Does anybody doubt Trump and Musk are crashing SS on purpose?

Originally posted by: Boilerman

How are they going to change things?


Privatize it--which means make it for-profit--which means denying millions of people the benefits they have rightfully earned, and making it take longer for people to apply for and receive their money and services.

 

It's the same as if the post office was privatized. It's been estimated that if that happened, it would cost $2.50 to mail a letter, and delivery would take a week. But hey, we would eliminate "waste' and another 200 billion would land in Elon's pocket.

Originally posted by: O2bnVegas

It isn't necessarily the SSA responsible for the length of time for a SSD application to be approved.  Three months is a quick turnaround.  Six months isn't bad.  Remember, the applicant is certifying that his illness (mental, physical, emotional) is such that he cannot perform the duties of the job he has/had and needs the SSD income to live on.  That is what SSD decides, not whether he/she can perform some other work. 

 

For one thing, doctors are loathe to filling out their part of the application.  Has to be detailed, including how the illness/injury affected his/her ability to do THIS job, and often a rejection is due to insufficient information from the doctor, AFTER the application has gone through a number of steps to reach the decision makers.  Generally doctors charge the patient for completion of these forms, as it takes up a lot of their time to look back through records, etc.

 

My brother is a retired MD, one of several in his office who do part time time work reviewing SSD applications for the medical part. 

 

The application comes to them with the patient's doctor's medical information.  They by no means are final decision makers yes or no.  From them it goes through other clinicians, and finally through an administrative judge for the final decision.  Again, if the info doesn't meet the criteria to deem the applicant disabled for SSD purposes, it is turned down or rejected or whatever.  It then is the applicant's [patient's] responsibility to return to his MD and request that it be completed again with more or more precise information.  This can actually take years.

 

My brother said that he gives the ones he is given to review his best effort.  He would like to just say yes and pass on them all, but he is sworn not to do that and he wouldn't anyway. 

 

 


You also have to remember that is just the waiting time for the initial denial. Most get denied and have to go through a review process and then a hearing in front of the administrative law judge. The complete process takes roughly three years the way it is done now.

Originally posted by: Boilerman

How are they going to change things?


Obviously, the first step is to make it harder to claim benefits by closing offices, firing employees, ending phone support and then making recipients appear in person at SS office for minor things like changing the bank account where your direct deposits are made.

 

The plan is to delay checks so they can't say see we told you the system is broken only the private sector can save it meaning a big contractor tied to the oligarchs will skim 10% to 20% of your SS dollars as administration fees. 


My dad recently passed away. Took my mom to the SS office an hour away. All she had to do was turn in her marriage certificate. She didn't have to see a case worker or anything just drop off that certificate. The wait was three hours to see the person that logged documents in. The actual visit with that person didn't take two minutes.

They are closing 47 offices out of 1470. (3%).. The republic will survive. 


Originally posted by: Nines

FDR signed it into law. Historically, the SS coffers have been raided and pilfered time after time by both parties, though. Nobody's innocent regarding the state of this government service/ provision..all have contributed over time.


Kevin just got done telling me in another thread that we are getting a "great deal."  Look at my post on the other thread.   

Originally posted by: Kevin Lewis

Privatize it--which means make it for-profit--which means denying millions of people the benefits they have rightfully earned, and making it take longer for people to apply for and receive their money and services.

 

It's the same as if the post office was privatized. It's been estimated that if that happened, it would cost $2.50 to mail a letter, and delivery would take a week. But hey, we would eliminate "waste' and another 200 billion would land in Elon's pocket.


Yes, Kevin, our federal government has proven to be so responsible with our money.  Yet, had government placed our SS money into the S&P 500, or any broad indexed fund, those receiving SS would be receiving 100% more than they are.  SS is a Ponzi scheme.  Kevin, how do we cut $2-$3 trillion in spending without making massive changes.  

Originally posted by: Boilerman

Yes, Kevin, our federal government has proven to be so responsible with our money.  Yet, had government placed our SS money into the S&P 500, or any broad indexed fund, those receiving SS would be receiving 100% more than they are.  SS is a Ponzi scheme.  Kevin, how do we cut $2-$3 trillion in spending without making massive changes.  


Really?  A Ponzi  scheme?  Explain.

Boilerman voted for Trump despite Trump saying he wanted to end taxes on Social Security income....which is one of the pillars that helps pay for it.    

 

Boilerman complains about government mismanagement of the fund....but he votes for people who enact that mismanagement.   

SS income is taxed three times. 

First whe one is working one is taxed on gross income even though there are SS taxes that reduces take home pay. 

Then one is taxed with the SS tax. 

Third it is taxed when one receives SS income. 

An example of a Ponzi scheme. 

Investment company promises that you can earn 10% on money invested with them. 

Investment company doesn't have investments that pay 10%. They take the money from subsequent investors to pay the initial investors. When they run short on new investments it collapses 

 

With SS, one pays SS taxes. 100% should be invested. Some of it is but an increasing amount is paid out to current recipients. The surplus money collected over what is paid out is decreasing. In time SS payments will exceed the taxes. Thus the problem why it is called a Ponzi scheme. 

If a private pension plan ran like this the administrators would go to jail. 

Democrats like to pretend this isn't happening. 

 

Edited on Mar 26, 2025 2:34pm
Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now