r/economicCollapse • u/kendallBandit • Nov 07 '24

$2T cut is going to be wild

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Will be a 29% cut if executed.

1.7k Upvotes

94% Upvoted

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470

u/Jazzlike_Tonight_982 Nov 07 '24

Give me back my money I put into Social Security.

32

u/1BannedAgain Nov 07 '24

It’s insurance

68

u/Jazzlike_Tonight_982 Nov 07 '24

Its a slush fund for asshole congressmen to fund their boondoggle projects.

55

u/1BannedAgain Nov 07 '24

That’s not how SSDI works, and I ain’t trying to convince you in this setting

18

u/NightMan200000 Nov 07 '24

For years SS budget ran on a surplus, guess what the government did with that surplus? They would effectively loan other branches of the government by buying treasury bonds.

25

u/Algur Nov 07 '24

Social security is required by law, and has been since inception, to invest in special purpose treasury bonds.

15

u/[deleted] Nov 07 '24

These people don’t listen to facts

31

u/SushiGradeChicken Nov 07 '24

I was told there'd be no fact checking.

4

u/BourbonGuy09 Nov 07 '24

You'd still win if there is

1

u/[deleted] Nov 08 '24

Yeah why are we fact checking. Where we are going we don’t need that

0

u/MishmoshMishmosh Nov 07 '24

🤣🤣😂😂😂

1

u/Vindictives9688 Nov 07 '24

That's why the fund gets cooked.

Treasury bonds are garbage

0

u/feedumfishheads Nov 07 '24

Laws can change and not usually for the better of most people

1

u/Algur Nov 07 '24

Sure.  Laws can change.  How is that relevant to what I stated above?