December 03, 2024
Elon Musk, Sen. Mike Lee Declare War on Social Security
The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding Sen. Mike Lee’s (R-UT) and Elon Musk’s attack on the Social Security benefits Americans have earned over a lifetime of work.
“Senator Mike Lee has dreamed about ‘phasing out Social Security’ and the benefits generations of Americans have earned for more than a decade. His bad ideas have been rightfully ignored but last night he got a big assist from Elon Musk, who amplified Lee’s wrongheaded views about Social Security on X.
“Musk and Lee teaming up to go after Social Security should enrage and concern every single American who has contributed to Social Security.
“Social Security is a solemn promise between the American people and the government. We pay for Social Security’s guaranteed benefits with every paycheck and expect them to be there when we retire, lose a spouse or parent, or become disabled.
“No one voted to phase-out Social Security or let Wall Street gamble with their earned benefits. Older Americans will rightly punish any politician who tries to cut their benefits or gut the system that has worked for generations.”
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Get the facts about Social Security by watching the Alliance’s award-winning video: Our Earned Benefits.
Contact: David Blank, dblank@retiredamericans.org
It’s not sustainable. I am slated for retirement age at the exact time the trust fund is projected to be depleted . We are staring at the second major overhaul in just my lifetime. My father”s generation (born in 1934) is potentially the only generation that will work and reap the rewards of the entire cycle (paying during their entire career and getting benefit for their entire retirement) and even that is only because of the major overhaul in Regan’s era. How can we say that a program as important as Social Security is successful when we have to overhaul it every 30 years? We can’t just keep increasing the tax/premium. Lee is right that our government has sold us a bad promise. They have created a program that is basically impossible to extricate ourselves from, so we just keep pouring more money. Into it. And just like that 20 year old car i keep spending money on, eventually it’s going to fall apart. The sooner we recognize this issue and take real steps to extricate ourselves, the better off future generations will be. I don’t want to saddle my kids with more taxes to pay my benefits. Then their kids will have to do the same for them. At some point it will collapse. The government is not the solution to our retirement needs.
Nonsense, all they need to do is raise the cap
They should eliminate the cap
Bullshit.SS is the only source of retirement income for millions of Americsns. You think the homeless problem is bad now just do away with SS. We need to pay this tax and make billionaires pay their fair share.
What is a FOREIGNER like Elon Musk making decisions for the American people. That needs to be stopped.
We can strengthen the Social Security Trust Fund by making the wealthiest Americans pay their fair share into the system. This would not only make the system solvent for our children and grandchildren, it would allow us to increase benefits.
Yes, but, David, making the wealthy pay their fair share would mean they could never afford to buy the United States of America, and its figurehead president, as they’ve pooled their billions to do presently. Honestly, how fair is that…
Social security money does not belong to the government. It belongs to the Americans who put money into