Who is cutting welfare? I am saying welfare benefits will not be needed as much because people have actual jobs.
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- Thread starter Jaw
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Who is cutting welfare? I am saying welfare benefits will not be needed as much because people have actual jobs.
sturg33
I
I see. Misunderstood your original point
I know you're not naive enough to believe a reduction in welfare benefits due to higher labor participation rates won't move the needle on this
So my question that you chose to ignore was what happens when the higher participation rate does not close the shortfall?
Its another cog in the plan to make it work. Under the current system I 100% agree Social Security and Medicare are ****ed.
I am not proposing the status quo economically.
sturg33
I
So in order to save social security, we need an entire new economic system that takes hold between 2025-2032 and results in the necessary explosion in GDP to get us there.
And trump is the one to make that happen, despite failing to do so in his first term
Any any other politician who proposed reform to the failed program is someone we cannot elect.
Do I have that right?
And trump is the one to make that happen, despite failing to do so in his first term
Any any other politician who proposed reform to the failed program is someone we cannot elect.
Do I have that right?
We were headed there and faster then you think but the Globalists wanted none of that. Its the whole reason the CCP virus was launched. And while you may not agree with that with your words on this forum I think part of you believes that to be the truth.
And yes - I have REPEATEDLY said we need to drastically overhaul our current economic system.
Probably not a winning strategy after he wins the primary 2-1
sturg33
I
GDP growth didn't even outpace federal spending growth during the Trump years.. and that's not counting the disastrous 2020 numbers
You know what matters to me? Americans making money and not just the laptop class.
Trump's 4 years were INCREDIBLE for workers which is how you get this country back on track.
sturg33
I
I don't even know what your talking about the name thing... But if we wanna play the what's worse game... There is nobody that can conquer trump's handing over American freedom to Anthony Fauci
What a leader!!!
sturg33
I
If the economy can't grow enough to outpace spending, how is that going to close the social security shortfall?
Pesky math and all that
Still pretending that Trump shut down the country.
Hysterical and naïve.
Country was planned to shut down before the virus was even released.
Because there are actual workers who contribute to social security.
You know MATH
And we went over the spending for defense and why that had to happen in Trumps first 2 years. Unless of course you were fine with ISIS beheading people. I'm assuming you were not ok with that.
sturg33
I
I'm going to need you to start doing those math circles around me soon... because you're really not helping me understand why a Trump presidency is the answer to the social security problem.
Let me help you...
Did you know that Social Security revenues were substantially higher in 2022, than they were in 2019 (Trump's best year ex covid). SS brought in $1.22T last year - a record!
In fact, revenues were 15% in 2022 than in 2019.
And guess what? Outlays were negative. They paid out $1.244T. Because the costs are now more than the revenue, despite record revenues. They were in 2021 as well. "More jobs" isn't the going to solve this math problem. The costs are too high and there simply aren't enough people.
For the first time since the 60's, social security paid out more than it took in, both in 2021 and 2022. And these are going to be much worse from now until the program runs out of money. The shortfalls are all documented and we know how bad it is going to get... unless a bunch of old people start dropping dead from their covid boosters, these costs are fixed.
Something has to change... because substantially increase labor will not fill the void. It just will not. That's math.
Reducing spending elsewhere will not fill the void. Social Security, Medicare, and Interest on the debt make up close to 70% of the spending. There is not enough money to cut elsewhere. We can zero out the defense budget to $0, and it will not fill the shortfall.
Do you see what I am doing for you? I'm providing you with specific numbers.
You are providing me with platitudes and promises of a unicorn financial system that will be substantially different and that I can trust that will solve the issue.
But it won't. It really can't. The math is the math. You are going to have to cut benefits... or you are going to have massively hike taxes. Or, you will have to do what they always do and print the money. With no changes to the program, that's your only options.
You can talk about a re-imgined economic system... and that's fine. But that doesn't solve our problem in the here and now. It just doesn't.
So any politician who is not expressly mapping out what their plans are for this math issue - is not a serious problem solver. DeSantis can change his name all he wants if he solves this problem. Because not solving it is catastrophic for all Americans, including seniors.
Of course inflows are going to be higher as a raw number in an inflationary economy. My dad also got an increase in his SS benefits because of inflation.
But that is still with a stagnant economy with reduction in REAL WAGES.
I am not delusional in that CURRENTLY we have an issue that needs to be solved. That solution is to ensure that Americans have more jobs to pay more into the system while taking less out of welfare. More businesses in the US also results in more tax revenues that can be allocated in any budget. These are the types of things that stimulate an economy to grow and be self sustaining.
You are giving high level numbers without any context at all. This is not the "Math" that you promised with present value calculations adjusted for projected inflation as well as projections on population growth and GDP future figures.
sturg33
I
This work has been done. It's all known. It's essentially guaranteed - and if we know anything about the CBO they are probably being about as optimistic as they possibly can
This work has been done. It's all known. It's essentially guaranteed - and if we know anything about the CBO they are probably being about as optimistic as they possibly can
I am 100% in agreement with the status quo the plans are doomed.