I'm getting very tired of all the lies about Social Security. Social Security is not the cause of a single penny of the budget deficit (because it is funded through a dedicated payroll tax paid by workers, and not by the federal government). Even conservative icon Ronald Reagan knew that. And he also knew that cutting Social Security would not balance the budget (since it didn't create the budget deficit). So it's time for Congress to stop searching for sneaky ways to cut Social Security benefits (like the chained CPI method of figuring inflation). Just leave Social Security alone, and pay back the money borrowed from the Social Security Trust Fund.
If you really want to cut the budget deficit, then spend more money helping the poor and creating jobs -- which will create more taxes and taxpayers as it creates demand and new jobs. Then eliminate subsidies for the corporations, ban the tax advantages for outsourcing, and tax the funds they are hiding overseas. And raise taxes on the rich, so they pay a bigger percentage than the middle class does (and tax all income as earned income).
Those things would eliminate the budget deficit. Cutting benefits for Social Security would not. Stop lying to the people!
Amen!
ReplyDeleteI view SS as a savings account that the government has set up for every working American because most of US can not or will not save for our own retirement. And even if we do save or invest, the savings vehicles at our disposal are at the mercy of market fluctuations and global economic downturns. US workers contribute into a big trust fund and when we no longer can work we will at least have enough money to buy food (but not much more) in our old age. It's a pity that they want to throw seniors under the bus in the name of balancing the budget or for the future solvency of SS. It's a crock and we all know it.
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