rinbaum on Nostr: I make this same point often. Retirees are not bankrupting Social Security. It's all ...

I make this same point often. Retirees are not bankrupting Social Security. It's all of the other beneficiaries added over the decades. These people may need assistance, but they should be under HHS with the other welfare programs. Retiree benefits are extremely easy to administer, while other welfare recipients require a lot of screening and updating statuses that is already being done by HHS, so duplicating those efforts at SSI is also a waste of resources as well as a misuse of funds.

I would gladly accept a lump sum, one time payment, in the form of an IRA with no penalties for withdrawal (thus allowing for further capital gains without penalty), of only the funds paid in plus interest earned, using the weekly t-bill rates to calculate the accrual. After that, I would no longer be any burden to the state at all.