The media continues to push the idea that Social Security will go broke in 2030 resulting in a drastic cut in Social Security benefits if something isn’t done to instill fear in Senior Citizens. Democrats continue to push their old idea about taxing the rich to solve our money problems when every time they get a tax raise, they go on a spending spree and spent the money before they get it. Currently, there is a cap on taxing income for Social Security. Above the limit, income isn’t taxed. The Democrats propose raising that limit. That sounds reasonable until you do the math. First, the amount gained would be small since few earn over that limit. It would not provide the income needed to erase the deficit between benefits paid out and taxes taken in, let alone cover the raise in benefits that Democrats promise with the tax increase. Second, since benefits are based on a percentage of income, it would result in the rich receiving higher benefits which would result in a temporary surplus until those workers retired when their increased benefits would eat into that surplus. Some have proposed a limit on benefits but that would change Social Security from a savings plan to a welfare plan and that would not sit well with workers. Many workers already view Social Security as a welfare program and see retired people as excess baggage that drains government funds, even though the Seniors paid into the fund with the promise that the funds would be there with interest when they retired. They are not responsible for the fact that Congress betrayed their trust and spent the money on welfare programs so Social Security now has to rely heavily on the money workers pay in.
Posts Tagged ‘Senior Citizen issues’
Senior Citizen issues-K
Lawmakers passed the Social Security Fairness Act just before Christmas 2025 while people aren’t noticing. This allows government union workers and their spouses to enjoy two full pensions if they worked at non-government jobs along with government jobs and earned enough credits. Formerly their Social Security was reduced by what they received in their government pension. It only benefits a small number of Seniors but will greatly increase the burden on the Social Security fund with no funding to cover the increased costs. The vast number of Seniors will receive no benefit and will face reduced Social Security earlier due to Social Security running low on funds sooner. It shows that the Democrats have total disregard for Seniors when it offers government workers facing retirement a huge windfall to buy union votes in upcoming elections. Democrats have always worked to benefit unions but have seen dropping support from police unions as they demonize police and from manufacturing unions as they push the switch from gas powered to electric vehicles which require less workers to manufacture and push importing manufactured goods from China and oil from the Mid-East which costs American jobs.
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Senior Citizen issues-K
Lawmakers passed the Social Security Fairness Act just before Christmas while people aren’t noticing. This allows government union workers and their spouses to enjoy two full pensions if they worked at non-government jobs along with government jobs and earned enough credits. Formerly their government pension was reduced by what they received in Social Security. It only benefits a small number of Seniors but will greatly increase the burden on the Social Security fund with no funding to cover the increased costs. The vast number of Seniors will receive no benefit and will face reduced Social Security earlier due to Social Security running low on funds sooner. It shows that the Democrats have total disregard for Seniors when it offers government workers facing retirement a huge windfall to buy union votes in upcoming elections. Democrats have always worked to benefit unions but have seen dropping support from police unions as they demonize police and from manufacturing unions as they push the switch from gas powered to electric vehicles which require less workers to manufacture and push importing manufactured goods from China and oil from the Mid-East which costs American jobs.
Senior Citizen issues-I
While Democrats continue to declare that Republicans want to cut Medicare, they hide the fact that they are the true threat. This coming October, Medicare Advantage plans will change a lot. Recent cuts in payments by President Biden will result in drastic cuts in services available to Seniors. They will also result in more doctors refusing to accept Medicare Advantage plans. Many doctors are already beginning to refuse to accept Medicare Advantage plans as a result of last year’s cuts. My wife just got notice one of her medical providers no longer accepts Medicare Advantage coverage. Medicare Advantage plans are paid for with Medicare funds but are administered by private companies which have lower overhead and a lot less waste. As a result, they can offer clients a lot more services than traditional Medicare administered by the government for the same amount of money. Many Seniors prefer them because they can get more services without having to pay more, however, with cuts in government payments, those companies can not offer a lot of the benefits previously provided. The goal of Democrats is to return many Seniors to government plans where the government can weed out those requiring expensive services by denying them services resulting in an early death or directing them to lower cost maintenance plans where the symptoms are treated but they are not cured. Their goal is to eventually merge it with a universal health care plan where a government panel could cut off treatment to those no longer felt worth the expense. Republicans on the other hand want to cut benefits to illegal immigrants and others who did not pay into the system or meet eligibility requirements to preserve the fund for Seniors who paid into the program and deserve to receive it.