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mnhtnbb

(33,543 posts)

36. No, right now short term interest rates

Thu Jun 11, 2026, 07:41 PM

14 hrs ago

are 3.75 , while putting extra $ towards paying down my mortgage only saves 2.3 %. So, I've just upped the amount I'm putting towards paying down the mortgage to about 1/3 of my normal monthly payment. I've split that extra amount between a savings account paying current rates and extra principal for the loan. On the off chance the Congress actually fixes the damn problem prior to the need for reducing SS payments, I'll actually have a nice nest egg in the money market account that won't have to go to paying off the mortgage. Of course by then, I'll probably end up needing it for a new roof or some other house maintenance, instead of being able to use it for something fun.

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Four senior senators express alarm, push for 'hard' Social Security votes [View all] BumRushDaShow Yesterday OP

no awards for moral courage for this bunch after ignoring the problem for years msongs Yesterday #1

No, but probably only lame ducks felt free enough to do this DFW Yesterday #3

But removing the cap technically isn't raising taxes, it's just adjusting contributions. nt in2herbs 22 hrs ago #18

To anyone who would have to pay more of their paycheck than they do now DFW 17 hrs ago #30

They're not all lame ducks. ShazzieB 20 hrs ago #26

The obvious simple solution is to raise or, better yet, remove the cap on income levels... GReedDiamond Yesterday #2

I paid double the SS for nearly 40 years being self employed years ago Bengus81 23 hrs ago #10

Exactly, Thune always has a mealy mouthed response/retort... IthinkThereforeIAM 22 hrs ago #19

I completey agree they should remove the cap jgmiller 21 hrs ago #24

I think the obvious solution is to not be simple DFW Yesterday #4

Most of these people are so wealthy they would not miss this money. travelingthrulife 23 hrs ago #6

They might have to pay for a tank of fuel for their 400' yacht Bengus81 23 hrs ago #11

Right, none of them are going to be faced with eviction or have their diet changed... IthinkThereforeIAM 22 hrs ago #20

The other solutions all are politically unpopular. SamuelAdams 23 hrs ago #7

Do what we do for all of the wars -- borrow. Also, Obama managed to extend the date by a year. Nt lostnfound 23 hrs ago #9

Bush like Trump wants SS privatized so some bud of theirs can get hold Bengus81 23 hrs ago #12

Social Security Trustees are all MAGA Kid Berwyn Yesterday #5

And that was intentional... IthinkThereforeIAM 22 hrs ago #21

Project 2025 is MAGA for Urinary Executive (Trickle Down Forever) Kid Berwyn 22 hrs ago #23

What a waste to work for 45 years and to spend money helping those who needed it lostnfound 23 hrs ago #8

(a percent of which comprises the revenue). mdbl 22 hrs ago #15

Maybe the 4 Senators can come up with good ideas Buddyzbuddy 23 hrs ago #13

REMOVE. THE. CAP. TygrBright 22 hrs ago #14

Exactly, let everyone pay the same percentage on their Payroll Tax obligation. It is simply a huge gift to the Exp 20 hrs ago #27

Precisely! CoopersDad 15 hrs ago #33

Experts like Paul Krugman say vary affordable fixes are available to keep SS solvent. Republicans insist on holding SS Martin68 22 hrs ago #16

There is no "solvency" issue. It is bullshit. valleyrogue 22 hrs ago #17

It's like saying the USPS loses money. Bullshit. nt. druidity33 16 hrs ago #31

"3 of the 4 won't be there next year, not just Cassidy and Tillis but Durbin too." Wednesdays 22 hrs ago #22

"And what are they going to do when The Felon vetoes their bill?" BumRushDaShow 21 hrs ago #25

It's not hard ...get rid of the cap or make the donut plan JT45242 20 hrs ago #28

During COVID in 2020, I bought a house. mnhtnbb 20 hrs ago #29

Are you also making 2X monthly payments? CoopersDad 15 hrs ago #34

No, right now short term interest rates mnhtnbb 14 hrs ago #36

Eliminating the payroll cap would solve the problem. Any Democrats who suggest anything else are not Democrats. Dangling0826 15 hrs ago #32

Gee whiz Katcat 14 hrs ago #35