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#ProtectSocialSecurity

They tried privatizing Social Security under GWB, too, right before the massive stock market crash. I guess they thought we forgot about it by now, they can try again. www.americanprogress.org/article/prim...

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Social Security is supposed to be guaranteed income, not a roll of the dice.

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Privatization = Some rich dude getting richer with our $ 😡

Texans can't seem to get enough stupid. They keep doubling down on it every election.

#Congress "borrowing" from something they didn't earn (We earned Our Social Security Trust Fund) is what threatens S.S.... Congress, pay back what you stole and remove the cap.

Ha, ha, don't be silly. The government doesn't invest your SS withholding, as if they were carefully managing the fund. They assume that future withholding will pay your future benefit. They spend the money carelessly, then complain that paying it back is burdensome, we should just end SS.

No, no ... THIS government. George Bush is a Republican, btw. Talarico for Senate. Gina Hinojosa for Governor. 💙💙 Have you followed the Stock Market at all lately? It's up/down/up/down ... and you're not in on the grift. You DON'T have early knowledge. You DON'T have early tips. THEY DO.

🤬

Paxton has 5 days before he can’t drop out and be replaced.

Also that math is an absurd fabulation; an utter lie of enormous proportions! 10% of 12.4% (employee+employer's share) is 1.24% of wages. Median annual salary is $65K. That's only $800/year. The US govt owes SocSec >$2.5 TRILLION. And "2x benefits" for all SocSec beneficiaries would = $3.2 TRILLION.

Millions lost their retirement savings: 1973-74 Oil crisis. Nixon then Ford 1987 Black Monday. Reagan 2000-2002 dot com bubble GW Bush 2008 mortgage crisis, global crash, also GW Bush 2020 Covid 19. Began with Trump in 2019. Biden oversaw fastest rebound ever. Never trust GOP with your $$$.

THE KISS OF DEATH.

We all don't get inside trading tips like our government officials, so we can't count on that.

Wasn't there a huge stock market crash too? I don't know how that would have effected the fund, with people still needing to pull from it.

all republican get hard just thinking about privatizing SS...

I would hope that would lose him a few votes.

🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

…one republickin, fever dream of many, for nearly a hundred years. They are all in dire need of being put out to pasture.

W took SIX years out of my life. I dream of him painting with lead base paint and licking his brushes to keep them pointed

Plus who wants your SS money invested in ghost corporations like SpaceX or Open AI.

Why not offer a choice. 1️⃣ Let gov manage SS benefits. 2️⃣ Allow people to select how there SS savings are invested. Of course, those going with #1 will receive a 22% reduction in a few years because gov mismanaged their $. People in #2 will receive an extra $1100/mo, based on average pay.

Privatised social security is the minimum wage.

Like my check is so big NOW, I want to install a middle man to whittle it down some, who then gets to use my FUTURE benefits and gamble on trump's crypto! SHOOT these muthafuKKKers!

Jackass

Doing this from memory, but the problem with W's privatize plan was the govt still had to pay full benefits to retirees. What W proposed was for the govt to borrow the $$, hand it to today's workers to invest and then the workers had to pray that when they retired, the mkt wasn't in the toilet.

We just need to get honest, accurate cost of living increases. These now are not even close to inflation.

Fuck the GOP

Honest question: Can the government be trusted with our hard-earned benefits when they've been raiding the SSA/Treasury for decades? I get not trusting "wall street", but you trust the GOP?

The balance of SS is $2.56 trillion. Charging .33% to “manage” the money in a passive social security mutual fund (~ 1/2 that for an equivalent ETF), would result in $8.448 billion (~$4.2 billion/etf) in fees taken from the pockets of Americans and given to the banks awarded this contract.

Excellent that Paxton is providing @jamestalarico.bsky.social more talking points to use against him.🙏

youtu.be/PyDstMuJGMA?...

That totally misses the point of social security. 🙄

The Government needs pay back for appropriating(robbing)the SSA trust fund to pay for Congress’s boneheaded decisions in governance back in the 1970’s & 1980’s that had an effect on where we’re at now in relationship to its solvency,it might not be running out of money.It’s 🐂💩slight of hand by govt.

If they hand our money over to investors, they will take it all and we will die starving and homeless.

Ken Paxton has no clue what he's doing and this nutjob pal of his needs to zip his lips.

NO!!!

Wall St investing is a little like gambling. Sometimes it pays off - often even. But the market is volatile and vulnerable to all sorts of things beyond an ordinary investor's control like war & bad economic policy, etc. I don't want to rely entirely on a 401K type investment for the rest of my life

Ask all the military families how privatizing govt ops works as the live in rotting, molding housing.

Give all the money back we all paid into it and they can do what they want

You better turn Texas Blue then! Vote for Democratic James Talarico for Texas US Senator! 💙💙💙

Republicans have been trying to do this for decades. They want to gamble your hard-earned benefits in the casino of Wall Street, where they keep the winnings and you take the losses. Heads they win, tails you lose! Fortunately, states have no say on Social Security.

IT'S NOT SUPPOSED TO BE A BET. IT'S A SAVINGS ACCOUNT. A PROMISE. IT'S OUR MONEY, NOT A SPECULATION FUND.

Why would anyone trust Wall Street with Social Security? I remember 2008 and don’t trust the GOP not to hand Wall Street deregulations that open up the market to greed and manipulation. Which we know this country is no stranger to. Social Security is a safety net not chump change for Wall Street.

It could've gone the other way too ya f***ing idiot!

Yeah, because the current system is working so well, right? You can trust the government, I’ll trust Americans.

If you're Smart TEXAS, You will #VoteBLUE. Democrats want to Expand SS and Medicare/Medicaid. Not cut or steal it like Republicans are doing.

Go SS 🔥

Welcome to the Billionaires Gilded Age!

Privatizing Social Security means Paxton was going to get a cut … because the people who needed it would have had to suffer reduced benefits. You only have to look at privatized health care to see a functioning disaster.

Privatize Social Security???? That's the stupidest idea to come down the pike. The way the Stock Market goes up & down? No! What happens to OUR money if the Market crashes? What . . we don't get paid that month? BAD, BAD, BAD IDEA!

AND SS would be solvent if Congress would stop borrowing from it and cutting Medicare benefits. They never replace what they take from SS and never restore benefits they cut from Medicare. They just TAKE, TAKE, TAKE. Raise taxes on the rich instead of giving them more.

And HOW MANY OF THOSE 5 MILLION VOTED FOR PAXTON? 🙄

I seem to recall a market crash in 2008 that wiped out many people's investments...

Paxton needs to be sent to a privatized jail cell.

That’s a goddam lie! Anyone knows that privitizing a msssive program like SS will distort the markets. Speculators and other vultures will profit hugely, and everyone else will lose. It’s those who need it most who would be stripped of protections from starvation and homelessness! That POS would pro

It is not their money to privatize. It is not the taxes they use as a slush fund already encouraged by a paid for Congress

Fuk Paxton the thief

Once again, social security is not a retirement fund. It is an insurance program. It has SOME assets, invested by law into treasury bills. But mostly it pays out year to year using tax revenue. I hope this was not news to you.

It’s a massive pool of others money. The greed necessary to assume it’s theirs to control is bottomless. The world is their casino.

Bad idea. Next financial crisis - we all lose.

Texan Republicans will still vote for Paxton! #NaziCult

While ignoring mentioning that timing can really fuck over a whole tranche of people

Maybe he should read the NY Times article today on bond yields. Before long we'll be going over a cliff and our "privatized" social security would be too.

Oh, privatize social security ? What a great idea ! How did it work for healthcare ?

Ron Rule is a Guardian of Pedophiles, Rep. In other words: TRAITOROUS KKKUNT.

PROVE IT. W wanted to take OUR money out of OUR pension accounts. HANDS OFF DILDO. (You don't mind me calling you by your 1st name. Paxton is a CRIMINAL.

I endorse Ken Paxton going to jail

Paxton can go straight to hell. 🤬

We'll find out just how stupid Texas is soon.

With deregulation, the repeal of the Glass Stegal Act, Trump’s new crypto bank, and shady insurance companies posing as finance establishments, that’s gonna be a emphatic no

They want their greedy hands on it. NO

Rethugs can't stop grifting with taxpayer $$$!

Privatization let's businesses off the hook because they won't match employee share.

Texas, do you understand how absolutely stupid you all look to the rest of this country. Ken Paxton is the Republican candidate? REALLY? WTF are you thinking?

When grandma misses her check, millions of grandkids will be storming the capital.

The dream of Republicans forever. Get ahold of our social security and invest it in the market. When the market crashes, oh well, too bad.

There’s an easy & equitable way to ensure Social Security solvency but it requires the wealthy to pay their fair share & the GOP is against that. They’d rather recipients, many of whom need this $ to survive, play the stock market than remove the ridiculously low income cap. Follow the $.

Short lesson. Years ago the government said my union couldn't be trusted with our pension fund. They turned it over to wall st. We had $65 billion. They released it back to our control. We got $5 billion back. Wall Street can't account for the missing $60 billion. You figure it out.

Well...!!!...those 5 million Texans need to vote for Talarico...!!! Problem solved...! 💙

Seems when things get privatized it's a shitshow and it's not good. So, no.

He wants Wall Street to steal your money.

This is not what's going on. Trump campaigned on eliminating taxes on Social Security.

In a normal civilized society Ken Paxton would be in jail, NOT running for the US Senate. But then again, this is what happens when MAGAts take over Texas! VOTE BLUE NO MATTER WHO 💙🌊.

Wait till all the TX folks on Medicaid..and there are a lot..get wiff of what next. Paxton..IQ47 clone

Sounds good until the market crashes. The real solution is to raise the cap on how much the rich pay in to Social Security.

Monthly Statement says: "97% service fees" These fucking people.

I would like to have 10% of what I put in to put iron mutual funds. if 90% still goes in for the greater good, why is that a bad thing. I’m not old enough to remember that but I do know that my mutual funds out perform what my parents get from ssn, now. Don’t be rude but help me see the bad in 10%

They would have been wiped out 8n 2008 crash.

You mean the markets that Trump and his cronies can manipulate at will, to benefit themselves while screwing over anyone who didn't get invited to the insider scam, all this with no consequences? Yeah, no.

Just like George Carlin predicted

PS. FUCK PAXTON!

Have the Feds heard of fixed index accounts? You never lose your principal with them.

If Ken Paxton wants to claim to be anointed by God, he should take another look at these verses and others like it.

Sad loss.

True. Even more important that SS remains a source of stable income that the elderly can depend on.

This would involve Wall Street brokerage firms collecting large fees, and gambling with our retirement accounts. In the long run, the stock market tends to go up, but bear markets do happen, and retirees should not be risking the SS income they depend on for their living expenses.

Thank you for this. Keep checking your registration. www.vote.org/am-i-registe...

We're to have to start cutting people off from social security and medicaid though. It's going to all run out in a couple years since we don't have enough people paying enough into it anymore. That's a byproduct of a k shaped economy and an expected outcome.

Crypto markets?

And 4.9 million of those 5 will vote for Paxton. Welcome to Texas.

You don't RULE,ron. In fact,you are a trump/paxton sycophant. Greedy MFs.

Republicans have been saying this since the 30,s and they don't hesitate to make their claim

Yes, and this year they would be borrowing from their retirement account to afford health insurance.

Only so they can manipulate the markets, have seniors lose it all, and destroy it once and for all.

VOTE 🔵

NOOOOOOOOooooooooo!

MY MONEY. FUCK OFF.

I don’t see how Ken Paxton can run for anything? Texas just like Florida. Double standards for #GOP criminals. www.houstonpublicmedia.org/articles/new...

Do what you're suppose to and raise the cap on contributions.

I do not support this! I can't wait to vote these SOB's out of office!

It took almost 10 years for the markets to recover after the 2008 crash! So what would senior citizens eat for 10 years?

Utter BULLSHIT. "Wall Street" and those con artists would have found a way to steal it then say "Sorry". Fucking lying fascist bastards.

now run the numbers on what happened to folks if they wanted to start collecting SS payments in 2009 and 2010 and not just the recent runaway capitalist wet dream stock market that caters to just increasing costs for basic living needs.

I remember that and it was first proposed by Reagan. It sounded like a great idea & I was for it. Then we had that stock market debacle when we all, incl. me, lost thousands of dollars from our IRAs. If Soc Sec had been privatized, we would have lost everything. Hands off.

Noooooooooo

No no no no

That "10%" would have been lost 18 years ago. Millions of seniors would have been wiped out, and many would not have lived to see it rebound under #Obama & #Biden.

Vote!!

I can’t wait to get my check WITH compound interest that I can take and invest on my own. If they can charge students compound interest they can pay us our SS with compound interest. I would like to not have to check my balance every month to make sure they haven’t moved it somewhere else.

These drooling vultures need to get into crypto & leave Social Security alone.

Social Security would be fine if the top limit contributions were raised so the rich would pay a modest amount to keep it solvent.