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I just received my first Social Security retirement benefit (payment)

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GrayTide said:
https://www.newsweek.com/deficit-bu...ecurity-medicaid-medicare-entitlement-1172941

McConnell is leading the charge to reduce entitlement payments to pay for the $1.5 trillion tax cut for the wealthy. This is pretty simple, if you lose revenue from taxes then you have to make it up from somewhere, which is precisely what I meant by "no such thing as a free lunch". If you don't understand this then I do not know what else to say.
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be careful or they might come and explain "economics 101" to you
 
GrayTide said:
https://www.newsweek.com/deficit-bu...ecurity-medicaid-medicare-entitlement-1172941

McConnell is leading the charge to reduce entitlement payments to pay for the $1.5 trillion tax cut for the wealthy. This is pretty simple, if you lose revenue from taxes then you have to make it up from somewhere, which is precisely what I meant by "no such thing as a free lunch". If you don't understand this then I do not know what else to say.
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I wouldn't mind seeing tax dollars taken away from freeloaders and relief given to those who contribute to our economy - and society in general.

The devil is in the details of course.

How do you distinguish between a freeloader and those who are hard working Americans?
 
While I was out working this morning.....the thought crossed my mind that it made me feel good to work.

It doesn't hurt of course, that I enjoy what I do for a living - and always have.

At the end of the day though....I'm working.....and earning a wage.

And that feels good.

Even though I have finally reached the point where work is optional from a financial POV....I will continue to work as long as I am able to. Because it feels good to be a producer.

 
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Bazza said:
I wouldn't mind seeing tax dollars taken away from freeloaders and relief given to those who contribute to our economy - and society in general.

The devil is in the details of course.

How do you distinguish between a freeloader and those who are hard working Americans?
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well, we know how the gop makes that distinction
 
92tide said:
be careful or they might come and explain "economics 101" to you
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Probably wouldn't help. Most people don't understand the dynamics of a national economy and use simplistic zero sum game statements based on a snapshot look at said economy to make some broader commentary. Economics is one of those fields that most people don't understand but think they do. It is what it is.
 
Bodhisattva said:
Probably wouldn't help. Most people don't understand the dynamics of a national economy and use simplistic zero sum game statements based on a snapshot look at said economy to make some broader commentary. Economics is one of those fields that most people don't understand but think they do. It is what it is.
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yeah, there is a reason i put it in quotes
 
Bodhisattva said:
Probably wouldn't help. Most people don't understand the dynamics of a national economy and use simplistic zero sum game statements based on a snapshot look at said economy to make some broader commentary. Economics is one of those fields that most people don't understand but think they do. It is what it is.
Click to expand...

The best definition of economics I ever heard was from an Economics PhD who described economics "like driving down the road in a car looking out the back window".
 
Bazza said:
While I was out working this morning.....the thought crossed my mind that it made me feel good to work.

It doesn't hurt of course, that I enjoy what I do for a living - and always have.

At the end of the day though....I'm working.....and earning a wage.

And that feels good.

Even though I have finally reached the point where work is optional from a financial POV....I will continue to work as long as I am able to. Because it feels good to be a producer.
Click to expand...

You are taking jobs away from immigrants.
 
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SS flyer in today's mail.

So far no damage done by the current economy.

My Medicare Plan B is going up ~$9 but I'm getting a 1.6% COL increase which nets a gain of $14 starting next month.

That's an extra $168/year.

Thanks to all who are paying into SS.....it's greatly appreciated! (y)
 
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Almost a year since my last update. So far so good for my monthly retirement benefit. The increase kicked in the first of the year and deposits go in each month like clockwork.

Here's the latest edition from consumer advocate Clark Howard:

clark.com

Will Social Security Run Out?

Recent projections may cause some to wonder how much longer will Social Security be around. Here's what money expert Clark Howard has to say.
clark.com clark.com
 
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TIDE-HSV said:
Don't kid yourself. There's a reason they've labeled them "entitlements"...
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When I was first signing up for SS the lady working there said to me, "Don't worry -- this is your money and we're going to see that you get it. After all, you paid it in all these years." I still say she is the nicest government employee I've ever dealt with in my life.
 
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Padreruf said:
When I was first signing up for SS the lady working there said to me, "Don't worry -- this is your money and we're going to see that you get it. After all, you paid it in all these years." I still say she is the nicest government employee I've ever dealt with in my life.
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Unless the entire enterprise goes bankrupt. Then nobody's getting anything, promises or not.
And that day is coming, sadly.
 
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