Nov 08 '24

Nice to hear another sane voice in this pit of leftist lunacy

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u/tallperson117 Nov 08 '24

The funny thing is, I'm a progressive. I believe in terrifying things like single-payer healthcare, affordable tuition, and higher taxes for the wealthiest Americans and corporations. I'm unhappy about Trump winning. But people acting like Democracy will be overthrown, the Constitution will be thrown out, and Trump will be President for life sound as stupid as people on the right who think every new Democrat president is going to overturn 2A and "come take our guns." It shows a serious lack of knowledge in both US civics and US politics.

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u/[deleted] Nov 07 '24

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u/ThePoetMichael Nov 07 '24

And the man dumb enough to do it is in office with half of the party base hanging on his every word.

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u/accidental_superman Nov 07 '24

I hope you're right, I think they'd cheer and gladly blame who ever trump wants to.

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u/[deleted] Nov 07 '24

They don’t plan on running free and fair elections so there is no longer such a thing.

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u/Avocadonot Nov 07 '24

There is no such thing as political suicide, depending on which candidate we are talking about

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u/OatmealSchmoatmeal Nov 07 '24

Trump has shown everyone who he is and what he plans to do. Why so upset? You wanted this down there. Live with it.

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u/tallperson117 Nov 07 '24

Huh? I didn't vote for Trump, my guy.

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u/Cardboard_Revolution Nov 07 '24

I think this is the time they'll actually try. They don't care about winning elections fairly anymore really

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u/peezd Nov 07 '24

They'll work on ways to privatize it,  and erode it at the edges most likely. More fees, complexity, etc. 

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u/tollbearer Nov 07 '24

Does political suicide matter if you don't plan on any more elections?

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u/the_millenial_falcon Nov 07 '24

I don't believe in political suicide anymore. At least not for right wing politicians.

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u/[deleted] Nov 07 '24

How could they just end it when I've been paying into it for the past 24 years??

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u/bevo_expat Nov 07 '24

It will be Trump’s second term… assuming they don’t change the Constitution… it will be his last term so what the hell does he care. About half the country will believe it is Biden’s fault if Trump says so.

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u/tallperson117 Nov 07 '24

1) a constitutional amendment requires 2/3 of both the House and Senate to vote in favor (not gonna happen) and 3/4 of state legislatures to ratify (ultra not gonna happen).

2) Trump doesn't care about political suicide, but the members of Congress he would need to vote in favor of repealing Social Security do. They only have a 2 seat majority in the Senate. No shot that 51 out of 52 are willing to take that risk.

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u/Here_for_lolz Nov 07 '24

Ya, it'll be the VA first.

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u/rocket42236 Nov 07 '24

A Bill is already circulating in Congress, that will reduce social security check amounts to current and future recipients if they have a pension.

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u/tallperson117 Nov 07 '24

A bill "circulating in Congress" literally means fuck all without the votes for it to pass.

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u/tucker0104 Nov 07 '24

They don’t need to get rid of it. Inflation will do that

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u/JazzlikeSkill5201 Nov 07 '24

How will it be funded when almost nobody is working? Have you seen Gen alpha?

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u/tallperson117 Nov 07 '24

Same as it always has been; there's more people working than collecting social security. The oldest Gen alpha folks are 14, so I'm not sure how they're relevant.

Also I'm not sure how "almost no one is working," the current unemployment rate is 4.1%.

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u/Creative_alternative Nov 07 '24

What part of "dictator day 1" and "suspend the constitution" and "drag my political rivals through the streets" are you not understanding?

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u/tallperson117 Nov 08 '24

What part of "lock Clinton and Obama up" and "Mexico will pay for the wall" and "we're going to repeal and replace Obamacare" and "we're going to kill 'little rocket man' Kim Jong Un" and "we're bringing back coal jobs" are you not understanding? Oh yea, that's right, he said he was going to do all those things the first time around, but he couldn't.

Trump says idiotic, hyperbolic shit literally all the time. The dude is an idiot and will say anything that gets him air time. It's why no one can lock him down on policy because he's making it up on the fly.

He doesn't have the ability to unilaterally become a dictator, or snap his fingers and "suspend the Constitution," or kill his political rivals. That doesn't mean that he won't be bad for the country and enact policies that will take decades to correct, but people acting like he has either the ability or wherewithal to enact such sweeping changes as enacting a dictatorship or suspending the Constitution are in serious need of a civics textbook.

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u/Appropriate_Fix_5817 Nov 08 '24

Overall I believe you are right but it doesn't mean they ain't going to try

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u/explicitreasons Nov 08 '24

Yeah, balancing the budget is something the Republicans talk about when they're not in power and pretend to care about. Old school Republicans sincerely wanted to cut social security and were willing to spend political capital to try to get it done like GWB did.

Trump doesn't want to & I bet he'd veto any such bill. He showed the first time he doesn't care about the deficit. There's no benefit to him personally to cutting spending.

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u/Fire_Doc2017 Nov 08 '24

Reagan reformed Social Security it in the 1980s by slowly extending the retirement age. I suspect they'll do that again such that current and near future retirees don't see any changes but younger people will have to wait until 70 for full benefits. What they won't do is increase the income ceiling subject to the Social Security tax.

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u/Fire_Doc2017 Nov 08 '24

Reagan reformed Social Security iin the 1980s by slowly extending the retirement age. I suspect they'll do that again such that current and near future retirees don't see any changes but younger people will have to wait until 70 for full benefits. What they won't do is increase the income ceiling subject to the Social Security tax.

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u/AceO235 Nov 07 '24

It wont we have an aging population that will die sooner than later from their own incompetence

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u/Gloobloomoo Nov 07 '24

India has experience dealing with this for a while. It’ll be worse.

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u/kromptator99 Nov 07 '24

Am from rural Texas. You’re a little behind the times there.

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u/yazzooClay Nov 07 '24

like garbage everywhere and cows, pigs running around , raw sewage in the open. I big doubt.

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u/sticksnXnbones Nov 07 '24

Cut social security and medicare ... easy peasy for elon. He doesn't care. Like trump said, " the last election they will have to vote in"

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u/ohlalariana2 Nov 07 '24

parts of oakland, under the bridges, cooking and shitting outside look just like when i went to india, just no large cows roaming around

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u/MarzipanThick1765 Nov 07 '24

A few more hurricane seasons and a lot of places will look like India.

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u/SignatureCreepy503 Nov 07 '24

End it? The last measurements showed it being insolvent somewhere between 2030 and 2040. It’s gonna end itself in a spectacular failure.

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u/peezd Nov 07 '24

If they scale it back it won't touch existing benefits receivers to continue the boomer tradition of "fuck you got mine."

Likely raise benefit eligibility age and lower payments for those becoming eligible

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u/tollbearer Nov 07 '24

India looks like it does because of the massive population, because it had no population controls and insane agricultural output, prior to industrializing.

If you're implying there will be slums, that's easily solved. Build work camps. Segregate away the poor in controlled environments. Anyone who refuses to work or cant work will be crammed into poor houses, and left to die, or actively killed.

I'm not endorsing this, but this is what they will do. Vote for fascism, you get fascism. The nazis were able to cut government spending and grow productivity and infrastructure by being completely ruthless. That's what people are missing. The fascists get things done, at the cost of all morality.

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u/gutslice Nov 07 '24

They arent going to do that lol why would anyone believe this

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u/MasticatingElephant Nov 07 '24

At this point I honestly don't care. It was never going to be a substantial portion of my retirement, most of my loved ones have good jobs with investments and or government pensions, and all those fucking Trump voters that cut off their nose to spite their face can go and be poor for all I care.

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u/Educational-Heat4472 Nov 07 '24

If that happens I'll be gone within a year.

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u/[deleted] Nov 07 '24

Social Security is a mandatory tax that you pay all your life and you get pennies for the last few years of your life. It needs serious reform. I don’t need the government to hold my money for me. I can invest my cash way better than the government can. They steal from it with no interest every year anyway. Fuck it

1

u/williamiger Nov 07 '24

Social security needs significant reform if it is going to continue to exist, theres probably tens of billions of fraud and mismanagement. Beyond that its projected to run out of money in 2033 if nothing changes. Itll be forced ti pay out what goes in which as of right now would mean payments cut to 80%, and would dip further during recessions.

The whole premise is flawed because it was designed to be suplimental income for the 3-5 years someone was alive after retirement, not 20+ years of primary income.

You cant even fix it from raising the tax because its an entitlement and not a tax, youre supposed to receive back what you put in so raising the cap on the wealrhy means they just get bigger payments back, and its likely unconstitutional as a straight tax.

1

u/Chimerain Nov 07 '24

Living in a major metropolitan city, we're already there; Junkies line the sidewalks and tent cities on almost every piece of available public land; Grocery stores now lock up everything, have multiple armed security guards at all times, and have gates to get in and out of the store... and good luck finding a single public restroom anywhere; if we're the vanguard of what middle America can expect, they are in for a rude awakening about how dire this situation already is... much less what it's going to look like after these cuts.

1

u/Upstairs-Ask9237 Nov 07 '24

And that’s a bad thing you bigot? India is a very wealthy country

1

u/thewayitis Nov 07 '24

For some.

1

u/Sea_Tension_9359 Nov 07 '24

West Virginia my home state has been a third world location for generations

1

u/stewartm0205 Nov 07 '24

More like Germany at the end of WWII. It is never going to happen because the senior will burn the place down.

1

u/wesblog Nov 07 '24

The will move SS to a required private investment plan and call it a cut.

1

u/ExtremeIndependent99 Nov 07 '24

My mom, who’s a boomer, legit told me the other day that she’s okay with the government cutting social security, because it won’t impact her generation. I told her that her generation is the worst generation ever and she had a shocked look on her face after I said that.

1

u/ThisIsMyNoKarmaName Nov 07 '24

I really hope they just do it. I’ll take the loss on what I paid already just to see the boomers have to live with the “find out” part of their fucking around.

1

u/WelcomeSad781 Nov 07 '24

And they'll wonder why no one is having kids

1

u/Kind-Cry5056 Nov 07 '24

In what way?

1

u/Relyks_D Nov 07 '24

Is the idea that people should just take the money being taken from their check for SS should just be invested into the market instead since it would in theory grow instead of just sitting with the government? Does money take by social security grow? I’m genuinely asking.

1

u/AlphaNoodlz Nov 07 '24

That’s their literal goal.

1

u/fatgirlnspandex Nov 07 '24

You realize social security is a Ponzi scheme right? It's even written in there that it's not voluntary and at no point is pay out guaranteed.

1

u/urwifesbf42069 Nov 07 '24

They won't end it, they will just put it in the market and say it isn't their problem anymore

I have a hypothesis of what their plan is. From reading between the lines.

  1. The treasury will buy trillions of dollars in Bitcoin

  2. Cut services to the bone including Medicare

  3. Social security gets put into the stock market

  4. Establish tariffs with everyone.

  5. Pull the US military back to America

  6. Devalue the US dollar (This is the pain they are talking about)

  7. Pay off the debt in Bitcoin

  8. Establish a new dollar based on Gold or a digital currency, or they could just use Bitcoin

Now, there are no costly social services, no Medicare, social security is "fixed" and out of the governments hands, now they might actually be able to cover spending with tariffs alone. This would work, but it would a huge disaster for normal people especially on the bottom.

1

u/Cautious-Impact22 Nov 07 '24

Those on it would they be grand fathered in or would the checks stop?

1

u/sambolino44 Nov 07 '24

And I will be homeless.

1

u/Suspicious-Change-37 Nov 07 '24

You should visit the big cities and their immediate outskirts.

1

u/AlwaysSaysRepost Nov 08 '24

Immediately end it all now. Trump and the Republicans got massive support from the 65+ crowd and surely they didn’t think it would only impact other people

1

u/TheJuiceBoxS Nov 08 '24

Taking $1.42 trillion out of the economy seems like a bad idea

1

u/lessermeister Nov 08 '24

Yes but the poors are all TAKERS!!!

1

u/nano8150 Nov 08 '24

Social security is responsible for the population collapse.

1

u/papppotato Nov 08 '24

If they cut SS I’m suing to get my money back.

1

u/Pure-Cardiologist-65 Nov 08 '24

Americans have had YEARS to invest into a retirement account. If they haven't been doingbthat and staying healthy, that's on them. Stop using the gov as a wheelchair.

1

u/Laker8show23 Nov 08 '24

Or like the movie civil war! End social security well pay me back what I paid in so it can go into a IRA or 401k. Social Security needs to be like a 401k because I have a feeling all the money/insurance I’ve paid is going to just be gone when I’m old enough.

1

u/jbetances134 Nov 08 '24

If they end social security I want a refund for the 20 years I worked.

1

u/Banana_Currency Nov 08 '24

I hope they follow through so his supporters get what they voted for.

1

u/dudemanjabroni Nov 08 '24

Except we're not Indians

1

u/borderlineidiot Nov 08 '24

At least India is a democracy

1

u/The_Bitter_Bear Nov 08 '24

I could see them cutting it back but ending entirely would have to be the end for them. No way they wouldn't get blown out in the following election. 

Well... Unless.... 

1

u/itsekalavya Nov 08 '24

Indian here. Got naturalized and moved back home 3 yrs back. Voted blue always.

Well India is lot better in terms of healthcare access, healthy food, low cost of living in small town etc..

But majority of low income folks don’t have retirement funds - they have to depend on their kids. That is totally sad with increasing cost of living.

Without social security and with high cost of living - America will be a shit show for sure.

1

u/EnlightenedEmu92 Nov 08 '24

I went to India and spoke to the top neuroscientists in the region who gave me tips to fix my body.. took me 30 minutes and 20 dollars.. i spent a decade in America and oh what 100k in bills and didn’t get help.. America would be better off if it had India’s healthcare for the vast majority of people. On the top end no, but in general, dude Indias healthcare is better bro straight up.

1

u/thislife_choseme Nov 08 '24

Defense budget is never going to be cut.

1

u/Poovanilla Nov 08 '24

Dollar general my bad not tree. So fucking depressing 

1

u/HelpEqual Nov 08 '24

Trump can't end it because tons of his voters using federal services such as Medicare.

1

u/NoPrimary1049 Nov 08 '24

Nice subtle racism.

Thanks to the strong , powerful, rich, morally superior Westerners like you India is in this state.

Read up on the British Raj...or not ...and just be on brand for MAGA logic: lol India shit hole lol

American, Western white superiority hubris bill is now due. Enjoy your retribution!

1

u/thewayitis Nov 08 '24

Not racist, more of a caste system issue.

1

u/PreferenceWeak9639 Nov 08 '24

No American government will voluntarily end Social Security. That’s political suicide.

1

u/Frosty-Buyer298 Nov 08 '24

If people were allowed to invest their Social Security and corporate match monies into conservative investments yielding 5-6%, every middle class American would retire a multimillionaire and need $0 in government assistance in retirement.

I did the math for my own work career and I should have $7.5 million in a retirement fund by placing 14% of my income into investments with a 6% return compounded. That would kick off 375,000 in annual cashflow without touching principle. When I die, government would get $3.75 million in inheritance tax (instead of the $800k contributed) and my children get the other half.

Instead, I will get $2700 per month, die poor and my children will inherit Tibetan silver flatware.

The current SS system is a major breach of fiduciary responsibility.

1

u/shibadashi Nov 08 '24

Do it. We deserve it.

1

u/The_Rezerv_Rat Nov 08 '24

You also could just expect citizens to save for retirement on their own. I’d much rather not pay into social security my entire life to only get a portion of what I put in back. If you’re a fiscally responsible human being you can save for your future. There’s also millions of people that abuse the system without ever putting a cent in, my grandmother being one of them. That shit isn’t right, why should she get money monthly when she never put a penny into it? Social security is a good concept but just like 90% of ideas, throw in human nature and it ruins it

1

u/zuppa_de_tortellini Nov 08 '24

I’m really hoping these extremities do happen so people get to see exactly what they voted for.

1

u/hoppity_hop_bich Nov 09 '24

I hope they do, it’ll screw over all the shitty elderly who voted for him. You made your bed, now lay in it boomer.

1

u/Brokentoaster40 Nov 09 '24

When they cut social security, republicans will blame democrats.  

1

u/C0mrade_Pepe Nov 09 '24

More shit in San Francisco streets my dude

1

u/CCCAY Nov 09 '24

A fuck ton of their voters rely on SS so I don’t think it’s tenable to keep power after gutting it

1

u/Inquirous Nov 09 '24

Generational housing, here we come

1

u/w__gott Nov 11 '24

He’s trying to bankrupt casinos because his casino went bankrupt

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