Warning to pensioners

[CiscoKid]

Exactly. They HAVE been and ARE being cut.

Real-world inflation has added up to over 60-percent price/COLA increases since 2020. EVERYTHING essential most of which government liars don't COUNT, with their rigged stats. Rent, doubled. Food, nearly doubled. Auto fuel, up 40 percent. Auto insurance, doubled.

Clothing, doubled. Electrical, increased 30 percent.

Pension income, up about 10 percent, using the Commerce Department's jiggered stats for RRR increases.

Here in my 55-plus apartment house, I see residents selling their cars to pay for expenses. They're on antiSocial inSecurity, and really hurting.

And nobody's heating up the tar. Come Election Day, it's...."Where's the D. Vote DEMOCRAT, they're FOR THE PEOPLE. You're not one of those Trump freaks, ARE YOU!"

Anyone still voting for democrats simply isn't paying attention.

 

[searcher]

Social Security Statement on President Trump’s Memorandum, “Preventing Illegal Aliens from Obtaining Social Security Act Benefits” | SSA

The Social Security Administration (SSA) yesterday expressed its full support for President Trump’s memorandum, “Preventing Illegal Aliens from Receiving Social Security Act Benefits.

blog.ssa.gov

 

[searcher]

Kitco News 29 mins long. Nothing to see. Can listen in one tab, play around the forum in a different tab.

Trillion-Dollar Time Bomb: Whistleblower Exposes America’s Pension Crisis | Edward Siedle​

May 3, 2025 #Pensions #TedSiedle #KitcoNews
A record-setting SEC whistleblower says the next financial crisis won’t come from banks or stocks – it’s already buried inside America’s public pension system.

Ted Siedle, former SEC attorney and co-author of Who Stole My Pension with Robert Kiyosaki, joins Kitco News Anchor Jeremy Szafron to expose what he calls the “most ignored financial crisis in America.” Siedle reveals how rising rates, private equity lockups, and political influence are putting taxpayer dollars and retirement savings at risk and why many pensions are already beyond repair.
He also explains why crypto and alternative assets could implode at the next liquidity shock, warns about looming bailouts, and shares his views on gold, transparency reform, and how the crisis could spark political and social unrest.

Trillion-Dollar Time Bomb: Whistleblower Exposes​

 

[searcher]

At Social Security, These Are the Days of the Living Dead | naked capitalism

More proof at Social Security of the damage done by letting DOGE run wild.

www.nakedcapitalism.com

 

[Casey Jones]

Hate on the messenger.

And...their assertion is not proof.

The damage done, was the problem that DOGE was there TO SOLVE.

 

[searcher]

Social Security income tax cuts may include a huge new deduction for retirees​

The House Ways and Means tax bill is out, and older Americans hoping for a tax break on their Social Security benefits received a different kind of relief than expected.

The tax proposal aims to provide tax relief for seniors age 65 and older by increasing their standard deduction by an additional $4,000.

The increased standard deduction for seniors would be in effect through 2028 and subject to income limits, according to Robert Westly, regional wealth advisor at Northern Trust.

The new tax break is welcome news for the over 66 million Americans who collect Social Security income, including about six million baby boomers who signed up to receive benefits in 2024.

Social Security income is only designed to replace about 40% of a person's pre-retirement income, and many Americans count on it exclusively to support themselves in retirement. That's a problem because the average Social Security payment to retired workers is less than $2,000 monthly, yet average retirees' monthly expenses total $4,345, according to the Bureau of Labor Statistics.

More:

https://www.msn.com/en-us/money/ret...S&cvid=7fad0a3fd8cf4003a399c868790269c2&ei=28

 

[pmbug]

Coming back full circle to the original subject of the thread...