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Xolodno

(7,182 posts)

2. Social Security is NOT a savings program.

Reply to Yo_Mama_Been_Loggin (Original post)

Thu Jul 31, 2025, 08:26 PM

Jul 31

It's a safety net and no matter how much you put into it, very likely you won't get what you "invested" into it. Congress can reduce benefits on a whim. Nor was it to be all and end all for retirement, it was a supplement to your current savings. Our problem, we didn't require pension's, 401k's, etc.

I know a number of people who will die never drawing from it as they don't have anything saved up and Social Security will not be enough to cover thier living expenses. It's a lie to say its a savings program that can be replaced.

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Deuxcents Luciferous

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Highlight:

Bessent tries to walk back comments suggesting Social Security could be privatized. [View all] Yo_Mama_Been_Loggin Jul 31 OP

Yeah, he knew EXACTLY who he was talking too. He even turned his head and looked at the camera when he said it n/t Cheezoholic Jul 31 #1

Social Security is NOT a savings program. Xolodno Jul 31 #2

I don't get the obsession with the "break even" stuff Skittles Jul 31 #3

It is a social insurance program. It isn't an investment program, valleyrogue Jul 31 #5

You know that... Xolodno Aug 1 #6

He should have shut up his fat trap. valleyrogue Jul 31 #4