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senseandsensibility

(21,241 posts)
Thu Mar 13, 2025, 04:53 PM 13 hrs ago

IMO Social Security recipients have a right to be scared

None other than Martin O'Malley, the former head of the Social Security Administration, has voiced very real concerns. He's a good, solid Dem with an excellent reputation who until recently ran the administration. In other words, he knows what he's talking about and he doesn't have bad intentions.

It's obvious that some posters on DU are scared and confused. That's not their fault. It's the fault of the current administration, and they are just doing their best to cope.

For that reason, I don't find fault with anything they choose to post. Maybe they need to vent or want more information. Maybe they want to express to those of us who don't rely completely on SS as our income how crucial these payments are. Whatever their motive, I sympathize.

Because of their dogged pursuit of this topic, I have learned quite a bit about how SS is administered and used the info to deal with some issues that I'm having. I don't see their contributions as anything but a positive, and I hope that DU continues to be a source of information on this topic.

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IMO Social Security recipients have a right to be scared (Original Post) senseandsensibility 13 hrs ago OP
The idea of privatizing Social Security flamingdem 13 hrs ago #1
Not to mention it will be invested in risk rather than performing its task as a social safety net. nt Gore1FL 13 hrs ago #3
I'd be perfectly happy managing my own, BUT..... Happy Hoosier 12 hrs ago #8
Absolutely. Corrupt, incompetent unaccountable misanthropes are running amok. nt 617Blue 13 hrs ago #2
I hope the magas... lame54 13 hrs ago #4
I am not scared, I am terrified! SharonAnn 12 hrs ago #5
Thank you Sense MizLibby 12 hrs ago #6
You're welcome senseandsensibility 12 hrs ago #7

flamingdem

(40,106 posts)
1. The idea of privatizing Social Security
Thu Mar 13, 2025, 04:56 PM
13 hrs ago

is what concerns me. Right now it's a .5% expense but it could go up to 25% if the robber barons run things. That will be taken out of payments apparently. All speculation but not so far fetched.

Gore1FL

(22,291 posts)
3. Not to mention it will be invested in risk rather than performing its task as a social safety net. nt
Thu Mar 13, 2025, 04:58 PM
13 hrs ago

Happy Hoosier

(8,804 posts)
8. I'd be perfectly happy managing my own, BUT.....
Thu Mar 13, 2025, 05:35 PM
12 hrs ago

... the point of the program is guaranteed income.

I am confident in my ability to manage my retirement, but others may not be. And unless there is IS a guaranteed performance, we will have people who will wreck their account and be left with nothing to live on.

That's disastrous.

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