Social Security trustees warn trust fund will be depleted in 2032

A. Das33

The scary part is that Social Security IS the plan B (or at least a foundational element of it), given that it's rapidly becoming impossible to build a nest egg in this country.

WOBBLY BLACK CAT 🍉29

There's already the situation where undocumented workers who worked under assumed names and numbers paid BILLIONS into this system that they will never benefit from.

World Champion Uphill Ice Skater20

that presumes there's a plan A

Baggage13

The Australian Temu Trump party are muttering about limiting benefits to Citizens, not those fly-by-night, un-Australian 'permanent resident' tax payers. Joking aside: the US billionaire foundations and their friends fund the same ideological campaigns overseas. It's worth watching. #AUSPOL

Steven Toth12

I guarantee that was always one of their plans. A lot of money in social security only exists because immigration is so hard and it’s easier for businesses to get tax ids than visas.

Mike in the Box11

Already, the Republicans planned to reclassify 2.7 million living, legal immigrants as dead in SSA records. This effectively destroys a person's life, by blocking their access to bank accounts, credit cards, and health insurance. The goal: ethnic cleansing by self-deportation. archive.is/hQSp9

Grumpy Rootbeer9

Unfortunately Elon Musk and the rest of the tech elite have their eyes on that Plan B, too. It's simply intolerable to them that everyday people have money available to them for retirement.

no one8

if you’re not a billionaire you might want a backup plan

🦊 🩵🐦‍⬛ Fox & Crow, for Bartleby Endeavors 🎥6

As an entitlement, ie self funded, it would be difficult to imagine a scenario in which the courts would allo…oh my God, I can’t believe I almost got through all of that without cracking up. Like the courts aren’t stocked with crazed fascist true believers. lmao rofl

TommyBen4

They’re already throwing people off Social Security with worse outcomes than a missing check. Act 2 is crazy but obvious. www.thisamericanlife.org/888/not-toda...

Greg 🇨🇦🥁🎸3

Or defeat them at the ballot box.

Ryan2

Which is ofc self defeating as most right wing sh&t is bc more immigration is the actual solution to the problem

Pete (AKA Citizen Pete and Ken Duffy on X)24

The solution is obvious. Raise the taxable amount of income from $184,500 to an amount that guarantees solvency. DUH!

mjordan102.bsky.social18

This is only 6 years from now. If this isn't screamed from the rooftops I don't know what will get voters attention. Remove the salary cap that ss is taxed on and it will be solvent for good.

docMark16

OK - this administration wants to end Social Security. They can't just stop it, because they're afraid of the reaction. Instead they'll predict future insolvency and then make it a fact, and because they warned us they will be absolved - as they walk off with our money.

3dlanyard.bsky.social16

And what pisses me off about SSi is we all payed into that. Instead of investing the money the government stole it.

Caution: Magnetic Field On13

Stop the bombs and fund SS

James Baum11

I have heard conflicting opinions about the decrease in Social Security benefits! We need to begin putting pressure on Congress now!Trump has spent trillions in his unauthorized war, same his ballroom, arches, stadium and more!Every conversation all of us have on Blue Sky this needs to be addressed.

electriciti.bsky.social10

They want to leave you with nothing, so you have no power to resist. Vote like you life depends on it. Bring your entire neighborhood.

ballssaidthequeen.bsky.social8

They have actually now given over 200 Billion to ICE in just over 1 year with no limitations or rules. And at the same time telling us healthcare and retirement money aren’t sustainable. Yep, this is the Republican Party.

Karl8

If blue wins 2028, we can ensure Social Security survives.

Maquisard8

The ads for the 2028 election for the Democratic Nominee are going to write themselves….

The Locutioner 🏳️‍🌈 🏳️‍⚧️,🚫🍊🦧, 🚫👑7

It makes sense because people on Social Security don’t matter one bit to them. The majority of recipients are loyal MAGA bigots regardless of how they are treated they won’t blame republicans.

nursebarbara.bsky.social7

Correct all that & we've known for a long time Social Security's been stolen from & the money was never replaced for George Bush's war & other pet projects. Then there's the idea that after $180,000 they stopped taxing your income. Every last dollar earned should have a social security earning tax!

Slow Lorus7

It will never make sense till you understand it is a class war and has been since before the Civil War. Those that want to be God Emperor will always treat the rest of us as disposable, exploitable resources

Fight The Sadistocracy7

They want all the money and they want to keep it.

EZTempo6

You provoked me to re-read former President, Gen. Dwight Eisenhower's Farewell Speech where he cautioned the nation against the power & temptations of the Military-Industrial Complex. It was worth a read: avalon.law.yale.edu/20th_century...

Maire Athena6

Easy solution: scrap the cap. Republicans have been hellbent on destroying SS from day one. Wall St hates not having access to your money. Stop voting for Republicans they will bankrupt the country. They hate you, they hate democracy, they hate the Constitution. They tell you this everyday!

TakethatEarth6

What if I told you that it's all part of the plan.....

libramoon6

the MAGA bullies who have put themselves in charge want all of Earth's resources to only benefit the wealthy pedophile class

bitter-despondent.bsky.social6

I have been hearing that fund will run out in 10 years crap since the seventies. It isn’t running out of course it could be improved greatly by leaving current payment caps in place but still raising the SS taxable maximum.

phuckna.bsky.social6

Easy enough. Tell the GOP to pay back all the money they *borrowed* from Social Security since the Reagan era. Problem solved.

America, you in danger girl6

People voted FOR this. They may feign ignorance. They may deny. But if you voted for any Republican at the federal level - you voted for THIS. And if you didn’t vote, you voted FOR THIS. They tell us who they are everyday and we, as a country, choose them time and again. Insanity.

Maggie6

TAX THE RICH AND All WILL BE SOLVENT!

Jakob Creutzfeldt (I/me/mine) 🇺🇦🇬🇱5

The only reason this is an issue is repugnican insistence that the rich not have to pay their share. The SS and Medicare taxes are capped for the rich. In addition, they only apply to wages and salaries. If all income were to be taxed, the rate could be reduced from 12%, a lot for most people, to 1%

Hansel Krankepantzen5

Conservatives, Republicans are opposed to "woke," socialistic, leftist Democrat Program like the New Deal-era Social Security championed by FDR. They oppose welfare state thinking and are market utopians, supposing elderly people who are poor should, as a matter of ethics, drop dead right away.

Krakas5

🇺🇸 democracy is dead, it died when he was not held accountable. Fascist dictatorship is in the making, they are already more than half-way there. All 🇺🇸 safeguards failed, you have not been a democracy for quite some time rather a full blown plutocracy.

3dlanyard.bsky.social5

Trump make sense. How is that possible. He’s a deranged monster.

Resistateveryturn4

Guess who was retiring in 2032? Guess who is not retiring in 2032 now?

mxtdoliver.bsky.social4

I have been working under the assumption that Social Security would not play a major role in my retirement for most of my adult life. I knew it was a lost cause when Republicans started talking about cutting it like it was some sort of entitlement way back in the 90s and were still getting elected.

David Ray4

When we take back all the money the dump family stole, we can put it there

outspoken1net.bsky.social4

Well, technically taxpayers should not fund SS as it is funded by contributions from workers. SS is not part of the US budget. All that needs to happen is to increase the cap of max contribution. money.usnews.com/money/retire...

Kris H4

It will make sense when Trump and all his cronies forfeit all illegal profits, billionaires pay taxes, the administration is on trial and Trump is gone, and Elon Musk’s companies are nationalized.

carlmosc.bsky.social4

The consequences of this administration won’t stop at the next election. They’ll echo across generations. Decades from now, historians will still be unpacking the damage done in these years.

bluebotany.bsky.social4

Republicans are looting the place and then leave it to Democrats to repair. Like every gd time.

nihilist-vibing.bsky.social4

War is one of the best means of taking part in the potlatch of the universe Bataille described in The Accursed Share.

hazdaz.bsky.social3

Make it make sense? Easy. Americans are domesticated farm animals. Nothing short of slightly higher gas prices will get them riled up. Contrast that w/ the French who will tear their country apart when the government fucks with them. Raise retirement age? Riots. Speed cameras? Riots.

marv88-88.bsky.social3

Because they won't tax billionaires. But regular people got more taxes thanks Trump.

ₚₐᵥₑₗ ₜᵣₒₗₗₒᵥᵢcₕ🇪🇺3

The ICE-SS is not just for immigrants. It's an overfunded, underbrained domestic suppression machine.

Easy - remove the SS cap.

carlmosc.bsky.social3

Why are we letting Ellison, Musk, Bezos, Zuckerberg, and a few hundred others keep all that wealth? No one deserves that amount of wealth. At some point, we need to stop playing. Flat tax the ultra-wealthy. Target wealth, not just income. No loopholes. No mercy. No more games.

Ann G. Deuel3

Eliminate the cap. Problem solved.

Rosecrucian Roeth2

It doesn't and it can't until you get some intelligent, civilized people in the Government.

Enemies of Fascism2

It's simple really. America Last.

Eric Barnes2

You know the republicans won’t lift a finger to save social security

Saint Helena Island Info2

It's called "Capitalism". Money flows from the poorest to the richest. The alternative is "Socialism", where money flows from the richest to the poorest. In a spectacular piece of deception, rich people have persuaded Americans that Socialism is bad and Capitalism is good. Spectacular!

Pierre’s Fondled Wood2

Add Cuba to the list of expenses as well… it’s already on the table.

MarySez2

We don't matter in these matters. Start with that assumption & all kinds of things fall into place

Noneya2

Easy fix. Stop the wage cap and make the rich pay their fair share. If SS relies on the population rapidly increasing, it's a ponzi scheme. If it relies on most people not living long enough to collect, it's an age lottery. It doesn't have to be either of these but it was setup this way.

waiting74patiently2

When you elect greedy narcissist to govern the country their choices may not benefit all the people, just other greedy narcissists. My point is we must make better choices in who we elect to represent us, but mostly: vote.gov “Decisions are made by those who show up.” - Aaron Sorkin, “The West Wing”

MPF2

They don't care about us. Does it make sense now?

Twalterickson2

Boomers did this! The most heinous generation.

Dan in RI2

Know how you can fix SSA? Turn immigrants into citizens and collect income taxes from them. We need a strong influx of young workers to support our elderly. Plus, stop escalating the defense budget and begin making billionaires and corporations pay their taxes.

ArcoftheAncients since 199411

Unlike spending on disaster wars, when none was necessary...or a Ba'al room, or gold plating everything or paying for Mara Lago festivities, Wrestling on the White House lawn, WE PAID INTO SOCIAL SECURITY OUR ENTIRE LIFE AND IF YOU WENT BY THOSE FIGURES ALONE, IT WOULD BE SOLVENT.

Jack11

Bleed the billionaires dry. We can get an increase.

jhorn001bea.bsky.social9

Everyone should pay their fair share into Social Security. It's Unamerican to be too rich to do the right thing.

Finger of Fate7

I paid into Medicare and Social Security my entire working life. I am "entitled" to either an entire refund of the money the government mandated be taken out of my pay checks plus interest for the past 50 years or Social Security checks and Medicare coverage when I turn 65.

Tahfromslc4

Man, we did this analysis when I was at the Kennedy School in 1985! We’ve always known that this is the solution.

marv88-88.bsky.social3

Because they won't tax billionaires. The 1% is winning in the rest of you pay more taxes and you get no programs.

Sparkling Ice2

Part of where that falls a bit flat is that billionaires like Musk and Bezos do t take a real salary. At one point Musk had a salary of like $50k w/ the rest of his wealth coming from the value of his stock.

The Roaring Lion2

100% correct. The fix is simple. The rich simply refuse to pay their share and the rest of us have allowed it.

George Moser4

There are a number of ways to fix Social Security. What people don't talk about is that it isn't just high earners who don't want to pay more - It's the businesses that pay half of the payroll tax. The business are the ones that have the politicians ears. For a lot of corporations it's lots of $$.

Veronica 🇺🇸 🇮🇹 🇺🇦 🇳🇴 🇲🇽 🇩🇪 🇨🇦 🍁4

When policy choices accelerate depletion of Medicare’s trust fund, the impact isn’t abstract, it’s fewer guarantees for seniors who paid into the system for decades. Fiscal decisions carry human consequences, and weakening core programs shifts risk onto those least able to bear it.

Tina - Release the #EpsteinFiles|Resistbot Text RESIST to 504094

it’s always about saving the rich from actually having to pay their fair share.

KnightHawk3

Yes! I been trying to tell people this for years!

Joe Otruba2

There should be NO CAP. Having one is a gift to the higher earners who really don't need that money to survive. All of that over the cap income goes into a bank account and is barely, if at all, noticed by the higher earners. But it's the corporations that are really behind this.

slynnw.bsky.social2

It won’t hurt the filthy rich one tiny bit, other than having to contribute to the society that created them. (Throws self on expensive marble flooring.) Oh the horror, the sheer unadulterated agony of having to pay just like everyone else. It’s a tragedy. I’ll only have billions & billions left

𝗔𝗻𝘁𝗶𝗴𝗼𝗻𝗲 | 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝘆𝗿𝗮𝗻𝘁𝘀 & 𝘁𝗵𝗲𝗶𝗿 𝗲𝗻𝗮𝗯𝗹𝗲𝗿𝘀. 𝗙𝘂𝗹𝗹 𝘀𝘁𝗼𝗽.2

Yeah, my 62½ start date is in almost next year. So basically I paid in for almost 40 years, and might get five back. Oh, and women in my mothers family live to be over 100yo. For a couple generations.

Veronica 🇺🇸 🇮🇹 🇺🇦 🇳🇴 🇲🇽 🇩🇪 🇨🇦 🍁2

Trump's Social Security Double Whammy Can Expedite Its Insolvency Trump's policies and actions threaten to shorten the timeline to sweeping Social Security benefit cuts. www.fool.com/retirement/2...

Rob Mace2

If the cap goes to a million dollars, the fund is solvent in nail 2078

This is why we fight2

I'm GenX. My husband and I both started paying into social security as teenagers. We have zero confidence it will be there for us. If it is, we'll count it as an unexpected surprise.

The wrong Alice2

Agreed! Simple fix. Push for it. Cant help mention that a fix wouldn't be necessary if congress hadnt stolen (borrowed and never repaid) money from the Social security fund to cover the cost of wars and corporate tax breaks -

MileHigh420☭12

Not surprised, they are really speed running WW3 and Fallout timeline. We need to remove Trump and the MAGA fascists at once !! We must fight. They also plan on rounding up all the people who criticize Trump.

waldgheist.bsky.social9

Well I sure hope every single person who voted for him enjoy the fruits of their vote, and no it's not the democrats or libtards or woke or gay. It's Trump and the GOP.

Oldrunner9

Of course his approval won't turn around in time. He's doing absolutely nothing that might make that happen.

Stashes6

During a State of the Union address, President Biden asserted that some Republicans wanted Social Security and Medicare to "sunset" or expire. This triggered severe pushback and heckling, with GOP lawmakers—notably Rep. Marjorie Taylor Greene—shouting “liar” from the audience.

DesertYETI5

There are going to be a lot of VERY good CNN journalists who flood the market. Anderson Cooper and Kasie Hunt top of the list.

knhps.bsky.social5

Bari Weiss is where TV news goes to die.

Arlene1977 🌊😎 🚫DM4

Medicare and Social Security has been on the Republicans agenda since the day it was put in place. They have the mentality that they are paying this out of their pockets. We contribute to SS for this coverage.

northstar4

The intentionality is lethal. It is some twisted ideology. They aren't all just in it for the grift. It's bad enough that this is our story, but it doesn't have to be our ending.

Let’s Be Frank3

Bari Weiss being put in charge of CNN would mean the end of CNN, though it’s been sliding in that direction for some time. CNN would very likely be turned into state-run media, similar to TASS in Russia, with trump becoming Weiss’s boss akin to how MAGAT Mike Johnson currently reports to trump.

𝓢𝓬𝓸𝓸𝓽𝓮𝓻 𝓣𝓻𝓪𝓶𝓹3

They "may not turn around in time"? 🤣🤣🤣

CalleyCat2

Republicans break any promise to speed up the death rate.

Bright Bart2

These slow days are a downer…

Hugo Edwin2

Because Trump needs a lifetime tax exemption!

First Name-Last Name4

Those who don’t understand this are completely self adsorbed and stupid. I pay social security tax all year on my income. My CEO is done paying SSN tax in January. If everyone paid the tax on 100% of their income solvency of the fund would be drastically extended.

The Big Z3

It's pretty simple if someone explained it to you. But given your average citizen knows almost anything about how government works, it would come as an absolute shock to them that "illegals working with fake papers" are actually paying in for government services they can never use.

工an Monroe 🚰2

Just deporting working people at all is bad for any public pension system, no matter how it is funded or the details of its accounting. Since the economy, and non-workers like retired people, are obviously dependent on workers.

Mark6

We will just have to take all his assets!

Lioness5

I can’t retire yet This is my money that I will need to live off of He’s stealing our money

Joy🦋💙🇺🇦🫶5

I hope not! I count on S.S. for part of my income. Geez 🙄

Cindy 📎🇨🇦⚢🏳️‍🌈4

He's likely dipping into it as well.

KittyAKAJody2

I will starve. Thanks fuckface.

no0rnge2.bsky.social2

If the 🍊 ass 's lips are moving, it's all lies.

Secessio Plebis - General Strike Now2

I need a bit of a history lesson here, but I do seem to recall there being some fear mongering when the social security trust had less than 20 (or 30?) years of reserves in it back in the GWB days?

tedium24x7.bsky.social2

What is Scott Bessent doing exactly? Trump is definitely the problem, but Bessent is the one with the brain.

David Lewis12

Trump is directly aiding this. How? By deporting thousands of immigrants who pay into the SS trust fund (a substantial portion of whom are here legally or have violated no law except being found here). I bet a lot of seniors don't get that.

Kimby10

I retired in 2023 and knew this was coming. I made a plan but fight for our reps to increase the taxable income level. This won't happen under the current regime so people better vote Dem if they don't want a decrease to their SS. Make it personal.

fharriman.bsky.social10

How many established gov't jobs did Trump cut???? All those contributions ...gone,

Crazy Italian Lady9

Put income eligibility caps on it so the super rich can’t receive benefits, and tax super rich. Call the NYC mayor. He can fix it!

crapstorm.bsky.social7

tRump trustees? Tell Bush and Cheney to pay back what they stole for phony Iraq war

NinjaFrog3

We're gonna run the debt to 100 trillion, but we're out of money for you old losers who want to be paid out of the fund you payed into.

🐸🐸🐸🐸3

That's what the repubes want

randy1211.bsky.social2

Vote Democrats in the House and Senate and it won't.

Jimmy2

The prophet Goerge Carlin said they would do this and you all thought it was part of his skit.🤔

🐸🐸🐸🐸2

They will blame Obama and Biden, just wait

Josh Chafetz6

Would eliminating the taxable maximum alone be sufficient to shore up Social Security indefinitely?

commonphoole.bsky.social4

Can't we just agree to remove the cap on Corporate matching Contributions? If a corporation can pay a million dollar bonus can't they pay FICA on the same bonus?

C. Johnson2

We need to make sure Mike isn't Speaker in 2026.

kingfisher2025.bsky.social2

Sure. Plenty of money for… Bombs. Weaponization fund. Trump lawsuits. ICE. Kushner. Oligarchs. Cronies. But nothing for the elderly. SS can and will be funded.

nuckles13.bsky.social2

Ah, the richest, most powerful country in the world steps on the rake again. #America250

seashmore2

I've been watching broadcast tv lately, and the commercials for investing in gold are definitely harvesting on this fear.

jane57lisa10

Trump's BBB affected SS by giving big tax deductions to seniors, legislation which cost the SS program over $160 billion in LOST REVENUE & hasten the depletion of the retirement trust fund. When Trump & Republicans keep reducing taxes, it hurts the gov'ts ability to care for needs of Americans.

CCDude8 🏳️‍🌈 🌊9

All Blue States need to declare Social Security and State pensions TAX FREE. @demgovs.org to offset the federal bite coming in 2032. @xavierbecerra.bsky.social @governor.ca.gov

Gwenbyn8

Yes, MAGA is reaping what they sow. Unfortunately they are taking those who didn't vote for the megalomaniac down with them.

Mama Murphy☘️6

Scrap the fvcking Social Security cap! Do. It. NOW!

BlueBird6

Increase the income amount that must pay in again, and make the richest companies actually pay more into SS instead of paying ZERO taxes.

VeronicaAG4

In the meantime, Trump dumps $50 billion into weaponry and God. I can't even remember how much money into DHS/ ice

wookiefoot7.bsky.social3

I think they are being optimistic if not exaggerative if they believe they’ll be able to do 78% of today’s benefits.

realitycheck01.bsky.social2

500 days ago Republicans made a bet …. They are slowly awakening to the fact they backed a bunch of losers …

CarRamrod41219

Lift the cap, problem solved.

Edward Banatt8

Scrap the cap. It's not rocket science.

James Jones5

Easy fix: 1) raise the FICA income ceiling, and 2) add FICA to capital gains with a $250,000 deductible.

Breathe Free3

Many ways to fix it, but it would mean people care about other people.

therobduff.bsky.social3

Maybe billionaires start paying their way like the rest of us.

The Resistance CO2

Fuck yeah! Guess I got taxed for nothing. Thanks for everything boomers! Pulling the ladder up behind you is such a boomer thing to do!

😳2

I thought they eliminated billions in fraud though. All those millions of payments going to dead people.