NBC:
“The federal government’s ability to pay Social Security benefits could stop by mid-2023 if President Donald Trump were to permanently terminate the payroll tax and not offer another revenue source, the chief actuary of the Social Security Administration said Monday.
“The chief actuary, Stephen Goss, offered the prediction in a letter to a group of Senate Democrats who requested an analysis of what would happen if the payroll tax is eliminated with no other funding stream for Social Security benefits.
“If that were to happen in January of next year, the Social Security Administration estimates that the Disability Insurance (DI) Trust Fund “asset reserves would become permanently depleted in about the middle of calendar year 2021, with no ability to pay DI benefits thereafter,” Goss said.”
For the main Social Security Old Age and Survivors Insurance (OASI) Trust Fund for retired workers, Goss said that they predict reserves “would become permanently depleted by the middle of calendar year 2023, with no ability to pay OASI benefits thereafter.”
And remember, the official platform only says, Whatever Hair Füror want, Hair Füror gets.
GRAY PRIDE! FIGHT BACK! (AND STAY OFF MY LAWN!!!1!)
trump lacks the authority to do this, so just opens his yap, and everyone around him scurries to ensure his wishy-washy wishes are carried out.
What has me the most worried is the Military; they haven’t done one single thing to show they have intentions to put an end to this at ANY time forthcoming. So, I’m guessing half of the Top Staff are with dumpy, and the other half don’t know what to do, and if tRump does order them to attack American civilians again, there will be at least some compliance, at which point it will be “Game over, we’re well and truly fucked.”
But I would like to envision 10 million grannies and gramps, with nothing left to lose, or to live for, marching on DC, and howling for his head on a platter.
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For that I am very grateful, Dennis, because it means we haven’t devolved into a Brazil or Thailand yet…
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There might be millions of old folks marching if trump and the rest of the republicans get their way.
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This is me. I’ve worked since I was fifteen. I’ve paid into Social Security all along, and now I’m 62. If this is allowed to happen, I will collect nothing when I’m eligible in three years. All my work, my plans to retire, gone.
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Me as well, and a hell of a lot more people like us.
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Same here. Exactly the same here. And I would definitely go march.
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If the Dems don’t turn this into ads pronto they’re stupid.
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Congress has to be in on this to happen, right? I mean he can’t just Presidential decree it can he? I know it has been the rethugs wet dream forever, but I thought he’d have to go through Congress, or something.
w3ski
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Yes, it would take an act of Congress.
Rgds,
TG
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Gawd Almighty. He just spouts his Shitleresque fantasy fiats and Whore Media just pushes it along like a bowel blockage. Can’t they at least add a factual note about what this YUCK can and can’t do? For once?
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There are two planks to the Republican platform:
1. SMASH
2. GRAB
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