Did you watch debate last night? Nothing new. I think they are missing the boat in one area. So far I have never heard any candidate mention Social Security or the possibility of its ending due to funds being taken for other things. A president might be able to fix that. They have a vast audience as you can see below. About 59 million people collect Social Security benefits each month, and they account for about 1 in 6 people in the United States. In about one family in four, someone is receiving Social Security benefits. About 39 million retired workers receive benefits and another 2.9 million individuals receive benefits as spouses or children of retired workers. A total of 6 million people receive benefits as survivors of deceased workers, including 3.8 million aged widows and widowers and 1.8 million children. Another 8.9 million people receive benefits as disabled workers, and 1.9 million people receive benefits as the child or spouse of a disabled worker. A total of 3.1 million children under age 18 receive Social Security and another 1.0 million adults who have been disabled since childhood get benefits as dependents of a retired, disabled or deceased parent. 39 million plus votes are a lot!!!
There has been no change in how SS money has been spent. Some times it is off budget which makes some people think they are taking the money, but they are using the money the same way they always have. Anything you may have heard about personal accounts, a lock box, or anything else isn't true and never was.
Why do I keep reading that SS is going broke and might end within the next few years? Could it possibly be that there are fewer workers putting in money? I suspect that many if not all residents of SC rely at least a little on SC. And some rely on it entirely.
Someone just posted on Facebook "How can we afford to bring in 10,000 refugees but can't afford an increase in Medicare or SS? Good question. No?
Last year it was said the SS disability fund would go broke late in 2016, have not heard anything more about it. SSA says social security will have to cut benefits by 25% in 2034 if nothing changes and will be bankrupt by 2042, congress says 2052 according to the budget. The problem: not enough babies being born so the workforce is shrinking and the amount of workers paying into the system is less. Legal immigration helps, but not enough. Bottom line... something has to change and soon for SS to stay viable. Not to get political, but this is a big political issue that is being kept pretty quiet. The left says to save SS we have to cut benefits and raise taxes on the rich. The right says keep benefits the same and increase taxes for everyone. While not a big fan of either candidate, I know which idea I like better. Deplorable me.
I was thrilled to see this online this morning. I'm sure it was caused in most part because of Monday night's debate: Since The Arizona Republic began publication in 1890, we have never endorsed a Democrat over a Republican for president. Never. This reflects a deep philosophical appreciation for conservative ideals and Republican principles. This year is different. The 2016 Republican candidate is not conservative and he is not qualified. That’s why, for the first time in our history, The Arizona Republic will support a Democrat for president. Unfortunately many of my neighbors will be cancelling their subscription due to this announcement.:applouse: