CBO says Social Security payments reduced by 2032

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80sGeorge
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8:12p, 2/19/26
AG


The tweet quotes an announcement from the non-partisan Congressional Budget Office stating that we should expect cuts to Social Security payments within 6 years due low funds.

Surely this is a non-partisan issue right?

Wasn't it GW Bush that suggested allowing the fund to invest in the stock market? In hindsight that would be genius but it was derided at the time.

Maybe we should cut the fraud from the other entitlements and put that money in the SS fund. Also no SS to noncitizens!
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Queso1
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8:14p, 2/19/26
AG
OP headline is fake news


But let it burn. Ponzi scheme.
They paid for their wars with your tax dollars and also with your untaxed dollars. Inflation is theft.
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Yukon Cornelius
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In reply to 80sGeorge • 8:15p, 2/19/26
AG
We are bankrupt. Needs to end immediately. Sucks for those that paid into it but that's what happen when you don't vote against forced retirement plans managed by the government.
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Psycho Bunny
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8:15p, 2/19/26
SS is theft and should die a painful death.
Whether I get life's question right or wrong free will is an illusion.
Life is a game that plays us.
Are we dreaming of life or is life dreaming of us.
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Queso1
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In reply to Yukon Cornelius • 8:16p, 2/19/26
AG
lol! "Those that paid into it." Nobody paid into it, they just propped up the Ponzi scheme
They paid for their wars with your tax dollars and also with your untaxed dollars. Inflation is theft.
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Queso1
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In reply to Psycho Bunny • 8:19p, 2/19/26
AG
Psycho Bunny said:
SS is theft and should die a painful death.


And Roosevelt or whoever passed it should be posthumously censured.
They paid for their wars with your tax dollars and also with your untaxed dollars. Inflation is theft.
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91AggieLawyer
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In reply to 80sGeorge • 8:25p, 2/19/26
AG
80sGeorge said:
Wasn't it GW Bush that suggested allowing the fund to invest in the stock market? In hindsight that would be genius but it was derided at the time.


It was Congressional Republicans circa 1994-8. Clinton and the dems scared the public into thinking that Wall Street would take over all of America's savings while simultaneously having Clinton's treasury secretary, Robert Rubin, taking over all of America's savings (or as much as he/they could get their hands on). Clinton/Rubin/dems transformed a relatively conservative/Republican Wall Street into a leftist ideologue by implementing pay for play and regulations that put the small player out of business. The big firms LOVED them.

Sadly, many Republicans went along with this. Either they were in on the take or they were just stupid.

Had we gone with this plan, the amount of wealth in this country for those aged 50 and older would be almost unimaginable, even if the market didn't show any external gains (i.e. the returns achieved were what was actually done ~'95 through today, ignoring the infusion of additional capital that SS funds would have provided).

I've said it before and I'll say it again: had Clinton gone along with everything Congressional Republicans wanted, either before the 1996 election or certainly after it, his popularity would have been so immense he never would have been impeached. No one would even know or care who either Monica or Paula was.
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rocky the dog
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8:28p, 2/19/26
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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YouBet
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8:33p, 2/19/26
AG
An average 28% annual drop from 2033? Run the math on that.

If that's true, it's totally gone in short order. That is more than just reduced payments.

Good thing I don't have this in my projections.

Of course, Congress wont let this happen if that is actually accurate. Get ready for some tax hikes.
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gougler08
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8:35p, 2/19/26
AG
Just invest it in the S&P 500 instead of treasury bonds and we'd survive with modest cuts to the payouts for a few years and probably back to full benefits in 10-20 years

But why would we make a smart easy decision
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shiftyandquick
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8:36p, 2/19/26
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.
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BonfireNerd04
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8:37p, 2/19/26
Why not just make the cuts right now?
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Trajan88
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In reply to 80sGeorge • 8:45p, 2/19/26
AG
If mine and my employer's SS contributions since 1982 were invested in 50% S&P index and 50% intermediate term U.S. bonds (aka the Couch Potato index) ... the stack of Benjamins today would be HUGE.

Edit to add ... w/ a yearly rebalance to 50-50 distribution.

And portable... and anything left over will-able to heirs.

Ooof.
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TheRatt87
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8:59p, 2/19/26
As opposed to SS benefit cuts across the board, I predict that they will incorporate some form of means testing, so that those of us that have paid the most over the last 40 yrs, including maxing out the last 20+, get nothing or very little.
"From each according to his ability, to each according to his needs."


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Tony Franklins Other Shoe
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In reply to shiftyandquick • 9:07p, 2/19/26
AG
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


Good, I'm spending all my SS on useless **** just to piss you off some more.

Person Not Capable of Pregnancy
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NE PA Ag
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In reply to shiftyandquick • 9:08p, 2/19/26
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


You've got a long way to go before 'all the Baby Boomers die', so you're basically discounting the CBO report and believe SS will be fine for at least the next 30 years.
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BkYdPitmaster
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In reply to shiftyandquick • 9:12p, 2/19/26
AG
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.

You're definitely shifty, just not very quick.
Backyard Pitmaster
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YouBet
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In reply to NE PA Ag • 9:13p, 2/19/26
AG
NE PA Ag said:
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


You've got a long way to go before 'all the Baby Boomers die', so you're basically discounting the CBO report and believe SS will be fine for at least the next 30 years.


Taking these cuts at face value benefit payments will be effectively 0 by 2042 and SS is dead.

I'm going to assume we aren't getting the whole story because a planned 28% annual benefit cut should be at the top of the news. Those are massive cuts.
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Rapier108
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In reply to 80sGeorge • 9:20p, 2/19/26
Quote:
Wasn't it GW Bush that suggested allowing the fund to invest in the stock market? In hindsight that would be genius but it was derided at the time.

Yes, and actually proposed a very good system. I would have setup individual retirement accounts (basically 401Ks that your social security deduction would go into) which you, or a company of you choice, would manage. You could not access the money except for something like a permanent disability. If you died, it would go to your designated heir(s) and into their account(s).

I don't remember the exact age brackets but it went something like this.

Over 45, no change. You stay in the current system.

20-44, you can stay in the current system, or receive a 1 time payout from the government based on number of years you paid into it. This would go into your retirement account.

19 and under, you'd get nothing, but you really hadn't paid in much either.

SS would simply cease to exist when the last person drawing from it passed away.

Went no where of course because the Democrats made sure of it.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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Ranger26
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In reply to Queso1 • 9:24p, 2/19/26
Paid = stole
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MemphisAg1
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In reply to YouBet • 9:25p, 2/19/26
AG
YouBet said:
NE PA Ag said:
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


You've got a long way to go before 'all the Baby Boomers die', so you're basically discounting the CBO report and believe SS will be fine for at least the next 30 years.


Taking these cuts at face value benefit payments will be effectively 0 by 2042 and SS is dead.

I'm going to assume we aren't getting the whole story because a planned 28% annual benefit cut should be at the top of the news. Those are massive cuts.

Yeah, this needs a lot more fact-checking. I monitor this regularly and recent updates were -- absent changes from Congress -- benefits would see a roughly 15% reduction around 2033 and continue near that level, maybe approaching a 25% reduction -- for decades. There was no projection of going to zero in anyone's lifetime. Hard to think it suddenly switched from a steady diet of that view to this one which is apocalyptic. Someone is fishing for clicks.
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Big Al 1992
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9:28p, 2/19/26
AG
The "non partisan" CBO would never announce this during a Biden or Obama administration.
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gkaggie08
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In reply to Queso1 • 9:32p, 2/19/26
AG
Queso1 said:
lol! "Those that paid into it." Nobody paid into it, they just propped up the Ponzi scheme


My dad used to have knock down, drag out arguments with my grandfather(his FIL), who was a lifelong dairy farmer and old school democrat. My paternal grandfather was a Republican, so that carried over to my dad.

My dad would argue with his FIL, and grandpa would shake his head saying that social security would take care of him and grandma because he had paid in to the system for 60+ years. My dad would counter him and tell him that all that money he paid in went to the generation before him who were already on SS.

These arguments went on for years, and my grandpa never realized that his children's generation were paying for his SS check. He died in 2005 and my grandmother in 2019.

If he was alive today I think he would finally concede that his money was stolen and the funds he received were paid for by his children
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Ol_Ag_02
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9:33p, 2/19/26
AG
Good. Let it die. I'm not counting on all the money that's been stolen from me. But this country needs to learn a hard lesson.
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FrioAg 00
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9:34p, 2/19/26
AG
If you're under 50 and assume your getting anything, in my opinion you are being foolish.

It would be nice if we were not forced to continue the theft for another 6 years or more - just go ahead and call it. Start phasing out the benefits of the existing beneficiaries, and no new beneficiaries get to start drawing. There is a lot of pain coming, and the longer we wait the worse it's going to be.

Just get on with it
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Ol_Ag_02
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9:35p, 2/19/26
AG
The first monthly Social Security retirement check was issued on January 31, 1940, for $22.54 to Ida May Fuller of Vermont. She had paid only $24.75 into the system over three years,

Recipient: Ida May Fuller, a retired legal secretary.
Contribution: She contributed $24.75 in payroll taxes between 1937 and 1939.

Total Benefits: Over her lifetime, she collected $22,888.92 in benefits, living to age 100.

We've been ****ed over.
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one safe place
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9:38p, 2/19/26
No politician, as in none, will let social security payments go down. Won't ever happen. Print money, add to the deficit, all the things they do now is what they will do to keep funding social security.
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one safe place
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In reply to Ol_Ag_02 • 9:40p, 2/19/26
Ol_Ag_02 said:
The first monthly Social Security retirement check was issued on January 31, 1940, for $22.54 to Ida May Fuller of Vermont. She had paid only $24.75 into the system over three years,

Recipient: Ida May Fuller, a retired legal secretary.
Contribution: She contributed $24.75 in payroll taxes between 1937 and 1939.

Total Benefits: Over her lifetime, she collected $22,888.92 in benefits, living to age 100.

We've been ****ed over.

Today it takes from 5 to 7 years to get back what you contributed (double that if self-employed or work for your own company).
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Rockdoc
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In reply to shiftyandquick • 9:44p, 2/19/26
AG
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.

I'm a boomer and my opinion is you're full of crap.
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YouBet
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In reply to MemphisAg1 • 9:44p, 2/19/26
AG
MemphisAg1 said:
YouBet said:
NE PA Ag said:
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


You've got a long way to go before 'all the Baby Boomers die', so you're basically discounting the CBO report and believe SS will be fine for at least the next 30 years.


Taking these cuts at face value benefit payments will be effectively 0 by 2042 and SS is dead.

I'm going to assume we aren't getting the whole story because a planned 28% annual benefit cut should be at the top of the news. Those are massive cuts.

Yeah, this needs a lot more fact-checking. I monitor this regularly and recent updates were -- absent changes from Congress -- benefits would see a roughly 15% reduction around 2033 and continue near that level, maybe approaching a 25% reduction -- for decades. There was no projection of going to zero in anyone's lifetime. Hard to think it suddenly switched from a steady diet of that view to this one which is apocalyptic. Someone is fishing for clicks.


But your numbers are still extremely dramatic. Average payment is around $2k per month. Run a 15-25% cut to that annually and see how fast it becomes irrelevant and results in revolt.

No way in hell Congress lets it get near that far.
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Ag with kids
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In reply to Yukon Cornelius • 9:48p, 2/19/26
AG
Yukon Cornelius said:
We are bankrupt. Needs to end immediately. Sucks for those that paid into it but that's what happen when you don't vote against forced retirement plans managed by the government.

Translation...


I haven't paid into it for that long, and I want it to end so my paycheck increases until I retire, since I wouldn't pay into it anymore.


So **** all you people that have paid into it for 40+ years and are getting it or about to get it, even though you had no ****ing choice...



How very Gen Z of you...
You can turn off signatures, btw
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Ol_Ag_02
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In reply to Ag with kids • 9:49p, 2/19/26
AG
Ag with kids said:
Yukon Cornelius said:
We are bankrupt. Needs to end immediately. Sucks for those that paid into it but that's what happen when you don't vote against forced retirement plans managed by the government.

Translation...


I haven't paid into it for that long, and I want it to end so my paycheck increases until I retire, since I wouldn't pay into it anymore.


So **** all you people that have paid into it for 40+ years and are getting it or about to get it, even though you had no ****ing choice...



How very Gen Z of you...


I've been paying for 25 years. Guess I'm just more willing to save this country.
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Ag with kids
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In reply to Queso1 • 9:49p, 2/19/26
AG
Queso1 said:
lol! "Those that paid into it." Nobody paid into it, they just propped up the Ponzi scheme

No...

We paid into it.

Congress ****ed us and spent the money.
You can turn off signatures, btw
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MemphisAg1
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In reply to YouBet • 9:51p, 2/19/26
AG
YouBet said:
MemphisAg1 said:
YouBet said:
NE PA Ag said:
shiftyandquick said:
SS will run out just as all the Baby Boomers die, officially cementing them as the worst generation in recorded history.


You've got a long way to go before 'all the Baby Boomers die', so you're basically discounting the CBO report and believe SS will be fine for at least the next 30 years.


Taking these cuts at face value benefit payments will be effectively 0 by 2042 and SS is dead.

I'm going to assume we aren't getting the whole story because a planned 28% annual benefit cut should be at the top of the news. Those are massive cuts.

Yeah, this needs a lot more fact-checking. I monitor this regularly and recent updates were -- absent changes from Congress -- benefits would see a roughly 15% reduction around 2033 and continue near that level, maybe approaching a 25% reduction -- for decades. There was no projection of going to zero in anyone's lifetime. Hard to think it suddenly switched from a steady diet of that view to this one which is apocalyptic. Someone is fishing for clicks.


But your numbers are still extremely dramatic. Average payment is around $2k per month. Run a 15-25% cut to that annually and see how fast it becomes irrelevant and results in revolt.

No way in hell Congress lets it get near that far.

I agree with that also. I'm just saying the previous projections weren't anywhere as dramatic as going to zero. That author is just looking for clicks. And yes, Congress will be forced to do something to shore it up. The frustrating thing is we've seen this coming for decades and could have taken smaller steps years ago to fix it, but now they'll be left with more drastic options (more debt, means testing, more taxes, etc.)
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Jarrin Jay
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9:52p, 2/19/26
AG
All Ponzi schemes fail at some point….
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