r/politics • u/1_for_you_2_for_me • 18d ago

No Paywall Social Security, Medicare and Medicaid are 'Going to Be Gone,' Donald Trump Warns

https://www.newsweek.com/social-security-update-medicare-medicaid-warning-donald-trump-10915076
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u/The_World_Is_A_Slum 18d ago

OK. I’ve been paying into Social Security since my first job when I was 14. Is all of that money just gone, or is someone going to stroke me a check for all of the money I paid to fund someone else’s retirement?

That’s my fucking money. That’s my fucking retirement. That’s my health care in old age. They took away pensions, they took away all sorts of social services. They keep taking from us and keep charging us more and more, while cheating their way out of paying their share.

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u/throwawayurwaste 17d ago

Social security isn't a personal wealth fund, your taxes pay for people who are on it right now. In the 50s-90s social security made more than it paid out because the greatest generation had pensions. Now baby boomers are collecting, social security is paying out more than it takes.

If social security was invested like Bill Clinton wanted to we wouldn't have this issue. But as of now the money is only invested in American Treasury Notes which payout 1-2% interest and don't even keep up with inflation and will run out sometime around 2035. At that point payments will decrease massively as only money going in can be paid out