Donald Trump warned Tuesday that if the Democrats don’t approve funding, there are dangers to the future of Social Security and Medicare.
Trump said at a press conference that when he asked Democrats for feedback on the funding bills, one said, “It means death.”
“There’s nothing about death,” Trump said. “Theirs is death because they’re going to lose Medicaid, they’re going to lose Social Security, they’re going to lose Medicare, all of those things are going to be gone because the whole country would be bankrupt, and you’re not going to have any kind of medical insurance.”
The idea behind social security is that the recipients already put in a career’s worth of effort. They paid social security taxes for however many years, and now they are ENTITLED to the payments they receive in their retirement. It’s their money.
I understand but when we had to wait 50 years to get back that money we put into the pot, it’s retirement time and we are literally relaxing, not working anymore. The money appears in our bank accounts while we spend our last few years on vacation.
I’m so sorry you feel like you need to explain the concept of social security to me.
Yes, but the money you get isnt enough to live on when retired. You need huge savings and possibly keep on working into yoyr 70s and 80s
I know. If I ever make it to age 72 my monthly SS will be $2k/month which will probably have the spending power of $50 by then, based on inflation. Even $2k/month now, wouldn’t be enough to survive on by itself.