Nobody would be stupid enough not to pay people’s social security right? Right?
**WASHINGTON — The leader of the Social Security Administration under President Joe Biden says President Donald Trump’s staff cuts could cause such disruption in the agency that seniors might miss benefit payments. **
The fever won’t break until people suffer real and obvious financial consequences over an extended period of time.
I’m happy and prepared to endure a 50% stock market drop in the service of the nation. I have no doubt that, like 2008, Karma will reward me with an even greater fortune.
I keep hearing from all sides “Don’t worry. They’ll never do that.” And that old stand-by concerning SS specifically: “Third rail of American politics.”
These people are all either clueless and just regurgitating lines like preschoolers reciting childhood rhymes. Or, they are hand-wringing, cold-sweating, eye-twitching, desperately fearful people trying to convince themselves more than anybody else.
Current management is willing & able to do anything. Anything, if it suits their purpose.
If the Social Security checks don’t go out, I expect a half dozen Republicans to switch parties to save their jobs.
Early in Bush the Lessor’s tenure he tried to roger Vermont’s GOP senator Jim Jeffords on dairy subsidies. Jeffords switched parties and handed control of the Senate to the DEMs – even Mitch McConnell was in awe.
I expect the goal is to fire enough SS admin that the system begins to stop working smoothly, at which point it will be privatized in order to “save” it. Which will enable the JC’s to skim a 15% management fee off of it, and to steer the investment balances into funds held by other cronies. With no SEC oversight, it really will fail. Then some future Democratic administration will have to take the heat for the clearly socialist move of nationalizing it back into the government.