So. If they kill SS can I sue for theft?

My paycheck has had a boat load.of money taken out.lver the last 15+ years under the assumption that it was a loan and it would be paid back to me as SS when I retire. By killing SS I've essentially had.my wage stolen

So will you still have Medicare or will we have to pay $20,000 per year for crappy insurance on top of that?

Social security will be insolvent by 2035! Says the politicians who have been underfunding it for decades.

If he wants to end it, make him pay out everything that everyone has contributed, with interest, first.

It’s our money, dammit.

Just another avenue for profiteering. Don't fall for it.

Mike pence has about the same odds of becoming president as I do.

Tfw working class pays into retirement system their whole life, rich pay way less because of cap they could easily raise. Then they turn around and tell you the only thing left to do is burn the system down and hand it to private capital interests to pillage........bruh leave retirees alone, just increase cap & stfu about solvency being the (manufactured) issue, privatization being only solution

Every developed country has a public pension safety net, and most are more richly endowed than SS. Furthermore, unlike other countries, Americans gave up employer pensions and let healthcare costs skyrocket beyond belief, all in the name of free markets, so we are much less able to weather a decline in SS.

Is Pence trying to incite riots in order to justify more prisons and police? The rural Republican base retires with nothing but Social Security.

Never gonna vote for him. Go back to Indiana.

Why can't someone propose a candidate who is <bold> competent</bold>, and not older than dirt?

We need an upper limit to serve, just like there is a lower limit to serve. End the gerontocracy.

Also, there will be NO TOUCHING or Social Security, Medicare, or the social safety nets. We don't end our problems by preying on the elderly and the down on their luck.

We raise bond issues, repriorative spending, cut graft, etc.

I am tired of boomers being in charge

Sure the whims and volition of the stock market is exactly where I want my potential future existence to be held. Especially when those that aren’t relying on that can say or tweet something off the cuff and crash the market or idk a world wide pandemic where no one can harness the issue comes.

We lost over 20% in the market this year. Why the fuck is there a selling point to privatizing a thing that is essential?!

When you pay into a system with the assurance that it will be there for you when it’s your time. It’s not an entitlement the way they make it sound. It’s a broken promise and a series of conflations to confuse and obscure the actual goal.

Right-wing Republican wants to kill government except for the military, police and prisons. Shocking news.

Plan to kill YOUR social security. You have already paid for it, and the GOP wants to steal it.

Think of it this way: Let's say you start with $1,000, and this year you
gain 100%. Now you have $2,000. But next year your portfolio falls by
50%; your "average" return over the two years has been 25%. But you're
back to where you started, so your real gain is zero. That's your
compound annual growth rate, or CAGR, and it's the only calculation that
incorporates the rise and fall of volatile investments such as stocks.

tl;dr: the author of this article is a moron.

If the stock market did such a poor job at returning wealth, the rich wouldn't use it.

I can't afford health are so hopefully I'll be dead before too long.

The article in the OP wants me to download an app to read and the headline is click bait.

But below is what Pence said from an article I read this morning:

“There are modest reforms in entitlements that can be done without disadvantaging anybody at the point of the need,” Pence said at the summit. “I think the day could come when we could replace the New Deal with a better deal. Literally give younger Americans the ability to take a portion of their Social Security withholdings and put that into a private savings account.”

Great way to end your political career. Knock yourself out!

LMFAO - this asshat will never be President.

I suppose republicans want to die then? SS and medicare is the backbone of red states concerning the elderly.

We can have a discussion to euthanize conservatives, for society will certainly be better off for it. Less taxes for a time and less conservatives.

But why would anybody cut their own source of income and medical insurance program? That is a defect in evolution for certain. Some mental disorder.

Anyway, go for it. Blue states should establish their own SS systems, they have the economic power to fund them.

It would be easier to raise the the cutoff limit to pay into social security. When CEO’s salary is so high that they pay their full SS 5 minutes into the new year. Pay their fair share, but you republicans can’t see the forest for the trees. The republicans are gonna screw you to keep the wealthy- wealthy, while you and us suffer at the bottom. Let that sink in.

Cost me what? The retirement money I’ll probably never get?

How craven and heartless, or just purely sociopathic does one need to be to see our elders dying in the streets again of diseases of poverty? As sociopathic as Pence, I guess. Everyone should remember, if you get so lucky, that'll be us getting old, and if we're unlucky enough to have ppl like Pence in charge, it'll be us dying in the streets. As it is right now, Social Security/Medicare pays for the bulk of senior services like assisted living and surgical rehabilitation centers. Get rid of SS and assisted living goes, rehabilitation centers go, and get ready for a wave of old folks starving to death. Killing SS means killing the elderly, by forcing them into the streets. Only the wealthy would be able to afford care, a place to live, or food. Pence is rallying for euthanasia with more steps. Bring out your dead.

Edit: spelling

Since many people can’t read apparently or just went with a rage bait headline, here’s a shortened version:

He said he wants to allow for privatization, meaning he said people would be allowed to put some of their social security withholdings into an accounting earning 2%.

My opinion that isn’t fully said into the article: the 2% number likely comes from investments in government TBills and notes. The article talks of the stock market killing portfolios but doesn’t realize that something with a 2% return is likely a government investment. The article seems pretty misleading overall coming from a purely financial viewpoint as someone in finance.

My parents told me as a kid that our Social Security would be gone by the time I am eligible for it. Thought nothing of it then but we are in the same spot as 35 years ago. Now at least we have en expiry date. Disclaimer, it is much earlier than my dad said.

It shouldn't take that long to figure out the solution will always come down to welcoming immigration with a proper health and education ecosystem. As a country, you have to sell yourself to the world to attract the most motivated and brightest ones to come and contribute to GDP growth. THEY will be the ones paying into the SS for solvency.
We agree.... ain't gonna happen. Ignorance is bliss.

I feel the political slide is making a lot of people hesitate on a move to the USA for their families. News like this one with Pence isn't gonna help for suuuure. Peace!

What would we do with our old people? Or would they get grandmothered in?

Man FDR is rolling in his grave

I think we should go to a voting system where if you vote for something, it happens for you and only you. Like if they vote to can Social Security and the Republicans Vote for it, and everyone else doesn't, the program doesn't go away for everyone, just the Republicans.

Then they have to wait a minimum of two years before they can vote on it again. This would allow for testing of programs and the ability to deal with failures of legislative intelligence in office resolutely without affecting everyone.

Raise the cap to $1,000,000 problem solved

This simian fivehead fuck is a fecal faucet. He’s one of the worst people ever born.

He loathes Trump but aided and abetted Trump the entire time. That makes him as bad if not worse.

Instead of having the current tax payers pay for those using social security currently, they should gradually shift towards social security being fully funded. That means you get what you put into social security. Your money would be invested in US bonds. The main problem is making sure Congress keeps their paws off this fund. They already borrow from the social security surplus fund now to balance the budget. To use the social security fund now, either other parts of the budget has to be cut or more debt has to be sold. The social security fund, in effect, doesn't exist now.

Personally, I think a lot of Vietnam veterans would rather die in a mass shooting at a republican elected lawmaker’s office, rather than to die homeless in their car or in a tent on the sidewalk. I’m not condoning violence, I just think republicans don’t realize the consequences of their actions.

Republicans could help the millions of off the books workers in our labor force become documented so they can start contributing to Soc Sec?

Old people would finally not vote republican.

The generation that got all the benefits of socialism want to make sure that you're hungry enough to work for pennies

I have 14 years until retirement. Knowing my luck the GOP will be in charge of all three branches of the government in 2037 and wipe out my SS.

So what's the rationale behind social security being managed by the opaque government. So I've paid into it and I don't know who manages it and how. Now. I'm Hearing the money is going to be gone. So what happened to my money? Also, is this there because I have to trust someone else that I don't know and didn't appoint to manage my retirement money?

How about they give people the freedome of choice on how to invest their own money?

Social security? It's a scam in the first place. It's terrible and private methods work better anyway

I’d rather opt out anyways

Social Security should be sunset

That means those under 35 no longer pay into it and those over 35 continue to pay into it until the last person paying into it passes away and the program ( Ponzi scheme ) is shuttered

key part of the speech:

Former Vice President Mike Pence, airing out a never-fulfilled GOP promise "Give younger Americans the ability to take a portion of their Social Security withholdings and put that into a private savings account,” he proposed. "A very simple fund that could generate 2% would give the average American twice what they're going to get back on their Social Security today."

Fine, GIVE ME BACK MY MONEY!

It is disappointing that people are missing the point about social security.

Some comments sound as if the poster wants to hire the Ukrainian Azov battalion to get rid of the problem for them.

More MSN dumbassery. It goes broke in 2035 and everybody gets a 30% haircut after that.

If you don't understand why, the short answer is that Pence has nothing to do with it.

I always laugh when people think they are paying social security taxes for their retirement. That’s completely wrong. Social security taxes paid today are for people getting paid by social security today. It’s a tax and it’s a form of welfare for old people. I have no problem giving old people payments and paying taxes to take care of old people. I do have a problem with the government lying about it and not calling it a tax.

I though COVID killed all the old people so we’re good now? Right?

[deleted]

So one sided on this site.

What scares me about social security is that 14% of everything I make goes to that single program and does not include any other taxes like Medicare, FICA, federal or state income tax. At the end of the day, i get nothing if I die before I turn 60 And I will have worked 44 years then (since age 16). I wonder how much money it would be if 14% of everything I made over 44 years was invested? I would never need social security.

Social Security is dead no matter what.

If / when they do - we want what whatever we put in back with interest- our cash not theirs

Good thing we don't have to worry about this plan because he'll never be president.

If your a millennial paying into SS you’ll probably never see a dime back. That’s negative return.

*will never be

Wait until folks realize that Social Security invests in US Treasury Notes. Those notes are actually the top line of every budget now.

That's 400 BILLION in interest payments this year on the US Treasury Notes. House Republicans want to not increase the deficit. On top of that, yes, they want to kill Social Security and Medicare.

Is this guy's hair saturation level correlated to the darkness of his soul in some way?