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Kevin Schmidt
The Jimmy Dore Show
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Comments by "Kevin Schmidt" (@kevinschmidt2210) on "Republicans REALLY Want To Cut Social Security" video.
Speaker of the House, Kevin McCarthy has gone on record, "cuts to Social Security and Medicare are off the table."
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It's not a scam. It is wildly successful and wildly popular with every age group. It will never go bankrupt. All that has to be done now is to raise the income level at which yearly contributions stop.
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@ChrisRJ Every penny of SS money comes from employee contributions. Nothing is ever borrowed to pay for the program.
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@Perry Turner Congress does not borrow money from SS. By law, all SS contributions must be invested in US Government securities, which effectively funds US debt. The US has never defaulted on its debts, and it would be unconstitutional to do so. The problem is not that SS funds US debt. The problem is the US Government has far too much debt caused by too much funding of the war machine, and too many tax cuts for the wealthy.
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@billtomson5791 That doesn't even make nonsense. I support McCarthy's stand to not cut SS and Medicare. Why don't you?
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@Perry Turner I am retired and on SS. Congress never borrowed money from SS because that is literally impossible. What did happen was the minimum retirement age was raised. Plus, adjustments to inflation are too low to keep up with actual inflation experienced by seniors.
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@spaceracer23 Military spending is not entitlement spending. SS does not have to be saved. All that needs to be done is for the wealthy to be taxed fairly on all of their income, including unearned income, SS contributions and estates. Problem solved!
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@blackbette07 We have too many rich people. Time to pull their money, which they stole from the people.
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@orionsghost9511 No one is ever going to get the option to opt out. SS has been successful from the start. The wealthy oligarchy will never be able to shut it down and steal our retirement money.
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@spaceracer23 LOL! SS is not a Ponzi scheme. It's been with us for almost 100 years! Stop lying! There is no danger of SS going broke. Stop parroting the oligarchy's propaganda. SS is self-funding. The problem is, the contributions were set artificially too low to enable the wealth to not pay their fair share. All that has to be done is to make everyone pay on all of their income, even if they make more than $150,000.
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Catania Momma Italia No, I am not brainwashed like you at all. Social Security works and prevents over 40% of all retirees from slipping into abject poverty and homelessness!.To deny that obvious reality is to prove YOU are brainwashed!
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@MarineScoutSniper Of course it will never go bankrupt! Anyone who says that truly is an idiot!
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@Perry Turner Yes, it is also from that too.
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@Perry Turner Stop lying. SS has always been paid back. The US Government has never defaulted on any US security bought by SS or anyone else. Screw your insincere "Best Wishes," screw your run-on sentence bad grammar, and screw you.
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@spaceracer23 If SS is insolvent, then why do I still get my check from them every month like clockwork? Oh, that's right. You're nothing but a liar full of BS. Or are you completely delusional?
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@tooitchy If SS is "completely insolvent" then why do I still get my check every month like clockwork? Oh, that's right. You are a liar and/or you are completely delusional.
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@MarineScoutSniper Dear Dumb Ass, We get an increase every year. We just got an 8.7% cost of living increase in January. It was in all the news. So stop lying.
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@BV-jq2vg LOL! More taxes would bankrupt the system? You must live in Opposite Land. The US is the most prosperous country in the world. The ultra wealthy will not be divesting any time soon.
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@orionsghost9511 The people are finally starting to organize and will soon end the oligarchy's reign of terror.
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@BV-jq2vg No, the wealthy will never divest from the wealthiest country in the world. Other countries have lower tax rates. Yet, wealthy Americans, as well as foreigners, still invest heavily in the US.
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@uche007us No. Because you will need retirement money, you cannot get out of making contributions to your future retirement benefits. If the wealthy were to pay their fair share, our benefits could be increased to actual livable benefits.
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@uche007us So what? Here in the US, over 40% of SS recipients receive no other income. You want to throw all of those senior citizens into the poor house or out on the street?
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@BV-jq2vg The fair share of taxes for the wealth is at least the same PERCENTAGE of all income paid in taxes by the working class producers, after deductions and loopholes, of course. How do you not know this? Why must you be willfully ignorant?
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@uche007us Everyone of every age will get their benefits. SS will not go bankrupt, ever. Paying taxes is constitutional in the US. SS contributions get invested in US securities only. However, if you want out, just leave the US. Problem solved! Oops! Every country in the world requires you to pay taxes.
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@uche007us Speaker of the House, Kevin McCarthy said cuts to Social Security and Medicare are "off the table." SS won't ever be ended. It is just too popular with every generation, including yours. Get used to it!
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